Costco 2010 Annual Report Download - page 84

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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(2) 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 ......................... 7 1 7 2 17
Operating income ................ 422 398 359 598 1,777
OTHER INCOME (EXPENSE)
Interest expense ..................... (25) (25) (25) (33) (108)
Interest income and other, net .......... 21 12 6 19 58
INCOME BEFORE INCOME TAXES ........ 418 385 340 584 1,727
Provision for income taxes ............. 152 142 128 206 628
Net income including noncontrolling
interests .......................... 266 243 212 378 1,099
Net income attributable to noncontrolling
interests .......................... (3) (4) (2) (4) (13)
NET INCOME ATTRIBUTABLE TO
COSTCO ............................. $ 263 $ 239 $ 210 $ 374 $ 1,086
NET INCOME PER COMMON SHARE
ATTRIBUTABLE TO COSTCO:
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 $ 0.180 $ 0.68
(2) Includes a $27 decrease to membership fees related to a litigation settlement concerning our membership renewal
policy.
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