Quarterly Financial Data (Unaudited)

12 Months Ended

Aug. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

Note 12—Quarterly Financial Data (Unaudited)

The two tables that follow reflect the unaudited quarterly results of operations for 2014 and 2013.

	52 Weeks Ended August 31, 2014
	First Quarter (12 Weeks)			Second Quarter (12 Weeks)			Third Quarter (12 Weeks)			Fourth Quarter (16 Weeks)			Total (52 Weeks)
REVENUE
Net sales	$	24,468		$	25,756		$	25,233		$	34,755		$	110,212
Membership fees	549			550			561			768			2,428
Total revenue	25,017			26,306			25,794			35,523			112,640
OPERATING EXPENSES
Merchandise costs	21,824			23,043			22,554			31,037			98,458
Selling, general and administrative	2,501			2,531			2,487			3,380			10,899
Preopening expenses	24			8			16			15			63
Operating income	668			724			737			1,091			3,220
OTHER INCOME (EXPENSE)
Interest expense	(27		)	(26		)	(25		)	(35		)	(113		)
Interest income and other, net	18			30			12			30			90
INCOME BEFORE INCOME TAXES	659			728			724			1,086			3,197
Provision for income taxes	228			255			245			381			1,109
Net income including noncontrolling interests	431			473			479			705			2,088
Net income attributable to noncontrolling interests	(6		)	(10		)	(6		)	(8		)	(30		)
NET INCOME ATTRIBUTABLE TO COSTCO	$	425		$	463		$	473		$	697		$	2,058
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
Basic	$	0.97		$	1.05		$	1.08		$	1.59		$	4.69
Diluted	$	0.96		$	1.05		$	1.07		$	1.58		$	4.65
Shares used in calculation (000’s)
Basic	437,970			439,776			439,446			437,875			438,693
Diluted	442,420			442,829			442,720			441,887			442,485
CASH DIVIDENDS DECLARED PER COMMON SHARE	$	0.31		$	0.31		$	0.355		$	0.355		$	1.33

Note 12—Quarterly Financial Data (Unaudited) (Continued)

	52 Weeks Ended September 1, 2013
	First Quarter (12 Weeks)			Second Quarter (12 Weeks)				Third Quarter (12 Weeks)			Fourth Quarter (16 Weeks)			Total (52 Weeks)
REVENUE
Net sales	$	23,204		$	24,343			$	23,552		$	31,771		$	102,870
Membership fees	511			528				531			716			2,286
Total revenue	23,715			24,871				24,083			32,487			105,156
OPERATING EXPENSES
Merchandise costs	20,726			21,766				21,038			28,418			91,948
Selling, general and administrative	2,332			2,361				2,313			3,098			10,104
Preopening expenses	18			6				10			17			51
Operating income	639			738				722			954			3,053
OTHER INCOME (EXPENSE)
Interest expense	(13		)	(25		)		(25		)	(36		)	(99		)
Interest income and other, net	20			26				15			36			97
INCOME BEFORE INCOME TAXES	646			739				712			954			3,051
Provision for income taxes	225			185			(1)	248			332			990
Net income including noncontrolling interests	421			554				464			622			2,061
Net income attributable to noncontrolling interests	(5		)	(7		)		(5		)	(5		)	(22		)
NET INCOME ATTRIBUTABLE TO COSTCO	$	416		$	547			$	459		$	617		$	2,039
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
Basic	$	0.96		$	1.26			$	1.05		$	1.41		$	4.68
Diluted	$	0.95		$	1.24			$	1.04		$	1.40		$	4.63
Shares used in calculation (000’s)
Basic	433,423			435,975				436,488			436,752			435,741
Diluted	438,643			439,812				440,780			441,907			440,512
CASH DIVIDENDS DECLARED PER COMMON SHARE	$	0.275		$	7.275		(2)	$	0.31		$	0.31		$	8.17

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(1) Includes a $62 tax benefit recorded in the second quarter in connection with the special cash dividend paid to employees through the Company's 401(k) Retirement Plan.

(2) Includes the special cash dividend of $7.00 per share paid in December 2012.