HispanicBusiness

                        COSTCO WHOLESALE CORPORATION                     CONSOLIDATED STATEMENTS OF INCOME                (dollars in millions, except per share data)                                (unaudited)                                                       12 Weeks Ended                                                 --------------------------                                                 November 25,  November 20,                                                     2012          2011                                                 ------------  ------------REVENUE  Net sales                                      $     23,204  $     21,181  Membership fees                                         511           447                                                 ------------  ------------    Total revenue                                      23,715        21,628OPERATING EXPENSES  Merchandise costs                                    20,726        18,931  Selling, general and administrative                   2,332         2,144  Preopening expenses                                      18            10                                                 ------------  ------------    Operating income                                      639           543OTHER INCOME (EXPENSE)  Interest expense                                        (13)          (27)  Interest income and other, net                           20            37                                                 ------------  ------------INCOME BEFORE INCOME TAXES                                646           553  Provision for income taxes                              225           225                                                 ------------  ------------Net income including noncontrolling interests             421           328Net income attributable to noncontrolling interests                                                 (5)           (8)                                                 ------------  ------------NET INCOME ATTRIBUTABLE TO COSTCO                $        416  $        320                                                 ============  ============NET INCOME PER COMMON SHARE ATTRIBUTABLE TO COSTCO:  Basic                                          $       0.96  $       0.74                                                 ============  ============  Diluted                                        $       0.95  $       0.73                                                 ============  ============Shares used in calculation (000's)  Basic                                               433,423       434,222  Diluted                                             438,643       440,615CASH DIVIDENDS DECLARED PER COMMON SHARE         $      0.275  $      0.240                        COSTCO WHOLESALE CORPORATION                    CONDENSED CONSOLIDATED BALANCE SHEETS                            (dollars in millions)                                 (unaudited)Subject to Reclassifications                                                  November 25,  September 2,                                                      2012          2012                                                 ------------- -------------                     ASSETSCash and cash equivalents                        $       3,897 $       3,528Short-term investments                                   1,679         1,326Receivables, net                                         1,175         1,026Merchandise inventories                                  8,152         7,096Deferred income taxes and other current assets             502           550                                                 ------------- -------------  Total current assets                                  15,405        13,526Property and equipment, net                             13,251        12,961Other assets                                               667           653                                                 ------------- -------------TOTAL ASSETS                                     $      29,323 $      27,140                                                 ============= =============             LIABILITIES AND EQUITYAccounts payable                                 $       8,825 $       7,303Accrued salaries and benefits                            1,945         1,832Other current liabilities                                2,196         2,024Deferred membership fees                                 1,169         1,101                                                 ------------- -------------  Total current liabilities                             14,135        12,260Long-term debt, excluding current portion                1,366         1,381Deferred income taxes and other liabilities                990           981                                                 ------------- -------------  Total liabilities                                     16,491        14,622                                                 ------------- -------------Total Costco stockholders' equity                       12,665        12,361Noncontrolling interests                                   167           157                                                 ------------- -------------  Total equity                                          12,832        12,518                                                 ------------- -------------TOTAL LIABILITIES AND EQUITY                     $      29,323 $      27,140                                                 ============= =============