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: 2021 | |||
Consolidated Statements Of Income | |||
Period Ending Aug 29, 2021 10-K (Filed: Oct 6, 2021) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 29, 2021 | Aug 30, 2020 | Sept 1, 2019 | |
| REVENUE | |||
| Total revenue | $ 195,929 | 166,761 | 152,703 |
| OPERATING EXPENSES | |||
| Merchandise costs | 170,684 | 144,939 | 132,886 |
| Selling, general and administrative | 18,461 | 16,332 | 14,994 |
| Preopening expenses | 76 | 55 | 86 |
| Operating Income | 6,708 | 5,435 | 4,737 |
| OTHER INCOME (EXPENSE) | |||
| Interest expense | (171) | (160) | (150) |
| Interest income and other, net | 143 | 92 | 178 |
| INCOME BEFORE INCOME TAXES | 6,680 | 5,367 | 4,765 |
| Income Tax Expense (Benefit) | 1,601 | 1,308 | 1,061 |
| Net income including noncontrolling interests | 5,079 | 4,059 | 3,704 |
| Net income attributable to noncontrolling interests | (72) | (57) | (45) |
| NET INCOME ATTRIBUTABLE TO COSTCO | 5,007 | 4,002 | 3,659 |
| NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: | |||
| Basic (in dollars per share) | 11.30 | 9.05 | 8.32 |
| Diluted (in dollars per share) | 11.27 | 9.02 | 8.26 |
| Weighted Average Number of Shares Outstanding, Diluted [Abstract] | |||
| Basic (shares) | 443,089 | 442,297 | 439,755 |
| Diluted (shares) | 444,346 | 443,901 | 442,923 |
| Product and Service | |||
| Net sales | |||
| Total revenue | 192,052 | 163,220 | 149,351 |
| Membership fees | |||
| Total revenue | 3,877 | 3,541 | 3,352 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2021 | |||
Consolidated Statements Of Comprehensive Income | |||
Period Ending Aug 29, 2021 10-K (Filed: Oct 6, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 29, 2021 | Aug 30, 2020 | Sept 1, 2019 | |
| NET INCOME INCLUDING NONCONTROLLING INTERESTS | $ 5,079 | 4,059 | 3,704 |
| Foreign-currency translation adjustment and other, net | 181 | 162 | (245) |
| Comprehensive income | 5,260 | 4,221 | 3,459 |
| Less: Comprehensive income attributable to noncontrolling interests | 93 | 80 | 37 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO | 5,167 | 4,141 | 3,422 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2021 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Aug 29, 2021 10-K (Filed: Oct 6, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 29, 2021 | Aug 30, 2020 | Sept 1, 2019 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 5,079 | 4,059 | 3,704 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,781 | 1,645 | 1,492 |
| Non-cash lease expense | 286 | 194 | 0 |
| Stock-based compensation | 665 | 619 | 595 |
| Other non-cash operating activities, net | 85 | 42 | 9 |
| Deferred income taxes | 59 | 104 | 147 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventories | (1,892) | (791) | (536) |
| Accounts payable | 1,838 | 2,261 | 322 |
| Other operating assets and liabilities, net | 1,057 | 728 | 623 |
| Net Cash Provided by (Used in) Operating Activities | 8,958 | 8,861 | 6,356 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of short-term investments | (1,331) | (1,626) | (1,094) |
| Maturities and sales of short-term investments | 1,446 | 1,678 | 1,231 |
| Additions to property and equipment | (3,588) | (2,810) | (2,998) |
| Acquisitions | 0 | (1,163) | 0 |
| Other investing activities, net | (62) | 30 | (4) |
| Net Cash Provided by (Used in) Investing Activities | (3,535) | (3,891) | (2,865) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank payments outstanding | 188 | 137 | 210 |
| Proceeds from short-term borrowings | 41 | 0 | 0 |
| Proceeds from issuance of long-term debt | 0 | 3,992 | 298 |
| Repayments of long-term debt | (94) | (3,200) | (89) |
| Tax withholdings on stock-based awards | (312) | (330) | (272) |
| Repurchases of common stock | (496) | (196) | (247) |
| Cash dividend payments | (5,748) | (1,479) | (1,038) |
| Other financing activities, net | (67) | (71) | (9) |
| Net Cash Provided by (Used in) Financing Activities | (6,488) | (1,147) | (1,147) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 46 | 70 | (15) |
| Net change in cash and cash equivalents | (1,019) | 3,893 | 2,329 |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 12,277 | 8,384 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 11,258 | 12,277 | 8,384 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest paid | 149 | 124 | 141 |
| Income taxes paid, net | 1,527 | 1,052 | 1,187 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Cash dividend declared, but not yet paid | 0 | 0 | 286 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COSTCO WHOLESALE CORP /NEW | ||
Ticker: COST Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Aug 29, 2021 10-K (Filed: Oct 6, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Aug 29, 2021 | Aug 30, 2020 | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 11,258 | 12,277 |
| Short-term investments | 917 | 1,028 |
| Receivables, net | 1,803 | 1,550 |
| Merchandise inventories | 14,215 | 12,242 |
| Other current assets | 1,312 | 1,023 |
| Total current assets | 29,505 | 28,120 |
| OTHER ASSETS | ||
| Property and Equipment, net | 23,492 | 21,807 |
| Operating lease right-of-use assets | 2,890 | 2,788 |
| Other long-term assets | 3,381 | 2,841 |
| TOTAL ASSETS | 59,268 | 55,556 |
| LIABILITIES AND EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 16,278 | 14,172 |
| Accrued salaries and benefits | 4,090 | 3,605 |
| Accrued member rewards | 1,671 | 1,393 |
| Deferred membership fees | 2,042 | 1,851 |
| Current portion of long-term debt | 799 | 95 |
| Other current liabilities | 4,561 | 3,728 |
| Total current liabilities | 29,441 | 24,844 |
| OTHER LIABILITIES | ||
| Long-term debt, excluding current portion | 6,692 | 7,514 |
| Long-term operating lease liabilities | 2,642 | 2,558 |
| Other long-term liabilities | 2,415 | 1,935 |
| Total liabilities | 41,190 | 36,851 |
| EQUITY | ||
| Preferred stock $.01 par value; 100,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Common Stock $.01 par value; 100,000,000 shares authorized; 441,825,000 and 441,255,000 shares issued and outstanding | 4 | 4 |
| Additional paid-in capital | 7,031 | 6,698 |
| Accumulated other comprehensive loss | (1,137) | (1,297) |
| Retained earnings | 11,666 | 12,879 |
| Total Costco stockholders' equity | 17,564 | 18,284 |
| Noncontrolling interests | 514 | 421 |
| Total equity | 18,078 | 18,705 |
| TOTAL LIABILITIES AND EQUITY | 59,268 | 55,556 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2021 | |
| 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 |