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: 2013 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Sept 1, 2013 10-K (Filed: Oct 16, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 1, 2013 | Sept 2, 2012 | Aug 28, 2011 | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income including noncontrolling interests | $ 2,061 | 1,767 | 1,542 |
| Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||
| Depreciation and amortization | 946 | 908 | 855 |
| Stock-based compensation | 285 | 241 | 207 |
| Excess tax benefits on stock-based awards | (61) | (64) | (45) |
| Other non-cash operating activities, net | (7) | 28 | 23 |
| Deferred income taxes | 7 | (3) | 84 |
| Changes in operating assets and liabilities, net of the initial consolidation of Costco Mexico at the beginning of fiscal 2011: | |||
| Increase in merchandise inventories | (898) | (490) | (642) |
| Increase in accounts payable | 718 | 338 | 804 |
| Other operating assets and liabilities, net | 386 | 332 | 370 |
| Net cash provided by operating activities | 3,437 | 3,057 | 3,198 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Purchases of short-term investments | (2,572) | (2,048) | (3,276) |
| Maturities of short-term investments | 2,141 | 1,821 | 2,614 |
| Sales of investments | 244 | 482 | 602 |
| Additions to property and equipment | (2,083) | (1,480) | (1,290) |
| Increase resulting from initial consolidation of Costco Mexico | 0 | 0 | 165 |
| Other investing activities, net | 19 | (11) | 5 |
| Net cash used in investing activities | (2,251) | (1,236) | (1,180) |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Change in bank checks outstanding | (70) | 457 | (514) |
| Repayments of short-term borrowings | (287) | (114) | (105) |
| Proceeds from short-term borrowings | 326 | 114 | 79 |
| Proceeds from issuance of long-term debt | 3,717 | 130 | 0 |
| Repayments of long-term debt | 0 | (900) | 0 |
| (Distribution to) investment by noncontrolling interests | (22) | (161) | 9 |
| Proceeds from exercise of stock options | 52 | 109 | 285 |
| Minimum tax withholdings on stock-based awards | (121) | (107) | (61) |
| Excess tax benefits on stock-based awards | 61 | 64 | 45 |
| Repurchases of common stock | (36) | (632) | (624) |
| Cash dividend payments | (3,560) | (446) | (389) |
| Purchase of noncontrolling interest in Costco Mexico | 0 | (789) | 0 |
| Other financing activities, net | (16) | (6) | (2) |
| Net cash provided by (used in) financing activities | 44 | (2,281) | (1,277) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (114) | (21) | 54 |
| Net increase (decrease) in cash and cash equivalents | 1,116 | (481) | 795 |
| CASH AND CASH EQUIVALENTS BEGINNING OF YEAR | 3,528 | 4,009 | |
| CASH AND CASH EQUIVALENTS END OF PERIOD | 4,644 | 3,528 | 4,009 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash paid during the first thirty-six weeks of year for: | |||
| Interest (reduced by $12, $10 and $9 interest capitalized in 2013, 2012 and 2011, respectively) | 86 | 112 | 111 |
| Income taxes | 1,001 | 956 | 742 |
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | |||
| Increase in accrued property and equipment | 40 | 0 | 0 |
| Property acquired under capital lease | 11 | 18 | 0 |
| Unsettled repurchases of common stock | 0 | 2 | 17 |
| Cash dividend declared, but not yet paid | 0 | 22 | 0 |
| Common stock issued upon conversion of 3.5% Zero Coupon Convertible Subordinated Notes | 30 | 2 | 2 |
| External Links | |
| COSTCO WHOLESALE CORP /NEW (COST) Fiscal Year 2013 | |
| 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 |