Costco 2014 Annual Report Download - page 26

FIVE YEAR OPERATING AND FINANCIAL HIGHLIGHTS
The following table sets forth information concerning our consolidated financial condition, operating
results, and key operating metrics. This information should be read in conjunction with Management’s
Discussion and Analysis of Financial Condition and Results of Operations, included in this Report, and
our consolidated financial statements and notes thereto, included in this Report.
SELECTED FINANCIAL DATA
(dollars in millions, except share, per share, and warehouse count data)
Au
g
. 31, 2014 Sept. 1,
2013
Sept. 2,
2012 Aug. 28,
2011 Aug. 29, 2010
As of and for the
y
ear ended
(
52 weeks
)
(
52 weeks
)
(
53 weeks
)
(
52 weeks
)
(
52 weeks
)
RESULTS OF OPERATIONS
Net sales .............................................................
.
$110,212 $102,870 $97,062 $87,048 $ 76,255
Merchandise costs ..............................................
.
98,458 91,948 86,823 77,739
67,995
Gross mar
g
in ...............................................
.
11,754 10,922 10,239 9,309
8,260
Membership fees ................................................
.
2,428 2,286 2,075 1,867 1,691
Operating income ................................................
.
3,220 3,053 2,759 2,439
2,077
Net income attributable to Costco
(1)
....................
.
2,058 2,039 1,709 1,462 1,303
Net income per diluted common share
attributable to Costco.......................................
.
4.65 4.63 3.89 3.30
2.92
Cash dividends declared per common share ......
.
$1.33
$8.17 $1.03 $0.89
$0.77
Increase in comparable warehouse sales(2)
United States ...............................................
.
5% 6 % 7% 7 % 4%
International .................................................
.
3% 6 % 6% 16 % 19 %
Total .............................................................
.
4% 6 % 7%
10 % 7%
Increase in international comparable warehouse
sales in local currenc
y
........................................... 7% 6 % 8%
10 % 8%
BALANCE SHEET DATA
(3)
Net property and equipment ................................
.
$ 14,830 $ 13,881 $12,961 $12,432 $ 11,314
Total assets .........................................................
.
33,024 30,283 27,140 26,761
23,815
Current portion of long-term debt ........................
.
—— 1 900 —
Long-term debt, excluding current portion ..........
.
5,093 4,998 1,381 1,253 2,141
Costco stockholders’ equity ................................
.
$ 12,303 $ 10,833 $12,361 $12,002 $10,829
WAREHOUSE INFORMATION
Warehouses in Operation(4)
Beginning of year(4) ........................................... 634 608 592 572
527
Opened(5) .......................................................... 30 26 17 24 14
Closed(5) ............................................................
(
1
)
0
(
1
)
(
4
)
(
1
)
End of
y
ea
r
..........................................................
.
663 634 608 592
540
_______________
(1) Includes 50% of the results of Costco Mexico's operations in fiscal 2010, 2011, and in 2012 prior to the July acquisition of our
former joint venture partner's 50% equity interest. The remainder of fiscal 2012 and thereafter include 100% of Costco
Mexico's results of operations.
(2) Includes net sales at warehouses open more than one year, including relocations, remodels, and expansions, as well as
online sales. For fiscal 2013 and 2012, the prior year includes the comparable 52 and 53 weeks, respectively.
(3) Excludes the balance sheet data for Costco Mexico for fiscal 2010.
(4) Excludes in 2010 warehouses operated in Mexico through a 50% owned joint venture. Mexico opened 32 of these
warehouses in 2010 and prior. The 2011 beginning-of-year figure includes these warehouses consolidated at the beginning
of the fiscal year.
(5) Includes warehouse relocations and the closure in September 2013 of the Acapulco, Mexico location due to storm damage.
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