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P4-45. Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. COSTCO WHOLESALE CORPORATION Consolidated Statements of Income Aug. 28,

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P4-45. Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. COSTCO WHOLESALE CORPORATION Consolidated Statements of Income Aug. 28, 2016 Aug. 30, 2015 Aug. 31, 2014 For Fiscal Years Ended ($ millions) Revenue Net sales Membership fees . 2,646 2,533 2,428 Operating expenses 102,901 101,065 98,458 10,899 63 3,624 3,220 12068 11,445 65 78 Operating income.... Other income (expense) (124) 104 3,604 1,195 2,409 32 (113) 90 3,197 1,109 2,088 Interest expense. .. (133) 80 3,619 1,243 2,376 Income before taxes . Net income including noncontrolling interests...... . Net income attributable to noncontrolling interests....... Net income attributable to Costco ................2,350 $ 2,377 $ 2,058

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