Walmart (WMT) FY2015 results: revenue $485.7 billion, up 2.0% on the year
Walmart Inc. (WMT) reported revenue of $485.7 billion for fiscal 2015, the year ended 31 January 2015, up 2.0% on the year before. Net income was $16.4 billion, up 2.1%, and diluted earnings per share $1.68. The figures are the company's own, from the 10-K it filed with the SEC on 1 April 2015.
Revenue
$485.7 billion
+2.0% on the year
FY2008FY2015
Operating margin
5.6%
5.6% a year earlier
FY2008FY2015
Net income
$16.4 billion
+2.1% on the year
FY2008FY2015
Diluted EPS
$1.68
+3.5% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
485,651
476,294
469,162
+2.0%
Cost of revenue
365,086
358,069
352,488
+2.0%
Gross profit
120,565
118,225
116,674
+2.0%
Gross margin
24.8%
24.8%
24.9%
Selling, general and administrative
93,418
91,353
88,629
+2.3%
Operating income
27,147
26,872
27,725
+1.0%
Operating margin
5.6%
5.6%
5.9%
Interest expense
2,161
2,072
1,977
+4.3%
Pre-tax income
24,799
24,656
25,662
+0.6%
Income tax
7,985
8,105
7,958
-1.5%
Effective tax rate
32.2%
32.9%
31.0%
Net income
16,363
16,022
16,999
+2.1%
Net margin
3.4%
3.4%
3.6%
Diluted EPS
$1.68
$1.63
$1.67
+3.5%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
28,564
23,257
25,591
+22.8%
Capital expenditure
12,174
13,115
12,898
-7.2%
Free cash flow
16,390
10,142
12,693
+61.6%
Free cash flow margin
3.4%
2.1%
2.7%
Cash from investing
-11,125
-12,526
-12,637
Cash from financing
-15,071
-10,789
-11,946
Depreciation and amortisation
9,173
8,870
8,478
+3.4%
Share-based compensation
462
388
378
+19.1%
Buybacks
1,015
6,683
7,600
-84.8%
Dividends paid
6,185
6,139
5,361
+0.7%
Dividend per share
$0.64
$0.63
$0.53
+2.1%
Diluted shares, weighted
9,729m
9,849m
10,167m
-1.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
81,394
76,255
76,343
+6.7%
Non-controlling interest
4,543
5,084
5,395
-10.6%
Redeemable equity
0.0
1,491
519
Debt
47,272
53,544
50,786
-11.7%
Other liabilities
70,497
68,377
70,062
+3.1%
Total liabilities and equity
203,706
204,751
203,105
-0.5%
Fixed assets
114,280
115,364
113,929
-0.9%
Goodwill
18,102
19,510
20,497
-7.2%
Cash and equivalents
9,135
7,281
7,781
+25.5%
Receivables
6,778
6,677
6,768
+1.5%
Inventory
45,141
44,858
43,803
+0.6%
Other assets
10,270
11,061
10,327
-7.2%
Total assets
203,706
204,751
203,105
-0.5%
10-K for the year ended 31 January 2015, filed 1 April 2015: the filing.