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: 2013 | |||
Consolidated Statements Of Earnings | |||
Period Ending Sept 29, 2013 10-K (Filed: Nov 18, 2013) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2013 | Sept 30, 2012 | Oct 2, 2011 | |
| Net revenues: | |||
| Company-operated stores | $ 11,793,200 | 10,534,500 | 9,632,400 |
| Licensed stores | 1,360,500 | 1,210,300 | 1,007,500 |
| CPG, foodservice and other | 1,738,500 | 1,554,700 | 1,060,500 |
| Total net revenues | 14,892,200 | 13,299,500 | 11,700,400 |
| Cost of sales including occupancy costs | 6,382,300 | 5,813,300 | 4,915,500 |
| Store operating expenses | 4,286,100 | 3,918,100 | 3,594,900 |
| Other operating expenses | 457,200 | 429,900 | 392,800 |
| Depreciation and amortization expenses | 621,400 | 550,300 | 523,300 |
| General and administrative expenses | 937,900 | 801,200 | 749,300 |
| Litigation charge | 2,784,100 | 0 | 0 |
| Total operating expenses | 15,469,000 | 11,512,800 | 10,175,800 |
| Gain on sale of properties | 0 | 0 | 30,200 |
| Income from equity investees | 251,400 | 210,700 | 173,700 |
| Operating income | (325,400) | 1,997,400 | 1,728,500 |
| Interest income and other, net | 123,600 | 94,400 | 115,900 |
| Interest expense | (28,100) | (32,700) | (33,300) |
| Earnings before income taxes | (229,900) | 2,059,100 | 1,811,100 |
| Income taxes | (238,700) | 674,400 | 563,100 |
| Net earnings including noncontrolling interests | 8,800 | 1,384,700 | 1,248,000 |
| Net earnings attributable to noncontrolling interest | 500 | 900 | 2,300 |
| Net earnings attributable to Starbucks | 8,300 | 1,383,800 | 1,245,700 |
| Earnings per share - basic | 0.01 | 1.83 | 1.66 |
| Earnings per share - diluted | 0.01 | 1.79 | 1.62 |
| Weighted average shares outstanding: | |||
| Basic | 749,300 | 754,400 | 748,300 |
| Diluted | 762,300 | 773,000 | 769,700 |
| Cash dividends declared per share | 0.89 | 0.72 | 0.56 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2013 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Sept 29, 2013 10-K (Filed: Nov 18, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2013 | Sept 30, 2012 | Oct 2, 2011 | |
| Net earnings including noncontrolling interests | $ 8,800 | 1,384,700 | 1,248,000 |
| Other comprehensive income/(loss), net of tax: | |||
| Net unrealized holding gains/(losses) | 85,600 | (26,400) | (4,400) |
| Translation adjustment, before tax | (41,600) | 6,100 | (7,400) |
| Translation adjustment, tax (expense)/benefit | 300 | (3,300) | 900 |
| Other comprehensive income/(loss) | 44,300 | (23,600) | (10,900) |
| Comprehensive income/(loss) including noncontrolling interests | 53,100 | 1,361,100 | 1,237,100 |
| Comprehensive income attributable to noncontrolling interests | 500 | 900 | 2,300 |
| Comprehensive income attributable to Starbucks | 52,600 | 1,360,200 | 1,234,800 |
| Hedging Relationship | |||
| Cash Flow Hedging | |||
| Unrealized holding gains/(losses) on derivatives, before tax | 47,100 | (42,200) | (12,200) |
| Unrealized holding gains/(losses) on derivatives, tax (expense)/benefit | (24,600) | 4,300 | 4,500 |
| Reclassification adjustment for net (gains)/losses realized in net earnings for cash flow hedges, before tax | 46,300 | 14,800 | 16,600 |
| Reclassification adjustment for net (gains)/losses realized in net earnings for cash flow hedges, tax expense/(benefit) | (3,500) | (4,300) | (6,100) |
| Net Investment Hedging | |||
| Unrealized holding gains/(losses) on derivatives, before tax | 32,800 | 1,000 | (12,100) |
| Unrealized holding gains/(losses) on derivatives, tax (expense)/benefit | (12,100) | (400) | 4,500 |
| Investments by Category | |||
| Available-for-sale Securities | |||
| Unrealized holding gains/(losses) on available-for-sale securities, before tax | (600) | 700 | 700 |
| Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit | 200 | (300) | (300) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2013 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Sept 29, 2013 10-K (Filed: Nov 18, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2013 | Sept 30, 2012 | Oct 2, 2011 | |
| OPERATING ACTIVITIES: | |||
| Net earnings including noncontrolling interests | $ 8,800 | 1,384,700 | 1,248,000 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 655,600 | 580,600 | 550,000 |
