COSTCO WHOLESALE CORP /NEW COST Cash Flow

Costco wholesale corp /new (COST)

CashFlow / Quarterly

Feb'20	Nov'19	Sep'19	May'19	Feb'19	Nov'18	Sep'18	Apr'18	Feb'18	Nov'17	Sep'17	Apr'17	Jan'17	Nov'16	Aug'16	Apr'16	Jan'16	Nov'15	Aug'14	Apr'14	Feb'14	Nov'13	Aug'13	Apr'13	Feb'13	Nov'12	Aug'12	Apr'12	Jan'12	Nov'11	Aug'11	Apr'11	Feb'11	Nov'10	Aug'10	Apr'10	Jan'10	Nov'09	Aug'09	Apr'09	Feb'09	Nov'08
CASH FLOWS FROM OPERATING ACTIVITIES
Net income including noncontrolling interests
947,000	856,000	1,110,000	916,000	901,000	777,000	1,053,000	762,000	713,000	651,000	932,000	706,000	521,000	555,000	785,000	549,000	555,000	487,000	705,000	479,000	473,000	431,000	622,000	464,000	554,000	421,000	622,000	405,000	412,000	328,000	500,000	341,000	369,000	332,000	437,000	311,000	305,000	270,000	378,000	212,000	243,000	266,000
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:
Depreciation and amortization
389,000	369,000	473,000	336,000	352,000	331,000	431,000	327,000	344,000	335,000	441,000	320,000	312,000	297,000	408,000	291,000	285,000	271,000	321,000	237,000	240,000	231,000	295,000	221,000	217,000	213,000	292,000	202,000	209,000	205,000	273,000	196,000	195,000	191,000	246,000	180,000	185,000	184,000	241,000	171,000	161,000	155,000
Stock-based compensation
118,000	301,000	113,000	93,000	119,000	270,000	113,000	85,000	112,000	234,000	110,000	82,000	111,000	211,000	97,000	75,000	101,000	186,000	76,000	66,000	73,000	112,000	75,000	51,000	66,000	93,000	62,000	45,000	58,000	76,000	55,000	43,000	52,000	57,000	51,000	39,000	48,000	52,000	49,000	43,000	45,000	44,000
Undistributed equity earnings in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	14,000	8,000	11,000	8,000	8,000	6,000
Excess tax benefits on stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	74,000	9,000	6,000	4,000	65,000	3,000	7,000	13,000	38,000	14,000	10,000	4,000	36,000	2,000	15,000	11,000	17,000	1,000	3,000	1,000	5,000	0	0	0	2,000
Other non-cash operating activities, net
2,000	-16,000	1,000	-4,000	-10,000	4,000	3,000	13,000	-15,000	5,000	-52,000	17,000	-41,000	90,000	82,000	-20,000	1,000	-6,000	-3,000	-17,000	6,000	-8,000	0	-5,000	18,000	-6,000	3,000	-12,000	-11,000	-8,000	-7,000	-7,000	-4,000	-5,000	46,000	0	-3,000	-3,000	-109,000	18,000	10,000	35,000
Deferred income taxes
4,000	-5,000	-180,000	6,000	-4,000	31,000	28,000	-43,000	62,000	2,000	76,000	-2,000	4,000	-49,000	-111,000	-173,000	-2,000	17,000	-	-	-	-3,000	8,000	18,000	-35,000	2,000	-4,000	0	-7,000	14,000	-106,000	16,000	1,000	5,000	-7,000	-3,000	1,000	2,000	-68,000	-9,000	10,000	-3,000
Changes in operating assets and liabilities:
Merchandise inventories
-1,990,000	2,384,000	127,000	-40,000	-875,000	1,324,000	485,000	26,000	-613,000	1,415,000	-58,000	217,000	-1,248,000	1,983,000	33,000	-106,000	-1,375,000	1,473,000	-21,000	187,000	-1,023,000	1,420,000	303,000	73,000	-533,000	1,055,000	56,000	107,000	-735,000	1,062,000	285,000	206,000	-761,000	912,000	93,000	183,000	-858,000	795,000	48,000	226,000	-976,000	1,096,000
Accounts payable
-3,201,000	2,664,000	322,000	684,000	-2,506,000	1,822,000	401,000	674,000	-1,572,000	2,058,000	24,000	655,000	-2,128,000	3,707,000	-1,484,000	434,000	-1,917,000	1,435,000	-74,000	660,000	-1,368,000	1,311,000	80,000	401,000	-1,046,000	1,283,000	-56,000	469,000	-1,066,000	991,000	286,000	418,000	-861,000	961,000	13,000	328,000	-767,000	871,000	-8,000	270,000	-784,000	777,000
Other operating assets and liabilities, net
-344,000	-236,000	-223,000	-38,000	-26,000	-336,000	-72,000	-253,000	54,000	-150,000	-293,000	-75,000	-392,000	-47,000	45,000	-211,000	-391,000	10,000	140,000	-226,000	-285,000	-328,000	195,000	-305,000	-95,000	-181,000	121,000	-67,000	-218,000	-168,000	-1,000	-43,000	-218,000	-108,000	44,000	-141,000	1,000	-187,000	103,000	-204,000	-232,000	191,000
Net cash provided by operating activities
