Accounting You will need to perform BOTH rate of change analysis AND common size analysis Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions 12 Months Ended Jan. 31, 2021 Jan. 31, 2020 Jan. 31, 2019 Revenues: Net sales $ 555,233 $ 519,926 $ 510,329 Membership and other income 3,918 4,038 4,076 Total revenues 559,151 523,964 514,405 Costs and expenses: Cost of sales 420,315 394,605 385,301 Operating, selling, general and administrative expenses 116,288 108,791 107,147 Operating income 22,548 20,568 21,957 Interest: Debt 1,976 2,262 1,975 Finance, capital lease and financing obligations 339 337 371 Interest income (121) (189) (217) Interest, net 2,194 2,410 2,129 Other (gains) and losses (210) (1,958) 8,368 Income before income taxes 20,564 20,116 11,460 Provision for income taxes 6,858 4,915 4,281 Consolidated net income 13,706 15,201 7,179 Consolidated net income attributable to noncontrolling interest (196) (320) (509) Consolidated net income attributable to Walmart $ 13,510 $ 14,881 $ 6,670 Net income per common share: Basic net income per common share attributable to Walmart (in USD per share) $ 4.77 $ 5.22 $ 2.28 Diluted net income per common share attributable to Walmart (in USD per share) $ 4.75 $ 5.19 $ 2.26 Weighted-average common shares outstanding: Basic (in shares) 2,831 2,850 2,929 Diluted (in shares) 2,847 2,868 2,945 Dividends declared per common share (in USD per share) $ 2.16 $ 2.12 $ 2.08

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 74E

You will need to perform BOTH rate of change analysis AND common size analysis

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2019
Revenues:
Net sales	$ 555,233	$ 519,926	$ 510,329
Membership and other income	3,918	4,038	4,076
Total revenues	559,151	523,964	514,405
Costs and expenses:
Cost of sales	420,315	394,605	385,301
Operating, selling, general and administrative expenses	116,288	108,791	107,147
Operating income	22,548	20,568	21,957
Interest:
Debt	1,976	2,262	1,975
Finance, capital lease and financing obligations	339	337	371
Interest income	(121)	(189)	(217)
Interest, net	2,194	2,410	2,129
Other (gains) and losses	(210)	(1,958)	8,368
Income before income taxes	20,564	20,116	11,460
Provision for income taxes	6,858	4,915	4,281
Consolidated net income	13,706	15,201	7,179
Consolidated net income attributable to noncontrolling interest	(196)	(320)	(509)
Consolidated net income attributable to Walmart	$ 13,510	$ 14,881	$ 6,670
Net income per common share:
Basic net income per common share attributable to Walmart (in USD per share)	$ 4.77	$ 5.22	$ 2.28
Diluted net income per common share attributable to Walmart (in USD per share)	$ 4.75	$ 5.19	$ 2.26
Weighted-average common shares outstanding:
Basic (in shares)	2,831	2,850	2,929
Diluted (in shares)	2,847	2,868	2,945
Dividends declared per common share (in USD per share)	$ 2.16	$ 2.12	$ 2.08