| Sep'19 | Sep'18 | Sep'17 | Aug'16 | Aug'15 | Aug'14 | Aug'13 | Aug'12 | Aug'11 | Aug'10 | Aug'09 | Aug'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||
Net income including noncontrolling interests | |||||||||||
3,704 | 3,179 | 2,714 | 2,376 | 2,409 | 2,088 | 2,061 | 1,767 | 1,542 | 1,323 | 1,099 | 1,295 |
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
1,492 | 1,437 | 1,370 | 1,255 | 1,127 | 1,029 | 946 | 908 | 855 | 795 | 728 | 653 |
Stock-based compensation | |||||||||||
595 | 544 | 514 | 459 | 394 | 327 | 285 | 241 | 207 | 190 | 181 | 166 |
Undistributed equity earnings in joint ventures | |||||||||||
- | - | - | - | - | - | - | - | - | - | 33 | 41 |
Excess tax benefits on stock-based awards | |||||||||||
- | - | - | - | 86 | 84 | 61 | 64 | 45 | 10 | 2 | 41 |
Other non-cash operating activities, net | |||||||||||
-9 | 6 | 14 | 57 | 5 | -22 | 7 | -28 | -23 | 40 | -46 | 4 |
Deferred income taxes | |||||||||||
-147 | 49 | 29 | -269 | 101 | 63 | -7 | 3 | -84 | -7 | -70 | -21 |
Changes in operating assets and liabilities: | |||||||||||
Merchandise inventories | |||||||||||
536 | 1,313 | 894 | 25 | 890 | 563 | 898 | 490 | 642 | 213 | 394 | 192 |
Accounts payable | |||||||||||
322 | 1,561 | 2,258 | -1,532 | 880 | 529 | 718 | 338 | 804 | 445 | 255 | 96 |
Other operating assets and liabilities, net | |||||||||||
-623 | -421 | -807 | -547 | -557 | -699 | -386 | -332 | -370 | -283 | -142 | -245 |
Net cash provided by operating activities | |||||||||||
6,356 | 5,774 | 6,726 | 3,292 | 4,285 | 3,984 | 3,437 | 3,057 | 3,198 | 2,780 | 2,092 | 2,206 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||
Purchases of short-term investments | |||||||||||
1,094 | 1,060 | 1,279 | 1,432 | 1,501 | 2,503 | 2,572 | 2,048 | 3,276 | 2,693 | 1,806 | 1,507 |
Maturities and sales of short-term investments | |||||||||||
1,231 | 1,078 | 1,385 | 1,709 | 1,434 | 2,406 | 2,385 | 2,303 | 2,614 | 1,428 | 1,780 | 1,561 |
Sales of investments | |||||||||||
- | - | - | - | - | - | - | - | 602 | 309 | 183 | 165 |
Additions to property and equipment | |||||||||||
2,998 | 2,969 | 2,502 | 2,649 | 2,393 | 1,993 | 2,083 | 1,480 | 1,290 | 1,055 | 1,250 | 1,599 |
Increase resulting from initial consolidation of Costco Mexico | |||||||||||
- | - | - | - | - | - | - | - | -165 | 0 | 0 | - |
Proceeds from the sale of property and equipment | |||||||||||
- | - | - | - | - | - | - | - | - | 4 | 7 | 48 |
Investments transferred from cash and cash equivalents | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 371 |
Other investing activities, net | |||||||||||
4 | -4 | -30 | -27 | 20 | 3 | -19 | 11 | -5 | 8 | 15 | 14 |
Net cash used in investing activities | |||||||||||
-2,865 | -2,947 | -2,366 | -2,345 | -2,480 | -2,093 | -2,251 | -1,236 | -1,180 | -2,015 | -1,101 | -1,717 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||
Change in bank checks outstanding | |||||||||||
210 | 80 | -236 | 81 | -45 | 96 | -70 | 457 | -514 | 5 | -22 | 49 |
