Cash flow Costco Wholesale Corporation

Equities

COST

US22160K1051

Discount Stores

Market Closed - Nasdaq Other stock markets 04:00:00 2025-07-18 pm EDT			After hours 08:00:00 pm
950.95 ^USD	-0.31%		960.25	+0.98%

Jul. 17	Costco Wholesale Corporation, Period Ending Jul 06, 2025 Pre Recorded Sales/ Trading Statement Call, Jul 09, 2025
Jul. 16	Costco Wholesale Maintains Quarterly Dividend at $1.30 a Share, Payable Aug. 15 to Holders of Record Aug. 1	MT

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Published financial data: COSTCO WHOLESALE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2020	2021	2022	2023	2024
Revenues	167B	196B	227B	242B	254B
Total Revenues	167B	196B	227B	242B	254B
Cost of Goods Sold, Total	145B	171B	199B	212B	222B
Gross Profit	21.93B	25.24B	27.57B	30.1B	32.1B
Selling General & Admin Expenses, Total	15.85B	17.95B	19.78B	21.59B	22.81B
Pre-Opening Costs	55M	76M	-	-	-
Other Operating Expenses, Total	15.91B	18.02B	19.78B	21.59B	22.81B
Operating Income	6.02B	7.22B	7.79B	8.5B	9.28B
Interest Expense, Total	-160M	-171M	-158M	-160M	-169M
Interest And Investment Income	89M	41M	61M	470M	533M
Net Interest Expenses	-71M	-130M	-97M	310M	364M
Currency Exchange Gains (Loss)	7M	56M	106M	29M	26M
Other Non Operating Income (Expenses)	32M	46M	38M	34M	65M
EBT, Excl. Unusual Items	5.99B	7.2B	7.84B	8.88B	9.74B
Merger & Related Restructuring Charges	-24M	-	-	-	-
Asset Writedown	-	-	-	-391M	-
Other Unusual Items	-600M	-515M	-	-	-
EBT, Incl. Unusual Items	5.37B	6.68B	7.84B	8.49B	9.74B
Income Tax Expense	1.31B	1.6B	1.92B	2.2B	2.37B
Earnings From Continuing Operations	4.06B	5.08B	5.92B	6.29B	7.37B
Net Income to Company	4.06B	5.08B	5.92B	6.29B	7.37B
Minority Interest	-57M	-72M	-71M	-	-
Net Income - (IS)	4B	5.01B	5.84B	6.29B	7.37B
Net Income to Common Incl Extra Items	4B	5.01B	5.84B	6.29B	7.37B
Net Income to Common Excl. Extra Items	4B	5.01B	5.84B	6.29B	7.37B
Per Share Items
Net EPS - Basic	9.05	11.3	13.17	14.18	16.6
Basic EPS - Continuing Operations	9.05	11.3	13.17	14.18	16.6
Basic Weighted Average Shares Outstanding	442M	443M	444M	444M	444M
Net EPS - Diluted	9.02	11.27	13.14	14.16	16.56
Diluted EPS - Continuing Operations	9.02	11.27	13.14	14.16	16.56
Diluted Weighted Average Shares Outstanding	444M	444M	445M	444M	445M
Normalized Basic EPS	8.34	9.99	10.88	12.5	13.71
Normalized Diluted EPS	8.31	9.96	10.86	12.48	13.69
Dividend Per Share	2.7	2.98	3.38	3.84	4.36
Payout Ratio	36.96	26.32	25.63	19.88	32.39
American Depositary Receipts Ratio (ADR)	0.02	0.02	0.02	0.02	0.02
Supplemental Items
EBITDA	7.67B	9B	9.69B	10.58B	11.52B
