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Net Income (Loss) Per Common Share
6 Months Ended
Jul. 31, 2019
Earnings Per Share [Abstract]  
Net income (loss) per common share Net Income or Loss Per Common Share
Basic net income (loss) per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period. Diluted net income (loss) per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period adjusted for the dilutive effect of share-based awards. The Company did not have significant share-based awards outstanding that were anti-dilutive and not included in the calculation of diluted net income (loss) per common share attributable to Walmart for the three and six months ended July 31, 2019 and 2018. Further, the calculation of diluted net loss per common share attributable to Walmart for the three months ended July 31, 2018 does not include the effect of stock options and other share-based awards as their inclusion would be anti-dilutive, and would reduce the net loss per common share.
The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income (loss) per common share attributable to Walmart:
 
 
Three Months Ended July 31,
 
Six Months Ended July 31,
(Amounts in millions, except per share data)
 
2019
 
2018
 
2019
 
2018
Numerator
 
 
 
 
 
 
 
 
Consolidated net income (loss)
 
$
3,680

 
$
(727
)
 
$
7,586

 
$
1,549

Consolidated net income attributable to noncontrolling interest
 
(70
)
 
(134
)
 
(134
)
 
(276
)
Consolidated net income (loss) attributable to Walmart
 
$
3,610

 
$
(861
)
 
$
7,452

 
$
1,273

 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding, basic
 
2,853

 
2,946

 
2,861

 
2,948

Dilutive impact of share-based awards
 
16

 

 
17

 
15

Weighted-average common shares outstanding, diluted
 
2,869

 
2,946

 
2,878

 
2,963

 
 
 
 
 
 
 
 
 
Net income (loss) per common share attributable to Walmart
 
 
 
 
 
 
 
 
Basic
 
$
1.27

 
$
(0.29
)
 
$
2.60

 
$
0.43

Diluted
 
1.26

 
(0.29
)
 
2.59

 
0.43