Based on three years’ statements separately analyzed income statement and balance sheet in order to determine financial position of the company?Co
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Get it written →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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