10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2009 | |||
Consolidated Statements of Earnings | |||
Period Ending Sept 27, 2009 10-K (Filed: Nov 20, 2009) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2009 | Sept 28, 2008 | Sept 30, 2007 | |
| Net revenues: | |||
| Company-operated retail | $ 8,180,100 | 8,771,900 | 7,998,300 |
| Specialty: | |||
| Licensing | 1,222,300 | 1,171,600 | 1,026,300 |
| Foodservice and other | 372,200 | 439,500 | 386,900 |
| Total specialty | 1,594,500 | 1,611,100 | 1,413,200 |
| Total net revenues | 9,774,600 | 10,383,000 | 9,411,500 |
| Cost of sales including occupancy costs | 4,324,900 | 4,645,300 | 3,999,100 |
| Store operating expenses | 3,425,100 | 3,745,100 | 3,215,900 |
| Other operating expenses | 264,400 | 330,100 | 294,200 |
| Depreciation and amortization expenses | 534,700 | 549,300 | 467,200 |
| General and administrative expenses | 453,000 | 456,000 | 489,200 |
| Restructuring charges | 332,400 | 266,900 | 0 |
| Total operating expenses | 9,334,500 | 9,992,700 | 8,465,600 |
| Income from equity investees | 121,900 | 113,600 | 108,000 |
| Operating income | 562,000 | 503,900 | 1,053,900 |
| Interest income and other, net | 36,300 | 9,000 | 40,400 |
| Interest expense | (39,100) | (53,400) | (38,000) |
| Earnings before income taxes | 559,200 | 459,500 | 1,056,300 |
| Income taxes | 168,400 | 144,000 | 383,700 |
| Net earnings | 390,800 | 315,500 | 672,600 |
| Per common share: | |||
| Net earnings - basic | 0.53 | 0.43 | 0.90 |
| Net earnings - diluted | 0.52 | 0.43 | 0.87 |
| Weighted average shares outstanding: | |||
| Basic | 738,700 | 731,500 | 749,800 |
| Diluted | 745,900 | 741,700 | 770,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2009 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Sept 27, 2009 10-K (Filed: Nov 20, 2009) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2009 | Sept 28, 2008 | Sept 30, 2007 | |
| OPERATING ACTIVITIES: | |||
| Net earnings | $ 390,800 | 315,500 | 672,600 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 563,300 | 604,500 | 491,200 |
| Provision for impairments and asset disposals | 224,400 | 325,000 | 26,000 |
| Deferred income taxes | (69,600) | (117,100) | (37,300) |
| Equity in income of investees | (78,400) | (61,300) | (65,700) |
| Distributions of income from equity investees | 53,000 | 52,600 | 65,900 |
| Stock-based compensation | 83,200 | 75,000 | 103,900 |
| Tax benefit from exercise of stock options | 2,000 | 3,800 | 7,700 |
| Excess tax benefit from exercise of stock options | (15,900) | (14,700) | (93,100) |
| Other | 5,400 | (100) | 700 |
| Cash provided/(used) by changes in operating assets and liabilities: | |||
| Inventories | 28,500 | (600) | (48,600) |
| Accounts payable | (53,000) | (63,900) | 36,100 |
| Accrued taxes | 57,200 | 7,300 | 86,400 |
| Deferred revenue | 16,300 | 72,400 | 63,200 |
| Other operating assets | 120,500 | (11,200) | (92,700) |
| Other operating liabilities | 61,300 | 71,500 | 114,900 |
| Net cash provided by operating activities | 1,389,000 | 1,258,700 | 1,331,200 |
| INVESTING ACTIVITIES: | |||
| Purchase of available-for-sale securities | (129,200) | (71,800) | (237,400) |
| Maturities and calls of available-for-sale securities | 111,000 | 20,000 | 178,200 |
| Sales of available-for-sale securities | 5,000 | 75,900 | 47,500 |
| Acquisitions, net of cash acquired | 0 | (74,200) | (53,300) |
| Net purchases of equity, other investments and other assets | (4,800) | (52,000) | (56,600) |
| Additions to property, plant and equipment | (445,600) | (984,500) | (1,080,300) |
| Proceeds from sale of property, plant and equipment | 42,500 | 0 | 0 |
| Net cash used by investing activities | (421,100) | (1,086,600) | (1,201,900) |
| FINANCING ACTIVITIES: | |||
