In a surprising move, Wal-Mart has admitted that it largely depends on welfare recipients to make its bottom line.

The world's largest retailer, which earned around $460 billion in net sales in 2012, released its annual Security and Exchange Commission (SEC) filing, revealing that recent cuts to the food stamp program will hurt the company's profit margin.

According to the report issued last week, Republican-induced changes to the Supplemental Nutrition Assistance Program (SNAP) and other public assistance programs will negatively affect the company, reports the Daily Caller.

"Our business operations are subject to numerous risks, factors and uncertainties, domestically and internationally, which are outside our control," Wal-Mart's 10-K reads. "Any one, or a combination, of these risks, factors and uncertainties could materially affect our financial performance, our results of operations, including our sales, earnings per share or comparable store sales or comparable club sales and effective tax rate for any period, our business operations, business strategy, plans, goals or objectives."

One of the risks, the form explains are "changes in the amount of payments made under the Supplement Nutrition Assistance Plan [sic] and other public assistance plans, changes in the eligibility requirements of public assistance plans."

In November 2013, Republicans pushed to cut $29 a month in food benefits for a family of three, which hurt Wal-Mart's last quarter profits. The GOP then slashed an average of $90 a month from the food assistance for 850,000 families in the farm bill in January, reports the Chicago Tribune. This will also hurt the retailer, which gets more than half its sales from its grocery departments and low-income shoppers are a big part of its clientele.

Although this may be the first time that Wal-Mart has opened up about its reliance on shoppers on government assistance, the company didn't acknowledge that a large portion of its workers also benefit from government entitlements to subsidize the company's low wages. That means that American tax dollars pay for Wal-Mart employees to eat, live and take care of their families.