10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
| |||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COSTCO WHOLESALE CORP /NEW | |||
Ticker: COST Fiscal Year: 2012 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Sept 2, 2012 10-K (Filed: Oct 19, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 2, 2012 | Aug 28, 2011 | Aug 29, 2010 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 1,767 | 1,542 | 1,323 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 908 | 855 | 795 |
| Stock-based compensation | 241 | 207 | 190 |
| Excess tax benefits on stock-based awards | (64) | (45) | (10) |
| Other non-cash operating activities, net | 28 | 23 | (40) |
| Deferred income taxes | (3) | 84 | 7 |
| Changes in operating assets and liabilities, net of the initial consolidation of Costco Mexico at the beginning of fiscal 2011: | |||
| Increase in merchandise inventories | (490) | (642) | (213) |
| Increase in accounts payable | 338 | 804 | 445 |
| Other operating assets and liabilities, net | 332 | 370 | 283 |
| Net cash provided by operating activities | 3,057 | 3,198 | 2,780 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of short-term investments | (2,048) | (3,276) | (2,693) |
| Maturities of short-term investments | 1,821 | 2,614 | 1,428 |
| Sales of investments | 482 | 602 | 309 |
| Additions to property and equipment | (1,480) | (1,290) | (1,055) |
| Proceeds from the sale of property and equipment | 11 | 16 | 4 |
| Increase resulting from initial consolidation of Costco Mexico | 0 | 165 | 0 |
| Other investing activities, net | (22) | (11) | (8) |
| Net cash used in investing activities | (1,236) | (1,180) | (2,015) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank checks outstanding | 457 | (514) | 5 |
| Repayments of short-term borrowings | (114) | (105) | (73) |
| Proceeds from short-term borrowings | 114 | 79 | 81 |
| Proceeds from issuance of long-term debt | 130 | 0 | 0 |
| Repayments of long-term debt | (900) | 0 | (84) |
| Investment by (distribution to) noncontrolling interests | (161) | 9 | 0 |
| Proceeds from exercise of stock options | 109 | 285 | 235 |
| Minimum tax withholdings on stock-based awards | (107) | (61) | (42) |
| Excess tax benefits on stock-based awards | 64 | 45 | 10 |
| Repurchases of common stock | (632) | (624) | (551) |
| Cash dividend payments | (446) | (389) | (338) |
| Purchase of noncontrolling interest in Costco Mexico | (789) | 0 | 0 |
| Other financing activities, net | (6) | (2) | 38 |
| Net cash used in financing activities | (2,281) | (1,277) | (719) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (21) | 54 | 11 |
| Net increase (decrease) in cash and cash equivalents | (481) | 795 | 57 |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 4,009 | 3,214 | |
| CASH AND CASH EQUIVALENTS END OF YEAR | 3,528 | 4,009 | 3,214 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash paid during the year for: | |||
| Interest (reduced by $10, $9, and $11 interest capitalized in 2012, 2011, and 2010, respectively) | 112 | 111 | 110 |
| Income taxes | 956 | 742 | 637 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| (Decrease)/increase in accrued property and equipment | (29) | (10) | 24 |
| Property acquired under capital leases | 18 | 0 | 90 |
| Unsettled repurchases of common stock | 2 | 17 | 17 |
| Distribution declared but not paid to noncontrolling interest | 22 | 0 | 0 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2012 | |
| 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 |