10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2019 | |||
Consolidated Statements Of Income | |||
Period Ending Sept 1, 2019 10-K (Filed: Oct 11, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 1, 2019 | Sept 2, 2018 | Sept 3, 2017 | |
| REVENUE | |||
| Total revenue | $ 152,703 | 141,576 | 129,025 |
| OPERATING EXPENSES | |||
| Merchandise costs | 132,886 | 123,152 | 111,882 |
| Selling, general and administrative | 14,994 | 13,876 | 12,950 |
| Preopening expenses | 86 | 68 | 82 |
| Operating Income | 4,737 | 4,480 | 4,111 |
| OTHER INCOME (EXPENSE) | |||
| Interest expense | (150) | (159) | (134) |
| Interest income and other, net | 178 | 121 | 62 |
| INCOME BEFORE INCOME TAXES | 4,765 | 4,442 | 4,039 |
| Provision for income taxes | 1,061 | 1,263 | 1,325 |
| Net income including noncontrolling interests | 3,704 | 3,179 | 2,714 |
| Net income attributable to noncontrolling interests | (45) | (45) | (35) |
| NET INCOME ATTRIBUTABLE TO COSTCO | 3,659 | 3,134 | 2,679 |
| NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: | |||
| Basic (in dollars per share) | 8.32 | 7.15 | 6.11 |
| Diluted (in dollars per share) | 8.26 | 7.09 | 6.08 |
| Weighted Average Number of Shares Outstanding, Diluted [Abstract] | |||
| Basic (shares) | 439,755 | 438,515 | 438,437 |
| Diluted (shares) | 442,923 | 441,834 | 440,937 |
| Product and Service | |||
| Net sales | |||
| Total revenue | 149,351 | 138,434 | 126,172 |
| Membership fees | |||
| Total revenue | 3,352 | 3,142 | 2,853 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2019 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Sept 1, 2019 10-K (Filed: Oct 11, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 1, 2019 | Sept 2, 2018 | Sept 3, 2017 | |
| NET INCOME INCLUDING NONCONTROLLING INTERESTS | $ 3,704 | 3,179 | 2,714 |
| Foreign-currency translation adjustment and other, net | (245) | (192) | 98 |
| Comprehensive income | 3,459 | 2,987 | 2,812 |
| Less: Comprehensive income attributable to noncontrolling interests | 37 | 38 | 48 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO | 3,422 | 2,949 | 2,764 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2019 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Sept 1, 2019 10-K (Filed: Oct 11, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 1, 2019 | Sept 2, 2018 | Sept 3, 2017 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 3,704 | 3,179 | 2,714 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,492 | 1,437 | 1,370 |
| Stock-based compensation | 595 | 544 | 514 |
| Other non-cash operating activities, net | 9 | (6) | (14) |
| Deferred income taxes | 147 | (49) | (29) |
| Changes in operating assets and liabilities: | |||
| Merchandise inventories | (536) | (1,313) | (894) |
| Accounts payable | 322 | 1,561 | 2,258 |
| Other operating assets and liabilities, net | 623 | 421 | 807 |
| Net Cash Provided by (Used in) Operating Activities | 6,356 | 5,774 | 6,726 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of short-term investments | (1,094) | (1,060) | (1,279) |
| Maturities and sales of short-term investments | 1,231 | 1,078 | 1,385 |
| Additions to property and equipment | (2,998) | (2,969) | (2,502) |
| Other investing activities, net | (4) | 4 | 30 |
| Net Cash Provided by (Used in) Investing Activities | (2,865) | (2,947) | (2,366) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank checks outstanding | 210 | 80 | (236) |
| Proceeds from issuance of long-term debt | 298 | 0 | 3,782 |
| Repayments of long-term debt | (89) | (86) | (2,200) |
| Tax withholdings on stock-based awards | (272) | (217) | (202) |
| Repurchases of common stock | (247) | (328) | (469) |
| Cash dividend payments | (1,038) | (689) | (3,904) |
| Other financing activities, net | (9) | (41) | 11 |
| Net Cash Provided by (Used in) Financing Activities | (1,147) | (1,281) | (3,218) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (15) | (37) | 25 |
| Net change in cash and cash equivalents | 2,329 | 1,509 | 1,167 |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 6,055 | 4,546 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 8,384 | 6,055 | 4,546 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest Paid | 141 | 143 | 131 |
| Income taxes, net | 1,187 | 1,204 | 1,185 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Cash dividend declared, but not yet paid | 286 | 250 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COSTCO WHOLESALE CORP /NEW | ||
Ticker: COST Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Sept 1, 2019 10-K (Filed: Oct 11, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 1, 2019 | Sept 2, 2018 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 8,384 | 6,055 |
| Short-term investments | 1,060 | 1,204 |
| Receivables, net | 1,535 | 1,669 |
| Merchandise inventories | 11,395 | 11,040 |
| Other current assets | 1,111 | 321 |
| Total current assets | 23,485 | 20,289 |
| PROPERTY AND EQUIPMENT | ||
| Land | 6,417 | 6,193 |
| Buildings and improvements | 17,136 | 16,107 |
| Equipment and fixtures | 7,801 | 7,274 |
| Construction in progress | 1,272 | 1,140 |
| Gross property and equipment | 32,626 | 30,714 |
| Less accumulated depreciation and amortization | (11,736) | (11,033) |
| Net property and equipment | 20,890 | 19,681 |
| OTHER ASSETS | 1,025 | 860 |
| TOTAL ASSETS | 45,400 | 40,830 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 11,679 | 11,237 |
| Accrued salaries and benefits | 3,176 | 2,994 |
| Accrued member rewards | 1,180 | 1,057 |
| Deferred membership fees | 1,711 | 1,624 |
| Current portion of long-term debt | 1,699 | 90 |
| Other current liabilities | 3,792 | 2,924 |
| Total current liabilities | 23,237 | 19,926 |
| LONG-TERM DEBT, excluding current portion | 5,124 | 6,487 |
| OTHER LIABILITIES | 1,455 | 1,314 |
| Total liabilities | 29,816 | 27,727 |
| EQUITY | ||
| Preferred stock $.01 par value; 100,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Common stock $0.01 par value; 900,000,000 shares authorized; 439,625,000 and 438,189,000 shares issued and outstanding | 4 | 4 |
| Additional paid-in capital | 6,417 | 6,107 |
| Accumulated other comprehensive loss | (1,436) | (1,199) |
| Retained earnings | 10,258 | 7,887 |
| Total Costco stockholders' equity | 15,243 | 12,799 |
| Noncontrolling interests | 341 | 304 |
| Total equity | 15,584 | 13,103 |
| TOTAL LIABILITIES AND EQUITY | 45,400 | 40,830 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2019 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |