Walmart USA has 1.5 million employees and makes a net profit of $15 billion in 2019. So a co-op Walmart would have everyone making $10,000 more. Walmart also makes $125 billion gross profit. From this gross profit, a lot goes into parasitic activities like interest, rent, overpaid executives, unnecessary middle managers, regressive taxes(payroll) etc. So it's not just $10k but easily much more.
I'm at a loss how to find out quantity and types of expenses that are paid from gross profit from the 10-K. I would appreciate any help.
My hunch is that the average wage of Walmart employees can easily be like $50k instead of the $25-30k. If this is right, I will go on to make agitprop for /r/Walmart showing them benefits of co-op Walmart and socialism which eliminates regressive taxes, rent, interest etc. I just don't want to make any obvious errors.
gross profit is revenues - cost of goods sold. cost of goods is purely the cost of material/transportation.
rent, utilities and wages and salaries would be a part of operating expenses.
if you give a shit, the statement of cash flows might give you some more information. income statement might include accounting hacks to reduce the company's tax burden( like artificially increased depreciation expense) whereas cash flow statements eliminates all non-cash shit. it also distinguishes between operating income, and investment/financing income/expenses which more often than not reduce total income.
99% accountants are gulag worthy. I do not like my like this industry.
edit: just to be clear, the 10k is purely regulatory. you will not see any meaningful breakdown of standard business expenses like wages/executive salaries. you might find something in the disclosures by using cntrl+f but if they dont have to, they wont publicly state anything of that sort.
Do you have a link to the 10-K? Ideally, you'd also look at several years in case 2019 was an outlier.
Walmart USA has 1.5 million employees and makes a net profit of $15 billion in 2019. So a co-op Walmart would have everyone making $10,000 more.
While the math here checks out, I would assume a worker co-op would typically choose to re-invest at least some of its profits. That ensures long-term profitability and can also directly improve the workplace.
https://www.sec.gov/Archives/edgar/data/104169/000010416919000016/wmtform10-kx1312019.htm
I think net profit is what's left after investment is removed right, or am I wrong?