Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - Walmart Inc. | wmtform10-qx7312017.htm |
| EX-32.2 - CHIEF FINANCIAL OFFICER SECTION 906 CERTIFICATION - Walmart Inc. | wmt3227312017.htm |
| EX-31.1 - CHIEF EXECUTIVE OFFICER SECTION 302 CERTIFICATION - Walmart Inc. | wmt3117312017.htm |
| EX-31.2 - CHIEF FINANCIAL OFFICER SECTION 302 CERTIFICATION - Walmart Inc. | wmt3127312017.htm |
| EX-32.1 - CHIEF EXECUTIVE OFFICER SECTION 906 CERTIFICATION - Walmart Inc. | wmt3217312017.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) | 2017 | 2016 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||||
Income from continuing operations before income taxes | $ | 9,280 | $ | 10,313 | $ | 20,497 | $ | 21,638 | $ | 24,799 | $ | 24,656 | $ | 25,662 | |||||||||||||
Capitalized interest | (11 | ) | (19 | ) | (36 | ) | (39 | ) | (59 | ) | (78 | ) | (74 | ) | |||||||||||||
Consolidated net income attributable to the noncontrolling interest | (318 | ) | (253 | ) | (650 | ) | (386 | ) | (736 | ) | (673 | ) | (757 | ) | |||||||||||||
Adjusted income before income taxes | 8,951 | 10,041 | 19,811 | 21,213 | 24,004 | 23,905 | 24,831 | ||||||||||||||||||||
Fixed charges: | |||||||||||||||||||||||||||
Interest (1) | 1,222 | 1,192 | 2,403 | 2,587 | 2,520 | 2,413 | 2,325 | ||||||||||||||||||||
Interest component of rent | 416 | 418 | 862 | 836 | 916 | 933 | 859 | ||||||||||||||||||||
Total fixed charges | 1,638 | 1,610 | 3,265 | 3,423 | 3,436 | 3,346 | 3,184 | ||||||||||||||||||||
Income before income taxes and fixed charges | $ | 10,589 | $ | 11,651 | $ | 23,076 | $ | 24,636 | $ | 27,440 | $ | 27,251 | $ | 28,015 | |||||||||||||
Ratio of earnings to fixed charges | 6.5 | 7.2 | 7.1 | 7.2 | 8.0 | 8.1 | 8.8 | ||||||||||||||||||||
(1) Includes interest on debt, capital leases and financing obligations, amortization of debt issuance costs and capitalized interest.