Solved by verified expert :Wal-Mart Stores, Inc
Consolidated Statement of Income
(Amounts in millions except per share data)
Fiscal Years Ended January 31,
2011
2010
As Adjusted
2009
As Adjusted
Revenues:
Net sales
$
418,952
$
405,132
$
401,087
Membership and other
income
2,897
2,953
3,167
421,849
408,085
404,254
Costs and expenses:
Cost of sales
315,287
304,444
303,941
Operating, selling,
general and administrative expenses
81,020
79,639
77,546
Operating income
25,542
24,002
22,767
Interest:
Debt
1,928
1,787
1,896
Capital leases
277
278
288
Interest income
(201
)
(181
)
(284
)
Interest, net
2,004
1,884
1,900
Income from continuing
operations before income taxes
23,538
22,118
20,867
Provision for income
taxes:
Current
6,703
7,643
6,564
Deferred
876
(487
)
569
7,579
7,156
7,133
Income from continuing
operations
15,959
14,962
13,734
Income (loss) from
discontinued operations, net of tax
1,034
(79
)
146
Consolidated net income
16,993
14,883
13,880
Less consolidated net
income attributable to noncontrolling interest
(604
)
(513
)
(499
)
Consolidated net income
attributable to Walmart
$
16,389
$
14,370
$
13,381
Basic net income per
common share:
Basic income per common
share from continuing operations attributable to Walmart
$
4.20
$
3.74
$
3.36
Basic income (loss) per
common share from discontinued operations attributable to Walmart
0.28
(0.02
)
0.04
Basic net income per
common share attributable to Walmart
$
4.48
$
3.72
$
3.40
Diluted net income per
common share:
Diluted income per common
share from continuing operations attributable to Walmart
$
4.18
$
3.73
$
3.35
Diluted income (loss) per
common share from discontinued operations attributable to Walmart
0.29
(0.02
)
0.04
Diluted net income per
common share attributable to Walmart
$
4.47
$
3.71
$
3.39
Weighted-average number of
common shares:
Basic
3,656
3,866
3,939
Diluted
3,670
3,877
3,951
Dividends declared per
common share
$
1.21
$
1.09
$
0.95
