Attached files
| file | filename |
|---|---|
| EX-32.2 - CHIEF FINANCIAL OFFICER SECTION 906 CERTIFICATION - Walmart Inc. | wmt32210312016.htm |
| EX-32.1 - CHIEF EXECUTIVE OFFICER SECTION 906 CERTIFICATION - Walmart Inc. | wmt32110312016.htm |
| EX-31.2 - CHIEF FINANCIAL OFFICER SECTION 302 CERTIFICATION - Walmart Inc. | wmt31210312016.htm |
| EX-31.1 - CHIEF EXECUTIVE OFFICER SECTION 302 CERTIFICATION - Walmart Inc. | wmt31110312016.htm |
| EX-10.(B) - SEPARATION AGREEMENT WITH NEIL ASHE - Walmart Inc. | wmt10b10312016.htm |
| EX-10.(A) - RSU NOTIFICATION TO MARC LORE - Walmart Inc. | wmt10a10312016.htm |
| 10-Q - FORM 10-Q - Walmart Inc. | wmtform10-qx10312016.htm |
Exhibit 12.1
Wal-Mart Stores, Inc.
Ratio of Earnings to Fixed Charges
Nine Months Ended | Fiscal Years Ended | ||||||||||||||||||||||||||
October 31, | January 31, | ||||||||||||||||||||||||||
(Amounts in millions) | 2016 | 2015 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 14,847 | $ | 15,544 | $ | 21,638 | $ | 24,799 | $ | 24,656 | $ | 25,662 | $ | 24,332 | |||||||||||||
Capitalized interest | (27 | ) | (28 | ) | (39 | ) | (59 | ) | (78 | ) | (74 | ) | (60 | ) | |||||||||||||
Consolidated net income attributable to the noncontrolling interest | (421 | ) | (212 | ) | (386 | ) | (736 | ) | (673 | ) | (757 | ) | (688 | ) | |||||||||||||
Adjusted income before income taxes | 14,399 | 15,304 | 21,213 | 24,004 | 23,905 | 24,831 | 23,584 | ||||||||||||||||||||
Fixed charges: | |||||||||||||||||||||||||||
Interest (1) | 1,809 | 2,011 | 2,587 | 2,520 | 2,413 | 2,325 | 2,382 | ||||||||||||||||||||
Interest component of rent | 632 | 606 | 836 | 916 | 933 | 859 | 790 | ||||||||||||||||||||
Total fixed charges | 2,441 | 2,617 | 3,423 | 3,436 | 3,346 | 3,184 | 3,172 | ||||||||||||||||||||
Income before income taxes and fixed charges | $ | 16,840 | $ | 17,921 | $ | 24,636 | $ | 27,440 | $ | 27,251 | $ | 28,015 | $ | 26,756 | |||||||||||||
Ratio of earnings to fixed charges | 6.9 | 6.8 | 7.2 | 8.0 | 8.1 | 8.8 | 8.4 | ||||||||||||||||||||
(1) Includes interest on debt, capital leases and financing obligations, amortization of debt issuance costs and capitalized interest.