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COSTCO Team 4 Financial Statement Presentation
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Costco Wholesale Corporation and its subsidiaries (Costco or the Company) began operations in 1983 in Seattle, Washington. The company operates its company to members only in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Australia, Spain and through majority-owned subsidiaries in Taiwan and Korea. Costco can be located on the common stock trade NASDAQ Global Select Market under the symbol “COST.”
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Costco reports on a 52/53-week fiscal year, consisting of thirteen, four-week periods and ending on the Sunday nearest the end of August. The first three quarters consist of three periods each, and the fourth quarter consists of four periods (five weeks in the thirteenth period in a 53-week year). Increased net sales are gained during the winter holiday season.
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At the end of Costco’s most recent reporting period ending August 30, 2015, their total assets were stated to NASDAQ as thirty-three million, four hundred forty dollars ($33,440,000). Per the financial data observed from the United States Securities and Exchange Commission, Form 10-K, Costco’s prior total assets from August 31, 2014, increased by.93%. This slight increase was attributed to increased holiday sales from the prior year in 2014. Costco Wholesale Corporation Reports Fourth Quarter & Fiscal Year 2015 Operating Results.
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Costco Reports on a 52/53-week fiscal year, consisting of thirteen, four-week periods and ending on the Sunday nearest the end of August. The first three quarters consist of three periods each, and the fourth quarter consists of four periods (five weeks in the thirteenth period of a 53- week year). Increased net sales are usually gained during the winter holiday season. 4 Weeks 16 Weeks 52 Weeks U.S. 1% 2% 3% International -11% -9% -4% Total Company -2% % 1% Comparable sales for the four, sixteen, and fifty-two week periods were as follows: Comparable sales for these periods, excluding the negative impacts from gasoline price deflation and foreign exchange, were as follows:
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Costco also invested $2.4 billion into the business while opening 23 warehouses worldwide Plans for 2016 include the opening of 32 new warehouses
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Accounts Payable The amount of accounts payable in the last reporting period was $12,292,000 in August of 2015 compared to August, 2014 when it was $11,495,000 This yields an increase of $797,000 over a one year reporting period. Costco has delivered impressive gains for investors over the long-term. Shares of the discount retailer are up by almost 240% in the last decade. Even better, there are solid reasons to believe that Costco still offers attractive upside potential in the years ahead. I believe the increase is due to supply and demand. More consumers are shopping at Costco in order to obtain items in bulk which usually provides them a better monetary deal.
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Costco’s stock trading for March 20, 2016.
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COSTCO LEGO: https://www.bing.com/images/search?q=Costco+&view=detailv2&&id=4344814E72B25E49A29C98708981D7B084EE0C42&selectedIndex=0&ccid=KPNSXXyq&simid=608004 526351387634&thid=OIP.M28f3525d7caa4d25dc09fbd7dc39277aH0&ajaxhist=0 COSTCO HOLIDAY DECORATIONS: https://www.bing.com/images/search?q=costco+holiday+decorations&view=detailv2&&id=04B8BC32770D471E476DB3505CADCCCA663F70BA&selectedIndex=57&ccid=20B Ks%2fRM&simid=607995386673892149&thid=OIP.Mdb404ab3f44cb949efe624b2fcad54eco0&ajaxhist=0 NASDAQ COSTCO WHOLESALE STOCK CERTIFICATION: https://www.bing.com/images/search?q=Costco+Wholesale+Stock&view=detailv2&&id=9F0F3BA18A3E8B7A249A865DD63F660B6C6B594A&selectedIndex=4&ccid=tmVxSCww&simid=608032039921976741 &thid=OIP.Mb66571482c30c9894a95e48f8cbf6e15o0&ajaxhist=0https://www.bing.com/images/search?q=Costco+Wholesale+Stock&view=detailv2&&id=9F0F3BA18A3E8B7A249A865DD63F660B6C6B594A&selectedIndex=4&ccid=tmVxSCww&simid=608032039921976741 &thid=OIP.Mb66571482c30c9894a95e48f8cbf6e15o0&ajaxhist=0. COSTCO REVENUE: bing.com/images/search?q=costco+holiday+decorations&view=detailv2&&id=04B8BC32770D471E476DB3505CADCCCA663F70BA&selectedIndex=57&ccid=20BKs%2fRM&si mid=607995386673892149&thid=OIP.Mdb404ab3f44cb949efe624b2fcad54eco0&ajaxhist=0 COSTCO WHOLESALE CORPORATION REPORTS AUGUST, FOURTH QUARTER AND FISCAL YEAR 2015 SALES RESULTS: http://www.msn.com/en-us/news/other/costco-wholesale-corporation-reports-august-fourth-quarter-and-fiscal-year-2015-sales-results/ar-AAdTXPh COSTCO WAREHOUSE: https://www.bing.com/images/search?q=costco+holiday+decorations&view=detailv2&&id=04B8BC32770D471E476DB3505CADCCCA663F70BA&selectedIndex=57&ccid=20B Ks%2fRM&simid=607995386673892149&thid=OIP.Mdb404ab3f44cb949efe624b2fcad54eco0&ajaxhist=0 ACCOUNTS PAYABLE PROCESS FLOW CHART: https://www.bing.com/images/search?q=Accounts+Payable+Process+Flow+Chart&view=detailv2&&id=F26BA032059DE8501077C723A40613279B50D12B&selectedIndex=7&ccid=3pta7L5I&simid=608018794 237199453&thid=OIP.Mde9b5aecbe4826b39d2b16fa251549b8H0&ajaxhist=0 Costco Stock : http://www.marketwatch.com/investing/stock/cost
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