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Consolidated Statements Of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 4 Months Ended 12 Months Ended
May 07, 2017
Feb. 12, 2017
Nov. 20, 2016
May 08, 2016
Feb. 14, 2016
Nov. 22, 2015
Sep. 03, 2017
Aug. 28, 2016
Sep. 03, 2017
Aug. 28, 2016
Aug. 30, 2015
REVENUE                      
Net sales $ 28,216 $ 29,130 $ 27,469 $ 26,151 $ 27,567 $ 26,627 $ 41,357 $ 35,728 $ 126,172 $ 116,073 $ 113,666
Membership fees 644 636 630 618 603 593 943 832 2,853 2,646 2,533
Total revenue 28,860 29,766 28,099 26,769 28,170 27,220 42,300 36,560 129,025 118,719 116,199
OPERATING EXPENSES                      
Merchandise costs 24,970 25,927 24,288 23,162 24,469 23,621 36,697 31,649 111,882 102,901 101,065
Selling, general and administrative 2,907 2,980 2,940 2,731 2,835 2,806 4,123 3,696 12,950 12,068 11,445
Preopening expenses 15 15 22 18 10 26 30 24 82 78 65
Operating income 968 844 849 858 856 767 1,450 1,191 4,111 3,672 3,624
OTHER INCOME (EXPENSE)                      
Interest expense (21) (31) (29) (30) (31) (33) (53) (39) (134) (133) (124)
Interest income and other, net 18 (4) 26 7 16 28 22 29 62 80 104
INCOME BEFORE INCOME TAXES 965 809 846 835 841 762 1,419 1,181 4,039 3,619 3,604
Provision for income taxes 259 [1] 288 291 286 286 275 487 396 1,325 1,243 1,195
Net income including noncontrolling interests 706 521 555 549 555 487 932 785 2,714 2,376 2,409
Net income attributable to noncontrolling interests (6) (6) (10) (4) (9) (7) (13) (6) (35) (26) (32)
NET INCOME ATTRIBUTABLE TO COSTCO $ 700 $ 515 $ 545 $ 545 $ 546 $ 480 $ 919 $ 779 $ 2,679 $ 2,350 $ 2,377
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:                      
Basic (in dollars per share) $ 1.59 $ 1.17 $ 1.24 $ 1.24 $ 1.24 $ 1.10 $ 2.10 $ 1.78 $ 6.11 $ 5.36 $ 5.41
Diluted (in dollars per share) $ 1.59 $ 1.17 $ 1.24 $ 1.24 $ 1.24 $ 1.09 $ 2.08 $ 1.77 $ 6.08 $ 5.33 $ 5.37
Shares used in calculation (000's)                      
Basic (shares) 438,817 439,127 438,007 438,815 439,648 438,342 437,987 437,809 438,437 438,585 439,455
Diluted (shares) 441,056 440,657 440,525 441,066 441,559 441,386 441,036 440,868 440,937 441,263 442,716
CASH DIVIDENDS DECLARED PER COMMON SHARE $ 7.50 [2] $ 0.45 $ 0.45 $ 0.45 $ 0.40 $ 0.40 $ 0.50 $ 0.45 $ 8.90 $ 1.70 $ 6.51
[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.