Walmart Inc.

NYSE-WMT

Operating Activities	Jul '25	Jan '25	Jul '24	Jan '24	Jul '23	Jan '23
Net Income	11,790	10,139	10,018	6,321	9,949	4,042
Depreciation & Amortization	6,856	6,634	6,339	6,103	5,750	5,566
Depreciation and Amortization
Other Adjustments	855	1,991	1,141	5,148	512	1,708
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	-405	-1,186	80	-912	115	-634
Receivables, Net
Changes in Inventories	-659	-1,521	-1,234	1,795	222	3,202
Inventories
Changes in Accounts Payable	1,302	2,062	1,166	-484	2,999	-972
Accounts Payable
Changes in Accrued Expenses	-1,453	1,789	-1,410	44	-1,368	6,832
Accrued Liabilities
Changes in Income Taxes Payable	66	178	257	-490	22	-143
Accrued Income Taxes
Cash from Operating Activities	18,352	20,086	16,357	17,525	18,201	19,601
Net Cash Provided by Operating Activities

Investing Activities	Jul '25	Jan '25	Jul '24	Jan '24	Jul '23	Jan '23
Capital Expenditure	-11,409	-13,276	-10,507	-11,390	-9,216	-9,365
Payments for Property and Equipment
Proceeds from Sale of Property, Plant & Equipment	41	140	292	117	133	98
Proceeds from Disposal of Property and Equipment
Purchases of Investments	—	—	—	—	—	—
Purchase of Available for Sale Securities
Proceeds from Sale of Investments	775	-149	149	—	—	—
Proceeds from Disposal of Certain Strategic Investments
Payments for Business Acquisitions	—	-1,896	—	-9	—	-124
Payments for Business Acquisitions, Net of Cash Acquired
Proceeds from Business Divestments	—	4,077	3	-135	135	—
Proceeds from Disposal of Certain Operations, Net of Divested Cash
Proceeds from Disposal of Certain Operations
Other Investing Activities	-606	-150	-62	39	-961	253
Other Investing Activities
Cash from Investing Activities	-11,199	-11,251	-10,128	-11,378	-9,909	-9,138
Net Cash Provided by Investing Activities

Financing Activities	Jul '25	Jan '25	Jul '24	Jan '24	Jul '23	Jan '23
Net Issuance / (Repayments) of Short-Term Debt	759	-103	2,315	-3,669	4,181	-10,264
Net Change in Short-Term Borrowings
Issuance of Long-Term Debt	3,983	—	—	—	4,967	5,041
Proceeds from Issuance of Long-Term Debt
Repayments of Long-Term Debt	-875	-651	-2,817	-154	-4,063	-1,250
Repayments of Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	3,108	-651	-2,817	-154	904	3,791
Repurchases of Common Shares	-6,200	-2,422	-2,072	-1,608	-1,171	-4,173
Purchase of Company Stock
Net Issuance / (Repurchases) of Common Shares	-6,200	-2,422	-2,072	-1,608	-1,171	-4,173
Common Share Dividends Paid	-3,755	-3,352	-3,336	-3,068	-3,072	-3,033
Dividends Paid
Other Financing Activities	-905	-1,349	-1,035	-1,606	-4,151	-1,960
Premiums Paid to Extinguish Debt
Dividends Paid to Noncontrolling Interest
Purchase of Noncontrolling Interest
Sale of Subsidiary Stock
Other Financing Activities
Cash from Financing Activities	-6,993	-7,877	-6,945	-10,105	-3,309	-15,639
Net Cash Provided by Financing Activities