Stock Analysis on Net
Stock Analysis on Net

Costco Wholesale Corp. (NASDAQ:COST)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Costco Wholesale Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
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
Cash and cash equivalents 10,826  7,786  9,027  8,384  7,013  6,080  6,778  6,055  5,877  4,781  5,689  4,546  4,538  4,744  4,805  3,379  4,884  3,633  5,054  4,801  5,063  5,866  5,969  5,738  5,736  5,130  4,699 
Short-term investments 948  929  993  1,060  1,154  1,042  1,175  1,204  1,167  1,049  1,196  1,233  1,187  1,221  1,311  1,350  1,137  1,222  1,229  1,618  1,742  1,587  1,650  1,577  1,539  1,352  1,740 
Receivables, net 1,507  1,988  1,711  1,535  1,704  1,995  1,795  1,669  1,593  2,001  1,559  1,432  1,462  1,597  1,498  1,252  1,300  1,453  1,359  1,224  1,195  1,287  1,248  1,148  1,115  1,244  1,145 
Merchandise inventories 11,010  11,850  13,818  11,395  11,304  11,356  12,205  11,040  10,626  10,671  11,213  9,834  9,736  9,530  10,721  8,969  8,927  8,908  10,382  8,908  8,869  8,558  9,644  8,456  8,483  8,267  9,337 
Other current assets 963  1,150  1,094  1,111  1,110  1,175  1,001  321  430  397  240  272  333  368  235  268  294  313  834  748  765  760  645  669  660  641  552 
Current assets 25,254  23,703  26,643  23,485  22,285  21,648  22,954  20,289  19,693  18,899  19,897  17,317  17,256  17,460  18,570  15,218  16,542  15,529  18,858  17,299  17,634  18,058  19,156  17,588  17,533  16,634  17,473 
Land 6,684  6,696  6,533  6,417  6,310  6,300  6,211  6,193  6,093  6,129  5,915  5,690  5,505  5,436  5,389  5,395  5,266  5,140  5,079  4,961  4,971  4,907  4,697  4,716  4,632  4,576  4,530 
Buildings and improvements 17,800  17,853  17,732  17,136  16,644  16,533  16,355  16,107  15,786  15,740  15,523  15,127  14,509  14,395  14,060  13,994  13,645  13,212  13,150  12,618  12,466  12,354  12,541  12,522  12,212  11,982  11,913 
Equipment and fixtures 8,549  8,406  8,243  7,801  7,858  7,704  7,448  7,274  7,161  7,025  6,859  6,681  6,507  6,363  6,173  6,077  5,834  5,623  5,480  5,274  5,145  5,016  5,022  4,845  4,808  4,679  4,600 
Construction in progress 1,073  906  803  1,272  1,412  1,165  1,130  1,140  1,070  909  812  843  803  697  816  701  707  727  647  811  733  607  499  592  615  597  544 
Property and equipment, gross 34,106  33,861  33,311  32,626  32,224  31,702  31,144  30,714  30,110  29,803  29,109  28,341  27,324  26,891  26,438  26,167  25,452  24,702  24,356  23,664  23,315  22,884  22,759  22,675  22,267  21,834  21,587 
Accumulated depreciation and amortization (12,579) (12,380) (12,074) (11,736) (11,749) (11,557) (11,265) (11,033) (10,932) (10,754) (10,427) (10,180) (9,789) (9,549) (9,282) (9,124) (8,961) (8,637) (8,489) (8,263) (8,232) (8,012) (7,961) (7,845) (7,684) (7,486) (7,333)
Net property and equipment 21,527  21,481  21,237  20,890  20,475  20,145  19,879  19,681  19,178  19,049  18,682  18,161  17,535  17,342  17,156  17,043  16,491  16,065  15,867  15,401  15,083  14,872  14,798  14,830  14,583  14,348  14,254 
Operating lease right-of-use assets 2,749  2,596  2,597  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other long-term assets 2,202  1,002  954  1,025  992  1,006  981  860  734  755  799  869  840  828  806  902  840  794  726  740  774  670  659  606  585  584  592 
Other assets 4,951  3,598  3,551  1,025  992  1,006  981  860  734  755  799  869  840  828  806  902  840  794  726  740  774  670  659  606  585  584  592 
Long-term assets 26,478  25,079  24,788  21,915  21,467  21,151  20,860  20,541  19,912  19,804  19,481  19,030  18,375  18,170  17,962  17,945  17,331  16,859  16,593  16,141  15,857  15,542  15,457  15,436  15,168  14,932  14,846 
Total assets 51,732  48,782  51,431  45,400  43,752  42,799  43,814  40,830  39,605  38,703  39,378  36,347  35,631  35,630  36,532  33,163  33,873  32,388  35,451  33,440  33,491  33,600  34,613  33,024  32,701  31,566  32,319 

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Costco Wholesale Corp.’s current assets decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 not reaching Q1 2020 level.
Net property and equipment Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Costco Wholesale Corp.’s net property and equipment increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Costco Wholesale Corp.’s long-term assets increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Costco Wholesale Corp.’s total assets decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Costco Wholesale Corp.’s cash and cash equivalents decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Costco Wholesale Corp.’s short-term investments decreased from Q1 2020 to Q2 2020 but then slightly increased from Q2 2020 to Q3 2020.
Receivables, net The total amount due to the entity within one year of the balance sheet date (or one operating cycle, if longer) from outside sources, including trade accounts receivable, notes and loans receivable, as well as any other types of receivables, net of allowances established for the purpose of reducing such receivables to an amount that approximates their net realizable value. Costco Wholesale Corp.’s receivables, net increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.
Merchandise inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Costco Wholesale Corp.’s merchandise inventories decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.