Costco 2012 Annual Report Download - page 24

Download and view the complete annual report

Please find page 24 of the 2012 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 80

  • 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

PROPERTIES
Warehouse Properties
At September 2, 2012, we operated 608 membership warehouses:
NUMBER OF WAREHOUSES
Own Land
and Building
Lease Land
and/or
Building(1) Total
United States and Puerto Rico .................... 350 89 439
Canada ...................................... 72 10 82
Mexico ....................................... 31 1 32
United Kingdom ................................ 19 3 22
Japan ........................................ 1 12 13
Taiwan ....................................... — 9 9
Korea ........................................ 3 5 8
Australia ...................................... 2 1 3
Total ..................................... 478 130 608
(1) 91 of the 130 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, 2012:
Openings by Fiscal Year United States Canada
Other
International Total
Total Warehouses
in Operation
2008 and prior ................... 398 75 39 512 512
2009 ........................... 8 2 5 15 527
2010 ........................... 10 2 1 13 540
2011 ........................... 13 3 36
(2) 52 592
2012 ........................... 10 — 6 16 608
2013 (expected through 12/31/12) . . . 9 3 2 14 622
Total ........................ 448 85 89 622
(2) This number includes the 32 Mexico warehouses in operation at the beginning of 2011, when we began consolidating
Mexico. Mexico opened 31 warehouses prior to 2009 and one in 2009.
At the end of 2012, our warehouses contained approximately 86.9 million square feet of operating floor
space: 63.7 million in the U.S.; 11.2 million in Canada; and 12.0 million in other international locations.
Administrative and Merchandise Distribution Properties
Our executive offices are located in Issaquah, Washington and occupy approximately 590,000 square
feet. We operate eight regional offices in the U.S., two regional offices in Canada and six regional
offices internationally, containing approximately 423,000 square feet. Additionally, we operate regional
cross-docking facilities (depots) for the consolidation and distribution of most merchandise shipments
to the warehouses, and various processing, packaging, and other facilities to support ancillary and
other businesses. We operate 12 depots in the U.S., four in Canada and five internationally, consisting
of approximately 8.7 million square feet.
22