Costco Wholesale Corporation (COST) financial statements (2021 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)

1/31/2021
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,25413,3059,4447,2595,7794,7296,419
Cash and cash equivalents8,63712,2778,3846,0554,5463,3794,801
Short-term investments6171,0281,0601,2041,2331,3501,618
Receivables1,9341,5501,5351,6691,4321,2521,224
Inventory, net of allowances, customer advances and progress billings13,86512,24211,39511,0409,8348,9698,908
Inventory13,86512,24211,39511,0409,8348,9698,908
Other current assets1,2551,0231,111321272268 
Other undisclosed current assets      748
Total current assets:26,30828,12023,48520,28917,31715,21817,299
Noncurrent Assets
Operating lease, right-of-use asset2,8872,788 
Property, plant and equipment22,53121,80720,89019,68118,16117,04315,401
Other noncurrent assets3,1922,8411,025860869902740
Total noncurrent assets:28,61027,43621,91520,54119,03017,94516,141
TOTAL ASSETS:54,91855,55645,40040,83036,34733,16333,440
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,05617,77715,14114,48112,31110,24112,356
Accounts payable14,38314,17211,67911,2379,6087,6129,011
Accrued liabilities1,541     386
Employee-related liabilities4,1323,6053,1762,9942,7032,6292,468
Taxes payable      491
Interest and dividends payable  286250   
Deferred revenue2,0481,8511,711
Debt959362,372560861,1001,293
Customer refund liability      813
Deferred revenue and credits2,4592,2311,269
Other liabilities4,3653,7283,7923,0142,6392,0031,696
Other undisclosed current liabilities 5522211,871  (887)
Total current liabilities:26,56424,84423,23719,92617,49515,57516,540
Noncurrent Liabilities
Long-term debt and lease obligation10,1737,5145,1246,4876,5734,0615,150
Long-term debt, excluding current maturities7,5227,5145,1246,4876,5734,0614,864
Capital lease obligations   286
Operating lease, liability2,651  
Liabilities, other than long-term debt2,0521,9351,4551,3141,2001,195516
Asset retirement obligations      54
Deferred tax liabilities, net   462
Other liabilities2,0521,9351,4551,3141,2001,195 
Other undisclosed noncurrent liabilities 2,558    391
Total noncurrent liabilities:12,22512,0076,5797,8017,7735,2566,057
Total liabilities:38,78936,85129,81627,72725,26820,83122,597
Stockholders' equity
Stockholders' equity attributable to parent15,65218,28415,24312,79910,77812,07910,617
Common stock4444422
Additional paid in capital6,8436,6986,4176,1075,8005,4905,218
Accumulated other comprehensive loss(961)(1,297)(1,436)(1,199)(1,014)(1,099)(1,121)
Retained earnings9,76612,87910,2587,8875,9887,6866,518
Stockholders' equity attributable to noncontrolling interest477421341304301253226
Total stockholders' equity:16,12918,70515,58413,10311,07912,33210,843
TOTAL LIABILITIES AND EQUITY:54,91855,55645,40040,83036,34733,16333,440

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

1/31/2021
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues178,626166,761152,703141,576129,025118,719116,199
Revenue, net126,172116,073113,666
Cost of revenue
(Cost of Goods and Services Sold)
(155,186)(144,939)(132,886)(123,152)(111,882)(102,901)(101,065)
Other undisclosed gross profit  (3,352)    
Gross profit:23,44021,82216,46518,42417,14315,81815,134
Operating expenses(17,562)(16,387)(15,080)(13,944)(13,032)(12,146)(11,510)
Other undisclosed operating income  3,352    
Operating income:5,8785,4354,7374,4804,1113,6723,624
Nonoperating income (expense)
(Foreign Currency Transaction gain, before Tax)
      35
Interest and debt expense(167)(160)(150)(159)(134)(133)(124)
Income from continuing operations before equity method investments, income taxes:5,7115,2754,5874,3213,9773,5393,535
Other undisclosed income from continuing operations before income taxes6092178121628069
Income from continuing operations before income taxes:5,7715,3674,7654,4424,0393,6193,604
Income tax expense(1,363)(1,308)(1,061)(1,263)(1,325)(1,243)(1,195)
Net income:4,4084,0593,7043,1792,7142,3762,409
Net loss attributable to noncontrolling interest(64)(57)(45)(45)(35)(26)(32)
Net income available to common stockholders, diluted:4,3444,0023,6593,1342,6792,3502,377

Comprehensive Income ($ in millions)

1/31/2021
TTM
8/31/2020
8/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Net income:4,4084,0593,7043,1792,7142,3762,409
Other undisclosed comprehensive income (loss)347162(245)(192)9826(1,063)
Comprehensive income:4,7554,2213,4592,9872,8122,4021,346
Comprehensive loss, net of tax, attributable to noncontrolling interest(92)(80)(37)(38)(48)(30)(14)
Comprehensive income, net of tax, attributable to parent:4,6634,1413,4222,9492,7642,3721,332

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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