Costco 2009 Annual Report Download - page 50

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COSTCO WHOLESALE CORPORATION
CONSOLIDATED BALANCE SHEETS
(dollars in millions, except par value and share data)
August 30,
2009
August 31,
2008
ASSETS
CURRENT ASSETS
Cash and cash equivalents ...................................... $ 3,157 $ 2,619
Short-term investments ......................................... 570 656
Receivables, net ............................................... 834 748
Merchandise inventories ........................................ 5,405 5,039
Deferred income taxes and other current assets ..................... 371 400
Total current assets ........................................ 10,337 9,462
PROPERTY AND EQUIPMENT
Land ........................................................ 3,341 3,217
Buildings, leasehold and land improvements ........................ 8,453 7,749
Equipment and fixtures ......................................... 3,265 3,057
Construction in progress ........................................ 264 306
15,323 14,329
Less accumulated depreciation and amortization .................... (4,423) (3,974)
Net property and equipment ................................. 10,900 10,355
OTHER ASSETS .................................................. 742 865
TOTAL ASSETS .......................................... $21,979 $20,682
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Short-term borrowings .......................................... $ 16 $ 134
Accounts payable .............................................. 5,450 5,225
Accrued salaries and benefits .................................... 1,418 1,321
Accrued sales and other taxes ................................... 302 283
Deferred membership fees ...................................... 824 748
Current portion of long-term debt ................................. 81 6
Other current liabilities .......................................... 1,190 1,157
Total current liabilities ....................................... 9,281 8,874
LONG-TERM DEBT, excluding current portion ....................... 2,206 2,206
DEFERRED INCOME TAXES AND OTHER LIABILITIES ................ 388 328
Total liabilities ............................................. 11,875 11,408
COMMITMENTS AND CONTINGENCIES
MINORITY INTEREST ............................................. 86 82
STOCKHOLDERS’ EQUITY
Preferred stock $.005 par value; 100,000,000 shares authorized; no
shares issued and outstanding ................................. — —
Common stock $.005 par value; 900,000,000 shares authorized;
435,974,000 and 432,513,000 shares issued and outstanding ....... 2 2
Additional paid-in capital ........................................ 3,811 3,543
Accumulated other comprehensive income ......................... 104 286
Retained earnings ............................................. 6,101 5,361
Total stockholders’ equity .................................... 10,018 9,192
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .......... $21,979 $20,682
The accompanying notes are an integral part of these consolidated financial statements.
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