Stock Analysis on Net

Walmart Inc. (NYSE:WMT)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Walmart Inc., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017
Net sales 567,762 555,233 519,926 510,329 495,761 481,317
Cost of sales (429,000) (420,315) (394,605) (385,301) (373,396) (361,256)
Gross profit 138,762 134,918 125,321 125,028 122,365 120,061
Membership and other income 4,992 3,918 4,038 4,076 4,582 4,556
Operating, selling, general and administrative expenses (117,812) (116,288) (108,791) (107,147) (106,510) (101,853)
Operating income 25,942 22,548 20,568 21,957 20,437 22,764
Interest expense, debt and finance lease (1,994) (2,315) (2,599) (2,346) (2,330) (2,367)
Interest income 158 121 189 217 152 100
Interest, net (1,836) (2,194) (2,410) (2,129) (2,178) (2,267)
Loss on extinguishment of debt (2,410) (3,136)
Other gains and (losses) (3,000) 210 1,958 (8,368)
Income before income taxes 18,696 20,564 20,116 11,460 15,123 20,497
Provision for income taxes (4,756) (6,858) (4,915) (4,281) (4,600) (6,204)
Consolidated net income 13,940 13,706 15,201 7,179 10,523 14,293
Consolidated net income attributable to noncontrolling interest (267) (196) (320) (509) (661) (650)
Consolidated net income attributable to Walmart 13,673 13,510 14,881 6,670 9,862 13,643

Based on: 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Walmart Inc. net sales increased from 2020 to 2021 and from 2021 to 2022.
Operating income The net result for the period of deducting operating expenses from operating revenues. Walmart Inc. operating income increased from 2020 to 2021 and from 2021 to 2022.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Walmart Inc. income before income taxes increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Consolidated net income attributable to Walmart The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Walmart Inc. consolidated net income attributable to Walmart decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.