Costco Wholesale Corporation (COST) financial statements (2022 and earlier)

Company profile

Business Address 999 LAKE DRIVE
ISSAQUAH, WA 98027-
State of Incorp. WA
Fiscal Year End August 31
SIC 5331 - Variety Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

1/31/2022
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,29612,17513,3059,4447,2595,7794,729
Cash and cash equivalents11,81911,25812,2778,3846,0554,5463,379
Short-term investments4779171,0281,0601,2041,2331,350
Receivables2,2321,8031,5501,5351,6691,4321,252
Inventory, net of allowances, customer advances and progress billings16,48514,21512,24211,39511,0409,8348,969
Inventory16,48514,21512,24211,39511,0409,8348,969
Other current assets1,5521,3121,0231,111321272268
Total current assets:32,56529,50528,12023,48520,28917,31715,218
Noncurrent Assets
Operating lease, right-of-use asset2,8402,8902,788 
Property, plant and equipment24,05223,49221,80720,89019,68118,16117,043
Other noncurrent assets3,6213,3812,8411,025860869902
Total noncurrent assets:30,51329,76327,43621,91520,54119,03017,945
TOTAL ASSETS:63,07859,26855,55645,40040,83036,34733,163
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities23,23422,03917,77715,14114,48112,31110,241
Accounts payable17,08916,27814,17211,67911,2379,6087,612
Accrued liabilities1,7981,671     
Employee-related liabilities4,3474,0903,6053,1762,9942,7032,629
Interest and dividends payable   286250  
Deferred revenue2,2442,0421,8511,711
Debt 7999362,372560861,100
Deferred revenue and credits2,4592,231
Other liabilities6,0674,5613,7283,7923,0142,6392,003
Other undisclosed current liabilities  5522211,871  
Total current liabilities:31,54529,44124,84423,23719,92617,49515,575
Noncurrent Liabilities
Long-term debt and lease obligation9,2469,3347,5145,1246,4876,5734,061
Long-term debt, excluding current maturities6,6586,6927,5145,1246,4876,5734,061
Operating lease, liability2,5882,642  
Liabilities, other than long-term debt2,3111,6611,9351,4551,3141,2001,195
Deferred income tax liabilities (754)  
Other liabilities2,3112,4151,9351,4551,3141,2001,195
Other undisclosed noncurrent liabilities 7542,558    
Total noncurrent liabilities:11,55711,74912,0076,5797,8017,7735,256
Total liabilities:43,10241,19036,85129,81627,72725,26820,831
Stockholders' equity
Stockholders' equity attributable to parent19,41817,56418,28415,24312,79910,77812,079
Common stock4444442
Additional paid in capital7,1867,0316,6986,4176,1075,8005,490
Accumulated other comprehensive loss(1,246)(1,137)(1,297)(1,436)(1,199)(1,014)(1,099)
Retained earnings13,47411,66612,87910,2587,8875,9887,686
Stockholders' equity attributable to noncontrolling interest558514421341304301253
Total stockholders' equity:19,97618,07818,70515,58413,10311,07912,332
TOTAL LIABILITIES AND EQUITY:63,07859,26855,55645,40040,83036,34733,163

Income statement (P&L) ($ in millions)

1/31/2022
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Revenues210,219195,929166,761152,703141,576129,025118,719
Revenue, net126,172116,073
Cost of revenue
(Cost of Goods and Services Sold)
(183,617)(170,684)(144,939)(132,886)(123,152)(111,882)(102,901)
Other undisclosed gross profit   (3,352)   
Gross profit:26,60225,24521,82216,46518,42417,14315,818
Operating expenses(19,159)(18,537)(16,387)(15,080)(13,944)(13,032)(12,146)
Other undisclosed operating income   3,352   
Operating income:7,4436,7085,4354,7374,4804,1113,672
Interest and debt expense(167)(171)(160)(150)(159)(134)(133)
Income from continuing operations before equity method investments, income taxes:7,2766,5375,2754,5874,3213,9773,539
Other undisclosed income from continuing operations before income taxes162143921781216280
Income from continuing operations before income taxes:7,4386,6805,3674,7654,4424,0393,619
Income tax expense(1,846)(1,601)(1,308)(1,061)(1,263)(1,325)(1,243)
Net income:5,5925,0794,0593,7043,1792,7142,376
Net loss attributable to noncontrolling interest(79)(72)(57)(45)(45)(35)(26)
Net income available to common stockholders, diluted:5,5135,0074,0023,6593,1342,6792,350

Comprehensive Income ($ in millions)

1/31/2022
TTM
8/31/2021
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
Net income:5,5925,0794,0593,7043,1792,7142,376
Other undisclosed comprehensive income (loss)(283)181162(245)(192)9826
Comprehensive income:5,3095,2604,2213,4592,9872,8122,402
Comprehensive loss, net of tax, attributable to noncontrolling interest(81)(93)(80)(37)(38)(48)(30)
Comprehensive income, net of tax, attributable to parent:5,2285,1674,1413,4222,9492,7642,372

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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