Costco 2009 Annual Report Download - page 90

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Note 13—Quarterly Financial Data (Unaudited)
The two tables that follow reflect the unaudited quarterly results of operations for 2009 and 2008.
52 Weeks Ended August 30, 2009
First
Quarter
12 Weeks
Second
Quarter
12 Weeks
Third
Quarter
12 Weeks
Fourth
Quarter
16 Weeks
Total
52 Weeks
REVENUE
Net sales ............................. $ 16,036 $ 16,488 $ 15,477 $ 21,888 $ 69,889
Membership fees ....................... 359 355 329(a) 490 1,533
Total revenue ...................... 16,395 16,843 15,806 22,378 71,422
OPERATING EXPENSES
Merchandise costs ..................... 14,276 14,771 13,776 19,512 62,335
Selling, general and administrative ........ 1,677 1,666 1,655 2,254 7,252
Preopening expenses ................... 13 7 9 12 41
Provision for impaired assets and closing
costs, net ........................... 717217
Operating income .................. 422 398 359 598 1,777
OTHER INCOME (EXPENSE)
Interest expense ....................... (25) (25) (25) (33) (108)
Interest income and other ................ 18 8 4 15 45
INCOME BEFORE INCOME TAXES .......... 415 381 338 580 1,714
Provision for income taxes ............... 152 142 128 206 628
NET INCOME ............................. $ 263 $ 239 $ 210 $ 374 $ 1,086
NET INCOME PER COMMON SHARE:
Basic ................................. $ 0.61 $ 0.55 $ 0.48 $ 0.86 $ 2.50
Diluted ............................... $ 0.60 $ 0.55 $ 0.48 $ 0.85 $ 2.47
Shares used in calculation (000’s)
Basic ................................. 432,451 433,476 434,354 435,255 433,988
Diluted ............................... 440,533 439,688 439,997 441,699 440,454
Dividends per share ........................ $ 0.160 $ 0.160 $ 0.180 $ 0.18 $ 0.68
(a) Includes a $27 decrease to membership fees related to a proposed litigation settlement concerning our membership
renewal policy (See Note 11—Commitments and Contingencies).
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