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: 2022 | |||
Consolidated Statements Of Income | |||
Period Ending Aug 28, 2022 10-K (Filed: Oct 5, 2022) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | |
| REVENUE | |||
| Total revenue | $ 226,954 | 195,929 | 166,761 |
| OPERATING EXPENSES | |||
| Merchandise costs | 199,382 | 170,684 | 144,939 |
| Selling, general and administrative | 19,779 | 18,537 | 16,387 |
| Operating Income | 7,793 | 6,708 | 5,435 |
| OTHER INCOME (EXPENSE) | |||
| Interest expense | (158) | (171) | (160) |
| Interest income and other, net | 205 | 143 | 92 |
| INCOME BEFORE INCOME TAXES | 7,840 | 6,680 | 5,367 |
| Provision for income taxes | 1,925 | 1,601 | 1,308 |
| Net income including noncontrolling interests | 5,915 | 5,079 | 4,059 |
| Net income attributable to noncontrolling interests | (71) | (72) | (57) |
| NET INCOME ATTRIBUTABLE TO COSTCO | 5,844 | 5,007 | 4,002 |
| NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: | |||
| Basic (in dollars per share) | 13.17 | 11.30 | 9.05 |
| Diluted (in dollars per share) | 13.14 | 11.27 | 9.02 |
| Shares used in calculation (000's) | |||
| Basic (shares) | 443,651 | 443,089 | 442,297 |
| Diluted (shares) | 444,757 | 444,346 | 443,901 |
| Product and Service | |||
| Net sales | |||
| Total revenue | 222,730 | 192,052 | 163,220 |
| Membership fees | |||
| Total revenue | 4,224 | 3,877 | 3,541 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2022 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Aug 28, 2022 10-K (Filed: Oct 5, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | |
| NET INCOME INCLUDING NONCONTROLLING INTERESTS | $ 5,915 | 5,079 | 4,059 |
| Foreign-currency translation adjustment and other, net | (721) | 181 | 162 |
| Comprehensive income | 5,194 | 5,260 | 4,221 |
| Less: Comprehensive income attributable to noncontrolling interests | 36 | 93 | 80 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO | 5,158 | 5,167 | 4,141 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2022 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Aug 28, 2022 10-K (Filed: Oct 5, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 5,915 | 5,079 | 4,059 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,900 | 1,781 | 1,645 |
| Non-cash lease expense | 377 | 286 | 194 |
| Stock-based compensation | 724 | 665 | 619 |
| Other non-cash operating activities, net | 76 | 85 | 42 |
| Deferred income taxes | (37) | 59 | 104 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventories | (4,003) | (1,892) | (791) |
| Accounts payable | 1,891 | 1,838 | 2,261 |
| Other operating assets and liabilities, net | 549 | 1,057 | 728 |
| Net Cash Provided by (Used in) Operating Activities | 7,392 | 8,958 | 8,861 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of short-term investments | (1,121) | (1,331) | (1,626) |
| Maturities and sales of short-term investments | 1,145 | 1,446 | 1,678 |
| Additions to property and equipment | (3,891) | (3,588) | (2,810) |
| Acquisitions | 0 | 0 | (1,163) |
| Other investing activities, net | (48) | (62) | 30 |
| Net Cash Provided by (Used in) Investing Activities | (3,915) | (3,535) | (3,891) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Proceeds from issuance of long-term debt | 0 | 0 | 3,992 |
| Repayments of long-term debt | (800) | (94) | (3,200) |
| Tax withholdings on stock-based awards | (363) | (312) | (330) |
| Repurchases of common stock | (439) | (496) | (196) |
| Cash dividend payments | (1,498) | (5,748) | (1,479) |
| Dividend to noncontrolling interest | (208) | 0 | 0 |
| Acquisition of noncontrolling interest | (842) | 0 | 0 |
| Other financing activities, net | (133) | 162 | 66 |
| Net Cash Provided by (Used in) Financing Activities | (4,283) | (6,488) | (1,147) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (249) | 46 | 70 |
| Net change in cash and cash equivalents | (1,055) | (1,019) | 3,893 |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 11,258 | 12,277 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 10,203 | 11,258 | 12,277 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest | 145 | 149 | 124 |
| Income taxes paid, net | 1,940 | 1,527 | 1,052 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES: | |||
| Changes in accrued property and equipment | 156 | 184 | 204 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COSTCO WHOLESALE CORP /NEW | ||
Ticker: COST Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Aug 28, 2022 10-K (Filed: Oct 5, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Aug 28, 2022 | Aug 29, 2021 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 10,203 | 11,258 |
| Short-term investments | 846 | 917 |
| Receivables, net | 2,241 | 1,803 |
| Merchandise inventories | 17,907 | 14,215 |
| Other current assets | 1,499 | 1,312 |
| Total current assets | 32,696 | 29,505 |
| OTHER ASSETS | ||
| Property and Equipment, net | 24,646 | 23,492 |
| Operating lease right-of-use assets | 2,774 | 2,890 |
| Other long-term assets | 4,050 | 3,381 |
| Total assets | 64,166 | 59,268 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 17,848 | 16,278 |
| Accrued salaries and benefits | 4,381 | 4,090 |
| Accrued member rewards | 1,911 | 1,671 |
| Deferred membership fees | 2,174 | 2,042 |
| Current portion of long-term debt | 73 | 799 |
| Other current liabilities | 5,611 | 4,561 |
| Total current liabilities | 31,998 | 29,441 |
| OTHER LIABILITIES | ||
| Long-term debt, excluding current portion | 6,484 | 6,692 |
| Long-term operating lease liabilities | 2,482 | 2,642 |
| Other long-term liabilities | 2,555 | 2,415 |
| Total liabilities | 43,519 | 41,190 |
| EQUITY | ||
| Preferred stock $.005 par value; 100,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Common Stock $.005 par value; 100,000,000 shares authorized; 442,664,000 and 441,825,000 shares issued and outstanding | 2 | 4 |
| Additional paid-in capital | 6,884 | 7,031 |
| Accumulated other comprehensive loss | (1,829) | (1,137) |
| Retained earnings | 15,585 | 11,666 |
| Total Costco stockholders' equity | 20,642 | 17,564 |
| Noncontrolling interests | 5 | 514 |
| Total equity | 20,647 | 18,078 |
| TOTAL LIABILITIES AND EQUITY | 64,166 | 59,268 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2022 | |
| 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 |