Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Paying user area
Try for free
Walmart Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Walmart Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Walmart Inc., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-10-31), 10-Q (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).
- Net Income Trends
- The consolidated net income exhibits considerable volatility across the reviewed quarters. Notable is a sharp decline in the quarter ending January 31, 2021, where the company reported a significant loss of 2,008 million USD, following relatively stable positive earnings. Subsequently, net income recovers, showing peaks such as 8,053 million USD by July 31, 2023, but also intermittent downturns including negative results around October 31, 2022. Overall, the net income pattern suggests episodic fluctuations possibly influenced by external or operational disruptions.
- Depreciation and Amortization
- Depreciation and amortization expenses reveal a gradual but consistent increase over time. Values rose from approximately 2,714 million USD in early 2019 to around 3,606 million USD by the last quarter available, indicating ongoing investment in long-term assets or acquisitions that contribute to asset base growth or capital expenditures.
- Investment Gains and Losses
- This item reflects significant volatility without a clear directional trend, with pronounced gains and losses occurring sporadically. There are instances of considerable losses around mid-2020 followed by large gains in mid-2021 and fluctuations thereafter, reflecting possibly varied outcomes from investment activities and market conditions.
- Disposal of Business Operations
- Gains from disposal of business operations are generally reported only intermittently, with a conspicuously large gain in the quarter ending January 31, 2021, reaching 7,373 million USD. This spike suggests a major divestiture occurred during this period, affecting the overall financial performance.
- Operating Cash Flows
- Net cash provided by operating activities shows strong seasonality and variability, with peaks typically seen in the first quarter of each year. There is an upward movement in peak values over the years, reaching upwards of 16,712 million USD by April 2023, demonstrating improving operational cash generation capability amidst fluctuating income levels.
- Investing Activities
- Net cash used in investing activities consistently reflects cash outflows each quarter, generally attributed to ongoing payments for property and equipment that have increased over time, from roughly 2,205 million USD in early 2019 to more than 7,218 million USD in late 2025. This indicates sustained capital expenditures supporting growth or maintenance of fixed assets.
- Financing Activities
- Net cash flows from financing activities display considerable variability, with periods of both cash inflows and outflows. Noteworthy is the issuance of long-term debt in some quarters offsetting repayments in others, as well as fluctuating levels of stock repurchases and dividends paid consistently around 1,500 to 1,800 million USD quarterly. The financing pattern suggests active capital structure management balancing debt, equity, and dividend policies over time.
- Working Capital Components
- Key working capital elements like receivables, inventories, accounts payable, and accrued liabilities exhibit significant quarter-to-quarter fluctuations, without establishing a stable trend. These variations imply dynamic inventory management, credit policies, and supplier or creditor relationships, which may be responsive to operational cycles or market conditions.
- Other Significant Observations
- There are occasional large one-time items such as the loss on extinguishment of debt and significant movements in deferred income taxes, reflecting financial restructuring impacts and tax-related adjustments. Additionally, cash flows related to acquisitions and disposals introduce variability in investing and financing cash flows, highlighting ongoing portfolio management activities.
- Summary
- Overall, the financial data depict a company with robust but volatile earnings and operational cash flows, undertaking continuous reinvestment and active capital restructuring. The fluctuations in net income and other financial indicators correspond with notable events such as disposals, acquisitions, and debt management actions. The sustained increase in depreciation and capital expenditures aligns with ongoing asset base expansion or modernization. The working capital amounts vary significantly, likely influenced by operational changes and market conditions. The company's financial management appears adaptive to changing circumstances with a focus on maintaining liquidity and investing in long-term growth.