EBITA	6.02B	7.22B	7.79B	8.5B	9.28B
EBIT	6.02B	7.22B	7.79B	8.5B	9.28B
EBITDAR	8.01B	9.45B	10.15B	11.05B	11.97B
Total Revenues (As Reported)	167B	196B	227B	242B	254B
Effective Tax Rate - (Ratio)	24.37	23.97	24.55	25.86	24.36
Current Domestic Taxes	846M	983M	1.13B	1.43B	1.68B
Current Foreign Taxes	372M	557M	851M	732M	798M
Total Current Taxes	1.22B	1.54B	1.98B	2.16B	2.47B
Deferred Domestic Taxes	85M	95M	-40M	43M	-29M
Deferred Foreign Taxes	5M	-34M	-17M	-10M	-72M
Total Deferred Taxes	90M	61M	-57M	33M	-101M
Normalized Net Income	3.69B	4.42B	4.83B	5.55B	6.09B
Interest on Long-Term Debt	33M	37M	45M	54M	58M
Supplemental Operating Expense Items
Net Rental Expense, Total	339M	447M	454M	469M	447M
Imputed Operating Lease Interest Expense	47.34M	54.37M	51.44M	55.99M	59M
Imputed Operating Lease Depreciation	292M	393M	403M	413M	388M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	619M	665M	724M	774M	818M
Total Stock-Based Compensation	619M	665M	724M	774M	818M

Fiscal Period: September	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	12.28B	11.26B	10.2B	13.7B	9.91B
Short Term Investments	1.03B	917M	846M	1.53B	1.24B
Total Cash And Short Term Investments	13.3B	12.18B	11.05B	15.23B	11.14B
Accounts Receivable, Total	1.55B	1.8B	2.24B	2.28B	2.72B
Other Receivables	-	-	-	-	-
Total Receivables	1.55B	1.8B	2.24B	2.28B	2.72B
Inventory	12.24B	14.22B	17.91B	16.65B	18.65B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	1.02B	1.31B	1.5B	1.71B	1.73B
Total Current Assets	28.12B	29.5B	32.7B	35.88B	34.25B
Gross Property Plant And Equipment	38.08B	41.55B	44.33B	47.41B	51B
Accumulated Depreciation	-12.9B	-14.17B	-15.29B	-16.68B	-17.92B
Net Property Plant And Equipment	25.19B	27.38B	29.04B	30.72B	33.08B
Goodwill	988M	996M	993M	994M	994M
Deferred Tax Assets Long-Term	406M	444M	445M	491M	548M
Other Long-Term Assets, Total	855M	941M	992M	908M	961M
Total Assets	55.56B	59.27B	64.17B	68.99B	69.83B
Liabilities
Accounts Payable, Total	14.17B	16.28B	17.85B	17.48B	19.42B
Accrued Expenses, Total	5B	5.76B	6.29B	6.43B	7.23B
Current Portion of Long-Term Debt	95M	799M	73M	1.08B	103M
Current Portion of Leases	262M	294M	484M	349M	326M
Unearned Revenue Current, Total	1.85B	2.04B	2.17B	2.34B	2.5B
Other Current Liabilities	3.47B	4.27B	5.13B	5.9B	5.88B
Total Current Liabilities	24.84B	29.44B	32B	33.58B	35.46B
Long-Term Debt	7.51B	6.69B	6.48B	5.38B	5.79B
Long-Term Leases	3.22B	3.62B	3.86B	3.73B	3.73B
Deferred Tax Liability Non Current	665M	754M	724M	795M	769M
Other Non Current Liabilities	613M	681M	448M	452M	456M
Total Liabilities	36.85B	41.19B	43.52B	43.94B	46.21B
