COSTCO WHOLESALE CORPORATION CONSOLIDATED STATEMENTS OF INCOME (amounts in millions, except per share data) 52 Weeks Ended August 29, 2021 52 Weeks Ended August 30, 2020 52 Weeks Ended September 1, 2019 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 $ 192,052 $ 163,220 $ 149,351 3,877 3,541 3,352 195,929 166,761 152,703 170,684 144,939 132,886 18,461 16,332 14,994 76 55 86 6,708 5,435 4,737 (171) (160) (150) 143 92 178 INCOME BEFORE INCOME TAXES 6,680 5,367 4,765 Provision for income taxes 1,601 1,308 1,061 Net income including noncontrolling interests 5,079 4,059 3,704 Net income attributable to noncontrolling interests (72) (57) (45) NET INCOME ATTRIBUTABLE TO COSTCO 5,007 $ 4,002 $ 3,659 NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: Basic $ 11.30 $ 9.05 $ 8.32 Diluted $ 11.27 $ 9.02 $ 8.26 Shares used in calculation (000's) Basic Diluted 443,089 444,346 442,297 443,901 439,755 442,923 Page 36 in Annual Report COSTCO WHOLESALE CORPORATION CONSOLIDATED BALANCE SHEETS (amounts in millions, except par value and share data) ASSETS August 29, 2021 August 30, 2020 CURRENT ASSETS Cash and cash equivalents Short-term investments 11,258 $ 12,277 917 1,028 Receivables, net of allowance for doubtful accounts of $90 and $70 1,803 1,550 Merchandise inventories 14,215 12,242 Other current assets 1,312 1,023 Total current assets 29,505 28,120 OTHER ASSETS Property and equipment, net 23,492 21,807 Operating lease right-of-use assets 2,890 2,788 Other long-term assets 3,381 2,841 TOTAL ASSETS $ 59,268 $ 55,556