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: 2018 | |||
Consolidated Statements Of Income | |||
Period Ending Sept 2, 2018 10-K (Filed: Oct 26, 2018) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 2, 2018 | Sept 3, 2017 | Aug 28, 2016 | |
| REVENUE | |||
| Total revenue | $ 141,576 | 129,025 | 118,719 |
| OPERATING EXPENSES | |||
| Merchandise costs | 123,152 | 111,882 | 102,901 |
| Selling, general and administrative | 13,876 | 12,950 | 12,068 |
| Preopening expenses | 68 | 82 | 78 |
| Operating Income | 4,480 | 4,111 | 3,672 |
| OTHER INCOME (EXPENSE) | |||
| Interest expense | (159) | (134) | (133) |
| Interest income and other, net | 121 | 62 | 80 |
| INCOME BEFORE INCOME TAXES | 4,442 | 4,039 | 3,619 |
| Provision for income taxes | 1,263 | 1,325 | 1,243 |
| Net income including noncontrolling interests | 3,179 | 2,714 | 2,376 |
| Net income attributable to noncontrolling interests | (45) | (35) | (26) |
| NET INCOME ATTRIBUTABLE TO COSTCO | 3,134 | 2,679 | 2,350 |
| NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: | |||
| Basic (in dollars per share) | 7.15 | 6.11 | 5.36 |
| Diluted (in dollars per share) | 7.09 | 6.08 | 5.33 |
| Weighted Average Number of Shares Outstanding, Diluted [Abstract] | |||
| Basic (shares) | 438,515 | 438,437 | 438,585 |
| Diluted (shares) | 441,834 | 440,937 | 441,263 |
| CASH DIVIDEND DECLARED PER COMMON SHARE | 2.14 | 8.90 | 1.70 |
| Product and Service | |||
| Net sales | |||
| Total revenue | 138,434 | 126,172 | 116,073 |
| Membership fees | |||
| Total revenue | 3,142 | 2,853 | 2,646 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2018 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Sept 2, 2018 10-K (Filed: Oct 26, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 2, 2018 | Sept 3, 2017 | Aug 28, 2016 | |
| NET INCOME INCLUDING NONCONTROLLING INTERESTS | $ 3,179 | 2,714 | 2,376 |
| Foreign-currency translation adjustment and other, net | (192) | 98 | 26 |
| Comprehensive income | 2,987 | 2,812 | 2,402 |
| Less: Comprehensive income attributable to noncontrolling interests | 38 | 48 | 30 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO | 2,949 | 2,764 | 2,372 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2018 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Sept 2, 2018 10-K (Filed: Oct 26, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 2, 2018 | Sept 3, 2017 | Aug 28, 2016 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 3,179 | 2,714 | 2,376 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,437 | 1,370 | 1,255 |
| Stock-based compensation | 544 | 514 | 459 |
| Other non-cash operating activities, net | (6) | (14) | (57) |
| Deferred income taxes | (49) | (29) | 269 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventories | (1,313) | (894) | (25) |
| Accounts payable | 1,561 | 2,258 | (1,532) |
| Other operating assets and liabilities, net | 421 | 807 | 547 |
| Net cash provided by operating activities | 5,774 | 6,726 | 3,292 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of short-term investments | (1,060) | (1,279) | (1,432) |
| Maturities and sales of short-term investments | 1,078 | 1,385 | 1,709 |
| Additions to property and equipment | (2,969) | (2,502) | (2,649) |
| Other investing activities, net | 4 | 30 | 27 |
| Net cash used in investing activities | (2,947) | (2,366) | (2,345) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank checks outstanding | 80 | (236) | 81 |
| Repayments of short-term borrowings | 0 | 0 | (106) |
| Proceeds from short-term borrowings | 0 | 0 | 106 |
| Proceeds from issuance of long-term debt | 0 | 3,782 | 185 |
| Repayments of long-term debt | (86) | (2,200) | (1,288) |
| Tax withholdings on stock-based awards | (217) | (202) | (220) |
| Repurchases of common stock | (328) | (469) | (486) |
| Cash dividend payments | (689) | (3,904) | (746) |
| Other financing activities, net | (41) | 11 | 55 |
| Net cash (used in) provided by financing activities | (1,281) | (3,218) | (2,419) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (37) | 25 | 50 |
| Net change in cash and cash equivalents | 1,509 | 1,167 | (1,422) |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 4,546 | 3,379 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 6,055 | 4,546 | 3,379 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest (reduced by $19, $16, and $19, interest capitalized in 2018, 2017, and 2016, respectively) | 143 | 131 | 123 |
| Income taxes, net | 1,204 | 1,185 | 953 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Property and equipment acquired, but not yet paid | 113 | 0 | 0 |
| Cash dividend declared, but not yet paid | 250 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COSTCO WHOLESALE CORP /NEW | ||
Ticker: COST Fiscal Year: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending Sept 2, 2018 10-K (Filed: Oct 26, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Sept 2, 2018 | Sept 3, 2017 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 6,055 | 4,546 |
| Short-term investments | 1,204 | 1,233 |
| Receivables, net | 1,669 | 1,432 |
| Merchandise inventories | 11,040 | 9,834 |
| Other current assets | 321 | 272 |
| Total current assets | 20,289 | 17,317 |
| PROPERTY AND EQUIPMENT | ||
| Land | 6,193 | 5,690 |
| Buildings and improvements | 16,107 | 15,127 |
| Equipment and fixtures | 7,274 | 6,681 |
| Construction in progress | 1,140 | 843 |
| Gross property and equipment | 30,714 | 28,341 |
| Less accumulated depreciation and amortization | (11,033) | (10,180) |
| Net property and equipment | 19,681 | 18,161 |
| OTHER ASSETS | 860 | 869 |
| TOTAL ASSETS | 40,830 | 36,347 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 11,237 | 9,608 |
| Accrued salaries and benefits | 2,994 | 2,703 |
| Accrued member rewards | 1,057 | 961 |
| Deferred membership fees | 1,624 | 1,498 |
| Other current liabilities | 3,014 | 2,725 |
| Total current liabilities | 19,926 | 17,495 |
| LONG-TERM DEBT, excluding current portion | 6,487 | 6,573 |
| OTHER LIABILITIES | 1,314 | 1,200 |
| Total liabilities | 27,727 | 25,268 |
| COMMITMENTS AND CONTINGENCIES | ||
| EQUITY | ||
| Preferred stock $.01 par value; 100,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Common stock $0.01 par value; 900,000,000 shares authorized; 438,189,000 and 437,204,000 shares issued and outstanding | 4 | 4 |
| Additional paid-in capital | 6,107 | 5,800 |
| Accumulated other comprehensive loss | (1,199) | (1,014) |
| Retained earnings | 7,887 | 5,988 |
| Total Costco stockholders' equity | 12,799 | 10,778 |
| Noncontrolling interests | 304 | 301 |
| Total equity | 13,103 | 11,079 |
| TOTAL LIABILITIES AND EQUITY | 40,830 | 36,347 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2018 | |
| 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 |