Income Statement
Balance Sheet
Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Sep. 01, 2024
Sep. 03, 2023
Aug. 28, 2022
REVENUE      
Total revenue $ 254,453 $ 242,290 $ 226,954
OPERATING EXPENSES      
Merchandise costs 222,358 212,586 199,382
Selling, general and administrative 22,810 21,590 19,779
Operating income 9,285 8,114 7,793
OTHER INCOME (EXPENSE)      
Interest expense (169) (160) (158)
Interest income and other, net 624 533 205
INCOME BEFORE INCOME TAXES 9,740 8,487 7,840
Provision for income taxes 2,373 2,195 1,925
Net income including noncontrolling interests 7,367 6,292 5,915
Net income attributable to noncontrolling interests 0 0 (71)
NET INCOME ATTRIBUTABLE TO COSTCO $ 7,367 $ 6,292 $ 5,844
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:      
Basic $ 16.59 $ 14.18 $ 13.17
Diluted $ 16.56 $ 14.16 $ 13.14
Shares used in calculation (000's)      
Basic 443,914 443,854 443,651
Diluted 444,759 444,452 444,757
Net sales      
REVENUE      
Total revenue $ 249,625 $ 237,710 $ 222,730
Membership fees      
REVENUE      
Total revenue $ 4,828 $ 4,580 $ 4,224
Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 01, 2024
Sep. 03, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 9,906 $ 13,700
Short-term investments 1,238 1,534
Receivables, net 2,721 2,285
Merchandise inventories 18,647 16,651
Other current assets 1,734 1,709
Total current assets 34,246 35,879
OTHER ASSETS    
Property and equipment, net 29,032 26,684
Operating lease right-of-use assets 2,617 2,713
Other long-term assets 3,936 3,718
Total assets 69,831 68,994
CURRENT LIABILITIES    
Accounts payable 19,421 17,483
Accrued salaries and benefits 4,794 4,278
Accrued member rewards 2,435 2,150
Deferred membership fees 2,501 2,337
Current portion of long-term debt [1] 103 1,081
Other current liabilities 6,210 6,254
Total current liabilities 35,464 33,583
OTHER LIABILITIES    
Long-term debt, excluding current portion 5,794 5,377
Long-term operating lease liabilities 2,375 2,426
Other long-term liabilities 2,576 2,550
TOTAL LIABILITIES 46,209 43,936
EQUITY    
Preferred stock $.005 par value; 100,000,000 shares authorized; no shares issued and outstanding 0 0
Common Stock $.005 par value; 900,000,000 shares authorized; 443,126,000 and 442,793,000 shares issued and outstanding 2 2
Additional paid-in capital 7,829 7,340
Accumulated other comprehensive loss (1,828) (1,805)
Retained earnings 17,619 19,521
TOTAL EQUITY 23,622 25,058
TOTAL LIABILITIES AND EQUITY $ 69,831 $ 68,994
[1] Net of unamortized debt discounts and issuance costs.