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Investment Banker

Since January 31, 2004, the investment banker for Wal-Mart has been Moody's investor services. Wal-Mart plans to refinance for their long term dept with Mood's Investor Services and also a few other investment banking for other corporate purposes that are not mentioned. Wal-Mart also plans to bowwow 3.3 billion dollars and an additional 1.1 billion for commercial paper By January 31, 2004 the, Wal-Mart had already established a 5.1 billion dollar lines of credits from 77 different banking industries and investment and used up approximately 145 million in the production of commercial paper. During the same time period Wal-Mart had 6 billion dollar debt of securities under a shelf registration regulation which derived from the SEC. Wal-Mart sold 1.25 billion in notes and maturity. The notes bear an interest of 4.1.25 % and mature by February 2011. The total quantity of notes allowed to be sold to is up to 4 billion.

Target bank is called the Target National Bank. It is owned by the Target Corporations itself and all the receivables go into Target has approximately 1,600 million dollars worth of lines of credits from twenty five different banks, approximately half the worth of the line is used and is due back for payment June 2005, with an extension all the way up to June 2006. The other half of the payment is due June 2008. The expected long term rate of securities rate for October 31 2004 was 8.5 %.

Operations

For 2004, Wal-Mart earned 256 billion in revenues which from sales alone was 26 billion.

The top two reasons for such success in ranking first in retail store market, is because Wal-Mart is convenient globally and so are there prices in the competitive market . Wal-Mart has three segments which are superstores, discount stores, and Sam's Club stores, all of these are scattered in the United States, Canada, Mexico, Europe, Brazil, and Asia. One downfall was from Sam's club because too many were opening all over internationally it decreased the number of customers per location. Overall despite the company's decline on Sam's club sales, the Corporations did well over all with the figures brought in and conditions.

The Target corporations in plans to grow converted retail stores to retail super stores. In 2004 Target added 65 new merchandise stores and eighteen new Target Superstores all across the United States. In plans to stay up to date and dynamic, Target in 2004 also made an addition for bringing in new brand names such as Simply Shabby Chic and C9 by champion. Most of the revenue increases for Target were all due to expansion and comparable retail store prices. Total revenues for Targets 2004 were $1,222 million.

Investment and Financing

Overall Wal-Mart did well in company investments. Ever since 1974 the dividend for the company grew along with stock prices. For 2004 the annual dividends increase more than 44%. Wal-Mart paid more than 10 million dollars to share holders overall. During 2003 Wal-Mart sold the McLane Company Inc. for 1.5 billion dollars because Wal-Mart did not see McLane in the same category as Wal-Mart. The profits gained after taxes of selling McLane Company Inc were 151 million. Although, McLane was sold, it still maintains as one of the suppliers for Wal-Mart today. Before Mclane had been sold, it had generated approximately 14.5 billion in sales.

Cash flow from operations