Costco 2010 Annual Report Download - page 50

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COSTCO WHOLESALE CORPORATION
CONSOLIDATED STATEMENTS OF EQUITY
AND COMPREHENSIVE INCOME
(dollars in millions)
Common Stock Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
Income
Retained
Earnings
Total Costco
Stockholders’
Equity
Non-
controlling
Interests
Total
Equity
Shares
(000’s) Amount
BALANCE AT SEPTEMBER 2, 2007 . . 437,013 $2 $3,118 $ 374 $5,132 $ 8,626 $ 67 $ 8,693
Cumulative effect of adoption of
guidance related to uncertain tax
positions ........................ (6) (6) (6)
Adjusted balance at September 2,
2007 ........................... 437,013 2 3,118 374 5,126 8,620 67 8,687
Comprehensive Income:
Net income .................... 1,283 1,283 12 1,295
Foreign currency translation
adjustment and other .......... (90) (90) 1 (89)
Tax benefit on translation gain in
relation to earnings subject to
repatriation .................. 4 4 0 4
Comprehensive income .......... 1,197 13 1,210
Stock options exercised and vesting of
restricted stock units, including
income tax benefits and other ...... 9,299 0 363 363 363
Conversion of convertible notes ....... 13 0 0 0
Repurchase of common stock ........ (13,812) 0 (104) (783) (887) (887)
Stock-based compensation .......... 166 166 166
Cash dividends .................... (265) (265) 0 (265)
BALANCE AT AUGUST 31, 2008 ..... 432,513 2 3,543 288 5,361 9,194 80 9,274
Comprehensive Income:
Net income .................... 1,086 1,086 13 1,099
Unrealized gain on short-term
investments, net of ($2) tax ..... 3 3 0 3
Foreign currency translation
adjustment and other .......... (181) (181) (4) (185)
Comprehensive income .......... 908 9 917
Stock options exercised and vesting of
restricted stock units, including
income tax benefits and other ...... 3,794 0 75 75 75
Conversion of convertible notes ....... 562 0 19 19 19
Repurchase of common stock ........ (895) 0 (7) (50) (57) (57)
Stock-based compensation .......... 181 181 181
Cash dividends .................... (296) (296) (296)
Distribution to noncontrolling interest . . . (9) (9)
BALANCE AT AUGUST 30, 2009 ..... 435,974 2 3,811 110 6,101 10,024 80 10,104
Comprehensive Income:
Net income .................... 1,303 1,303 20 1,323
Unrealized gain on short-term
investments, net of ($1) tax ..... 3 3 0 3
Foreign currency translation
adjustment and other .......... 9 9 1 10
Comprehensive income .......... 1,315 21 1,336
Stock options exercised and vesting of
restricted stock units, including
income tax benefits and other ...... 7,461 0 205 205 205
Conversion of convertible notes ....... 18 0 1 1 1
Repurchase of common stock ........ (9,943) 0 (92) (476) (568) (568)
Stock-based compensation .......... 190 190 190
Cash dividends .................... (338) (338) (338)
BALANCE AT AUGUST 29, 2010 ..... 433,510 $2 $4,115 $ 122 $6,590 $10,829 $101 $10,930
The accompanying notes are an integral part of these consolidated financial statements.
48