Costco 2014 Annual Report Download - page 43

COSTCO WHOLESALE CORPORATION
CONSOLIDATED BALANCE SHEETS
(amounts in millions, except par value and share data)
August 31,
2014
September 1,
2013
ASSETS
CURRENT ASSETS
Cash and cash equivalents ................................................................................................................ $ 5,738 $ 4,644
Short-term investments ...................................................................................................................... 1,577 1,480
Receivables, net ................................................................................................................................. 1,148 1,201
Merchandise inventories .................................................................................................................... 8,456 7,894
Deferred income taxes and other current assets................................................................................ 669 621
Total current assets ..................................................................................................................... 17,588 15,840
PROPERTY AND EQUIPMENT
Land ................................................................................................................................................... 4,716 4,409
Buildings and improvements .............................................................................................................. 12,522 11,556
Equipment and fixtures ....................................................................................................................... 4,845 4,472
Construction in progress .................................................................................................................... 592 585
22,675 21,022
Less accumulated depreciation and amortization...............................................................................
(
7,845
)
(
7,141
)
Net property and equipment ........................................................................................................ 14,830 13,881
OTHER ASSETS ...................................................................................................................................... 606 562
TOTAL ASSETS .........................................................................................................................
$ 33,024 $ 30,283
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable ...............................................................................................................................
$ 8,491 $ 7,872
Accrued salaries and benefits ............................................................................................................ 2,231 2,037
Accrued member rewards .................................................................................................................. 773 710
Accrued sales and other taxes ........................................................................................................... 442 382
Deferred membership fees ................................................................................................................. 1,254 1,167
Other current liabilities ........................................................................................................................ 1,221 1,089
Total current liabilities .................................................................................................................. 14,412 13,257
LONG-TERM DEBT, excluding current portion .................................................................................... 5,093 4,998
DEFERRED INCOME TAXES AND OTHER LIABILITIES ...................................................................... 1,004 1,016
Total liabilities .............................................................................................................................. 20,509 19,271
COMMITMENTS AND CONTINGENCIES
EQUITY
Preferred stock $.005 par value; 100,000,000 shares authorized; no shares issued and
outstanding ..................................................................................................................................... 00
Common stock $.005 par value; 900,000,000 shares authorized; 437,683,000 and 436,839,000
shares issued and outstanding ....................................................................................................... 22
Additional paid-in capital ..................................................................................................................... 4,919 4,670
Accumulated other comprehensive loss .............................................................................................
(
76
)
(
122
)
Retained earnings .............................................................................................................................. 7,458 6,283
Total Costco stockholders’ equity ................................................................................................ 12,303 10,833
Noncontrolling interests ...................................................................................................................... 212 179
Total equity .................................................................................................................................. 12,515 11,012
TOTAL LIABILITIES AND EQUITY ............................................................................................
$ 33,024 $ 30,283
The accompanying notes are an integral part of these consolidated financial statements.
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