Costco 2010 Annual Report Download - page 26

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FIVE YEAR OPERATING AND FINANCIAL HIGHLIGHTS
The following table sets forth certain information concerning our consolidated financial condition,
operating results, and key operating metrics for the dates and periods indicated. This information
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 millions, except per share and warehouse number data)
As of and for the year
ended(1)
Aug. 29, 2010
(52 weeks)
Aug. 30, 2009
(52 weeks)
Aug. 31, 2008
(52 weeks)
Sept. 2, 2007
(52 weeks)
Sept. 3, 2006
(53 weeks)
RESULTS OF OPERATIONS
Net sales ................. $76,255 $69,889 $70,977 $63,088 $58,963
Merchandise costs ......... 67,995 62,335 63,503 56,450 52,745
Gross Margin .......... 8,260 7,554 7,474 6,638 6,218
Membership fees ........... 1,691 1,533 1,506 1,313 1,188
Operating income .......... 2,077 1,777 1,969 1,609 1,626
Net income attributable to
Costco ................. 1,303 1,086 1,283 1,083 1,103
Net income per diluted
common share attributable
to Costco ............... 2.92 2.47 2.89 2.37 2.30
Dividends per share ........ $ 0.77 $ 0.68 $ 0.61 $ 0.55 $ 0.49
Increase (decrease) in
comparable warehouse
sales(2)
United States .......... 4% (2%) 6% 5% 7%
International ........... 19% (8%) 15% 9% 11%
Total ................. 7% (4%) 8% 6% 8%
Increase in International
comparable warehouse
sales in local currency .... 8% 7% 6% 5% 7%
BALANCE SHEET DATA
Net property and
equipment ........... $11,314 $10,900 $10,355 $ 9,520 $ 8,564
Total assets ........... 23,815 21,979 20,682 19,607 17,495
Short-term borrowings . . . 26 16 134 54 41
Current portion of long-
term debt ........... — 80 6 60 309
Long-term debt,
excluding current
portion .............. 2,141 2,130 2,206 2,108 215
Costco stockholders’
equity .............. $10,829 $10,024 $ 9,194 $ 8,626 $ 9,147
WAREHOUSE
INFORMATION
Warehouses in Operation(3)
Beginning of year ....... 527 512 488 458 433
Opened(4) ............ 14 19 34 30 28
Closed(4) ............. (1) (4) (10) — (3)
End of Year ........... 540 527 512 488 458
(1) Certain reclassifications have been made to prior years to conform to the presentation adopted in the current
year. See further information in Note 1 of this Report.
(2) Includes net sales at warehouses open greater than one year, including relocated facilities.
(3) Excludes warehouses operated in Mexico through a 50% owned joint venture.
(4) Includes warehouse relocations and the closure in July 2009 of two Costco Home locations.
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