Company: COST
Filing Date: 2025-03-13
Form Type: 10-Q
Source: 0000909832-25-000015
Chunk: 15

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-03-13
Form: 10-Q
Item: Item 1
Chunk 15
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, subject to achievement of performance targets for 2025, as determined by the Compensation Committee of the Board of Directors after the end of the fiscal year. These awards are included in the table below. The Company recognized compensation expense for these awards in the second quarter of 2025, as it is currently deemed probable that the targets will be achieved.The following table summarizes RSU transactions during the first half of 2025:Number ofUnits (in 000s)Weighted-AverageGrant Date Fair ValueOutstanding at September 1, 20242,799 $463.24 Granted1,095 883.46 Vested and delivered(1,483)557.86 Forfeited(49)549.46 Outstanding at February 16, 20252,362 $596.80 The remaining unrecognized compensation cost related to RSUs unvested at February 16, 2025, was $1,175, and the weighted-average period over which this cost will be recognized is 1.8 years. Summary of Stock-Based CompensationThe following table summarizes stock-based compensation expense and the related tax benefits:12 Weeks Ended24 Weeks EndedFebruary 16,2025February 18,2024February 16,2025February 18,2024Stock-based compensation expense$151 $136 $614 $580 Less recognized income tax benefits28 25 129 120 Stock-based compensation expense, net$123 $111 $485 $460 

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Note 7—Net Income per Common and Common Equivalent ShareThe following table shows the amounts used in computing net income per share and the weighted average number of shares of basic and of potentially dilutive common shares outstanding (shares in 000s):12 Weeks Ended24 Weeks EndedFebruary 16,2025February 18,2024February 16,2025February 18,2024Net income$1,788 $1,743 $3,586 $3,332 Weighted average basic shares443,982 443,892 443,985 443,859 RSUs904 862 903 720 Weighted average diluted shares444,886 444,754 444,888 444,579 Basic earnings per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is calculated based on the dilutive effect of RSUs using the treasury