Direct Computation of Nonoperating Return with Noncontrolling Interest Balance sheets and income statements for Costco Wholesale Corporation follow. Consolidated Statements of Earnings Revenue For Fiscal Years Ended ($ millions) September 1, 2013 September 2, 2012 August 28, 2011 Net Sales $102,870 $97,062 $87,048 Membership fees 2,286 2,075 1,867 Total revenue 105,156 99,137 88,915 Operating expenses Merchandise costs 91,948 86,823 77,739 Selling, general andadministrative 10,104 9,518 8,691 Preopening expenses 51 37 46 Operating Income 3,053 2,759 2,439 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 (99) (95) (116) 97 103 60 3,051 2,767 2,383 990 1,000 841 2,061 1,767 1,542 (22) (58) (80) $ 2,039 $ 1,709 $1,462 Consolidated Balance Sheets ($ millions, except par value and share data) September 1, 2013 September 2, 2012 Assets Current assets Cash and cash equivalents Short-term investments Receivables, net Merchandise inventories Deferred income taxes and other current assets Total current assets Property and equipment $ 4,644 $ 3,528 1,480 1,326 1,201 1,026 7,894 7,096 621 550 15,840 13,526