Question

Comment on which particulars have significant changes throughoutthe years.

Costco Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2015,2014 and 2013
(Amounts In Millions)
	2015	2014	2013	2015 vs. 2014	2014 vs. 2013
Cash flows from operatingactivities:				$ -	$ -
Net income	$ 2,409	$ 2,088	$ 2,061	$ 321	$ 27
Adjustments to reconcile netincome to net cash provided by operating activities:	$ -	$ -	$ -	$ -	$ -
Depreciation and amortization(including amounts in discontinued operations)	$ 1,127	$ 1,029	$ 946	$ 98	$ 83
Stock-based compensation	$ 394	$ 327	$ 285	$ 67	$ 42
Excess tax benefits onstock-based awards	$ (86)	$ (84)	$ (61)	$ (2)	$ (23)
Other non-cash operatingactivities, net	$ (5)	$ (63)	$ 7	$ 58	$ (70)
Deferred income taxes	$ (101)	$ (63)	$ 7	$ (38)	$ (70)
Changes in operating assetsand liabilities:				$ -	$ -
Increase in merchandiseinventories	$ (890)	$ (563)	$ (898)	$ (327)	$ 335
Increase in accountspayable	$ 880	$ 529	$ 718	$ 351	$ (189)
Other operating assets andliabilities, net	$ 557	$ 699	$ 386	$ (142)	$ 313
Net cash provided by operatingactivities	$ 4,285	$ 3,984	$ 3,437	$ 301	$ 547
Cash flows from investingactivities:				$ -
Purchases of short-terminvestments	$ (1,501)	$ (2,503)	$ (2,572)	$ 1,002	$ 69
Maturities and sales ofshort-term investments	$ 1,434	$ 2,406	$ 2,385	$ (972)	$ 21
Additions to property andequipment	$ (2,393)	$ (1,993)	$ (2,083)	$ (400)	$ 90
Other investing activities,net	$ (20)	$ (3)	$ 19	$ (17)	$ (22)
Net cash used in investingactivities	$ (2,480)	$ (2,093)	$ (2,251)	$ (387)	$ 158
Cash flows from financingactivities:				$ -	$ -
Change in bank checksoutstanding	$ (45)	$ 96	$ (70)	$ (141)	$ 166
Repayments of short-termborrowings	$ (51)	$ (103)	$ (287)	$ 52	$ 184
Proceeds from short-termborrowings	$ 51	$ 68	$ 326	$ (17)	$ (258)
Proceeds from issuance oflong-term debt	$ 1,125	$ 117	$ 3,717	$ 1,008	$ (3,600)
Minimum tax withholdings onstock-based awards	$ (178)	$ (164)	$ (121)	$ (14)	$ (43)
Excess tax benefits onstock-based awards	$ 86	$ 84	$ 61	$ 2	$ 23
Repurchases of commonstock	$ (481)	$ (334)	$ (36)	$ (147)	$ (298)
Cash dividend payments	$ (2,865)	$ (584)	$ (3,560)	$ (2,281)	$ 2,976
Other financing activities,net	$ 34	$ 34	$ 14	$ -	$ 20
Net cash provided by financingactivities	$ (2,324)	$ (786)	$ 44	$ (1,538)	$ (830)
Net (decrease) increase incash and cash equivalents	$ (937)	$ 1,094	$ 1,116	$ (2,031)	$ (22)
Effect of foreign currencytranslation on cash and cash equivalents	$ (418)	$ (11)	$ (114)	$ (407)	$ 103
Cash and cash equivalents atbeginning of period	$ 5,738	$ 4,644	$ 3,528	$ 1,094	$ 1,116
Cash and cash equivalents at end ofperiod	$ 4,801	$ 5,738	$ 4,644	$ (937)	$ 1,094
				$ -	$ -
Supplemental disclosure ofcash flow information:				$ -	$ -
Cash paid during the yearfor:				$ -	$ -
Interest (reduced by $14, $11and $12, interest capitalized in 2015, 2014 and 2013,respectively)	$ 117	$ 109	$ 86	$ 8	$ 23
Income taxes, net	$ 1,186	$ 869	$ 1,001	$ 317	$ (132)
Supplemental disclosure ofnon-cash flow information:				$ -	$ -
Property acquired underbuild-to-suit and capital leases	$ 109	$ -	$ 11	$ 109	$ (11)
See accompanying notes.