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: 2010 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Aug 29, 2010 10-K (Filed: Oct 18, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 29, 2010 | Aug 30, 2009 | Aug 31, 2008 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 1,323 | 1,099 | 1,295 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 795 | 728 | 653 |
| Stock-based compensation | 190 | 181 | 166 |
| Undistributed equity earnings in joint ventures | (42) | (33) | (41) |
| Excess tax benefits on stock-based awards | (10) | (2) | (41) |
| Other non-cash items, net | 2 | 46 | 4 |
| Deferred income taxes | 7 | 70 | 21 |
| Change in receivables, other current assets, deferred membership fees, accrued and other current liabilities | 283 | 142 | 245 |
| Increase in merchandise inventories | (213) | (394) | (192) |
| Increase in accounts payable | 445 | 255 | 96 |
| Net cash provided by operating activities | 2,780 | 2,092 | 2,206 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Additions to property and equipment, net of $24, $20, and $21 of non-cash capital expenditures for 2010, 2009, and 2008, respectively | (1,055) | (1,250) | (1,599) |
| Proceeds from the sale of property and equipment | 4 | 7 | 48 |
| Purchases of short-term investments | (2,693) | (1,806) | (1,507) |
| Maturities of short-term investments | 1,428 | 1,780 | 1,561 |
| Sales of investments | 309 | 183 | 165 |
| Other investing items, net | (8) | (9) | (14) |
| Investments transferred from cash and cash equivalents | 0 | (6) | (371) |
| Net cash used in investing activities | (2,015) | (1,101) | (1,717) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank checks outstanding | 5 | (22) | 49 |
| Repayments of short-term borrowings | (73) | (1,777) | (5,163) |
| Proceeds from short-term borrowings | 81 | 1,669 | 5,250 |
| Proceeds from issuance of long-term debt, net | 0 | 0 | 103 |
| Repayments of long-term debt | (84) | (6) | (69) |
| Cash dividend payments | (338) | (296) | (265) |
| Distribution to noncontrolling interests | 0 | (9) | 0 |
| Excess tax benefits on stock-based awards | 10 | 2 | 41 |
| Proceeds from stock-based awards, net | 193 | 69 | 306 |
| Repurchases of common stock | (551) | (69) | (895) |
| Other financing activities, net | 38 | 0 | 0 |
| Net cash used in financing activities | (719) | (439) | (643) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 11 | (14) | (7) |
| Net increase (decrease) in cash and cash equivalents | 57 | 538 | (161) |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 3,157 | 2,619 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 3,214 | 3,157 | 2,619 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest (reduced by $11, $8, and $16 interest capitalized in 2010, 2009, and 2008, respectively) | 110 | 104 | 106 |
| Income taxes | 637 | 565 | 615 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES: | |||
| Common stock issued upon conversion of 3.5% Zero Coupon Convertible Subordinated Notes | 1 | 19 | 0 |
| Property acquired under capital leases | 90 | 72 | 0 |
| Unsettled repurchases of common stock | 17 | 0 | 12 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2010 | |
| 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 |