Costco 2003 Annual Report Download - page 3

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FINANCIAL HIGHLIGHTS
1
Warehouses in Operation
At Fiscal Year End
Number of Warehouses
400
375
1999 2000 2001 2003
350
325
313
345
397
(407 at 12/31/03)
292
300
0
2002
374
Net Sales
Fiscal Year
$ Millions
38,000
39,000
40,000
41,000
42,000
37,000
36,000
35,000
34,000
33,000
32,000
31,000
30,000
29,000
28,000
27,000
0
1999 2000 2001 2002
26,976
34,137
37,993
31,621
2002 2003
41,693 Net Income
Fiscal Year
$ Millions
1999 2000 2001 2003
650
700
750
0
500
550
600
400
450
*
**
Income from continuing operations
Income from continuing operations excluding asset
impairment/closing costs and/or accounting change
602*
631*
721*
2002
700*
545**
Closing/
Impairment
Accounting
Change
515**
397*
Comparable Sales Growth
Fiscal Year
Percent Increase
1999 2000 2001 2003
10%
4%
5%
11%
0%
2%
4%
6%
8%
10%
12%
2002
6%
Average Sales Per Warehouse *
(Sales In Millions)
Fiscal Year
*First year sales annualized.
2000
111
92
80
72
99
77
$57
$101
1999
102
82
68
58
85
$65
$94
1998
94
76
61
$50
70
$87
1997
88
69
53
$56
$83
1996
81
58
$46
$77
1995
77
$51
$75
1994
$76
$76
397Totals
2121994 & Before
191995
181996
101997
171998
151999
212000
322001
292002
242003
Whses*Opened # ofYear
2001
115
93
83
77
106
86
65
$57
$101
2002
120
97
87
82
113
97
77
63
$103
$58
2003
124
103
94
86
115
105
85
72
$105
62
$67
Selling, General and
Administrative Expenses
Fiscal Year
Percent of Net Sales
1999 2000 2001 2002
0
8.5%
10.0%
9.5%
9.0%
9.41%
8.71%
9.17%
8.67%
2003
9.83%
8.0%
Fiscal Year
1999 2000 2001 2003
4.170
4.636
4.358
3.887
3.8
4.0
4.2
4.4
4.6
4.8
0
2002
4.476
Business Members
Fiscal Year
Millions
Millions
1999 2000 2001 2003
10.521
12.737
14.984
9.555
0
10
12
16
15
9
11
14
13
2002
14.597
Gold Star Members
Membership