Quarterly Financial Data (Tables)

12 Months Ended

Aug. 28, 2011

Aug. 29, 2010

Quarterly Financial Data

Quarterly Results Of Operations


		52 Weeks Ended August 28, 2011⁽¹⁾
		First Quarter 12 Weeks				Second Quarter 12 Weeks				Third Quarter 12 Weeks				Fourth Quarter 16 Weeks				Total 52 Weeks
REVENUE
Net sales		$	18,823			$	20,449			$	20,188			$	27,588			$	87,048
Membership fees			416				426				435				590				1,867

Total revenue			19,239				20,875				20,623				28,178				88,915
OPERATING EXPENSES
Merchandise costs			16,757				18,235	⁽²⁾			18,067	⁽²⁾			24,680	⁽²⁾			77,739
Selling, general and administrative			1,941				2,038				1,991				2,712				8,682
Preopening expenses			12				4				8				22				46
Provision for impaired assets and closing costs, net			4				2				1				2				9

Operating income			525				596				556				762				2,439
OTHER INCOME (EXPENSE)
Interest expense			(26	)			(27	)			(27	)			(36	)			(116	)
Interest income and other, net			5				4				5				46				60

INCOME BEFORE INCOME TAXES			504				573				534				772				2,383
Provision for income taxes			172				204				193				272				841

Net income including noncontrolling interests			332				369				341				500				1,542
Net income attributable to noncontrolling interests			(20	)			(21	)			(17	)			(22	)			(80	)

NET INCOME ATTRIBUTABLE TO COSTCO		$	312			$	348			$	324			$	478			$	1,462

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
Basic		$	0.72			$	0.80			$	0.74			$	1.09			$	3.35

Diluted		$	0.71			$	0.79			$	0.73			$	1.08			$	3.30

Shares used in calculation (000's)
Basic			434,099				436,682				436,977				436,596				436,119
Diluted			441,360				443,186				443,570				443,518				443,094
Dividends per share		$	0.205			$	0.205			$	0.240			$	0.240			$	0.89

(1)	As discussed in Note 1, the Company began consolidating Mexico on August 30, 2010.

(2)	Includes a $6, $49, and $32 increase to merchandise costs for a LIFO inventory adjustment for the second, third and fourth quarters, respectively. (See note 1—Merchandise Inventories).


		52 Weeks Ended August 29, 2010
		First Quarter 12 Weeks				Second Quarter 12 Weeks				Third Quarter 12 Weeks				Fourth Quarter 16 Weeks				Total 52 Weeks
REVENUE
Net sales		$	16,922			$	18,356			$	17,385			$	23,592			$	76,255
Membership fees			377				386				395				533				1,691

Total revenue			17,299				18,742				17,780				24,125				77,946
OPERATING EXPENSES
Merchandise costs			15,081				16,396				15,494				21,024				67,995
Selling, general and administrative			1,777				1,873	⁽³⁾			1,789				2,401				7,840
Preopening expenses			11				3				3				9				26
Provision for impaired assets and closing costs, net			2				0				3				3				8

Operating income			428				470				491				688				2,077
OTHER INCOME (EXPENSE)
Interest expense			(24	)			(26	)			(27	)			(34	)			(111	)
Interest income and other, net			18				30				10				30				88

INCOME BEFORE INCOME TAXES			422				474				474				684				2,054
Provision for income taxes			152				169				163				247				731

Net income including noncontrolling interests			270				305				311				437				1,323
Net income attributable to noncontrolling interests			(4	)			(6	)			(5	)			(5	)			(20	)

NET INCOME ATTRIBUTABLE TO COSTCO		$	266			$	299			$	306			$	432			$	1,303

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
Basic		$	0.61			$	0.68			$	0.69			$	0.99			$	2.97

Diluted		$	0.60			$	0.67			$	0.68			$	0.97			$	2.92

Shares used in calculation (000's)
Basic			437,173				439,786				440,973				437,071				438,611
Diluted			444,849				446,918				448,391				444,289				445,970
Dividends per share		$	0.180			$	0.180			$	0.205			$	0.205			$	0.77

(3)	Includes a $22 charge related to a change in employee benefits whereby certain unused time off will now be paid annually to our employees.