Costco 1999 Annual Report Download - page 35

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COSTCO WHOLESALE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(dollars in thousands, except per share data)
Note 8—Segment Reporting (Continued)
The Company and its subsidiaries are principally engaged in the operation of membership warehouses
in the United States, Canada, Japan and through majority-owned subsidiaries in the United Kingdom,
Taiwan and Korea and through a 50%-owned joint venture in Mexico. The Company’s reportable segments
are based on management responsibility.
Other
United States Canadian International
Operations Operations Operations Total
Year Ended August 29, 1999
Total revenue ........................ $22,404,026 $4,104,662 $947,343 $27,456,031
Operating income (loss) ................. 723,375 146,839 (10,087) 860,127
Depreciation and amortization ............ 177,661 32,559 14,591 224,811
Capital expenditures ................... 655,924 79,583 52,428 787,935
Total assets .......................... 5,984,537 992,943 527,521 7,505,001
Year Ended August 30, 1998
Total revenue ........................ $19,620,552 $4,030,766 $618,559 $24,269,877
Operating income (loss) ................. 648,429 142,807 (3,960) 787,276
Depreciation and amortization ............ 154,680 32,113 9,522 196,315
Capital expenditures ................... 448,173 55,373 68,358 571,904
Total assets .......................... 4,984,571 847,430 427,879 6,259,820
Year Ended August 31, 1997
Total revenue ........................ $17,544,247 $3,907,185 $422,972 $21,874,404
Operating income (loss) ................. 458,600 124,761 (2,649) 580,712
Depreciation and amortization ............ 144,506 30,874 6,379 181,759
Capital expenditures ................... 454,267 34,803 64,304 553,374
Total assets .......................... 4,224,668 851,103 400,543 5,476,314
33
Note 9—Subsequent Event
On December 9, 1999 the Company announced that it’s Board of Directors approved for a 2-for-1
split of its common stock. Shareholders will receive one additional share of common stock for every share
held on the record date of December 24, 1999. Additional shares will be mailed or delivered on or about
January 13, 2000, by the Company’s transfer agent, ChaseMellon Shareholder Services. The common stock
will begin trading at a post-split price on January 14, 2000.