Based on three years’ statements separately analyzed income statement and balance sheet in order to determine financial position of the company?Co
Based on three years' statements separately analyzed income statement and balance sheet in order to determine financial position of the company
Sheet1
| Consolidated Statements Of Income – USD ($) shares in Thousands, $ in Millions | Costco Wholesale Corporation | Change % in 2021 | Change in amount 2021 | Change % in 2020 | Change in amount in 2020 | ||
| 2021 | 2020 | 2019 | |||||
| REVENUE | |||||||
| Net Sales | $ 192,052 | $ 163,220 | $ 149,351 | 18% | $28,832 | 9% | $13,869 |
| Membership fees | $ 3,877 | $ 3,541 | $ 3,352 | 9% | $336 | 6% | $189 |
| Total Revenue | $ 195,929 | $ 166,761 | $ 152,703 | 17% | $29,168 | 9% | $14,058 |
| OPERATING EXPENSES | |||||||
| Merchandise costs | 170,684 | 144,939 | 132,886 | 18% | $25,745 | 9% | $12,053 |
| Selling, general and administrative | 18,461 | 16,332 | 14,994 | 13% | $2,129 | 9% | $1,338 |
| Preopening expenses | 76 | 55 | 86 | 38% | $21 | -36% | -$31 |
| Operating Income | 6,708 | 5,435 | 4,737 | 23% | $1,273 | 15% | $698 |
| OTHER INCOME (EXPENSE) | |||||||
| Interest expense | (171) | (160) | (150) | 7% | -$11 | 7% | -$10 |
| Interest income and other, net | 143 | 92 | 178 | 55% | $51 | -48% | -$86 |
| INCOME BEFORE INCOME TAXES | 6,680 | 5,367 | 4,765 | 24% | $1,313 | 13% | $602 |
| Income Tax Expense | 1,601 | 1,308 | 1,061 | 22% | $293 | 23% | $247 |
| Net income including noncontrolling interests | 5,079 | 4,059 | 3,704 | 25% | $1,020 | 10% | $355 |
| Net income attributable to noncontrolling interests | (72) | (57) | (45) | 26% | -$15 | 27% | -$12 |
| NET INCOME ATTRIBUTABLE TO COSTCO | $ 5,007 | $ 4,002 | $ 3,659 | 25% | $1,005 | 9% | $343 |
| NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO: | |||||||
| Basic (in dollars per share) | $ 11.30 | $ 9.05 | $ 8.32 | 25% | $2 | 9% | $1 |
| Diluted (in dollars per share) | $ 11.27 | $ 9.02 | $ 8.26 | 25% | $2 | 9% | $1 |
| Weighted Average Number of Shares Outstanding, Diluted [Abstract] | |||||||
| Basic (shares) | 443,089 | 442,297 | 439,755 | 0% | $792 | 1% | $2,542 |
| Diluted (shares) | 444,346 | 443,901 | 442,923 | 0% | $445 | 0% | $978 |
| Consolidated Balance Sheets – USD ($) $ in Millions | 2021 | 2020 | 2019 | Change % in 2021 | Change in amount 2021 | Change % in 2020 | Change in amount in 2020 |
| CURRENT ASSETS | |||||||
| Cash and cash equivalents | $ 11,258 | $ 12,277 | $ 8,384 | -8% | -$1,019 | 46% | $3,893 |
| Short-term investments | 917 | 1,028 | $ 1,060 | -11% | -$111 | -3% | -$32 |
| Receivables, net | 1,803 | 1,550 | $ 1,535 | $253 | 1% | $15 | |
| Merchandise inventories | 14,215 | 12,242 | $ 11,395 | 16% | $1,973 | 7% | $847 |
| Other current assets | 1,312 | 1,023 | $ 1,111 | 28% | $289 | -8% | -$88 |
| Total current assets | 29,505 | 28,120 | 23,485 | 5% | $1,385 | 20% | $4,635 |
| OTHER ASSETS | |||||||
| Property and Equipment, net | 23,492 | 21,807 | 20,890 | 8% | $1,685 | 4% | $917 |
| Operating lease right-of-use assets | 2,890 | 2,788 | 4% | $102 | $2,788 | ||
| Other long-term assets | 3,381 | 2,841 | 1,025 | 19% | $540 | 177% | $1,816 |
| TOTAL ASSETS | 59,268 | 55,556 | 45,400 | 7% | $3,712 | 22% | $10,156 |
| CURRENT LIABILITIES | |||||||
| Accounts payable | 16,278 | 14,172 | 11,679 | 15% | $2,106 | 21% | $2,493 |
| Accrued salaries and benefits | 4,090 | 3,605 | 3,176 | 13% | $485 | 14% | $429 |
| Accrued member rewards | 1,671 | 1,393 | 1,180 | 20% | $278 | 18% | $213 |
| Deferred membership fees | 2,042 | 1,851 | 1,711 | 10% | $191 | 8% | $140 |
| Current portion of long-term debt | 799 | 95 | 1,699 | 741% | $704 | -94% | -$1,604 |
| Other current liabilities | 4,561 | 3,728 | 3,792 | 22% | $833 | -2% | -$64 |
| Total current liabilities | 29,441 | 24,844 | 23,237 | 19% | $4,597 | 7% | $1,607 |
| OTHER LIABILITIES | |||||||
| Long-term debt, excluding current portion | 6,692 | 7,514 | 5,124 | -11% | -$822 | 47% | $2,390 |
| Long-term operating lease liabilities | 2,642 | 2,558 | 3% | $84 | $2,558 | ||
| Other long-term liabilities | 2,415 | 1,935 | 1,455 | 25% | $480 | 33% | $480 |
| Total liabilities | 41,190 | 36,851 | 29,816 | 12% | $4,339 | 24% | $7,035 |
| EQUITY | |||||||
| Preferred stock | 0 | 0 | 0 | ||||
| Common Stock | 4 | 4 | 4 | 0% | $0 | 0% | $0 |
| Additional paid-in capital | 7,031 | 6,698 | 6,417 | 5% | $333 | 4% | $281 |
| Accumulated other comprehensive loss | (1,137) | (1,297) | (1,436) | -12% | $160 | -10% | $139 |
| Retained earnings | 11,666 | 12,879 | 10,258 | -9% | -$1,213 | 26% | $2,621 |
| Total Costco stockholders' equity | 17,564 | 18,284 | 15,243 | -4% | -$720 | 20% | $3,041 |
| Noncontrolling interests | 514 | 421 | 341 | 22% | $93 | 23% | $80 |
| Total equity | 18,078 | 18,705 | 15,584 | -3% | -$627 | 20% | $3,121 |
| TOTAL LIABILITIES AND EQUITY | $ 59,268 | $ 55,556 | $ 45,400 | 7% | $3,712 | 22% | $10,156 |
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