Costco Annunal report 2019

Enter Page #HERE!! Enter The Name of Your Company --> COSTCO Case 5-37 1. What items are included in the cash and Cash Equivalent category. Include page #) 2. How is Accounts Receivable presented on the Balance Sheet Gross or Net? A Gross Accounts Receivable amount (include page #) (If Not Given Enter "NA") B. Allowance for Doubtful Account amount (Search the Notes Section) (If Not Given Enter "NA") C. Net Accounts Receivables (NRV) (Gross A/R. Allowance) 3. What Inventory Method is used by your company? (Include page) Case 6-33 1. Method of Depreciation Used for Assets (Include page #) 2. How are PPE assets presented on the Balance sheet, Detailed or Net Amount? (Include page #) A Total PP&E Assets at Cost (Search the Notes Section) (Include page #) B. Accumulated Depreciation (Search the Notes Section) (Include page #) C. Net PP&E or Net Book Value (PPSE at Cost - Accum Dep. 3. List the Other Non-Current Assets, other than the PPGE items from the Balance Sheet or Notes section 1. (include page 2.(include page 3. (Include page # BE SURE To Include This Entire Template [include page COSTCO WHOLESALE CORPORATION CONSOLIDATED BALANCE SHEETS (amounts in millions, except par value and share data) September 1, 2019 September 2, 2018 ASSETS $ $ CURRENT ASSETS Cash and cash equivalents Short-term investments Receivables, net Merchandise inventories Other current assets Total current assets PROPERTY AND EQUIPMENT Land Buildings and improvements Equipment and fixtures Construction in progress 8,384 1,060 1,535 11,395 1,111 23,485 6,055 1,204 1,669 11,040 321 20,289 6,417 17,136 7,801 1,272 32,626 (11,736) 20,890 1,025 45.400 6,193 16,107 7,274 1,140 30,714 (11,033) 19,681 860 40,830 $ $ $ $ Less accumulated depreciation and amortization Net property and equipment. OTHER ASSETS TOTAL ASSETS LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable Accrued salaries and benefits Accrued member rewards Deferred membership fees Current portion of long-term debt Other current liabilities Total current liabilities LONG-TERM DEBT, excluding current portion OTHER LIABILITIES Total liabilities 11.679 3.176 1,180 1,711 1,699 3.792 23,237 5,124 1.455 29.816 11.237 2.994 1,057 1,624 90 2.924 19.926 6,487 1.314 27.727 17,136 7,801 1,272 32,626 (11,736) 20,890 1,025 45,400 16,107 7,274 1,140 30,714 (11,033) 19,681 860 40.830 $ $ Buildings and improvements Equipment and fixtures Construction in progress Less accumulated depreciation and amortization Net property and equipment OTHER ASSETS TOTAL ASSETS LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable Accrued salaries and benefits Accrued member rewards Deferred membership fees Current portion of long-term debt Other current liabilities Total current liabilities LONG-TERM DEBT, excluding current portion OTHER LIABILITIES Total liabilities COMMITMENTS AND CONTINGENCIES EQUITY Preferred stock $0.01 par value: 100,000,000 shares authorized; no shares issued and outstanding Common stock $0.01 par value: 900,000,000 shares authorized; 439,625,000 and 438,189,000 shares issued and outstanding Additional paid-in capital Accumulated other comprehensive loss Retained earnings Total Costco stockholders' equity Noncontrolling interests Total equity TOTAL LIABILITIES AND EQUITY 11,679 3,176 1,180 1,711 1,699 3.792 23,237 5,124 1,455 29.816 11,237 2,994 1,057 1,624 90 2.924 19,926 6,487 1,314 27.727 0 0 4 4 6,417 (1,436) 10.258 15,243 341 15.584 45.400 6.107 (1,199) 7.887 12.799 304 13,103 40,830 $ The accompanying notes are an integral part of these consolidated financial statements 34 COSTCO WHOLESALE CORPORATION CONSOLIDATED STATEMENTS OF INCOME (amounts in millions, except per share data) 52 Weeks Ended September 1, 2019 52 Weeks Ended September 2, 2018 63 Weeks Ended September 3, 2017 $ 149,351 $ 3,352 152,703 138,434 $ 3,142 141,576 126,172 2,853 129,025 132.886 14.994 86 4.737 123,152 13,876 68 4,480 111,882 12,950 82 4,111 (134) 62 REVENUE Net sales Membership fees Total revenue OPERATING EXPENSES Merchandise costs Selling, general and administrative Preopening expenses Operating income OTHER INCOME (EXPENSE) Interest expense Interest income and other net INCOME BEFORE INCOME TAXES Provision for income taxes Net income including noncontrolling interests. Net income attributable to noncontrolling interests NET INCOME ATTRIBUTABLE TO COSTCO NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: Basic Diluted Shares used in calculation (000's) Basic Diluted (150) 178 4,765 1,061 3,704 (159) 121 4,442 1,263 4,039 1,325 2.714 3,179 (45) 3.659 $ (45) 3,134 S (35) 2.679 $ 6.11 8.32 $ 8.26 $ 7.15 $ 7.095 $ 6.08 439.755 442.923 438.515 441.834 438,437 440,937 /05c62fe6-609-4e16-8d8b-5e456e5a0f7e COSTCO WHOLESALE CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (amounts in millions) 52 Weeks Ended September 1, 2019 52 Weeks Ended 53 Weeks Ended September 2, September 3, 2018 2017 3,704 $ 3,179 $ 2,714 NET INCOME INCLUDING NONCONTROLLING INTERESTS Foreign-currency translation adjustment and other, net Comprehensive income Less: Comprehensive income attributable to noncontrolling interests COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO (245) 3,459 (192) 2,987 98 2,812 37 38 48 $ 3,422 $ 2,949 $ 2,764