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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Sep. 01, 2019
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Results of Operations
The two tables that follow reflect the unaudited quarterly results of operations for 2019 and 2018.
 
52 Weeks Ended September 1, 2019
 
First
Quarter
(12 Weeks)
 
Second
Quarter
(12 Weeks)
 
Third
Quarter
(12 Weeks)
 
Fourth
Quarter
(16 Weeks)
 
Total
(52 Weeks)
REVENUE
 
 
 
 
 
 
 
 
 
Net sales
$
34,311

 
$
34,628

 
$
33,964

 
$
46,448

 
$
149,351

Membership fees
758

 
768

 
776

 
1,050

 
3,352

Total revenue
35,069

 
35,396

 
34,740

 
47,498

 
152,703

OPERATING EXPENSES
 
 
 
 
 
 
 
 
 
Merchandise costs
30,623

 
30,720

 
30,233

 
41,310

 
132,886

Selling, general and administrative
3,475

 
3,464

 
3,371

 
4,684

(1 
) 
14,994

Preopening expenses
22

 
9

 
14

 
41

 
86

Operating income
949

 
1,203

 
1,122

 
1,463

 
4,737

OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
 
Interest expense
(36
)
 
(34
)
 
(35
)
 
(45
)
 
(150
)
Interest income and other, net
22

 
46

 
36

 
74

 
178

INCOME BEFORE INCOME TAXES
935

 
1,215

 
1,123

 
1,492

 
4,765

Provision for income taxes
158

 
314

 
207

 
382

 
1,061

Net income including noncontrolling interests
777

 
901

 
916

 
1,110

 
3,704

Net income attributable to noncontrolling interests
(10
)
 
(12
)
 
(10
)
 
(13
)
 
(45
)
NET INCOME ATTRIBUTABLE TO COSTCO
$
767

 
$
889

 
$
906

 
$
1,097

 
$
3,659

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
 
 
 
 
 
 
 
 
 
Basic
$
1.75

 
$
2.02

 
$
2.06

 
$
2.49

 
$
8.32

Diluted
$
1.73

 
$
2.01

 
$
2.05

 
$
2.47

 
$
8.26

Shares used in calculation (000’s)
 
 
 
 
 
 
 
 
 
Basic
439,157

 
440,284

 
439,859

 
439,727

 
439,755

Diluted
442,749

 
442,337

 
442,642

 
443,400

 
442,923

CASH DIVIDENDS DECLARED PER COMMON SHARE
$
0.57

 
$
0.57

 
$
0.65

 
$
0.65

 
$
2.44


_______________
(1) Includes a $123 charge for a product tax assessment.

 
52 Weeks Ended September 2, 2018
 
First
Quarter
(12 Weeks)
 
Second
Quarter
(12 Weeks)
 
Third
Quarter
(12 Weeks)
 
Fourth
Quarter
(16 Weeks)
 
Total (52 Weeks)
REVENUE
 
 
 
 
 
 
 
 
 
Net sales
$
31,117

 
$
32,279

 
$
31,624

 
$
43,414

 
$
138,434

Membership fees
692

 
716

 
737

 
997

 
3,142

Total revenue
31,809

 
32,995

 
32,361

 
44,411

 
141,576

OPERATING EXPENSES
 
 
 
 
 
 
 
 
 
Merchandise costs
27,617

 
28,733

 
28,131

 
38,671

 
123,152

Selling, general and administrative
3,224

 
3,234

 
3,155

 
4,263

 
13,876

Preopening expenses
17

 
12

 
8

 
31

 
68

Operating income
951

 
1,016

 
1,067

 
1,446

 
4,480

OTHER INCOME (EXPENSE)
 
 
 
 
 
 
 
 
 
Interest expense
(37
)
 
(37
)
 
(37
)
 
(48
)
 
(159
)
Interest income and other, net
22

 
7

 
41

 
51

 
121

INCOME BEFORE INCOME TAXES
936

 
986

 
1,071

 
1,449

 
4,442

Provision for income taxes
285

 
273

 
309

 
396

 
1,263

Net income including noncontrolling interests
651

 
713

 
762

 
1,053

 
3,179

Net income attributable to noncontrolling interests
(11
)
 
(12
)
 
(12
)
 
(10
)
 
(45
)
NET INCOME ATTRIBUTABLE TO COSTCO
$
640

 
$
701

 
$
750

 
$
1,043

 
$
3,134

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
 
 
 
 
 
 
 
 
 
Basic
$
1.46

 
$
1.60

 
$
1.71

 
$
2.38

 
$
7.15

Diluted
$
1.45

 
$
1.59

 
$
1.70

 
$
2.36

 
$
7.09

Shares used in calculation (000’s)
 
 
 
 
 
 
 
 
 
Basic
437,965

 
439,022

 
438,740

 
438,379

 
438,515

Diluted
440,851

 
441,568

 
441,715

 
442,427

 
441,834

CASH DIVIDENDS DECLARED PER COMMON SHARE
$
0.50

 
$
0.50

 
$
0.57

 
$
0.57

 
$
2.14