Balance sheets and income statements for Costco Wholesale Corporation follow.
Costco Wholesale Corporation | |||
---|---|---|---|
Consolidated Statements of Earnings | |||
For Fiscal Years Ended ($ millions) | August 28, 2016 | August 30, 2015 | August 31, 2014 |
Revenue | |||
Net Sales | $116,073 | $113,666 | $110,212 |
Membership fees | 2,646 | 2,533 | 2,428 |
Total revenue | 118,719 | 116,199 | 112,640 |
Operating expenses | |||
Merchandise costs | 102,901 | 101,065 | 98,458 |
Selling, general and administrative | 12,068 | 11,445 | 10,899 |
Preopening expenses | 78 | 65 | 63 |
Operating Income | 3,672 | 3,624 | 3,220 |
Other income (expense) | |||
Interest expense | (133) | (124) | (113) |
Interest income and other, net | 80 | 104 | 90 |
Income before income taxes | 3,619 | 3,604 | 3,197 |
Provision for income taxes | 1,243 | 1,195 | 1,109 |
Net income including noncontrolling interests | 2,376 | 2,409 | 2,088 |
Net income attributable to noncontrolling interests | (26) | (32) | (30) |
Net income attributable to Costco | $2,350 | $2,377 | $2,058 |
Costco Wholesale Corporation | |||
---|---|---|---|
Consolidated Balance Sheets | |||
($ millions, except par value and share data) | August 28, 2016 | August 30, 2015 | |
Assets | |||
Current assets | |||
Cash and cash equivalents | $3,379 | $4,801 | |
Short-term investments | 1,350 | 1,618 | |
Receivables, net | 1,252 | 1,224 | |
Merchandise inventories | 8,969 | 8,908 | |
Deferred income taxes and other current assets | 268 | 228 | |
Total current assets | 15,218 | 16,779 | |
Property and equipment | |||
Land | 5,395 | 4,961 | |
Buildings and improvements | 13,994 | 12,618 | |
Equipment and fixtures | 6,077 | 5,274 | |
Construction in progress | 701 | 811 | |
Gross property and equipment | 26,167 | 23,664 | |
Less accumulated depreciation and amortization | (9,124) | (8,263) | |
Net property and equipment | 17,043 | 15,401 | |
Other assets | 902 | 837 | |
Total assets | $33,163 | $33,017 | |
Liabilities and equity | |||
Current liabilities | |||
Accounts payable | $7,612 | $9,011 | |
Current portion long-term debt | $1,100 | $1,283 | |
Accrued salaries and benefits | 2,629 | 2,468 | |
Accrued member rewards | 869 | 813 | |
Deferred membership fees | 1,362 | 1,269 | |
Other current liabilities | 2,003 | 1,695 | |
Total current liabilities | 15,575 | 16,539 | |
Long-term debt, excluding current portion | 4,061 | 4,852 | |
Other liabilities | 1,195 | 783 | |
Total liabilities | 20,831 | 22,174 | |
Equity | |||
Preferred stock, $0.005 par value: | |||
100,000,000 shares authorized; no shares issued and outstanding | 0 | 0 | |
Common stock, $0.005 par value: | |||
900,000,000 shares authorized; | |||
437,524,000 and 437,952,000 shares issued and outstanding | 2 | 2 | |
Additional paid-in-capital | 5,490 | 5,218 | |
Accumulated other comprehensive loss | (1,099) | (1,121) | |
Retained earnings | 7,686 | 6,518 | |
Total Costco stockholders’ equity | 12,079 | 10,617 | |
Noncontrolling interests | 253 | 226 | |
Total equity | 12,332 | 10,843 | |
Total liabilities and equity | $33,163 | $33,017 |
Compute net nonoperating obligations (NNO) for 2016 and 2015.
