18 unchanged sentences
The following graph compares the cumulative total shareholder return (stock price appreciation and the reinvestment of dividends) on an investment of $100 in Costco common stock, S&P 500 Index, and the S&P 500 Retail Index over the five years from August 28, 2016, through August 29, 2021.
−Removed: Item 6—Selected Financial Data
The following graph provides information concerning average sales per warehouse over a 10 year period.
15 unchanged sentences
*First year sales annualized.
−Removed: 2012 and 2017 were 53-week fiscal years
−Removed: The following table sets forth information concerning our consolidated financial condition, operating results, and key operating metrics.
−Removed: This information should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations, included in Item 7 of this Report, and our consolidated financial statements and notes thereto, included in Item 8 of this Report.
−Removed: SELECTED FINANCIAL DATA
−Removed: (dollars in millions, except per share data)
−Removed: 30, 2020 Sept.
−Removed: 1, 2019 Sept.
−Removed: 2, 2018 Sept.
−Removed: As of and for the year ended (52 weeks) (52 weeks) (52 weeks) (53 weeks) (52 weeks)
−Removed: RESULTS OF OPERATIONS
−Removed: Net sales $ 163,220 $ 149,351 $ 138,434 $ 126,172 $ 116,073
−Removed: Membership fees 3,541 3,352 3,142 2,853 2,646
−Removed: Gross margin (1) as a percentage of net sales
−Removed: 11.20 % 11.02 % 11.04 % 11.33 % 11.35 %
−Removed: Selling, general and administrative expenses as a percentage of net sales
−Removed: 10.01 % 10.04 % 10.02 % 10.26 % 10.40 %
−Removed: Operating income $ 5,435 $ 4,737 $ 4,480 $ 4,111 $ 3,672
−Removed: Net income attributable to Costco
−Removed: 4,002 3,659 3,134 2,679 2,350
−Removed: Net income per diluted common share attributable to Costco
−Removed: 9.02 8.26 7.09 6.08 5.33
−Removed: Cash dividends declared per common share
−Removed: 2.70 2.44 2.14 8.90 1.70
−Removed: Changes in comparable sales (2)
−Removed: United States 8 % 8 % 9 % 4 % 1 %
−Removed: Canada 5 % 2 % 9 % 5 % (3) %
−Removed: Other International 9 % 2 % 11 % 2 % (3) %
−Removed: Total Company 8 % 6 % 9 % 4 % 0 %
−Removed: Changes in Total Company comparable sales excluding the impact of changes in foreign currency and gasoline prices (3)
−Removed: 9 % 6 % 7 % 4 % 4 %
−Removed: BALANCE SHEET DATA
−Removed: Net property and equipment $ 21,807 $ 20,890 $ 19,681 $ 18,161 $ 17,043
−Removed: Total assets 55,556 45,400 40,830 36,347 33,163
−Removed: Long-term debt, excluding current portion
−Removed: 7,514 5,124 6,487 6,573 4,061
−Removed: Costco stockholders’ equity 18,284 15,243 12,799 10,778 12,079
−Removed: WAREHOUSE INFORMATION
−Removed: Warehouses in Operation
−Removed: Beginning of year 782 762 741 715 686
−Removed: Opened 16 25 25 28 33
−Removed: Closed due to relocation (3) (5) (4) (2) (4)
−Removed: End of year 795 782 762 741 715
−Removed: MEMBERSHIP INFORMATION
−Removed: Total paid members (000's) (4)
−Removed: 58,100 53,900 51,600 49,400 47,600
−Removed: Total executive members (000's) (5)
−Removed: 22,600 20,800 19,300 18,500 17,400
−Removed: ______________
−Removed: (1) Net sales less merchandise costs.
−Removed: (2) Includes net sales from warehouses and websites operating for more than one year.
−Removed: For 2017, the prior year includes the comparable 53 weeks.
−Removed: (3) Excluding the impact of the revenue recognition standard for the year ended September 1, 2019.
−Removed: (4) 2020 includes an additional 1.3 million due to standardizing our membership count methodology globally to be consistent with the U.S.
−Removed: (5) Counts are included in total paid members
+Added: 2017 was a 53-week fiscal year
+Added: Item 6—Reserved
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.