COSTCO WHOLESALE CORP /NEW | 2013 | FY | 3


The Company and its subsidiaries are principally engaged in the operation of membership warehouses in the U.S., Canada, Mexico, the United Kingdom, Japan, and Australia and through majority-owned subsidiaries in Taiwan and Korea. The Company’s reportable segments are largely based on management’s organization of the operating segments for operational decisions and assessments of financial performance, which considers geographic locations. The material accounting policies of the segments are the same as described in Note 1. All material inter-segment net sales and expenses have been eliminated in computing total revenue and operating income. Certain operating expenses, predominantly stock-based compensation, are incurred on behalf of the Company's Canadian and Other International Operations, but are included in the U.S. Operations because those costs are not allocated internally and generally come under the responsibility of the Company's U.S. management team.
 
 
United States
Operations
 
Canadian
Operations
 
Other
International
Operations
 
Total
2013
 
 
 
 
 
 
 
Total revenue
$
75,493

 
$
17,179

 
$
12,484

 
$
105,156

Operating income
1,810

 
756

 
487

 
3,053

Depreciation and amortization
696

 
123

 
127

 
946

Additions to property and equipment
1,090

 
186

 
807

 
2,083

Net property and equipment
9,652

 
1,621

 
2,608

 
13,881

Total assets
20,608

 
4,529

 
5,146

 
30,283

2012

 

 

 

Total revenue
$
71,776

 
$
15,717

 
$
11,644

 
$
99,137

Operating income
1,632

 
668

 
459

 
2,759

Depreciation and amortization
667

 
117

 
124

 
908

Additions to property and equipment
1,012

 
170

 
298

 
1,480

Net property and equipment
9,236

 
1,664

 
2,061

 
12,961

Total assets
18,401

 
4,237

 
4,502

 
27,140

2011

 

 

 

Total revenue
$
64,904

 
$
14,020

 
$
9,991

 
$
88,915

Operating income
1,395

 
621

 
423

 
2,439

Depreciation and amortization
640

 
117

 
98

 
855

Additions to property and equipment
876

 
144

 
270

 
1,290

Net property and equipment
8,870

 
1,608

 
1,954

 
12,432

Total assets
18,558

 
3,741

 
4,462

 
26,761


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