| Proceeds from issuance of commercial paper | 20,965,400 | 65,770,800 | 17,311,100 |
| Repayments of commercial paper | (21,378,500) | (66,068,000) | (16,600,900) |
| Proceeds from short-term borrowings | 1,338,000 | 528,200 | 770,000 |
| Repayments of short-term borrowings | (1,638,000) | (228,800) | (1,470,000) |
| Proceeds from issuance of common stock | 57,300 | 112,300 | 176,900 |
| Excess tax benefit from exercise of stock options | 15,900 | 14,700 | 93,100 |
| Proceeds from issuance of long-term debt | 0 | 0 | 549,000 |
| Principal payments on long-term debt | (700) | (600) | (800) |
| Repurchase of common stock | 0 | (311,400) | (996,800) |
| Other | (1,600) | (1,700) | (3,500) |
| Net cash used by financing activities | (642,200) | (184,500) | (171,900) |
| Effect of exchange rate changes on cash and cash equivalents | 4,300 | 900 | 11,300 |
| Net increase/(decrease) in cash and cash equivalents | 330,000 | (11,500) | (31,300) |
| CASH AND CASH EQUIVALENTS: | |||
| Beginning of period | 269,800 | 281,300 | |
| End of period | 599,800 | 269,800 | 281,300 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Net change in short-term borrowings and commercial paper for the period | (713,100) | 2,200 | 10,200 |
| Cash paid during the period for: | |||
| Interest, net of capitalized interest | 39,800 | 52,700 | 35,300 |
| Income taxes | 162,000 | 259,500 | 342,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
STARBUCKS CORP | ||
Ticker: SBUX Fiscal Year: 2009 | ||
Consolidated Balance Sheets | ||
Period Ending Sept 27, 2009 10-K (Filed: Nov 20, 2009) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Sept 27, 2009 | Sept 28, 2008 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 599,800 | 269,800 |
| Short-term investments - available-for-sale securities | 21,500 | 3,000 |
| Short-term investments - trading securities | 44,800 | 49,500 |
| Accounts receivable, net | 271,000 | 329,500 |
| Inventories | 664,900 | 692,800 |
| Prepaid expenses and other current assets | 147,200 | 169,200 |
| Deferred income taxes, net | 286,600 | 234,200 |
| Total current assets | 2,035,800 | 1,748,000 |
| Long-term investments - available-for-sale securities | 71,200 | 71,400 |
| Equity and cost investments | 352,300 | 302,600 |
| Property, plant and equipment, net | 2,536,400 | 2,956,400 |
| Other assets | 253,800 | 261,100 |
| Other intangible assets | 68,200 | 66,600 |
| Goodwill | 259,100 | 266,500 |
| TOTAL ASSETS | 5,576,800 | 5,672,600 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Commercial paper and short-term borrowings | 0 | 713,000 |
| Accounts payable | 267,100 | 324,900 |
| Accrued compensation and related costs | 307,500 | 253,600 |
| Accrued occupancy costs | 188,100 | 136,100 |
| Accrued taxes | 127,800 | 76,100 |
| Insurance reserves | 154,300 | 152,500 |
| Other accrued expenses | 147,300 | 164,400 |
| Deferred revenue | 388,700 | 368,400 |
| Current portion of long-term debt | 200 | 700 |
| Total current liabilities | 1,581,000 | 2,189,700 |
| Long-term debt | 549,300 | 549,600 |
| Other long-term liabilities | 400,800 | 442,400 |
| Total liabilities | 2,531,100 | 3,181,700 |
| Shareholders' equity: | ||
| Common stock ($0.001 par value) - authorized, 1,200.0 shares; issued and outstanding, 742.9 and 735.5 shares, respectively (includes 3.4 common stock units in both periods) | 700 | 700 |
| Additional paid-in capital | 147,000 | 0 |
| Other additional paid-in-capital | 39,400 | 39,400 |
| Retained earnings | 2,793,200 | 2,402,400 |
| Accumulated other comprehensive income | 65,400 | 48,400 |
| Total shareholders' equity | 3,045,700 | 2,490,900 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 5,576,800 | 5,672,600 |
| External Links | |
| STARBUCKS CORP (SBUX) Fiscal Year 2009 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |