Foods and Sundries

Non-Foods

Fresh Foods

Warehouse Ancillary and Other Businesses

Hardlines

Softlines

Membership Fees

Total Net Sales

United States Operations

Canadian Operations

Other International Operations

Total Revenue

10e70175adaacc1d5ba204164c6732168848a876f195037132dda536876ba4f0

United States

Canada

Other International

0b9ffbeb25d27559c5208d6c596845ca09334756e601367fc3e51acdc057775f

Adjustments for Non-Cash Items [USD, Millions]

Stock-Based Compensation [USD, Millions]

Changes in Working Capital [USD, Millions]

Capital Expenditures (CapEx) [USD, Millions]

Proceeds from Debt [USD, Millions]

Repayments of Debt [USD, Millions]

Share Repurchases [USD, Millions]

Dividend Payments [USD, Millions]

Net Change in Cash [USD, Millions]

9d16d8a92fd6f356b1986416044923a995522465cf628edc9b1dcd9a996d585c

Total Revenue [USD, Millions]

Cost of Goods Sold (COGS) [USD, Millions]

SG&A [USD, Millions]

R&D [USD, Millions]

D&A [USD, Millions]

Interest Expense [USD, Millions]

Operating Income (EBIT) [USD, Millions]

Net Income [USD, Millions]

EPS - Basic [USD, Per Share]

EPS - Diluted [USD, Per Share]

87f869406003ce4b97047aed99ff009066a061fcb65acb0a4cafca5e6258dcbf

23955b24de378f88c1f7d3256a5b5e1c85096b7f9a6876e04bc91cace6c62a28

Total paid members (thousands)

Total cardholders (thousands)

Membership renewal rate in U.S. and Canada (percentage)

Membership renewal rate worldwide (percentage)

Net new warehouses opened (count)

da997e2923e282e2cd7f43e78b97ba8b2e49f199ceb87de87c0b6bb6645c64a8

84baadfbff3304b985b6322363caf1171e269426206a2c7d6c3eb6d8fcd864f6

Net sales [USD, millions]

Membership fees [USD, millions]

Total revenue [USD, millions]

Merchandise costs [USD, millions]

Selling, general and administrative [USD, millions]

Operating income [USD, millions]

Interest expense [USD, millions]

Interest income and other, net [USD, millions]

Income before income taxes [USD, millions]

Provision for income taxes [USD, millions]

NET INCOME [USD, millions]

NET INCOME PER COMMON SHARE: Basic [USD]

NET INCOME PER COMMON SHARE: Diluted [USD]

Shares used in calculation: Basic [000s]

Shares used in calculation: Diluted [000s]

224d7bc98ea538277efc29676c82fd5ef151cd10b8dd572b8eaabd02ec71ae50

Cash and cash equivalents (USD, millions)

Short-term investments (USD, millions)

Receivables, net (USD, millions)

Merchandise inventories (USD, millions)

Other current assets (USD, millions)

Total current assets (USD, millions)

Property and equipment, net (USD, millions)

Operating lease right-of-use assets (USD, millions)

Other long-term assets (USD, millions)

Total assets (USD, millions)

Accounts payable (USD, millions)

Accrued salaries and benefits (USD, millions)

Accrued member rewards (USD, millions)

Deferred membership fees (USD, millions)

Other current liabilities (USD, millions)

Total current liabilities (USD, millions)

Long-term debt, excluding current portion (USD, millions)

Long-term operating lease liabilities (USD, millions)

Other long-term liabilities (USD, millions)

Total liabilities (USD, millions)

Preferred stock (USD, millions)

Common stock (USD, millions)

Additional paid-in capital (USD, millions)

Accumulated other comprehensive loss (USD, millions)

Retained earnings (USD, millions)

Total equity (USD, millions)

Total liabilities and equity (USD, millions)

86a885c841e4c69a2c23dd75b8d6c8d64e536d450bc0db07b4553042bd8c0e37

The drop in cash and cash equivalents in Q2 2024 was primarily due to significant cash outflows in financing and investing activities. **Costco used $8,250 million in financing activities**, which included a **special dividend payment of approximately $6,655 million** along with other dividend payments and stock repurchases, and it also spent **$1,752 million on capital expenditures** under investing activities. Although it generated **$5,382 million from operating activities**, this was not enough to offset the large outflows, leading to an abrupt decline in cash and cash equivalents.  **[0000909832-24-000017_cost-20240218.htm:2]** **[0000909832-24-000012_costex9918-k21824.htm:2]** 

Why did Cash and cash equivalents drop so abruptly in Q2 2024?

The decline in Total assets in Q2 2024 was largely driven by a significant **reduction in cash and cash equivalents** from **$13,700 million** to **$9,095 million**, primarily due to **cash dividend payments**—including a special dividend of **$15.00 per share** (amounting to about **$6,655 million**)—and repurchases of common stock along with other financing activities. Additionally, there was a decrease in **short-term investments** by **$308 million**. Although these were partially offset by increases in receivables, merchandise inventories, other current assets, and property and equipment, the net effect resulted in an overall decline of **$2,671 million** in Total assets.  **[0000909832-24-000017_cost-20240218.htm:19]** **[COST_3376932_0]** **[0000909832-24-000017_cost-20240218.htm:2]** **[0000909832-24-000012_costex9918-k21824.htm:2]** **[0000909832-24-000029_cost-20240512.htm:4]** **[0000909832-24-000017_cost-20240218.htm:4]** 

What caused the decline in Total assets in Q2 2024?

The **current portion of long-term debt** dropped significantly in Q4 2024 because **Costco repaid $1,000 million of its 2.750% Senior Notes due May 2024** on May 18, 2024 using cash, cash equivalents, and short-term investments. This repayment reduced the current liability from **$1,081 million as of September 3, 2023** to **$103 million as of September 1, 2024**.  **[0000909832-24-000049_cost-20240901.htm:45]** **[0000909832-24-000043_costex9918-k92624.htm:2]** **[0000909832-24-000049_cost-20240901.htm:60]** **[0000909832-24-000029_cost-20240512.htm:8]** 

Why did the current portion of long-term debt drop so significantly in Q4 2024?

Costco’s Total Liabilities increased in Q1 2025 primarily due to three factors. **Accounts Payable** rose significantly from **$19,421 million** to **$21,793 million**, adding **$2,372 million**—indicating higher obligations likely linked to increased inventory purchases or timing differences in payments. Additionally, **Deferred Membership Fees** increased by **$182 million** (from **$2,501 million** to **$2,683 million**), reflecting growth in membership sign-ups and renewals. Lastly, **Other Current Liabilities** rose by **$271 million** (from **$6,313 million** to **$6,584 million**), which includes accrued expenses or other short-term obligations.  **[0000909832-24-000075_costex9918-k121224.htm:2]** **[0000909832-24-000079_cost-20241124.htm:1]** 

What led to the increase in Total liabilities in Q1 2025?

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Costco Wholesale Corp (COST)

Financials