Question
Consolidated Balance Sheets - USD ($) Sep. 02, 2018 Sep. 03, 2017 Common Size Balance Sheet Amount Percent Amount Percent CURRENT ASSETS Cash and cash
Consolidated Balance Sheets - USD ($) | Sep. 02, 2018 |
| Sep. 03, 2017 |
|
Common Size Balance Sheet | Amount | Percent | Amount | Percent |
CURRENT ASSETS | ||||
Cash and cash equivalents | $6,055,000,000 | 14.83% | $4,546,000,000 | 12.51% |
Short-term investments | 1,204,000,000 | 2.95% | 1,233,000,000 | 3.39% |
Receivables, net | 1,669,000,000 | 4.09% | 1,432,000,000 | 3.94% |
Merchandise inventories | 11,040,000,000 | 27.04% | 9,834,000,000 | 27.06% |
Other current assets | 321,000,000 | 0.79% | 272,000,000 | 0.75% |
Total current assets | 20,289,000,000 | 49.69% | 17,317,000,000 | 47.64% |
PROPERTY AND EQUIPMENT | ||||
Land | 6,193,000,000 | 15.17% | 5,690,000,000 | 15.65% |
Buildings and improvements | 16,107,000,000 | 39.45% | 15,127,000,000 | 41.62% |
Equipment and fixtures | 7,274,000,000 | 17.82% | 6,681,000,000 | 18.38% |
Construction in progress | 1,140,000,000 | 2.79% | 843,000,000 | 2.32% |
Gross property and equipment | 30,714,000,000 | 75.22% | 28,341,000,000 | 77.97% |
Less accumulated depreciation and amortization | -11,033,000,000 | -27.02% | -10,180,000,000 | -28.01% |
Net property and equipment | 19,681,000,000 | 48.20% | 18,161,000,000 | 49.97% |
OTHER ASSETS | 860,000,000 | 2.11% | 869,000,000 | 2.39% |
TOTAL ASSETS | 40,830,000,000 | 100.00% | 36,347,000,000 | 100.00% |
CURRENT LIABILITIES | ||||
Accounts payable | 11,237,000,000 | 27.52% | 9,608,000,000 | 26.43% |
Accrued salaries and benefits | 2,994,000,000 | 7.33% | 2,703,000,000 | 7.44% |
Accrued member rewards | 1,057,000,000 | 2.59% | 961,000,000 | 2.64% |
Deferred membership fees | 1,624,000,000 | 3.98% | 1,498,000,000 | 4.12% |
Other current liabilities | 3,014,000,000 | 7.38% | 2,725,000,000 | 7.50% |
Total current liabilities | 19,926,000,000 | 48.80% | 17,495,000,000 | 48.13% |
LONG-TERM DEBT, excluding current portion | 6,487,000,000 | 15.89% | 6,573,000,000 | 18.08% |
OTHER LIABILITIES | 1,314,000,000 | 3.22% | 1,200,000,000 | 3.30% |
Total liabilities | 27,727,000,000 | 67.91% | 25,268,000,000 | 69.52% |
COMMITMENTS AND CONTINGENCIES | ||||
EQUITY | ||||
Preferred stock $.01 par value; 100,000,000 shares authorized; no shares issued and outstanding | 0 | 0.00% | 0 | 0.00% |
Common stock $0.01 par value; 900,000,000 shares authorized; 438,189,000 and 437,204,000 shares issued and outstanding | 4,000,000 | 0.01% | 4,000,000 | 0.01% |
Additional paid-in capital | 6,107,000,000 | 14.96% | 5,800,000,000 | 15.96% |
Accumulated other comprehensive loss | -1,199,000,000 | -2.94% | -1,014,000,000 | -2.79% |
Retained earnings | 7,887,000,000 | 19.32% | 5,988,000,000 | 16.47% |
Total Costco stockholders' equity | 12,799,000,000 | 31.35% | 10,778,000,000 | 29.65% |
Noncontrolling interests | 304,000,000 | 0.74% | 301,000,000 | 0.83% |
Total equity | 13,103,000,000 | 32.09% | 11,079,000,000 | 30.48% |
TOTAL LIABILITIES AND EQUITY | $40,830,000,000 | 100.00% | $36,347,000,000 | 100.00% |
Consolidated Statements Of Income - USD ($) | 12 Months Ended |
|
|
|
|
|
shares in Thousands, $ in Millions | Sep. 02, 2018 |
| Sep. 03, 2017 |
| Aug. 28, 2016 |
|
Common Size Income Statement | Amount | Percent | Amount | Percent | Amount | Percent |
REVENUE | ||||||
Total revenue | $141,576 | 100.00% | $129,025 | 100.00% | $118,719 | 100.00% |
OPERATING EXPENSES | ||||||
Merchandise costs | 123,152 | 86.99% | 111,882 | 86.71% | 102,901 | 86.68% |
Selling, general and administrative | 13,876 | 9.80% | 12,950 | 10.04% | 12,068 | 10.17% |
Preopening expenses | 68 | 0.05% | 82 | 0.06% | 78 | 0.07% |
Operating Income | 4,480 | 3.16% | 4,111 | 3.19% | 3,672 | 3.09% |
OTHER INCOME (EXPENSE) | ||||||
Interest expense | -159 | -0.11% | -134 | -0.10% | -133 | -0.11% |
Interest income and other, net | 121 | 0.09% | 62 | 0.05% | 80 | 0.07% |
INCOME BEFORE INCOME TAXES | 4,442 | 3.14% | 4,039 | 3.13% | 3,619 | 3.05% |
Provision for income taxes | 1,263 | 0.89% | 1,325 | 1.03% | 1,243 | 1.05% |
Net income including noncontrolling interests | 3,179 | 2.25% | 2,714 | 2.10% | 2,376 | 2.00% |
Net income attributable to noncontrolling interests | -45 | -0.03% | -35 | -0.03% | -26 | -0.02% |
NET INCOME ATTRIBUTABLE TO COSTCO | $3,134 | 2.21% | $2,679 | 2.08% | $2,350 | 1.98% |
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: | ||||||
Basic (in dollars per share) | $7.15 | 0.01% | $6.11 | 0.00% | $5.36 | 0.00% |
Diluted (in dollars per share) | $7.09 | 0.01% | $6.08 | 0.00% | $5.33 | 0.00% |
Weighted Average Number of Shares Outstanding, Diluted [Abstract] | ||||||
Basic (shares) | 438,515 | 309.74% | 438,437 | 339.81% | 438,585 | 369.43% |
Diluted (shares) | 441,834 | 312.08% | 440,937 | 341.75% | 441,263 | 371.69% |
CASH DIVIDEND DECLARED PER COMMON SHARE | $2.14 | 0.00% | $8.90 | 0.01% | $1.70 | 0.00% |
Net sales | ||||||
REVENUE | ||||||
Total revenue | $138,434 | 97.78% | $126,172 | 97.79% | $116,073 | 97.77% |
Membership fees | ||||||
REVENUE | ||||||
Total revenue | $3,142 | 2.22% | $2,853 | 2.21% | $2,646 | 2.23% |
Profitability, Liquidity and Solvency Ratio Analysis: Calculate the key ratios in each category and evaluate all of them.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started