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EXCEL - IDEA: XBRL DOCUMENT - Walmart Inc.Financial_Report.xls
10-Q - FORM 10-Q - Walmart Inc.d10q.htm
EX-18 - LETTER OF ERNST & YOUNG LLP - Walmart Inc.dex18.htm
EX-32.2 - 906 CERTIFICATION OF THE CFO - Walmart Inc.dex322.htm
EX-32.1 - 906 CERTIFICATION OF THE CEO - Walmart Inc.dex321.htm
EX-31.2 - 302 CERTIFICATION OF THE CFO - Walmart Inc.dex312.htm
EX-31.1 - 302 CERTIFICATION OF THE CEO - Walmart Inc.dex311.htm

Exhibit 12.1

WAL-MART STORES, INC.

Ratio of Earnings to Fixed Charges

 

     Six Months Ended     Fiscal Year  
(Amounts in millions)    July 31,
2010
    July 31,
2009
    2010     2009     2008     2007     2006  
              

Income from continuing operations before income taxes (1)

   $ 10,971      $ 10,162      $ 22,118      $ 20,867      $ 20,122      $ 19,023      $ 17,498   

Capitalized interest

     (36     (55     (85     (88     (150     (182     (157

Consolidated net income attributable to the noncontrolling interest

     (294     (224     (513     (499     (406     (425     (324
                                                        

Adjusted income from continuing operations before income taxes

     10,641        9,883        21,520        20,280        19,566        18,416        17,017   
                                                        

Fixed Charges:

              

Interest *

     1,100        1,082        2,160        2,267        2,267        2,009        1,603   

Interest component of rent

     308        216        597        406        464        368        328   
                                                        

Total fixed charges

     1,408        1,298        2,757        2,673        2,731        2,377        1,931   
                                                        

Income from continuing operations before income taxes and fixed charges

   $ 12,049      $ 11,181      $ 24,277      $ 22,953      $ 22,297      $ 20,793      $ 18,948   
                                                        

Ratio of earnings to fixed charges (times)

     8.6        8.6        8.8        8.6        8.2        8.7        9.8   

 

* Includes interest on debt and capital leases, amortization of debt issuance costs and capitalized interest.
(1)

All prior periods have been adjusted to reflect the effect of the accounting change.