Stock Analysis on Net
Stock Analysis on Net

Costco Wholesale Corp. (NASDAQ:COST)

Common-Size Income Statement
Quarterly Data

Beginner level

Costco Wholesale Corp., common-size consolidated income statement (quarterly data)

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3 months ended: May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018 Sep 2, 2018 May 13, 2018 Feb 18, 2018 Nov 26, 2017 Sep 3, 2017 May 7, 2017 Feb 12, 2017 Nov 20, 2016 Aug 28, 2016 May 8, 2016 Feb 14, 2016 Nov 22, 2015 Aug 30, 2015 May 10, 2015 Feb 15, 2015 Nov 23, 2014 Aug 31, 2014 May 11, 2014 Feb 16, 2014 Nov 24, 2013
Net sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Merchandise costs -88.47 -89.02 -88.95 -88.94 -89.01 -88.71 -89.25 -89.07 -88.95 -89.01 -88.75 -88.73 -88.50 -89.00 -88.42 -88.58 -88.57 -88.76 -88.71 -88.86 -88.91 -88.93 -88.97 -89.30 -89.38 -89.47 -89.19
Gross margin 11.53% 10.98% 11.05% 11.06% 10.99% 11.29% 10.75% 10.93% 11.05% 10.99% 11.25% 11.27% 11.50% 11.00% 11.58% 11.42% 11.43% 11.24% 11.29% 11.14% 11.09% 11.07% 11.03% 10.70% 10.62% 10.53% 10.81%
Membership fees 2.24 2.13 2.22 2.26 2.28 2.22 2.21 2.30 2.33 2.22 2.22 2.28 2.28 2.18 2.29 2.33 2.36 2.19 2.23 2.24 2.29 2.17 2.21 2.21 2.22 2.14 2.24
Selling, general and administrative -10.51 -9.78 -10.30 -10.08 -9.93 -10.00 -10.13 -9.82 -9.98 -10.02 -10.36 -9.97 -10.30 -10.23 -10.70 -10.34 -10.44 -10.28 -10.54 -10.00 -10.11 -9.94 -10.26 -9.73 -9.86 -9.83 -10.22
Preopening expenses -0.02 -0.02 -0.04 -0.09 -0.04 -0.03 -0.06 -0.07 -0.03 -0.04 -0.05 -0.07 -0.05 -0.05 -0.08 -0.07 -0.07 -0.04 -0.10 -0.08 -0.05 -0.03 -0.06 -0.04 -0.06 -0.03 -0.10
Operating income 3.23% 3.31% 2.93% 3.15% 3.30% 3.47% 2.77% 3.33% 3.37% 3.15% 3.06% 3.51% 3.43% 2.90% 3.09% 3.33% 3.28% 3.11% 2.88% 3.30% 3.22% 3.26% 2.93% 3.14% 2.92% 2.81% 2.73%
Interest expense -0.10 -0.09 -0.10 -0.10 -0.10 -0.10 -0.10 -0.11 -0.12 -0.11 -0.12 -0.13 -0.07 -0.11 -0.11 -0.11 -0.11 -0.11 -0.12 -0.11 -0.12 -0.10 -0.10 -0.10 -0.10 -0.10 -0.11
Interest income and other, net 0.06 0.12 0.10 0.16 0.11 0.13 0.06 0.12 0.13 0.02 0.07 0.05 0.06 -0.01 0.09 0.08 0.03 0.06 0.11 0.11 0.04 0.07 0.13 0.09 0.05 0.12 0.07
Other income (expense) -0.04% 0.03% -0.01% 0.06% 0.00% 0.03% -0.04% 0.01% 0.01% -0.09% -0.05% -0.07% -0.01% -0.12% -0.01% -0.03% -0.09% -0.05% -0.02% 0.00% -0.09% -0.03% 0.03% -0.01% -0.05% 0.02% -0.04%
Income before income taxes 3.19% 3.34% 2.92% 3.21% 3.31% 3.51% 2.73% 3.34% 3.39% 3.05% 3.01% 3.43% 3.42% 2.78% 3.08% 3.31% 3.19% 3.05% 2.86% 3.30% 3.13% 3.24% 2.96% 3.12% 2.87% 2.83% 2.69%
Provision for income taxes -0.85 -0.86 -0.56 -0.82 -0.61 -0.91 -0.46 -0.91 -0.98 -0.85 -0.92 -1.18 -0.92 -0.99 -1.06 -1.11 -1.09 -1.04 -1.03 -1.08 -1.10 -0.98 -1.04 -1.10 -0.97 -0.99 -0.93
Net income including noncontrolling interests 2.34% 2.48% 2.36% 2.39% 2.70% 2.60% 2.26% 2.43% 2.41% 2.21% 2.09% 2.25% 2.50% 1.79% 2.02% 2.20% 2.10% 2.01% 1.83% 2.22% 2.03% 2.26% 1.92% 2.03% 1.90% 1.84% 1.76%
Net income attributable to noncontrolling interests -0.04 -0.04 -0.03 -0.03 -0.03 -0.03 -0.03 -0.02 -0.04 -0.04 -0.04 -0.03 -0.02 -0.02 -0.04 -0.02 -0.02 -0.03 -0.03 -0.03 -0.01 -0.03 -0.03 -0.02 -0.02 -0.04 -0.02
Net income attributable to Costco 2.30% 2.43% 2.33% 2.36% 2.67% 2.57% 2.24% 2.40% 2.37% 2.17% 2.06% 2.22% 2.48% 1.77% 1.98% 2.18% 2.08% 1.98% 1.80% 2.19% 2.02% 2.23% 1.89% 2.01% 1.87% 1.80% 1.74%

Based on: 10-Q (filing date: 2020-06-04), 10-Q (filing date: 2020-03-12), 10-Q (filing date: 2019-12-23), 10-K (filing date: 2019-10-11), 10-Q (filing date: 2019-06-06), 10-Q (filing date: 2019-03-13), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-26), 10-Q (filing date: 2018-06-07), 10-Q (filing date: 2018-03-15), 10-Q (filing date: 2017-12-21), 10-K (filing date: 2017-10-18), 10-Q (filing date: 2017-06-01), 10-Q (filing date: 2017-03-09), 10-Q (filing date: 2016-12-16), 10-K (filing date: 2016-10-12), 10-Q (filing date: 2016-06-01), 10-Q (filing date: 2016-03-09), 10-Q (filing date: 2015-12-18), 10-K (filing date: 2015-10-14), 10-Q (filing date: 2015-06-04), 10-Q (filing date: 2015-03-11), 10-Q (filing date: 2014-12-18), 10-K (filing date: 2014-10-15), 10-Q (filing date: 2014-06-05), 10-Q (filing date: 2014-03-14), 10-Q (filing date: 2013-12-20).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Costco Wholesale Corp.’s operating income as a percentage of net sales increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Costco Wholesale Corp.’s income before income taxes as a percentage of net sales increased from Q1 2020 to Q2 2020 but then slightly decreased from Q2 2020 to Q3 2020.
Net income attributable to Costco The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Costco Wholesale Corp.’s net income attributable to Costco as a percentage of net sales increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.