Walmart (WMT) FY2016 results: revenue $482.1 billion, down 0.7% on the year
Walmart Inc. (WMT) reported revenue of $482.1 billion for fiscal 2016, the year ended 31 January 2016, down 0.7% on the year before. Net income was $14.7 billion, down 10.2%, and diluted earnings per share $1.52. The figures are the company's own, from the 10-K it filed with the SEC on 30 March 2016.
Revenue
$482.1 billion
-0.7% on the year
FY2009FY2016
Operating margin
5.0%
5.6% a year earlier
FY2009FY2016
Net income
$14.7 billion
-10.2% on the year
FY2009FY2016
Diluted EPS
$1.52
-9.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
482,130
485,651
476,294
-0.7%
Cost of revenue
360,984
365,086
358,069
-1.1%
Gross profit
121,146
120,565
118,225
+0.5%
Gross margin
25.1%
24.8%
24.8%
Selling, general and administrative
97,041
93,418
91,353
+3.9%
Operating income
24,105
27,147
26,872
-11.2%
Operating margin
5.0%
5.6%
5.6%
Interest expense
2,027
2,161
2,072
-6.2%
Pre-tax income
21,638
24,799
24,656
-12.7%
Income tax
6,558
7,985
8,105
-17.9%
Effective tax rate
30.3%
32.2%
32.9%
Net income
14,694
16,363
16,022
-10.2%
Net margin
3.0%
3.4%
3.4%
Diluted EPS
$1.52
$1.68
$1.63
-9.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
27,552
28,564
23,257
-3.5%
Capital expenditure
11,477
12,174
13,115
-5.7%
Free cash flow
16,075
16,390
10,142
-1.9%
Free cash flow margin
3.3%
3.4%
2.1%
Cash from investing
-10,675
-11,125
-12,526
Cash from financing
-16,285
-15,071
-10,789
Depreciation and amortisation
9,454
9,173
8,870
+3.1%
Share-based compensation
448
462
388
-3.0%
Buybacks
4,112
1,015
6,683
+305.1%
Dividends paid
6,294
6,185
6,139
+1.8%
Dividend per share
$0.65
$0.64
$0.63
+2.1%
Diluted shares, weighted
9,651m
9,729m
9,849m
-0.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
80,546
81,394
76,255
-1.0%
Non-controlling interest
3,065
4,543
5,084
-32.5%
Redeemable equity
n/a
0.0
1,491
Debt
43,667
47,272
53,544
-7.6%
Other liabilities
72,303
70,497
68,377
+2.6%
Total liabilities and equity
199,581
203,706
204,751
-2.0%
Fixed assets
110,171
114,280
115,364
-3.6%
Goodwill
16,695
18,102
19,510
-7.8%
Cash and equivalents
8,705
9,135
7,281
-4.7%
Receivables
5,624
6,778
6,677
-17.0%
Inventory
44,469
45,141
44,858
-1.5%
Other assets
13,917
10,270
11,061
+35.5%
Total assets
199,581
203,706
204,751
-2.0%
10-K for the year ended 31 January 2016, filed 30 March 2016: the filing.