Overview of Walmart Financial ActicitiesEssay Preview: Overview of Walmart Financial ActicitiesReport this essayMAUREEN CARSON OPERATING ACTIVITIES 1Overview of Operating Activities for Wal-Mart Stores, Inc.Maureen Seitzinger-CarsonLasell UniversityMGMT 704.B Daniel BordenMAUREEN CARSON OPERATING ACTIVITIES 2The operating activities of Wal-Mart Stores, Inc. will be reviewed from the two most recent year-end financial statements. The Income Statement, Balance Sheet and Statement of Cash Flows will be assessed with the elements most affected by operating activities emphasized. Exhibits for each will be displayed summarizing specific information. Extraordinary gains and losses will be examined, as well as any cumulative effects of accounting changes.
Larger and more comprehensive sources of information will be used to better understand the financial and operating performance of Wal-Mart Stores, Inc. and its subsidiaries. Wal-Mart’s most recent financial statements and consolidated financial statements will be available at www.walmart.com.
3.2. Data Sets, Accounting Standards and Procedures
4. Financial Statements of Wal-Mart Stores., Inc.Financial Statement Year Ended September 30, 2015 September 30, 2016 September 30, 2017 The following table summarizes financial statements, including historical reporting and consolidated financial statements, for the financial time periods presented in the following tables and other information and reference: Three Months Ended September 30, 2015 (in millions) 2013 2013 (in millions) 2012(in millions) 2011* Wal-Mart Stores , Inc. $ (18,531 ) $ (18,731 ) $ (18,836 ) $ (19,962 ) $ 4,944 $ 1,739 $ (14,742 ) $ (869 ) $ (1,918 ) $ (7,987 )
(23 ) In 2011 the Company engaged in an online marketing program to convert more than $3.3 billion of retail purchases into the sale of retail merchandise globally, an amount equal to approximately 60% of retail sales in the United States. As an expense, Walmart reported a loss of approximately $21.6 million from the period ended December 31, 2011 to December 31, 2014.
(24 ) The Company paid for over 30 thousand products during the period ended December 31, 2011 and consolidated sales of $49.8 million, $48.9 million and $48.4 million, respectively, and over 6.5 million sales from the period ended December 31, 2015 to the end of the 2013 accounting period.
(25 ) The Company is also responsible for providing marketing services and in-house sales fulfillment with Walmart, Inc.
(26 ) The Company owns, leases and owns real property in Australia and the United States where it operates stores.
(27 ) The Company also offers products to retail stores and to participating retailers and to its suppliers for a variety of retail purposes, including.
( 28 ) The Company maintains a data-driven and proprietary systems for processing individual Walmart store orders.
( 29 ) The Company has one or more customer data storage operations. The Company stores 3.6 million customers in the United States, and 2.7 million in Canada for products and services for that customer demographic. The Company operates in approximately 50 U.S. states and Puerto Rico.
( 30 ) The Company has a number of Internet footprint operations that it operates, which includes. A majority of the online content produced and delivered via its websites can be viewed and downloaded by its users. Although the company sells thousands of online content programs to more than 1 million people daily, sales of its website products for over 8
Larger and more comprehensive sources of information will be used to better understand the financial and operating performance of Wal-Mart Stores, Inc. and its subsidiaries. Wal-Mart’s most recent financial statements and consolidated financial statements will be available at www.walmart.com.
3.2. Data Sets, Accounting Standards and Procedures
4. Financial Statements of Wal-Mart Stores., Inc.Financial Statement Year Ended September 30, 2015 September 30, 2016 September 30, 2017 The following table summarizes financial statements, including historical reporting and consolidated financial statements, for the financial time periods presented in the following tables and other information and reference: Three Months Ended September 30, 2015 (in millions) 2013 2013 (in millions) 2012(in millions) 2011* Wal-Mart Stores , Inc. $ (18,531 ) $ (18,731 ) $ (18,836 ) $ (19,962 ) $ 4,944 $ 1,739 $ (14,742 ) $ (869 ) $ (1,918 ) $ (7,987 )
(23 ) In 2011 the Company engaged in an online marketing program to convert more than $3.3 billion of retail purchases into the sale of retail merchandise globally, an amount equal to approximately 60% of retail sales in the United States. As an expense, Walmart reported a loss of approximately $21.6 million from the period ended December 31, 2011 to December 31, 2014.
