Wal Mart Annual Report Analysis Essay
Vice Chairman, Wal-Mart Stores, Inc.
M. Susan Chambers
Executive Vice President, Global People
Brian C. Cornell
Executive Vice President, President and
Chief Executive Officer, Sam’s Club
Five-Year Financial Summary
Management’s Discussion and Analysis of
Financial Condition and Results of Operations
Consolidated Statements of Income
Consolidated Balance Sheets
Consolidated Statements of Shareholders’ Equity
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements
Report of Independent Registered Public Accounting Firm
Report of Independent Registered Public …show more content…
We intend for this discussion to provide the reader with information that will assist in understanding our ﬁ nancial statements, the changes in certain key items in those ﬁ nancial statements from year to year, and the primary factors that accounted for those changes, as well as how certain accounting principles affect our ﬁ nancial statements. We also discuss certain performance metrics that management uses to assess our performance. The discussion also provides information about the ﬁ nancial results of the various segments of our business to provide a better understanding of how those segments and their results affect the ﬁ nancial condition and results of operations of the company as a whole.
This discussion should be read in conjunction with our Consolidated
Financial Statements as of January 31, 2010, and the year then ended, and accompanying notes.
Our operations comprise three business segments: Walmart U.S.,
International and Sam’s Club. The Walmart U.S. segment includes the company’s mass merchant concept in the United States, operating under the “Walmart” or “Wal-Mart” brand, as well as walmart.com. The