Net Income Per Common Share

6 Months Ended

Jul. 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 anti-dilutive and not included in the calculation of diluted net income per common share attributable to Walmart for the three and six months ended July 31, 2021 and 2020.

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:


	Three Months Ended July 31,				Six Months Ended July 31,
(Amounts in millions, except per share data)	2021		2020		2021		2020
Numerator
Consolidated net income	$	4,364	$	6,439	$	7,175	$	10,513
Consolidated net (income) loss attributable to noncontrolling interest	(88)		37		(169)		(47)
Consolidated net income attributable to Walmart	$	4,276	$	6,476	$	7,006	$	10,466

Denominator
Weighted-average common shares outstanding, basic	2,799		2,832		2,807		2,832
Dilutive impact of share-based awards	13		16		13		16
Weighted-average common shares outstanding, diluted	2,812		2,848		2,820		2,848

Net income per common share attributable to Walmart
Basic	$	1.53	$	2.29	$	2.50	$	3.70
Diluted	1.52		2.27		2.48		3.67