Final Paper ACC 205 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 | | | |