Costco Wholesale Corp. (COST)

Income Statement

Difficulty: Beginner

Annual Data

Quarterly Data

The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Costco Wholesale Corp., Consolidated Income Statement

USD $ in millions

	12 months ended	Sep 3, 2017		Aug 28, 2016		Aug 30, 2015		Aug 31, 2014		Sep 1, 2013		Sep 2, 2012
	Net sales
	Merchandise costs
	Gross margin
	Membership fees
	Selling, general and administrative
	Preopening expenses
	Operating income
	Interest expense
	Interest income
	Foreign-currency transactions gains (losses), net
	Other, net
	Interest income and other, net
	Other income (expense)
	Income before income taxes
	Provision for income taxes
	Net income including noncontrolling interests
	Net income attributable to noncontrolling interests
	Net income attributable to Costco

Source: Costco Wholesale Corp., Annual Reports

Item	Description	The company
Net sales	Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.	Costco Wholesale Corp.'s net sales increased from 2015 to 2016 and from 2016 to 2017.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Costco Wholesale Corp.'s operating income increased from 2015 to 2016 and from 2016 to 2017.
Income before income taxes	Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest.	Costco Wholesale Corp.'s income before income taxes increased from 2015 to 2016 and from 2016 to 2017.
Net income including noncontrolling interests	The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.	Costco Wholesale Corp.'s net income including noncontrolling interests declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.
Net income attributable to Costco	The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes.	Costco Wholesale Corp.'s net income attributable to Costco declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 level.

	Costco Wholesale Corp.	Other companies (not purchased previously)
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	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality