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Financial Report

2012 Financial Review

Five–Year Financial Summary

(Dollar amounts in millions, except per share and unit count data)
As of and for the Fiscal Years Ended January 31,
 
2012
2011
2010
2009
2008
Operating Results          
Net sales
$443,854   
$418,952   
$405,132   
$401,087   
$373,821   
Net sales increase
5.9 %
3.4 %
1.0 %
7.3 %
8.4 %
Comparable sales in the United States (1)
1.6 %
-0.6 %
-0.8 %
3.5 %
1.6 %
   Walmart U.S.
0.3 %
-1.5 %
-0.7 %
3.2 %
1.0 %
   Sam's Club
8.4 %
3.9 %
-1.4 %
4.9 %
4.9 %
Gross profit margin
24.5 %
24.8 %
24.9 %
24.3 %
24.1  %
Operating, selling, general and administrative expenses, as a percentage of net sales
19.2 %
19.4 %
19.7 %
19.4 %
19.1 %
Operating income
$  26,558   
$  25,542   
$  24,002   
$  22,767   
$  21,916   
Income from continuing operations attributable to Walmart
15,766   
15,355   
14,449   
13,235   
12,841   
Net income per share of common stock:          
Diluted net income per common share from continuing operations attributable to Walmart
$      4.54   
$      4.18   
$      3.73   
$      3.35   
$      3.15   
Dividends declared per common share
1.46   
1.21   
1.09   
0.95   
0.88   
Financial Position          
Inventories
$  40,714   
$  36,437   
$  32,713   
$  34,013   
$  34,690   
Property, equipment and capital lease assets, net
112,324   
107,878   
102,307   
95,653   
96,867   
Total assets
193,406   
180,782   
170,407   
163,096   
163,200   
Long-term debt, including obligations under capital leases
47,079   
43,842   
36,401   
34,549   
33,402   
Total Walmart shareholders' equity
71,315   
68,542   
70,468   
64,969   
64,311   
Unit Counts          
Walmart U.S. segment
3,868   
3,804   
3,755   
3,703   
3,595   
Walmart International segment
5,651   
4,557   
4,099   
3,595   
3,093   
Sam's Club segment
611   
609   
605   
611   
600   
Total units
10,130   
8,970   
8,459   
7,909   
7,288   

(1)

Comparable store and club sales include fuel. Fiscal 2008 comparable sales include all stores and clubs that were open for at least the previous 12 months; however, stores and clubs that were relocated, expanded or converted are excluded from comparable sales for the first 12 months following the relocation, expansion or conversion. Fiscal 2012, 2011, 2010 and 2009 comparable sales include sales from stores and clubs open for the previous 12 months, including remodels, relocations and expansions, as well as online sales.