Costco Wholesale (COST) FY2022 results: revenue $227.0 billion, up 15.8% on the year
Costco Wholesale Corp. (COST) reported revenue of $227.0 billion for fiscal 2022, the year ended 28 August 2022, up 15.8% on the year before. Net income was $5.8 billion, up 16.7%, and diluted earnings per share $13.14. The figures are the company's own, from the 10-K it filed with the SEC on 5 October 2022.
Revenue
$227.0 billion
+15.8% on the year
FY2015FY2022
Operating margin
3.4%
3.4% a year earlier
FY2015FY2022
Net income
$5.8 billion
+16.7% on the year
FY2015FY2022
Diluted EPS
$13.14
+16.6% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
7,392
8,958
8,861
-17.5%
Capital expenditure
3,891
3,588
2,810
+8.4%
Free cash flow
3,501
5,370
6,051
-34.8%
Free cash flow margin
1.5%
2.7%
3.6%
Cash from investing
-3,915
-3,535
-3,891
Cash from financing
-4,283
-6,488
-1,147
Depreciation and amortisation
1,900
1,781
1,645
+6.7%
Share-based compensation
724
665
619
+8.9%
Buybacks
439
496
196
-11.5%
Dividends paid
1,498
5,748
1,479
-73.9%
Diluted shares, weighted
445m
444m
444m
+0.1%
Shares outstanding at period end
443m
442m
441m
+0.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
20,642
17,564
18,284
+17.5%
Non-controlling interest
5.0
514
421
-99.0%
Debt
6,557
7,531
7,657
-12.9%
Operating lease liabilities
2,482
2,642
2,558
-6.1%
Finance lease liabilities
n/a
n/a
657
Other liabilities
34,480
31,017
25,979
+11.2%
Total liabilities and equity
64,166
59,268
55,556
+8.3%
Fixed assets
24,646
23,492
21,807
+4.9%
Goodwill
993
996
988
-0.3%
Investments
846
917
1,028
-7.7%
Cash and equivalents
10,203
11,258
12,277
-9.4%
Receivables
2,241
1,803
1,550
+24.3%
Inventory
17,907
14,215
12,242
+26.0%
Other assets
7,330
6,587
5,664
+11.3%
Total assets
64,166
59,268
55,556
+8.3%
10-K for the year ended 28 August 2022, filed 5 October 2022: the filing.