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: 2014 | |||
Consolidated Statements Of Income | |||
Period Ending Aug 31, 2014 10-K (Filed: Oct 15, 2014) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 31, 2014 | Sept 1, 2013 | Sept 2, 2012 | |
| REVENUE | |||
| Net sales | $ 110,212 | 102,870 | 97,062 |
| Membership fees | 2,428 | 2,286 | 2,075 |
| Total revenue | 112,640 | 105,156 | 99,137 |
| OPERATING EXPENSES | |||
| Merchandise costs | 98,458 | 91,948 | 86,823 |
| Selling, general and administrative | 10,899 | 10,104 | 9,518 |
| Preopening expenses | 63 | 51 | 37 |
| Operating income | 3,220 | 3,053 | 2,759 |
| OTHER INCOME (EXPENSE) | |||
| Interest expense | (113) | (99) | (95) |
| Interest income and other, net | 90 | 97 | 103 |
| INCOME BEFORE INCOME TAXES | 3,197 | 3,051 | 2,767 |
| Provision for income taxes | 1,109 | 990 | 1,000 |
| Net income including noncontrolling interests | 2,088 | 2,061 | 1,767 |
| Net income attributable to noncontrolling interests | (30) | (22) | (58) |
| NET INCOME ATTRIBUTABLE TO COSTCO | 2,058 | 2,039 | 1,709 |
| NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: | |||
| Basic (in dollars per share) | 4.69 | 4.68 | 3.94 |
| Diluted (in dollars per share) | 4.65 | 4.63 | 3.89 |
| Shares used in calculation (000's) | |||
| Basic (shares) | 438,693 | 435,741 | 433,620 |
| Diluted (shares) | 442,485 | 440,512 | 439,373 |
| Common Stock, Dividends, Per Share, Declared | 1.33 | 8.17 | 1.03 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2014 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Aug 31, 2014 10-K (Filed: Oct 15, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 31, 2014 | Sept 1, 2013 | Sept 2, 2012 | |
| NET INCOME INCLUDING NONCONTROLLING INTERESTS | $ 2,088 | 2,061 | 1,767 |
| Foreign-currency translation adjustment and other, net | 49 | (278) | (96) |
| Comprehensive income | 2,137 | 1,783 | 1,671 |
| Less: Comprehensive income attributable to noncontrolling interests | 33 | 22 | 24 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO | 2,104 | 1,761 | 1,647 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2014 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Aug 31, 2014 10-K (Filed: Oct 15, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 31, 2014 | Sept 1, 2013 | Sept 2, 2012 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 2,088 | 2,061 | 1,767 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,029 | 946 | 908 |
| Stock-based compensation | 327 | 285 | 241 |
| Excess tax benefits on stock-based awards | (84) | (61) | (64) |
| Other non-cash operating activities, net | 22 | (7) | 28 |
| Deferred income taxes | (63) | 7 | (3) |
| Changes in operating assets and liabilities: | |||
| Increase in merchandise inventories | (563) | (898) | (490) |
| Increase in accounts payable | 529 | 718 | 338 |
| Other operating assets and liabilities, net | 699 | 386 | 332 |
| Net cash provided by operating activities | 3,984 | 3,437 | 3,057 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of short-term investments | (2,503) | (2,572) | (2,048) |
| Maturities and sales of short-term investments | 2,406 | 2,385 | 2,303 |
| Additions to property and equipment | (1,993) | (2,083) | (1,480) |
| Other investing activities, net | (3) | 19 | (11) |
| Net cash used in investing activities | (2,093) | (2,251) | (1,236) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank checks outstanding | 96 | (70) | 457 |
| Repayments of short-term borrowings | (103) | (287) | (114) |
| Proceeds from short-term borrowings | 68 | 326 | 114 |
| Proceeds from issuance of long-term debt | 117 | 3,717 | 130 |
| Repayments of long-term debt | 0 | 0 | (900) |
| Distribution to noncontrolling interests | 0 | (22) | (161) |
| Proceeds from exercise of stock options | 38 | 52 | 109 |
| Minimum tax withholdings on stock-based awards | (164) | (121) | (107) |
| Excess tax benefits on stock-based awards | 84 | 61 | 64 |
| Repurchases of common stock | (334) | (36) | (632) |
| Cash dividend payments | (584) | (3,560) | (446) |
| Purchase of noncontrolling interest in Costco Mexico | 0 | 0 | (789) |
| Other financing activities, net | (4) | (16) | (6) |
| Net cash (used in) provided by financing activities | (786) | 44 | (2,281) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (11) | (114) | (21) |
| Net increase (decrease) in cash and cash equivalents | 1,094 | 1,116 | (481) |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 4,644 | 3,528 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 5,738 | 4,644 | 3,528 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash paid during the year for: | |||
| Interest (reduced by $11, $12 and $10, interest capitalized in 2014, 2013 and 2012, respectively) | 109 | 86 | 112 |
| Income taxes, net | 869 | 1,001 | 956 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COSTCO WHOLESALE CORP /NEW | ||
Ticker: COST Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Aug 31, 2014 10-K (Filed: Oct 15, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Aug 31, 2014 | Sept 1, 2013 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 5,738 | 4,644 |
| Short-term investments | 1,577 | 1,480 |
| Receivables, net | 1,148 | 1,201 |
| Merchandise inventories | 8,456 | 7,894 |
| Deferred income taxes and other current assets | 669 | 621 |
| Total current assets | 17,588 | 15,840 |
| PROPERTY AND EQUIPMENT | ||
| Land | 4,716 | 4,409 |
| Buildings and improvements | 12,522 | 11,556 |
| Equipment and fixtures | 4,845 | 4,472 |
| Construction in progress | 592 | 585 |
| Gross property and equipment | 22,675 | 21,022 |
| Less accumulated depreciation and amortization | (7,845) | (7,141) |
| Net property and equipment | 14,830 | 13,881 |
| OTHER ASSETS | 606 | 562 |
| TOTAL ASSETS | 33,024 | 30,283 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 8,491 | 7,872 |
| Accrued salaries and benefits | 2,231 | 2,037 |
| Accrued member rewards | 773 | 710 |
| Accrued sales and other taxes | 442 | 382 |
| Deferred membership fees | 1,254 | 1,167 |
| Other current liabilities | 1,221 | 1,089 |
| Total current liabilities | 14,412 | 13,257 |
| LONG-TERM DEBT, excluding current portion | 5,093 | 4,998 |
| DEFERRED INCOME TAXES AND OTHER LIABILITIES | 1,004 | 1,016 |
| Total liabilities | 20,509 | 19,271 |
| COMMITMENTS AND CONTINGENCIES | ||
| EQUITY | ||
| Preferred stock $.005 par value; 100,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Common stock $.005 par value; 900,000,000 shares authorized; 437,683,000 and 436,839,000 shares issued and outstanding | 2 | 2 |
| Additional paid-in capital | 4,919 | 4,670 |
| Accumulated other comprehensive loss | (76) | (122) |
| Retained earnings | 7,458 | 6,283 |
| Total Costco stockholders' equity | 12,303 | 10,833 |
| Noncontrolling interests | 212 | 179 |
| Total equity | 12,515 | 11,012 |
| TOTAL LIABILITIES AND EQUITY | 33,024 | 30,283 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2014 | |
| 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 |