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: 2015 | |||
Consolidated Statements Of Income | |||
Period Ending Aug 30, 2015 10-K (Filed: Oct 14, 2015) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 30, 2015 | Aug 31, 2014 | Sept 1, 2013 | |
| REVENUE | |||
| Net sales | $ 113,666 | 110,212 | 102,870 |
| Membership fees | 2,533 | 2,428 | 2,286 |
| Total revenue | 116,199 | 112,640 | 105,156 |
| OPERATING EXPENSES | |||
| Merchandise costs | 101,065 | 98,458 | 91,948 |
| Selling, general and administrative | 11,445 | 10,899 | 10,104 |
| Preopening expenses | 65 | 63 | 51 |
| Operating income | 3,624 | 3,220 | 3,053 |
| OTHER INCOME (EXPENSE) | |||
| Interest expense | (124) | (113) | (99) |
| Interest income and other, net | 104 | 90 | 97 |
| INCOME BEFORE INCOME TAXES | 3,604 | 3,197 | 3,051 |
| Provision for income taxes | 1,195 | 1,109 | 990 |
| Net income including noncontrolling interests | 2,409 | 2,088 | 2,061 |
| Net income attributable to noncontrolling interests | (32) | (30) | (22) |
| NET INCOME ATTRIBUTABLE TO COSTCO | 2,377 | 2,058 | 2,039 |
| NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: | |||
| Basic (in dollars per share) | 5.41 | 4.69 | 4.68 |
| Diluted (in dollars per share) | 5.37 | 4.65 | 4.63 |
| Shares used in calculation (000's) | |||
| Basic (shares) | 439,455 | 438,693 | 435,741 |
| Diluted (shares) | 442,716 | 442,485 | 440,512 |
| CASH DIVIDENDS DECLARED PER COMMON SHARE | 6.51 | 1.33 | 8.17 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2015 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Aug 30, 2015 10-K (Filed: Oct 14, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 30, 2015 | Aug 31, 2014 | Sept 1, 2013 | |
| NET INCOME INCLUDING NONCONTROLLING INTERESTS | $ 2,409 | 2,088 | 2,061 |
| Foreign-currency translation adjustment and other, net | (1,063) | 49 | (278) |
| Comprehensive income | 1,346 | 2,137 | 1,783 |
| Less: Comprehensive income attributable to noncontrolling interests | 14 | 33 | 22 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO | 1,332 | 2,104 | 1,761 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2015 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Aug 30, 2015 10-K (Filed: Oct 14, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 30, 2015 | Aug 31, 2014 | Sept 1, 2013 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 2,409 | 2,088 | 2,061 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,127 | 1,029 | 946 |
| Stock-based compensation | 394 | 327 | 285 |
| Excess tax benefits on stock-based awards | (86) | (84) | (61) |
| Other non-cash operating activities, net | (5) | 22 | (7) |
| Deferred income taxes | (101) | (63) | 7 |
| Changes in operating assets and liabilities: | |||
| Increase in merchandise inventories | (890) | (563) | (898) |
| Increase in accounts payable | 880 | 529 | 718 |
| Other operating assets and liabilities, net | 557 | 699 | 386 |
| Net cash provided by operating activities | 4,285 | 3,984 | 3,437 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of short-term investments | (1,501) | (2,503) | (2,572) |
| Maturities and sales of short-term investments | 1,434 | 2,406 | 2,385 |
| Additions to property and equipment | (2,393) | (1,993) | (2,083) |
| Other investing activities, net | (20) | (3) | 19 |
| Net cash used in investing activities | (2,480) | (2,093) | (2,251) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank checks outstanding | (45) | 96 | (70) |
| Repayments of short-term borrowings | (51) | (103) | (287) |
| Proceeds from short-term borrowings | 51 | 68 | 326 |
| Proceeds from issuance of long-term debt | 1,125 | 117 | 3,717 |
| Minimum tax withholdings on stock-based awards | (178) | (164) | (121) |
| Excess tax benefits on stock-based awards | 86 | 84 | 61 |
| Repurchases of common stock | (481) | (334) | (36) |
| Cash dividend payments | (2,865) | (584) | (3,560) |
| Other financing activities, net | 34 | 34 | 14 |
| Net cash (used in) provided by financing activities | (2,324) | (786) | 44 |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (418) | (11) | (114) |
| Net (decrease) increase in cash and cash equivalents | (937) | 1,094 | 1,116 |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 5,738 | 4,644 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 4,801 | 5,738 | 4,644 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest (reduced by $14, $11 and $12, interest capitalized in 2015, 2014 and 2013, respectively) | 117 | 109 | 86 |
| Income taxes, net | 1,186 | 869 | 1,001 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Property acquired under build-to-suit and capital leases | 109 | 0 | 11 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COSTCO WHOLESALE CORP /NEW | ||
Ticker: COST Fiscal Year: 2015 | ||
Consolidated Balance Sheets | ||
Period Ending Aug 30, 2015 10-K (Filed: Oct 14, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Aug 30, 2015 | Aug 31, 2014 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 4,801 | 5,738 |
| Short-term investments | 1,618 | 1,577 |
| Receivables, net | 1,224 | 1,148 |
| Merchandise inventories | 8,908 | 8,456 |
| Deferred income taxes and other current assets | 748 | 669 |
| Total current assets | 17,299 | 17,588 |
| PROPERTY AND EQUIPMENT | ||
| Land | 4,961 | 4,716 |
| Buildings and improvements | 12,618 | 12,522 |
| Equipment and fixtures | 5,274 | 4,845 |
| Construction in progress | 811 | 592 |
| Gross property and equipment | 23,664 | 22,675 |
| Less accumulated depreciation and amortization | (8,263) | (7,845) |
| Net property and equipment | 15,401 | 14,830 |
| OTHER ASSETS | 740 | 606 |
| TOTAL ASSETS | 33,440 | 33,024 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 9,011 | 8,491 |
| Current portion long-term debt | 1,283 | 0 |
| Accrued salaries and benefits | 2,468 | 2,231 |
| Accrued member rewards | 813 | 773 |
| Deferred membership fees | 1,269 | 1,254 |
| Other current liabilities | 1,696 | 1,663 |
| Total current liabilities | 16,540 | 14,412 |
| LONG-TERM DEBT, excluding current portion | 4,864 | 5,093 |
| DEFERRED INCOME TAXES AND OTHER LIABILITIES | 1,193 | 1,004 |
| Total liabilities | 22,597 | 20,509 |
| 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; 437,952,000 and 437,683,000 shares issued and outstanding | 2 | 2 |
| Additional paid-in capital | 5,218 | 4,919 |
| Accumulated other comprehensive loss | (1,121) | (76) |
| Retained earnings | 6,518 | 7,458 |
| Total Costco stockholders' equity | 10,617 | 12,303 |
| Noncontrolling interests | 226 | 212 |
| Total equity | 10,843 | 12,515 |
| TOTAL LIABILITIES AND EQUITY | 33,440 | 33,024 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2015 | |
| 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 |