Costco 2000 Annual Report Download - page 3

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Warehouses in Operation
At Fiscal Year End
Number of Warehouses
350
325
1996 1997 1998 1999 2000
300
275
252
261
292
313
(330 at 12/31/00)
278
250
0
Net Sales
Fiscal Year
$ Millions
32,000
31,000
30,000
29,000
28,000
27,000
26,000
25,000
24,000
23,000
22,000
21,000
20,000
19,000
01996 1997 1998 1999 2000
19,214
21,484
26,976
31,621
23,830
Net Income
Fiscal Year
$ Millions
1996 1997 1998 1999 2000
200
300
400
500
600
700
0
*
** Income from continuing operations
Income from continuing operations excluding asset impairment/
warehouse closing costs and/or accounting change
460*
545**
Closing/
Impairment
Asset
Impairment
Accounting
Change
351**
312*
515**
397*
249*
631*
Comparable Sales Growth
Fiscal Year
Percent Increase
1996 1997 1998 1999 2000
5%
9%
10%
11%
8%
0%
4%
6%
8%
10%
12%
Average Sales Per Warehouse *
(Sales In Millions)
Fiscal Year
*First year sales annualized
1999
87
90
90
68
82
85
58
$65
111
$94
1998
80
84
83
61
76
70
$50
101
$87
1997
75
79
76
53
69
$56
95
$83
1996
69
74
68
$46
58
88
$77
1995
65
69
60
$51
85
$75
1994
61
62
$57
87
$76
1993
54
$59
88
$78
1992
$48
92
$84
1991
$86
$86
313Totals
1271991 & Before
261992
341993
271994
191995
181996
101997
171998
141999
212000
Whses*Opened # ofYear
2000
96
98
99
80
92
99
72
77
121
$101
$55
Selling, General and
Administrative Expenses
Fiscal Year
Percent of Net Sales
1996 1997 1998 1999 2000
8.80%
8.74%
8.67%
8.71%
8.69%
8.70%
8.65%
8.75%
8.85%
0
8.80%
8.60%
Fiscal Year
1996 1997 1998 1999 2000
3,435 3,537
3,887
4,170
3,676
3,400
3,600
3,800
4,000
4,200
4,400
0
Business Members
Fiscal Year
Thousands
1996 1997 1998 1999 2000
7,076
7,845
9,555
10,521
8,654
0
8,500
7,500
9,500
10,500
11,500
8,000
7,000
9,000
10,000
11,000
Gold Star Members
Membership
FINANCIAL HIGHLIGHTS
1