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Costco Wholesale Corp. (COST)

Statement of Financial Position, Assets
Quarterly Data

Difficulty: Beginner

  • Annual Data
  • Quarterly Data

    • The statement of financial position 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 Statement of Financial Position, Assets (quarterly data)

    USD $ in millions

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    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 Sep 1, 2013 May 12, 2013 Feb 17, 2013 Nov 25, 2012 Sep 2, 2012 May 6, 2012 Feb 12, 2012 Nov 20, 2011
    Cash and cash equivalents 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  4,644  5,448  4,413  3,897  3,528  4,791  4,389  4,319 
    Short-term investments 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  1,480  1,062  1,238  1,679  1,326  1,185  1,396  1,596 
    Receivables, net 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  1,201  1,134  1,300  1,175  1,026  1,018  1,092  982 
    Merchandise inventories 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  7,894  7,635  7,582  8,152  7,096  7,044  6,934  7,618 
    Other current assets 430  397  240  272  333  368  235  268  294  313  834  748  765  760  645  669  660  641  552  621  584  577  502  550  553  549  478 
    Current assets 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  15,840  15,863  15,110  15,405  13,526  14,591  14,360  14,993 
    Land 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  4,409  4,343  4,236  4,135  4,032  3,950  3,893  3,816 
    Buildings and improvements 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  11,556  11,377  11,196  11,111  10,879  10,639  10,491  10,291 
    Equipment and fixtures 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  4,472  4,517  4,451  4,365  4,261  4,206  4,116  4,053 
    Construction in progress 1,070  909  812  843  803  697  816  701  707  727  647  811  733  607  499  592  615  597  544  585  400  436  412  374  244  287  279 
    Property and equipment, gross 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  21,022  20,637  20,319  20,023  19,546  19,039  18,787  18,439 
    Accumulated depreciation and amortization (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) (7,141) (7,091) (6,933) (6,772) (6,585) (6,443) (6,268) (6,058)
    Net property and equipment 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  13,881  13,546  13,386  13,251  12,961  12,596  12,519  12,381 
    Other assets 734  755  799  869  840  828  806  902  840  794  726  740  774  670  659  606  585  584  592  562  597  593  667  653  649  632  630 
    Non-current assets 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  14,443  14,143  13,979  13,918  13,614  13,245  13,151  13,011 
    Total assets 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  30,283  30,006  29,089  29,323  27,140  27,836  27,511  28,004 
    Source: Costco Wholesale Corp., Quarterly and Annual Reports
    Item Description The company
    Cash and cash equivalents Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Costco Wholesale Corp.'s cash and cash equivalents declined from Q1 2018 to Q2 2018 but then increased from Q2 2018 to Q3 2018 exceeding Q1 2018 level.
    Short-term investments Investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed. Costco Wholesale Corp.'s short-term investments declined from Q1 2018 to Q2 2018 but then increased from Q2 2018 to Q3 2018 not reaching Q1 2018 level.
    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 2018 to Q2 2018 but then slightly declined from Q2 2018 to Q3 2018 not reaching Q1 2018 level.
    Merchandise inventories Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Costco Wholesale Corp.'s merchandise inventories declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
    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 declined from Q1 2018 to Q2 2018 but then increased from Q2 2018 to Q3 2018 not reaching Q1 2018 level.
    Net property and equipment Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Costco Wholesale Corp.'s net property and equipment increased from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
    Non-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 after one year or beyond the normal operating cycle, if longer. Costco Wholesale Corp.'s non-current assets increased from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
    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 declined from Q1 2018 to Q2 2018 but then increased from Q2 2018 to Q3 2018 exceeding Q1 2018 level.