Costco financial analysis of Income statement and Balance sheet

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Costcofinancilstatments.xlsx
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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