Costco Wholesale Corporation Financial Statements — COST

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	77,946	88,915	99,137	105,156	112,640	116,199	118,719	129,025	141,576	152,703	166,761	195,929	226,954	242,290	254,453
- Cost of Revenue	67,995	77,739	86,823	91,948	98,458	101,065	102,901	111,882	123,152	132,886	144,939	170,684	199,382	212,586	222,358
+ Cost of Goods & Services	67,995	77,739	86,823	91,948	98,458	101,065	102,901	111,882	123,152	132,886	144,939	170,684	199,382	212,586	222,358
+ Sales & Services Revenue	77,946	88,915	99,137	105,156	112,640	116,199	118,719	129,025	141,576	152,703	166,761	195,929	226,954	242,290	254,453
Gross Profit	9,951	11,176	12,314	13,208	14,182	15,134	15,818	17,143	18,424	19,817	21,822	25,245	27,572	29,704	32,095
- Operating Expenses	7,874	8,737	9,555	10,155	10,962	11,510	12,146	13,032	13,944	15,080	16,387	18,537	19,779	21,590	22,810
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	26	46	37	51	63	65	78	82	68	86	- -	- -	- -	- -	- -
+ Selling, General & Admin	7,848	8,691	9,518	10,104	10,899	11,445	12,068	12,950	13,876	14,994	16,387	18,537	19,779	21,590	22,810
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	2,077	2,439	2,759	3,053	3,220	3,624	3,672	4,111	4,480	4,737	5,435	6,708	7,793	8,114	9,285
- Non-Operating (Income) Loss	23	56	-8	2	23	20	53	72	38	-28	68	28	-47	-373	-455
+ Interest Expense, Net	88	75	46	55	61	74	92	84	84	24	75	130	97	-310	-364
+ Interest Expense	111	116	95	99	113	124	133	134	159	150	164	171	158	160	169
- Interest Income	23	41	49	44	52	50	41	50	75	126	89	41	61	470	533
+ Other Non-Op (Income) Loss	-65	-19	-54	-53	-38	-54	-39	-12	-46	-52	-7	-102	-144	-63	-91
Pretax Income	2,054	2,383	2,767	3,051	3,197	3,604	3,619	4,039	4,442	4,765	5,367	6,680	7,840	8,487	9,740
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Income Tax Expense (Benefit)	731	841	1,000	990	1,109	1,195	1,243	1,325	1,263	1,061	1,308	1,601	1,925	2,195	2,373
Income (Loss) from Cont Ops	1,323	1,542	1,767	2,061	2,088	2,409	2,376	2,714	3,179	3,704	4,059	5,079	5,915	6,292	7,367
- Net Extraordinary Losses (Gains)	40	160	116	44	60	64	52	70	90	90	114	144	142	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	40	160	116	44	60	64	52	70	90	90	114	144	142	- -	- -
Income (Loss) Incl. MI	1,283	1,382	1,651	2,017	2,028	2,345	2,324	2,644	3,089	3,614	3,945	4,935	5,773	6,292	7,367
- Minority Interest	-20	-80	-58	-22	-30	-32	-26	-35	-45	-45	-57	-72	-71	- -	- -
Net Income, GAAP	1,303	1,462	1,709	2,039	2,058	2,377	2,350	2,679	3,134	3,659	4,002	5,007	5,844	6,292	7,367
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1,303	1,462	1,709	2,039	2,058	2,377	2,350	2,679	3,134	3,659	4,002	5,007	5,844	6,292	7,367
Basic Weighted Avg Shares	439	436	434	436	439	439	439	438	439	440	442	443	444	444	444
Basic EPS, GAAP	2.97	3.35	3.94	4.68	4.69	5.41	5.36	6.11	7.15	8.32	9.05	11.3	13.17	14.18	16.6
Basic EPS from Cont Ops	3.02	3.54	4.07	4.73	4.76	5.48	5.42	6.19	7.25	8.42	9.18	11.46	13.33	14.18	16.6
