Costco Historical Income Statement
| COST Stock | 46.06 0.25 0.55% |
Historical analysis of Costco Wholesale income statement accounts such as Net Interest Income of 450.4 M, Interest Income of 643.6 M or Interest Expense of 146.5 M can show how well Costco Wholesale Corp performed in making a profits. Evaluating Costco Wholesale income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Costco Wholesale's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Costco Wholesale Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Costco Wholesale Corp is a good buy for the upcoming year.
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About Costco Income Statement Analysis
Costco Wholesale Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Costco Wholesale shareholders. The income statement also shows Costco investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Costco Wholesale Income Statement Chart
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Tax Provision
The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.Total Revenue
Total revenue comprises all receipts Costco Wholesale Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Costco Wholesale Corp minus its cost of goods sold. It is profit before Costco Wholesale operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Costco Wholesale's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Costco Wholesale Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At present, Costco Wholesale's Interest Income is projected to increase significantly based on the last few years of reporting.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 27.6B | 29.7B | 34.2B | 26.1B | Total Revenue | 227.0B | 242.3B | 278.6B | 206.5B |
Costco Wholesale income statement Correlations
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Costco Wholesale Account Relationship Matchups
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High Negative Relationship
Costco Wholesale income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Tax Provision | 1.3B | 1.6B | 1.9B | 2.2B | 2.5B | 1.7B | |
| Net Interest Income | (71M) | (130M) | 47M | 373M | 429.0M | 450.4M | |
| Interest Income | 89M | 41M | 205M | 533M | 613.0M | 643.6M | |
| Interest Expense | 150M | 160M | 171M | 158M | 184M | 146.5M | |
| Selling General Administrative | 16.3B | 18.5B | 19.8B | 21.6B | 24.8B | 19.3B | |
| Total Revenue | 166.8B | 195.9B | 227.0B | 242.3B | 278.6B | 206.5B | |
| Gross Profit | 21.8B | 25.2B | 27.6B | 29.7B | 34.2B | 26.1B | |
| Operating Income | 5.4B | 6.7B | 7.8B | 8.1B | 9.3B | 6.8B | |
| Net Income From Continuing Ops | 4.1B | 5.1B | 5.9B | 6.3B | 7.2B | 5.2B | |
| Ebit | 5.4B | 6.8B | 7.9B | 8.5B | 9.8B | 6.9B | |
| Ebitda | 6.4B | 7.2B | 8.6B | 8.0B | 9.2B | 8.0B | |
| Cost Of Revenue | 144.9B | 170.7B | 199.4B | 212.6B | 244.5B | 180.3B | |
| Total Operating Expenses | 161.3B | 189.2B | 219.2B | 234.2B | 269.3B | 199.6B | |
| Reconciled Depreciation | 1.6B | 1.8B | 1.9B | 2.1B | 2.4B | 1.9B | |
| Income Before Tax | 5.4B | 6.7B | 7.8B | 8.5B | 9.8B | 6.9B | |
| Total Other Income Expense Net | 3M | 102M | 144M | 29M | 33.4M | 31.7M | |
| Net Income Applicable To Common Shares | 4.0B | 5.0B | 5.8B | 6.3B | 7.2B | 5.1B | |
| Net Income | 4.0B | 5.0B | 5.8B | 6.3B | 7.2B | 5.1B | |
| Income Tax Expense | 1.3B | 1.6B | 1.9B | 2.2B | 2.5B | 1.7B | |
| Minority Interest | (57M) | (72M) | (71M) | (10M) | (11.5M) | (12.1M) |
Pair Trading with Costco Wholesale
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Costco Wholesale position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Costco Wholesale will appreciate offsetting losses from the drop in the long position's value.Moving together with Costco Stock
The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Costco Wholesale - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Costco Wholesale Corp to buy it.
The correlation of Costco Wholesale is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Costco Wholesale can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.