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Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) August 28, 2016 August 30, 2015 August 31, 2014 Revenue Net Sales $116,073 $113,666 $110,212 Membership fees 2,646 2,533 2,428 Total revenue 118,719 116,199 112,640 Operating expenses Merchandise costs 102,901 101,065 98,458 Selling, general and administrative 12,068 11,445 10,899 Preopening expenses 63 Operating Income 3,672 3,624 3,220 Other income (expense) Interest expense...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) August 28, 2016 August 30, 2015 August 31, 2014 Revenue Net Sales $116,073 $113,666 $110,212 Membership fees 2,646 2,533 2,428 Total revenue 118,719 116,199 112,640 Operating expenses Merchandise costs 102,901 101,065 98,458 Selling, general and administrative 12,068 11,445 10,899 Preopening expenses 63 Operating Income 3,672 3,624 3,220 Other income (expense) Interest expense...
P3-50. Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow Aug. 30. 2015 Aug. 31, 2014 $113.666 2.533 116.199 $110.212 2.428 112.540 COSTCO WHOLESALE CORPORATION Consolidated Statements of income Aug. 20 For Fiscal Years Ended (5 millions) 2016 Revenue Net sales. $116.073 Membership fees. Total revenue. 118,719 Operating expenses Merchandise costs... 102 901 Selling, general and administrative...... 12.058 Preopening expenses............ Operating income.. 3.672 Other Income (expense) Interest expense..... . (1339 Interest Income and other...
this is a clearer picture .. thanks Direct Computation of Nonoperating Return Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) August 28, 2016 August 30, 2015 August 31, 2014 Revenue Net Sales $116,073 $113,666 $110,212 Membership fees 2,646 2,533 2,428 Total revenue 118,719 116,199 112,640 Operating expenses Merchandise costs 102,901 101,065 98,458 Selling, general and administrative 12,068 11,445 10,899 Preopening expenses 65 63 Operating Income...
Find ratio analysis for liquidity and efficiency COSTCO WHOLESALE CORPORATION CONSOLIDATED BALANCE SHEETS (amounts in millions, except par value and share data) September 3, 2017 August 28, 2016 $ 4,546 1,233 1,432 9,834 1,350 1,252 8,969 ASSETS 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... 272 268 17,317 15.218 5,690 15,127 6,681...
Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended (5 millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 Selling general and administrative 13,876 Preopening expenses 68 Operating Income 4,480 Other Income (expense) Interest expense 159 Interest income and other, net (121) Income before income taxes Provision for income taxes 1,263 Net income including noncontrolling interests 3,179 Net income attributable...
ing assct lumover (NUAT)of 2016, CUI H Nin d. Compute net nonoperating obligations (NNO) for 2016 and 2015. Confirm the relation: NOA = NNO + Total equity c. Compute return on equity (ROE) for 2016, Iofer the nonoperating return component of ROE for 2016, Comment on the difference between ROE and RNOA. What does this relation suggest about Casiente use of equity capital? P3-50. Analysis and Interpretation of Profitability Balance sheets and income statements for Costco Wholesale Corporation follow Aug....
Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Costco Wholesale Corporation Consolidated Statements of Earnings Consolidated Balance Sheets For Fiscal Years Ended (5 millions) September 2, 2018 (5 millions, except par value and share data) September 2, 2018 September 3, 2017 Total revenue $141,576 Current assets Operating expenses Cash and cash equivalents $6,055 $4,546 Merchandise costs 123,152 Short-term investments 1,204 1,233 Selling general and administrative 13,876 Receivables, net...
Analysis and Interpretation of Liquidity and Solvency Balance sheets and income statements for Costco Wholesale Corporation follow. Costco Wholesale Corporation Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) September 2, 2018 Total revenue $141,576 Operating expenses Merchandise costs 123,152 Selling, general and administrative 13,876 Preopening expenses Operating Income 4,480 Other income (expense) Interest expense Interest income and other, net (121) Income before income taxes 4,442 Provision for income taxes 1,263 Net income including noncontrolling interests 3,179 Net income...
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