Walmart(NYSE:WMT) 
Walmart Inc. engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores; ...
Website: http://www.stock.walmart.com
Founded: 1962
Full Time Employees: 2,300,000 (Dec 2022)
CEO: Doug McMillon
Sector: Consumer Defensive
Industry: Discount Stores
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At a glance:
- Global Retail Dominance and Scale: Walmart remains the world's largest retailer by revenue, leveraging its extensive physical store footprint and robust supply chain to offer competitive pricing and broad product selection across numerous international markets.
- Accelerating Omnichannel and E-commerce Growth: The company is heavily investing in and successfully executing an omnichannel strategy, integrating its vast store network with a rapidly expanding e-commerce presence (including Walmart+ and international platforms like Flipkart) to meet evolving consumer shopping preferences.
- Focus on Value and Operational Efficiency: Walmart continues to prioritize its everyday low price (EDLP) strategy, supported by ongoing improvements in supply chain management, automation, and inventory optimization to drive efficiency and maintain its competitive edge amidst inflationary pressures.
- Diversifying into New Growth Verticals: Beyond traditional retail, Walmart is expanding into areas like advertising (Walmart Connect), healthcare (Walmart Health), and financial services, aiming to create new revenue streams and enhance customer loyalty within its ecosystem.
Bull Thesis:
- Robust E-commerce Growth & Omnichannel Strategy: Walmart's continued investment in its e-commerce platform, curbside pickup, and delivery services is driving strong online sales growth and enhancing customer convenience, effectively expanding its market reach beyond traditional brick-and-mortar stores.
- Strong Value Proposition in Inflationary Environment: As consumers face persistent inflation, Walmart's 'Everyday Low Prices' strategy positions it as a primary destination for value-conscious shoppers, driving increased traffic and sales in essential categories and potentially capturing market share from higher-priced competitors.
- Expansion of High-Margin Advertising Business (Walmart Connect): Walmart Connect, the company's retail media network, is leveraging its vast customer data and store footprint to build a significant, high-margin advertising business. This diversifies revenue streams and offers a profitable growth avenue beyond traditional retail sales.
- Unmatched Supply Chain Efficiency and Scale: Walmart's unparalleled scale and decades of expertise in supply chain management provide a significant competitive advantage. This allows for superior cost efficiencies, effective inventory management, and resilience against disruptions, translating to better pricing and availability for customers.
Bear Thesis:
- Intense Competition & Margin Pressure: Walmart faces fierce competition across all segments from Amazon, Target, dollar stores, and traditional grocers. This intense rivalry often leads to pricing pressure and promotional activities that can compress profit margins, especially in key categories.
- Rising Labor Costs and Wage Inflation: Increasing minimum wage requirements, a tight labor market, and general wage inflation are driving up labor costs significantly. Given Walmart's massive workforce, these rising expenses could put substantial pressure on operating margins and overall profitability.
- Impact of Shrink and Organized Retail Crime: A persistent rise in retail theft, including organized retail crime (shrink), is forcing Walmart to increase security spending and absorb significant losses. This directly impacts the company's bottom line and can lead to higher operational costs and potentially higher prices for consumers.
- Vulnerability of Discretionary Categories in Economic Downturn: While essential groceries remain a strong segment, a significant portion of Walmart's sales comes from higher-margin discretionary items (e.g., electronics, apparel, home goods). A prolonged economic slowdown or recession could lead to reduced consumer spending in these areas, impacting overall profitability.
Main Competitors:
- Amazon ($AMZN) (Amazon.com, Amazon Prime, Whole Foods Market), Amazon is Walmart's primary competitor in e-commerce, offering a vast selection of products, competitive pricing, and rapid delivery through its Prime membership. It also competes directly in groceries with Whole Foods and Amazon Fresh, challenging Walmart's physical and online grocery presence.
- Target ($TGT) (Target stores, Target.com), Target competes with Walmart as a general merchandise discount retailer, offering a wide range of products including apparel, home goods, electronics, and groceries. Target often differentiates itself with a focus on design, curated product assortments, and a slightly more upscale shopping experience, while still maintaining competitive pricing.
- Costco Wholesale ($COST) (Costco warehouses, Costco.com), Costco competes by offering bulk quantities of groceries and general merchandise at highly competitive prices through a membership-based warehouse model. It targets value-conscious consumers and small businesses, directly challenging Walmart's low-price strategy, particularly for staple goods and larger purchases.
- The Kroger Co. ($KR) (Kroger, Fred Meyer, King Soopers, various grocery banners), Kroger is a major competitor in the grocery sector, which constitutes a significant portion of Walmart's revenue. Kroger competes on price, freshness, private label brands, and convenience through its extensive network of supermarkets, offering a strong alternative for consumers' everyday food and household needs.
- Dollar General ($DG) (Dollar General stores), Dollar General competes with Walmart by offering extreme discount pricing on everyday essentials, food, and household goods, often in smaller format stores located in rural or underserved areas. It focuses on convenience and value for budget-conscious consumers, directly challenging Walmart's low-price leadership in specific product categories and geographies.
Moat:
Walmart's primary competitive advantage (moat) stems from its unparalleled scale, highly efficient supply chain, extensive physical footprint (especially its Supercenters), and a relentless focus on 'Everyday Low Prices.' This allows it to achieve economies of scale and purchasing power that are difficult for most competitors to match. However, it faces intense competition across multiple fronts: from Amazon in e-commerce and digital convenience; from Target in general merchandise with a focus on design and a curated experience; from warehouse clubs like Costco for bulk purchases; and from traditional grocery chains like Kroger for food and fresh produce. Additionally, dollar stores like Dollar General compete on extreme value and local convenience in specific markets. The competitive landscape requires Walmart to continuously innovate in omnichannel retail, supply chain optimization, and customer experience to defend its market leadership.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2016-10-31 | 2016-07-31 | 2016-04-30 | 2015-10-31 | 2015-07-31 | 2015-04-30 | 2015-01-31 | 2014-10-31 | 2014-07-31 | 2014-04-30 | 2013-10-31 | 2013-07-31 | 2013-04-30 | 2013-01-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||
net sales | 177,769,000,000 | 175,750,000,000 | 163,981,000,000 | 178,830,000,000 | 168,003,000,000 | 167,767,000,000 | 159,938,000,000 | 171,914,000,000 | 159,439,000,000 | 160,280,000,000 | 151,004,000,000 | 162,743,000,000 | 151,469,000,000 | 151,381,000,000 | 140,288,000,000 | 151,525,000,000 | 139,207,000,000 | 139,871,000,000 | 137,159,000,000 | 150,985,000,000 | 133,752,000,000 | 136,824,000,000 | 133,672,000,000 | 140,608,000,000 | 126,981,000,000 | 129,388,000,000 | 122,949,000,000 | 137,743,000,000 | 123,897,000,000 | 127,059,000,000 | 121,630,000,000 | 135,150,000,000 | 122,136,000,000 | 121,949,000,000 | 116,526,000,000 | 117,176,000,000 | 119,405,000,000 | 114,986,000,000 | 116,598,000,000 | 119,330,000,000 | 114,002,000,000 | 130,650,000,000 | 118,076,000,000 | 119,336,000,000 | 114,167,000,000 | 114,876,000,000 | 116,216,000,000 | 113,429,000,000 | |
yoy | 5.81% | 4.76% | 2.53% | 4.02% | 5.37% | 4.67% | 5.92% | 5.64% | 5.26% | 5.88% | 7.64% | 7.40% | 8.81% | 8.23% | 2.28% | 0.36% | 4.08% | 2.23% | 2.61% | 7.38% | 5.33% | 5.75% | 8.72% | 2.08% | 2.49% | 1.83% | 1.08% | 1.92% | 1.44% | 4.19% | 4.38% | 15.34% | 2.29% | 6.06% | -0.06% | -1.81% | 4.74% | -11.99% | -1.25% | -0.01% | -0.14% | 13.73% | 1.60% | 5.21% | |||||
qoq | 1.15% | 7.18% | -8.30% | 6.44% | 0.14% | 4.90% | -6.97% | 7.82% | -0.52% | 6.14% | -7.21% | 7.44% | 0.06% | 7.91% | -7.42% | 8.85% | -0.47% | 1.98% | -9.16% | 12.88% | -2.25% | 2.36% | -4.93% | 10.73% | -1.86% | 5.24% | -10.74% | 11.18% | -2.49% | 4.46% | -10.00% | 10.66% | 0.15% | 4.65% | -0.55% | -1.87% | 3.84% | -1.38% | -2.29% | 4.67% | -12.74% | 10.65% | -1.06% | 4.53% | -0.62% | -1.15% | 2.46% | ||
membership and other income | 1,727,000,000 | 1,652,000,000 | 1,628,000,000 | 1,724,000,000 | 1,585,000,000 | 1,568,000,000 | 1,570,000,000 | 1,474,000,000 | 1,365,000,000 | 1,352,000,000 | 1,297,000,000 | 1,305,000,000 | 1,344,000,000 | 1,478,000,000 | 1,281,000,000 | 1,346,000,000 | 1,318,000,000 | 1,177,000,000 | 1,151,000,000 | 1,094,000,000 | 956,000,000 | 918,000,000 | 950,000,000 | 1,063,000,000 | 1,010,000,000 | 989,000,000 | 976,000,000 | 1,050,000,000 | 997,000,000 | 969,000,000 | 1,060,000,000 | 1,117,000,000 | 1,043,000,000 | 1,406,000,000 | 1,016,000,000 | 1,003,000,000 | 1,449,000,000 | 918,000,000 | 810,000,000 | 899,000,000 | 824,000,000 | 915,000,000 | 925,000,000 | 789,000,000 | 793,000,000 | 812,000,000 | 729,000,000 | 758,000,000 | |
total revenues | 179,496,000,000 | 177,402,000,000 | 165,609,000,000 | 180,554,000,000 | 169,588,000,000 | 169,335,000,000 | 161,508,000,000 | 173,388,000,000 | 160,804,000,000 | 161,632,000,000 | 152,301,000,000 | 164,048,000,000 | 152,813,000,000 | 152,859,000,000 | 141,569,000,000 | 152,871,000,000 | 140,525,000,000 | 141,048,000,000 | 138,310,000,000 | 152,079,000,000 | 134,708,000,000 | 137,742,000,000 | 134,622,000,000 | 141,671,000,000 | 127,991,000,000 | 130,377,000,000 | 123,925,000,000 | 138,793,000,000 | 124,894,000,000 | 128,028,000,000 | 122,690,000,000 | 136,267,000,000 | 123,179,000,000 | 123,355,000,000 | 117,542,000,000 | 118,179,000,000 | 120,854,000,000 | 115,904,000,000 | 117,408,000,000 | 120,229,000,000 | 114,826,000,000 | 131,565,000,000 | 119,001,000,000 | 120,125,000,000 | 114,960,000,000 | 115,688,000,000 | 116,945,000,000 | 114,187,000,000 | |
costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 134,706,000,000 | 132,771,000,000 | 124,303,000,000 | 136,172,000,000 | 127,340,000,000 | 126,810,000,000 | 121,431,000,000 | 131,825,000,000 | 121,183,000,000 | 121,850,000,000 | 115,284,000,000 | 125,423,000,000 | 115,613,000,000 | 115,838,000,000 | 106,847,000,000 | 115,522,000,000 | 105,023,000,000 | 105,183,000,000 | 103,272,000,000 | 115,261,000,000 | 100,339,000,000 | 102,689,000,000 | 102,026,000,000 | 107,748,000,000 | 95,900,000,000 | 97,923,000,000 | 93,034,000,000 | 104,907,000,000 | 93,116,000,000 | 95,571,000,000 | 91,707,000,000 | 102,640,000,000 | 91,547,000,000 | 91,521,000,000 | 87,688,000,000 | 87,484,000,000 | 89,485,000,000 | 86,544,000,000 | 87,446,000,000 | 90,056,000,000 | 86,483,000,000 | 99,115,000,000 | 89,247,000,000 | 90,010,000,000 | 86,714,000,000 | 86,687,000,000 | 87,455,000,000 | 86,027,000,000 | |
gross profit | 43,063,000,000 | 42,979,000,000 | 39,678,000,000 | 42,658,000,000 | 40,663,000,000 | 40,957,000,000 | 38,507,000,000 | 40,089,000,000 | 38,256,000,000 | 38,430,000,000 | 35,720,000,000 | 37,320,000,000 | 35,856,000,000 | 35,543,000,000 | 33,441,000,000 | 36,003,000,000 | 34,184,000,000 | 34,688,000,000 | 33,887,000,000 | 35,724,000,000 | 33,413,000,000 | 34,135,000,000 | 31,646,000,000 | 32,860,000,000 | 31,081,000,000 | 31,465,000,000 | 29,915,000,000 | 32,836,000,000 | 30,781,000,000 | 31,488,000,000 | 29,923,000,000 | 32,510,000,000 | 30,589,000,000 | 30,428,000,000 | 28,838,000,000 | 29,692,000,000 | 29,920,000,000 | 28,442,000,000 | 29,152,000,000 | 29,274,000,000 | 27,519,000,000 | 31,535,000,000 | 28,829,000,000 | 29,326,000,000 | 27,453,000,000 | 28,189,000,000 | 28,761,000,000 | 27,402,000,000 | |
yoy | 5.90% | 4.94% | 3.04% | 6.41% | 6.29% | 6.58% | 7.80% | 7.42% | 6.69% | 8.12% | 6.81% | 3.66% | 4.89% | 2.46% | -1.32% | 0.78% | 2.31% | 1.62% | 7.08% | 8.72% | 7.50% | 8.49% | 5.79% | 0.07% | 0.97% | -0.07% | -0.03% | 1.00% | 0.63% | 3.48% | 3.76% | 9.49% | 2.24% | 6.98% | -1.08% | 1.43% | 8.72% | -9.81% | 1.12% | -0.18% | 0.24% | 11.87% | 0.24% | 7.02% | |||||
qoq | 0.20% | 8.32% | -6.99% | 4.91% | -0.72% | 6.36% | -3.95% | 4.79% | -0.45% | 7.59% | -4.29% | 4.08% | 0.88% | 6.29% | -7.12% | 5.32% | -1.45% | 2.36% | -5.14% | 6.92% | -2.12% | 7.87% | -3.69% | 5.72% | -1.22% | 5.18% | -8.90% | 6.68% | -2.25% | 5.23% | -7.96% | 6.28% | 0.53% | 5.51% | -2.88% | -0.76% | 5.20% | -2.44% | -0.42% | 6.38% | -12.74% | 9.39% | -1.69% | 6.82% | -2.61% | -1.99% | 4.96% | ||
gross margin % | 24.22% | 24.45% | 24.20% | 23.85% | 24.20% | 24.41% | 24.08% | 23.32% | 23.99% | 23.98% | 23.66% | 22.93% | 23.67% | 23.48% | 23.84% | 23.76% | 24.56% | 24.80% | 24.71% | 23.66% | 24.98% | 24.95% | 23.67% | 23.37% | 24.48% | 24.32% | 24.33% | 23.84% | 24.84% | 24.78% | 24.60% | 24.05% | 25.05% | 24.95% | 24.75% | 25.34% | 25.06% | 24.74% | 25.00% | 24.53% | 24.14% | 24.14% | 24.42% | 24.57% | 24.05% | 24.54% | 24.75% | 24.16% | |
operating, selling, general and administrative expenses | 38,094,000,000 | 37,345,000,000 | 34,171,000,000 | 36,523,000,000 | 35,540,000,000 | 34,585,000,000 | 33,236,000,000 | 34,309,000,000 | 33,419,000,000 | 32,466,000,000 | 30,777,000,000 | 33,064,000,000 | 34,505,000,000 | 30,167,000,000 | 29,404,000,000 | 31,462,000,000 | 29,710,000,000 | 28,511,000,000 | 28,129,000,000 | 31,331,000,000 | 28,591,000,000 | 28,994,000,000 | 27,372,000,000 | 28,601,000,000 | 27,373,000,000 | 26,871,000,000 | 25,946,000,000 | 27,819,000,000 | 26,792,000,000 | 26,707,000,000 | 25,829,000,000 | 29,160,000,000 | 26,868,000,000 | 25,865,000,000 | 24,617,000,000 | 25,576,000,000 | 25,204,000,000 | 24,085,000,000 | 24,248,000,000 | 24,104,000,000 | 22,663,000,000 | 24,501,000,000 | 23,489,000,000 | 23,375,000,000 | 22,053,000,000 | 22,691,000,000 | 22,697,000,000 | 21,704,000,000 | |
operating income | 6,696,000,000 | 7,286,000,000 | 7,135,000,000 | 7,859,000,000 | 6,708,000,000 | 7,940,000,000 | 6,841,000,000 | 7,254,000,000 | 6,202,000,000 | 7,316,000,000 | 6,240,000,000 | 5,561,000,000 | 2,695,000,000 | 6,854,000,000 | 5,318,000,000 | 5,887,000,000 | 5,792,000,000 | 7,354,000,000 | 6,909,000,000 | 5,487,000,000 | 5,778,000,000 | 6,059,000,000 | 5,224,000,000 | 5,322,000,000 | 4,718,000,000 | 5,583,000,000 | 4,945,000,000 | 6,067,000,000 | 4,986,000,000 | 5,750,000,000 | 5,154,000,000 | 4,467,000,000 | 4,764,000,000 | 5,969,000,000 | 5,237,000,000 | 5,119,000,000 | 6,165,000,000 | 5,275,000,000 | 5,714,000,000 | 6,069,000,000 | 5,680,000,000 | 7,949,000,000 | 6,265,000,000 | 6,740,000,000 | 6,193,000,000 | 6,310,000,000 | 6,793,000,000 | 6,456,000,000 | |
yoy | -0.18% | -8.24% | 4.30% | 8.34% | 8.16% | 8.53% | 9.63% | 30.44% | 130.13% | 6.74% | 17.34% | -5.54% | -53.47% | -6.80% | -23.03% | 7.29% | 0.24% | 21.37% | 32.25% | 3.10% | 22.47% | 8.53% | 5.64% | -12.28% | -5.38% | -2.90% | -4.06% | 35.82% | 4.66% | -3.67% | -1.58% | -12.74% | -22.73% | 13.16% | -8.35% | -15.65% | 8.54% | -33.64% | -8.79% | -9.96% | -8.28% | 25.97% | -7.77% | 4.40% | |||||
qoq | -8.10% | 2.12% | -9.21% | 17.16% | -15.52% | 16.06% | -5.69% | 16.96% | -15.23% | 17.24% | 12.21% | 106.35% | -60.68% | 28.88% | -9.67% | 1.64% | -21.24% | 6.44% | 25.92% | -5.04% | -4.64% | 15.98% | -1.84% | 12.80% | -15.49% | 12.90% | -18.49% | 21.68% | -13.29% | 11.56% | 15.38% | -6.23% | -20.19% | 13.98% | 2.31% | -16.97% | 16.87% | -7.68% | -5.85% | 6.85% | -28.54% | 26.88% | -7.05% | 8.83% | -1.85% | -7.11% | 5.22% | ||
operating margin % | 3.77% | 4.15% | 4.35% | 4.39% | 3.99% | 4.73% | 4.28% | 4.22% | 3.89% | 4.56% | 4.13% | 3.42% | 1.78% | 4.53% | 3.79% | 3.89% | 4.16% | 5.26% | 5.04% | 3.63% | 4.32% | 4.43% | 3.91% | 3.78% | 3.72% | 4.31% | 4.02% | 4.40% | 4.02% | 4.53% | 4.24% | 3.31% | 3.90% | 4.89% | 4.49% | 4.37% | 5.16% | 4.59% | 4.90% | 5.09% | 4.98% | 6.08% | 5.31% | 5.65% | 5.42% | 5.49% | 5.85% | 5.69% | |
interest: | |||||||||||||||||||||||||||||||||||||||||||||||||
debt | 563,000,000 | 651,000,000 | 519,000,000 | 599,000,000 | 496,000,000 | 557,000,000 | 597,000,000 | 576,000,000 | 572,000,000 | 543,000,000 | 568,000,000 | 521,000,000 | 499,000,000 | 395,000,000 | 372,000,000 | 348,000,000 | 408,000,000 | 437,000,000 | 481,000,000 | 434,000,000 | 455,000,000 | 577,000,000 | 510,000,000 | 569,000,000 | 547,000,000 | 558,000,000 | 588,000,000 | 577,000,000 | 501,000,000 | 460,000,000 | 437,000,000 | 448,000,000 | 502,000,000 | 522,000,000 | 506,000,000 | 528,000,000 | 509,000,000 | 499,000,000 | 509,000,000 | 523,000,000 | 523,000,000 | 560,000,000 | 561,000,000 | 509,000,000 | 531,000,000 | 527,000,000 | 522,000,000 | 507,000,000 | |
finance lease | 121,000,000 | 118,000,000 | 118,000,000 | 118,000,000 | 122,000,000 | 122,000,000 | 117,000,000 | 119,000,000 | 110,000,000 | 99,000,000 | 96,000,000 | 89,000,000 | 85,000,000 | 84,000,000 | 83,000,000 | 79,000,000 | 78,000,000 | 78,000,000 | 85,000,000 | 62,250,000 | 86,000,000 | 81,000,000 | 82,000,000 | ||||||||||||||||||||||||||
interest income | -93,000,000 | -94,000,000 | -93,000,000 | -115,000,000 | -140,000,000 | -114,000,000 | -114,000,000 | -146,000,000 | -145,000,000 | -148,000,000 | -107,000,000 | -103,000,000 | -84,000,000 | -31,000,000 | -36,000,000 | -47,000,000 | -44,000,000 | -37,000,000 | -30,000,000 | -30,000,000 | -25,000,000 | -23,000,000 | -43,000,000 | -41,000,000 | -44,000,000 | -56,000,000 | -48,000,000 | -64,000,000 | -59,000,000 | -51,000,000 | -43,000,000 | -37,000,000 | -42,000,000 | -38,000,000 | -35,000,000 | -24,000,000 | -22,000,000 | -24,000,000 | -21,000,000 | -24,000,000 | -19,000,000 | -37,000,000 | -20,000,000 | -32,000,000 | -24,000,000 | -12,000,000 | -36,000,000 | -44,000,000 | |
interest | 591,000,000 | 675,000,000 | 544,000,000 | 602,000,000 | 478,000,000 | 565,000,000 | 600,000,000 | 549,000,000 | 537,000,000 | 494,000,000 | 557,000,000 | 507,000,000 | 500,000,000 | 448,000,000 | 419,000,000 | 380,000,000 | 442,000,000 | 478,000,000 | 536,000,000 | 494,000,000 | 516,000,000 | 635,000,000 | 549,000,000 | 611,000,000 | 589,000,000 | 585,000,000 | 625,000,000 | 605,000,000 | 534,000,000 | 503,000,000 | 487,000,000 | 499,000,000 | 541,000,000 | 575,000,000 | 563,000,000 | 585,000,000 | 566,000,000 | 561,000,000 | 552,000,000 | 543,000,000 | 824,000,000 | 586,000,000 | 656,000,000 | 538,000,000 | 568,000,000 | 580,000,000 | 553,000,000 | 530,000,000 | |
other (gains) and losses | -2,081,000,000 | -2,708,000,000 | 597,000,000 | 294,000,000 | 132,000,000 | 1,162,000,000 | -794,000,000 | -813,000,000 | 4,750,000,000 | -3,905,000,000 | 2,995,000,000 | -3,848,000,000 | 3,626,000,000 | -238,000,000 | 1,998,000,000 | 725,000,000 | -1,207,000,000 | 953,000,000 | 2,529,000,000 | 5,586,000,000 | -1,853,000,000 | -3,222,000,000 | -721,000,000 | -962,000,000 | -244,000,000 | 85,000,000 | -837,000,000 | -202,000,000 | 1,876,000,000 | 4,849,000,000 | |||||||||||||||||||
income before income taxes | 8,186,000,000 | 9,319,000,000 | 5,994,000,000 | 6,963,000,000 | 6,098,000,000 | 6,213,000,000 | 7,035,000,000 | 7,518,000,000 | 915,000,000 | 10,727,000,000 | 2,688,000,000 | 8,902,000,000 | -1,431,000,000 | 6,644,000,000 | 2,901,000,000 | 4,782,000,000 | 4,147,000,000 | 5,923,000,000 | 3,844,000,000 | -593,000,000 | 7,115,000,000 | 8,646,000,000 | 5,396,000,000 | 5,673,000,000 | 4,373,000,000 | 4,913,000,000 | 5,157,000,000 | 5,664,000,000 | 2,576,000,000 | 398,000,000 | 2,822,000,000 | 2,964,000,000 | 2,879,000,000 | 4,606,000,000 | 4,674,000,000 | 4,534,000,000 | 5,599,000,000 | 4,714,000,000 | 6,240,000,000 | 5,926,000,000 | |||||||||
provision for income taxes | 2,098,000,000 | 2,168,000,000 | 1,355,000,000 | 1,538,000,000 | 1,384,000,000 | 1,502,000,000 | 1,728,000,000 | 1,840,000,000 | 272,000,000 | 2,674,000,000 | 792,000,000 | 3,093,000,000 | 336,000,000 | 1,497,000,000 | 798,000,000 | 1,149,000,000 | 1,015,000,000 | 1,559,000,000 | 1,033,000,000 | 1,415,000,000 | 1,914,000,000 | 2,207,000,000 | 1,322,000,000 | 1,379,000,000 | 1,052,000,000 | 1,233,000,000 | 1,251,000,000 | 1,851,000,000 | 759,000,000 | 546,000,000 | 601,000,000 | 975,000,000 | 1,502,000,000 | 1,522,000,000 | 1,332,000,000 | 1,710,000,000 | 1,498,000,000 | 1,748,000,000 | 1,891,000,000 | 1,573,000,000 | 1,914,000,000 | 1,860,000,000 | 2,025,000,000 | 1,981,000,000 | |||||
