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	2016 - 2020
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	2016 - 2020
Net Income	8,302	8,099	7,367	6,292	5,844	5,007	Upgrade
Depreciation & Amortization	2,475	2,426	2,237	2,077	1,900	1,781	Upgrade
Asset Writedown & Restructuring Costs	-117	-117	-9	495	39	144	Upgrade
Stock-Based Compensation	883	860	818	774	724	665	Upgrade
Other Operating Activities	373	303	315	412	448	358	Upgrade
Change in Inventory	559	559	-2,068	1,228	-4,003	-1,892	Upgrade
Change in Accounts Payable	404	404	1,938	-382	1,891	1,838	Upgrade
Change in Other Net Operating Assets	1,884	801	741	172	549	1,057	Upgrade
Operating Cash Flow	14,763	13,335	11,339	11,068	7,392	8,958	Upgrade
Operating Cash Flow Growth	48.40%	17.60%	2.45%	49.73%	-17.48%	1.09%	Upgrade
Capital Expenditures	-5,760	-5,498	-4,710	-4,323	-3,891	-3,588	Upgrade
Investment in Securities	-36	113	320	-685	24	115	Upgrade
Other Investing Activities	72	74	-19	36	-48	-62	Upgrade
Investing Cash Flow	-5,724	-5,311	-4,409	-4,972	-3,915	-3,535	Upgrade
Short-Term Debt Issued	-	816	928	917	53	41	Upgrade
Long-Term Debt Issued	-	-	498	-	-	-	Upgrade
Total Debt Issued	683	816	1,426	917	53	41	Upgrade
Short-Term Debt Repaid	-	-862	-920	-935	-6	-	Upgrade
Long-Term Debt Repaid	-	-250	-1,214	-366	-980	-161	Upgrade
Total Debt Repaid	-920	-1,112	-2,134	-1,301	-986	-161	Upgrade
Net Debt Issued (Repaid)	-237	-296	-708	-384	-933	-120	Upgrade
Repurchase of Common Stock	-1,267	-1,296	-1,015	-979	-802	-808	Upgrade
Common Dividends Paid	-2,245	-2,183	-2,386	-1,251	-1,498	-5,748	Upgrade
Other Financing Activities	-	-	-	-	-1,050	188	Upgrade
Financing Cash Flow	-3,749	-3,775	-10,764	-2,614	-4,283	-6,488	Upgrade
Foreign Exchange Rate Adjustments	20	6	40	15	-249	46	Upgrade
Net Cash Flow	5,310	4,255	-3,794	3,497	-1,055	-1,019	Upgrade
Free Cash Flow	9,003	7,837	6,629	6,745	3,501	5,370	Upgrade
Free Cash Flow Growth	79.56%	18.22%	-1.72%	92.66%	-34.80%	-11.25%	Upgrade
Free Cash Flow Margin	3.21%	2.85%	2.60%	2.78%	1.54%	2.74%	Upgrade
Free Cash Flow Per Share	20.25	17.62	14.90	15.18	7.87	12.09	Upgrade
Cash Interest Paid	106	106	129	125	145	149	Upgrade
Cash Income Tax Paid	2,917	2,917	2,319	2,234	1,940	1,527	Upgrade
Levered Free Cash Flow	7,240	5,899	4,468	5,458	2,355	4,342	Upgrade
Unlevered Free Cash Flow	7,335	5,995	4,573	5,558	2,453	4,449	Upgrade
Change in Working Capital	2,847	1,764	611	1,018	-1,563	1,003	Upgrade

Updated Nov 23, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.