COMPREHENSIVE INCOME. Net income................... $264,464 28,415 $28,415 42,479 $425 $126,339 $142,078 28,415 $(4,378) Other comprehensive loss: Foreign currency translation adjustment... Tax on other comprehensive loss..................... (1,761) (1,761) 616 (1,761) Other comprehensive loss... (1,145) Total comprehensive income... $27,270 ======= Stock compensation........... 1,755 1,755 Repurchase and retirement of common stock............... (3,265) (576) (6) (3,259) Stock options exercised...... 1,279 260 3 1,276 Balance, December 31, 2001..... 290,887 42,163 422 126,111 170,493 (6,139) Comprehensive income: Net income................... 28,365 $28,365 28,365 Other comprehensive income: Foreign currency translation adjustment... 7,543 7,543 7,543 Tax on other comprehensive income................... (2,640) Other comprehensive income... 4,903 Total comprehensive income..... $33,268 ======= Stock compensation........... 2,072 2,072 Repurchase and retirement of common stock............... (7,018) (586) (6) (7,012) Stock options exercised...... 3,608 749 7 3,601 Balance, December 31, 2002..... 325,457 42,326 423 124,772 198,858 1,404 Comprehensive income: Net income................... 28,181 $28,181 28,181 Other comprehensive income: Foreign currency translation adjustment... 3,623 3,623 3,623 Tax on other comprehensive income................... (1,268) Other comprehensive income................... 2,355 Stock compensation........... 3,583 3,583 Repurchase and retirement of CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, --------------------------------- 2003 2002 2001 --------- --------- (DOLLARS IN THOUSANDS) CASH FLOWS FROM OPERATING ACTIVITIES: Net Income................................................ $ 28,181 $ 28,365 $ 28,415 Adjustments to reconcile cash provided by operating activities: Provision for credit losses............................. 10,459 23,935 14,034 Depreciation............................................ 4,469 4,718 4,652 Depreciation of leased assets........................... 4,210 9,669 12,485 Foreign currency loss on forward contracts.............. 2,817 -- -- Provision (credit) for deferred income taxes............ 12,712 1,838 (276) Stock-based compensation................................ 3,583 2,072 1,755 United Kingdom asset impairment......................... 10,493 -- -- Change in operating assets and liabilities: Accounts payable and accrued liabilities................ 1,081 (11,106) 11,607 Income taxes payable.........
COMPREHENSIVE INCOME. The changes in Accumulated other comprehensive loss, net of tax, are as follows: Balance at December 31, 2014 $ 13,285 Other comprehensive loss 12,288 Balance at December 31, 2015 $ 25,573
COMPREHENSIVE INCOME. (231) -------- $ 44,291 ======== (2,812) -------- $ 27,632 ======== -- -------- $ 27,139 ======== --------
COMPREHENSIVE INCOME. Cash dividends ($.56 per share)............ -------- (23,289) -------- $ 10,403 ======== -- (25,684) -- -- (25,684) Exercise of employee stock options and related income tax benefits.............. -- 328 -- 6,339 6,667 Purchase of common stock for treasury...... BALANCE, DECEMBER 28, 1997................. -- ------- 60,102 -- -------- 540,379 -- -------- (3,857) (28,104) --------- (268,236) (28,104) -------- 328,388 Comprehensive income: Net income............................... $102,002 -- 102,002 -- -- 102,002 Other comprehensive income, net of tax: Gross foreign currency translation adjustments.......................... 4,608 -- -- 4,608 -- 4,608 Reclassification adjustment for translation losses realized upon sale of Sealol Industrial Seals........... 3,115 -- -- 3,115 -- 3,115
COMPREHENSIVE INCOME. (16,558) -------- $ 88,699 ======== (18,104) -------- $102,225 ======== (39,519) -------- $371,836 ======== 1,021 -------- $432,276 ======== 16 COSTCO WHOLESALE CORPORATION NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA) (UNAUDITED) NOTE (3) -- DEBT Bank Credit Facilities and Commercial Paper Programs (all amounts stated in US dollars) The Company has in place a $500,000 commercial paper program supported by a $500,000 bank credit facility with a group of 11 banks, of which $250,000 expires on November 14, 2001 and $250,000 expires on November 15, 2005. At May 13, 2001, $76,000 was outstanding under the commercial paper program and no amounts were outstanding under the loan facility. In addition, a wholly owned Canadian subsidiary has a $130,000 commercial paper program supported by a $91,000 bank credit facility with three Canadian banks, which expires in March 2002. At May 13, 2001, no amounts were outstanding under the bank credit facility or the Canadian commercial paper program. The Company has agreed to limit the combined amount outstanding under the U.S. and Canadian commercial paper programs to the $591,000 combined amounts of the respective supporting bank credit facilities. Letters of Credit The Company has separate letter of credit facilities (for commercial and standby letters of credit), totaling approximately $318,000. The outstanding commitments under these facilities at May 13, 2001 totaled approximately $81,000, including approximately $29,000 in standby letters of credit.
