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Statement of Financial Position, Assets Quarterly Data

Difficulty: Beginner

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

 
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
Short-term investments
Receivables, net
Merchandise inventories
Other current assets
Current assets
Land
Buildings and improvements
Equipment and fixtures
Construction in progress
Property and equipment, gross
Accumulated depreciation and amortization
Net property and equipment
Other assets
Non-current assets
Total assets
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 increased from Q4 2017 to Q1 2018 but then slightly declined from Q1 2018 to Q2 2018 not reaching Q4 2017 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 Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.
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 Q4 2017 to Q1 2018 and from Q1 2018 to Q2 2018.
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 increased from Q4 2017 to Q1 2018 but then slightly declined from Q1 2018 to Q2 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 increased from Q4 2017 to Q1 2018 but then slightly declined from Q1 2018 to Q2 2018.
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 Q4 2017 to Q1 2018 and from Q1 2018 to Q2 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 Q4 2017 to Q1 2018 and from Q1 2018 to Q2 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 increased from Q4 2017 to Q1 2018 but then slightly declined from Q1 2018 to Q2 2018.

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