22 of 500
Costco Wholesale
Costco Wholesale
22
Financials: Latest Results
Rank: 22
Previous rank: 24
CEO: W. Craig Jelinek

The bulk retailer had to absorb some bad press in 2012. Late in the year, Costco paid out a special dividend. The move was clearly designed to shirk taxes -- particularly for the company’s largest shareholders -- which were set to go up at the beginning of 2013. (Costco’s co-founder Jim Sinegal, a vocal Democrat, stood to save $4 million.) And Costco wasn’t alone in doing it. But it struck as a sign of desperation. The company borrowed $3.5 billion to pay the dividend.

Despite the weak economy, sales rose 11% to nearly $100 billion in 2012, as the company continued to expand, opening up 17 stores and pushing into new products. You can now get a mortgage and even home insurance at Costco, and you don’t have to insure your whole block.

Headquarters:
999 Lake Dr.
Issaquah, WA. 98027
425-313-8100
Website: www.costco.com
Network with Costco Wholesale
Key financials
$ millions
% change from 2011
Revenues
99,137
11.5
Profits
1,709
16.9
Assets
27,140
Stockholder's equity
12,361
Market cap (on 3/29/2013)
46,303.4
Profits as % of
Revenues
1.7
Assets
6.3
Stockholders' equity
13.8
Earnings per share
2012$
3.89
% change from 2011
17.9
2002-2012 annual growth rate %
10.1
Total return to investors
%
2012
28.3
2002-2012 annual rate
15.3
From the May 20, 2013 issue

Notes:
Figures are for fiscal year ended Aug. 31, 2012.
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Companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. More
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