Walmart Inc.

NYSE-WMT

Operating Activities	LTM	Jan '25	Jan '24	Jan '23	Jan '22	Jan '21	Jan '20	Jan '19	Jan '18	Jan '17	Jan '16
Net Income	23,303	20,157	16,270	11,292	13,940	13,706	15,201	7,179	10,523	14,293	15,080
Income from Continuing Operations
Depreciation & Amortization	13,836	12,973	11,853	10,945	10,658	11,152	10,987	10,678	10,529	10,080	9,454
Depreciation and Amortization
Other Adjustments	2,201	3,132	5,660	4,051	6,180	3,244	-606	9,601	4,042	967	738
Income from Discontinued Operations, Net of Income Taxes
Investment Gains and Losses, Net
Gains and Losses for Disposal of Business Operations
Asda Pension Contribution
Deferred Income Taxes
Loss on Extinguishment of Debt
Other Operating Activities
Changes in Trade Receivables	-1,839	-1,106	-797	240	-1,796	-1,086	154	-368	-1,074	-402	-19
Receivables, Net
Changes in Inventories	-1,776	-2,755	2,017	-528	-11,764	-2,395	-300	-1,311	-140	1,021	-703
Inventories
Changes in Accounts Payable	3,099	3,228	2,515	-1,425	5,520	6,966	-274	1,831	4,086	3,942	2,008
Accounts Payable
Changes in Accrued Expenses	2,080	379	-1,324	4,393	1,404	4,623	186	183	928	1,280	1,466
Accrued Liabilities
Changes in Income Taxes Payable	73	435	-468	-127	39	-136	-93	-40	-557	492	-472
Accrued Income Taxes
Cash from Operating Activities	40,977	36,443	35,726	28,841	24,181	36,074	25,255	27,753	28,337	31,673	27,552
Net Cash Provided by Operating Activities

Investing Activities	LTM	Jan '25	Jan '24	Jan '23	Jan '22	Jan '21	Jan '20	Jan '19	Jan '18	Jan '17	Jan '16
Capital Expenditure	-25,714	-23,783	-20,606	-16,857	-13,106	-10,264	-10,705	-10,344	-10,051	-10,619	-11,477
Payments for Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	143	432	250	170	394	215	321	519	378	456	635
Proceeds from Disposal of Property and Equipment
Purchases of Investments	—	—	—	—	—	—	—	—	—	-1,901	—
Purchase of Available for Sale Securities
Payments for Business Acquisitions	—	-1,896	-9	-740	-359	-180	-56	-14,656	-375	-2,463	—
Payments for Business Acquisitions, Net of Cash Acquired
Proceeds from Business Divestments	—	4,080	—	—	7,935	56	833	876	1,046	662	246
Proceeds from Disposal of Certain Operations, Net of Divested Cash
Proceeds from Disposal of Certain Operations
Other Investing Activities	-1,347	-212	-922	-295	-879	102	479	-431	-77	-31	-79
Other Investing Activities
Cash from Investing Activities	-27,748	-21,379	-21,287	-17,722	-6,015	-10,071	-9,128	-24,036	-9,079	-13,896	-10,675
Net Cash Provided by Investing Activities

Financing Activities	LTM	Jan '25	Jan '24	Jan '23	Jan '22	Jan '21	Jan '20	Jan '19	Jan '18	Jan '17	Jan '16
Net Issuance / (Repayments) of Short-Term Debt	4,845	2,212	512	-34	193	-324	-4,656	-53	4,148	-1,673	1,235
Net Change in Short-Term Borrowings
Issuance of Long-Term Debt	—	—	4,967	5,041	6,945	—	5,492	15,872	7,476	137	39
Proceeds from Issuance of Long-Term Debt
Repayments of Long-Term Debt	-3,276	-3,468	-4,217	-2,689	-13,010	-5,382	-1,907	-3,784	-13,061	-2,055	-4,432
Repayments of Long-Term Debt
Payment of Capital Lease Obligations
Net Issuance / (Repayments) of Long-Term Debt	-3,276	-3,468	750	2,352	-6,065	-5,382	3,585	12,088	-5,585	-1,918	-4,393
Repurchases of Common Shares	-8,453	-4,494	-2,779	-9,920	-9,787	-2,625	-5,717	-7,410	-8,296	-8,298	-4,112
Purchase of Company Stock
Net Issuance / (Repurchases) of Common Shares	-8,453	-4,494	-2,779	-9,920	-9,787	-2,625	-5,717	-7,410	-8,296	-8,298	-4,112
Common Share Dividends Paid	-7,314	-6,688	-6,140	-6,114	-6,152	-6,116	-6,048	-6,102	-6,124	-6,216	-6,294
Dividends Paid
Other Financing Activities	-1,732	-2,384	-5,757	-3,323	-1,017	-1,670	-1,463	-1,060	-4,018	-967	-2,721
Premiums Paid to Extinguish Debt
Dividends Paid to and Stock Purchases of Noncontrolling Interest
Dividends Paid to Noncontrolling Interest
Purchase of Noncontrolling Interest
Sale of Subsidiary Stock
Other Financing Activities
Cash from Financing Activities	-12,161	-14,822	-13,414	-17,039	-22,828	-16,117	-14,299	-2,537	-19,875	-19,072	-16,285
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Jan '25	Jan '24	Jan '23	Jan '22	Jan '21	Jan '20	Jan '19	Jan '18	Jan '17	Jan '16
Free Cash Flow	15,263	12,660	15,120	11,984	11,075	25,810	14,550	17,409	18,286	21,054	16,075
NOPAT	22,166.2	22,485.4	20,115.6	13,556.2	19,342.7	15,028.3	15,542.6	13,754.7	14,220.6	15,873.8	16,799.3
Levered Free Cash Flow	16,077	8,657	10,760	10,399	552	17,750	13,611	19,702	13,220	16,248	11,812
Unlevered Free Cash Flow	13,764.2	12,962.4	14,102.6	9,957.2	12,093.7	24,974.3	15,343.6	14,751.7	19,015.6	22,069.8	17,075.3
Net Change in Cash	1,068	242	1,025	-5,920	-4,662	9,886	1,828	1,180	-617	-1,295	592