Walmart (WMT) FY2017 results: revenue $485.9 billion, up 0.8% on the year
Walmart Inc. (WMT) reported revenue of $485.9 billion for fiscal 2017, the year ended 31 January 2017, up 0.8% on the year before. Net income was $13.6 billion, down 7.2%, and diluted earnings per share $1.46. The figures are the company's own, from the 10-K it filed with the SEC on 31 March 2017.
Revenue
$485.9 billion
+0.8% on the year
FY2010FY2017
Operating margin
4.7%
5.0% a year earlier
FY2010FY2017
Net income
$13.6 billion
-7.2% on the year
FY2010FY2017
Diluted EPS
$1.46
-4.2% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
485,873
482,130
485,651
+0.8%
Cost of revenue
361,256
360,984
365,086
+0.1%
Gross profit
124,617
121,146
120,565
+2.9%
Gross margin
25.6%
25.1%
24.8%
Selling, general and administrative
101,853
97,041
93,418
+5.0%
Operating income
22,764
24,105
27,147
-5.6%
Operating margin
4.7%
5.0%
5.6%
Interest expense
2,044
2,027
2,161
+0.8%
Pre-tax income
20,497
21,638
24,799
-5.3%
Income tax
6,204
6,558
7,985
-5.4%
Effective tax rate
30.3%
30.3%
32.2%
Net income
13,643
14,694
16,363
-7.2%
Net margin
2.8%
3.0%
3.4%
Diluted EPS
$1.46
$1.52
$1.68
-4.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
31,673
27,552
28,564
+15.0%
Capital expenditure
10,619
11,477
12,174
-7.5%
Free cash flow
21,054
16,075
16,390
+31.0%
Free cash flow margin
4.3%
3.3%
3.4%
Cash from investing
-13,896
-10,675
-11,125
Cash from financing
-19,072
-16,285
-15,071
Depreciation and amortisation
10,080
9,454
9,173
+6.6%
Share-based compensation
596
448
462
+33.0%
Buybacks
8,298
4,112
1,015
+101.8%
Dividends paid
6,216
6,294
6,185
-1.2%
Dividend per share
$0.67
$0.65
$0.64
+2.1%
Diluted shares, weighted
9,336m
9,651m
9,729m
-3.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
77,798
80,546
81,394
-3.4%
Non-controlling interest
2,737
3,065
4,543
-10.7%
Redeemable equity
n/a
n/a
0.0
Debt
39,370
43,667
47,272
-9.8%
Other liabilities
78,920
72,303
70,497
+9.2%
Total liabilities and equity
198,825
199,581
203,706
-0.4%
Fixed assets
107,710
110,171
114,280
-2.2%
Goodwill
17,037
16,695
18,102
+2.0%
Cash and equivalents
6,867
8,705
9,135
-21.1%
Receivables
5,835
5,624
6,778
+3.8%
Inventory
43,046
44,469
45,141
-3.2%
Other assets
18,330
13,917
10,270
+31.7%
Total assets
198,825
199,581
203,706
-0.4%
10-K for the year ended 31 January 2017, filed 31 March 2017: the filing.