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10-Q - FORM 10-Q - Walmart Inc.wmt430201210-q.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - Walmart Inc.wmt3124302012.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - Walmart Inc.wmt3214302012.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - Walmart Inc.wmt3114302012.htm
EXCEL - IDEA: XBRL DOCUMENT - Walmart Inc.Financial_Report.xls
EX-32.2 - SECTION 906 CFO CERTIFICATION - Walmart Inc.wmt3224302012.htm


Exhibit 12.1
Wal-Mart Stores, Inc.
Ratio of Earnings to Fixed Charges
 
 
 
Three Months Ended
 
Fiscal Year
(Dollar amounts in millions)
 
April 30, 2012
 
April 30, 2011
 
2012
 
2011
 
2010
 
2009
 
2008
Income from continuing operations before income taxes
 
$
5,852

 
$
5,378

 
$
24,398

 
$
23,538

 
$
22,118

 
$
20,867

 
$
20,122

Capitalized interest
 
(19
)
 
(12
)
 
(60
)
 
(63
)
 
(85
)
 
(88
)
 
(150
)
Consolidated net income attributable to the
       noncontrolling interest
 
(152
)
 
(151
)
 
(688
)
 
(604
)
 
(513
)
 
(499
)
 
(406
)
Adjusted income from continuing operations before
       income taxes
 
5,681

 
5,215

 
23,650

 
22,871

 
21,520

 
20,280

 
19,566

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest (1)
 
592

 
574

 
2,382

 
2,268

 
2,160

 
2,267

 
2,267

Interest component of rent
 
210

 
170

 
790

 
651

 
597

 
406

 
464

Total fixed charges
 
802

 
744

 
3,172

 
2,919

 
2,757

 
2,673

 
2,731

Income from continuing operations before income
       taxes and fixed charges
 
$
6,483

 
$
5,959

 
$
26,822

 
$
25,790

 
$
24,277

 
$
22,953

 
$
22,297

Ratio of earnings to fixed charges
 
8.1

 
8.0

 
8.5

 
8.8

 
8.8

 
8.6

 
8.2

  (1) Includes interest on debt and capital leases, amortization of debt issuance costs and capitalized interest.