Common Stock, Total	4M	4M	2M	2M	2M
Additional Paid In Capital	6.7B	7.03B	6.88B	7.34B	7.83B
Retained Earnings	12.88B	11.67B	15.58B	19.52B	17.62B
Comprehensive Income and Other	-1.3B	-1.14B	-1.83B	-1.8B	-1.83B
Total Common Equity	18.28B	17.56B	20.64B	25.06B	23.62B
Minority Interest	421M	514M	5M	-	-
Total Equity	18.7B	18.08B	20.65B	25.06B	23.62B
Total Liabilities And Equity	55.56B	59.27B	64.17B	68.99B	69.83B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	441M	442M	443M	443M	443M
ECS Total Common Shares Outstanding	441M	442M	443M	443M	443M
Book Value / Share	41.44	39.75	46.63	56.59	53.31
Tangible Book Value	17.3B	16.57B	19.65B	24.06B	22.63B
Tangible Book Value Per Share	39.2	37.5	44.39	54.35	51.06
Total Debt	11.09B	11.41B	10.91B	10.54B	9.95B
Net Debt	-2.22B	-768M	-143M	-4.7B	-1.2B
Debt Equivalent Oper. Leases	2.71B	3.58B	3.63B	3.75B	3.58B
Minority Interest, Total (Incl. Fin. Div)	421M	514M	5M	-	-
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-	-	-	-	-
Inventories - Finished Goods, Total	12.24B	14.22B	17.91B	16.65B	18.65B
Land - (BS)	6.7B	7.51B	7.96B	8.59B	9.45B
Buildings, Total	17.98B	19.14B	20.12B	22B	23.73B
Machinery, Total	8.75B	9.5B	10.28B	11.51B	12.39B
Full Time Employees	156K	288K	304K	316K	333K
Part Time Employees	117K	-	-	-	-

Fiscal Period: September	2020	2021	2022	2023	2024
Net Income	4B	5.01B	5.84B	6.29B	7.37B
Depreciation & Amortization - CF	1.64B	1.78B	1.9B	2.08B	2.24B
Depreciation & Amortization, Total	1.64B	1.78B	1.9B	2.08B	2.24B
Asset Writedown & Restructuring Costs	-	-	-	495M	-9M
Stock-Based Compensation (CF)	619M	665M	724M	774M	818M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	397M	502M	487M	412M	315M
Change In Inventories	-791M	-1.89B	-4B	1.23B	-2.07B
Change In Accounts Payable	2.26B	1.84B	1.89B	-382M	1.94B
Change in Other Net Operating Assets	728M	1.06B	549M	172M	741M
Cash from Operations	8.86B	8.96B	7.39B	11.07B	11.34B
Capital Expenditure	-2.81B	-3.59B	-3.89B	-4.32B	-4.71B
Cash Acquisitions	-1.16B	-	-	-	-
Investment in Marketable and Equity Securities, Total	52M	115M	24M	-685M	320M
Other Investing Activities, Total	30M	-62M	-48M	36M	-19M
Cash from Investing	-3.89B	-3.54B	-3.92B	-4.97B	-4.41B
Short Term Debt Issued, Total	-	41M	-	917M	928M
Long-Term Debt Issued, Total	4.13B	188M	-	-	498M
Total Debt Issued	4.13B	229M	-	917M	1.43B
Short Term Debt Repaid, Total	-	-	-	-935M	-920M
Long-Term Debt Repaid, Total	-3.2B	-94M	-800M	-366M	-1.21B
Total Debt Repaid	-3.2B	-94M	-800M	-1.3B	-2.13B
Repurchase of Common Stock	-526M	-808M	-802M	-979M	-1.02B
Common Dividends Paid	-1.48B	-1.32B	-1.5B	-1.25B	-2.39B
