Attached files
file | filename |
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EX-32.1 - CHIEF EXECUTIVE OFFICER SECTION 906 CERTIFICATION - Walmart Inc. | wmt32173115.htm |
EX-32.2 - CHIEF FINANCIAL OFFICER SECTION 906 CERTIFICATION - Walmart Inc. | wmt32273115.htm |
EX-31.1 - CHIEF EXECUTIVE OFFICER SECTION 302 CERTIFICATION - Walmart Inc. | wmt31173115.htm |
EX-31.2 - CHIEF FINANCIAL OFFICER SECTION 302 CERTIFICATION - Walmart Inc. | wmt31273115.htm |
10-Q - FORM 10-Q - Walmart Inc. | wmtform10-qx7312015.htm |
Exhibit 12.1
Wal-Mart Stores, Inc.
Ratio of Earnings to Fixed Charges
Six Months Ended | Fiscal Years Ended | ||||||||||||||||||||||||||
July 31, | January 31, | ||||||||||||||||||||||||||
(Amounts in millions) | 2015 | 2014 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 10,382 | $ | 11,827 | $ | 24,799 | $ | 24,656 | $ | 25,662 | $ | 24,332 | $ | 23,506 | |||||||||||||
Capitalized interest | (18 | ) | (35 | ) | (59 | ) | (78 | ) | (74 | ) | (60 | ) | (63 | ) | |||||||||||||
Consolidated net income attributable to the noncontrolling interest | (102 | ) | (399 | ) | (736 | ) | (673 | ) | (757 | ) | (688 | ) | (604 | ) | |||||||||||||
Adjusted income before income taxes | 10,262 | 11,393 | 24,004 | 23,905 | 24,831 | 23,584 | 22,839 | ||||||||||||||||||||
Fixed charges: | |||||||||||||||||||||||||||
Interest (1) | 1,428 | 1,197 | 2,520 | 2,413 | 2,325 | 2,382 | 2,268 | ||||||||||||||||||||
Interest component of rent | 444 | 451 | 916 | 933 | 859 | 790 | 651 | ||||||||||||||||||||
Total fixed charges | 1,872 | 1,648 | 3,436 | 3,346 | 3,184 | 3,172 | 2,919 | ||||||||||||||||||||
Income before income taxes and fixed charges | $ | 12,134 | $ | 13,041 | $ | 27,440 | $ | 27,251 | $ | 28,015 | $ | 26,756 | $ | 25,758 | |||||||||||||
Ratio of earnings to fixed charges | 6.5 | 7.9 | 8.0 | 8.1 | 8.8 | 8.4 | 8.8 |
(1) Includes interest on debt and capital leases, amortization of debt issuance costs and capitalized interest.