Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Costco Wholesale Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2025-05-11), 10-Q (reporting date: 2025-02-16), 10-Q (reporting date: 2024-11-24), 10-K (reporting date: 2024-09-01), 10-Q (reporting date: 2024-05-12), 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25).
- Accounts payable
- Accounts payable as a percentage of total liabilities and equity demonstrates fluctuating trends, initially declining from 29.97% in late 2018 to around 20.9% in early 2020, followed by rebounds reaching above 27% in late 2021 and stabilizing near 26% in the most recent periods of 2024 and 2025. This indicates variable supplier credit utilization over time with partial recovery after a dip during the early pandemic period.
- Accrued salaries and benefits
- This item oscillates moderately between 5.96% and 7.52%, with no clear upward or downward trend. Peaks occur sporadically, for instance 7.52% in early 2021 and 7.24% in early 2024, implying consistent fluctuations in employee obligations relative to total financing.
- Accrued member rewards
- Accrued member rewards show a steady gradual increase from approximately 2.46% in late 2018 to a recent range of about 3.3–3.4% by 2024, reflecting an expanding accumulation of customer incentives relative to total liabilities and equity.
- Deferred membership fees
- Deferred membership fees remain relatively stable, fluctuating narrowly between 3.3% and 4.05%, without pronounced trends, suggesting stable deferred revenue from memberships across the periods analyzed.
- Current portion of long-term debt
- Values are primarily low and occasionally missing; however, there is a notable reduction from above 3% in 2019 to consistently below 2% from 2020 onward, indicating a decline in current maturities of long-term debt relative to total financing.
- Other current liabilities
- Other current liabilities show variable behavior with a significant peak at 14.17% in late 2020 but generally hover between 6.7% and around 10%, reflecting episodic increases in miscellaneous short-term obligations.
- Current liabilities (total)
- Current liabilities display a decreasing trend from over 51% in 2018-2019 to a low near 44% in 2020, followed by a recovery peaking again above 52% in early 2024. This volatility reflects shifts in short-term liabilities possibly influenced by external economic factors including the pandemic impacts.
- Long-term debt, excluding current portion
- Long-term debt shows a decline from about 14.79% in late 2018 to under 8% in 2023–2025, indicating a reduction in long-term debt load relative to total liabilities and equity over the analyzed timeframe.
- Long-term operating lease liabilities
- Beginning data appears from mid-2019 showing a slow downward trajectory from approximately 4.75% to around 3.12%-3.26%, implying gradual reduction in lease obligations categorized as long-term liabilities.
- Other long-term liabilities
- Other long-term liabilities remain relatively stable between approximately 2.7% and 4.1%, with slight fluctuations, indicating a consistent level of additional long-term obligations.
- Other liabilities
- The category of other liabilities exhibits a declining trend from nearly 18% in 2018 to approximately 14.3% in 2025, reflecting a decrease in unspecified liabilities relative to total financing.
- Total liabilities
- Total liabilities as a percentage of total liabilities and equity decrease from roughly 69% in 2018 to about 64% in 2025, indicating a gradual shift toward relatively greater equity financing over the time period analyzed.
- Common stock $.005 par value
- Common stock remains negligible and constant near zero throughout, suggesting no significant changes or reissuances in share capital reflected directly in this percentage metric.
- Additional paid-in capital
- Additional paid-in capital declines from about 14.5% in 2019 to around 10.7%-11% in 2024-2025, representing a reduction in contributed capital relative to total liabilities and equity.
- Accumulated other comprehensive loss
- This item remains negative throughout, fluctuating mildly around -2.5% to -3%, without a clear trend indicating persistent comprehensive losses impacting equity.
- Retained earnings
- Retained earnings display a general increase from about 19% in late 2018 to nearly 28% by 2023-2025, highlighting growing accumulated profitability contributing to equity.
- Total Costco stockholders’ equity
- Stockholders’ equity fluctuates between approximately 24.7% and 35.9%, mostly trending upward after an initial dip around 2020, indicating a strengthening in equity proportion of the capital structure in recent years.
- Noncontrolling interests
- Noncontrolling interests are minimal, varying near zero to just under 1%, and missing in later periods, signifying negligible influence of minority ownership stakes on total financing.
- Total equity
- Total equity percentage rises from about 30.8% in 2018 up to levels exceeding 35% around 2023, though it dips near 31% in early 2024 before recovering, consistent with strengthening equity financing relative to liabilities.
- Total liabilities and equity
- Always summing to 100%, confirming that the analyzed percentages fully allocate total financing between liabilities and equity components.