Repayments of short-term borrowings | |||||||||||
- | - | 0 | 106 | 51 | 103 | 287 | 114 | 105 | 73 | 1,777 | 5,163 |
Proceeds from short-term borrowings | |||||||||||
- | - | 0 | 106 | 51 | 68 | 326 | 114 | 79 | 81 | 1,669 | 5,250 |
Proceeds from issuance of long-term debt | |||||||||||
298 | 0 | 3,782 | 185 | 1,125 | 117 | 3,717 | 130 | 0 | 0 | - | 103 |
Repayments of long-term debt | |||||||||||
89 | 86 | 2,200 | 1,288 | 1 | 0 | - | 900 | 0 | 84 | 6 | 69 |
Distribution to noncontrolling interests | |||||||||||
- | - | - | - | - | - | - | -161 | 9 | 0 | -9 | 0 |
Proceeds from exercise of stock options | |||||||||||
- | - | - | - | - | - | - | 109 | 285 | 235 | - | - |
Tax withholdings on stock-based awards | |||||||||||
272 | 217 | 202 | 220 | 178 | 164 | 121 | 107 | 61 | 42 | - | - |
Excess tax benefits on stock-based awards | |||||||||||
- | - | - | - | 86 | 84 | 61 | 64 | 45 | 10 | 2 | 41 |
Proceeds from stock-based awards, net of minimum tax withholdings | |||||||||||
- | - | - | - | - | - | - | - | - | - | 69 | 306 |
Repurchases of common stock | |||||||||||
247 | 328 | 469 | 486 | 481 | 334 | 36 | 632 | 624 | 551 | 69 | 895 |
Cash dividend payments | |||||||||||
1,038 | 689 | 3,904 | 746 | 2,865 | 584 | 3,560 | 446 | 389 | 338 | 296 | 265 |
Purchase of noncontrolling interest in Costco Mexico | |||||||||||
- | - | - | - | - | - | - | 789 | 0 | 0 | - | - |
Other financing activities, net | |||||||||||
-9 | -41 | 11 | 55 | 35 | 34 | 14 | -6 | -2 | 38 | 0 | 0 |
Net cash used in financing activities | |||||||||||
-1,147 | -1,281 | -3,218 | -2,419 | -2,324 | -786 | 44 | -2,281 | -1,277 | -719 | -439 | -643 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | |||||||||||
-15 | -37 | 25 | 50 | -418 | -11 | -114 | -21 | 54 | 11 | -14 | -7 |
Net change in cash and cash equivalents | |||||||||||
2,329 | 1,509 | 1,167 | -1,422 | -937 | 1,094 | 1,116 | -481 | 795 | 57 | 538 | -161 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||||||||||
Interest paid | |||||||||||
141 | 143 | 131 | 123 | 117 | 109 | 86 | 112 | 111 | 110 | 104 | 106 |
Income taxes, net | |||||||||||
1,187 | 1,204 | 1,185 | 953 | 1,186 | 869 | 1,001 | 956 | 742 | 637 | 565 | 615 |
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES: | |||||||||||
Capital Expenditures Incurred but Not yet Paid | |||||||||||
- | - | 0 | 0 | - | - | - | - | - | - | - | - |
Property acquired under a capital lease | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Unsettled repurchases of common stock | |||||||||||
- | - | - | - | - | - | - | - | 17 | 17 | 0 | 12 |
Increase in accrued property and equipment | |||||||||||
- | - | - | - | - | - | - | - | 0 | 24 | 20 | - |
Noncash or Part Noncash Acquisition, Fixed Assets Acquired | |||||||||||
- | - | - | - | 109 | 0 | 11 | - | 0 | 90 | 72 | - |
Common stock issued upon conversion of 3.5% Zero Coupon Convertible Subordinated Notes | |||||||||||
- | - | - | - | - | - | - | - | 2 | - | 19 | 0 |