619,000	2,102,000	2,293,000	2,105,000	-219,000	2,177,000	1,554,000	2,105,000	109,000	2,006,000	1,834,000	1,606,000	493,000	2,793,000	-169,000	1,859,000	791,000	811,000	842,000	1,490,000	713,000	939,000	563,000	1,349,000	423,000	1,102,000	730,000	1,083,000	580,000	664,000	941,000	811,000	726,000	720,000	611,000	809,000	609,000	751,000	549,000	693,000	865,000	-15,000
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of short-term investments
315,000	321,000	341,000	296,000	141,000	316,000	381,000	272,000	135,000	272,000	378,000	276,000	223,000	402,000	645,000	288,000	302,000	197,000	647,000	491,000	556,000	809,000	935,000	521,000	260,000	856,000	724,000	455,000	371,000	498,000	748,000	644,000	1,165,000	719,000	1,472,000	593,000	294,000	334,000	420,000	385,000	358,000	643,000
Maturities and sales of short-term investments
380,000	397,000	431,000	179,000	281,000	340,000	335,000	155,000	277,000	311,000	339,000	312,000	318,000	416,000	441,000	382,000	302,000	584,000	606,000	304,000	952,000	544,000	495,000	697,000	756,000	437,000	889,000	547,000	475,000	392,000	1,140,000	493,000	502,000	479,000	549,000	300,000	271,000	308,000	391,000	369,000	353,000	667,000
Sales of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	112,000	96,000	95,000	137,000	51,000	177,000	237,000	240,000	24,000	11,000	34,000	64,000	26,000	43,000	50,000
Additions to property and equipment
545,000	715,000	1,009,000	672,000	587,000	730,000	1,056,000	585,000	508,000	820,000	779,000	540,000	516,000	667,000	849,000	461,000	624,000	715,000	567,000	405,000	447,000	574,000	704,000	436,000	455,000	488,000	580,000	268,000	289,000	343,000	472,000	278,000	234,000	306,000	411,000	138,000	193,000	313,000	353,000	226,000	296,000	375,000
Increase resulting from initial consolidation of Costco Mexico
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-165,000	0	0	0	0	-	-	-	-
Proceeds from the sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	-	1,000	1,000	7,000	1,000	1,000	1,000	1,000	2,000	1,000	4,000	0
Other investing activities, net
-10,000	-9,000	1,000	-15,000	-13,000	31,000	-7,000	-8,000	7,000	4,000	-2,000	-6,000	-24,000	2,000	-28,000	1,000	-4,000	4,000	-2,000	4,000	14,000	-13,000	-9,000	1,000	41,000	-52,000	1,000	1,000	4,000	5,000	-10,000	0	5,000	0	10,000	0	6,000	-8,000	12,000	-1,000	3,000	1,000
Net cash used in investing activities
-470,000	-630,000	-920,000	-774,000	-434,000	-737,000	-1,095,000	-694,000	-373,000	-785,000	-816,000	-498,000	-397,000	-655,000	-1,025,000	-368,000	-620,000	-332,000	-606,000	-596,000	-65,000	-826,000	-1,135,000	-261,000	0	-855,000	-719,000	-65,000	-100,000	-352,000	58,000	-377,000	-724,000	-137,000	-1,103,000	-406,000	-210,000	-296,000	-323,000	-219,000	-257,000	-302,000
CASH FLOWS FROM FINANCING ACTIVITIES
Change in bank checks outstanding
-139,000	122,000	44,000	-96,000	69,000	193,000	103,000	10,000	-410,000	377,000	7,000	29,000	-94,000	-178,000	208,000	19,000	-126,000	-20,000	170,000	-31,000	-45,000	2,000	11,000	-18,000	-298,000	235,000	45,000	489,000	-237,000	160,000	-549,000	354,000	-392,000	73,000	-111,000	40,000	60,000	16,000	-26,000	65,000	-86,000	25,000
Repayments of short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	57,000	120,000	-5,000	115,000	0	-3,000	34,000	83,000	72,000	0	23,000	10,000	7,000	15,000	18,000	33,000	48,000	385,000	338,000	1,006,000
Proceeds from short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	3,000	16,000	83,000	9,000	20,000	19,000	20,000	33,000	110,000	56,000	127,000	0	-3,000	0	117,000	71,000	0	0	8,000	1,000	0	34,000	46,000	45,000	265,000	338,000	1,021,000
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	-2,000	51,000	78,000	0	0	0	0	-	-	-	-	-	-	-	-
Repayments of long-term debt
1,200,000	0	0	0	0	89,000	28,000	0	0	58,000	1,100,000	1,100,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	44,000	4,000	35,000	2,000	2,000	1,000	1,000
Distribution to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-22,000	-161,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,000	6,000	5,000	-	12,000	25,000	10,000	38,000	32,000	14,000	25,000	12,000	80,000	81,000	112,000	-	-	-	-	-	-	-	-
