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

d199426b1294a0dbada3b84ffe18fd8743e42d8f09311c48a6aa7fef9e7d6f6d

United States

Canada

Other International

a149cf0b68f24d722c7ef98e029563482b539cd37e7cda525dcc9bd7e4da5717

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]

5bbd143540c2244bac5b551741690eb8338b3025bc8da59c92d3c0d52c20ce43

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]

dd60f3f34e0a4579ea8c5822a9822c94c4274f3b78d47904b4186caf5f326421

93ece1c983d66241d73be4d77739aca1d7c6a996b1739aeeaa5047b313700b14

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

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)

Current portion of long-term debt (USD, millions)

1a9b4c69ed7bc87eef8af9c6e4775c26e2c4a0845217a6bd0bd1a4cf67e31c2a

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?

a690770cb372f566ea9ac80099572aecc509210c2bde5f3630c106037c85d452

Costco Wholesale Corp (COST)

Financials