Note 13—Quarterly Financial Data (Unaudited)

The two tables that follow reflect the unaudited quarterly results of operations for 2012 and 2011.


	53 Weeks Ended September 2, 2012
	First Quarter 12 Weeks			Second Quarter 12 Weeks			Third Quarter 12 Weeks			Fourth Quarter 17 Weeks			Total 53 Weeks
REVENUE
Net sales	$	21,181		$	22,508		$	21,849		$	31,524		$	97,062
Membership fees		447			459			475			694			2,075

Total revenue		21,628			22,967			22,324			32,218			99,137
OPERATING EXPENSES
Merchandise costs		18,931			20,139			19,543			28,210	⁽⁴⁾		86,823
Selling, general and administrative		2,144	⁽¹⁾		2,178			2,152			3,044			9,518
Preopening expenses		10			6			6			15			37

Operating income		543			644			623			949			2,759
OTHER INCOME (EXPENSE)
Interest expense		(27	)		(27	)		(19	)		(22	)		(95	)
Interest income and other, net		37			10			18			38			103

INCOME BEFORE INCOME TAXES		553			627			622			965			2,767
Provision for income taxes		225	⁽²⁾		215			217			343			1,000

Net income including noncontrolling interests		328			412			405			622			1,767
Net income attributable to noncontrolling interests		(8	)		(18	)		(19	)		(13	)		(58	)

NET INCOME ATTRIBUTABLE TO COSTCO	$	320		$	394		$	386		$	609		$	1,709

NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
Basic	$	0.74		$	0.91		$	0.89		$	1.41		$	3.94

Diluted	$	0.73		$	0.90		$	0.88		$	1.39		$	3.89

Shares used in calculation (000’s)
Basic		434,222			434,535			433,791			432,437			433,620
Diluted		440,615			439,468			439,166			438,344			439,373
CASH DIVIDENDS DECLARED PER COMMON SHARE	$	0.240		$	0.240		$	0.000	⁽³⁾	$	0.550	⁽⁵⁾	$	1.03

⁽¹⁾	Includes a $17 charge to selling, general and administrative for contributions to an initiative reforming alcohol beverage laws in Washington State.

⁽²⁾	Includes a $24 charge relating to the settlement of an income tax audit in Mexico (See Note 9—Income Taxes).

⁽³⁾	On May 9, 2012, subsequent to the end of the third quarter of 2012, the Board of Directors declared a quarterly cash dividend of $0.275 per share.

⁽⁴⁾	Includes a $12 increase to merchandise costs for a LIFO inventory adjustment (see Note 1—Merchandise Inventories).

⁽⁵⁾	Our current quarterly dividend rate is $0.275 per share.


	52 Weeks Ended August 28, 2011
	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	⁽¹⁾		18,067	⁽¹⁾		24,680	⁽¹⁾		77,739
Selling, general and administrative		1,945			2,040			1,992			2,714			8,691
Preopening expenses		12			4			8			22			46

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
CASH DIVIDENDS DECLARED PER COMMON SHARE	$	0.205		$	0.205		$	0.240		$	0.240		$	0.89

⁽¹⁾	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).