2018 Q1 Form 10-K Financial Statement

#000010416918000028 Filed on March 30, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1 2016 Q4
Revenue $136.3B $130.9B $118.2B
YoY Change 4.07% 0.98% 0.66%
Cost Of Revenue $102.6B $97.74B $87.48B
YoY Change 5.01% 0.77% 0.04%
Gross Profit $33.63B $33.19B $30.70B
YoY Change 1.31% 1.61% 2.45%
Gross Profit Margin 24.68% 25.35% 25.97%
Selling, General & Admin $29.16B $26.99B $25.58B
YoY Change 8.05% 3.7% 5.48%
% of Gross Profit 86.72% 81.31% 83.32%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.702B $2.706B $2.469B
YoY Change -0.15% 11.31% 4.4%
% of Gross Profit 8.04% 8.15% 8.04%
Operating Expenses $29.16B $26.99B $25.58B
YoY Change 8.05% 3.7% 5.48%
Operating Profit $4.467B $6.205B $5.119B
YoY Change -28.01% -6.58% -10.41%
Interest Expense -$499.0M -$555.0M -$585.0M
YoY Change -10.09% 1.28% 5.98%
% of Operating Profit -11.17% -8.94% -11.43%
Other Income/Expense, Net
YoY Change
Pretax Income $2.964B $5.650B $4.534B
YoY Change -47.54% -7.29% -12.17%
Income Tax $801.0M $1.664B $1.332B
% Of Pretax Income 27.02% 29.45% 29.38%
Net Earnings $2.175B $3.757B $3.034B
YoY Change -42.11% -17.86% -8.17%
Net Earnings / Revenue 1.6% 2.87% 2.57%
Basic Earnings Per Share $0.74 $1.23 $0.98
Diluted Earnings Per Share $0.73 $1.22 $0.98
COMMON SHARES
Basic Shares Outstanding 2.951B shares 3.033B shares 3.089B shares
Diluted Shares Outstanding 3.100B shares

Balance Sheet

Concept 2018 Q1 2017 Q1 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.456B $6.602B $5.939B
YoY Change -2.21% -20.87% -15.04%
Cash & Equivalents $6.756B $6.867B $5.939B
Short-Term Investments
Other Short-Term Assets $3.811B $2.206B $2.296B
YoY Change 72.76% 22.35% -4.49%
Inventory $43.78B $43.05B $49.82B
Prepaid Expenses
Receivables $5.614B $5.835B $5.344B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $59.66B $57.69B $63.40B
YoY Change 3.42% -4.23% -2.63%
LONG-TERM ASSETS
Property, Plant & Equipment $107.7B $107.7B $108.7B
YoY Change -0.03% -2.23% -1.95%
Goodwill $18.24B $17.04B $17.79B
YoY Change 7.07% 2.05% 4.35%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $11.80B $9.921B $10.58B
YoY Change 18.92% 61.82% 75.54%
Total Long-Term Assets $144.9B $141.1B $143.5B
YoY Change 2.64% 1.29% 2.45%
TOTAL ASSETS
Total Short-Term Assets $59.66B $57.69B $63.40B
Total Long-Term Assets $144.9B $141.1B $143.5B
Total Assets $204.5B $198.8B $206.9B
YoY Change 2.87% -0.38% 0.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.09B $41.43B $42.99B
YoY Change 11.24% 7.65% 6.01%
Accrued Expenses $22.12B $20.65B $21.24B
YoY Change 7.11% 5.34% 8.94%
Deferred Revenue
YoY Change
Short-Term Debt $5.257B $1.099B $5.082B
YoY Change 378.34% -59.42% 2.46%
Long-Term Debt Due $3.738B $2.256B $2.266B
YoY Change 65.69% -17.81% -17.48%
Total Short-Term Liabilities $78.52B $66.93B $74.13B
YoY Change 17.32% 3.57% 5.16%
LONG-TERM LIABILITIES
Long-Term Debt $30.05B $36.02B $36.18B
YoY Change -16.58% -5.75% -6.32%
Other Long-Term Liabilities $4.227B $3.839B $3.979B
YoY Change 10.11%
Total Long-Term Liabilities $30.05B $36.02B $36.18B
YoY Change -16.58% -5.75% -6.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $78.52B $66.93B $74.13B
Total Long-Term Liabilities $30.05B $36.02B $36.18B
Total Liabilities $108.6B $102.9B $110.3B
YoY Change 5.46% 0.11% 1.1%
SHAREHOLDERS EQUITY
Retained Earnings $85.11B $89.35B $87.64B
YoY Change -4.75% -0.74% -0.3%
Common Stock $295.0M $305.0M $308.0M
YoY Change -3.28% -3.79% -4.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $77.87B $77.80B $77.69B
YoY Change
Total Liabilities & Shareholders Equity $204.5B $198.8B $206.9B
YoY Change 2.87% -0.38% 0.84%

