Walmart (WMT) FY2012 results: revenue $446.9 billion, up 6.0% on the year
Walmart Inc. (WMT) reported revenue of $446.9 billion for fiscal 2012, the year ended 31 January 2012, up 6.0% on the year before. Net income was $15.7 billion, down 4.2%, and diluted earnings per share $1.51. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2012.
Revenue
$446.9 billion
+6.0% on the year
FY2008FY2012
Operating margin
5.9%
6.1% a year earlier
FY2008FY2012
Net income
$15.7 billion
-4.2% on the year
FY2008FY2012
Diluted EPS
$1.51
+1.1% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
446,950
421,849
408,214
+6.0%
Cost of revenue
335,127
315,287
304,657
+6.3%
Gross profit
111,823
106,562
103,557
+4.9%
Gross margin
25.0%
25.3%
25.4%
Selling, general and administrative
85,025
81,361
79,977
+4.5%
Operating income
26,491
25,542
24,002
+3.7%
Operating margin
5.9%
6.1%
5.9%
Interest expense
2,034
1,928
1,787
+5.5%
Pre-tax income
24,332
23,538
22,118
+3.4%
Income tax
7,924
7,579
7,156
+4.6%
Effective tax rate
32.6%
32.2%
32.4%
Net income
15,699
16,389
14,370
-4.2%
Net margin
3.5%
3.9%
3.5%
Diluted EPS
$1.51
$1.49
$1.23
+1.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
24,255
23,643
26,249
+2.6%
Capital expenditure
13,510
12,699
12,184
+6.4%
Free cash flow
10,745
10,944
14,065
-1.8%
Free cash flow margin
2.4%
2.6%
3.4%
Cash from investing
-16,609
-12,193
-11,620
Cash from financing
-8,458
-12,028
-14,191
Depreciation and amortisation
8,130
7,641
7,157
+6.4%
Share-based compensation
355
371
n/a
-4.3%
Buybacks
6,298
14,776
7,276
-57.4%
Dividends paid
5,048
4,437
4,217
+13.8%
Dividend per share
$0.49
$0.40
$0.36
+20.7%
Diluted shares, weighted
10,422m
11,010m
11,631m
-5.3%
Shares outstanding at period end
10,254m
10,548m
11,358m
-2.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
71,315
68,542
70,468
+4.0%
Non-controlling interest
4,446
2,705
2,180
+64.4%
Redeemable equity
404
408
n/a
-1.0%
Short-term borrowings
n/a
n/a
523
Debt
50,092
46,378
37,281
+8.0%
Other liabilities
67,149
62,630
60,254
+7.2%
Total liabilities and equity
193,406
180,663
170,706
+7.1%
Fixed assets
109,603
105,098
99,544
+4.3%
Goodwill
20,651
16,763
16,126
+23.2%
Cash and equivalents
6,550
7,395
7,907
-11.4%
Receivables
5,937
5,089
4,144
+16.7%
Inventory
40,714
36,437
32,713
+11.7%
Other assets
9,951
9,881
10,272
+0.7%
Total assets
193,406
180,663
170,706
+7.1%
10-K for the year ended 31 January 2012, filed 27 March 2012: the filing.