Company: COST
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000909832-25-000033
Chunk: 9

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 1
Chunk 9
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21,771 

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)

36 Weeks EndedMay 11,2025May 12,2024CASH FLOWS FROM OPERATING ACTIVITIESNet income$5,489 $5,013 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization1,652 1,531 Non-cash lease expense208 220 Stock-based compensation720 686 Other non-cash operating activities, net(15)(35)Changes in operating assets and liabilities:Merchandise inventories(25)(831)Accounts payable604 1,380 Other operating assets and liabilities, net835 417 Net cash provided by operating activities9,468 8,381 CASH FLOWS FROM INVESTING ACTIVITIESPurchases of short-term investments(573)(1,007)Maturities of short-term investments786 1,441 Additions to property and equipment(3,532)(3,133)Other investing activities, net(24)(7)Net cash used in investing activities(3,343)(2,706)CASH FLOWS FROM FINANCING ACTIVITIESRepayments of short-term borrowings(635)(637)Proceeds from short-term borrowings616 628 Proceeds from issuance of long-term debt— 498 Tax withholdings on stock-based awards(392)(313)Repurchases of common stock(623)(484)Cash dividend payments(1,030)(8,527)Financing lease payments and other financing activities, net(118)(113)Net cash used in financing activities(2,182)(8,948)EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS(13)(23)Net change in cash and cash equivalents3,930 (3,296)CASH AND CASH EQUIVALENTS BEGINNING OF YEAR9,906 13,700 CASH AND CASH EQUIVALENTS END OF PERIOD$13,836 $10,404 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid during the first thirty-six weeks of the year for:Interest$81 $90 Income taxes,