consolidated net income | 6,088,000,000 | 7,151,000,000 | 4,639,000,000 | 5,425,000,000 | 4,714,000,000 | 4,711,000,000 | 5,307,000,000 | 5,678,000,000 | 643,000,000 | 8,053,000,000 | 1,896,000,000 | 5,809,000,000 | -1,767,000,000 | 5,147,000,000 | 2,103,000,000 | 3,633,000,000 | 3,132,000,000 | 4,364,000,000 | 2,811,000,000 | -2,008,000,000 | 5,201,000,000 | 6,439,000,000 | 4,074,000,000 | 4,294,000,000 | 3,321,000,000 | 3,680,000,000 | 3,906,000,000 | 3,813,000,000 | 1,817,000,000 | -727,000,000 | 2,276,000,000 | 2,363,000,000 | 1,904,000,000 | 3,104,000,000 | 3,152,000,000 | 3,202,000,000 | 3,889,000,000 | 3,216,000,000 | 3,414,000,000 | 3,635,000,000 | 3,283,000,000 | 5,188,000,000 | 3,826,000,000 | 4,359,000,000 | 3,726,000,000 | 3,885,000,000 | 4,215,000,000 | 3,945,000,000 | |
consolidated net loss attributable to noncontrolling interest | 55,000,000 | -162,000,000 | 2,000,000 | -88,000,000 | 37,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
consolidated net income attributable to walmart | 6,143,000,000 | 7,026,000,000 | 4,487,000,000 | 5,254,000,000 | 4,577,000,000 | 4,501,000,000 | 5,104,000,000 | 5,494,000,000 | 453,000,000 | 7,891,000,000 | 1,673,000,000 | 6,275,000,000 | -1,798,000,000 | 5,149,000,000 | 2,054,000,000 | 3,562,000,000 | 3,105,000,000 | 4,276,000,000 | 2,730,000,000 | -2,091,000,000 | 5,135,000,000 | 6,476,000,000 | 3,990,000,000 | 4,141,000,000 | 3,288,000,000 | 3,610,000,000 | 3,842,000,000 | 3,687,000,000 | 1,710,000,000 | -861,000,000 | 2,134,000,000 | 2,175,000,000 | 1,749,000,000 | 2,899,000,000 | 3,039,000,000 | 3,034,000,000 | 3,773,000,000 | 3,079,000,000 | 3,304,000,000 | 3,475,000,000 | 3,341,000,000 | 4,966,000,000 | 3,711,000,000 | 4,093,000,000 | 3,593,000,000 | 3,738,000,000 | 4,069,000,000 | 3,784,000,000 | |
yoy | 34.21% | 56.10% | -12.09% | -4.37% | 910.38% | -42.96% | 205.08% | -12.45% | -125.19% | 53.25% | -18.55% | 76.17% | -157.91% | 20.42% | -24.76% | -270.35% | -39.53% | -33.97% | -31.58% | -150.50% | 56.17% | 79.39% | 3.85% | 12.31% | 92.28% | -519.28% | 80.04% | 69.52% | -2.23% | -129.70% | -29.78% | -28.31% | -53.64% | -5.85% | -8.02% | -12.69% | 12.93% | -38.00% | -10.97% | -15.10% | -7.01% | 32.85% | -8.80% | 8.17% | |||||
qoq | -12.57% | 56.59% | -14.60% | 14.79% | 1.69% | -11.81% | -7.10% | 1112.80% | -94.26% | 371.67% | -73.34% | -449.00% | -134.92% | 150.68% | -42.34% | 14.72% | -27.39% | 56.63% | -230.56% | -140.72% | -20.71% | 62.31% | -3.65% | 25.94% | -8.92% | -6.04% | 4.20% | 115.61% | -298.61% | -140.35% | -1.89% | 24.36% | -39.67% | -4.61% | 0.16% | -19.59% | 22.54% | -6.81% | -4.92% | 4.01% | -32.72% | 33.82% | -9.33% | 13.92% | -3.88% | -8.13% | 7.53% | ||
net income margin % | 3.46% | 4.00% | 2.74% | 2.94% | 2.72% | 2.68% | 3.19% | 3.20% | 0.28% | 4.92% | 1.11% | 3.86% | -1.19% | 3.40% | 1.46% | 2.35% | 2.23% | 3.06% | 1.99% | -1.38% | 3.84% | 4.73% | 2.98% | 2.95% | 2.59% | 2.79% | 3.12% | 2.68% | 1.38% | -0.68% | 1.75% | 1.61% | 1.43% | 2.38% | 2.61% | 2.59% | 3.16% | 2.68% | 2.83% | 2.91% | 2.93% | 3.80% | 3.14% | 3.43% | 3.15% | 3.25% | 3.50% | 3.34% | |
net income per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per common share attributable to walmart | 770,000 | 880,000 | 560,000 | 660,000 | 570,000 | 560,000 | 630,000 | -1,800,000 | 170,000 | 2,930,000 | 620,000 | 2,310,000 | -660,000 | 1,880,000 | 750,000 | 1,290,000 | 1,110,000 | 1,530,000 | 970,000 | -740,000 | 1,810,000 | 2,290,000 | 1,410,000 | 1,460,000 | 1,160,000 | 1,270,000 | 1,340,000 | 1,270,000 | 580,000 | -290,000 | 720,000 | 730,000 | 590,000 | 960,000 | 1,000,000 | 980,000 | 1,210,000 | 980,000 | 1,030,000 | 1,080,000 | 1,030,000 | 1,540,000 | 1,150,000 | 1,270,000 | 1,110,000 | 1,150,000 | 1,240,000 | 1,150,000 | |
diluted net income per common share attributable to walmart | 770,000 | 880,000 | 560,000 | 660,000 | 570,000 | 560,000 | 630,000 | -1,800,000 | 170,000 | 2,920,000 | 620,000 | 2,300,000 | -660,000 | 1,880,000 | 740,000 | 1,280,000 | 1,110,000 | 1,520,000 | 970,000 | -730,000 | 1,800,000 | 2,270,000 | 1,400,000 | 1,450,000 | 1,150,000 | 1,260,000 | 1,330,000 | 1,250,000 | 580,000 | -290,000 | 720,000 | 740,000 | 580,000 | 960,000 | 1,000,000 | 980,000 | 1,210,000 | 980,000 | 1,030,000 | 1,080,000 | 1,030,000 | 1,540,000 | 1,150,000 | 1,260,000 | 1,110,000 | 1,240,000 | 1,140,000 | ||
weighted-average common shares outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||
basic | 7,974,000,000 | 7,978,000,000 | 8,011,000,000 | 8,041,000,000 | 8,038,000,000 | 8,044,000,000 | 8,053,000,000 | 8,077,000,000 | 2,693,000,000 | 2,693,000,000 | 2,694,000,000 | 2,724,000,000 | 2,711,000,000 | 2,736,000,000 | 2,754,000,000 | 2,792,000,000 | 2,785,000,000 | 2,799,000,000 | 2,815,000,000 | 2,831,000,000 | 2,833,000,000 | 2,832,000,000 | 2,831,000,000 | 2,850,000,000 | 2,843,000,000 | 2,853,000,000 | 2,869,000,000 | 2,929,000,000 | 2,924,000,000 | 2,946,000,000 | 2,950,000,000 | 2,995,000,000 | 2,981,000,000 | 3,008,000,000 | 3,035,000,000 | 3,089,000,000 | 3,109,000,000 | 3,144,000,000 | 3,210,000,000 | 3,221,000,000 | 3,231,000,000 | 3,230,000,000 | 3,229,000,000 | 3,230,000,000 | 3,233,000,000 | 3,257 | 3,278,000,000 | 3,301,000,000 | |
diluted | 8,011,000,000 | 8,016,000,000 | 8,051,000,000 | 8,081,000,000 | 8,082,000,000 | 8,081,000,000 | 8,084,000,000 | 8,108,000,000 | 2,703,000,000 | 2,703,000,000 | 2,704,000,000 | 2,734,000,000 | 2,711,000,000 | 2,745,000,000 | 2,765,000,000 | 2,805,000,000 | 2,797,000,000 | 2,812,000,000 | 2,829,000,000 | 2,847,000,000 | 2,849,000,000 | 2,848,000,000 | 2,849,000,000 | 2,868,000,000 | 2,861,000,000 | 2,869,000,000 | 2,886,000,000 | 2,945,000,000 | 2,941,000,000 | 2,946,000,000 | 2,967,000,000 | 3,010,000,000 | 2,996,000,000 | 3,021,000,000 | 3,047,000,000 | 3,100,000,000 | 3,119,000,000 | 3,154,000,000 | 3,219,000,000 | 3,231,000,000 | 3,243,000,000 | 3,243,000,000 | 3,240,000,000 | 3,241,000,000 | 3,248,000,000 | 3,271 | 3,291,000,000 | 3,318,000,000 | |
dividends declared per common share | 940,000 | 830,000 | -1,520,000 | 2,280,000 | 2,240,000 | 2,200,000 | 2,160,000 | 2,120,000 | 2,080,000 | 2,040,000 | 2,000,000 | 1,960,000 | 1,920,000 | 1,880,000 | |||||||||||||||||||||||||||||||||||
consolidated net income attributable to noncontrolling interest | -125,000,000 | -152,000,000 | -137,500,000 | -137,000,000 | -210,000,000 | -203,000,000 | -143,750,000 | -190,000,000 | -223,000,000 | -19,500,000 | -31,000,000 | -49,000,000 | -71,000,000 | -27,000,000 | -81,000,000 | -83,000,000 | -66,000,000 | -84,000,000 | -153,000,000 | -33,000,000 | -70,000,000 | -64,000,000 | -126,000,000 | -107,000,000 | -134,000,000 | -142,000,000 | -188,000,000 | -155,000,000 | -205,000,000 | -113,000,000 | -168,000,000 | -116,000,000 | -137,000,000 | -110,000,000 | -160,000,000 | 58,000,000 | |||||||||||||
loss on extinguishment of debt | 2,410,000,000 | 1,004,000,000 | 1,344,000,000 | 788,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
finance, capital lease and financing obligations | 83,000,000 | 86,000,000 | 83,000,000 | 85,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
capital lease and financing obligations | 92,000,000 | 92,000,000 | 94,000,000 | 93,000,000 | 88,000,000 | 81,000,000 | 91,000,000 | 92,000,000 | 81,000,000 | 79,000,000 | 86,000,000 | 64,000,000 | 44,000,000 | 320,000,000 | |||||||||||||||||||||||||||||||||||
benefit from income taxes | 1,125,000,000 | 1,452,500,000 | 1,783,000,000 | 2,113,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
unrealized (gains) and losses | 1,845,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 5,162,000,000 | 5,526,000,000 | 4,856,000,000 | 7,363,000,000 | 5,609,000,000 | 6,202,000,000 | 5,625,000,000 | 5,730,000,000 | |||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 3,414,000,000 | 3,635,000,000 | 3,283,000,000 | 5,188,000,000 | 3,826,000,000 | 4,089,000,000 | 3,711,000,000 | 3,870,000,000 | |||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income taxes | 270,000,000 | 15,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
basic net income per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||
basic income per common share from continuing operations attributable to walmart | 1,030,000 | 1,080,000 | 1,030,000 | 1,540,000 | 1,150,000 | 1,220,000 | 1,100,000 | 1,140,000 | |||||||||||||||||||||||||||||||||||||||||
basic income per common share from discontinued operations attributable to walmart | 50,000 | 10,000 | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||
diluted income per common share from continuing operations attributable to walmart | 1,030,000 | 1,080,000 | 1,030,000 | 1,530,000 | 1,150,000 | 1,210,000 | 1,100,000 | 1,140,000 | |||||||||||||||||||||||||||||||||||||||||
diluted income per common share from discontinued operations attributable to walmart | 10,000 | 50,000 | 10,000 | ||||||||||||||||||||||||||||||||||||||||||||||
capital leases | 63,000,000 | 115,000,000 | 61,000,000 | 61,000,000 | 65,000,000 | 67,000,000 | 67,000,000 | ||||||||||||||||||||||||||||||||||||||||||
less consolidated net income attributable to noncontrolling interest | -222,000,000 | -115,000,000 | -266,000,000 | -133,000,000 | -147,000,000 | -146,000,000 | -161,000,000 | ||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income tax | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share attributable to walmart | 1.14 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2016-10-31 | 2016-07-31 | 2016-04-30 | 2015-10-31 | 2015-07-31 | 2015-04-30 | 2015-01-31 | 2014-10-31 | 2014-07-31 | 2014-04-30 | 2013-10-31 | 2013-07-31 | 2013-04-30 | 2013-01-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 10,582,000,000 | 9,431,000,000 | 9,311,000,000 | 9,037,000,000 | 10,049,000,000 | 8,811,000,000 | 9,405,000,000 | 9,867,000,000 | 12,154,000,000 | 13,888,000,000 | 10,575,000,000 | 8,625,000,000 | 11,587,000,000 | 13,923,000,000 | 11,817,000,000 | 14,760,000,000 | 16,111,000,000 | 22,831,000,000 | 22,846,000,000 | 17,741,000,000 | 14,325,000,000 | 16,906,000,000 | 14,930,000,000 | 9,465,000,000 | 8,606,000,000 | 9,283,000,000 | 9,255,000,000 | 7,722,000,000 | 9,174,000,000 | 15,840,000,000 | 7,885,000,000 | 6,756,000,000 | 7,026,000,000 | 6,469,000,000 | 6,545,000,000 | 5,939,000,000 | 7,676,000,000 | 7,597,000,000 | 6,990,000,000 | 5,751,000,000 | 7,759,000,000 | 9,135,000,000 | 6,718,000,000 | 6,184,000,000 | 6,012,000,000 | 8,736,000,000 | 9,016,000,000 | 8,855,000,000 | 7,781,000,000 |
receivables | 12,115,000,000 | 10,518,000,000 | 9,686,000,000 | 9,975,000,000 | 10,039,000,000 | 8,650,000,000 | 9,075,000,000 | 8,796,000,000 | 8,625,000,000 | 7,891,000,000 | 7,647,000,000 | 7,933,000,000 | 8,218,000,000 | 7,522,000,000 | 7,674,000,000 | 8,280,000,000 | 7,349,000,000 | 6,103,000,000 | 5,797,000,000 | 6,516,000,000 | 5,770,000,000 | 5,111,000,000 | 5,029,000,000 | 6,284,000,000 | 5,612,000,000 | 5,382,000,000 | 5,342,000,000 | 6,283,000,000 | 5,785,000,000 | 5,002,000,000 | 4,568,000,000 | 5,614,000,000 | 5,865,000,000 | 5,395,000,000 | 5,252,000,000 | 5,344,000,000 | 5,275,000,000 | 5,187,000,000 | 5,012,000,000 | 5,275,000,000 | 5,813,000,000 | 6,778,000,000 | 6,091,000,000 | 6,146,000,000 | 6,096,000,000 | 6,206,000,000 | 5,996,000,000 | 6,191,000,000 | 6,768,000,000 |
inventories | 65,354,000,000 | 57,729,000,000 | 57,467,000,000 | 56,435,000,000 | 63,302,000,000 | 55,611,000,000 | 55,382,000,000 | 54,892,000,000 | 63,951,000,000 | 56,722,000,000 | 56,932,000,000 | 56,576,000,000 | 64,706,000,000 | 59,921,000,000 | 61,229,000,000 | 56,511,000,000 | 57,484,000,000 | 47,754,000,000 | 46,383,000,000 | 44,949,000,000 | 51,842,000,000 | 41,084,000,000 | 41,217,000,000 | 44,435,000,000 | 51,546,000,000 | 44,134,000,000 | 44,751,000,000 | 44,269,000,000 | 50,380,000,000 | 41,985,000,000 | 43,303,000,000 | 43,783,000,000 | 50,147,000,000 | 43,442,000,000 | 43,361,000,000 | 49,822,000,000 | 43,453,000,000 | 44,513,000,000 | 50,706,000,000 | 45,007,000,000 | 46,310,000,000 | 45,141,000,000 | 51,501,000,000 | 45,451,000,000 | 45,315,000,000 | 49,673,000,000 | 42,793,000,000 | 43,138,000,000 | 43,803,000,000 |
prepaid expenses and other | 4,869,000,000 | 4,355,000,000 | 3,789,000,000 | 4,011,000,000 | 3,548,000,000 | 3,438,000,000 | 3,290,000,000 | 3,322,000,000 | 3,661,000,000 | 3,531,000,000 | 3,357,000,000 | 2,521,000,000 | 3,169,000,000 | 2,798,000,000 | 2,500,000,000 | 1,519,000,000 | 2,020,000,000 | 1,555,000,000 | 1,565,000,000 | 20,861,000,000 | 1,665,000,000 | 1,895,000,000 | 2,152,000,000 | 1,622,000,000 | 2,148,000,000 | 2,572,000,000 | 2,391,000,000 | 3,623,000,000 | 4,107,000,000 | 3,543,000,000 | 3,486,000,000 | 3,511,000,000 | 2,330,000,000 | 1,457,000,000 | 2,178,000,000 | 2,296,000,000 | 1,828,000,000 | 1,800,000,000 | 2,404,000,000 | 2,099,000,000 | 2,251,000,000 | 2,224,000,000 | 1,531,000,000 | 1,851,000,000 | 1,811,000,000 | 2,160,000,000 | 2,197,000,000 | 1,992,000,000 | 1,588,000,000 |
total current assets | 92,920,000,000 | 82,033,000,000 | 80,253,000,000 | 79,458,000,000 | 86,938,000,000 | 76,510,000,000 | 77,152,000,000 | 76,877,000,000 | 88,391,000,000 | 82,032,000,000 | 78,511,000,000 | 75,655,000,000 | 87,680,000,000 | 84,164,000,000 | 83,220,000,000 | 81,070,000,000 | 82,964,000,000 | 78,243,000,000 | 76,591,000,000 | 90,067,000,000 | 73,602,000,000 | 64,996,000,000 | 63,328,000,000 | 61,806,000,000 | 67,912,000,000 | 61,371,000,000 | 61,739,000,000 | 61,897,000,000 | 69,446,000,000 | 66,370,000,000 | 59,242,000,000 | 59,664,000,000 | 65,368,000,000 | 56,763,000,000 | 57,336,000,000 | 63,401,000,000 | 58,232,000,000 | 59,097,000,000 | 65,112,000,000 | 58,132,000,000 | 62,133,000,000 | 63,278,000,000 | 65,841,000,000 | 59,632,000,000 | 59,687,000,000 | 67,142,000,000 | 60,002,000,000 | 60,176,000,000 | 59,940,000,000 |
property and equipment | 130,201,000,000 | 125,476,000,000 | 121,261,000,000 | 119,993,000,000 | 116,598,000,000 | 113,818,000,000 | 111,498,000,000 | 110,810,000,000 | 107,471,000,000 | 104,733,000,000 | 102,335,000,000 | 100,760,000,000 | 97,553,000,000 | 96,006,000,000 | 94,741,000,000 | 94,515,000,000 | 92,242,000,000 | 91,621,000,000 | 90,996,000,000 | 92,201,000,000 | 102,232,000,000 | 101,182,000,000 | 101,872,000,000 | 105,208,000,000 | 104,326,000,000 | 104,674,000,000 | 104,604,000,000 | 185,810,000,000 | 184,484,000,000 | 182,524,000,000 | 187,029,000,000 | 185,154,000,000 | 185,103,000,000 | 183,545,000,000 | 181,075,000,000 | 179,667,000,000 | 178,596,000,000 | 178,296,000,000 | 176,660,000,000 | 178,899,000,000 | 176,403,000,000 | 177,395,000,000 | 177,494,000,000 | 177,975,000,000 | 174,731,000,000 | 170,967,000,000 | 168,086,000,000 | 167,087,000,000 | 165,825,000,000 |
operating lease right-of-use assets | 14,501,000,000 | 13,953,000,000 | 13,567,000,000 | 13,599,000,000 | 13,701,000,000 | 13,579,000,000 | 13,562,000,000 | 13,673,000,000 | 13,547,000,000 | 13,710,000,000 | 13,679,000,000 | 13,555,000,000 | 13,394,000,000 | 13,872,000,000 | 13,971,000,000 | 13,758,000,000 | 13,863,000,000 | 13,868,000,000 | 13,650,000,000 | 13,642,000,000 | 17,128,000,000 | 16,869,000,000 | 16,895,000,000 | 17,424,000,000 | 16,944,000,000 | 17,239,000,000 | 16,833,000,000 | ||||||||||||||||||||||
finance lease right-of-use assets | 6,138,000,000 | 6,128,000,000 | 6,056,000,000 | 6,112,000,000 | 6,227,000,000 | 6,341,000,000 | 6,285,000,000 | 5,855,000,000 | 5,806,000,000 | 5,552,000,000 | 5,124,000,000 | 4,919,000,000 | 4,597,000,000 | 4,514,000,000 | 4,505,000,000 | 4,351,000,000 | 4,226,000,000 | 4,109,000,000 | 3,979,000,000 | 4,005,000,000 | 4,929,000,000 | 4,843,000,000 | 4,611,000,000 | 4,417,000,000 | 4,155,000,000 | 3,949,000,000 | 3,804,000,000 | ||||||||||||||||||||||
goodwill | 28,722,000,000 | 29,060,000,000 | 28,866,000,000 | 28,792,000,000 | 27,942,000,000 | 27,930,000,000 | 27,999,000,000 | 28,113,000,000 | 28,015,000,000 | 28,268,000,000 | 28,306,000,000 | 28,174,000,000 | 28,137,000,000 | 28,664,000,000 | 29,438,000,000 | 29,014,000,000 | 28,923,000,000 | 29,159,000,000 | 28,872,000,000 | 28,983,000,000 | 30,236,000,000 | 29,542,000,000 | 29,416,000,000 | 31,073,000,000 | 30,716,000,000 | 31,454,000,000 | 31,416,000,000 | 31,181,000,000 | 31,044,000,000 | 17,840,000,000 | 18,850,000,000 | 18,242,000,000 | 18,204,000,000 | 18,037,000,000 | 17,575,000,000 | 17,792,000,000 | 16,339,000,000 | 16,751,000,000 | 17,051,000,000 | 17,799,000,000 | 17,531,000,000 | 18,102,000,000 | 18,888,000,000 | 19,758,000,000 | 19,515,000,000 | 19,729,000,000 | 19,280,000,000 | 19,734,000,000 | 20,497,000,000 |
other long-term assets | 16,173,000,000 | 14,187,000,000 | 12,369,000,000 | 12,869,000,000 | 11,993,000,000 | 16,262,000,000 | 17,558,000,000 | 17,071,000,000 | 15,944,000,000 | 20,826,000,000 | 17,098,000,000 | 20,134,000,000 | 16,295,000,000 | 19,979,000,000 | 20,267,000,000 | 22,152,000,000 | 22,633,000,000 | 21,552,000,000 | 22,493,000,000 | 23,598,000,000 | 22,736,000,000 | 19,950,000,000 | 16,770,000,000 | 16,567,000,000 | 15,777,000,000 | 16,174,000,000 | 16,148,000,000 | 14,822,000,000 | 14,744,000,000 | 10,835,000,000 | 12,035,000,000 | ||||||||||||||||||
total assets | 288,655,000,000 | 270,837,000,000 | 262,372,000,000 | 260,823,000,000 | 263,399,000,000 | 254,440,000,000 | 254,054,000,000 | 252,399,000,000 | 259,174,000,000 | 255,121,000,000 | 245,053,000,000 | 243,197,000,000 | 247,656,000,000 | 247,199,000,000 | 246,142,000,000 | 244,860,000,000 | 244,851,000,000 | 238,552,000,000 | 236,581,000,000 | 252,496,000,000 | 250,863,000,000 | 237,382,000,000 | 232,892,000,000 | 236,495,000,000 | 239,830,000,000 | 234,861,000,000 | 234,544,000,000 | 219,295,000,000 | 226,583,000,000 | 206,062,000,000 | 204,927,000,000 | 204,522,000,000 | 209,414,000,000 | 201,566,000,000 | 199,718,000,000 | 206,857,000,000 | 197,886,000,000 | 198,705,000,000 | 205,144,000,000 | 198,620,000,000 | 200,747,000,000 | 203,706,000,000 | 207,889,000,000 | 203,985,000,000 | 202,746,000,000 | 209,876,000,000 | 200,969,000,000 | 202,187,000,000 | 203,105,000,000 |
liabilities, redeemable noncontrolling interest, and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
short-term borrowings | 8,401,000,000 | 3,837,000,000 | 5,595,000,000 | 3,068,000,000 | 3,579,000,000 | 3,195,000,000 | 5,457,000,000 | 878,000,000 | 9,942,000,000 | 4,546,000,000 | 1,711,000,000 | 372,000,000 | 6,811,000,000 | 10,634,000,000 | 11,432,000,000 | 410,000,000 | 447,000,000 | 671,000,000 | 362,000,000 | 224,000,000 | 240,000,000 | 357,000,000 | 4,048,000,000 | 575,000,000 | 4,926,000,000 | 3,681,000,000 | 4,828,000,000 | 5,225,000,000 | 7,795,000,000 | 444,000,000 | 7,762,000,000 | 5,257,000,000 | 5,114,000,000 | 3,262,000,000 | 2,617,000,000 | 5,082,000,000 | 1,932,000,000 | 3,813,000,000 | 4,960,000,000 | 1,725,000,000 | 799,000,000 | 1,592,000,000 | 6,019,000,000 | 3,516,000,000 | 3,517,000,000 | 12,817,000,000 | 8,639,000,000 | 6,255,000,000 | 6,805,000,000 |
accounts payable | 67,156,000,000 | 60,086,000,000 | 57,700,000,000 | 58,666,000,000 | 62,863,000,000 | 56,716,000,000 | 56,071,000,000 | 56,812,000,000 | 61,049,000,000 | 56,576,000,000 | 54,268,000,000 | 53,742,000,000 | 57,263,000,000 | 54,191,000,000 | 52,926,000,000 | 55,261,000,000 | 57,156,000,000 | 49,601,000,000 | 48,151,000,000 | 49,141,000,000 | 54,152,000,000 | 46,326,000,000 | 44,096,000,000 | 46,973,000,000 | 49,750,000,000 | 45,871,000,000 | 45,110,000,000 | 47,060,000,000 | 49,729,000,000 | 43,128,000,000 | 44,612,000,000 | 46,092,000,000 | 47,587,000,000 | 42,389,000,000 | 41,367,000,000 | 42,990,000,000 | 39,902,000,000 | 37,997,000,000 | 40,553,000,000 | 37,225,000,000 | 37,224,000,000 | 38,410,000,000 | 39,656,000,000 | 36,828,000,000 | 36,347,000,000 | 39,221,000,000 | 36,701,000,000 | 36,770,000,000 | 38,080,000,000 |
dividends payable | 1,908,000,000 | 3,783,000,000 | 5,660,000,000 | 1,674,000,000 | 3,343,000,000 | 5,013,000,000 | 1,533,000,000 | 3,067,000,000 | 4,602,000,000 | 1,527,000,000 | 3,049,000,000 | 4,631,000,000 | 1,528,000,000 | 3,109,000,000 | 4,651,000,000 | 1,529,000,000 | 3,060,000,000 | 4,588,000,000 | 1,507,000,000 | 3,023,000,000 | 4,551,000,000 | 1,516,000,000 | 3,057,000,000 | 4,607,000,000 | 1,530,000,000 | 3,057,000,000 | 4,628,000,000 | 1,541,000,000 | 3,101,000,000 | 4,723,000,000 | 1,589,000,000 | 3,162,000,000 | 4,741,000,000 | 1,553,000,000 | 3,100,000,000 | 4,648,000,000 | 1,573,000,000 | 3,141,000,000 | 4,649,000,000 | ||||||||||
accrued liabilities | 31,521,000,000 | 28,821,000,000 | 26,085,000,000 | 29,345,000,000 | 28,117,000,000 | 27,656,000,000 | 24,092,000,000 | 28,759,000,000 | 26,132,000,000 | 29,239,000,000 | 27,527,000,000 | 31,126,000,000 | 27,443,000,000 | 23,843,000,000 | 21,061,000,000 | 26,060,000,000 | 24,474,000,000 | 23,915,000,000 | 21,371,000,000 | 37,966,000,000 | 24,995,000,000 | 23,768,000,000 | 20,377,000,000 | 22,296,000,000 | 20,973,000,000 | 20,691,000,000 | 21,023,000,000 | 22,159,000,000 | 22,795,000,000 | 22,846,000,000 | 20,782,000,000 | 22,122,000,000 | 21,757,000,000 | 19,686,000,000 | 19,708,000,000 | 21,243,000,000 | 19,651,000,000 | 19,605,000,000 | 19,499,000,000 | 18,290,000,000 | 18,685,000,000 | 19,152,000,000 | 18,773,000,000 | 18,237,000,000 | 17,807,000,000 | 18,606,000,000 | 18,616,000,000 | 17,282,000,000 | 18,808,000,000 |
