Costco.xlsx

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    Sheet1

    Consolidated Statements Of Income – USD ($) shares in Thousands, $ in Millions COSTCO Wholesales Corporation Consolidated Balance Sheets – USD ($) $ in Millions 2021 2020 2019
    2021 2020 2019 CURRENT ASSETS
    REVENUE Cash and cash equivalents $ 11,258 $ 12,277 $ 8,384
    Total revenue $ 195,929 $ 166,761 $ 152,703 Short-term investments 917 1,028 $ 1,060
    OPERATING EXPENSES Receivables, net 1,803 1,550 $ 1,535
    Merchandise costs 170,684 144,939 132,886 Merchandise inventories 14,215 12,242 $ 11,395
    Selling, general and administrative 18,461 16,332 14,994 Other current assets 1,312 1,023 $ 1,111
    Preopening expenses 76 55 86 Total current assets 29,505 28,120 $ 23,485
    Operating Income 6,708 5,435 4,737 OTHER ASSETS
    OTHER INCOME (EXPENSE) Property and Equipment, net 23,492 21,807 20,890
    Interest expense (171) (160) (150) Operating lease right-of-use assets 2,890 2,788 0
    Interest income and other, net 143 92 178 Other long-term assets 3,381 2,841 1,025
    INCOME BEFORE INCOME TAXES 6,680 5,367 4,765 TOTAL ASSETS 59,268 55,556 45,400
    Income Tax Expense 1,601 1,308 1,061 CURRENT LIABILITIES
    Net income including noncontrolling interests 5,079 4,059 3,704 Accounts payable 16,278 14,172 11,679
    Net income attributable to noncontrolling interests (72) (57) (45) Accrued salaries and benefits 4,090 3,605 3,176
    NET INCOME ATTRIBUTABLE TO COSTCO $ 5,007 $ 4,002 $ 3,659 Accrued member rewards 1,671 1,393 1,180
    NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: Deferred membership fees 2,042 1,851 1,711
    Basic (in dollars per share) $ 11.30 $ 9.05 $ 8.32 Current portion of long-term debt 799 95 1,699
    Diluted (in dollars per share) $ 11.27 $ 9.02 $ 8.26 Other current liabilities 4,561 3,728 3,792
    Weighted Average Number of Shares Outstanding, Diluted [Abstract] Total current liabilities 29,441 24,844 23,237
    Basic (shares) 443,089 442,297 439,755 OTHER LIABILITIES
    Diluted (shares) 444,346 443,901 442,923 Long-term debt, excluding current portion 6,692 7,514 5,124
    Net sales Long-term operating lease liabilities 2,642 2,558
    REVENUE Other long-term liabilities 2,415 1,935 1455
    Total revenue $ 192,052 $ 163,220 $ 149,351 Total liabilities 41,190 36,851 29,816
    Membership fees EQUITY
    REVENUE Preferred stock 0 0 0
    Total revenue $ 3,877 $ 3,541 $ 3,352 Common Stock 4 4 4
    Additional paid-in capital 7,031 6,698 6,417
    Accumulated other comprehensive loss (1,137) (1,297) (1,436)
    Retained earnings 11,666 12,879 10,258
    Total Costco stockholders' equity 17,564 18,284 15,243
    Noncontrolling interests 514 421 341
    Total equity 18,078 18,705 15,584
    TOTAL LIABILITIES AND EQUITY $ 59,268 $ 55,556 $ 45,400
    COSTCO WHOLESALE CORPORATION
    DATA FROM STATEMENTS OF INCOME ( in million )
    2021 2020 2019 Change % in 2021 Change in amount 2021 Change % in 2020 Change in amount in 2022
    Net Sales $192,052 $163,220 $149,351 18% $28,832 9% $13,869
    Less merchandise costs $170,684 $144,939 $132,886 18% $25,745 9% $12,053
    Gross Profit $21,368 $18,281 $16,465
    Gross Profit Margin 11.13% 11.20% 11.02% -1% -$0 2% $0
    Total Revenue $195,929 $166,761 $152,703 17% $29,168 9% $14,058
    Net Profit Margin 2.6% 2.4% 2.4% 6% 0.00 0% 0.00
    Operating Income $195,929 $166,761 $152,703 17% $29,168 9% $14,058
    Interest Expenses -$171 -$160 -$150 7% -$11 7% -$10
    Interest Income and other $143 $92 $178 55% $51 -48% -$86
    Non operating Income -$28 -$68 $28 -59% $40 -343% -$96
    Net Income Before Taxes $6,680 $5,367 $4,765 24% $1,313 13% $602
    Net Income $5,007 $4,002 $3,659 25% $1,005 9% $343
    Earing per Share $11.27 $9.05 $8.26 25% $2.22 10% $0.79
    Income tax rate 24% 24% 22% -2% 0.09 9% 0.02
    COSTCO WHOLESALE CORPORATION
    DATA FROM BALANCE SHEETS ( in million )
    2021 2020 2019 Change % in 2021 Change in amount 2021 Change % in 2020 Change in amount in 2022
    Current Assets $29,505 $28,120 $23,485 4.9% $1,385 19.7% $4,635
    Total Assets $59,268 $55,556 $45,400 6.7% $3,712 22.4% $10,156
    Current Liabilities $29,441 $24,844 $23,237 18.5% $4,597 6.9% $1,607
    Total Liabilities $41,190 $36,851 $29,816 11.8% $4,339 23.6% $7,035
    Debt to Total Assets Ratio 0.69 0.66 0.66 4.8% 0.03 1.0% 0.01
    Book Value $18,078 $18,705 $15,584 -3.4% -$627.00 20.0% $3,121.00
    Current Ratio 1.00 1.13 1.01 -11.5% -0.13 12.0% $0.12

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