Costco 2012 Annual Report Download - page 48

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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
EquityShares (000’s) Amount
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
Foreign-currency translation
adjustment and other, net . . . 12 12 1 13
Comprehensive income .......... 1,315 21 1,336
Stock-based compensation ....... 190 190 190
Stock options exercised, including
tax effects ................... 5,576 0 243 243 243
Release of vested restricted stock
units (RSUs), including tax
effects ...................... 1,885 0 (38) (38) (38)
Conversion of convertible notes . . . 18 0 1 1 1
Repurchases of common stock .... (9,943) 0 (92) (476) (568) (568)
Cash dividends declared ......... (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
Foreign-currency translation
adjustment and other, net . . . 251 251 24 275
Comprehensive income .......... 1,713 104 1,817
Stock-based compensation ....... 207 207 207
Stock options exercised, including
tax effects ................... 7,245 0 332 332 332
Release of vested RSUs, including
tax effects ................... 2,385 0 (51) (51) (51)
Conversion of convertible notes . . . 65 0 2 2 2
Repurchases of common stock .... (8,939) 0 (89) (552) (641) (641)
Cash dividends declared ......... (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
Comprehensive Income:
Net income ................ 1,709 1,709 58 1,767
Foreign-currency translation
adjustment and other, net . . . (62) (62) (34) (96)
Comprehensive income .......... 1,647 24 1,671
Stock-based compensation ....... 241 241 241
Stock options exercised, including
tax effects ................... 2,756 0 142 142 142
Release of vested RSUs, including
tax effects ................... 2,554 0 (76) (76) (76)
Conversion of convertible notes . . . 46 0 2 2 2
Repurchases of common stock .... (7,272) 0 (77) (540) (617) (617)
Cash dividends declared ......... (446) (446) (446)
Distribution to noncontrolling
interest ...................... (183) (183)
Purchase of noncontrolling interest
in Costco Mexico ............. (379) (155) (534) (255) (789)
BALANCE AT SEPTEMBER 2,
2012 ........................ 432,350 $2 $4,369 $ 156 $7,834 $12,361 $ 157 $12,518
The accompanying notes are an integral part of these consolidated financial statements.
46