accrued income taxes | 789,000,000 | 620,000,000 | 1,465,000,000 | 608,000,000 | 783,000,000 | 576,000,000 | 1,276,000,000 | 307,000,000 | 606,000,000 | 770,000,000 | 1,325,000,000 | 727,000,000 | 900,000,000 | 868,000,000 | 904,000,000 | 851,000,000 | 446,000,000 | 267,000,000 | 851,000,000 | 242,000,000 | 548,000,000 | 610,000,000 | 1,303,000,000 | 280,000,000 | 327,000,000 | 387,000,000 | 729,000,000 | 428,000,000 | 616,000,000 | 424,000,000 | 718,000,000 | 645,000,000 | 540,000,000 | 505,000,000 | 2,018,000,000 | 459,000,000 | 720,000,000 | 1,328,000,000 | 587,000,000 | 373,000,000 | 1,707,000,000 | 1,021,000,000 | 383,000,000 | 511,000,000 | 1,966,000,000 | 255,000,000 | 116,000,000 | 2,318,000,000 | 2,211,000,000 |
long-term debt due within one year | 3,523,000,000 | 4,011,000,000 | 4,085,000,000 | 2,598,000,000 | 3,246,000,000 | 1,495,000,000 | 1,865,000,000 | 3,447,000,000 | 2,806,000,000 | 2,897,000,000 | 3,975,000,000 | 4,191,000,000 | 5,458,000,000 | 5,316,000,000 | 3,580,000,000 | 2,803,000,000 | 1,575,000,000 | 1,617,000,000 | 3,500,000,000 | 3,115,000,000 | 4,358,000,000 | 5,553,000,000 | 5,983,000,000 | 5,362,000,000 | 4,093,000,000 | 4,396,000,000 | 1,464,000,000 | 1,876,000,000 | 2,591,000,000 | 1,090,000,000 | 1,576,000,000 | 3,738,000,000 | 3,257,000,000 | 3,254,000,000 | 3,256,000,000 | 2,266,000,000 | 2,265,000,000 | 2,257,000,000 | 2,746,000,000 | 4,024,000,000 | 6,041,000,000 | 4,810,000,000 | 4,874,000,000 | 4,659,000,000 | 3,287,000,000 | 4,147,000,000 | 4,692,000,000 | 5,967,000,000 | 5,587,000,000 |
operating lease obligations due within one year | 1,592,000,000 | 1,580,000,000 | 1,539,000,000 | 1,499,000,000 | 1,507,000,000 | 1,493,000,000 | 1,482,000,000 | 1,487,000,000 | 1,474,000,000 | 1,472,000,000 | 1,490,000,000 | 1,473,000,000 | 1,457,000,000 | 1,464,000,000 | 1,485,000,000 | 1,483,000,000 | 1,486,000,000 | 1,441,000,000 | 1,448,000,000 | 1,466,000,000 | 1,725,000,000 | 1,734,000,000 | 1,729,000,000 | 1,793,000,000 | 1,740,000,000 | 1,795,000,000 | 1,748,000,000 | ||||||||||||||||||||||
finance lease obligations due within one year | 842,000,000 | 828,000,000 | 791,000,000 | 800,000,000 | 789,000,000 | 786,000,000 | 844,000,000 | 725,000,000 | 688,000,000 | 653,000,000 | 607,000,000 | 567,000,000 | 549,000,000 | 534,000,000 | 511,000,000 | 511,000,000 | 508,000,000 | 501,000,000 | 507,000,000 | 491,000,000 | 574,000,000 | 549,000,000 | 523,000,000 | 511,000,000 | 468,000,000 | 439,000,000 | 435,000,000 | ||||||||||||||||||||||
total current liabilities | 115,732,000,000 | 103,566,000,000 | 102,920,000,000 | 96,584,000,000 | 102,558,000,000 | 95,260,000,000 | 96,100,000,000 | 92,415,000,000 | 104,230,000,000 | 99,220,000,000 | 95,505,000,000 | 92,198,000,000 | 101,408,000,000 | 99,899,000,000 | 96,530,000,000 | 87,379,000,000 | 87,620,000,000 | 81,122,000,000 | 80,841,000,000 | 92,645,000,000 | 88,121,000,000 | 81,957,000,000 | 82,647,000,000 | 77,790,000,000 | 83,784,000,000 | 80,283,000,000 | 79,888,000,000 | 77,477,000,000 | 85,751,000,000 | 71,683,000,000 | 80,757,000,000 | 78,521,000,000 | 80,435,000,000 | 72,811,000,000 | 74,193,000,000 | 74,130,000,000 | 68,122,000,000 | 70,282,000,000 | 70,492,000,000 | 65,262,000,000 | 69,624,000,000 | 65,272,000,000 | 71,560,000,000 | 67,152,000,000 | 67,942,000,000 | 77,021,000,000 | 72,214,000,000 | 73,552,000,000 | 71,818,000,000 |
long-term debt | 34,445,000,000 | 35,640,000,000 | 36,520,000,000 | 33,401,000,000 | 33,645,000,000 | 35,364,000,000 | 35,928,000,000 | 36,132,000,000 | 36,342,000,000 | 36,806,000,000 | 38,120,000,000 | 34,649,000,000 | 33,935,000,000 | 29,801,000,000 | 32,174,000,000 | 34,864,000,000 | 36,425,000,000 | 39,581,000,000 | 40,273,000,000 | 41,194,000,000 | 40,849,000,000 | 40,959,000,000 | 43,006,000,000 | 43,714,000,000 | 44,912,000,000 | 44,404,000,000 | 47,425,000,000 | 43,520,000,000 | 43,275,000,000 | 44,958,000,000 | 29,477,000,000 | 30,045,000,000 | 34,206,000,000 | 33,706,000,000 | 33,774,000,000 | 36,178,000,000 | 36,673,000,000 | 37,151,000,000 | 38,617,000,000 | 38,581,000,000 | 38,867,000,000 | 41,086,000,000 | 41,720,000,000 | 43,004,000,000 | 45,699,000,000 | 41,702,000,000 | 40,678,000,000 | 41,536,000,000 | 38,394,000,000 |
long-term operating lease obligations | 13,705,000,000 | 13,171,000,000 | 12,797,000,000 | 12,825,000,000 | 12,927,000,000 | 12,811,000,000 | 12,840,000,000 | 12,943,000,000 | 12,817,000,000 | 12,978,000,000 | 12,925,000,000 | 12,828,000,000 | 12,658,000,000 | 13,140,000,000 | 13,226,000,000 | 13,009,000,000 | 13,095,000,000 | 13,116,000,000 | 12,930,000,000 | 12,909,000,000 | 15,982,000,000 | 15,669,000,000 | 15,669,000,000 | 16,171,000,000 | 15,741,000,000 | 16,079,000,000 | 15,719,000,000 | ||||||||||||||||||||||
long-term finance lease obligations | 5,916,000,000 | 5,947,000,000 | 5,878,000,000 | 5,923,000,000 | 6,056,000,000 | 6,161,000,000 | 6,047,000,000 | 5,709,000,000 | 5,670,000,000 | 5,449,000,000 | 5,039,000,000 | 4,843,000,000 | 4,512,000,000 | 4,420,000,000 | 4,409,000,000 | 4,243,000,000 | 4,061,000,000 | 3,952,000,000 | 3,802,000,000 | 3,847,000,000 | 4,750,000,000 | 4,673,000,000 | 4,474,000,000 | 4,307,000,000 | 4,068,000,000 | 3,915,000,000 | 3,810,000,000 | ||||||||||||||||||||||
deferred income taxes and other | 16,345,000,000 | 15,656,000,000 | 13,609,000,000 | 14,398,000,000 | 13,748,000,000 | 14,072,000,000 | 14,849,000,000 | 14,629,000,000 | 14,304,000,000 | 15,109,000,000 | 13,999,000,000 | 14,688,000,000 | 14,760,000,000 | 14,092,000,000 | 13,943,000,000 | 13,474,000,000 | 12,893,000,000 | 13,654,000,000 | 14,143,000,000 | 14,370,000,000 | 13,657,000,000 | 12,927,000,000 | 12,986,000,000 | 12,961,000,000 | 13,018,000,000 | 13,049,000,000 | 12,792,000,000 | 11,981,000,000 | 11,467,000,000 | 8,999,000,000 | 9,541,000,000 | 8,354,000,000 | 9,167,000,000 | 9,240,000,000 | 9,386,000,000 | 10,144,000,000 | 7,877,000,000 | 7,272,000,000 | 7,824,000,000 | 8,391,000,000 | 8,169,000,000 | 8,805,000,000 | 7,789,000,000 | 8,311,000,000 | 8,164,000,000 | 8,298,000,000 | 7,989,000,000 | 7,694,000,000 | 7,613,000,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interest | 306,000,000 | 307,000,000 | 307,000,000 | 271,000,000 | 189,000,000 | 207,000,000 | 217,000,000 | 222,000,000 | 228,000,000 | 232,000,000 | 234,000,000 | 237,000,000 | 260,000,000 | 260,000,000 | 260,000,000 | 1,492,000,000 | 495,000,000 | 549,000,000 | 519,000,000 | ||||||||||||||||||||||||||||||
shareholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 797,000,000 | 797,000,000 | 799,000,000 | 802,000,000 | 803,000,000 | 803,000,000 | 805,000,000 | 805,000,000 | 269,000,000 | 269,000,000 | 269,000,000 | 269,000,000 | 270,000,000 | 272,000,000 | 275,000,000 | 276,000,000 | 277,000,000 | 278,000,000 | 280,000,000 | 282,000,000 | 283,000,000 | 283,000,000 | 284,000,000 | 284,000,000 | 284,000,000 | 285,000,000 | 286,000,000 | 288,000,000 | 291,000,000 | 294,000,000 | 294,000,000 | 295,000,000 | 297,000,000 | 299,000,000 | 302,000,000 | 308,000,000 | 310,000,000 | 313,000,000 | 321,000,000 | 321,000,000 | 323,000,000 | 323,000,000 | 323,000,000 | 323,000,000 | 323,000,000 | 324,000,000 | 327,000,000 | 329,000,000 | 332,000,000 |
capital in excess of par value | 6,863,000,000 | 5,718,000,000 | 5,441,000,000 | 5,503,000,000 | 5,395,000,000 | 5,010,000,000 | 4,625,000,000 | 4,544,000,000 | 4,929,000,000 | 4,635,000,000 | 5,248,000,000 | 4,969,000,000 | 4,817,000,000 | 4,672,000,000 | 4,587,000,000 | 4,839,000,000 | 4,811,000,000 | 3,655,000,000 | 3,424,000,000 | 3,646,000,000 | 3,485,000,000 | 3,197,000,000 | 2,983,000,000 | 3,247,000,000 | 3,091,000,000 | 2,880,000,000 | 2,734,000,000 | 2,965,000,000 | 2,887,000,000 | 2,710,000,000 | 2,557,000,000 | 2,648,000,000 | 2,501,000,000 | 2,352,000,000 | 2,223,000,000 | 2,084,000,000 | 1,915,000,000 | 1,720,000,000 | 2,006,000,000 | 1,979,000,000 | 2,354,000,000 | 2,462,000,000 | 2,223,000,000 | 2,208,000,000 | 2,111,000,000 | 2,364,000,000 | 3,432,000,000 | 3,399,000,000 | 3,620,000,000 |
retained earnings | 101,558,000,000 | 96,328,000,000 | 90,849,000,000 | 98,313,000,000 | 94,435,000,000 | 90,788,000,000 | 87,230,000,000 | 89,814,000,000 | 85,831,000,000 | 85,470,000,000 | 78,035,000,000 | 83,135,000,000 | 77,946,000,000 | 82,519,000,000 | 80,532,000,000 | 86,904,000,000 | 85,674,000,000 | 84,572,000,000 | 82,577,000,000 | 88,763,000,000 | 92,279,000,000 | 87,614,000,000 | 81,141,000,000 | 83,943,000,000 | 80,656,000,000 | 78,432,000,000 | 76,276,000,000 | 80,785,000,000 | 80,287,000,000 | 80,810,000,000 | 82,982,000,000 | 85,107,000,000 | 84,480,000,000 | 84,838,000,000 | 84,120,000,000 | 87,636,000,000 | 85,972,000,000 | 84,145,000,000 | 87,903,000,000 | 84,959,000,000 | 82,492,000,000 | 85,777,000,000 | 80,814,000,000 | 77,172,000,000 | 73,366,000,000 | 72,888,000,000 | 70,791,000,000 | 68,489,000,000 | 72,978,000,000 |
accumulated other comprehensive loss | -13,124,000,000 | -12,733,000,000 | -13,296,000,000 | -13,605,000,000 | -12,525,000,000 | -12,178,000,000 | -11,367,000,000 | -11,302,000,000 | -11,573,000,000 | -10,818,000,000 | -11,147,000,000 | -11,680,000,000 | -10,780,000,000 | -9,894,000,000 | -8,498,000,000 | -8,766,000,000 | -8,488,000,000 | -7,976,000,000 | -7,946,000,000 | -11,766,000,000 | -14,616,000,000 | -15,784,000,000 | -16,168,000,000 | -12,805,000,000 | -12,382,000,000 | -11,270,000,000 | -11,091,000,000 | -11,542,000,000 | -11,469,000,000 | -12,629,000,000 | -10,281,000,000 | -10,181,000,000 | -11,133,000,000 | -11,100,000,000 | -12,954,000,000 | -12,335,000,000 | -11,672,000,000 | -10,995,000,000 | |||||||||||
total walmart shareholders' equity | 96,094,000,000 | 90,110,000,000 | 83,793,000,000 | 91,013,000,000 | 88,108,000,000 | 84,423,000,000 | 81,293,000,000 | 83,861,000,000 | 79,456,000,000 | 79,556,000,000 | 72,405,000,000 | 76,693,000,000 | 72,253,000,000 | 77,569,000,000 | 76,896,000,000 | 83,253,000,000 | 82,274,000,000 | 80,529,000,000 | 78,335,000,000 | 80,925,000,000 | 81,431,000,000 | 75,310,000,000 | 68,240,000,000 | 74,669,000,000 | 71,649,000,000 | 70,327,000,000 | 68,205,000,000 | 72,496,000,000 | 71,996,000,000 | 71,185,000,000 | 75,552,000,000 | 77,869,000,000 | 76,145,000,000 | 76,389,000,000 | 73,691,000,000 | 77,693,000,000 | 76,525,000,000 | 75,183,000,000 | 79,571,000,000 | 78,871,000,000 | 76,574,000,000 | 81,394,000,000 | 79,109,000,000 | 77,746,000,000 | 73,088,000,000 | 73,393,000,000 | 71,661,000,000 | 70,249,000,000 | 76,343,000,000 |
nonredeemable noncontrolling interest | 6,112,000,000 | 6,440,000,000 | 6,548,000,000 | 6,408,000,000 | 6,168,000,000 | 6,142,000,000 | 6,780,000,000 | 6,127,000,000 | 5,771,000,000 | 6,826,000,000 | 7,870,000,000 | 8,018,000,000 | 8,704,000,000 | 2,782,000,000 | 2,619,000,000 | 2,575,000,000 | 3,059,000,000 | 3,253,000,000 | 3,416,000,000 | 4,543,000,000 | 4,944,000,000 | 5,077,000,000 | 5,111,000,000 | 5,129,000,000 | 5,025,000,000 | 5,592,000,000 | 5,395,000,000 | ||||||||||||||||||||||