Common & Preferred Stock Dividends Paid	-1.48B	-1.32B	-1.5B	-1.25B	-2.39B
Special Dividend Paid	-	-4.43B	-	-	-6.66B
Other Financing Activities, Total	-71M	-67M	-1.18B	-	-
Cash from Financing	-1.15B	-6.49B	-4.28B	-2.61B	-10.76B
Foreign Exchange Rate Adjustments	70M	46M	-249M	15M	40M
Net Change in Cash	3.89B	-1.02B	-1.06B	3.5B	-3.79B
Supplemental Items
Cash Interest Paid	124M	149M	145M	125M	129M
Cash Income Tax Paid (Refund)	1.05B	1.53B	1.94B	2.23B	2.32B
Levered Free Cash Flow	5.34B	4.61B	2.28B	5.46B	4.47B
Unlevered Free Cash Flow	5.44B	4.72B	2.38B	5.56B	4.57B
Change In Net Working Capital	-2.23B	-1.35B	1.22B	-1.71B	-425M
Net Debt Issued / Repaid	929M	135M	-800M	-384M	-708M

Fiscal Period: September	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.46	7.86	7.89	7.98	8.36
Return on Total Capital	14.31	15.23	15.96	15.83	16.78
Return On Equity %	23.68	27.62	30.55	27.53	30.27
Return on Common Equity	23.87	27.93	30.59	27.54	30.27
Margin Analysis
Gross Profit Margin %	13.15	12.88	12.15	12.42	12.61
SG&A Margin	9.51	9.16	8.71	8.91	8.96
EBITDA Margin %	4.6	4.6	4.27	4.37	4.53
EBITA Margin %	3.61	3.69	3.43	3.51	3.65
EBIT Margin %	3.61	3.69	3.43	3.51	3.65
Income From Continuing Operations Margin %	2.43	2.59	2.61	2.6	2.9
Net Income Margin %	2.4	2.56	2.57	2.6	2.9
Net Avail. For Common Margin %	2.4	2.56	2.57	2.6	2.9
Normalized Net Income Margin	2.21	2.26	2.13	2.29	2.39
Levered Free Cash Flow Margin	3.2	2.35	1	2.25	1.76
Unlevered Free Cash Flow Margin	3.26	2.41	1.05	2.29	1.8
Asset Turnover
Asset Turnover	3.3	3.41	3.68	3.64	3.67
Fixed Assets Turnover	7.24	7.45	8.04	8.11	7.98
Receivables Turnover (Average Receivables)	108.11	116.87	112.24	107.07	101.66
Inventory Turnover (Average Inventory)	12.25	12.9	12.41	12.28	12.6
Short Term Liquidity
Current Ratio	1.13	1	1.02	1.07	0.97
Quick Ratio	0.6	0.47	0.42	0.52	0.39
Operating Cash Flow to Current Liabilities	0.36	0.3	0.23	0.33	0.32
Days Sales Outstanding (Average Receivables)	3.37	3.11	3.24	3.47	3.58
Days Outstanding Inventory (Average Inventory)	29.7	28.21	29.32	30.21	28.89
Average Days Payable Outstanding	32.3	32.1	30.58	31.07	29.94
Cash Conversion Cycle (Average Days)	0.77	-0.77	1.98	2.61	2.53
Long Term Solvency
Total Debt/Equity	59.27	63.1	52.82	42.05	42.12
Total Debt / Total Capital	37.21	38.69	34.56	29.6	29.64
LT Debt/Equity	57.36	57.05	50.12	36.34	40.3
Long-Term Debt / Total Capital	36.01	34.98	32.8	25.58	28.36
Total Liabilities / Total Assets	66.33	69.5	67.82	63.68	66.17
EBIT / Interest Expense	37.64	42.24	49.32	53.16	54.94
EBITDA / Interest Expense	50.04	55.27	64.22	69.07	70.82
(EBITDA - Capex) / Interest Expense	32.48	34.29	39.59	42.05	42.95
Total Debt / EBITDA	1.38	1.21	1.07	0.95	0.83
Net Debt / EBITDA	-0.28	-0.08	-0.01	-0.43	-0.1
Total Debt / (EBITDA - Capex)	2.13	1.95	1.74	1.57	1.37
Net Debt / (EBITDA - Capex)	-0.43	-0.13	-0.02	-0.7	-0.16
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.21	17.49	15.83	6.76	5.02
Gross Profit, 1 Yr. Growth %	10.66	15.69	9.22	9.15	6.65
EBITDA, 1 Yr. Growth %	23.1	27.18	7.65	7.86	8.88
EBITA, 1 Yr. Growth %	27.15	32.9	7.89	7.51	9.17
EBIT, 1 Yr. Growth %	27.15	32.9	7.89	7.51	9.17
Earnings From Cont. Operations, 1 Yr. Growth %	9.58	25.13	16.46	6.37	17.09
Net Income, 1 Yr. Growth %	9.37	25.11	16.72	7.67	17.09
Normalized Net Income, 1 Yr. Growth %	25.71	33.28	9.13	13.18	9.71
Diluted EPS Before Extra, 1 Yr. Growth %	9.2	24.94	16.59	7.76	16.95
Accounts Receivable, 1 Yr. Growth %	0.98	16.32	24.29	1.96	19.08
Inventory, 1 Yr. Growth %	7.43	16.12	25.97	-7.01	11.99
Net Property, Plant and Equip., 1 Yr. Growth %	20.57	8.71	6.06	5.79	7.68
Total Assets, 1 Yr. Growth %	22.37	6.68	8.26	7.52	1.21
Tangible Book Value, 1 Yr. Growth %	13.86	-4.21	18.6	22.47	-5.97
Common Equity, 1 Yr. Growth %	19.95	-3.94	17.52	21.39	-5.73
Cash From Operations, 1 Yr. Growth %	39.41	1.09	-17.48	49.73	2.45
Capital Expenditures, 1 Yr. Growth %	-6.27	27.69	8.44	11.1	8.95
Levered Free Cash Flow, 1 Yr. Growth %	105.88	-7.34	-50.54	131.78	-18.14
Unlevered Free Cash Flow, 1 Yr. Growth %	102.42	-7.06	-49.57	126.53	-17.71
Dividend Per Share, 1 Yr. Growth %	10.66	10.37	13.42	13.61	13.54
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.53	13.27	16.66	11.2	5.89
Gross Profit, 2 Yr. CAGR %	9.1	12.87	12.41	9.18	7.89
EBITDA, 2 Yr. CAGR %	13.84	20.23	17.01	11.1	8.37
EBITA, 2 Yr. CAGR %	15.95	23.48	19.74	11.9	8.34
EBIT, 2 Yr. CAGR %	15.95	23.48	19.74	11.9	8.34
Earnings From Cont. Operations, 2 Yr. CAGR %	13	17.1	20.72	11.3	11.6
Net Income, 2 Yr. CAGR %	13	16.98	20.84	12.1	12.28
Normalized Net Income, 2 Yr. CAGR %	16.19	22.82	21.02	15.55	11.43
Diluted EPS Before Extra, 2 Yr. CAGR %	12.79	16.81	20.7	12.09	12.26
Accounts Receivable, 2 Yr. CAGR %	-3.63	8.38	20.24	12.58	10.19
Inventory, 2 Yr. CAGR %	5.3	11.69	20.94	8.23	2.05
Net Property, Plant and Equip., 2 Yr. CAGR %	13.13	14.49	7.38	5.92	6.73
Total Assets, 2 Yr. CAGR %	16.65	14.26	7.47	7.89	4.32
Tangible Book Value, 2 Yr. CAGR %	16.25	4.44	6.59	20.52	7.31
Common Equity, 2 Yr. CAGR %	19.52	7.34	6.25	19.44	6.98
Cash From Operations, 2 Yr. CAGR %	23.88	18.72	-8.66	11.16	23.85
Capital Expenditures, 2 Yr. CAGR %	-2.71	9.4	17.67	9.77	10.02
Levered Free Cash Flow, 2 Yr. CAGR %	42.08	33.28	-32.3	12.11	37.74
