Company: COST
Filing Date: 2025-03-13
Form Type: 10-Q
Source: 0000909832-25-000015
Chunk: 9

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-03-13
Form: 10-Q
Item: Item 1
Chunk 9
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,842)$14,980 $20,760 

The accompanying notes are an integral part of these condensed consolidated financial statements.7

COSTCO WHOLESALE CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(amounts in millions) (unaudited)

24 Weeks EndedFebruary 16,2025February 18,2024CASH FLOWS FROM OPERATING ACTIVITIESNet income$3,586 $3,332 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization1,100 1,015 Non-cash lease expense137 148 Stock-based compensation614 580 Other non-cash operating activities, net(79)(7)Changes in operating assets and liabilities:Merchandise inventories(362)(425)Accounts payable(458)4 Other operating assets and liabilities, net1,470 735 Net cash provided by operating activities6,008 5,382 CASH FLOWS FROM INVESTING ACTIVITIESPurchases of short-term investments(345)(719)Maturities of short-term investments752 1,029 Additions to property and equipment(2,401)(2,071)Other investing activities, net(13)9 Net cash used in investing activities(2,007)(1,752)CASH FLOWS FROM FINANCING ACTIVITIESRepayments of short-term borrowings(389)(409)Proceeds from short-term borrowings370 383 Proceeds from issuance of long-term debt— 498 Tax withholdings on stock-based awards(390)(292)Repurchases of common stock(412)(322)Cash dividend payments(515)(8,012)Financing lease payments and other financing activities, net(98)(96)Net cash used in financing activities(1,434)(8,250)EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS(117)15 Net change in cash and cash equivalents2,450 (4,605)CASH AND CASH EQUIVALENTS BEGINNING OF YEAR9,906 13,700 CASH AND CASH EQUIVALENTS END OF PERIOD$12,356 $9,095 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid during the first half of the year for:Interest$55 $62