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., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 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).
The analysis of the quarterly financial data reveals several trends and insights across various asset categories.
- Cash and Cash Equivalents
- There is notable volatility in cash balances over the periods. Initial values fluctuated but generally showed an increasing trend starting around mid-2023, peaking at approximately 17 billion US dollars before experiencing a decline and then rising again towards the latest periods. This pattern may indicate varying liquidity management strategies or cash flow conditions influenced by operating activities.
- Short-term Investments
- Short-term investments exhibit moderate fluctuations without a clear sustained upward or downward trend. Values range roughly between 600 million and 1.5 billion US dollars, suggesting selective adjustments in liquid investment positions during the reporting periods.
- Receivables, Net
- Receivables demonstrate a general upward trajectory, increasing from around 1.7 billion US dollars to over 3.2 billion in the latest quarter. This consistent rise may reflect growth in sales on credit or changes in customer payment terms.
- Merchandise Inventories
- Inventory levels have increased substantially over the periods, rising from approximately 13.8 billion to a peak exceeding 20.9 billion US dollars before retreating slightly. The rise indicates expansion in stock levels potentially due to increased sales demand or inventory buildup, while the slight recent decrease might suggest improved inventory turnover or supply chain adjustments.
- Other Current Assets
- Other current assets display a steady increase over time, growing from about 1.1 billion to nearly 2 billion US dollars. This steady growth indicates accrual of additional short-term assets beyond primary categories, potentially reflecting operational complexity or growth.
- Current Assets
- Aggregate current assets show increasing values with some volatility, rising from approximately 26.6 billion to over 40 billion US dollars at peak, followed by a decrease and subsequent stabilization in the mid-30 billion range. This overall increase is consistent with expansion and growth, tempered by periodic adjustments in liquidity and short-term asset management.
- Property and Equipment, Net
- The net value of property and equipment shows a gradual, consistent increase throughout, from roughly 21.2 billion to over 31.9 billion US dollars. This steady growth suggests ongoing capital investments and asset base expansion.
- Operating Lease Right-of-Use Assets
- Right-of-use assets related to operating leases remain relatively stable, fluctuating around 2.5 to 2.9 billion US dollars. Minor variations indicate steady leasing arrangements without significant new major lease commitments or disposals.
- Other Long-term Assets
- Other long-term assets have grown steadily from under 1 billion to over 4 billion US dollars. This indicates accumulation or acquisition of additional long-term resources or investments, consistent with strategic asset diversification or growth.
- Other Assets
- Other assets show a clear upward trend, increasing from approximately 24.8 billion to nearly 38.7 billion US dollars. This continuous growth signals increasingly significant non-current or miscellaneous asset components contributing to the total asset base.
- Total Assets
- The total assets demonstrate a general upward progression, increasing from about 51.4 billion to above 77 billion US dollars over the periods, though with fluctuations reflecting changes in current and fixed asset classes. This overall asset growth aligns with business expansion and increased operational scale.
In summary, the data indicate consistent asset growth, especially in property, equipment, and inventories, suggesting expansion activities and scaling operations. Liquidity positions, represented by cash and cash equivalents, experience fluctuations but maintain relatively high levels. Increases in receivables and other assets indicate growing operational complexity and potentially expanded customer credit. The balance between current and long-term assets reflects dynamic asset management to support ongoing business needs.