Costco Wholesale Corporation (COST) quarterly cash flow statement — complete operating, investing & financing history
Costco Wholesale Corporation (COST) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Cash from Operations | 4.69B | 3.45B | 3B | 4.69B | 3.87B | 3.46B | 2.75B | 3.26B | 2.96B | 3B | 731M | 4.65B | 3.73B | 1.54B | 3.19B | 2.61B | 2.51B | 1.23B | 401M | 3.26B |
| Operating CF Margin % | 4.9% | 4.89% | 4.3% | 6.97% | 4.49% | 5.47% | 4.31% | 5.25% | 3.71% | 5.13% | 1.25% | 8.05% | 4.72% | 2.87% | 5.78% | 4.79% | 3.48% | 2.33% | 0.77% | 6.47% |
| Operating CF Growth % | 21.33% | -0.32% | 9.02% | 43.8% | 30.73% | 15.37% | 275.92% | -29.91% | -20.59% | 94.61% | -77.1% | 78.2% | 48.64% | 25.59% | 696.01% | -19.89% | -14.76% | -63.19% | 955.26% | 23.08% |
| Net Income | 3B | 2.19B | 2.04B | 2B | 2.61B | 1.9B | 1.79B | 1.8B | 2.35B | 1.68B | 1.74B | 1.59B | 2.16B | 1.3B | 1.47B | 1.36B | 1.88B | 1.37B | 1.32B | 1.34B |
| Depreciation & Amortization | 883M | 597M | 597M | 597M | 774M | 552M | 552M | 548M | 706M | 516M | 514M | 501M | 688M | 472M | 470M | 447M | 601M | 431M | 436M | 432M |
| Stock-Based Compensation | 153M | 119M | 166M | 486M | 140M | 106M | 151M | 463M | 132M | 106M | 136M | 444M | 131M | 94M | 147M | 402M | 118M | 90M | 128M | 388M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4M | -16M | -2M | -35M | 13M | -13M | -2M |
| Other Non-Cash Items | -876M | 42M | 1.73B | 70M | -7M | 135M | 58M | 0 | 121M | 44M | 24M | 117M | 166M | 384M | 145M | 234M | 157M | 47M | 66M | 183M |
| Working Capital Changes | 1.53B | 499M | -1.53B | 1.53B | 350M | 764M | 199M | 451M | -355M | 652M | -1.69B | 2B | 580M | -707M | 980M | 165M | -213M | -726M | -1.54B | 912M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | -3.16B | 0 | 3.16B | -3.16B | 584M | 337M | 2.18B | -2.54B | -1.24B | -406M | 959M | -1.38B | -368M | -253M | 2.59B | -737M | -370M | -1.31B | 438M | -2.76B |
| Change in Payables | 3.82B | 0 | -3.82B | 3.82B | -200M | 1.06B | -3.06B | 2.6B | 558M | 1.38B | -2.85B | 2.85B | 490M | 545M | -1.9B | 487M | 125M | 796M | -2.42B | 3.39B |
| Cash from Investing | -2.23B | -1.59B | -1.17B | -1.4B | -1.97B | -1.34B | -1.02B | -985M | -1.7B | -954M | -1.39B | -366M | -1.82B | -1.28B | -808M | -1.06B | -2.33B | -1.03B | -481M | -912M |
| Capital Expenditures | -2.21B | -1.41B | -1.29B | -1.53B | -1.97B | -1.13B | -1.14B | -1.26B | -1.58B | -1.06B | -1.03B | -1.04B | -1.56B | -820M | -890M | -1.06B | -1.26B | -854M | -723M | -1.05B |
| CapEx % of Revenue | 2.31% | 2% | 1.85% | 2.27% | 2.28% | 1.79% | 1.78% | 2.03% | 1.98% | 1.81% | 1.76% | 1.8% | 1.97% | 1.53% | 1.61% | 1.94% | 1.75% | 1.62% | 1.39% | 2.09% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -842M | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 22M | 17M | 4M | -17M | 98M | -11M | 2M | -15M | -12M | -16M | 13M | -4M | 63M | 7M | -13M | -21M | 0 | -5M | 0 | -43M |
| Cash from Financing | -1.18B | -278M | -730M | -1.17B | -1.59B | -748M | -241M | -1.19B | -1.82B | -698M | -7.28B | -974M | -664M | -735M | -352M | -863M | -1.1B | -676M | -828M | -839M |
| Debt Issued (Net) | 369M | -71M | 57M | -23M | -159M | -20M | -35M | -82M | -1.08B | 0 | -9M | 385M | -278M | -111M | -91M | -108M | 13M | -13M | -760M | -40M |
| Equity Issued (Net) | -245M | -184M | -209M | -210M | -280M | -211M | -205M | -207M | -216M | -162M | -160M | -162M | -230M | -162M | -143M | -141M | -185M | -139M | -78M | -37M |
| Dividends Paid | -1.3B | 0 | -577M | -577M | -1.15B | -515M | 0 | -515M | -514M | -515M | -7.11B | -905M | -452M | -399M | 0 | -400M | -797M | -351M | 0 | -350M |
| Share Repurchases | -245M | -184M | -209M | -210M | -280M | -211M | -205M | -207M | -216M | -162M | -160M | -162M | -230M | -162M | -143M | -141M | -185M | -139M | -78M | -37M |
| Other Financing | 0 | -23M | -1M | -357M | -1M | -2M | -1M | -389M | -1M | -21M | 0 | -292M | 296M | -63M | -118M | -214M | -129M | -173M | 10M | -412M |
| Net Change in Cash | 1.26B | 1.56B | 1.17B | 2.06B | 325M | 1.48B | 1.45B | 1B | -498M | 1.31B | -7.92B | 3.31B | 1.21B | -477M | 2.11B | 653M | -990M | -626M | -932M | 1.49B |
| Free Cash Flow | 2.48B | 2.04B | 1.71B | 3.16B | 1.9B | 2.33B | 1.61B | 2B | 1.38B | 1.94B | -300M | 3.61B | 2.17B | 721M | 2.3B | 1.55B | 1.25B | 373M | -322M | 2.2B |
| FCF Margin % | 2.6% | 2.89% | 2.45% | 4.7% | 2.21% | 3.68% | 2.53% | 3.21% | 1.73% | 3.31% | -0.51% | 6.25% | 2.75% | 1.34% | 4.17% | 2.85% | 1.73% | 0.71% | -0.62% | 4.37% |
| FCF Growth % | 30.72% | -12.58% | 5.96% | 58.42% | 37.65% | 20.24% | 637% | -44.72% | -36.33% | 168.65% | -113.03% | 132.52% | 73.94% | 93.3% | 814.91% | -29.51% | -32.45% | -83.82% | 39.81% | 25.6% |
| FCF per Share | 5.59 | 4.58 | 3.84 | 7.11 | 4.27 | 5.24 | 3.62 | 4.49 | 3.10 | 4.35 | -0.67 | 8.13 | 4.88 | 1.62 | 5.18 | 3.49 | 2.80 | 0.84 | -0.72 | 4.95 |
| FCF Conversion (FCF/Net Income) | 1.57x | 1.57x | 1.47x | 2.34x | 1.48x | 1.82x | 1.54x | 1.81x | 1.26x | 1.78x | 0.42x | 2.93x | 1.72x | 1.18x | 2.18x | 1.91x | 1.34x | 0.91x | 0.31x | 2.46x |
| Interest Paid | 0 | 0 | 0 | 0 | -81M | 26M | 11M | 44M | 39M | 28M | 10M | 52M | 39M | 24M | 10M | 52M | 43M | 26M | 12M | 64M |
| Taxes Paid | 0 | 0 | 0 | 0 | -1.65B | 850M | 397M | 401M | 870M | 252M | 987M | 210M | 791M | 807M | 422M | 214M | 819M | 652M | 263M | 206M |