COMPREHENSIVE INCOME. The components of comprehensive income, net of tax effect, are as follows: Net income $ 164,061 $ 189,605 $ 138,745 Unrealized gain on securities available-for-sale 846 1,880 414 Foreign currency translation adjustments(1) 13,946 (721 ) 3,205 Total accumulated other comprehensive income $ 178,853 $ 190,764 $ 142,364
(1) Primarily related to the impact of changes in the Canadian currency exchange rate. The components of accumulated other comprehensive income are as follows: Unrealized gain on securities available-for-sale $ 6,237 $ 5,391 Unrealized foreign currency gain 17,803 3,857 Total comprehensive income $ 24,040 $ 9,248
COMPREHENSIVE INCOME. Comprehensive income is defined as the change in equity of a business enterprise from transactions and other events and circumstances from nonowner sources and includes all changes in equity except those resulting from investments by owners and distributions to owners. The components of accumulated other comprehensive income are as follows for the periods indicated (in thousands): FOREIGN MINIMUM ACCUMULATED CURRENCY PENSION OTHER TRANSLATION LIABILITY COMPREHENSIVE ADJUSTMENT ADJUSTMENT INCOME ---------- ------------- Balance, December 31, 1996.............. $ (95,056) $(18,885) $(113,941) Current-period change................. (180,744) 11,492 (169,252) --------- -------- --------- Current-period change................. (77,842) (59,769) (137,611) --------- -------- --------- Balance, December 31, 1998.............. $(353,642) $(67,162) $(420,804) ========= ======== =========
COMPREHENSIVE INCOME. 5 ------- (1,119) ------- $ 1,357 ======= 19 ------ 56 ------ $2,142 ====== 8 ------ (290) ------ $ 987 ====== 8 ------ (128) ------ $ 948 ====== 8 AMERICAN INTERNATIONAL GROUP, INC. NOTES TO FINANCIAL STATEMENTS JUNE 30, 1999 (UNAUDITED)
COMPREHENSIVE INCOME. Comprehensive income represents the change in equity during a period from transactions and other events, except those resulting from investments by and distributions to stockholders. Income taxes are generally not provided for foreign currency translation adjustments, as such adjustments relate to permanent investments in international subsidiaries. The following table gives further detail regarding changes in the composition of accumulated other comprehensive income (in thousands): Balance at July 31, 2007 . . . . . . . . . . . . $ 46,378 $ (439) $ 45,939 Cumulative translation adjustment . . . . 4,356 — 4,356 Unrealized gain on securities . . . . . . . . — 791 791 Reclassification to earnings . . . . . . . . . . — (50) (50) Balance at July 31, 2008 . . . . . . . . . . . . 50,734 302 51,036 Cumulative translation adjustment . . . . (13,810) — (13,810) Unrealized gain on securities . . . . . . . . — 521 521 Reclassification to earnings . . . . . . . . . . — (440) (440) Balance at July 31, 2009 . . . . . . . . . . . . 36,924 383 37,307 Cumulative translation adjustment . . . . 10,110 — 10,110 Unrealized gain on securities . . . . . . . . — 1,026 1,026 Reclassification to earnings . . . . . . . . . . — (3) (3) Balance at July 31, 2010 . . . . . . . . . . . . $ 47,034 $1,406 $ 48,440
COMPREHENSIVE INCOME. Comprehensive income is as follows (in millions): THREE MONTHS SIX MONTHS ENDED ENDED JUNE 30, JUNE 30, 2002 2001 2002 2001 Net income............................................... $217 $191 $355 $315 Other comprehensive income: taxes............................................... -- -- -- 3 Unrealized gain (loss) on derivative instruments....... (24) (3) (24) 7 taxes............................................... (2) 4 (5) 8 Foreign currency translation adjustment................ 36 43 37 (3) Other comprehensive income............................... 10 44 8 15 Total comprehensive income............................... $227 $235 $363 $330 ==== ==== ==== ==== The components of accumulated other comprehensive loss were as follows (in millions): JUNE 30, DECEMBER 31, 2002 2001
