Walmart (WMT) FY2018 results: revenue $500.3 billion, up 3.0% on the year
Walmart Inc. (WMT) reported revenue of $500.3 billion for fiscal 2018, the year ended 31 January 2018, up 3.0% on the year before. Net income was $9.9 billion, down 27.7%, and diluted earnings per share $1.09. The figures are the company's own, from the 10-K it filed with the SEC on 30 March 2018.
Revenue
$500.3 billion
+3.0% on the year
FY2011FY2018
Operating margin
4.1%
4.7% a year earlier
FY2011FY2018
Net income
$9.9 billion
-27.7% on the year
FY2011FY2018
Diluted EPS
$1.09
-25.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
500,343
485,873
482,130
+3.0%
Cost of revenue
373,396
361,256
360,984
+3.4%
Gross profit
126,947
124,617
121,146
+1.9%
Gross margin
25.4%
25.6%
25.1%
Selling, general and administrative
106,510
101,853
97,041
+4.6%
Operating income
20,437
22,764
24,105
-10.2%
Operating margin
4.1%
4.7%
5.0%
Interest expense
1,978
2,044
2,027
-3.2%
Pre-tax income
15,123
20,497
21,638
-26.2%
Income tax
4,600
6,204
6,558
-25.9%
Effective tax rate
30.4%
30.3%
30.3%
Net income
9,862
13,643
14,694
-27.7%
Net margin
2.0%
2.8%
3.0%
Diluted EPS
$1.09
$1.46
$1.52
-25.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
28,337
31,673
27,552
-10.5%
Capital expenditure
10,051
10,619
11,477
-5.3%
Free cash flow
18,286
21,054
16,075
-13.1%
Free cash flow margin
3.7%
4.3%
3.3%
Cash from investing
-9,079
-13,896
-10,675
Cash from financing
-19,875
-19,072
-16,285
Depreciation and amortisation
10,529
10,080
9,454
+4.5%
Share-based compensation
626
596
448
+5.0%
Buybacks
8,296
8,298
4,112
-0.0%
Dividends paid
6,124
6,216
6,294
-1.5%
Dividend per share
$0.68
$0.67
$0.65
+2.0%
Diluted shares, weighted
9,030m
9,336m
9,651m
-3.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
77,869
77,798
80,546
+0.1%
Non-controlling interest
2,953
2,737
3,065
+7.9%
Debt
39,040
39,370
43,667
-0.8%
Other liabilities
84,660
78,920
72,303
+7.3%
Total liabilities and equity
204,522
198,825
199,581
+2.9%
Fixed assets
107,675
107,710
110,171
-0.0%
Goodwill
18,242
17,037
16,695
+7.1%
Cash and equivalents
6,756
6,867
8,705
-1.6%
Receivables
5,614
5,835
5,624
-3.8%
Inventory
43,783
43,046
44,469
+1.7%
Other assets
22,452
18,330
13,917
+22.5%
Total assets
204,522
198,825
199,581
+2.9%
10-K for the year ended 31 January 2018, filed 30 March 2018: the filing.