Walmart (WMT) FY2013 results: revenue $469.2 billion, up 5.0% on the year
Walmart Inc. (WMT) reported revenue of $469.2 billion for fiscal 2013, the year ended 31 January 2013, up 5.0% on the year before. Net income was $17.0 billion, up 8.3%, and diluted earnings per share $1.67. The figures are the company's own, from the 10-K it filed with the SEC on 26 March 2013.
Revenue
$469.2 billion
+5.0% on the year
FY2008FY2013
Operating margin
5.9%
5.9% a year earlier
FY2008FY2013
Net income
$17.0 billion
+8.3% on the year
FY2008FY2013
Diluted EPS
$1.67
+11.1% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
469,162
446,950
421,849
+5.0%
Cost of revenue
352,488
335,127
315,287
+5.2%
Gross profit
116,674
111,823
106,562
+4.3%
Gross margin
24.9%
25.0%
25.3%
Selling, general and administrative
88,629
85,025
81,361
+4.2%
Operating income
27,725
26,491
25,542
+4.7%
Operating margin
5.9%
5.9%
6.1%
Interest expense
1,977
2,034
1,928
-2.8%
Pre-tax income
25,662
24,332
23,538
+5.5%
Income tax
7,958
7,924
7,579
+0.4%
Effective tax rate
31.0%
32.6%
32.2%
Net income
16,999
15,699
16,389
+8.3%
Net margin
3.6%
3.5%
3.9%
Diluted EPS
$1.67
$1.51
$1.49
+11.1%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
25,591
24,255
23,643
+5.5%
Capital expenditure
12,898
13,510
12,699
-4.5%
Free cash flow
12,693
10,745
10,944
+18.1%
Free cash flow margin
2.7%
2.4%
2.6%
Cash from investing
-12,637
-16,609
-12,193
Cash from financing
-11,946
-8,458
-12,028
Depreciation and amortisation
8,478
8,130
7,641
+4.3%
Share-based compensation
378
355
371
+6.5%
Buybacks
7,600
6,298
14,776
+20.7%
Dividends paid
5,361
5,048
4,437
+6.2%
Dividend per share
$0.53
$0.49
$0.40
+8.9%
Diluted shares, weighted
10,167m
10,422m
11,010m
-2.4%
Shares outstanding at period end
n/a
10,254m
10,548m
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
76,343
71,315
68,542
+7.1%
Non-controlling interest
5,395
4,446
2,705
+21.3%
Redeemable equity
519
404
408
+28.5%
Debt
50,786
50,092
46,378
+1.4%
Other liabilities
70,062
67,149
62,630
+4.3%
Total liabilities and equity
203,105
193,406
180,663
+5.0%
Fixed assets
113,929
109,603
105,098
+3.9%
Goodwill
20,497
20,651
16,763
-0.7%
Cash and equivalents
7,781
6,550
7,395
+18.8%
Receivables
6,768
5,937
5,089
+14.0%
Inventory
43,803
40,714
36,437
+7.6%
Other assets
10,327
9,951
9,881
+3.8%
Total assets
203,105
193,406
180,663
+5.0%
10-K for the year ended 31 January 2013, filed 26 March 2013: the filing.