Costco Wholesale Corporation, commonly known as Costco, is one of the largest retail giants in the world. It operates a chain of membership-only warehouse clubs and is known for its low prices on a wide range of products. While Costco is a publicly traded company, it is always interesting to know how much cash it has on hand.
According to its financial reports, as of the end of the fiscal year 2020, Costco had a total cash and cash equivalents of approximately $8.2 billion. This is a significant increase from the previous year when it reported $4.9 billion in cash and cash equivalents.
Costco’s healthy cash position can be attributed to its strong financial performance and its ability to generate cash flows from its operations. In the fiscal year 2020, Costco reported a net income of $4 billion, an increase of 9.7% compared to the previous year.
It is also worth noting that Costco has a history of returning value to its shareholders through dividends and share buybacks. In the fiscal year 2020, the company returned approximately $3.6 billion to its shareholders in the form of dividends and share buybacks.
In conclusion, Costco is a financially healthy company with a strong cash position. Its ability to generate cash flows from its operations and return value to shareholders makes it a desirable investment for many investors.