filings.toolsItem 2. Properties
2K characters. Original on sec.gov · Markdown
Item 2. Properties
Warehouse Properties
At September 3, 2017 we operated 741 membership warehouses:
| Own Land and Building | Lease Land and/or Building(1) | Total | ||||||
| United States and Puerto Rico | 416 | 98 | 514 | |||||
| Canada | 85 | 12 | 97 | |||||
| Mexico | 37 | — | 37 | |||||
| United Kingdom | 22 | 6 | 28 | |||||
| Japan | 12 | 14 | 26 | |||||
| Korea | 6 | 7 | 13 | |||||
| Taiwan | — | 13 | 13 | |||||
| Australia | 6 | 3 | 9 | |||||
| Spain | 2 | — | 2 | |||||
| Iceland | — | 1 | 1 | |||||
| France | 1 | — | 1 | |||||
| Total | 587 | 154 | 741 |
| (1) | 102 of the 154 leases are land-only leases, where Costco owns the building. |
The following schedule shows warehouse openings, net of closings and relocations, and expected openings through December 31, 2017:
| United States | Canada | Other International | Total | Total Warehouses in Operation | ||||||||||
| 2013 and prior | 451 | 85 | 98 | 634 | 634 | |||||||||
| 2014 | 17 | 3 | 9 | 29 | 663 | |||||||||
| 2015 | 12 | 1 | 10 | 23 | 686 | |||||||||
| 2016 | 21 | 2 | 6 | 29 | 715 | |||||||||
| 2017 | 13 | 6 | 7 | 26 | 741 | |||||||||
| 2018 (expected through 12/31/2017) | 4 | 1 | — | 5 | 746 | |||||||||
| Total | 518 | 98 | 130 | 746 |
At the end of fiscal 2017, our warehouses contained approximately 107.3 million square feet of operating floor space: 75.4 million in the U.S.; 13.5 million in Canada; and 18.4 million in Other International. We operate depots for the consolidation and distribution of most merchandise shipments to the warehouses, and various processing, packaging, and other facilities to support ancillary and other businesses, including our online business. We operate 24 depots, consisting of approximately 11.0 million square feet. Our executive offices are located in Issaquah, Washington, and we maintain 18 regional offices in the U.S., Canada and Other International locations.
Previous: Item 1B. Unresolved Staff Comments · Next: Item 3. Legal Proceedings