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What percentage of the membership fees recorded as revenue in 2019 is due to memberships initiated or renewed during fiscal year 2019? CONSOLIDATED STATEMENTS OF
What percentage of the membership fees recorded as revenue in 2019 is due to memberships initiated or renewed during fiscal year 2019?
CONSOLIDATED STATEMENTS OF INCOME (amounts in millions, except per share data) 52 Weeks Ended September 1, 2019 52 Weeks Ended September 2 2018 53 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 13,878 68 4.480 111.882 12.950 82 REVENUE Net sales Membership fees Total revenue OPERATING EXPENSES Merchandise costs Soling, general and administrative Preopening expenses Operating incomo OTHER INCOME (EXPENSE) Interest expense Interest income and other, net INCOME BEFORE INCOME TAXES Provision for income taxes Not 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 (45) 3,659 (159) 121 4,442 1.283 3,179 (45) 3.134 (134) 62 4,039 1,325 2,714 (35) 2,679 $ $ 8.32 8.26 7.15 7.09 6.11 $ $ $ 6.08 439,755 442,923 438,515 441.834 438,437 440,937 (amounts in millions, except par value and share data) September 1 2019 September 2, 2018 ASSETS $ 8.384 1,060 1.535 11,395 1.111 23.485 6,055 1,204 1,669 11.040 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 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 $ $ $ Loss 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 dobt Other current liabilities Total current oblities LONG-TERM DEBT, excluding current portion OTHER LIABILITIES Total abilities COMMITMENTS AND CONTINGENCIES EQUITY Preferred stock $0.01 par value: 100,000,000 shares authorized; no share issued and outstanding Common stock 50.01 par value: 900,000,000 shares authorized: 430,625,000 and 438,180,000 shares issued and outstanding Additional paid in capital Accumulated other comprehensive los Rotained earnings Total Costco stockholders' equity Noncontrolling interests Total equity 11.679 3.178 1,180 1,711 1,609 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 6,417 (1,436) 10.258 15.243 341 15,584 6,107 (1.199) 7.887 12,799 304 13,103 45,400 40,830 TOTAL LIABILITIES AND EQUITY Step by Step Solution
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