Costco 2008 Annual Report Download - page 26

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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 year ended(1)
Aug 31, 2008
(52 weeks)
Sept. 2, 2007
(52 weeks)
Sept. 3, 2006
(53 weeks)
Aug. 28, 2005
(52 weeks)
Aug. 29, 2004
(52 weeks)
RESULTS OF OPERATIONS
Net sales ................... $70,977,484 $63,087,601 $58,963,180 $51,879,070 $47,148,627
Merchandise costs ............ 63,502,750 56,449,702 52,745,497 46,346,961 42,092,016
Gross Margin ............ 7,474,734 6,637,899 6,217,683 5,532,109 5,056,611
Membership fees ............. 1,505,536 1,312,554 1,188,047 1,073,156 961,280
Operating income ............ 1,968,835 1,608,586 1,625,632 1,474,303 1,385,648
Net income .................. 1,282,725 1,082,772 1,103,215 1,063,092 882,393
Net income per diluted common
share ..................... 2.89 2.37 2.30 2.18 1.85
Dividends per share .......... $ 0.61 $ 0.55 $ 0.49 $ 0.43 $ 0.20
Increase in comparable
warehouse sales(2)
United States ............ 6% 5% 7% 6% 9%
International ............. 15% 9% 11% 11% 14%
Total ................... 8% 6% 8% 7% 10%
BALANCE SHEET DATA
Net property and
equipment ............. $10,354,996 $ 9,519,780 $ 8,564,295 $ 7,790,192 $ 7,219,829
Total assets ............. 20,682,348 19,606,586 17,495,070 16,665,205 15,092,548
Short-term borrowings ..... 134,409 53,832 41,385 54,356 21,595
Current portion of long-term
debt .................. 6,003 59,905 308,523 3,225 305,594
Long-term debt, excluding
current portion ......... 2,205,952 2,107,978 215,369 710,675 993,746
Stockholders’ equity ....... $ 9,192,061 $ 8,623,341 $ 9,143,439 $ 8,881,109 $ 7,624,810
WAREHOUSE INFORMATION
Warehouses in Operation(3)
Beginning of year ......... 488 458 433 417 397
Opened(4) .............. 34 30 28 21 20
Closed(4) ............... (10) — (3) (5) —
End of Year .............. 512 488 458 433 417
(1) Certain reclassifications have been made to prior years to conform to the presentation adopted in the current 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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