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Merchandise costs Selling general and administrative Preopening expenses Operating Income Other income (expense) Interest expense Interest income and other, net Analysis and Interpretation of
Merchandise costs Selling general and administrative Preopening expenses Operating Income Other income (expense) Interest expense Interest income and other, net Analysis and Interpretation of Profitability Costco Wholesale Corporation Consolidated Balance Sheets Balance sheets and income statements for Costco Wholesale Corporats millions, except par value and share data) September 2, 2018 September 3, 2017 Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) September 2, 2018 Total revenue $141,576 Operating expenses Current assets Cash and cash equivalents Short-term investments Receivables, net Merchandise inventories $6,055 $4,546 1,204 1,233 1,660 1,432 11,040 9,834 123,152 Other current assets 321 232 13.876 Total current assets 20,289 17,317 68 Net property and equipment 19.681 18.161 4.480 Other assets 860 Total assets $40,830 859 $36,347 159 Current liabilities (121) Accounts payable $11,237 $9,608 Income before income taxes 4,442 Accrued salaries and benefits 2,994 2,703 Provision for income taxes 1,263 Accrued member rewards 1,057 961 Net income including noncontrolling interests 3,179 Deferred membership fees 1,624 1,498 Net income attributable to noncontrolling interests (45) Other current liabilities 3,014 2,725 Net income attributable to Costco $3,134 Total current liabilities 19,926 17,495 Long-term debt 6,487 6,573 Other liabilities 1,314 1,200 Total liabilities 27,727 25,268 Equity Preferred stock, $0.01 par value: 0 0 Common stock, $0.01 par value: 4 4 Additional paid-in-capital 6,107 5,800 Accumulated other comprehensive loss (1,100) (1,014) Retained earnings 7,887 5,988 Total Castro stockholders' equity 12,799 10,778 Noncontrolling interests 304 301 Total equity 13,103 11,079 Total liabilities and equity $40,830 $36,347 (e) Compute return on equity (ROE) for 2018. (Round your answers to two decimal places. Do not round until your final answer.) 2018 ROE 23.92 x % (f) Infer the nonoperating return component of ROE for 2018. Use answers from above to calculate. Round your answer to two decimal places.) x % (2.6)
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