Costco 1998 Annual Report Download - page 21

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MERRILL CORPORATION NETWORK COMPOSITION SYSTEM BSANDFO // 1-DEC-98 23:38 DISK004:[98SEA7.98SEA2097]DS2097A.;8
IMAGES:[PAGER.PSTYLES]MRLL.BST;4 pag$fmt:mrll.fmt Free: 2655DM/ 0D Foot: 0D/ 0D VJ R Seq: 1 Clr: 0
COSTCO COMPANIES A/R (Y/E 8-31-98) Proj: P1826SEA98 Job: 98SEA2097 File: DS2097A.;8
Merrill/Seattle (206) 623-5606 Page Dim: 8.250N X 10.750NCopy Dim: 38. X 54.3
COSTCO COMPANIES, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
For the 52 weeks ended August 30, 1998, August 31, 1997 and September 1, 1996,
(in thousands)
Accumulated
Additional Foreign
Common Stock Paid-In Currency Retained
Shares Amount Capital Translation Earnings Total
BALANCE AT SEPTEMBER 3, 1995 .... 195,164 $1,952 $303,989 $ (52,289) $1,277,092 $1,530,744
Stock options exercised including income
tax benefits .................... 1,272 12 17,843 — — 17,855
Net income ...................... — — — — 248,793 248,793
Foreign currency translation adjustment . — — — (19,594) — (19,594)
BALANCE AT SEPTEMBER 1, 1996 .... 196,436 1,964 321,832 (71,883) 1,525,885 1,777,798
Stock options exercised including income
tax benefits .................... 4,077 41 78,186 — — 78,227
Conversion of convertible debentures . . . 13,080 131 306,306 — — 306,437
Net income ...................... — — — — 312,197 312,197
Foreign currency translation adjustment . — — — (6,543) — (6,543)
BALANCE AT AUGUST 31, 1997 ...... 213,593 2,136 706,324 (78,426) 1,838,082 2,468,116
Stock options exercised including income
tax benefits .................... 3,996 40 111,304 — — 111,344
Net income ...................... — — — — 459,842 459,842
Foreign currency translation adjustment . — — — (73,416) — (73,416)
BALANCE AT AUGUST 30, 1998 ...... 217,589 $2,176 $817,628 $(151,842) $2,297,924 $2,965,886
The accompanying notes are an integral part of these financial statements.
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9 C Cs: 28005