Acc 205 Final Paper Example
Final Paper
Randy Scott
ACC 205
Eric Weitner
September 29, 2014
Walmart
Company Overview
Walmart helps people around the world save money and live better -- anytime and anywhere -- in retail stores, online and through their mobile devices. Each week, more than 245 million customers and members visit our nearly 11,000 stores under 71 banners in 27 countries and e-commerce websites in 10 countries. With fiscal year 2014 sales of approximately $473 billion, Walmart employs 2.2 million associates worldwide.
Horizontal Analysis of Income Statement and Balance Sheet
Fiscal year ends in January. USD in millions except per share data.
2011-01
2012-01
2013-01
2014-01
TTM
Revenue
100.00%
100.00%
100.00%
100.00%
100.00%
Cost of revenue
74.74%
74.98%
75.13%
75.18%
75.21%
Gross profit
25.26%
25.02%
24.87%
24.82%
24.79%
Operating expenses
Sales, General and administrative
19.21%
19.08%
18.94%
19.18%
19.25%
Total operating expenses
19.21%
19.08%
18.94%
19.18%
19.25%
Operating income
6.05%
5.94%
5.93%
5.64%
5.53%
Interest Expense
0.52%
0.52%
0.48%
0.49%
0.49%
Other income (expense)
0.05%
0.04%
0.04%
0.02%
0.02%
Income before income taxes
5.58%
5.46%
5.49%
5.18%
5.07%
Provision for income taxes
1.80%
1.78%
1.70%
1.70%
1.69%
Minority interest
0.14%
0.15%
0.16%
0.14%
0.16%
Other income
0.14%
0.15%
0.16%
0.14%
0.16%
Net income from continuing operations
3.78%
3.68%
3.78%
3.47%
3.37%
Net income from discontinuing ops
0.25%
-0.01%
0.03%
0.08%
Other
-0.14%
-0.15%
-0.16%
-0.14%
-0.16%
Net income
3.89%
3.51%
3.62%
3.36%
3.30%
Net income available to common shareholders
3.89%
3.51%
3.62%
3.36%
3.30%
Earnings per share
Basic
4.48
4.54
5.04
4.9
4.89
Diluted
4.47
4.52
5.02
4.88
4.87
Weighted average shares outstanding
Basic
3656
3460
3374
3269
3240
Diluted
3670
3474
3389
3283
3252
EBITDA
7.91%
7.80%
7.78%
7.53%
7.43%
Balance Sheet
Fiscal year ends in January. USD in millions except per share data.
2011-01
2012-01
2013-01
2014-01
Assets
Current assets
Cash
Randy Scott
ACC 205
Eric Weitner
September 29, 2014
Walmart
Company Overview
Walmart helps people around the world save money and live better -- anytime and anywhere -- in retail stores, online and through their mobile devices. Each week, more than 245 million customers and members visit our nearly 11,000 stores under 71 banners in 27 countries and e-commerce websites in 10 countries. With fiscal year 2014 sales of approximately $473 billion, Walmart employs 2.2 million associates worldwide.
Horizontal Analysis of Income Statement and Balance Sheet
Fiscal year ends in January. USD in millions except per share data.
2011-01
2012-01
2013-01
2014-01
TTM
Revenue
100.00%
100.00%
100.00%
100.00%
100.00%
Cost of revenue
74.74%
74.98%
75.13%
75.18%
75.21%
Gross profit
25.26%
25.02%
24.87%
24.82%
24.79%
Operating expenses
Sales, General and administrative
19.21%
19.08%
18.94%
19.18%
19.25%
Total operating expenses
19.21%
19.08%
18.94%
19.18%
19.25%
Operating income
6.05%
5.94%
5.93%
5.64%
5.53%
Interest Expense
0.52%
0.52%
0.48%
0.49%
0.49%
Other income (expense)
0.05%
0.04%
0.04%
0.02%
0.02%
Income before income taxes
5.58%
5.46%
5.49%
5.18%
5.07%
Provision for income taxes
1.80%
1.78%
1.70%
1.70%
1.69%
Minority interest
0.14%
0.15%
0.16%
0.14%
0.16%
Other income
0.14%
0.15%
0.16%
0.14%
0.16%
Net income from continuing operations
3.78%
3.68%
3.78%
3.47%
3.37%
Net income from discontinuing ops
0.25%
-0.01%
0.03%
0.08%
Other
-0.14%
-0.15%
-0.16%
-0.14%
-0.16%
Net income
3.89%
3.51%
3.62%
3.36%
3.30%
Net income available to common shareholders
3.89%
3.51%
3.62%
3.36%
3.30%
Earnings per share
Basic
4.48
4.54
5.04
4.9
4.89
Diluted
4.47
4.52
5.02
4.88
4.87
Weighted average shares outstanding
Basic
3656
3460
3374
3269
3240
Diluted
3670
3474
3389
3283
3252
EBITDA
7.91%
7.80%
7.78%
7.53%
7.43%
Balance Sheet
Fiscal year ends in January. USD in millions except per share data.
2011-01
2012-01
2013-01
2014-01
Assets
Current assets
Cash
References: http://financials.morningstar.com/income-statement/is.html?t=WMT®ion=usa&culture=en-US http://www.stock-analysis-on.net/NYSE/Company/Wal-Mart-Stores-Inc/Financial-Statement/Income-Statement