WAL MART STORES INC (WMT) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, January 31, 2017

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Walmart U.S. Q4 comps grew 1.8% and Walmart U.S. eCommerce GMV grew 36.1%,
Company reports GAAP Q4 FY17 EPS of $1.22 and full-year GAAP EPS of $4.38,
Q4 adjusted EPS1 of $1.30 and full-year adjusted EPS1 of $4.32

Fourth-quarter highlights
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Diluted EPS was $1.22, which includes the impact of the discrete items detailed in this press release. Excluding these items1, EPS was $1.30.
 
“We're moving with speed to become more of a digital enterprise and better serve customers. We had a very solid fourth quarter with U.S. comp sales growth of 1.8 percent and U.S. e-commerce GMV growth of 36 percent. Our international business is consistently delivering solid sales growth in constant currency, and Sam's Club posted its best comp sales growth of the year. I want to thank our talented associates for their work. We have more work to do, but I'm pleased with our progress.”


Doug McMillon, President and CEO, Wal-Mart Stores, Inc.
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Total revenue was $130.9 billion, an increase of 1.0%. Excluding currency1, total revenue was $133.6 billion, an increase of 3.0%.
 
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Walmart U.S. comp sales increased 1.8%, driven by a traffic increase of 1.4%. Neighborhood Market comps increased approximately 5.3%.
 
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E-commerce growth at Walmart U.S. was strong as sales and GMV increased 29.0% and 36.1%, respectively, including Jet.com and online grocery.
 
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Net sales at Walmart International were $31.0 billion, a decrease of 5.1%. Excluding currency1, net sales were $33.7 billion, an increase of 3.0%.
 
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The company generated $11.9 billion in operating cash flow and returned $3.6 billion to shareholders through dividends and share repurchases.

Fiscal 2017 highlights
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Diluted EPS from continuing operations was $4.38, which includes certain discrete items detailed in this press release. Excluding these items1, EPS was $4.32.
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Total revenue was $485.9 billion, an increase of 0.8%. Excluding currency1, total revenue was $496.9 billion, an increase of 3.1%.
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Operating income was $22.8 billion, a decrease of 5.6%. Excluding currency1, operating income was $23.4 billion, a decrease of 2.9%.
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The company generated $31.5 billion in operating cash flow and returned $14.5 billion to shareholders through dividends and share repurchases.
Key results
 
(Amounts in millions, except as noted)
 
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Q4 FY17
Q4 FY16
Change
 
 
Revenue
$130,936
$129,667
$1,269
1.0%
 
Revenue (constant currency)1
$133,584
$129,667
$3,917
3.0%
 
Operating income
$6,205
$6,642
-$437
-6.6%
 
Operating income (constant currency)1
$6,414
$6,642
-$228
-3.4%






1 See additional information at the end of this release regarding non-GAAP financial measures.
NYSE: WMT
February 21, 2017
stock.walmart.com




