Walmart Inc. (WMT) FY2026 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2025-02-01 to 2026-01-31

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Walmart Inc. cash flow reconciliation, Feb 1, 2025 through Jan 31, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Consolidated net income → Net cash from operating activities: $22,270,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $14,203,000,000.00Other operating activities → Operating adjustments reconciliation: $4,079,000,000.00Deferred income taxes → Operating adjustments reconciliation: $2,277,000,000.00Accounts payable → Operating adjustments reconciliation: $1,611,000,000.00Accrued liabilities → Operating adjustments reconciliation: $1,607,000,000.00Accrued income taxes → Operating adjustments reconciliation: $113,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $19,295,000,000.00Operating adjustments reconciliation → Investment (gains) and losses, net: $2,016,000,000.00Operating adjustments reconciliation → Inventories: $1,443,000,000.00Operating adjustments reconciliation → Receivables, net: $1,136,000,000.00Proceeds from disposal of certain strategic investments → investing reconciliation: $927,000,000.00Proceeds from the disposal of property and equipment → investing reconciliation: $106,000,000.00investing reconciliation → Payments for property and equipment: $26,642,000,000.00investing reconciliation → Other investing activities: $688,000,000.00investing reconciliation → Payments for business acquisitions, net of cash acquired: $53,000,000.00Net cash used in financing activities → financing reconciliation: $13,553,000,000.00Proceeds from issuance of long-term debt → financing reconciliation: $3,983,000,000.00Net change in short-term borrowings → financing reconciliation: $3,523,000,000.00Sale of subsidiary stock → financing reconciliation: $111,000,000.00financing reconciliation → Purchase of Company stock: $8,088,000,000.00financing reconciliation → Dividends paid: $7,507,000,000.00financing reconciliation → Repayments of long-term debt: $2,625,000,000.00financing reconciliation → Other financing activities: $2,511,000,000.00financing reconciliation → Dividends paid to noncontrolling interest: $439,000,000.00Net cash used in investing activities → investing reconciliation: $26,350,000,000.00Exchange-rate effect → Cash sources and uses: $123,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $9,536,000,000.00Net cash from operating activities → Cash sources and uses: $41,565,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $11,321,000,000.00Cash sources and uses → Net cash used in investing activities: $26,350,000,000.00Cash sources and uses → Net cash used in financing activities: $13,553,000,000.00Accrued income taxes: $113,000,000.00Accrued taxes+$113.00 MInventories: -$1,443,000,000.00Merchandise inventories−$1.44 BReceivables, net: -$1,136,000,000.00Accounts & other receivables−$1.14 BConsolidated net income: $22,270,000,000.00Consolidated net income+$22.27 BAccounts payable: $1,611,000,000.00Accounts payable+$1.61 BInvestment (gains) and losses, net: -$2,016,000,000.00Investment gain & loss−$2.02 BDeferred income taxes: $2,277,000,000.00Deferred tax balances+$2.28 BOther operating activities: $4,079,000,000.00Other non-cash items+$4.08 BDepreciation and amortization: $14,203,000,000.00D&A and accretion+$14.20 BAccrued liabilities: $1,607,000,000.00Accrued liabilities+$1.61 BNet cash from operating activities: $41,565,000,000.00Operating cash+$41.57 BOperating adjustments reconciliation: $23,890,000,000.00Purchase of Company stock: -$8,088,000,000.00Common stock repurchases−$8.09 BRepayments of long-term debt: -$2,625,000,000.00Long-term debt repaid−$2.63 BNet change in short-term borrowings: $3,523,000,000.00Short-term debt, net+$3.52 BSale of subsidiary stock: $111,000,000.00Equity issued+$111.00 MDividends paid: -$7,507,000,000.00Common dividends paid−$7.51 BOther financing activities: -$2,511,000,000.00Other financing, net−$2.51 BPurchase of noncontrolling interest: $0.00Dividends paid to noncontrolling interest: -$439,000,000.00Noncontrolling dividends−$439.00 MProceeds from issuance of long-term debt: $3,983,000,000.00Long-term debt issued+$3.98 BNet cash used in financing activities: -$13,553,000,000.00. Cash required to fund net payments.Financing cash−$13.55 Bfinancing reconciliation: $21,170,000,000.00Payments for business acquisitions, net of cash acquired: -$53,000,000.00Acquisitions, net of cash−$53.00 MPayments for property and equipment: -$26,642,000,000.00PP&E purchases−$26.64 BProceeds from the disposal of property and equipment: $106,000,000.00PP&E sales+$106.00 MProceeds from disposal of certain strategic investments: $927,000,000.00Equity securities sales+$927.00 MOther investing activities: -$688,000,000.00Other investing, net−$688.00 MNet cash used in investing activities: -$26,350,000,000.00. Cash required to fund net payments.Investing cash−$26.35 Binvesting reconciliation: $27,383,000,000.00Cash sources and uses: $51,224,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $9,536,000,000.00Beginning cash$9.54 BEnding cash: Cash, cash equivalents, and restricted cash: $11,321,000,000.00Ending cash$11.32 BExchange-rate effect: $123,000,000.00FX effect+$123.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$14.92 BOperating cash − cash spent on PP&ECash flow / Net income1.87×Operating cash flow ÷ net incomeNet cash change+$1.79 BEnding cash − beginning cash
Chart details

Walmart Inc. cash flow reconciliation, Feb 1, 2025 through Jan 31, 2026

Cash flows for Feb 1, 2025 through Jan 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jan 31, 2025. Ending cash: Jan 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jan 31, 2025
9,536,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
41,565,000,000 US dollars. Net cash provided.
Accrued income taxes
113,000,000 US dollars
Inventories
negative 1,443,000,000 US dollars
Receivables, net
negative 1,136,000,000 US dollars
Consolidated net income
22,270,000,000 US dollars
Accounts payable
1,611,000,000 US dollars
Investment (gains) and losses, net
negative 2,016,000,000 US dollars
Deferred income taxes
2,277,000,000 US dollars
Other operating activities
4,079,000,000 US dollars
Depreciation and amortization
14,203,000,000 US dollars
Accrued liabilities
1,607,000,000 US dollars
Investing activities
negative 26,350,000,000 US dollars. Net cash used.
Payments for business acquisitions, net of cash acquired
negative 53,000,000 US dollars
Payments for property and equipment
negative 26,642,000,000 US dollars
Proceeds from the disposal of property and equipment
106,000,000 US dollars
Proceeds from disposal of certain strategic investments
927,000,000 US dollars
Other investing activities
negative 688,000,000 US dollars
Financing activities
negative 13,553,000,000 US dollars. Net cash used.
Purchase of Company stock
negative 8,088,000,000 US dollars
Repayments of long-term debt
negative 2,625,000,000 US dollars
Net change in short-term borrowings
3,523,000,000 US dollars
Sale of subsidiary stock
111,000,000 US dollars
Dividends paid
negative 7,507,000,000 US dollars
Other financing activities
negative 2,511,000,000 US dollars
Purchase of noncontrolling interest
0 US dollars
Dividends paid to noncontrolling interest
negative 439,000,000 US dollars
Proceeds from issuance of long-term debt
3,983,000,000 US dollars
Operating adjustment reconciliation
23,890,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
21,170,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
27,383,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
123,000,000 US dollars
Ending cash on Jan 31, 2026
11,321,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
51,224,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
1,785,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.87×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
41,565,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
26,642,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
14,923,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $19.30B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 41,565,000,000 US dollars minus 26,642,000,000 US dollars equals 14,923,000,000 US dollars.
Walmart Inc. (WMT) FY2026 Annual Statement of Cash Flows Sankey chart
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