Costco 2008 Annual Report Download - page 24

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Stock Repurchase Program
Our stock repurchase program is conducted under authorizations made by our Board of Directors.
Since inception of the program in October 2004, through fiscal 2008, the Board has authorized a total
of $6.8 billion for stock repurchases.
Since inception of the stock repurchase program, we have repurchased 87.8 million shares of our
common stock for a total cash investment of $4.7 billion ($53.98 per share) through 2008 fiscal year
end. Subsequent to fiscal 2008 year end, and through the first quarter of fiscal 2009, we repurchased
an additional 845,000 shares at a cash investment of $55 million ($65.32 per share).
The following table sets forth information on our common stock repurchase program activity for the
16-week fourth quarter of 2008 (amounts in thousands, except per share data):
Period(1)
Total
Number of
Shares
Purchased
Average
Price Paid
per Share
Total Number of
Shares Purchased
as Part of Publicly
Announced
Programs(2)
Maximum Dollar
Value of Shares that
May Yet be
Purchased Under
the Programs(2)
May 12–June 8, 2008 .............. 286,130 $70.28 286,130 $1,284,954
June 9–July 6, 2008 ............... 887,322 69.64 887,322 1,223,158
July 7–August 3, 2008 ............. 1,079,153 63.14 1,079,153 2,155,025
August 4–August 31, 2008 .......... 1,447,736 66.04 1,447,736 2,059,414
Total Fourth Quarter ........... 3,700,341 $66.39 3,700,341
(1) Monthly information is presented by reference to our fiscal periods during the fourth quarter of
2008.
(2) Our stock repurchase program is conducted under authorizations made by our Board of Directors:
$2 billion authorized in July 2006 and expiring in July 2009; $300 million and $1 billion authorized
in September 2007 and November 2007, respectively, both of which expire in 2010; and $1 billion
authorized in July 2008 and expiring in July 2011.
(3) Additional information regarding our stock repurchase program is provided in Note 5—
Stockholders’ Equity on pages 69 through 71 of this Annual Report.
Equity Compensation Plans
Information related to our equity compensation plans is incorporated herein by reference to the Proxy
Statement filed with the Securities and Exchange Commission. Also, see Note 6—Stock-Based
Compensation Plans on pages 71 through 74 of this Annual Report.
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