Diluted Weighted Avg Shares	446	443	439	441	442	443	441	441	442	443	444	444	445	444	445
Diluted EPS, GAAP	2.92	3.3	3.89	4.63	4.65	5.37	5.33	6.08	7.09	8.26	9.02	11.27	13.14	14.16	16.56
Diluted EPS from Cont Ops	2.97	3.48	4.02	4.68	4.72	5.44	5.38	6.16	7.2	8.36	9.14	11.43	13.3	14.16	16.56
EBITDA	2,872	3,294	3,667	3,999	4,249	4,751	4,927	5,481	5,917	6,229	7,080	8,489	9,693	10,191	11,522
EBITDA Margin (%)	3.68	3.7	3.7	3.8	3.77	4.09	4.15	4.25	4.18	4.08	4.25	4.33	4.27	4.21	4.53
EBITA	2,077	2,439	2,759	3,053	3,220	3,624	3,672	4,111	4,480	4,737	5,435	6,708	7,793	8,114	9,285
EBIT	2,077	2,439	2,759	3,053	3,220	3,624	3,672	4,111	4,480	4,737	5,435	6,708	7,793	8,114	9,285
Gross Margin (%)	12.77	12.57	12.42	12.56	12.59	13.02	13.32	13.29	13.01	12.98	13.09	12.88	12.15	12.26	12.61
Operating Margin (%)	2.66	2.74	2.78	2.9	2.86	3.12	3.09	3.19	3.16	3.1	3.26	3.42	3.43	3.35	3.65
Profit Margin (%)	1.67	1.64	1.72	1.94	1.83	2.05	1.98	2.08	2.21	2.4	2.4	2.56	2.57	2.6	2.9
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.77	0.89	1.03	8.17	1.33	6.52	1.7	8.9	1.57	2.36	3.34	12.97	3.38	2.82	20.37
Depreciation Expense	795	855	908	946	1,029	1,127	1,255	1,370	1,437	1,492	1,645	1,781	1,900	2,077	2,237

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	11,708	13,706	13,526	15,840	17,588	16,779	15,218	17,317	20,289	23,485	28,120	29,505	32,696	35,879	34,246
+ Accounts & Notes Receiv	884	965	1,026	1,201	1,148	1,224	1,252	1,432	1,669	1,535	1,550	1,803	2,241	2,285	2,721
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	1,252	1,432	1,669	1,535	1,550	1,803	2,241	2,285	2,721
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	884	965	1,026	1,201	1,148	1,224	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	4,749	5,613	4,854	6,124	7,315	6,419	4,729	5,779	7,259	9,444	13,305	12,175	11,049	15,234	11,144
+ Cash & Cash Equivalents	3,214	4,009	3,528	4,644	5,738	4,801	3,379	4,546	6,055	8,384	12,277	11,258	10,203	13,700	9,906
+ ST Investments	1,535	1,604	1,326	1,480	1,577	1,618	1,350	1,233	1,204	1,060	1,028	917	846	1,534	1,238
+ Inventories	5,638	6,638	7,096	7,894	8,456	8,908	8,969	9,834	11,040	11,395	12,242	14,215	17,907	16,651	18,647
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	5,638	6,638	7,096	7,894	8,456	8,908	8,969	9,834	11,040	11,395	12,242	14,215	17,907	16,651	18,647
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	437	490	550	621	669	228	268	272	321	1,111	1,023	1,312	1,499	1,709	1,734
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	12,107	13,055	13,614	14,443	15,436	16,238	17,945	19,030	20,541	21,915	27,436	29,763	31,470	33,115	35,585
+ LT Investments & Receivables	357	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	357	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	11,314	12,432	12,961	13,881	14,830	15,401	17,043	18,161	19,681	20,890	24,595	26,382	27,420	29,397	31,649
- Accumulated Depreciation	5,046	5,936	6,585	7,141	7,845	8,263	9,124	10,180	11,033	11,736	12,896	14,166	15,286	16,685	17,918
