Costco 2010 Annual Report Download - page 23

Download and view the complete annual report

Please find page 23 of the 2010 Costco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

PROPERTIES
Warehouse Properties
At August 29, 2010, we operated 540 membership warehouses:
NUMBER OF WAREHOUSES
Own Land
and Building
Lease Land
and/or
Building(1) Total
United States and Puerto Rico .................... 329 87 416
Canada ...................................... 70 9 79
United Kingdom ................................ 19 3 22
Japan ........................................ 1 8 9
Korea ........................................ 3 4 7
Taiwan ....................................... — 6 6
Australia ...................................... 1 — 1
Total ..................................... 423 117 540
(1) 77 of the 117 leases are land-leases only, where Costco owns the building.
The following schedule shows warehouse openings (net of closings) by region for the past five fiscal
years and expected warehouse openings (net of closings) through December 31, 2010:
Openings by Fiscal Year United States Canada
Other
International Total
Total Warehouses
in Operation
2006 and prior .................... 358 68 32 458 458
2007 ............................ 25 3 2 30 488
2008 ............................ 15 4 5 24 512
2009 ............................ 8 2 5 15 527
2010 ............................ 10 2 1 13 540
2011 (expected through 12/31/10) . . . 9 1 — 10 550
Total ........................ 425 80 45 550
The 32 warehouses operated by Costco Mexico, under our oversight, at the end of 2010 are not
included in the above tables.
At the end of 2010, our warehouses contained approximately 77.3 million square feet of operating floor
space: 60.2 million in the United States, 10.8 million in Canada and 6.3 million in other international
locations, excluding Mexico.
Administrative and Merchandise Distribution Properties
Our executive offices are located in Issaquah, Washington and occupy approximately 581,000 square
feet. We operated eight regional offices in the United States, two regional offices in Canada and five
regional offices internationally at the end of 2010, containing approximately 334,000 square feet.
Additionally, we operate regional cross-docking facilities (depots) for the consolidation and distribution
of most shipments to the warehouses, and various processing, packaging, and other facilities to
support ancillary and other businesses. At the end of 2010, we operated 12 depots in the United
States, four in Canada and three internationally, excluding Mexico, consisting of approximately
7.6 million square feet.
21