Stock Analysis on Net
Stock Analysis on Net

Costco Wholesale Corp. (NASDAQ:COST)

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Costco Wholesale Corp., consolidated cash flow statement (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
3 months ended: Aug 29, 2021 May 9, 2021 Feb 14, 2021 Nov 22, 2020 Aug 30, 2020 May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018 Sep 2, 2018 May 13, 2018 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
Net income including noncontrolling interests 1,694  1,233  971  1,181  1,404  852  947  856  1,110  916  901  777  1,053  762  713  651  932  706  521  555  785  549  555  487 
Depreciation and amortization 559  402  416  404  505  382  389  369  473  336  352  331  431  327  344  335  441  320  312  297  408  291  285  271 
Non-cash lease expense 97  65  61  63  78  39  38  39  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Stock-based compensation 115  87  122  341  111  89  118  301  113  93  119  270  113  85  112  234  110  82  111  211  97  75  101  186 
Other non-cash operating activities, net 66  25  (4) (2) 65  (37) (2) 16  (1) 10  (4) (3) (13) 15  (5) 52  (17) 41  (90) (8) 20  (1) (68)
Deferred income taxes 75  (12) (9) 109  (6) (4) 180  (6) (31) (28) 43  (62) (2) (76) (4) 49  111  173  (17)
Merchandise inventories (361) (51) 1,100  (2,580) (1,056) 659  1,990  (2,384) (127) 40  875  (1,324) (485) (26) 613  (1,415) 58  (217) 1,248  (1,983) (33) 106  1,375  (1,473)
Accounts payable 582  1,065  (2,594) 2,785  2,832  (34) (3,201) 2,664  322  684  (2,506) 1,822  401  674  (1,572) 2,058  24  655  (2,128) 3,707  (1,484) 434  (1,917) 1,435 
Other operating assets and liabilities, net 113  502  (22) 464  194  (46) 344  236  223  38  26  336  72  253  (54) 150  293  75  392  47  (45) 211  391  (10)
Changes in operating assets and liabilities 334  1,516  (1,516) 669  1,970  579  (867) 516  418  762  (1,605) 834  (12) 901  (1,013) 793  375  513  (488) 1,771  (1,562) 751  (151) (48)
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities 1,246  2,100  (933) 1,466  2,838  1,046  (328) 1,246  1,183  1,189  (1,120) 1,400  501  1,343  (604) 1,355  902  900  (28) 2,238  (954) 1,310  236  324 
Net cash provided by operating activities 2,940  3,333  38  2,647  4,242  1,898  619  2,102  2,293  2,105  (219) 2,177  1,554  2,105  109  2,006  1,834  1,606  493  2,793  (169) 1,859  791  811 
Purchases of short-term investments (529) (418) (111) (273) (592) (398) (315) (321) (341) (296) (141) (316) (381) (272) (135) (272) (378) (276) (223) (402) (645) (288) (302) (197)
Maturities of short-term investments 491  132  339  484  529  372  380  397  431  179  281  340  335  155  277  311  339  312  318  416  441  382  302  584 
Additions to property and equipment (1,094) (1,028) (573) (893) (852) (698) (545) (715) (1,009) (672) (587) (730) (1,056) (585) (508) (820) (779) (540) (516) (667) (849) (461) (624) (715)
Acquisitions —  —  —  —  (30) (1,133) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other investing activities, net (23) (29) (10) —  10  (1) 15  13  (31) (7) (4) 24  (2) 28  (1) (4)
Net cash used in investing activities (1,155) (1,343) (355) (682) (941) (1,850) (470) (630) (920) (774) (434) (737) (1,095) (694) (373) (785) (816) (498) (397) (655) (1,025) (368) (620) (332)
Change in bank payments outstanding 187  68  (107) 40  282  (128) (139) 122  44  (96) 69  193  103  10  (410) 377  29  (94) (178) 208  19  (126) (20)
Repayments of short-term borrowings —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (4) (102) —  — 
Proceeds from short-term borrowings 41  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  16  83 
Proceeds from issuance of long-term debt —  —  —  —  —  3,992  —  —  298  —  —  —  —  —  —  —  3,782  —  —  —  91  94  —  — 
Repayments of long-term debt (94) —  —  —  (1,500) (500) (1,200) —  —  —  —  (89) (28) —  —  (58) (1,100) (1,100) —  —  (88) —  (1,200) — 
Tax withholdings on stock-based awards —  (1) —  (311) (2) (1) (1) (326) (1) (1) —  (270) —  (1) —  (216) —  (1) —  (201) (1) —  —  (219)
Repurchases of common stock (129) (181) (106) (80) (85) (34) (47) (30) (52) (46) (117) (32) (90) (54) (60) (124) (233) (46) (68) (122) (136) (137) (71) (142)
Cash dividend payments (698) (310) (4,430) (310) (619) (287) —  (573) (286) (251) —  (501) (250) (219) (220) —  (3,508) (198) —  (198) (394) (176) (176) — 
Other financing activities, net (26) (7) (39) (43) (5) (29) (4) (3) (1) (1) (2) (2) —  (37) (25) —  (3) 39  (11) (2) (6) 74 
Net cash provided by (used in) financing activities (719) (419) (4,650) (700) (1,918) 2,999  (1,392) (836) (1) (397) (49) (700) (267) (266) (690) (58) (1,077) (1,316) (165) (660) (331) (301) (1,563) (224)
Effect of exchange rate changes on cash and cash equivalents (34) 18  14  48  68  (7) (1) (1) (17) (14) (49) 46  (20) 67  (52) 20  61  (29) (2)
Net change in cash and cash equivalents 1,032  1,589  (4,953) 1,313  1,451  3,040  (1,241) 643  1,371  933  (698) 723  178  1,096  (908) 1,143  (206) (61) 1,426  (1,505) 1,251  (1,421) 253 

Based on: 10-K (filing date: 2021-10-06), 10-Q (filing date: 2021-06-03), 10-Q (filing date: 2021-03-10), 10-Q (filing date: 2020-12-16), 10-K (filing date: 2020-10-07), 10-Q (filing date: 2020-06-04), 10-Q (filing date: 2020-03-12), 10-Q (filing date: 2019-12-23), 10-K (filing date: 2019-10-11), 10-Q (filing date: 2019-06-06), 10-Q (filing date: 2019-03-13), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-26), 10-Q (filing date: 2018-06-07), 10-Q (filing date: 2018-03-15), 10-Q (filing date: 2017-12-21), 10-K (filing date: 2017-10-18), 10-Q (filing date: 2017-06-01), 10-Q (filing date: 2017-03-09), 10-Q (filing date: 2016-12-16), 10-K (filing date: 2016-10-12), 10-Q (filing date: 2016-06-01), 10-Q (filing date: 2016-03-09), 10-Q (filing date: 2015-12-18).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Costco Wholesale Corp.’s net cash provided by operating activities increased from Q2 2021 to Q3 2021 but then slightly decreased from Q3 2021 to Q4 2021.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Costco Wholesale Corp.’s net cash used in investing activities decreased from Q2 2021 to Q3 2021 but then slightly increased from Q3 2021 to Q4 2021.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Costco Wholesale Corp.’s net cash provided by (used in) financing activities increased from Q2 2021 to Q3 2021 but then slightly decreased from Q3 2021 to Q4 2021.