Give A Brief Description Of The Status Of The Attached

Give a brief description of the status of the attached STATEMENT OF INCOME

COSTCO WHOLESALE CORPORATION

CONSOLIDATED BALANCE SHEETS (Amounts in millions, except par value and share data)



	August 30, 2015			August 31, 2014
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	4,801		$	5,738
Short-term investments	1,618			1,577
Receivables, net	1,224			1,148
Merchandise inventories	8,908			8,456
Deferred income taxes and other current assets	748			669
Total current assets	17,299			17,588
PROPERTY AND EQUIPMENT
Land	4,961			4,716
Buildings and improvements	12,618			12,522
Equipment and fixtures	5,274			4,845
Construction in progress	811			592
	23,664			22,675
Less accumulated depreciation and amortization	(8,263		)	(7,845		)
Net property and equipment	15,401			14,830
OTHER ASSETS	740			606
TOTAL ASSETS	$	33,440		$	33,024
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Accounts payable	$	9,011		$	8,491
Current portion of long-term debt	1,283			0
Accrued salaries and benefits	2,468			2,231
Accrued member rewards	813			773
Deferred membership fees	1,269			1,254
Other current liabilities	1,696			1,663
Total current liabilities	16,540			14,412
LONG-TERM DEBT, excluding current portion	4,864			5,093
DEFERRED INCOME TAXES AND OTHER LIABILITIES	1,193			1,004
Total liabilities	22,597			20,509
COMMITMENTS AND CONTINGENCIES
EQUITY
Preferred stock $.005 par value; 100,000,000 shares authorized; no shares issued and outstanding	0			0
Common stock $.005 par value; 900,000,000 shares authorized; 437,952,000 and 437,683,000 shares issued and outstanding	2			2
Additional paid-in capital	5,218			4,919
Accumulated other comprehensive loss	(1,121		)	(76		)
Retained earnings	6,518			7,458
Total Costco stockholders’ equity	10,617			12,303
Noncontrolling interests	226			212
Total equity	10,843			12,515
TOTAL LIABILITIES AND EQUITY	$	33,440		$	33,024

The accompanying notes are an integral part of these consolidated financial statements.

Give a brief description in a paragraph of the status of the attached STATEMENT OF INCOME

COSTCO WHOLESALE CORPORATION

CONSOLIDATED STATEMENTS OF INCOME (amounts in millions, except per share data)


	52 Weeks Ended			52 Weeks Ended			52 Weeks Ended
	August 30, 2015			August 31, 2014			September 1, 2013
REVENUE
Net sales	$	113,666		$	110,212		$	102,870
Membership fees	2,533			2,428			2,286
Total revenue	116,199			112,640			105,156
OPERATING EXPENSES
Merchandise costs	101,065			98,458			91,948
Selling, general and administrative	11,445			10,899			10,104
Preopening expenses	65			63			51
Operating income	3,624			3,220			3,053
OTHER INCOME (EXPENSE)
Interest expense	(124		)	(113		)	(99		)
Interest income and other, net	104			90			97
INCOME BEFORE INCOME TAXES	3,604			3,197			3,051
Provision for income taxes	1,195			1,109			990
Net income including noncontrolling interests	2,409			2,088			2,061
Net income attributable to noncontrolling interests	(32		)	(30		)	(22		)
NET INCOME ATTRIBUTABLE TO COSTCO	$	2,377		$	2,058		$	2,039
NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:
Basic	$	5.41		$	4.69		$	4.68
Diluted	$	5.37		$	4.65		$	4.63
Shares used in the calculation (000’s)
Basic	439,455			438,693			435,741
Diluted	442,716			442,485			440,512
CASH DIVIDENDS DECLARED PER COMMON SHARE	$	6.51		$	1.33

COSTCO WHOLESALE CORPORATION

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (amounts in millions)



	52 Weeks Ended			52 Weeks Ended		52 Weeks Ended
	August 30, 2015			August 31, 2014		September 1, 2013
NET INCOME INCLUDING NONCONTROLLING INTERESTS	$	2,409		$	2,088	$	2,061
Foreign-currency translation adjustment and other, net	(1,063		)	49		(278		)
Comprehensive income	1,346			2,137		1,783
Less: Comprehensive income attributable to noncontrolling interests	14			33		22
COMPREHENSIVE INCOME ATTRIBUTABLE TO COSTCO	$	1,332		$	2,104	$	1,761