Costco Wholesale Corporation
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $9.23B | $8.10B | $7.37B | $6.29B | $5.84B | $5.01B | $4.00B | $3.66B |
| Depreciation & Amortization | $2.67B | $2.43B | $2.24B | $2.08B | $1.90B | $1.78B | $1.65B | $1.49B |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $924.0M | $860.0M | $818.0M | $774.0M | $724.0M | $665.0M | $619.0M | $595.0M |
| Net Cash from Operating Activities | $15.82B | $13.34B | $11.34B | $11.07B | $7.39B | $8.96B | $8.86B | $6.36B |
| Investing Activities | ||||||||
| Capital Expenditures | $6.44B | $5.50B | $4.71B | $4.32B | $3.89B | $3.59B | $2.81B | $3.00B |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-6.38B | $-5.31B | $-4.41B | $-4.97B | $-3.92B | $-3.54B | $-3.89B | $-2.87B |
| Financing Activities | ||||||||
| Dividends Paid | $2.46B | $2.18B | $9.04B | $1.25B | $1.50B | $5.75B | $1.48B | $1.04B |
| Stock Repurchases | $848.0M | $903.0M | $700.0M | $676.0M | $439.0M | $496.0M | $196.0M | $247.0M |
| Net Cash from Financing Activities | $-3.36B | $-3.78B | $-10.76B | $-2.61B | $-4.28B | $-6.49B | $-1.15B | $-1.15B |
| Net Change in Cash | $6.05B | $4.26B | $-3.79B | $3.50B | $-1.06B | $-1.02B | $3.89B | $2.33B |
| Free Cash Flow | $9.38B | $7.84B | $6.63B | $6.75B | $3.50B | $5.37B | $6.05B | $3.36B |