Stock Analysis on Net
Stock Analysis on Net
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Walmart Inc. (NYSE:WMT)

Income Statement

Beginner level

The income statement presents information on the financial results of a company’s 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

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12 months ended: Jan 31, 2020 Jan 31, 2019 Jan 31, 2018 Jan 31, 2017 Jan 31, 2016 Jan 31, 2015
Net sales 519,926  510,329  495,761  481,317  478,614  482,229 
Cost of sales (394,605) (385,301) (373,396) (361,256) (360,984) (365,086)
Gross profit 125,321  125,028  122,365  120,061  117,630  117,143 
Membership and other income 4,038  4,076  4,582  4,556  3,516  3,422 
Operating, selling, general and administrative expenses (108,791) (107,147) (106,510) (101,853) (97,041) (93,418)
Operating income 20,568  21,957  20,437  22,764  24,105  27,147 
Interest expense, debt, capital lease and financing obligations (2,599) (2,346) (2,330) (2,367) (2,548) (2,461)
Interest income 189  217  152  100  81  113 
Interest, net (2,410) (2,129) (2,178) (2,267) (2,467) (2,348)
Loss on extinguishment of debt —  —  (3,136) —  —  — 
Other gains and (losses) 1,958  (8,368) —  —  —  — 
Income from continuing operations before income taxes 20,116  11,460  15,123  20,497  21,638  24,799 
Provision for income taxes (4,915) (4,281) (4,600) (6,204) (6,558) (7,985)
Income from continuing operations 15,201  7,179  10,523  14,293  15,080  16,814 
Income from discontinued operations, net of income taxes —  —  —  —  —  285 
Consolidated net income 15,201  7,179  10,523  14,293  15,080  17,099 
Consolidated net income attributable to noncontrolling interest (320) (509) (661) (650) (386) (736)
Consolidated net income attributable to Walmart 14,881  6,670  9,862  13,643  14,694  16,363 

Based on: 10-K (filing date: 2020-03-20), 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).

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.’s net sales increased from 2018 to 2019 and from 2019 to 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. Walmart Inc.’s operating income increased from 2018 to 2019 but then slightly decreased from 2019 to 2020 not reaching 2018 level.
Income from continuing operations 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.’s income from continuing operations before income taxes decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
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.’s consolidated net income attributable to Walmart decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.