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