Costco 2001 Annual Report Download - page 31

Download and view the complete annual report

Please find page 31 of the 2001 Costco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

COSTCO WHOLESALE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(dollars in thousands, except per share data)
Note 2—Debt (Continued)
Short-Term Borrowings
The weighted average borrowings, highest borrowings and interest rate under all short-term borrow-
ing arrangements were as follows for fiscal 2001 and 2000:
Maximum Amount Average Amount Weighted Average
Outstanding Outstanding Interest Rate
Category of Aggregate During the During the During the
Short-term Borrowings Fiscal Year Fiscal Year Fiscal Year
Fiscal year ended September 2, 2001
Bank borrowings:
U.S. ...................... $ — $ — —%
Canadian ................... 7,308 439 6.97
Other International ........... 16,000 10,680 1.38
Commercial Paper:
U.S. ...................... 239,000 42,741 4.15
Canadian ................... — — —
Fiscal year ended September 3, 2000
Bank borrowings:
U.S. ...................... $ — $ — —%
Canadian ................... 5,080 206 6.93
Other International ........... 9,500 731 1.38
Commercial Paper:
U.S. ...................... — — —
Canadian ................... 69,265 846 5.10
Long-term Debt
Long-term debt at September 2, 2001 and September 3, 2000:
2001 2000
7.125% Senior Notes due June 2005 .................... $300,000 $300,000
2.070% Promissory notes due October 2007 .............. 29,400 —
1.187% Promissory notes due July 2008 ................. 25,200 —
3.500% Zero Coupon convertible subordinated notes due
August 2017 ................................... 489,659 473,005
Unsecured note payable to banks due April 2001 .......... — 140,000
Notes payable secured by trust deeds on real estate ........ 8,981 11,221
Capital lease obligations and other ..................... 22,830 14,576
876,070 938,802
Less current portion (included in other current liabilities) .... 16,677 148,749
Total long-term debt ............................... $859,393 $790,053
29