The following information was filed by WAL MART STORES INC on Tuesday, February 21, 2017 as an 8K 2.02 statement, which is a press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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  • wmt_10k_2017-03-31_5_5
    Financial - Income
    The information required by this item is incorporated by reference to all information under the captions Consolidated Statements of Income, Consolidated Statements of Comprehensive Income, Consolidated Balance Sheets, Consolidated Statements of Shareholders Equity and Redeemable Noncontrolling Interest, Consolidated Statements of Cash Flows, Notes to Consolidated Financial Statements and Report of Independent Registered Public Accounting Firm included in our Annual Report to Shareholders.
  • wmt_10k_2017-03-31_10_17
    Other - Other
    Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures are effective to provide reasonable assurance that information required to be disclosed by the Company in the reports that it files or submits under the Securities Exchange Act of 1934, as amended, is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure and are effective to provide reasonable assurance that such information is recorded, processed, summarized and reported within the time periods specified by the SECs rules and forms.
  • wmt_10k_2017-03-31_60_41
    Other - Other
    Supplemental Executive Retirement Plan amended and restated effective February 1, 2011, is incorporated by reference to Exhibit 10.3 to the Current Report on Form 8-K of the Company dated September 29, 2011.
  • wmt_10k_2017-03-31_58_38
    Other - Other
    Wal-Mart Stores, Inc. 2016 Associate Stock Purchase Plan, as amended and restated effective April 1, 2016, is incorporated herein by reference to Annex B to the Proxy Statement that is a part of the Companys Schedule 14A filed on April 20, 2016.
  • wmt_10k_2017-03-31_61_43
    Other - Other
    Wal-Mart Stores, Inc. Director Compensation Deferral Plan, amended and restated effective June 4, 2010, is incorporated by reference to Exhibit 10n to the Annual Report on Form 10-K of the Company for the fiscal year ended January 31, 2011, filed on March 30, 2011.
  • wmt_10k_2017-03-31_56_34
    Other - Other
    Officer Deferred Compensation Plan as amended and restated effective February 1, 2012, is incorporated by reference to Exhibit 10.2 to the Current Report on Form 8-K of the Company dated September 29, 2011.
  • wmt_10k_2017-03-31_9_12
    Other - Other
    In the ordinary course of business, we review our internal control over financial reporting and make changes to our systems and processes to improve such controls and increase efficiency, while ensuring that we maintain an effective internal control environment.
  • wmt_10k_2017-03-31_57_36
    Other - Other
    Wal-Mart Stores, Inc. Management Incentive Plan as amended and effective February 1, 2013, is incorporated herein by reference to Appendix A to the Proxy Statement that is a part of the Companys Schedule 14A filed on April 22, 2013.
  • wmt_10k_2017-03-31_97_75
    Financial - Debt
    The Company and its subsidiaries have in the past issued, and may in the future issue from time to time, long-term debt instruments, but the aggregate principal amount of the debt instruments of any one series of such debt instruments has not exceeded or will not exceed 10% of the assets of the Company at any pertinent time.
  • wmt_10k_2017-03-31_64_47
    Other - Other
    Wal-Mart Deferred Compensation Matching Plan, as amended and restated effective February 1, 2016, is incorporated by reference to Exhibit 10j to the Annual Report on Form 10-K of the Company for the fiscal year ended January 31, 2016, filed on March 30, 2016.
  • wmt_10k_2017-03-31_59_121
    Other - Other
    Wal-Mart Stores, Inc. Stock Incentive Plan of 2015, as amended and restated effective February 23, 2016 and amended further as of February 1, 2017.
  • wmt_10k_2017-03-31_9_13
    Financial - Shares / Equity
    Changes may include such activities as implementing new, more efficient systems, updating existing systems, automating manual processes, migrating certain processes to our shared services organizations and increasing monitoring controls.
  • wmt_10k_2017-03-31_10_16
    Other - Other
    An evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this report was performed under the supervision and with the participation of management, including our Chief Executive Officer and Chief Financial Officer.
  • wmt_10k_2017-03-31_22_91
    Financial - Shares / Equity
    The information required by this item is incorporated herein by reference to all information under the sub-captions Holdings of Major Shareholders and Holdings of Officers and Directors that appear under the caption Stock Ownership and all information that appears under the caption Executive Compensation Tables Equity Compensation Plan Information included in our Proxy Statement.

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Exhibit 10.(D) - AMENDED AND RESTATED STOCK INCENTIVE PLAN OF 2015

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Exhibit 10.(R) - FORM OF STOCK INCENTIVE PLAN - RESTRICTED STOCK AWARD

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Exhibit 10.(S) - FORM OF STOCK INCENTIVE PLAN - SHARE-SETTLED PERFORMANCE UNIT (D. CHEESEWRIGHT)

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Exhibit 10.(T) - FORM OF STOCK INCENTIVE PLAN - GLOBAL SHARE-SETTLED PERFORMANCE UNIT AWARD

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Exhibit 10.(V) - MARC LORE DEFERRED CONTINGENT MERGER CONSIDERATION AGREEMENT

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Exhibit 10.(W) - AMENDMENT TO MARC LORE DEFERRED CONTINGENT MERGER CONSIDERATION AGREEMENT

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Exhibit 10.(X) - MARC LORE COVENANT NOT TO COMPETE

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Exhibit 10.(G).1 - EXECUTIVE OFFICERS EXECUTING POST TERMINATION AGREEMENT

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Exhibit 12.1 - STATEMENT REGARDING COMPUTATION OF THE EARNINGS TO FIXED CHARGES RATIOS

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Exhibit 13 - PORTIONS OF OUR ANNUAL REPORT TO SHAREHOLDERS

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Exhibit 21 - LIST OF THE COMPANY'S SIGNIFICANT SUBSIDIARIES

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Exhibit 23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

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Exhibit 31.1 - CHIEF EXECUTIVE OFFICER SECTION 302 CERTIFICATION

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Exhibit 31.2 - CHIEF FINANCIAL OFFICER SECTION 302 CERTIFICATION

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Exhibit 32.1 - CHIEF EXECUTIVE OFFICER SECTION 906 CERTIFICATION

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Exhibit 32.2 - CHIEF FINANCIAL OFFICER SECTION 906 CERTIFICATION

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  • Form Type: Annual
  • Number of times amended: 0
  • Accession Number: 0000104169-17-000021
  • Submitted to the SEC: Friday, March 31, 2017
  • Accepted by the SEC: Friday, March 31, 2017
  • Period Ending: January 2017
Companies
 

WMT Morningstar

WAL MART STORES INC

$79.31 -0.39 (-0.49%)

Day's Range:
$79.28 to $80.35

52-Week Range:
$65.28 to $81.99

Volume:
9,752,957

Volume (Avg):
9,054,780

Earnings per Share:
$4.40

PEG / Short / PE Ratios:
3.10 / 3.73 / 18.01

Market Cap:
$239.08B

Book Value:
24.38

EBITDA:
$32.97B

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