total shareholders' equity | 102,206,000,000 | 96,550,000,000 | 90,341,000,000 | 97,421,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable noncontrolling interest, and shareholders' equity | 288,655,000,000 | 270,837,000,000 | 262,372,000,000 | 260,823,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable noncontrolling interest, and equity | |||||||||||||||||||||||||||||||||||||||||||||||||
equity: | |||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 94,276,000,000 | 90,565,000,000 | 88,073,000,000 | 90,349,000,000 | 85,583,000,000 | 85,327,000,000 | 79,231,000,000 | 83,754,000,000 | 80,123,000,000 | 85,587,000,000 | 85,600,000,000 | 91,891,000,000 | 90,757,000,000 | 87,127,000,000 | 84,592,000,000 | 87,531,000,000 | 87,504,000,000 | 81,197,000,000 | 74,110,000,000 | 81,552,000,000 | 78,307,000,000 | 77,131,000,000 | 74,910,000,000 | 79,634,000,000 | 79,469,000,000 | 73,812,000,000 | 78,324,000,000 | 80,822,000,000 | 78,906,000,000 | 79,046,000,000 | 76,114,000,000 | 80,475,000,000 | 79,144,000,000 | 77,758,000,000 | 82,630,000,000 | 82,124,000,000 | 79,990,000,000 | 85,937,000,000 | 84,053,000,000 | 82,823,000,000 | 78,199,000,000 | 78,522,000,000 | 76,686,000,000 | 75,841,000,000 | 81,738,000,000 | ||||
total liabilities, redeemable noncontrolling interest, and equity | 263,399,000,000 | 254,440,000,000 | 254,054,000,000 | 252,399,000,000 | 259,174,000,000 | 255,121,000,000 | 245,053,000,000 | 243,197,000,000 | 247,656,000,000 | 247,199,000,000 | 246,142,000,000 | 203,706,000,000 | 207,889,000,000 | 203,985,000,000 | 202,746,000,000 | 209,876,000,000 | |||||||||||||||||||||||||||||||||
noncontrolling interest | 6,488,000,000 | 7,061,000,000 | 8,638,000,000 | 8,483,000,000 | 6,598,000,000 | 6,257,000,000 | 6,606,000,000 | 6,073,000,000 | 5,887,000,000 | 5,870,000,000 | 6,883,000,000 | 6,658,000,000 | 6,804,000,000 | 6,705,000,000 | 7,138,000,000 | 7,473,000,000 | 2,627,000,000 | 2,772,000,000 | 2,953,000,000 | 2,761,000,000 | 2,657,000,000 | 2,423,000,000 | |||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 244,860,000,000 | 244,851,000,000 | 238,552,000,000 | 236,581,000,000 | 252,496,000,000 | 250,863,000,000 | 237,382,000,000 | 232,892,000,000 | 236,495,000,000 | 239,830,000,000 | 234,861,000,000 | 234,544,000,000 | 219,295,000,000 | 226,583,000,000 | 206,062,000,000 | 204,927,000,000 | 204,522,000,000 | 209,414,000,000 | 201,566,000,000 | 199,718,000,000 | 206,857,000,000 | 197,886,000,000 | 198,705,000,000 | 205,144,000,000 | 198,620,000,000 | 200,747,000,000 | 200,969,000,000 | 202,187,000,000 | 203,105,000,000 | ||||||||||||||||||||
property under capital lease and financing obligations | 12,760,000,000 | 12,692,000,000 | 12,545,000,000 | 12,735,000,000 | 12,703,000,000 | 12,641,000,000 | 12,581,000,000 | 11,854,000,000 | 11,482,000,000 | 11,544,000,000 | 11,667,000,000 | 10,948,000,000 | 7,194,000,000 | 7,090,000,000 | |||||||||||||||||||||||||||||||||||
capital lease and financing obligations due within one year | 729,000,000 | 709,000,000 | 694,000,000 | 700,000,000 | 667,000,000 | 650,000,000 | 658,000,000 | 599,000,000 | 549,000,000 | 551,000,000 | 559,000,000 | 558,000,000 | 463,000,000 | 427,000,000 | |||||||||||||||||||||||||||||||||||
long-term capital lease and financing obligations | 6,683,000,000 | 6,621,000,000 | 6,610,000,000 | 6,828,000,000 | 6,780,000,000 | 6,700,000,000 | 6,763,000,000 | 6,251,000,000 | 5,930,000,000 | 6,070,000,000 | 6,242,000,000 | 5,581,000,000 | 4,262,000,000 | 4,097,000,000 | |||||||||||||||||||||||||||||||||||
property and equipment: | |||||||||||||||||||||||||||||||||||||||||||||||||
less accumulated depreciation | -81,493,000,000 | -80,126,000,000 | -78,505,000,000 | -79,407,000,000 | -77,479,000,000 | -76,948,000,000 | -75,375,000,000 | -73,625,000,000 | -70,991,000,000 | -69,729,000,000 | -68,509,000,000 | -65,825,000,000 | -66,075,000,000 | -64,252,000,000 | -63,115,000,000 | -62,519,000,000 | -61,709,000,000 | -59,585,000,000 | -56,313,000,000 | -54,724,000,000 | -53,395,000,000 | -51,896,000,000 | |||||||||||||||||||||||||||
property under capital lease and financing obligations: | |||||||||||||||||||||||||||||||||||||||||||||||||
less accumulated amortization | -5,682,000,000 | -5,701,000,000 | -5,547,000,000 | -5,557,000,000 | -5,560,000,000 | -5,497,000,000 | -5,398,000,000 | -5,135,000,000 | -5,070,000,000 | -5,001,000,000 | -4,960,000,000 | -4,827,000,000 | -3,507,000,000 | -3,556,000,000 | -2,864,000,000 | -3,115,000,000 | -3,092,000,000 | -3,032,000,000 | -3,095,000,000 | -3,131,000,000 | -3,154,000,000 | -3,147,000,000 | |||||||||||||||||||||||||||
other assets and deferred charges | 11,798,000,000 | 10,543,000,000 | 11,413,000,000 | 10,638,000,000 | 10,576,000,000 | 7,905,000,000 | 6,363,000,000 | 6,025,000,000 | 6,178,000,000 | 5,398,000,000 | 5,671,000,000 | 5,668,000,000 | 5,872,000,000 | 5,901,000,000 | 5,778,000,000 | 5,693,000,000 | 5,846,000,000 | 5,987,000,000 | |||||||||||||||||||||||||||||||
accumulated other comprehensive income | -10,659,000,000 | -8,388,000,000 | -8,595,000,000 | -7,168,000,000 | -4,251,000,000 | -1,957,000,000 | -2,712,000,000 | -2,183,000,000 | -2,889,000,000 | -1,968,000,000 | -587,000,000 | ||||||||||||||||||||||||||||||||||||||
current assets of discontinued operations | 453,000,000 | 367,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
current liabilities of discontinued operations | 70,000,000 | 87,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
property under capital leases: | |||||||||||||||||||||||||||||||||||||||||||||||||
property under capital leases | 5,239,000,000 | 5,632,000,000 | 5,549,000,000 | 5,529,000,000 | 5,668,000,000 | 5,763,000,000 | 5,893,000,000 | 5,899,000,000 | |||||||||||||||||||||||||||||||||||||||||
obligations under capital leases due within one year | 287,000,000 | 302,000,000 | 301,000,000 | 300,000,000 | 315,000,000 | 309,000,000 | 311,000,000 | 327,000,000 | |||||||||||||||||||||||||||||||||||||||||
long-term obligations under capital leases | 2,606,000,000 | 2,767,000,000 | 2,695,000,000 | 2,742,000,000 | 2,841,000,000 | 2,907,000,000 | 3,015,000,000 | 3,023,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2016-10-31 | 2016-07-31 | 2016-04-30 | 2015-10-31 | 2015-07-31 | 2015-04-30 | 2015-01-31 | 2014-10-31 | 2014-07-31 | 2014-04-30 | 2013-10-31 | 2013-07-31 | 2013-04-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
consolidated net income | 6,088,000,000 | 7,151,000,000 | 4,639,000,000 | 5,425,000,000 | 4,714,000,000 | 4,711,000,000 | 5,307,000,000 | 5,678,000,000 | 643,000,000 | 8,053,000,000 | 1,896,000,000 | 5,809,000,000 | -1,767,000,000 | 5,147,000,000 | 2,103,000,000 | 3,633,000,000 | 3,132,000,000 | 4,364,000,000 | 2,811,000,000 | -2,008,000,000 | 5,201,000,000 | 6,439,000,000 | 4,074,000,000 | 4,294,000,000 | 3,321,000,000 | 3,680,000,000 | 3,906,000,000 | 3,813,000,000 | 1,817,000,000 | -727,000,000 | 2,276,000,000 | 2,363,000,000 | 1,904,000,000 | 3,104,000,000 | 3,152,000,000 | 3,202,000,000 | 3,889,000,000 | 3,216,000,000 | 3,414,000,000 | 3,635,000,000 | 3,283,000,000 | 5,188,000,000 | 3,826,000,000 | 4,359,000,000 | 3,726,000,000 | 3,885,000,000 | 4,215,000,000 | 3,945,000,000 |
adjustments to reconcile consolidated net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 3,606,000,000 | 3,487,000,000 | 3,369,000,000 | 3,374,000,000 | 3,260,000,000 | 3,211,000,000 | 3,128,000,000 | 3,117,000,000 | 2,986,000,000 | 2,905,000,000 | 2,845,000,000 | 2,811,000,000 | 2,755,000,000 | 2,699,000,000 | 2,680,000,000 | 2,706,000,000 | 2,650,000,000 | 2,641,000,000 | 2,661,000,000 | 2,819,000,000 | 2,771,000,000 | 2,771,000,000 | 2,791,000,000 | 2,828,000,000 | 2,723,000,000 | 2,722,000,000 | 2,714,000,000 | 2,731,000,000 | 2,615,000,000 | 2,654,000,000 | 2,678,000,000 | 2,702,000,000 | 2,658,000,000 | 2,618,000,000 | 2,551,000,000 | 2,469,000,000 | 2,517,000,000 | 2,388,000,000 | 2,365,000,000 | 2,339,000,000 | 2,319,000,000 | 2,292,000,000 | 2,354,000,000 | 2,277,000,000 | 2,250,000,000 | 2,183,000,000 | 2,223,000,000 | 2,194,000,000 |
investment (gains) and losses | -2,057,000,000 | -2,617,000,000 | 551,000,000 | 224,000,000 | 135,000,000 | 1,158,000,000 | -639,000,000 | 4,801,000,000 | -3,835,000,000 | 3,062,000,000 | ||||||||||||||||||||||||||||||||||||||
deferred income taxes | 759,000,000 | 1,627,000,000 | -76,000,000 | -390,000,000 | -1,000,000 | -346,000,000 | 102,000,000 | 494,000,000 | -1,105,000,000 | 1,161,000,000 | -725,000,000 | 421,000,000 | -83,000,000 | 180,000,000 | -69,000,000 | 647,000,000 | -1,017,000,000 | -230,000,000 | -155,000,000 | 665,000,000 | 774,000,000 | 388,000,000 | 84,000,000 | -254,000,000 | 333,000,000 | 117,000,000 | 124,000,000 | -153,000,000 | -229,000,000 | -67,000,000 | -50,000,000 | -535,000,000 | 137,000,000 | 92,000,000 | 2,000,000 | 1,134,000,000 | 155,000,000 | -122,000,000 | -591,000,000 | -237,000,000 | -159,000,000 | -270,000,000 | -312,000,000 | 53,000,000 | 26,000,000 | 119,000,000 | 347,000,000 | 128,000,000 |
other operating activities | 1,606,000,000 | 869,000,000 | 501,000,000 | 1,204,000,000 | 819,000,000 | 359,000,000 | 507,000,000 | 1,230,000,000 | 563,000,000 | 600,000,000 | 249,000,000 | 998,000,000 | 677,000,000 | 303,000,000 | -59,000,000 | 595,000,000 | 451,000,000 | 336,000,000 | 270,000,000 | 591,000,000 | 625,000,000 | 356,000,000 | -51,000,000 | 1,043,000,000 | 590,000,000 | 273,000,000 | 75,000,000 | 999,000,000 | 266,000,000 | 204,000,000 | 265,000,000 | 1,066,000,000 | -628,000,000 | 942,000,000 | -170,000,000 | -26,000,000 | -328,000,000 | -33,000,000 | 112,000,000 | 293,000,000 | 239,000,000 | 193,000,000 | -75,000,000 | 124,000,000 | 543,000,000 | 669,000,000 | 166,000,000 | -370,000,000 |
changes in certain assets and liabilities, net of effects of acquisitions and dispositions: | ||||||||||||||||||||||||||||||||||||||||||||||||
receivables | -1,723,000,000 | -673,000,000 | 268,000,000 | 289,000,000 | -1,475,000,000 | 234,000,000 | -154,000,000 | -126,000,000 | -786,000,000 | -261,000,000 | 376,000,000 | 299,000,000 | -933,000,000 | 37,000,000 | 837,000,000 | -954,000,000 | -1,294,000,000 | -376,000,000 | 828,000,000 | -1,251,000,000 | -658,000,000 | -101,000,000 | 924,000,000 | -507,000,000 | -317,000,000 | 8,000,000 | 970,000,000 | -546,000,000 | -79,000,000 | -877,000,000 | 1,134,000,000 | -545,000,000 | -1,114,000,000 | -141,000,000 | 726,000,000 | -172,000,000 | -51,000,000 | 494,000,000 | 100,000,000 | -99,000,000 | 782,000,000 | -1,028,000,000 | -245,000,000 | 91,000,000 | 613,000,000 | -254,000,000 | -122,000,000 | 567,000,000 |
inventories | -7,562,000,000 | 148,000,000 | -807,000,000 | 6,445,000,000 | -7,966,000,000 | -705,000,000 | -529,000,000 | 9,338,000,000 | -7,543,000,000 | 376,000,000 | -154,000,000 | 8,480,000,000 | -5,278,000,000 | 969,000,000 | -4,699,000,000 | 899,000,000 | -9,938,000,000 | -1,238,000,000 | -1,487,000,000 | 5,865,000,000 | -10,726,000,000 | 245,000,000 | 2,221,000,000 | 7,258,000,000 | -7,778,000,000 | 641,000,000 | -421,000,000 | 5,968,000,000 | -7,720,000,000 | -106,000,000 | 547,000,000 | 6,306,000,000 | -6,679,000,000 | 167,000,000 | 66,000,000 | -6,571,000,000 | 791,000,000 | 264,000,000 | -6,410,000,000 | 1,248,000,000 | -1,475,000,000 | 5,700,000,000 | -6,526,000,000 | 20,000,000 | -423,000,000 | -6,799,000,000 | -15,000,000 | 584,000,000 |
accounts payable | 5,975,000,000 | 1,612,000,000 | -310,000,000 | -4,178,000,000 | 6,240,000,000 | 953,000,000 | 213,000,000 | -4,831,000,000 | 4,347,000,000 | 2,028,000,000 | 971,000,000 | -4,608,000,000 | 3,636,000,000 | 1,187,000,000 | -1,640,000,000 | -2,386,000,000 | 7,787,000,000 | 1,123,000,000 | -1,004,000,000 | -1,587,000,000 | 7,501,000,000 | 2,235,000,000 | -1,183,000,000 | -3,199,000,000 | 4,167,000,000 | 612,000,000 | -1,854,000,000 | -2,306,000,000 | 5,725,000,000 | 182,000,000 | -1,770,000,000 | -1,544,000,000 | 5,095,000,000 | 690,000,000 | -155,000,000 | 3,257,000,000 | 2,098,000,000 | -234,000,000 | 4,165,000,000 | -243,000,000 | -319,000,000 | -390,000,000 | 3,488,000,000 | 411,000,000 | -831,000,000 | 2,413,000,000 | 419,000,000 | -743,000,000 |
accrued liabilities | 2,347,000,000 | 2,174,000,000 | -3,627,000,000 | 1,186,000,000 | 603,000,000 | 3,239,000,000 | -4,649,000,000 | 2,971,000,000 | -2,927,000,000 | 3,079,000,000 | -4,447,000,000 | 3,039,000,000 | 3,793,000,000 | 2,510,000,000 | -4,949,000,000 | 2,126,000,000 | 690,000,000 | 2,592,000,000 | -4,004,000,000 | 2,827,000,000 | 368,000,000 | 3,537,000,000 | -2,109,000,000 | 1,293,000,000 | 550,000,000 | -143,000,000 | -1,514,000,000 | 80,000,000 | 1,805,000,000 | 111,000,000 | -1,813,000,000 | 418,000,000 | 2,230,000,000 | 118,000,000 | -1,838,000,000 | 1,643,000,000 | 203,000,000 | -590,000,000 | 1,522,000,000 | 59,000,000 | -919,000,000 | 666,000,000 | 1,179,000,000 | 346,000,000 | -942,000,000 | 114,000,000 | 1,318,000,000 | -1,527,000,000 |
accrued income taxes | 61,000,000 | -837,000,000 | 903,000,000 | -54,000,000 | 232,000,000 | -706,000,000 | 963,000,000 | -324,000,000 | -166,000,000 | -538,000,000 | 560,000,000 | -178,000,000 | 35,000,000 | -33,000,000 | 49,000,000 | 15,000,000 | 185,000,000 | -589,000,000 | 428,000,000 | -394,000,000 | -46,000,000 | -745,000,000 | 1,049,000,000 | -45,000,000 | -54,000,000 | -340,000,000 | 346,000,000 | 66,000,000 | 134,000,000 | -289,000,000 | 49,000,000 | 42,000,000 | -35,000,000 | -1,615,000,000 | 1,051,000,000 | -223,000,000 | -536,000,000 | 810,000,000 | 226,000,000 | -1,339,000,000 | 695,000,000 | 743,000,000 | -119,000,000 | -1,450,000,000 | 992,000,000 | -223,000,000 | -2,194,000,000 | 116,000,000 |
net cash from operating activities | 9,100,000,000 | 12,941,000,000 | 5,411,000,000 | 13,525,000,000 | 6,561,000,000 | 12,108,000,000 | 4,249,000,000 | 16,712,000,000 | 813,000,000 | 13,568,000,000 | 4,633,000,000 | 13,143,000,000 | 6,458,000,000 | 12,998,000,000 | -3,758,000,000 | 7,890,000,000 | 3,868,000,000 | 9,565,000,000 | 2,858,000,000 | 13,194,000,000 | 3,924,000,000 | 11,939,000,000 | 7,017,000,000 | 10,716,000,000 | 3,354,000,000 | 7,622,000,000 | 3,563,000,000 | 10,445,000,000 | 6,213,000,000 | 5,934,000,000 | 5,161,000,000 | 11,277,000,000 | 5,700,000,000 | 5,975,000,000 | 5,385,000,000 | 4,713,000,000 | 8,738,000,000 | 6,193,000,000 | 4,903,000,000 | 5,656,000,000 | 4,446,000,000 | 13,094,000,000 | 3,570,000,000 | 5,961,000,000 | 5,939,000,000 | 2,069,000,000 | 6,357,000,000 | 4,894,000,000 |
capital expenditures | -7,218,000,000 | -6,423,000,000 | -4,986,000,000 | -7,087,000,000 | -6,189,000,000 | -5,831,000,000 | -4,676,000,000 | -5,932,000,000 | -5,458,000,000 | -4,787,000,000 | -4,429,000,000 | -4,796,000,000 | -4,569,000,000 | -3,953,000,000 | -3,539,000,000 | -4,518,000,000 | -3,569,000,000 | -2,805,000,000 | -2,214,000,000 | -3,826,000,000 | -2,869,000,000 | -1,817,000,000 | -1,752,000,000 | -2,940,000,000 | -2,894,000,000 | -2,666,000,000 | -2,205,000,000 | -3,330,000,000 | -2,732,000,000 | -2,464,000,000 | -1,818,000,000 | -3,143,000,000 | -2,485,000,000 | -2,433,000,000 | -1,990,000,000 | -2,840,000,000 | -2,410,000,000 | -2,209,000,000 | -3,179,000,000 | -2,841,000,000 | -2,203,000,000 | -3,931,000,000 | -3,130,000,000 | -2,956,000,000 | -2,157,000,000 | -3,440,000,000 | -3,098,000,000 | -2,968,000,000 |
free cash flows | 1,882,000,000 | 6,518,000,000 | 425,000,000 | 6,438,000,000 | 372,000,000 | 6,277,000,000 | -427,000,000 | 10,780,000,000 | -4,645,000,000 | 8,781,000,000 | 204,000,000 | 8,347,000,000 | 1,889,000,000 | 9,045,000,000 | -7,297,000,000 | 3,372,000,000 | 299,000,000 | 6,760,000,000 | 644,000,000 | 9,368,000,000 | 1,055,000,000 | 10,122,000,000 | 5,265,000,000 | 7,776,000,000 | 460,000,000 | 4,956,000,000 | 1,358,000,000 | 7,115,000,000 | 3,481,000,000 | 3,470,000,000 | 3,343,000,000 | 8,134,000,000 | 3,215,000,000 | 3,542,000,000 | 3,395,000,000 | 1,873,000,000 | 6,328,000,000 | 3,984,000,000 | 1,724,000,000 | 2,815,000,000 | 2,243,000,000 | 9,163,000,000 | 440,000,000 | 3,005,000,000 | 3,782,000,000 | -1,371,000,000 | 3,259,000,000 | 1,926,000,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
payments for property and equipment | -7,218,000,000 | -6,423,000,000 | -4,986,000,000 | -7,087,000,000 | -6,189,000,000 | -5,831,000,000 | -4,676,000,000 | -5,932,000,000 | -5,458,000,000 | -4,787,000,000 | -4,429,000,000 | -4,796,000,000 | -4,569,000,000 | -3,953,000,000 | -3,539,000,000 | -4,518,000,000 | -3,569,000,000 | -2,805,000,000 | -2,214,000,000 | -3,826,000,000 | -2,869,000,000 | -1,817,000,000 | -1,752,000,000 | -2,940,000,000 | -2,894,000,000 | -2,666,000,000 | -2,205,000,000 | -3,330,000,000 | -2,732,000,000 | -2,464,000,000 | -1,818,000,000 | -3,143,000,000 | -2,485,000,000 | -2,433,000,000 | -1,990,000,000 | -2,840,000,000 | -2,410,000,000 | -2,209,000,000 | -3,179,000,000 | -2,841,000,000 | -2,203,000,000 | -3,931,000,000 | -3,130,000,000 | -2,956,000,000 | -2,157,000,000 | -3,440,000,000 | -3,098,000,000 | -2,968,000,000 |
proceeds from disposal of property and equipment | 28,000,000 | 16,000,000 | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposal of certain strategic investments | 24,000,000 | 267,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
other investing activities | -665,000,000 | -474,000,000 | -132,000,000 | -73,000,000 | -223,000,000 | -111,000,000 | 195,000,000 | -68,000,000 | -37,000,000 | -426,000,000 | -526,000,000 | 5,000,000 | 248,000,000 | -92,000,000 | -456,000,000 | 40,000,000 | -477,000,000 | -499,000,000 | 57,000,000 | 21,000,000 | 6,000,000 | -6,000,000 | 343,000,000 | -109,000,000 | 251,000,000 | 148,000,000 | -228,000,000 | -289,000,000 | -62,000,000 | -120,000,000 | 59,000,000 | -5,000,000 | 8,000,000 | -10,000,000 | -58,000,000 | 1,000,000 | 139,000,000 | -113,000,000 | 22,000,000 | -148,000,000 | -56,000,000 | 24,000,000 | -12,000,000 | -100,000,000 | 221,000,000 | -63,000,000 | ||
net cash from investing activities | -7,831,000,000 | -6,106,000,000 | -5,093,000,000 | -8,718,000,000 | -2,533,000,000 | -5,719,000,000 | -4,409,000,000 | -5,913,000,000 | -5,465,000,000 | -5,049,000,000 | -4,860,000,000 | -4,757,000,000 | -4,381,000,000 | -4,026,000,000 | -4,558,000,000 | -4,485,000,000 | -3,932,000,000 | -3,448,000,000 | 5,850,000,000 | -3,564,000,000 | -2,873,000,000 | -1,938,000,000 | -1,696,000,000 | -2,843,000,000 | -2,461,000,000 | -2,689,000,000 | -1,135,000,000 | -3,482,000,000 | -16,126,000,000 | -2,746,000,000 | -1,682,000,000 | -3,189,000,000 | -2,312,000,000 | -1,685,000,000 | -1,874,000,000 | -6,634,000,000 | -2,297,000,000 | -2,119,000,000 | -2,965,000,000 | -2,489,000,000 | -2,113,000,000 | -3,968,000,000 | -2,817,000,000 | -2,219,000,000 | -2,121,000,000 | -3,146,000,000 | -2,800,000,000 | -2,996,000,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
net change in short-term borrowings | 4,554,000,000 | -1,762,000,000 | 2,521,000,000 | -468,000,000 | 365,000,000 | -2,270,000,000 | 4,585,000,000 | -9,071,000,000 | 5,402,000,000 | 2,838,000,000 | 1,343,000,000 | -6,485,000,000 | -3,779,000,000 | -765,000,000 | 10,995,000,000 | -35,000,000 | -213,000,000 | 303,000,000 | 138,000,000 | -23,000,000 | -123,000,000 | -3,720,000,000 | 3,542,000,000 | -4,374,000,000 | 1,282,000,000 | -1,165,000,000 | -399,000,000 | -2,664,000,000 | 7,372,000,000 | -7,262,000,000 | 2,501,000,000 | 144,000,000 | 1,860,000,000 | 662,000,000 | 1,482,000,000 | 3,159,000,000 | -1,922,000,000 | 1,065,000,000 | 3,263,000,000 | 1,015,000,000 | -741,000,000 | -4,445,000,000 | 2,287,000,000 | -1,000,000 | -4,129,000,000 | 4,177,000,000 | 2,420,000,000 | -551,000,000 |
proceeds from issuance of long-term debt | 0 | 0 | 3,983,000,000 | 0 | 0 | 0 | 4,967,000,000 | 72,000,000 | 0 | 0 | 1,472,000,000 | 42,000,000 | 3,978,000,000 | 21,000,000 | 0 | 0 | 5,973,000,000 | 4,000,000 | 3,000,000 | 127,000,000 | -1,000,000 | -1,000,000 | 43,000,000 | 54,000,000 | 555,000,000 | 46,000,000 | 4,519,000,000 | 1,727,000,000 | 349,000,000 | 4,977,000,000 | ||||||||||||||||||
repayments of long-term debt | -1,750,000,000 | -651,000,000 | 0 | -1,243,000,000 | -1,574,000,000 | -4,000,000 | -150,000,000 | -2,279,000,000 | -1,784,000,000 | -1,250,000,000 | 0 | -513,000,000 | -926,000,000 | 0 | -10,000,000,000 | -2,500,000,000 | -510,000,000 | -1,250,000,000 | -1,195,000,000 | 0 | -1,500,000,000 | -43,000,000 | -364,000,000 | -734,000,000 | 0 | -529,000,000 | -2,521,000,000 | -4,202,000,000 | -4,682,000,000 | |||||||||||||||||||
dividends paid | -1,875,000,000 | -1,875,000,000 | -1,880,000,000 | -1,684,000,000 | -1,668,000,000 | -1,665,000,000 | -1,671,000,000 | -1,534,000,000 | -1,534,000,000 | -1,534,000,000 | -1,538,000,000 | -1,514,000,000 | -1,519,000,000 | -1,538,000,000 | -1,543,000,000 | -1,525,000,000 | -1,536,000,000 | -1,542,000,000 | -1,549,000,000 | -1,534,000,000 | -1,524,000,000 | -1,529,000,000 | -1,529,000,000 | -1,503,000,000 | -1,509,000,000 | -1,516,000,000 | -1,520,000,000 | -1,505,000,000 | -1,530,000,000 | -1,534,000,000 | -1,533,000,000 | -1,510,000,000 | -1,526,000,000 | -1,539,000,000 | -1,549,000,000 | -1,549,000,000 | -1,560,000,000 | -1,573,000,000 | -1,571,000,000 | -1,578,000,000 | -1,579,000,000 | -1,546,000,000 | -1,545,000,000 | -1,547,000,000 | -1,547,000,000 | -1,533,000,000 | -1,543,000,000 | -1,549,000,000 |
