Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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.
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Costco Wholesale Corp. pages available for free this week:
- Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2005
- Analysis of Revenues
- Aggregate Accruals
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Costco Wholesale Corp., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-02-15), 10-Q (reporting date: 2025-11-23), 10-K (reporting date: 2025-08-31), 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).
Over the observed period, the company’s total assets demonstrate a generally increasing trend, albeit with some fluctuations. Initial declines between November 2019 and February 2020 were followed by consistent growth through November 2021. A slight dip occurred in the first half of 2022, before resuming an upward trajectory. Significant asset growth is evident from September 2023 onwards, with a notable increase in November 2023. The most recent periods show continued, substantial asset expansion.
- Cash and Cash Equivalents
- Cash and cash equivalents exhibited volatility throughout the period. A peak was reached in August 2020, followed by a substantial decrease in February 2021. Levels subsequently recovered and remained relatively stable until a significant decline in February 2024. A rebound is observed in the following quarters, culminating in a peak in February 2026.
- Short-Term Investments
- Short-term investments generally remained stable between November 2019 and November 2020, with minor fluctuations. A decrease is observed in February 2021, followed by a period of moderate volatility. A slight increase is noted in May 2025, but levels remain generally lower than earlier periods.
- Receivables, Net
- Receivables, net, consistently increased from November 2019 to February 2022, indicating potential growth in credit sales or extended payment terms. The rate of increase slowed in May 2022, and receivables continued to rise steadily through February 2026, reaching a peak. This suggests a continued reliance on credit transactions.
- Merchandise Inventories
- Merchandise inventories experienced a decrease between November 2019 and May 2020, potentially due to increased sales or supply chain adjustments. Inventory levels then increased significantly, peaking in November 2021. Fluctuations continued, with a decrease in February 2023, followed by a substantial increase in May 2025, indicating potential shifts in inventory management strategies or demand patterns.
- Other Current Assets
- Other current assets demonstrated a consistent upward trend throughout the period, though the rate of increase varied. The most significant growth occurred between February 2023 and February 2026, suggesting an accumulation of short-term, non-inventory assets.
- Property and Equipment, Net
- Property and equipment, net, exhibited a steady, gradual increase over the entire period. This suggests ongoing investment in long-term assets, potentially supporting business expansion. The rate of increase remained relatively consistent, indicating a sustained capital expenditure program.
- Operating Lease Right-of-Use Assets
- Operating lease right-of-use assets remained relatively stable throughout the observed period, with a slight decreasing trend towards the end of the period. This suggests a consistent approach to leasing arrangements, with minimal significant changes in lease obligations.
- Other Long-Term Assets & Other Assets
- Both 'Other long-term assets' and 'Other assets' showed a consistent upward trend, with 'Other assets' exhibiting a more pronounced increase. This suggests a growing accumulation of long-term, non-specified assets, potentially related to investments or intangible assets. The growth in these categories contributed to the overall asset expansion.
In summary, the asset base experienced considerable growth over the period, driven primarily by increases in merchandise inventories, receivables, and other assets. While cash and cash equivalents fluctuated, the overall trend indicates a strengthening financial position. Continued monitoring of these trends is recommended to assess the company’s long-term financial health and strategic direction.