Costco 2011 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
Noncontrolling
Interests
Total
Equity
Shares
(000’s) Amount
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 release
of vested restricted stock units,
including tax effects ............. 3,794 0 75 75 75
Conversion of convertible notes ..... 562 0 19 19 19
Repurchases 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 release
of vested restricted stock units,
including tax effects ............. 7,461 0 205 205 205
Conversion of convertible notes ..... 18 0 1 1 1
Repurchases 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
Initial consolidation of noncontrolling
interest in Costco Mexico ......... 0 357 357
Comprehensive Income:
Net income .................. 1,462 1,462 80 1,542
Unrealized gain on short-term
investments, net of ($1) tax . . . 1 1 0 1
Foreign-currency translation
adjustment and other ........ 250 250 24 274
Comprehensive income ............ 1,713 104 1,817
Stock options exercised and release
of vested restricted stock units,
including tax effects ............. 9,630 0 281 281 281
Conversion of convertible notes ..... 65 0 2 2 2
Repurchases of common stock ...... (8,939) 0 (89) (552) (641) (641)
Stock-based compensation ......... 207 207 207
Cash dividends ................... (389) (389) (389)
Investment by noncontrolling
interest ........................ 99
BALANCE AT AUGUST 28, 2011 . . . 434,266 $2 $4,516 $ 373 $7,111 $12,002 $571 $12,573
The accompanying notes are an integral part of these consolidated financial statements.
48