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: 2020 | |||
Consolidated Statements Of Income | |||
Period Ending Aug 30, 2020 10-K (Filed: Oct 7, 2020) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 30, 2020 | Sept 1, 2019 | Sept 2, 2018 | |
| REVENUE | |||
| Total revenue | $ 166,761 | 152,703 | 141,576 |
| OPERATING EXPENSES | |||
| Merchandise costs | 144,939 | 132,886 | 123,152 |
| Selling, general and administrative | 16,332 | 14,994 | 13,876 |
| Preopening expenses | 55 | 86 | 68 |
| Operating Income | 5,435 | 4,737 | 4,480 |
| OTHER INCOME (EXPENSE) | |||
| Interest expense | (160) | (150) | (159) |
| Interest income and other, net | 92 | 178 | 121 |
| INCOME BEFORE INCOME TAXES | 5,367 | 4,765 | 4,442 |
| Provision for income taxes | 1,308 | 1,061 | 1,263 |
| Net income including noncontrolling interests | 4,059 | 3,704 | 3,179 |
| Net income attributable to noncontrolling interests | (57) | (45) | (45) |
| NET INCOME ATTRIBUTABLE TO COSTCO | 4,002 | 3,659 | 3,134 |
| NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: | |||
| Basic (in dollars per share) | 9.05 | 8.32 | 7.15 |
| Diluted (in dollars per share) | 9.02 | 8.26 | 7.09 |
| Weighted Average Number of Shares Outstanding, Diluted [Abstract] | |||
| Basic (shares) | 442,297 | 439,755 | 438,515 |
| Diluted (shares) | 443,901 | 442,923 | 441,834 |
| Product and Service | |||
| Net sales | |||
| Total revenue | 163,220 | 149,351 | 138,434 |
| Membership fees | |||
| Total revenue | 3,541 | 3,352 | 3,142 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2020 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Aug 30, 2020 10-K (Filed: Oct 7, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 30, 2020 | Sept 1, 2019 | Sept 2, 2018 | |
| NET INCOME INCLUDING NONCONTROLLING INTERESTS | $ 4,059 | 3,704 | 3,179 |
| Foreign-currency translation adjustment and other, net | 162 | (245) | (192) |
| Comprehensive income | 4,221 | 3,459 | 2,987 |
| Less: Comprehensive income attributable to noncontrolling interests | 80 | 37 | 38 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO | 4,141 | 3,422 | 2,949 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2020 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Aug 30, 2020 10-K (Filed: Oct 7, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 30, 2020 | Sept 1, 2019 | Sept 2, 2018 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 4,059 | 3,704 | 3,179 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,645 | 1,492 | 1,437 |
| Non-cash lease expense | 194 | 0 | 0 |
| Stock-based compensation | 619 | 595 | 544 |
| Other non-cash operating activities, net | 42 | 9 | (6) |
| Deferred income taxes | 104 | 147 | (49) |
| Changes in operating assets and liabilities: | |||
| Merchandise inventories | (791) | (536) | (1,313) |
| Accounts payable | 2,261 | 322 | 1,561 |
| Other operating assets and liabilities, net | 728 | 623 | 421 |
| Net Cash Provided by (Used in) Operating Activities | 8,861 | 6,356 | 5,774 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of short-term investments | (1,626) | (1,094) | (1,060) |
| Maturities and sales of short-term investments | 1,678 | 1,231 | 1,078 |
| Additions to property and equipment | (2,810) | (2,998) | (2,969) |
| Acquisitions | (1,163) | 0 | 0 |
| Other investing activities, net | 30 | (4) | 4 |
| Net Cash Provided by (Used in) Investing Activities | (3,891) | (2,865) | (2,947) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank checks outstanding | 137 | 210 | 80 |
| Proceeds from issuance of long-term debt | 3,992 | 298 | 0 |
| Repayments of long-term debt | (3,200) | (89) | (86) |
| Tax withholdings on stock-based awards | (330) | (272) | (217) |
| Repurchases of common stock | (196) | (247) | (328) |
| Cash dividend payments | (1,479) | (1,038) | (689) |
| Other financing activities, net | (71) | (9) | (41) |
| Net Cash Provided by (Used in) Financing Activities | (1,147) | (1,147) | (1,281) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 70 | (15) | (37) |
| Net change in cash and cash equivalents | 3,893 | 2,329 | 1,509 |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 8,384 | 6,055 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 12,277 | 8,384 | 6,055 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest Paid | 124 | 141 | 143 |
| Income taxes, net | 1,052 | 1,187 | 1,204 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Cash dividend declared, but not yet paid | 0 | 286 | 250 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COSTCO WHOLESALE CORP /NEW | ||
Ticker: COST Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Aug 30, 2020 10-K (Filed: Oct 7, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Aug 30, 2020 | Sept 1, 2019 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 12,277 | 8,384 |
| Short-term investments | 1,028 | 1,060 |
| Receivables, net | 1,550 | 1,535 |
| Merchandise inventories | 12,242 | 11,395 |
| Other current assets | 1,023 | 1,111 |
| Total current assets | 28,120 | 23,485 |
| OTHER ASSETS | ||
| Property, Plant and Equipment, Net | 21,807 | 20,890 |
| Operating lease, right-of-use assets | 2,788 | 0 |
| Other long-term assets | 2,841 | 1,025 |
| TOTAL ASSETS | 55,556 | 45,400 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 14,172 | 11,679 |
| Accrued salaries and benefits | 3,605 | 3,176 |
| Accrued member rewards | 1,393 | 1,180 |
| Deferred membership fees | 1,851 | 1,711 |
| Current portion of long-term debt | 95 | 1,699 |
| Other current liabilities | 3,728 | 3,792 |
| Total current liabilities | 24,844 | 23,237 |
| OTHER LIABILITIES | ||
| Long-term debt, excluding current portion | 7,514 | 5,124 |
| Long-term operating lease liabilities | 2,558 | 0 |
| Other long-term liabilities | 1,935 | 1,455 |
| Total liabilities | 36,851 | 29,816 |
| 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; 441,255,000 and 439,625,000 shares issued and outstanding | 4 | 4 |
| Additional paid-in capital | 6,698 | 6,417 |
| Accumulated other comprehensive loss | (1,297) | (1,436) |
| Retained earnings | 12,879 | 10,258 |
| Total Costco stockholders' equity | 18,284 | 15,243 |
| Noncontrolling interests | 421 | 341 |
| Total equity | 18,705 | 15,584 |
| TOTAL LIABILITIES AND EQUITY | 55,556 | 45,400 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2020 | |
| 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 |