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	Feb '26 Feb 15, 2026	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	8,549	8,099	7,367	6,292	5,915	5,079
Depreciation & Amortization	2,520	2,426	2,237	2,077	1,900	1,781
Stock-Based Compensation	898	860	818	774	724	665
Other Adjustments	305	186	306	907	416	430
Changes in Inventories	138	559	-2,068	1,228	-4,003	-1,892
Changes in Accounts Payable	1,593	404	1,938	-382	1,891	1,838
Changes in Other Operating Activities	970	801	741	172	549	1,057
Operating Cash Flow	15,011	13,335	11,339	11,068	7,392	8,958
Operating Cash Flow Growth	25.46%	17.60%	2.45%	49.73%	-17.48%	1.09%
Capital Expenditures	-5,912	-5,498	-4,710	-4,323	-3,891	-3,588
Purchases of Investments	-933	-1,028	-1,470	-1,622	-1,121	-1,331
Proceeds from Sale of Investments	899	1,141	1,790	937	1,145	1,446
Other Investing Activities	74	74	-19	36	-48	-62
Investing Cash Flow	-5,872	-5,311	-4,409	-4,972	-3,915	-3,535
Short-Term Debt Issued	582	816	928	917	53	41
Short-Term Debt Repaid	-538	-862	-920	-935	-6	-
Net Short-Term Debt Issued (Repaid)	44	-46	8	-18	47	41
Long-Term Debt Issued	-	-	498	-	-	-
Long-Term Debt Repaid	-	-103	-1,077	-75	-800	-94
Net Long-Term Debt Issued (Repaid)	-	-103	-579	-75	-800	-94
Repurchase of Common Stock	-1,271	-1,296	-1,015	-979	-802	-808
Net Common Stock Issued (Repurchased)	-1,271	-1,296	-1,015	-979	-802	-808
Common Dividends Paid	-2,822	-2,183	-9,041	-1,251	-1,498	-5,748
Other Financing Activities	-86	-147	-137	-291	-1,230	121
Financing Cash Flow	-4,238	-3,775	-10,764	-2,614	-4,283	-6,488
Effect of Exchange Rate Changes on Cash and Cash Equivalents	126	6	40	15	-249	46
Net Cash Flow	5,027	4,255	-3,794	3,497	-1,055	-1,019
Free Cash Flow	9,099	7,837	6,629	6,745	3,501	5,370
Free Cash Flow Growth	16.10%	18.22%	-1.72%	92.66%	-34.80%	-11.25%
FCF Margin	3.18%	2.85%	2.61%	2.78%	1.54%	2.74%
Free Cash Flow Per Share	20.47	17.62	14.90	15.18	7.87	12.09
Levered Free Cash Flow	7,902	6,642	4,934	4,971	1,537	4,150
Unlevered Free Cash Flow	7,517	6,465	5,161	4,787	2,326	4,296

Updated Feb 15, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.