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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Sep. 03, 2017
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Results of Operations
The two tables that follow reflect the unaudited quarterly results of operations for 2017 and 2016.
 
53 Weeks Ended September 3, 2017
 
First
Quarter
(12 Weeks)
 
Second
Quarter
(12 Weeks)
 
Third
Quarter
(12 Weeks)
 
Fourth
Quarter
(17 Weeks)
 
Total
(53 Weeks)
REVENUE
 
 
 
 
 
 
 
 
 
Net sales
$
27,469

 
$
29,130

 
$
28,216

 
$
41,357

 
$
126,172

Membership fees
630

 
636

 
644

 
943

 
2,853

Total revenue
28,099

 
29,766

 
28,860

 
42,300

 
129,025

OPERATING EXPENSES
 
 
 
 
 
 
 
 
 
Merchandise costs
24,288

 
25,927

 
24,970

 
36,697

 
111,882

Selling, general and administrative
2,940

 
2,980

 
2,907

 
4,123

 
12,950

Preopening expenses
22

 
15

 
15

 
30

 
82

Operating income
849

 
844

 
968

 
1,450

 
4,111

OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
 
Interest expense
(29
)
 
(31
)
 
(21
)
 
(53
)
 
(134
)
Interest income and other, net
26

 
(4
)
 
18

 
22

 
62

INCOME BEFORE INCOME TAXES
846

 
809

 
965

 
1,419

 
4,039

Provision for income taxes
291

 
288

 
259

(1) 
487

 
1,325

Net income including noncontrolling interests
555

 
521

 
706

 
932

 
2,714

Net income attributable to noncontrolling interests
(10
)
 
(6
)
 
(6
)
 
(13
)
 
(35
)
NET INCOME ATTRIBUTABLE TO COSTCO
$
545

 
$
515

 
$
700

 
$
919

 
$
2,679

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
 
 
 
 
 
 
 
 
 
Basic
$
1.24

 
$
1.17

 
$
1.59

 
$
2.10

 
$
6.11

Diluted
$
1.24

 
$
1.17

 
$
1.59

 
$
2.08

 
$
6.08

Shares used in calculation (000’s)
 
 
 
 
 
 
 
 
 
Basic
438,007

 
439,127

 
438,817

 
437,987

 
438,437

Diluted
440,525

 
440,657

 
441,056

 
441,036

 
440,937

CASH DIVIDENDS DECLARED PER COMMON SHARE
$
0.45

 
$
0.45

 
$
7.50

(2) 
$
0.50

 
$
8.90


_______________
(1)
Includes an $82 tax benefit recorded in the third 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 May 2017.

 
52 Weeks Ended August 28, 2016
 
First
Quarter
(12 Weeks)
 
Second
Quarter
(12 Weeks)
 
Third
Quarter
(12 Weeks)
 
Fourth
Quarter
(16 Weeks)
 
Total
(52 Weeks)
REVENUE
 
 
 
 
 
 
 
 
 
Net sales
$
26,627

 
$
27,567

 
$
26,151

 
$
35,728

 
$
116,073

Membership fees
593

 
603

 
618

 
832

 
2,646

Total revenue
27,220

 
28,170

 
26,769

 
36,560

 
118,719

OPERATING EXPENSES
 
 
 
 
 
 
 
 
 
Merchandise costs
23,621

 
24,469


23,162

 
31,649

 
102,901

Selling, general and administrative
2,806

 
2,835

 
2,731

 
3,696

 
12,068

Preopening expenses
26

 
10

 
18

 
24

 
78

Operating income
767

 
856

 
858

 
1,191

 
3,672

OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
 
Interest expense
(33
)
 
(31
)
 
(30
)
 
(39
)
 
(133
)
Interest income and other, net
28

 
16

 
7

 
29

 
80

INCOME BEFORE INCOME TAXES
762

 
841

 
835

 
1,181

 
3,619

Provision for income taxes
275

 
286

 
286

 
396

 
1,243

Net income including noncontrolling interests
487

 
555

 
549

 
785

 
2,376

Net income attributable to noncontrolling interests
(7
)
 
(9
)
 
(4
)
 
(6
)
 
(26
)
NET INCOME ATTRIBUTABLE TO COSTCO
$
480

 
$
546

 
$
545

 
$
779

 
$
2,350

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
 
 
 
 
 
 
 
 
 
Basic
$
1.10

 
$
1.24

 
$
1.24

 
$
1.78

 
$
5.36

Diluted
$
1.09

 
$
1.24

 
$
1.24

 
$
1.77

 
$
5.33

Shares used in calculation (000’s)
 
 
 
 
 
 
 
 
 
Basic
438,342

 
439,648

 
438,815

 
437,809

 
438,585

Diluted
441,386

 
441,559

 
441,066

 
440,868

 
441,263

CASH DIVIDENDS DECLARED PER COMMON SHARE
$
0.40

 
$
0.40

 
$
0.45

 
$
0.45

 
$
1.70