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: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Aug 28, 2011 10-K (Filed: Oct 14, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Aug 28, 2011 | Aug 29, 2010 | Aug 30, 2009 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 1,542 | 1,323 | 1,099 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 855 | 795 | 728 |
| Stock-based compensation | 207 | 190 | 181 |
| Undistributed equity earnings in joint ventures | (1) | (42) | (33) |
| Excess tax benefits on stock-based awards | (45) | (10) | (2) |
| Other non-cash operating activities, net | 24 | 2 | 46 |
| Deferred income tax expense | 84 | 7 | 70 |
| Changes in operating assets and liabilities, net of the initial consolidation of Costco Mexico at the beginning of fiscal 2011: | |||
| Increase in merchandise inventories | (642) | (213) | (394) |
| Increase in accounts payable | 804 | 445 | 255 |
| Other operating assets and liabilities, net | 370 | 283 | 142 |
| Net cash provided by operating activities | 3,198 | 2,780 | 2,092 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Additions to property and equipment | (1,290) | (1,055) | (1,250) |
| Increase resulting from initial consolidation of Costco Mexico | 165 | 0 | 0 |
| Proceeds from the sale of property and equipment | 16 | 4 | 7 |
| Purchases of short-term investments | (3,276) | (2,693) | (1,806) |
| Maturities of short-term investments | 2,614 | 1,428 | 1,780 |
| Sales of investments | 602 | 309 | 183 |
| Other investing activities, net | (11) | (8) | (15) |
| Net cash used in investing activities | (1,180) | (2,015) | (1,101) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank checks outstanding | (514) | 5 | (22) |
| Repayments of short-term borrowings | (105) | (73) | (1,777) |
| Proceeds from short-term borrowings | 79 | 81 | 1,669 |
| Repayments of long-term debt | 0 | (84) | (6) |
| Cash dividend payments | (389) | (338) | (296) |
| Investment by (distribution to) noncontrolling interests | 9 | 0 | (9) |
| Excess tax benefits on stock-based awards | 45 | 10 | 2 |
| Proceeds from stock-based awards, net of minimum tax withholdings | 224 | 193 | 69 |
| Repurchases of common stock | (624) | (551) | (69) |
| Other financing activities, net | (2) | 38 | 0 |
| Net cash used in financing activities | (1,277) | (719) | (439) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 54 | 11 | (14) |
| Net increase in cash and cash equivalents | 795 | 57 | 538 |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 3,214 | 3,157 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 4,009 | 3,214 | 3,157 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Interest (reduced by $9, $11, and $8 interest capitalized in 2011, 2010, and 2009, respectively) | 111 | 110 | 104 |
| Income taxes | 742 | 637 | 565 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| (Decrease) Increase in accrued property and equipment | (10) | 24 | 20 |
| Common stock issued upon conversion of 3.5% Zero Coupon Convertible Subordinated Notes | 2 | 1 | 19 |
| Property acquired under capital leases | 0 | 90 | 72 |
| Unsettled repurchases of common stock | 17 | 17 | 0 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2011 | |
| 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 |