Costco Wholesale Corporation
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $141.58B | $129.01B | $119.37B | $116.20B | $112.64B | $105.16B | $99.14B | $88.92B |
| Net Sales | $138.43B | $126.15B | $116.72B | $113.67B | $110.21B | $102.87B | $97.06B | $87.05B |
| Membership Fees | $3.14B | $2.85B | $2.65B | $2.53B | $2.43B | $2.29B | $2.08B | $1.87B |
| Cost of Revenue | $123.15B | $111.88B | $102.90B | $101.07B | $98.46B | $91.95B | $86.82B | $77.74B |
| Gross Profit | $18.42B | $17.12B | $16.47B | $15.13B | $14.18B | $13.21B | $12.31B | $11.18B |
| Gross Margin | 13.0% | 13.3% | 13.8% | 13.0% | 12.6% | 12.6% | 12.4% | 12.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $13.88B | $12.95B | $12.07B | $11.45B | $10.90B | $10.10B | $9.52B | $8.69B |
| Operating Income | $4.48B | $4.11B | $3.67B | $3.62B | $3.22B | $3.05B | $2.76B | $2.44B |
| Operating Margin | 3.2% | 3.2% | 3.1% | 3.1% | 2.9% | 2.9% | 2.8% | 2.7% |
| Interest Expense | $159.0M | $134.0M | $133.0M | $124.0M | $113.0M | $99.0M | $95.0M | $116.0M |
| Pretax Income | $4.44B | $4.04B | $3.62B | $3.60B | $3.20B | $3.05B | $2.77B | $2.38B |
| Income Tax Expense | $1.26B | $1.33B | $1.24B | $1.20B | $1.11B | $990.0M | $1.00B | $841.0M |
| Net Income | $3.13B | $2.68B | $2.35B | $2.38B | $2.06B | $2.04B | $1.71B | $1.46B |
| Net Margin | 2.2% | 2.1% | 2.0% | 2.0% | 1.8% | 1.9% | 1.7% | 1.6% |
| EPS (Basic) | $7.15 | $6.11 | $5.36 | $5.41 | $4.69 | $4.68 | $3.94 | $3.35 |
| EPS (Diluted) | $7.09 | $6.08 | $5.33 | $5.37 | $4.65 | $4.63 | $3.89 | $3.30 |
| Shares Outstanding (Basic) | 438.5M | 438.4M | 438.6M | 439.5M | 438.7M | 435.7M | 433.6M | 436.1M |
| Shares Outstanding (Diluted) | 441.8M | 440.9M | 441.3M | 442.7M | 442.5M | 440.5M | 439.4M | 443.1M |
| Dividends Per Share | $2.14 | $8.90 | $1.70 | $6.51 | $1.33 | $8.17 | $1.03 | $0.89 |