Costco 2014 Annual Report Download - page 69
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Note 11—Segment Reporting
The Company and its subsidiaries are principally engaged in the operation of membership warehouses in
the U.S., Canada, Mexico, U.K., Japan, Australia, and Spain and through majority-owned subsidiaries in
Taiwan and Korea. The Company’s reportable segments are largely based on management’s organization
of the operating segments for operational decisions and assessments of financial performance, which
considers geographic locations. The material accounting policies of the segments are the same as
described in Note 1. All material inter-segment net sales and expenses have been eliminated in
computing total revenue and operating income. Certain operating expenses, predominantly stock-based
compensation, are incurred on behalf of the Company's Canadian and Other International Operations, but
are included in the U.S. Operations because those costs are not allocated internally and generally come
under the responsibility of the Company's U.S. management team.
United States
O
p
erations
Canadian
O
p
erations
Other
International
O
p
erations Total
2014
Total revenue ......................................................................................
.
$80,477 $17,943
$ 14,220 $112,640
Operating income................................................................................
.
1,880 796
544 3,220
Depreciation and amortization ..............................................................
.
755 124
150 1,029
Additions to property and equipment ......................................................
.
1,245 204
544 1,993
Net property and equipment .................................................................
.
10,132 1,662
3,036 14,830
Total assets ........................................................................................
.
21,929 4,892
6,203 33,024
2013
Total revenue ......................................................................................
.
$
75,493
$
17,179
$
12,484
$
105,156
Operating income................................................................................
.
1,810 756
487 3,053
Depreciation and amortization ..............................................................
.
696 123
127 946
Additions to property and equipment ......................................................
.
1,090 186
807 2,083
Net property and equipment .................................................................
.
9,652 1,621
2,608 13,881
Total assets ........................................................................................
.
20,608 4,529
5,146 30,283
2012
Total revenue ......................................................................................
.
$
71,776
$
15,717
$
11,644
$
99,137
Operating income................................................................................
.
1,632 668
459 2,759
Depreciation and amortization ..............................................................
.
667 117
124 908
Additions to property and equipment ......................................................
.
1,012 170
298 1,480
Net property and equipment .................................................................
.
9,236 1,664
2,061 12,961
Total assets ........................................................................................
.
18,401 4,237
4,502 27,140
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