Costco 2006 Annual Report Download - page 41

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COSTCO WHOLESALE CORPORATION
CONSOLIDATED BALANCE SHEETS
(dollars in thousands, except par value)
September 3,
2006 August 28,
2005
ASSETS
CURRENT ASSETS
Cash and cash equivalents ............................... $ 1,510,939 $ 2,062,585
Short-term investments .................................. 1,322,181 1,397,272
Receivables, net ....................................... 565,373 529,150
Merchandise inventories ................................. 4,568,723 4,014,699
Deferred income taxes and other current assets ............. 264,866 234,295
Total current assets ................................. 8,232,082 8,238,001
PROPERTY AND EQUIPMENT
Land ................................................. 2,747,396 2,502,247
Buildings, leasehold and land improvements ................ 6,241,357 5,622,439
Equipment and fixtures .................................. 2,405,229 2,181,740
Construction in progress ................................. 248,454 180,604
11,642,436 10,487,030
Less accumulated depreciation and amortization ............. (3,078,141) (2,696,838)
Net property and equipment .......................... 8,564,295 7,790,192
OTHER ASSETS .......................................... 698,693 637,012
$17,495,070 $16,665,205
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Short-term borrowings ................................... $ 41,385 $ 54,356
Accounts payable ...................................... 4,581,395 4,224,676
Accrued salaries and benefits ............................. 1,080,382 1,025,181
Accrued sales and other taxes ............................ 324,274 263,899
Deferred membership income ............................ 583,946 500,558
Current portion of long-term debt .......................... 308,523 3,225
Other current liabilities .................................. 899,286 688,642
Total current liabilities ............................... 7,819,191 6,760,537
LONG-TERM DEBT, excluding current portion ................ 215,369 710,675
DEFERRED INCOME TAXES AND OTHER LIABILITIES ......... 253,713 254,270
Total liabilities ...................................... 8,288,273 7,725,482
COMMITMENTS AND CONTINGENCIES
MINORITY INTEREST ...................................... 63,358 58,614
STOCKHOLDERS’ EQUITY
Preferred stock $.005 par value; 100,000,000 shares
authorized; no shares issued and outstanding ............. — —
Common stock $.005 par value; 900,000,000 shares authorized;
462,279,000 and 472,480,000 shares issued and
outstanding .......................................... 2,312 2,362
Additional paid-in capital ................................. 2,822,652 2,096,554
Accumulated other comprehensive income .................. 277,263 158,039
Retained earnings ...................................... 6,041,212 6,624,154
Total stockholders’ equity ............................ 9,143,439 8,881,109
$17,495,070 $16,665,205
The accompanying notes are an integral part of these consolidated financial statements.
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