USD 2,892 Mil as of today(2019-10-18). Costco Wholesale Net Income explanation, calculation, historical data and more" />Costco Wholesale Net Income | COST - GuruFocus.com
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Costco Wholesale Net Income

: USD 2,892 Mil (TTM As of Aug. 2019)
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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Costco Wholesale's net income for the three months ended in Aug. 2019 was USD 1,097 Mil. Its net income for the trailing twelve months (TTM) ended in Aug. 2019 was USD 2,892 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Costco Wholesale's Earnings per Share (Diluted) for the three months ended in Aug. 2019 was USD 2.47.


Costco Wholesale Net Income Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Costco Wholesale Annual Data
Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,377.00 2,350.00 2,679.00 3,134.00 3,659.00

Costco Wholesale Quarterly Data
Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 Apr19 May19 Aug19
Net Income Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 767.00 889.00 0.00 906.00 1,097.00

Costco Wholesale Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Costco Wholesale's Net Income for the fiscal year that ended in Aug. 2019 is calculated as

Net Income(A: Aug. 2019 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=4765+-1061+0+-45
=3,659

Costco Wholesale's Net Income for the quarter that ended in Aug. 2019 is calculated as

Net Income(Q: Aug. 2019 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=1492+-382+0+-13
=1,097

Net Income for the trailing twelve months (TTM) ended in Aug. 2019 was 889 (Feb. 2019 ) + 0 (Apr. 2019 ) + 906 (May. 2019 ) + 1097 (Aug. 2019 ) = USD 2,892 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Costco Wholesale  (NAS:COST) Net Income Explanation

Net income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Costco Wholesale's Earnings per Share (Diluted) (EPS) for the quarter that ended in Aug. 2019 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Costco Wholesale Net Income Related Terms


Costco Wholesale Net Income Headlines

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