Costco Wholesale Cash Flow Statement

Financials in millions USD. Fiscal year is September - August.

Millions USD. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 23, 2025	Aug '25 Aug 31, 2025	Sep '24 Sep 1, 2024	Sep '23 Sep 3, 2023	Aug '22 Aug 28, 2022	Aug '21 Aug 29, 2021
Net Income	8,302	8,099	7,367	6,292	5,844	5,007
Depreciation & Amortization	2,475	2,426	2,237	2,077	1,900	1,781
Asset Writedown & Restructuring Costs	-117	-117	-9	495	39	144
Stock-Based Compensation	883	860	818	774	724	665
Other Operating Activities	373	303	315	412	448	358
Change in Inventory	-57	559	-2,068	1,228	-4,003	-1,892
Change in Accounts Payable	1,621	404	1,938	-382	1,891	1,838
Change in Other Net Operating Assets	1,283	801	741	172	549	1,057
Operating Cash Flow	14,763	13,335	11,339	11,068	7,392	8,958
Operating Cash Flow Growth	48.40%	17.60%	2.45%	49.73%	-17.48%	1.09%
Capital Expenditures	-5,760	-5,498	-4,710	-4,323	-3,891	-3,588
Investment in Securities	-36	113	320	-685	24	115
Other Investing Activities	72	74	-19	36	-48	-62
Investing Cash Flow	-5,724	-5,311	-4,409	-4,972	-3,915	-3,535
Short-Term Debt Issued	-	816	928	917	53	41
Long-Term Debt Issued	-	-	498	-	-	-
Total Debt Issued	683	816	1,426	917	53	41
Short-Term Debt Repaid	-	-862	-920	-935	-6	-
Long-Term Debt Repaid	-	-250	-1,214	-366	-980	-161
Total Debt Repaid	-920	-1,112	-2,134	-1,301	-986	-161
Net Debt Issued (Repaid)	-237	-296	-708	-384	-933	-120
Repurchase of Common Stock	-1,267	-1,296	-1,015	-979	-802	-808
Common Dividends Paid	-2,245	-2,183	-2,386	-1,251	-1,498	-5,748
Other Financing Activities	-	-	-	-	-1,050	188
Financing Cash Flow	-3,749	-3,775	-10,764	-2,614	-4,283	-6,488
Foreign Exchange Rate Adjustments	20	6	40	15	-249	46
Net Cash Flow	5,310	4,255	-3,794	3,497	-1,055	-1,019
Free Cash Flow	9,003	7,837	6,629	6,745	3,501	5,370
Free Cash Flow Growth	79.56%	18.22%	-1.72%	92.66%	-34.80%	-11.25%
Free Cash Flow Margin	3.21%	2.85%	2.60%	2.78%	1.54%	2.74%
Free Cash Flow Per Share	20.25	17.62	14.90	15.18	7.87	12.09
Cash Interest Paid	105	106	129	125	145	149
Cash Income Tax Paid	2,755	2,917	2,319	2,234	1,940	1,527
Levered Free Cash Flow	7,170	5,899	4,468	5,458	2,355	4,342
Unlevered Free Cash Flow	7,265	5,995	4,573	5,558	2,453	4,449
Change in Working Capital	2,847	1,764	611	1,018	-1,563	1,003

Source: S&P Global Market Intelligence. Standard template. Financial Sources.