WMT_2010AR_FINAL

WMT_2010AR_FINAL - 2010 ANNUAL REPORT We save people money...

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Unformatted text preview: 2010 ANNUAL REPORT We save people money so they can live better. Business Description: Walmart was built on the foundation of saving people money so they can live better. This mission has allowed the company to grow to more than 8,400 stores in 15 countries around the world. The culture and values instilled by company founder Sam Walton come alive daily, as Walmarts 2 million associates serve more than 200 million customers and members each week. (1) Additional details can be found in the footnotes of the Five-Year Financial Summary. (2) Annual dividend declared for fiscal year 2011 is $1.21. 2010 2009 2008 2007 2006 Net sales (1) $405.0 $401.1 $373.8 $344.8 $308.9 Net sales increase 1.0% 7.3% 8.4% 11.6% 9.8% Operating income (1) $ 24.0 $ 22.8 $ 22.0 $ 20.5 $ 18.7 Earnings per share (1) $ 3.72 $ 3.35 $ 3.16 $ 2.92 $ 2.72 Dividend per share (2) $ 1.09 $ 0.95 $ 0.88 $ 0.67 $ 0.60 Fiscal Year Ended January 31, (In billions, except per share data) Financial Highlights (1) ROI and free cash flow are non-GAAP measures, which are shown with their closest GAAP measures, ROA and net cash provided by operating activities, respectively. The reconciliations and other information regarding these non-GAAP measures can be found in the Managements Discussion and Analysis of Financial Condition and Results of Operations included in this Annual Report. 2010 2009 ROI (1) 19.3% 19.3% ROA 8.9% 8.4% Free cash flow (1) $14.1 $11.6 Net cash provided by operating activities $26.2 $23.1 Fiscal Year Ended January 31, (In billions) Walmart 2010 Annual Report 1 Michael T. Duke President and Chief Executive Officer Wal-Mart Stores, Inc. Our Priorities: Growth. Leverage. Returns. One of the most gratifying days for me during the past year was the important sales day after Thanksgiving in the United States. As I walked through one of our stores, the engineer in me loved seeing the efficiency and smoothness of how our operations executed and performed. But I loved even more hearing from customers who were going to be able to afford an enjoyable Christmas for their families. They were so thankful for Walmart, and we were so thankful for the oppor- tunity to help them. Customers all around the world trust us to fulfill our mission of saving people money so they can live better. They expect quality, low prices and the absolute best value. Last year, we delivered on those expectations. By doing so, we showed how much we care about our customers, especially in difficult times. And just as important, we produced strong results for our shareholders. I want to thank our two million associates around the world for this success. I appreciate them for all they do every day to serve our customers and uphold our companys beliefs and values....
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This note was uploaded on 02/11/2012 for the course BUSINESS 130 taught by Professor Mccormack during the Spring '10 term at Berea.

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WMT_2010AR_FINAL - 2010 ANNUAL REPORT We save people money...

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