Walmart is a multinational retail corporation that operates a chain of discount department stores, supermarkets, and hypermarkets. In 2013, the company released its financial statements, which provide a snapshot of its financial performance during that year.
According to the financial statements, Walmart's revenue in 2013 was $473.1 billion, which represents a 3.5% increase over the previous year. The company's net income for 2013 was $16.0 billion, which is a slight decrease from the previous year's net income of $16.4 billion.
One of the main drivers of Walmart's revenue in 2013 was its strong performance in the international market. The company's international division accounted for 26% of total revenue, with strong sales in countries such as China, Mexico, and the United Kingdom. Walmart's domestic division, on the other hand, saw a decline in sales, which was attributed to the slow recovery of the US economy following the financial crisis.
In terms of expenses, Walmart's cost of goods sold accounted for the largest portion of its expenses in 2013, at 63.5% of total expenses. This was followed by selling, general, and administrative expenses, which accounted for 22.6% of total expenses. The company's gross profit margin in 2013 was 24.5%, which is slightly lower than the previous year's gross profit margin of 25.0%.
In terms of assets, Walmart had a total of $205.5 billion in assets in 2013, including $11.7 billion in cash and cash equivalents. The company's liabilities for the year totaled $139.5 billion, with long-term debt accounting for the largest portion at $49.4 billion. Walmart's shareholder equity for 2013 was $66.0 billion, which represents an increase from the previous year's shareholder equity of $62.7 billion.
Overall, Walmart's financial statements for 2013 show a company with strong revenue growth and a solid financial position. The company's international division was a key driver of revenue, while its domestic division faced challenges due to the sluggish US economy. Despite these challenges, Walmart was able to maintain a healthy gross profit margin and increase shareholder equity.