Tax withholdings on stock-based awards
1,000	326,000	1,000	1,000	0	270,000	0	1,000	0	216,000	0	1,000	0	201,000	1,000	0	0	219,000	0	1,000	0	163,000	1,000	3,000	1,000	116,000	0	3,000	0	104,000	0	9,000	0	52,000	-	-	-	-	-	-	-	-
Excess tax benefits on stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	74,000	9,000	6,000	4,000	65,000	3,000	7,000	13,000	38,000	14,000	10,000	4,000	36,000	2,000	15,000	11,000	17,000	1,000	3,000	1,000	5,000	0	0	0	2,000
Proceeds from stock-based awards, net of minimum tax withholdings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	82,000	50,000	36,000	18,000	20,000	29,000	2,000
Repurchases of common stock
47,000	30,000	52,000	46,000	117,000	32,000	90,000	54,000	60,000	124,000	233,000	46,000	68,000	122,000	136,000	137,000	71,000	142,000	163,000	171,000	0	0	0	0	0	36,000	180,000	140,000	149,000	163,000	277,000	108,000	94,000	145,000	435,000	110,000	6,000	0	0	2,000	0	67,000
Cash dividend payments
0	573,000	286,000	251,000	0	501,000	250,000	219,000	220,000	0	3,508,000	198,000	0	198,000	394,000	176,000	176,000	0	-	-	-	-	-	-	-	-	-	-	-	-	210,000	90,000	0	89,000	180,000	79,000	0	79,000	157,000	70,000	69,000	0
Other financing activities, net
-5,000	-29,000	-4,000	-3,000	-1,000	-1,000	-2,000	-2,000	0	-37,000	-25,000	0	-3,000	39,000	63,000	-2,000	-6,000	0	-	-	-	-	-	-	-	-	-3,000	-1,000	-3,000	1,000	-1,000	-1,000	1,000	-1,000	0	0	-1,000	39,000	-	-	0	0
Net cash used in financing activities
-1,392,000	-836,000	-1,000	-397,000	-49,000	-700,000	-267,000	-266,000	-690,000	-58,000	-1,077,000	-1,316,000	-165,000	-660,000	-331,000	-301,000	-1,563,000	-224,000	-244,000	-318,000	-153,000	-71,000	-172,000	-19,000	114,000	121,000	-1,270,000	-619,000	-459,000	67,000	-1,015,000	241,000	-416,000	-87,000	-707,000	-123,000	116,000	-5,000	-179,000	-109,000	-127,000	-24,000
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
2,000	7,000	-1,000	-1,000	4,000	-17,000	-14,000	-49,000	46,000	-20,000	67,000	2,000	8,000	-52,000	20,000	61,000	-29,000	-2,000	10,000	30,000	-64,000	13,000	-60,000	-34,000	-21,000	1,000	-4,000	3,000	49,000	-69,000	-57,000	52,000	30,000	29,000	0	-1,000	2,000	10,000	27,000	13,000	9,000	-63,000
Net change in cash and cash equivalents
-1,241,000	643,000	1,371,000	933,000	-698,000	723,000	178,000	1,096,000	-908,000	1,143,000	8,000	-206,000	-61,000	1,426,000	-1,505,000	1,251,000	-1,421,000	253,000	2,000	606,000	431,000	55,000	-804,000	1,035,000	516,000	369,000	-1,263,000	402,000	70,000	310,000	-73,000	727,000	-384,000	525,000	-1,199,000	279,000	517,000	460,000	74,000	378,000	490,000	-404,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest paid
10,000	50,000	69,000	4,000	19,000	49,000	62,000	3,000	24,000	54,000	32,000	45,000	20,000	34,000	30,000	41,000	21,000	31,000	24,000	32,000	21,000	32,000	22,000	33,000	0	31,000	1,000	55,000	0	56,000	1,000	55,000	1,000	54,000	0	57,000	0	53,000	-2,000	54,000	-1,000	53,000
Income taxes, net
283,000	97,000	407,000	103,000	544,000	133,000	425,000	118,000	347,000	314,000	656,000	71,000	287,000	171,000	408,000	98,000	149,000	298,000	570,000	88,000	211,000	0	510,000	63,000	310,000	118,000	461,000	132,000	215,000	148,000	283,000	202,000	175,000	82,000	291,000	52,000	253,000	41,000	249,000	140,000	148,000	28,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES:
Decrease in accrued property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85,000	-35,000	-	-	-	-	-	-	-	-
Property acquired under a capital lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	80,000	-	-	0	0
Unsettled repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	-4,000	10,000	17,000	-6,000	1,000	5,000	4,000	4,000	9,000	0	-	-	-	-
Increase in accrued property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23,000	-43,000	-	-	-	-	-	-	-	-	-	-	-	-
Noncash or Part Noncash Acquisition, Fixed Assets Acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-