Walmart Financial Statment Analysis 201

Topics: Generally Accepted Accounting Principles, Balance sheet, Asset / Pages: 6 (924 words) / Published: Nov 20th, 2014
WALMART INC
Consolidated Balance Sheets
Walmart’s Statement of Financial Position on January 31, 2012 is given below together with some transactions reported during the fiscal year 2012.

(Amounts in millions)
January 31, 2012
Assets

Current assets:

Cash and cash equivalents
$6,550
Receivables
5,937
Inventories
40,714
Prepaid expenses and other
1,774
Total current assets
54,975
Property and equipment, at cost:

Land
25,612
Buildings and improvements
90,686
Fixtures and equipment
40,903
Transportation equipment
2,796
Construction in progress
5,828
Property and equipment, at cost
155,002
Less accumulated depreciation
(45,399)
Property and equipment, net
109,603
Property under capital lease:

Property under capital lease, Goodwill & Other assets
28,828
Total assets
$193,406

Liabilities and Shareholders’ Equity

Current liabilities:

Commercial paper
$4,047
Accounts payable
36,608
Accrued liabilities
18,180
Accrued income taxes
1,164
Long-term debt due within one year
1,975
Other current
326
Total current liabilities
62,300

Long-term debt

44,070 Deferred income taxes
7,862
Other Noncurrent Liabilities (including nonredeemable noncontrolling interest)
7,859

Commitments and contingencies

Shareholders’ equity:

Common stock ($0.10 par value; 11,000 shares authorized 3,516 issued and outstanding at January 31, 2011, respectively

342 Capital in excess of par value
3,692
Retained earnings
67,281
Total shareholders’ equity
71,315
Total liabilities and shareholders’ equity
$193,406

Walmart was involved in the following transactions in fiscal 2012. All figures are in millions.

1. The company purchased $355,577 of inventory on account.
2. The company sold gift cards for which $2,365 is collected in cash. The cards expire in one year. The company does not recognize this as revenue until customers actually use (redeem) the cards.
3. The company

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