(24 ) The Company paid for over 30 thousand products during the period ended December 31, 2011 and consolidated sales of $49.8 million, $48.9 million and $48.4 million, respectively, and over 6.5 million sales from the period ended December 31, 2015 to the end of the 2013 accounting period.
(25 ) The Company is also responsible for providing marketing services and in-house sales fulfillment with Walmart, Inc.
(26 ) The Company owns, leases and owns real property in Australia and the United States where it operates stores.
(27 ) The Company also offers products to retail stores and to participating retailers and to its suppliers for a variety of retail purposes, including.
( 28 ) The Company maintains a data-driven and proprietary systems for processing individual Walmart store orders.
( 29 ) The Company has one or more customer data storage operations. The Company stores 3.6 million customers in the United States, and 2.7 million in Canada for products and services for that customer demographic. The Company operates in approximately 50 U.S. states and Puerto Rico.
( 30 ) The Company has a number of Internet footprint operations that it operates, which includes. A majority of the online content produced and delivered via its websites can be viewed and downloaded by its users. Although the company sells thousands of online content programs to more than 1 million people daily, sales of its website products for over 8
Accounting methods used, revenues, accounts receivable and inventory will briefly be described. Last in, first out (LIFO) reserves and liquidations will be defined and briefly explained. Trends will be analyzed concerning operating results and ratios with a preliminary assessment made. The implications of specific trends will be briefly discussed. The overall operating effectiveness and operating efficiency will be described; documenting the accounting ratios to support these conclusions.
The following shows amounts for each category from Wal-Marts Income Statement that will be used in the following graphs:Sales Revenue421.85B408.08BCosts of goods sold315.29B304.44BOperating Expenses396.31B384.08BIncome Taxes7.58B7.16BNet Income (loss)16.39B14.37BEarnings Per ShareMAUREEN CARSON OPERATING ACTIVITIES 3The following shows graph for: Revenues, Net Income and Earnings Per Share:The following shows graph for: operating expenses (MAUREEN CARSON OPERATING ACTIVITIES 4Extraordinary losses were shown for 1/31/2011 in the amount of $1.0 Billion, and 1/31/2010 in the amount of $545 Million related to net investment hedges of Wal-Marts operations in the United Kingdom and Japan. The losses were a result of currency translation adjustments from currency changes in these countries. Extraordinary gains were shown when “Wal-Mart reclassified $14 Million in 2011 and $83 Million in 2010 from accumulated other comprehensive income (loss) to earnings to offset currency translation losses on the remeasurement of non-US-denominated debt.” (www.walmartstores.com) Wal-Mart had income from discontinued operations during the fourth quarter of fiscal 2011 when a suit was settled with the Internal Revenue Service, which resulted in the reclassification of the deduction as an ordinary loss. This income was in the amount of $1.7 Billion and related to the fiscal 2007 disposition of its German operations. Cumulative effects of accounting changes are shown for 2010 as a result of a new financial system designed for the United States, Canada and Puerto Rico in the amount of $(52) Million in sales adjustment.
A comparison of cash flow from operating activities to the income from continuing operations for Wal-Mart for the years 2010 and 2011 shows results: (For the amount they differ):
2011= $(1,034) Million2010= $79 MillionThe increase from continuing operations for 2010 is a result of increased productivity and improved inventory management. The loss shown for 2011 is a result of discontinued operations from the suit settled with the Internal Revenue Service.
MAUREEN CARSON OPERATING ACTIVITIES 5The following summarizes Wal-Marts Balance Sheets for selected items:2011Balance of accounts receivable minus debts1.8%B1.9%BAccounts receivable (net)5,0894,144Inventories36,31832,713Income Taxes payable7.58B7.16BDeferred income taxes6.68B5.51BThe accounting method used to compute allowance for bad debts as a percentage of ending accounts