Costco 2007 Annual Report Download - page 25

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FIVE YEAR OPERATING AND FINANCIAL HIGHLIGHTS
The following selected financial and operating data are derived from our consolidated financial
statements and should be read in conjunction with “Management’s Discussion and Analysis of
Financial Condition and Results of Operations,” and our consolidated financial statements.
SELECTED FINANCIAL DATA
(dollars in thousands, except per share and warehouse data)
As of and for the fiscal year
ended(1)
Sept. 2, 2007
(52 weeks)
Sept. 3, 2006
(53 weeks)
Aug. 28, 2005
(52 weeks)
Aug. 29, 2004
(52 weeks)
Aug. 31, 2003
(52 weeks)
RESULTS OF
OPERATION
Net sales ............... $63,087,601 $58,963,180 $51,879,070 $47,148,627 $41,694,561
Merchandise costs ....... 56,449,702 52,745,497 46,346,961 42,092,016 37,235,383
Gross Margin ........ 6,637,899 6,217,683 5,532,109 5,056,611 4,459,178
Membership fees ........ 1,312,554 1,188,047 1,073,156 961,280 852,853
Operating income ........ 1,608,586 1,625,632 1,474,303 1,385,648 1,156,628
Net income ............. 1,082,772 1,103,215 1,063,092 882,393 721,000
Net income per diluted
share ................ 2.37 2.30 2.18 1.85 1.53
Dividends per share ...... $ 0.55 $ 0.49 $ 0.43 $ 0.20 $ —
Increase in comparable
warehouse sales(2)
United States ........ 5% 7% 6% 9% 4%
International ......... 9% 11% 11% 14% 10%
Total ............... 6% 8% 7% 10% 5%
BALANCE SHEET DATA
Net property and
equipment ........ $ 9,519,780 $ 8,564,295 $ 7,790,192 $ 7,219,829 $ 6,960,008
Total assets ......... 19,606,586 17,495,070 16,665,205 15,092,548 13,191,688
Short-term
borrowings ........ 53,832 41,385 54,356 21,595 47,421
Current portion of long-
term debt ......... 59,905 308,523 3,225 305,594 7,051
Long-term debt,
excluding current
portion ........... 2,107,978 215,369 710,675 993,746 1,289,649
Stockholders’ equity . . $ 8,623,341 $ 9,143,439 $ 8,881,109 $ 7,624,810 $ 6,554,980
WAREHOUSE
INFORMATION
Warehouses in
Operation(3)
Beginning of year .... 458 433 417 397 374
Opened(4) .......... 30 28 21 20 29
Closed(4) ........... — (3) (5) — (6)
End of Year ......... 488 458 433 417 397
(1) Certain reclassifications have been made to prior fiscal years to conform to the presentation adopted in the
current fiscal year.
(2) Includes net sales at warehouses open greater than one year, including relocated locations.
(3) Excludes warehouses operated in Mexico through a 50% owned joint venture.
(4) Includes relocations.
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