Summary
Walmart's 2015 10-K filing showcases a company operating at a massive scale, with total revenues of $485.7 billion for the fiscal year ending January 31, 2015. The company emphasizes its strategy of leading on price with an 'Everyday Low Price' (EDLP) and 'Everyday Low Cost' (EDLC) philosophy, aiming to provide value to its nearly 260 million weekly customers across over 11,000 stores in 27 countries. The report highlights the three core reporting segments: Walmart U.S., Walmart International, and Sam's Club, with Walmart U.S. being the largest contributor to net sales and operating income. Significant focus is placed on the integration of physical and digital retail, aiming for a seamless customer experience. The company is also undertaking initiatives, such as a significant investment in pay and training for U.S. associates announced in February 2015, impacting approximately 500,000 employees. The filing also acknowledges various risks, including economic downturns, currency fluctuations, competition, and significant ongoing investigations into Foreign Corrupt Practices Act (FCPA) violations, which could materially affect future operations and financial performance.
Financial Highlights
51 data points| Revenue | $485.65B |
| Cost of Revenue | $365.09B |
| Gross Profit | $120.56B |
| SG&A Expenses | $93.42B |
| Operating Income | $27.15B |
| Interest Expense | $2.16B |
| Net Income | $16.36B |
| EPS (Basic) | $1.69 |
| EPS (Diluted) | $1.68 |
| Shares Outstanding (Basic) | 9.69B |
| Shares Outstanding (Diluted) | 9.73B |
Key Highlights
- 1Total revenues reached $485.7 billion for the fiscal year ending January 31, 2015, serving approximately 260 million customers weekly across 11,000+ stores in 27 countries.
- 2Walmart U.S. is the largest segment, contributing approximately 60% of net sales and historically the highest gross profit rate.
- 3Walmart International generated approximately 28% of net sales, operating in 26 countries and encompassing diverse retail, wholesale, and digital formats.
- 4Sam's Club accounted for approximately 12% of net sales, operating as a membership-only warehouse club model.
- 5The company is actively integrating digital and physical retail, with e-commerce websites in 11 countries and mobile capabilities.
- 6A significant initiative was announced in February 2015 to increase pay and enhance training for approximately 500,000 U.S. associates, starting in fiscal year 2016.
- 7The company faces risks including economic volatility, foreign exchange rate fluctuations, intense competition, and ongoing investigations related to FCPA violations.