Company: COST
Filing Date: 2025-03-13
Form Type: 10-Q
Source: 0000909832-25-000015
Chunk: 5

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-03-13
Form: 10-Q
Item: Item 1
Chunk 5
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Item 1—Financial Statements

COSTCO WHOLESALE CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(amounts in millions, except per share data) (unaudited)

12 Weeks Ended24 Weeks EndedFebruary 16,2025February 18,2024February 16,2025February 18,2024REVENUENet sales$62,530 $57,331 $123,515 $114,048 Membership fees1,193 1,111 2,359 2,193 Total revenue63,723 58,442 125,874 116,241 OPERATING EXPENSESMerchandise costs55,744 51,140 109,853 101,597 Selling, general and administrative5,663 5,240 11,509 10,598 Operating income2,316 2,062 4,512 4,046 OTHER INCOME (EXPENSE)Interest expense(36)(41)(73)(79)Interest income and other, net142 216 289 376 INCOME BEFORE INCOME TAXES2,422 2,237 4,728 4,343 Provision for income taxes634 494 1,142 1,011 NET INCOME$1,788 $1,743 $3,586 $3,332 NET INCOME PER COMMON SHARE:Basic$4.03 $3.93 $8.08 $7.51 Diluted$4.02 $3.92 $8.06 $7.49 Shares used in calculation (000s):Basic443,982 443,892 443,985 443,859 Diluted444,886 444,754 444,888 444,579 

The accompanying notes are an integral part of these condensed consolidated financial statements.3

Table of Contents

COSTCO WHOLESALE CORPORATION

 CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(amounts in millions) (unaudited)

 12 Weeks Ended24 Weeks Ended February 16,2025February 18,2024February 16,2025February 18,2024NET INCOME$1,788 $1,743 $3,586 $3,332 Foreign-currency translation adjustment and other, net(