Unlevered Free Cash Flow, 2 Yr. CAGR %	40.78	32.45	-31.54	11.77	36.53
Dividend Per Share, 2 Yr. CAGR %	12.32	10.51	11.89	13.52	13.58
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.93	11.44	14.12	13.26	9.1
Gross Profit, 3 Yr. CAGR %	8.56	11.07	11.64	11.31	8.33
EBITDA, 3 Yr. CAGR %	11.84	15.02	15.88	14.33	10.36
EBITA, 3 Yr. CAGR %	13.58	17.26	18.05	16.1	10.98
EBIT, 3 Yr. CAGR %	13.58	17.26	18.05	16.1	10.98
Earnings From Cont. Operations, 3 Yr. CAGR %	14.36	16.9	16.89	15.73	13.2
Net Income, 3 Yr. CAGR %	14.31	16.9	16.89	16.28	13.74
Normalized Net Income, 3 Yr. CAGR %	13.99	17.45	18.08	18.94	13.57
Diluted EPS Before Extra, 3 Yr. CAGR %	14.05	16.71	16.74	16.22	13.69
Accounts Receivable, 3 Yr. CAGR %	2.67	2.61	13.44	13.81	14.7
Inventory, 3 Yr. CAGR %	7.57	8.79	16.26	10.8	9.47
Net Property, Plant and Equip., 3 Yr. CAGR %	11.52	11.64	11.61	6.85	6.51
Total Assets, 3 Yr. CAGR %	15.19	13.23	12.22	7.49	5.62
Tangible Book Value, 3 Yr. CAGR %	17.08	8.98	8.96	11.64	10.95
Common Equity, 3 Yr. CAGR %	19.26	11.13	10.64	11.08	10.38
Cash From Operations, 3 Yr. CAGR %	9.62	15.77	5.16	7.7	8.17
Capital Expenditures, 3 Yr. CAGR %	3.95	6.52	9.08	15.44	9.49
Levered Free Cash Flow, 3 Yr. CAGR %	12.51	20.32	-4.22	3.12	0.95
Unlevered Free Cash Flow, 3 Yr. CAGR %	12.38	19.76	-4	3.06	0.92
Dividend Per Share, 3 Yr. CAGR %	12.43	11.67	11.47	12.46	13.52
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.49	10.54	11.96	11.34	10.75
Gross Profit, 5 Yr. CAGR %	7.7	9.8	9.97	10.31	10.12
EBITDA, 5 Yr. CAGR %	10.05	12.82	12.08	12.33	13.09
EBITA, 5 Yr. CAGR %	10.69	14.49	13.65	13.68	14.41
EBIT, 5 Yr. CAGR %	10.69	14.49	13.65	13.68	14.41
Earnings From Cont. Operations, 5 Yr. CAGR %	11	16.41	16.86	14.63	14.74
Net Income, 5 Yr. CAGR %	10.98	16.33	16.88	14.96	15.02
Normalized Net Income, 5 Yr. CAGR %	10.68	14.63	14.17	15.23	15.72
Diluted EPS Before Extra, 5 Yr. CAGR %	10.93	16.16	16.66	14.84	14.93
Accounts Receivable, 5 Yr. CAGR %	7	7.57	9.37	6.48	12.13
Inventory, 5 Yr. CAGR %	6.56	9.65	12.73	8.57	10.35
Net Property, Plant and Equip., 5 Yr. CAGR %	10.34	9.95	9.84	9.32	9.63
Total Assets, 5 Yr. CAGR %	10.97	12.31	12.04	11.06	8.99
Tangible Book Value, 5 Yr. CAGR %	10.25	6.52	12.76	13.46	8.3
Common Equity, 5 Yr. CAGR %	11.48	7.78	13.88	14.38	9.16
Cash From Operations, 5 Yr. CAGR %	15.64	22.17	1.91	13.9	12.27
Capital Expenditures, 5 Yr. CAGR %	3.26	6.26	9.23	7.8	9.46
Levered Free Cash Flow, 5 Yr. CAGR %	20.86	65.91	-9.48	15.57	11.47
Unlevered Free Cash Flow, 5 Yr. CAGR %	20.42	60	-9.11	15.13	11.2
Dividend Per Share, 5 Yr. CAGR %	12.33	11.88	12.21	12.4	12.31