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Walmart Inc. (WMT)


Statement of Financial Position, Assets

Difficulty: Beginner

The statement of financial position provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Walmart Inc., Consolidated Statement of Financial Position, Assets

US$ in millions

Microsoft Excel LibreOffice Calc
Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015 Jan 31, 2014
Cash and cash equivalents 7,722  6,756  6,867  8,705  9,135  7,281 
Receivables, net 6,283  5,614  5,835  5,624  6,778  6,677 
Inventories 44,269  43,783  43,046  44,469  45,141  44,858 
Prepaid expenses and other 3,623  3,511  1,941  1,441  2,224  1,909 
Current assets of discontinued operations —  —  —  —  —  460 
Current assets 61,897  59,664  57,689  60,239  63,278  61,185 
Property and equipment, net 104,317  107,675  107,710  110,171  114,280  115,364 
Property under capital lease and financing obligations, net 7,078  7,143  6,468  6,345  2,375  2,543 
Property and equipment, including property under capital lease and financing obligations, net 111,395  114,818  114,178  116,516  116,655  117,907 
Goodwill 31,181  18,242  17,037  16,695  18,102  19,510 
Other long-term assets 14,822  11,798  9,921  6,131  5,671  6,149 
Long-term assets 157,398  144,858  141,136  139,342  140,428  143,566 
Total assets 219,295  204,522  198,825  199,581  203,706  204,751 

Based on: 10-K (filing date: 2019-03-28), 10-K (filing date: 2018-03-30), 10-K (filing date: 2017-03-31), 10-K (filing date: 2016-03-30), 10-K (filing date: 2015-04-01), 10-K (filing date: 2014-03-21).


Assets, Selected Items

Item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Walmart Inc.’s current assets increased from 2017 to 2018 and from 2018 to 2019.
Property and equipment, including property under capital lease and financing obligations, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Walmart Inc.’s property and equipment, including property under capital lease and financing obligations, net increased from 2017 to 2018 but then declined significantly from 2018 to 2019.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Walmart Inc.’s long-term assets increased from 2017 to 2018 and from 2018 to 2019.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Walmart Inc.’s total assets increased from 2017 to 2018 and from 2018 to 2019.

Current Assets, Selected Items

Item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Walmart Inc.’s cash and cash equivalents declined from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Receivables, net The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Walmart Inc.’s receivables, net declined from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Walmart Inc.’s inventories increased from 2017 to 2018 and from 2018 to 2019.