Use Walmart’s income statement and cash flow statement for the year ending January 31, 2020 to calculate Walmart’s free cash flow. Continue to assume that the tax rate was 21 percent and that deferred taxes relate to operating activities

 

Walmart's Cash Flow Statement for 2020 2020 Consolidated net income 15,201 Depreciation and amortization Deferred income expense 10,987 320 (Gains) losses on disposals of assets and businesses, net Other operating (income) expense, net Decrease/(increase) in accounts receivable Decrease/(increase) in inventories 15 -941 154 -300 Increase/(decrease) in accounts payable Increase/(decrease) in accrued liabilities -274 186 Increase/(decrease) in accrued income taxes Net cash provided by operating activities -93 25,255 Payments for property and equipment Proceeds from disposal of property and equipment Acquisitions, net of cash acquired Proceeds from disposals of businesses, net -10,705 321 -56 833 Other investing activities 479 Net cash used by investing activities -9,128 Net change in short-term borrowings Payment of long-term debt Proceeds from issuance of long-term debt Purchase of Company stock Dividends paid Other financing activities Net cash (used in)/provided by financing activities Effect of exchange rate changes on cash Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 4,656 -1,907 5,492 -5,717 -6,603 -908 |-14,299 -69 1,759 7,756 9,515