Costco Wholesale Corp. (COST)

Income Statement

Difficulty: Beginner

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 2, 2018		Sep 3, 2017		Aug 28, 2016		Aug 30, 2015		Aug 31, 2014		Sep 1, 2013
	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

Based on: 10-K (filing date: 2018-10-26), 10-K (filing date: 2017-10-18), 10-K (filing date: 2016-10-12), 10-K (filing date: 2015-10-14), 10-K (filing date: 2014-10-15), 10-K (filing date: 2013-10-16).

Item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Costco Wholesale Corp.’s net sales increased from 2016 to 2017 and from 2017 to 2018.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Costco Wholesale Corp.’s operating income increased from 2016 to 2017 and from 2017 to 2018.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Costco Wholesale Corp.’s income before income taxes increased from 2016 to 2017 and from 2017 to 2018.
Net income attributable to Costco	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Costco Wholesale Corp.’s net income attributable to Costco increased from 2016 to 2017 and from 2017 to 2018.

	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