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: 2016 | |||
Consolidated Statements Of Income | |||
Period Ending Aug 28, 2016 10-K (Filed: Oct 12, 2016) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | |
| REVENUE | |||
| Net sales | $ 116,073 | 113,666 | 110,212 |
| Membership fees | 2,646 | 2,533 | 2,428 |
| Total revenue | 118,719 | 116,199 | 112,640 |
| OPERATING EXPENSES | |||
| Merchandise costs | 102,901 | 101,065 | 98,458 |
| Selling, general and administrative | 12,068 | 11,445 | 10,899 |
| Preopening expenses | 78 | 65 | 63 |
| Operating income | 3,672 | 3,624 | 3,220 |
| OTHER INCOME (EXPENSE) | |||
| Interest expense | (133) | (124) | (113) |
| Interest income and other, net | 80 | 104 | 90 |
| INCOME BEFORE INCOME TAXES | 3,619 | 3,604 | 3,197 |
| Provision for income taxes | 1,243 | 1,195 | 1,109 |
| Net income including noncontrolling interests | 2,376 | 2,409 | 2,088 |
| Net income attributable to noncontrolling interests | (26) | (32) | (30) |
| NET INCOME ATTRIBUTABLE TO COSTCO | 2,350 | 2,377 | 2,058 |
| NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: | |||
| Basic (in dollars per share) | 5.36 | 5.41 | 4.69 |
| Diluted (in dollars per share) | 5.33 | 5.37 | 4.65 |
| Shares used in calculation (000's) | |||
| Basic (shares) | 438,585 | 439,455 | 438,693 |
| Diluted (shares) | 441,263 | 442,716 | 442,485 |
| CASH DIVIDENDS DECLARED PER COMMON SHARE | 1.70 | 6.51 | 1.33 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2016 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Aug 28, 2016 10-K (Filed: Oct 12, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | |
| NET INCOME INCLUDING NONCONTROLLING INTERESTS | $ 2,376 | 2,409 | 2,088 |
| Foreign-currency translation adjustment and other, net | 26 | (1,063) | 49 |
| Comprehensive income | 2,402 | 1,346 | 2,137 |
| Less: Comprehensive income attributable to noncontrolling interests | 30 | 14 | 33 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO | 2,372 | 1,332 | 2,104 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2016 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Aug 28, 2016 10-K (Filed: Oct 12, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 28, 2016 | Aug 30, 2015 | Aug 31, 2014 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 2,376 | 2,409 | 2,088 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,255 | 1,127 | 1,029 |
| Stock-based compensation | 459 | 394 | 327 |
| Excess tax benefits on stock-based awards | (74) | (86) | (84) |
| Other non-cash operating activities, net | 17 | (5) | 22 |
| Deferred income taxes | 269 | (101) | (63) |
| Changes in operating assets and liabilities: | |||
| Merchandise inventories | (25) | (890) | (563) |
| Accounts payable | (1,532) | 880 | 529 |
| Other operating assets and liabilities, net | 547 | 557 | 699 |
| Net cash provided by operating activities | 3,292 | 4,285 | 3,984 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of short-term investments | (1,432) | (1,501) | (2,503) |
| Maturities and sales of short-term investments | 1,709 | 1,434 | 2,406 |
| Additions to property and equipment | (2,649) | (2,393) | (1,993) |
| Other investing activities, net | 27 | (20) | (3) |
| Net cash used in investing activities | (2,345) | (2,480) | (2,093) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank checks outstanding | 81 | (45) | 96 |
| Repayments of short-term borrowings | (106) | (51) | (103) |
| Proceeds from short-term borrowings | 106 | 51 | 68 |
| Proceeds from issuance of long-term debt | 185 | 1,125 | 117 |
| Repayments of long-term debt | 1,288 | 1 | 0 |
| Minimum tax withholdings on stock-based awards | (220) | (178) | (164) |
| Excess tax benefits on stock-based awards | 74 | 86 | 84 |
| Repurchases of common stock | (486) | (481) | (334) |
| Cash dividend payments | (746) | (2,865) | (584) |
| Other financing activities, net | (19) | 35 | 34 |
| Net cash (used in) provided by financing activities | (2,419) | (2,324) | (786) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 50 | (418) | (11) |
| Net change in cash and cash equivalents | (1,422) | (937) | 1,094 |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 4,801 | 5,738 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 3,379 | 4,801 | 5,738 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest (reduced by $19 , $14, and $11, interest capitalized in 2016, 2015, and 2014, respectively) | 123 | 117 | 109 |
| Income taxes, net | 953 | 1,186 | 869 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Property acquired under build-to-suit and capital leases | 15 | 109 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COSTCO WHOLESALE CORP /NEW | ||
Ticker: COST Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Aug 28, 2016 10-K (Filed: Oct 12, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Aug 28, 2016 | Aug 30, 2015 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 3,379 | 4,801 |
| Short-term investments | 1,350 | 1,618 |
| Receivables, net | 1,252 | 1,224 |
| Merchandise inventories | 8,969 | 8,908 |
| Other current assets | 268 | 228 |
| Total current assets | 15,218 | 16,779 |
| PROPERTY AND EQUIPMENT | ||
| Land | 5,395 | 4,961 |
| Buildings and improvements | 13,994 | 12,618 |
| Equipment and fixtures | 6,077 | 5,274 |
| Construction in progress | 701 | 811 |
| Gross property and equipment | 26,167 | 23,664 |
| Less accumulated depreciation and amortization | (9,124) | (8,263) |
| Net property and equipment | 17,043 | 15,401 |
| OTHER ASSETS | 902 | 837 |
| TOTAL ASSETS | 33,163 | 33,017 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 7,612 | 9,011 |
| Current portion long-term debt | 1,100 | 1,283 |
| Accrued salaries and benefits | 2,629 | 2,468 |
| Accrued member rewards | 869 | 813 |
| Deferred membership fees | 1,362 | 1,269 |
| Other current liabilities | 2,003 | 1,695 |
| Total current liabilities | 15,575 | 16,539 |
| LONG-TERM DEBT, excluding current portion | 4,061 | 4,852 |
| OTHER LIABILITIES | 1,195 | 783 |
| Total liabilities | 20,831 | 22,174 |
| 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; 437,524,000 and 437,952,000 shares issued and outstanding | 2 | 2 |
| Additional paid-in capital | 5,490 | 5,218 |
| Accumulated other comprehensive loss | (1,099) | (1,121) |
| Retained earnings | 7,686 | 6,518 |
| Total Costco stockholders' equity | 12,079 | 10,617 |
| Noncontrolling interests | 253 | 226 |
| Total equity | 12,332 | 10,843 |
| TOTAL LIABILITIES AND EQUITY | 33,163 | 33,017 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2016 | |
| 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 |