purchase of company stock | -808,000,000 | -1,645,000,000 | -4,555,000,000 | -1,445,000,000 | -977,000,000 | -1,013,000,000 | -1,059,000,000 | -1,497,000,000 | -111,000,000 | -485,000,000 | -686,000,000 | -1,212,000,000 | -2,961,000,000 | -3,339,000,000 | -2,408,000,000 | -2,419,000,000 | -2,168,000,000 | -2,391,000,000 | -2,809,000,000 | -1,439,000,000 | -463,000,000 | 0 | -723,000,000 | -888,000,000 | -1,122,000,000 | -1,572,000,000 | -2,135,000,000 | -3,249,000,000 | -2,317,000,000 | -1,305,000,000 | -539,000,000 | -1,640,000,000 | -2,209,000,000 | -2,262,000,000 | -2,185,000,000 | -1,402,000,000 | -2,117,000,000 | -2,735,000,000 | -437,000,000 | -1,003,000,000 | -280,000,000 | 0 | -82,000,000 | -307,000,000 | -626,000,000 | -1,710,000,000 | -1,850,000,000 | -2,246,000,000 |
other financing activities | -140,000,000 | -844,000,000 | -61,000,000 | -669,000,000 | -449,000,000 | -435,000,000 | -617,000,000 | -593,000,000 | -483,000,000 | -327,000,000 | -845,000,000 | 175,000,000 | -885,000,000 | -570,000,000 | -838,000,000 | -340,000,000 | -490,000,000 | -16,000,000 | -669,000,000 | -173,000,000 | -211,000,000 | -127,000,000 | -725,000,000 | -173,000,000 | -157,000,000 | -268,000,000 | -310,000,000 | -148,000,000 | -3,000,000 | -150,000,000 | -328,000,000 | -105,000,000 | -71,000,000 | 60,000,000 | -145,000,000 | -83,000,000 | 17,000,000 | -120,000,000 | -258,000,000 | -126,000,000 | -84,000,000 | -16,000,000 | -157,000,000 | -70,000,000 | -166,000,000 | -222,000,000 | -454,000,000 | -284,000,000 |
net cash from financing activities | -19,000,000 | -7,001,000,000 | 8,000,000 | -5,149,000,000 | -2,728,000,000 | -6,624,000,000 | -321,000,000 | -13,235,000,000 | 3,130,000,000 | -5,249,000,000 | 1,940,000,000 | -11,458,000,000 | -4,181,000,000 | -6,715,000,000 | 5,315,000,000 | -4,715,000,000 | -6,554,000,000 | -6,160,000,000 | -5,399,000,000 | -4,777,000,000 | -3,526,000,000 | -8,379,000,000 | 565,000,000 | -7,086,000,000 | -1,682,000,000 | -4,685,000,000 | -846,000,000 | -8,458,000,000 | 3,441,000,000 | 4,966,000,000 | -2,486,000,000 | -8,459,000,000 | -2,785,000,000 | -4,659,000,000 | -3,972,000,000 | 79,000,000 | -5,782,000,000 | -5,432,000,000 | -485,000,000 | -5,079,000,000 | -3,695,000,000 | -6,213,000,000 | -103,000,000 | -3,578,000,000 | -5,177,000,000 | 882,000,000 | -3,376,000,000 | -741,000,000 |
effect of exchange rates on cash, cash equivalents and restricted cash | -30,000,000 | 111,000,000 | 70,000,000 | -290,000,000 | -11,000,000 | -346,000,000 | 6,000,000 | 76,000,000 | -154,000,000 | -7,000,000 | 154,000,000 | 258,000,000 | -231,000,000 | -149,000,000 | 49,000,000 | -22,000,000 | -97,000,000 | 30,000,000 | -51,000,000 | 405,000,000 | -101,000,000 | 346,000,000 | -415,000,000 | 97,000,000 | 100,000,000 | -220,000,000 | -46,000,000 | 47,000,000 | -186,000,000 | -442,000,000 | 143,000,000 | |||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 1,220,000,000 | -55,000,000 | 396,000,000 | -632,000,000 | 1,289,000,000 | -581,000,000 | -475,000,000 | -2,360,000,000 | -1,676,000,000 | 3,263,000,000 | 1,867,000,000 | 2,108,000,000 | -2,952,000,000 | -1,332,000,000 | -6,715,000,000 | -13,000,000 | 3,258,000,000 | 5,258,000,000 | -2,576,000,000 | 1,968,000,000 | 5,471,000,000 | 884,000,000 | -689,000,000 | 28,000,000 | 1,536,000,000 | -1,448,000,000 | -6,658,000,000 | 7,712,000,000 | 1,136,000,000 | |||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | 0 | 0 | 9,536,000,000 | 0 | 0 | 0 | 9,935,000,000 | 0 | 0 | 0 | 8,841,000,000 | 0 | 0 | 0 | 14,834,000,000 | 0 | 0 | 0 | 17,788,000,000 | 0 | 0 | 1,000,000 | 9,514,000,000 | 0 | 0 | 0 | 7,756,000,000 | 0 | 0 | 0 | 7,014,000,000 | |||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 1,220,000,000 | -55,000,000 | 9,932,000,000 | 1,289,000,000 | -581,000,000 | 9,460,000,000 | -1,676,000,000 | 3,263,000,000 | 10,708,000,000 | -2,335,000,000 | 2,108,000,000 | 11,882,000,000 | -6,715,000,000 | -13,000,000 | 22,894,000,000 | -2,576,000,000 | 1,969,000,000 | 14,985,000,000 | -689,000,000 | 28,000,000 | 9,292,000,000 | -1,448,000,000 | -6,658,000,000 | 7,712,000,000 | 8,150,000,000 | |||||||||||||||||||||||
proceeds from the disposal of property and equipment | 220,000,000 | 72,000,000 | 87,000,000 | 30,000,000 | 86,000,000 | 47,000,000 | 44,000,000 | 54,000,000 | 37,000,000 | 35,000,000 | 104,000,000 | 114,000,000 | 104,000,000 | 72,000,000 | 116,000,000 | 16,000,000 | 23,000,000 | 60,000,000 | 103,000,000 | 90,000,000 | 86,000,000 | 42,000,000 | 211,000,000 | 103,000,000 | 7,000,000 | 198,000,000 | 77,000,000 | 89,000,000 | 16,000,000 | 196,000,000 | 523,000,000 | 171,000,000 | 89,000,000 | 75,000,000 | 219,000,000 | 68,000,000 | 111,000,000 | 369,000,000 | 42,000,000 | 48,000,000 | 409,000,000 | 77,000,000 | 35,000,000 | |||||
payments for business acquisitions, net of cash acquired | 0 | 0 | -10,000,000 | -114,000,000 | -18,000,000 | -598,000,000 | -111,000,000 | 0 | 0 | -5,000,000 | -165,000,000 | -10,000,000 | 0 | 0 | 0 | -56,000,000 | -1,387,000,000 | |||||||||||||||||||||||||||||||
dividends paid to noncontrolling interest | -559,000,000 | -5,000,000 | -545,000,000 | -4,000,000 | -428,000,000 | -404,000,000 | -6,000,000 | -358,000,000 | -10,000,000 | -148,000,000 | -148,000,000 | -163,000,000 | -96,000,000 | -179,000,000 | -81,000,000 | -105,000,000 | -66,000,000 | -154,000,000 | -63,000,000 | -419,000,000 | -54,000,000 | -50,000,000 | -213,000,000 | -57,000,000 | -175,000,000 | -365,000,000 | -69,000,000 | -199,000,000 | -62,000,000 | -311,000,000 | -28,000,000 | |||||||||||||||||
purchase of noncontrolling interest | 0 | 0 | 0 | 0 | 0 | -8,000,000 | 14,000,000 | 23,000,000 | -126,000,000 | -43,000,000 | -777,000,000 | -70,000,000 | -40,000,000 | -84,000,000 | -94,000,000 | -1,626,000,000 | ||||||||||||||||||||||||||||||||
sale of subsidiary stock | 327,000,000 | 6,000,000 | 14,000,000 | 15,000,000 | 9,000,000 | 10,000,000 | 214,000,000 | 483,000,000 | 11,000,000 | 10,000,000 | 10,000,000 | 35,000,000 | 8,000,000 | |||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | ||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | ||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposal of certain operations | 0 | 0 | 87,000,000 | 48,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
net unrealized and realized (gains) and losses | -1,000,000 | 1,989,000,000 | 609,000,000 | -1,188,000,000 | 942,000,000 | 2,077,000,000 | ||||||||||||||||||||||||||||||||||||||||||
losses on disposal of business operations | 0 | 0 | 0 | 433,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 1,004,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposal of certain operations, net of divested cash | 0 | 0 | 0 | 7,935,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
premiums paid to extinguish debt | 0 | -992,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
change in cash and cash equivalents reclassified from assets held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||
change in cash and cash equivalents reclassified from (to) assets held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized and realized losses | ||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||
asda pension contribution | ||||||||||||||||||||||||||||||||||||||||||||||||
change in cash and cash equivalents classified as held for sale | 0 | 0 | 1,848,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from the disposal of certain operations | 44,000,000 | 0 | 0 | 0 | 833,000,000 | 0 | 34,000,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents reclassified as assets held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gains) and losses | -2,877,000,000 | -3,223,000,000 | -783,000,000 | -975,000,000 | -180,000,000 | 52,000,000 | -783,000,000 | -211,000,000 | 1,788,000,000 | 94,000,000 | 1,845,000,000 | |||||||||||||||||||||||||||||||||||||
losses and (gains) on disposal of business operations | ||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of business operations | ||||||||||||||||||||||||||||||||||||||||||||||||
(gains) and losses for disposal of business operations | 16,000,000 | 4,000,000 | 91,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
changes in certain assets and liabilities, net of effects of acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||
purchase of available for sale securities | ||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions, net of cash acquired | -3,000,000 | -9,000,000 | -275,000,000 | -88,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rates on cash and cash equivalents | 101,000,000 | -46,000,000 | 293,000,000 | 139,000,000 | 105,000,000 | -580,000,000 | 250,000,000 | -214,000,000 | -96,000,000 | -14,000,000 | -496,000,000 | -116,000,000 | 8,000,000 | 90,000,000 | -85,000,000 | -20,000,000 | -83,000,000 | |||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -270,000,000 | 557,000,000 | -76,000,000 | -322,000,000 | -1,737,000,000 | 79,000,000 | -1,108,000,000 | 1,239,000,000 | -2,008,000,000 | -1,376,000,000 | 2,417,000,000 | 534,000,000 | 172,000,000 | -1,269,000,000 | -280,000,000 | 161,000,000 | 1,074,000,000 | |||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 0 | 0 | 0 | 6,867,000,000 | 0 | 0 | 8,705,000,000 | 0 | 0 | 9,135,000,000 | 0 | 0 | 0 | 7,281,000,000 | 0 | 0 | 7,781,000,000 | |||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 557,000,000 | -76,000,000 | 6,545,000,000 | -1,737,000,000 | 79,000,000 | 7,597,000,000 | 1,239,000,000 | -2,008,000,000 | 7,759,000,000 | 534,000,000 | 172,000,000 | 6,012,000,000 | -280,000,000 | 161,000,000 | 8,855,000,000 | |||||||||||||||||||||||||||||||||
payments of long-term debt | -1,513,000,000 | -14,000,000 | -13,000,000 | -2,013,000,000 | -1,263,000,000 | -2,244,000,000 | -915,000,000 | -21,000,000 | -1,015,000,000 | -1,294,000,000 | -1,574,000,000 | -1,557,000,000 | -2,298,000,000 | -1,088,000,000 | ||||||||||||||||||||||||||||||||||
investment and business acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of income taxes | 0 | 0 | -270,000,000 | -15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 3,414,000,000 | 3,635,000,000 | 3,283,000,000 | 5,188,000,000 | 3,826,000,000 | 4,089,000,000 | 3,711,000,000 | |||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income from continuing operations to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||
changes in certain assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||
investments and business acquisitions, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of income taxes |