+ Property, Plant & Equip	16,360	18,368	19,546	21,022	22,675	23,664	26,167	28,341	30,714	32,626	37,491	40,548	42,706	46,082	49,567
+ Other LT Assets	436	623	653	562	606	837	902	869	860	1,025	2,841	3,381	4,050	3,718	3,936
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	71	74	66	63	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	71	74	66	63	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	365	549	587	499	606	837	902	869	860	1,025	2,841	3,381	4,050	3,718	3,936
Total Assets	23,815	26,761	27,140	30,283	33,024	33,017	33,163	36,347	40,830	45,400	55,556	59,268	64,166	68,994	69,831
+ Payables & Accruals	7,970	9,412	10,281	11,078	12,073	12,782	11,110	13,272	15,288	16,035	19,170	22,039	24,140	23,911	26,650
+ Other Payables & Accruals	1,622	2,411	2,493	2,747	3,004	3,281	2,966	3,664	4,051	4,356	4,998	5,761	6,292	6,428	7,229
+ Accounts Payable	5,947	6,544	7,303	7,872	8,491	9,011	7,612	9,608	11,237	11,679	14,172	16,278	17,848	17,483	19,421
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	401	457	485	459	578	490	532	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	26	900	1	- -	- -	1,283	1,100	86	90	1,699	95	799	73	1,081	103
+ ST Borrowings	26	900	1	- -	- -	1,283	1,100	86	90	1,699	95	799	73	1,081	103
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	2,067	1,738	1,978	2,179	2,339	2,474	3,365	4,137	4,548	5,503	5,579	6,603	7,785	8,591	8,711
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1,969	1,597	1,819	1,975	2,089	2,175	3,000	4,137	4,548	5,503	5,579	6,603	7,785	8,591	8,711
+ Deferred Revenue	98	141	159	204	250	299	365	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	10,063	12,050	12,260	13,257	14,412	16,539	15,575	17,495	19,926	23,237	24,844	29,441	31,998	33,583	35,464
+ LT Debt	2,141	1,253	1,381	4,998	5,093	4,852	4,061	6,573	6,487	5,124	10,072	9,334	8,966	7,803	8,169
+ LT Borrowings	2,141	1,253	1,381	4,998	5,093	4,852	4,061	6,573	6,487	5,124	7,514	6,692	6,484	5,377	5,794
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,558	2,642	2,482	2,426	2,375
+ Other LT Liabilities	681	885	981	1,016	1,004	783	1,195	1,200	1,314	1,455	1,935	2,415	2,555	2,550	2,576
+ Accrued Liabilities	681	885	981	1,016	1,004	1,193	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	-410	1,195	1,200	1,314	1,455	1,935	2,415	2,555	2,550	2,576
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	2,822	2,138	2,362	6,014	6,097	5,635	5,256	7,773	7,801	6,579	12,007	11,749	11,521	10,353	10,745
Total Liabilities	12,885	14,188	14,622	19,271	20,509	22,174	20,831	25,268	27,727	29,816	36,851	41,190	43,519	43,936	46,209
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	4,117	4,518	4,371	4,672	4,921	5,220	5,492	5,804	6,111	6,421	6,702	7,035	6,886	7,342	7,831
+ Additional Paid in Capital	4,115	4,516	4,369	4,670	4,919	5,218	5,490	5,800	6,107	6,417	6,698	7,031	6,884	7,340	7,829
+ Common Stock	2	2	2	2	2	2	2	4	4	4	4	4	2	2	2
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	6,590	7,111	7,834	6,283	7,458	6,518	7,686	5,988	7,887	10,258	12,879	11,666	15,585	19,521	17,619
+ Other Equity	122	373	156	-122	-76	-1,121	-1,099	-1,014	-1,199	-1,436	-1,297	-1,137	-1,829	-1,805	-1,828
Equity Before Minority Interest	10,829	12,002	12,361	10,833	12,303	10,617	12,079	10,778	12,799	15,243	18,284	17,564	20,642	25,058	23,622
+ Minority/Non Controlling Interest	101	571	157	179	212	226	253	301	304	341	421	514	5	- -	- -
Total Equity	10,930	12,573	12,518	11,012	12,515	10,843	12,332	11,079	13,103	15,584	18,705	18,078	20,647	25,058	23,622
Total Liabilities & Equity	23,815	26,761	27,140	30,283	33,024	33,017	33,163	36,347	40,830	45,400	55,556	59,268	64,166	68,994	69,831
Shares Outstanding	434	434	432	437	438	438	438	437	438	440	441	442	443	443	443
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2,558	2,642	2,482	2,426	2,375
Net Debt	-1,047	-1,856	-2,146	354	-645	1,334	1,782	2,113	522	-1,561	-4,668	-3,767	-3,646	-7,242	-4,009
Net Debt to Equity	-9.58	-14.76	-17.14	3.21	-5.15	12.3	14.45	19.07	3.98	-10.02	-24.96	-20.84	-17.66	-28.9	-16.97
Tangible Common Equity Ratio	45.73	46.84	45.99	36.23	37.9	32.84	37.19	30.48	32.09	34.33	33.67	30.5	32.18	36.32	33.83
Current Ratio	1.16	1.14	1.1	1.19	1.22	1.01	0.98	0.99	1.02	1.01	1.13	1	1.02	1.07	0.97
Cash Conversion Cycle	-0.85	-0.13	-0.08	-0.11	0.15	-0.11	4.17	6.59	4.34	3.25	0.78	-0.77	1.99	2.57	2.54
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	1,323	1,542	1,767	2,061	2,088	2,409	2,376	2,714	3,179	3,704	4,059	5,079	5,915	6,292	7,367
+ Depreciation & Amortization	795	855	908	946	1,029	1,127	1,255	1,370	1,437	1,492	1,645	1,781	1,900	2,077	2,237
+ Non-Cash Items	147	269	202	224	202	202	671	471	489	751	959	1,095	1,140	1,681	1,124
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	144	39	495	-9
+ Deferred Income Taxes	7	84	-3	7	-63	-101	269	-29	-49	147	104	59	-37	- -	- -
+ Other Non-Cash Adj	-50	-22	-36	-68	-62	-91	-57	-14	-6	9	236	227	414	412	315
+ Stock-Based Compensation	190	207	241	285	327	394	459	514	544	595	619	665	724	774	818
+ Chg in Non-Cash Work Cap	515	532	180	206	665	547	-1,010	2,171	669	409	2,198	1,003	-1,563	1,018	611
+ (Inc) Dec in Accts Receiv	283	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	445	804	338	718	529	880	-1,532	2,258	1,561	322	2,261	1,838	1,891	-382	1,938
+ (Inc) Dec in Inventories	-213	-642	-490	-898	-563	-890	-25	-894	-1,313	-536	-791	-1,892	-4,003	1,228	-2,068
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	- -	370	332	386	699	557	547	807	421	623	728	1,057	549	172	741
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	2,780	3,198	3,057	3,437	3,984	4,285	3,292	6,726	5,774	6,356	8,861	8,958	7,392	11,068	11,339
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1,055	-1,290	-1,480	-2,083	-1,993	-2,393	-2,649	-2,502	-2,969	-2,998	-2,810	-3,588	-3,891	-4,323	-4,710
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	-1,055	-1,290	-1,480	-2,083	-1,993	-2,393	-2,649	-2,502	-2,969	-2,998	-2,810	-3,588	-3,891	-4,323	-4,710
+ Disp in Fixed & Intang	4	16	11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	4	16	11	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-956	-60	255	-187	-97	-67	277	106	18	137	52	115	24	-685	320
