Walmart Inc.
For the period ended Jan 31, 2025. Filed Mar 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 14, 2025
WMT$125.55-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Fiscal Years Ended January 31, | |||
|---|---|---|---|
| (Amounts in millions) | 2025 | 2024 | 2023 |
| Cash flows from operating activities: | |||
| Consolidated net income | $20,157 | $16,270 | $11,292 |
| Adjustments to reconcile consolidated net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 12,973 | 11,853 | 10,945 |
| Investment (gains) and losses, net | 878 | 3,193 | 1,683 |
| Deferred income taxes | (635) | (175) | 449 |
| Other operating activities | 2,889 | 2,642 | 1,919 |
| Changes in certain assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Receivables, net | (1,106) | (797) | 240 |
| Inventories | (2,755) | 2,017 | (528) |
| Accounts payable | 3,228 | 2,515 | (1,425) |
| Accrued liabilities | 379 | (1,324) | 4,393 |
| Accrued income taxes | 435 | (468) | (127) |
| Net cash provided by operating activities | 36,443 | 35,726 | 28,841 |
| Cash flows from investing activities: | |||
| Payments for property and equipment | (23,783) | (20,606) | (16,857) |
| Proceeds from the disposal of property and equipment | 432 | 250 | 170 |
| Proceeds from disposal of certain strategic investments | 4,080 | — | — |
| Payments for business acquisitions, net of cash acquired | (1,896) | (9) | (740) |
| Other investing activities | (212) | (922) | (295) |
| Net cash used in investing activities | (21,379) | (21,287) | (17,722) |
| Cash flows from financing activities: | |||
| Net change in short-term borrowings | 2,212 | 512 | (34) |
| Proceeds from issuance of long-term debt | — | 4,967 | 5,041 |
| Repayments of long-term debt | (3,468) | (4,217) | (2,689) |
| Dividends paid | (6,688) | (6,140) | (6,114) |
| Purchase of Company stock | (4,494) | (2,779) | (9,920) |
| Dividends paid to noncontrolling interest | (576) | (763) | (444) |
| Purchase of noncontrolling interest | — | (3,462) | (827) |
| Sale of subsidiary stock | 362 | 716 | 66 |
| Other financing activities | (2,170) | (2,248) | (2,118) |
| Net cash used in financing activities | (14,822) | (13,414) | (17,039) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | (641) | 69 | (73) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (399) | 1,094 | (5,993) |
| Cash, cash equivalents and restricted cash at beginning of year | 9,935 | 8,841 | 14,834 |
| Cash, cash equivalents and restricted cash at end of year | $9,536 | $9,935 | $8,841 |
| Supplemental disclosure of cash flow information: | |||
| Income taxes paid | $5,884 | $5,879 | $3,310 |
| Interest paid | 2,739 | 2,519 | 2,051 |
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