Cashflow Statement

Concept 2018 Q1 2017 Q1 2016 Q4
OPERATING ACTIVITIES
Net Income $2.175B $3.757B $3.034B
YoY Change -42.11% -17.86% -8.17%
Depreciation, Depletion And Amortization $2.702B $2.706B $2.469B
YoY Change -0.15% 11.31% 4.4%
Cash From Operating Activities $11.28B $11.89B $4.850B
YoY Change -5.17% -5.22% -1.08%
INVESTING ACTIVITIES
Capital Expenditures -$3.143B -$3.160B -$2.840B
YoY Change -0.54% -2.89% -10.66%
Acquisitions
YoY Change
Other Investing Activities -$82.00M $314.0M -$3.794B
YoY Change -126.11% 115.07% -1872.9%
Cash From Investing Activities -$3.225B -$2.846B -$6.634B
YoY Change 13.32% -8.43% 123.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.459B -7.800B -58.00M
YoY Change 8.45% 11.02% -88.04%
NET CHANGE
Cash From Operating Activities 11.28B 11.89B 4.850B
Cash From Investing Activities -3.225B -2.846B -6.634B
Cash From Financing Activities -8.459B -7.800B -58.00M
Net Change In Cash -407.0M 1.246B -1.842B
YoY Change -132.66% -48.36% -226.77%
FREE CASH FLOW
Cash From Operating Activities $11.28B $11.89B $4.850B
Capital Expenditures -$3.143B -$3.160B -$2.840B
Free Cash Flow $14.42B $15.05B $7.690B
YoY Change -4.2% -4.74% -4.85%