+ Dec in LT Investment	1,737	3,216	2,303	2,385	2,406	1,434	1,709	1,385	1,078	1,231	1,678	1,446	1,145	937	1,790
+ Inc in LT Investment	-2,693	-3,276	-2,048	-2,572	-2,503	-1,501	-1,432	-1,279	-1,060	-1,094	-1,626	-1,331	-1,121	-1,622	-1,470
+ Net Cash From Acq & Div	- -	330	- -	- -	- -	- -	- -	- -	- -	- -	-1,163	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	165	- -	- -	- -	- -	- -	- -	- -	- -	-1,163	- -	- -	- -	- -
+ Cash from Divestitures	- -	165	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-8	-176	-22	19	-3	-20	27	30	4	-4	30	-62	-48	36	-19
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-2,015	-1,180	-1,236	-2,251	-2,093	-2,480	-2,345	-2,366	-2,947	-2,865	-3,891	-3,535	-3,915	-4,972	-4,409
+ Dividends Paid	-338	-389	-446	-3,560	-584	-2,865	-746	-3,904	-689	-1,038	-1,479	-5,748	-1,498	-1,251	-9,041
+ Net Cash From Debt	-71	-540	-313	3,686	178	1,079	-1,022	1,110	74	419	792	68	-933	-384	-708
+ Cash From Debt	86	79	701	4,043	281	1,176	372	3,782	160	508	3,992	229	53	917	1,426
+ Repayments of Debt	-157	-619	-1,014	-357	-103	-97	-1,394	-2,672	-86	-89	-3,200	-161	-986	-1,301	-2,134
+ Cash (Repurchase) of Equity	-551	-624	-632	-36	-334	-481	-486	-469	-328	-247	-196	-496	-439	-676	-700
+ Decrease in Capital Stock	-551	-624	-632	-36	-334	-481	-486	-469	-328	-247	-196	-496	-439	-676	-700
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	241	276	-890	-46	-46	-57	-165	45	-338	-281	-264	-312	-1,413	-303	-315
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-719	-1,277	-2,281	44	-786	-2,324	-2,419	-3,218	-1,281	-1,147	-1,147	-6,488	-4,283	-2,614	-10,764
Effect of Foreign Exchange Rates	11	54	-21	-114	-11	-418	50	25	-37	-15	70	46	-249	15	40
Net Changes in Cash	46	741	-460	1,230	1,105	-519	-1,472	1,142	1,546	2,344	3,823	-1,065	-806	3,482	-3,834
Capital Expenditures	-1,055	-1,290	-1,480	-2,083	-1,993	-2,393	-2,649	-2,502	-2,969	-2,998	-2,810	-3,588	-3,891	-4,323	-4,710
EBITDA	2,872	3,294	3,667	3,999	4,249	4,751	4,927	5,481	5,917	6,229	7,080	8,489	9,693	10,191	11,522
EBITDA Margin (%)	3.68	3.7	3.7	3.8	3.77	4.09	4.15	4.25	4.18	4.08	4.25	4.33	4.27	4.21	4.53
Net Cash Paid for Acquisitions	- -	-330	- -	- -	- -	- -	- -	- -	- -	- -	1,163	- -	- -	- -	- -
Free Cash Flow	1,725	1,908	1,577	1,354	1,991	1,892	643	4,224	2,805	3,358	6,051	5,370	3,501	6,745	6,629
Free Cash Flow to Firm	1,796	1,983	1,638	1,421	2,065	1,975	730	4,314	2,919	3,475	6,175	5,500	3,620	6,864	6,757
Free Cash Flow to Equity	1,658	1,384	1,275	5,040	2,169	2,971	-379	5,334	2,879	3,777	6,843	5,438	2,568	6,361	5,921
Free Cash Flow per Basic Share	3.93	4.37	3.64	3.11	4.54	4.31	1.47	9.63	6.4	7.64	13.68	12.12	7.89	15.2	14.93
Price/Free Cash Flow	4.74	5.66	7	7.13	7.24	7.83	10.27	6.73	10.7	12.8	12.23	15.44	19.82	15.39	24.7
Cash Flow to Net Income	2.13	2.19	1.79	1.69	1.94	1.8	1.4	2.51	1.84	1.74	2.21	1.79	1.26	1.76	1.54

Costco Wholesale Corporation

Income Statement

Balance Sheet

Cash Flow Statement