Give a brief description of the status of the attached STATEMENT OF INCOME

COSTCO WHOLESALE CORPORATION

CONSOLIDATED BALANCE SHEETS (Amounts in millions, except par value and share data)

	August 30, 2015				August 31, 2014
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	4,801			$	5,738
Short-term investments	1,618				1,577
Receivables, net	1,224				1,148
Merchandise inventories	8,908				8,456
Deferred income taxes and other current assets	748				669
Total current assets	17,299				17,588
PROPERTY AND EQUIPMENT
Land	4,961				4,716
Buildings and improvements	12,618				12,522
Equipment and fixtures	5,274				4,845
Construction in progress	811				592
	23,664				22,675
Less accumulated depreciation and amortization	(8,263		)		(7,845		)
Net property and equipment	15,401				14,830
OTHER ASSETS	740				606
TOTAL ASSETS	$	33,440			$	33,024
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable	$	9,011			$	8,491
Current portion of long-term debt	1,283				0
Accrued salaries and benefits	2,468				2,231
Accrued member rewards	813				773
Deferred membership fees	1,269				1,254
Other current liabilities	1,696				1,663
Total current liabilities	16,540				14,412
LONG-TERM DEBT, excluding current portion	4,864				5,093
DEFERRED INCOME TAXES AND OTHER LIABILITIES	1,193				1,004
Total liabilities	22,597				20,509
COMMITMENTS AND CONTINGENCIES
EQUITY
Preferred stock $.005 par value; 100,000,000 shares authorized; no shares issued and outstanding	0				0
Common stock $.005 par value; 900,000,000 shares authorized; 437,952,000 and 437,683,000 shares issued and outstanding	2				2
Additional paid-in capital	5,218				4,919
Accumulated other comprehensive loss	(1,121		)		(76		)
Retained earnings	6,518				7,458
Total Costco stockholders’ equity	10,617				12,303
Noncontrolling interests	226				212
Total equity	10,843				12,515
TOTAL LIABILITIES AND EQUITY	$	33,440			$	33,024

The accompanying notes are an integral part of these consolidated financial statements.

Give a brief description in a paragraph of the status of the attached STATEMENT OF INCOME

COSTCO WHOLESALE CORPORATION 

CONSOLIDATED STATEMENTS OF INCOME (amounts in millions, except per share data)

	52 Weeks Ended				52 Weeks Ended				52 Weeks Ended
	August 30, 2015				August 31, 2014				September 1, 2013
REVENUE
Net sales	$	113,666			$	110,212			$	102,870
Membership fees	2,533				2,428				2,286
Total revenue	116,199				112,640				105,156
OPERATING EXPENSES
Merchandise costs	101,065				98,458				91,948
Selling, general and administrative	11,445				10,899				10,104
Preopening expenses	65				63				51
Operating income	3,624				3,220				3,053
OTHER INCOME (EXPENSE)
Interest expense	(124		)		(113		)		(99		)
Interest income and other, net	104				90				97
INCOME BEFORE INCOME TAXES	3,604				3,197				3,051
Provision for income taxes	1,195				1,109				990
Net income including noncontrolling interests	2,409				2,088				2,061
Net income attributable to noncontrolling interests	(32		)		(30		)		(22		)
NET INCOME ATTRIBUTABLE TO COSTCO	$	2,377			$	2,058			$	2,039
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
Basic	$	5.41			$	4.69			$	4.68
Diluted	$	5.37			$	4.65			$	4.63
Shares used in the calculation (000’s)
Basic	439,455				438,693				435,741
Diluted	442,716				442,485				440,512
CASH DIVIDENDS DECLARED PER COMMON SHARE	$	6.51			$	1.33

COSTCO WHOLESALE CORPORATION

 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (amounts in millions)

	52 Weeks Ended				52 Weeks Ended				52 Weeks Ended
	August 30, 2015				August 31, 2014				September 1, 2013
NET INCOME INCLUDING NONCONTROLLING INTERESTS	$	2,409			$	2,088			$	2,061
Foreign-currency translation adjustment and other, net	(1,063		)		49				(278		)
Comprehensive income	1,346				2,137				1,783
Less: Comprehensive income attributable to noncontrolling interests	14				33				22
COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO	$	1,332			$	2,104			$	1,761