Walmart Inc. (WMT)

Income Statement

Difficulty: Beginner

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

USD $ in millions

	12 months ended	Jan 31, 2019		Jan 31, 2018		Jan 31, 2017		Jan 31, 2016		Jan 31, 2015		Jan 31, 2014
	Net sales
	Cost of sales
	Gross profit
	Membership and other income
	Operating, selling, general and administrative expenses
	Operating income
	Interest expense, debt, capital lease and financing obligations
	Interest income
	Interest, net
	Loss on extinguishment of debt
	Other gains and (losses)
	Income from continuing operations before income taxes
	Provision for income taxes
	Income from continuing operations
	Income from discontinued operations, net of income taxes
	Consolidated net income
	Consolidated net income attributable to noncontrolling interest
	Consolidated net income attributable to Walmart

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).

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 2017 to 2018 and from 2018 to 2019.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Walmart Inc.’s operating income declined from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 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 declined from 2017 to 2018 and from 2018 to 2019.
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 declined from 2017 to 2018 and from 2018 to 2019.

	Walmart Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality