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: 2017 | |||
Consolidated Statements Of Income | |||
Period Ending Sept 3, 2017 10-K (Filed: Oct 18, 2017) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | |
| REVENUE | |||
| Net sales | $ 126,172 | 116,073 | 113,666 |
| Membership fees | 2,853 | 2,646 | 2,533 |
| Total revenue | 129,025 | 118,719 | 116,199 |
| OPERATING EXPENSES | |||
| Merchandise costs | 111,882 | 102,901 | 101,065 |
| Selling, general and administrative | 12,950 | 12,068 | 11,445 |
| Preopening expenses | 82 | 78 | 65 |
| Operating income | 4,111 | 3,672 | 3,624 |
| OTHER INCOME (EXPENSE) | |||
| Interest expense | (134) | (133) | (124) |
| Interest income and other, net | 62 | 80 | 104 |
| INCOME BEFORE INCOME TAXES | 4,039 | 3,619 | 3,604 |
| Provision for income taxes | 1,325 | 1,243 | 1,195 |
| Net income including noncontrolling interests | 2,714 | 2,376 | 2,409 |
| Net income attributable to noncontrolling interests | (35) | (26) | (32) |
| NET INCOME ATTRIBUTABLE TO COSTCO | 2,679 | 2,350 | 2,377 |
| NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: | |||
| Basic (in dollars per share) | 6.11 | 5.36 | 5.41 |
| Diluted (in dollars per share) | 6.08 | 5.33 | 5.37 |
| Shares used in calculation (000's) | |||
| Basic (shares) | 438,437 | 438,585 | 439,455 |
| Diluted (shares) | 440,937 | 441,263 | 442,716 |
| CASH DIVIDENDS DECLARED PER COMMON SHARE | 8.90 | 1.70 | 6.51 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2017 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Sept 3, 2017 10-K (Filed: Oct 18, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | |
| NET INCOME INCLUDING NONCONTROLLING INTERESTS | $ 2,714 | 2,376 | 2,409 |
| Foreign-currency translation adjustment and other, net | 98 | 26 | (1,063) |
| Comprehensive income | 2,812 | 2,402 | 1,346 |
| Less: Comprehensive income attributable to noncontrolling interests | 48 | 30 | 14 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO | 2,764 | 2,372 | 1,332 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2017 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Sept 3, 2017 10-K (Filed: Oct 18, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 3, 2017 | Aug 28, 2016 | Aug 30, 2015 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 2,714 | 2,376 | 2,409 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,370 | 1,255 | 1,127 |
| Stock-based compensation | 514 | 459 | 394 |
| Excess tax benefits on stock-based awards | (38) | (74) | (86) |
| Other non-cash operating activities, net | 24 | 17 | (5) |
| Deferred income taxes | (29) | 269 | (101) |
| Changes in operating assets and liabilities: | |||
| Merchandise inventories | (894) | (25) | (890) |
| Accounts payable | 2,258 | (1,532) | 880 |
| Other operating assets and liabilities, net | 807 | 547 | 557 |
| Net cash provided by operating activities | 6,726 | 3,292 | 4,285 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of short-term investments | (1,279) | (1,432) | (1,501) |
| Maturities and sales of short-term investments | 1,385 | 1,709 | 1,434 |
| Additions to property and equipment | (2,502) | (2,649) | (2,393) |
| Other investing activities, net | 30 | 27 | (20) |
| Net cash used in investing activities | (2,366) | (2,345) | (2,480) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank checks outstanding | (236) | 81 | (45) |
| Repayments of short-term borrowings | 0 | (106) | (51) |
| Proceeds from short-term borrowings | 0 | 106 | 51 |
| Proceeds from issuance of long-term debt | 3,782 | 185 | 1,125 |
| Repayments of long-term debt | (2,200) | (1,288) | (1) |
| Minimum tax withholdings on stock-based awards | (202) | (220) | (178) |
| Excess tax benefits on stock-based awards | 38 | 74 | 86 |
| Repurchases of common stock | (469) | (486) | (481) |
| Cash dividend payments | (3,904) | (746) | (2,865) |
| Other financing activities, net | (27) | (19) | 35 |
| Net cash (used in) provided by financing activities | (3,218) | (2,419) | (2,324) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 25 | 50 | (418) |
| Net change in cash and cash equivalents | 1,167 | (1,422) | (937) |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 3,379 | 4,801 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 4,546 | 3,379 | 4,801 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest (reduced by $16, $19, and $14, interest capitalized in 2017, 2016, and 2015, respectively) | 131 | 123 | 117 |
| Income taxes, net | 1,185 | 953 | 1,186 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Property acquired under build-to-suit and capital leases | 17 | 15 | 109 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COSTCO WHOLESALE CORP /NEW | ||
Ticker: COST Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Sept 3, 2017 10-K (Filed: Oct 18, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 3, 2017 | Aug 28, 2016 | |
| Deferred Revenue, Current | $ 1,498 | 1,362 |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | 4,546 | 3,379 |
| Short-term investments | 1,233 | 1,350 |
| Receivables, net | 1,432 | 1,252 |
| Merchandise inventories | 9,834 | 8,969 |
| Other current assets | 272 | 268 |
| Total current assets | 17,317 | 15,218 |
| PROPERTY AND EQUIPMENT | ||
| Land | 5,690 | 5,395 |
| Buildings and improvements | 15,127 | 13,994 |
| Equipment and fixtures | 6,681 | 6,077 |
| Construction in progress | 843 | 701 |
| Gross property and equipment | 28,341 | 26,167 |
| Less accumulated depreciation and amortization | (10,180) | (9,124) |
| Net property and equipment | 18,161 | 17,043 |
| OTHER ASSETS | 869 | 902 |
| TOTAL ASSETS | 36,347 | 33,163 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 9,608 | 7,612 |
| Current portion long-term debt | 86 | 1,100 |
| Accrued salaries and benefits | 2,703 | 2,629 |
| Accrued member rewards | 961 | 869 |
| Other current liabilities | 2,639 | 2,003 |
| Total current liabilities | 17,495 | 15,575 |
| LONG-TERM DEBT, excluding current portion | 6,573 | 4,061 |
| OTHER LIABILITIES | 1,200 | 1,195 |
| Total liabilities | 25,268 | 20,831 |
| COMMITMENTS AND CONTINGENCIES | ||
| EQUITY | ||
| Preferred stock $.01 par value; 100,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Common stock $.01 par value; 900,000,000 shares authorized; 437,204,000 and 437,524,000 shares issued and outstanding | 4 | 2 |
| Additional paid-in capital | 5,800 | 5,490 |
| Accumulated other comprehensive loss | (1,014) | (1,099) |
| Retained earnings | 5,988 | 7,686 |
| Total Costco stockholders' equity | 10,778 | 12,079 |
| Noncontrolling interests | 301 | 253 |
| Total equity | 11,079 | 12,332 |
| TOTAL LIABILITIES AND EQUITY | 36,347 | 33,163 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2017 | |
| 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 |