Costco
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Analysis of Costco Wholesale Corporations Stockholders Equity for fiscal year ending
September 3, 2006
Types of Stock:: Preferred and Common Stock
Par Value and stated value of each stock
Type of Stock
Par Value
Stated Value
Shares Authorized
Shares Issued
Shares Outstanding
Common
$0.005
100,000,000
Preferred
$0.005
900,000,000
462,279,000
472,480,000
Book Value = {(Stockholders Equity (-) Preferred Stock) / Avg. Outstanding Shares}
$0.0193 = ($9,143,439 / 472,480,000)
STOCKHOLDERS EQUITY
(dollars in thousands)
Sept. 3, 2006
Aug. 28, 2005
Preferred stock $.005 par value; 100,000,000 shares authorized; no shares issued and outstanding
Common stock $.005 par value; 900,000,000 shares authorized; 440,230,000 and 462,279,000 shares issued and outstanding
2,312
2,362
Additional paid-in capital
2,822,652
2,096,554
Accumulated other comprehensive income
277,263
158,039
Retained earnings
6,041,212
6,624,154
Total stockholders equity
9,143,439
8,881,109
Per the financial statement notes, the comprehensive income includes net income, plus certain other items that are recorded directly to stockholders equity. Accumulated other comprehensive income reported on the Companys consolidated balance sheets consists of foreign currency translation adjustments and unrealized gains and losses on short-term investments. The following table shows the components of comprehensive income, net of related tax effects:
Comprehensive Income
September 3, 2006
August 28, 2005
Net income
$1,103,215
$1,063,092
Unrealized losses on short-term investments, net of tax benefit of $210, $2,719 in 2006 and 2005, respectively
(330)
(4,378)
Foreign currency translation adjustment and other, net of tax provision of $4,088, $6,037 in 2006,