Net Income Per Common Share

12 Months Ended

Jan. 31, 2021

Basic net income per common share attributable to Walmart is based on the weighted-average common shares outstanding during the relevant period. Diluted net income 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 antidilutive and not included in the calculation of diluted net income per common share attributable to Walmart for fiscal 2021, 2020 and 2019.

The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share attributable to Walmart:


	Fiscal Years Ended January 31,
(Amounts in millions, except per share data)	2021		2020		2019
Numerator
Consolidated net income	$	13,706	$	15,201	$	7,179
Consolidated net income attributable to noncontrolling interest	(196)		(320)		(509)
Consolidated net income attributable to Walmart	$	13,510	$	14,881	$	6,670

Denominator
Weighted-average common shares outstanding, basic	2,831		2,850		2,929
Dilutive impact of stock options and other share-based awards	16		18		16
Weighted-average common shares outstanding, diluted	2,847		2,868		2,945

Net income per common share attributable to Walmart
Basic	$	4.77	$	5.22	$	2.28
Diluted	4.75		5.19		2.26