Costco 2002 Annual Report Download - page 3
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Warehouses in Operation
At Fiscal Year End
Number of Warehouses
375
350
1998 1999 2000 2001 2002
325
300
278
313
345
374
(391 at 12/31/02)
292
275
0
Net Sales
Fiscal Year
$ Millions
38,000
37,000
36,000
35,000
34,000
33,000
32,000
31,000
30,000
29,000
28,000
27,000
26,000
25,000
24,000
0
1998 1999 2000 2001 2002
23,830
26,976
34,137
37,993
31,621
Net Income
Fiscal Year
$ Millions
1998 1999 2000 2001 2002
650
700
750
0
500
550
600
400
450
*
**
Income from continuing operations
Income from continuing operations excluding asset impairment/
closing costs and/or accounting change
460*
602*
631*
700*
545**
Closing/
Impairment
Accounting
Change
515**
397*
Comparable Sales Growth
Fiscal Year
Percent Increase
1998 1999 2000 2001 2002
10%
4%
6%
11%
8%
0%
2%
4%
6%
8%
10%
12%
Average Sales Per Warehouse *
(Sales In Millions)
Fiscal Year
*First year sales annualized
2000
99
92
80
72
99
77
$55
114
$101
1999
90
82
68
58
85
$65
104
$94
1998
83
76
61
$50
70
95
$87
1997
76
69
53
$56
89
$83
1996
68
58
$46
83
$77
1995
60
$51
80
$75
1994
$57
79
$76
1993
$78
$78
374Totals
1871993 & Before
271994
191995
181996
101997
171998
141999
212000
322001
292002
Whses*Opened # ofYear
2001
101
93
83
77
106
86
64
$57
118
$101
2002
106
97
87
82
113
97
76
63
123
$103
$58
Percent of Net Sales
Fiscal Year
1998 1999 2000 2001 2002
3.676
4.170
4.476
4.358
3.887
3.6
3.8
4.0
4.2
4.4
4.6
0
Business Members
Fiscal Year
Millions
Millions
1998 1999 2000 2001 2002
8.654
10.521
12.737
14.597
9.555
0
9
11
15
14
8
10
13
12
Gold Star Members
Membership
Selling, General and
Administrative Expenses
Fiscal Year
1998 1999 2000 2001 2002
0
8.5%
10.0%
9.5%
9.0%
9.41%
8.69% 8.71%
9.17%
8.67%
8.0%
1
FINANCIAL HIGHLIGHTS