Costco 2006 Annual Report Download - page 22

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FIVE YEAR OPERATING AND FINANCIAL HIGHLIGHTS
The following selected financial and operating data are derived from our consolidated financial
statements and should be read in conjunction with “Management’s Discussion and Analysis of
Financial Condition and Results of Operations,” and our consolidated financial statements.
SELECTED FINANCIAL DATA
(dollars in thousands, except per share data)
As of and for the fiscal year
ended(1) Sept. 3, 2006
(53 weeks) Aug. 28, 2005
(52 weeks) Aug. 29, 2004
(52 weeks) Aug. 31, 2003
(52 weeks) Sept. 1, 2002
(52 weeks)
RESULTS OF
OPERATION
Net sales ............. $58,963,180 $51,879,070 $47,148,627 $41,694,561 $37,994,608
Merchandise costs ..... 52,745,497 46,346,961 42,092,016 37,235,383 33,983,121
Gross Margin ...... 6,217,683 5,532,109 5,056,611 4,459,178 4,011,487
Membership fees ....... 1,188,047 1,073,156 961,280 852,853 769,406
Operating income ...... 1,625,632 1,474,303 1,385,648 1,156,628 1,131,535
Net income ............ 1,103,215 1,063,092 882,393 721,000 699,983
Net income per diluted
share ............... 2.30 2.18 1.85 1.53 1.48
Dividends per share .... $ 0.49 $ 0.43 $ 0.20 $ — $ —
Increase in comparable
warehouse sales:
United States ...... 7% 6% 9% 4% 7%
International ....... 11% 11% 14% 10% 2%
Total ............. 8% 7% 10% 5% 6%
BALANCE SHEET DATA
Working capital .... $ 412,891 $ 1,477,464 $ 1,098,549 $ 700,431 $ 180,806
Net property and
equipment ....... 8,564,295 7,790,192 7,219,829 6,960,008 6,523,619
Total assets ....... 17,495,070 16,665,205 15,092,548 13,191,688 11,620,263
Short-term
borrowings ...... 41,385 54,356 21,595 47,421 103,774
Long-term debt ..... 215,369 710,675 993,746 1,289,649 1,210,638
Stockholders’
equity .......... $ 9,143,439 $ 8,881,109 $ 7,624,810 $ 6,554,980 $ 5,694,237
WAREHOUSE
INFORMATION
Warehouses in
Operation(2)
Beginning of year . . . 433 417 397 374 345
Opened(3) ........ 28 21 20 29 35
Closed(3) ......... (3) (5) — (6) (6)
End of Year ....... 458 433 417 397 374
(1) Certain reclassifications have been made to prior fiscal years to conform to the presentation adopted in the
current fiscal year.
(2) Excludes warehouses operated in Mexico through a 50% owned joint venture.
(3) Includes relocations.
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