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CY2018 us-gaap Depreciation And Amortization
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10529000000 USD
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9454000000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
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10080000000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
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CY2017Q1 us-gaap Derivative Collateral Obligation To Return Cash
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242000000 USD
CY2018Q1 us-gaap Derivative Collateral Obligation To Return Cash
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279000000 USD
CY2017Q1 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2018Q1 us-gaap Derivative Collateral Right To Reclaim Cash
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CY2016 us-gaap Dividends Cash
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6294000000 USD
CY2017 us-gaap Dividends Cash
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6216000000 USD
CY2018 us-gaap Dividends Cash
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4.58
CY2016Q2 us-gaap Earnings Per Share Basic
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0.98
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1.21
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CY2017Q1 us-gaap Earnings Per Share Basic
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1.23
CY2017 us-gaap Earnings Per Share Basic
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CY2017Q2 us-gaap Earnings Per Share Basic
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1.00
CY2017Q3 us-gaap Earnings Per Share Basic
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0.96
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0.59
CY2018Q1 us-gaap Earnings Per Share Basic
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0.74
CY2018 us-gaap Earnings Per Share Basic
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3.29
CY2016 us-gaap Earnings Per Share Diluted
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4.57
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0.98
CY2016Q3 us-gaap Earnings Per Share Diluted
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1.21
CY2016Q4 us-gaap Earnings Per Share Diluted
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0.98
CY2017Q1 us-gaap Earnings Per Share Diluted
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1.22
CY2017 us-gaap Earnings Per Share Diluted
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4.38
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1.00
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0.96
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0.58
CY2018Q1 us-gaap Earnings Per Share Diluted
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0.73
CY2018 us-gaap Earnings Per Share Diluted
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3.28
CY2016 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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487000000 USD
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.303
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
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0.303
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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0.304
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.338
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.040
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.045
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.041
CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.026
CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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-0.009
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.008
CY2016 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.018
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.017
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.018
CY2017Q1 us-gaap Employee Related Liabilities Current
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151000000 USD
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212000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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150000000 USD
CY2016 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2017 us-gaap Gains Losses On Extinguishment Of Debt
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CY2018 us-gaap Gains Losses On Extinguishment Of Debt
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CY2016Q1 us-gaap Goodwill
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402000000 USD
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2008000000 USD
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3942000000 USD
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1466000000 USD
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6179000000 USD
CY2016 us-gaap Increase Decrease In Accounts And Other Receivables
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19000000 USD
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CY2016 us-gaap Income Tax Expense Benefit
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CY2018 us-gaap Income Tax Expense Benefit
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CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
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386000000 USD
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650000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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15680000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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21638000000 USD
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20497000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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15123000000 USD
CY2016 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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15080000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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4.58
CY2017 us-gaap Income Loss From Continuing Operations Per Basic Share
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4.40
CY2018 us-gaap Income Loss From Continuing Operations Per Basic Share
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3.29
CY2016 us-gaap Income Loss From Continuing Operations Per Diluted Share
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4.57
CY2017 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2017 us-gaap Increase Decrease In Accrued Liabilities
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1280000000 USD
CY2018 us-gaap Increase Decrease In Accrued Liabilities
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672000000 USD
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703000000 USD
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140000000 USD
CY2016 us-gaap Interest Expense Debt
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CY2018 us-gaap Investment Income Interest
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2500000000 USD
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2600000000 USD
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2900000000 USD
CY2017Q1 us-gaap Letters Of Credit Outstanding Amount
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3600000000 USD
CY2018Q1 us-gaap Letters Of Credit Outstanding Amount
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2600000000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
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12500000000 USD
CY2018Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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12500000000 USD
CY2017Q1 us-gaap Long Term Debt
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2540000000 USD
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169000000 USD
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CY2018Q1 us-gaap Number Of Countries In Which Entity Operates
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28
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CY2016 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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3960000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2018Q1 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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58000000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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CY2016 us-gaap Payments Of Debt Extinguishment Costs
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0 USD
CY2016 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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2463000000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
375000000 USD
CY2016 us-gaap Payments To Acquire Property Plant And Equipment
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11477000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10619000000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4429000000 USD
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23 Financial_institution
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23 Financial_institution
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">General</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Walmart Inc. (formerly "Wal-Mart Stores, Inc.") ("Walmart" or the "Company") helps people around the world save money and live better &#8211; anytime and anywhere &#8211; in retail stores and through eCommerce. Through innovation, the Company is striving to create a customer-centric experience that seamlessly integrates digital and physical shopping into an omni-channel offering that saves time for its customers. Each week, the Company serves nearly </font><font style="font-family:inherit;font-size:10pt;">270 million</font><font style="font-family:inherit;font-size:10pt;"> customers who visit its more than </font><font style="font-family:inherit;font-size:10pt;">11,700</font><font style="font-family:inherit;font-size:10pt;"> stores and numerous eCommerce websites under </font><font style="font-family:inherit;font-size:10pt;">65</font><font style="font-family:inherit;font-size:10pt;"> banners in </font><font style="font-family:inherit;font-size:10pt;">28</font><font style="font-family:inherit;font-size:10pt;"> countries. The Company's strategy is to lead on price, invest to differentiate on access, be competitive on assortment and deliver a great experience.</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's operations comprise three reportable segments: Walmart U.S., Walmart International and Sam's Club.</font></div></div>
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Consolidated Financial Statements have been prepared in conformity with U.S. generally accepted accounting principles. Those principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities. Management's estimates and assumptions also affect the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.</font></div></div>

Files In Submission

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