| Litigation charge | 2,784,100 | 0 | 0 |
| Gain on sale of properties | 0 | 0 | (30,200) |
| Deferred income taxes, net | (1,045,900) | 61,100 | 106,200 |
| Income earned from equity method investees, net of distributions | (56,200) | (49,300) | (32,900) |
| Gain resulting from sale/acquisition of equity in joint ventures | (80,100) | 0 | (55,200) |
| Stock-based compensation | 142,300 | 153,600 | 145,200 |
| Other | 23,000 | 23,600 | 33,300 |
| Cash provided/(used) by changes in operating assets and liabilities: | |||
| Accounts receivable | (68,300) | (90,300) | (88,700) |
| Inventories | 152,500 | (273,300) | (422,300) |
| Accounts payable | 88,700 | (105,200) | 227,500 |
| Accrued liabilities and insurance reserves | 87,600 | 23,700 | (81,800) |
| Deferred revenue | 139,900 | 60,800 | 35,800 |
| Prepaid expenses, other current assets and other assets | 76,300 | (19,700) | (22,500) |
| Net cash provided by operating activities | 2,908,300 | 1,750,300 | 1,612,400 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (785,900) | (1,748,600) | (966,000) |
| Sales, maturities and calls of investments | 1,040,200 | 1,796,400 | 430,000 |
| Acquisitions, net of cash acquired | (610,400) | (129,100) | (55,800) |
| Additions to property, plant and equipment | (1,151,200) | (856,200) | (531,900) |
| Proceeds from sale of property, plant, and equipment | 15,300 | 5,300 | 117,400 |
| Proceeds from sale of equity in joint ventures | 108,000 | 0 | 0 |
| Other | (27,200) | (41,800) | (13,200) |
| Net cash used by investing activities | (1,411,200) | (974,000) | (1,019,500) |
| FINANCING ACTIVITIES: | |||
| Proceeds from issuance of long-term debt | 749,700 | 0 | 0 |
| Principal payments on long-term debt | (35,200) | 0 | 0 |
| (Payments)/proceeds from short-term borrowings | 0 | (30,800) | 30,800 |
| Purchase of noncontrolling interest | 0 | 0 | (27,500) |
| Proceeds from issuance of common stock | 247,200 | 236,600 | 250,400 |
| Excess tax benefit from exercise of stock options | 258,100 | 169,800 | 103,900 |
| Cash dividends paid | (628,900) | (513,000) | (389,500) |
| Repurchase of common stock | (588,100) | (549,100) | (555,900) |
| Minimum tax withholdings on share-based awards | (121,400) | (58,500) | (15,000) |
| Other | 10,400 | (500) | (5,200) |
| Net cash used by financing activities | (108,200) | (745,500) | (608,000) |
| Effect of exchange rate changes on cash and cash equivalents | (1,800) | 9,700 | (800) |
| Net increase/(decrease) in cash and cash equivalents | 1,387,100 | 40,500 | (15,900) |
| CASH AND CASH EQUIVALENTS: | |||
| Beginning of period | 1,188,600 | 1,148,100 | |
| End of period | 2,575,700 | 1,188,600 | 1,148,100 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash paid during the period for: | |||
| Interest, net of capitalized interest | 34,400 | 34,400 | 34,400 |
| Income taxes | 539,100 | 416,900 | 350,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
STARBUCKS CORP | ||
Ticker: SBUX Fiscal Year: 2013 | ||
Consolidated Balance Sheets | ||
Period Ending Sept 29, 2013 10-K (Filed: Nov 18, 2013) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Sept 29, 2013 | Sept 30, 2012 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,575,700 | 1,188,600 |
| Short-term investments | 658,100 | 848,400 |
| Accounts receivable, net | 561,400 | 485,900 |
| Inventories | 1,111,200 | 1,241,500 |
| Prepaid expenses and other current assets | 287,700 | 196,500 |
| Deferred income taxes, net | 277,300 | 238,700 |
| Total current assets | 5,471,400 | 4,199,600 |
| Long-term investments | 58,300 | 116,000 |
| Equity and cost investments | 496,500 | 459,900 |
| Property, plant and equipment, net | 3,200,500 | 2,658,900 |
| Deferred income taxes, net | 967,000 | 97,300 |
| Other assets | 185,300 | 144,700 |
| Other intangible assets | 274,800 | 143,700 |
| Goodwill | 862,900 | 399,100 |
| TOTAL ASSETS | 11,516,700 | 8,219,200 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 491,700 | 398,100 |
| Accrued litigation charge | 2,784,100 | 0 |
| Accrued liabilities | 1,269,300 | 1,133,800 |
| Insurance reserves | 178,500 | 167,700 |
| Deferred revenue | 653,700 | 510,200 |
| Total current liabilities | 5,377,300 | 2,209,800 |
| Long-term debt | 1,299,400 | 549,600 |
| Other long-term liabilities | 357,700 | 345,300 |
| Total liabilities | 7,034,400 | 3,104,700 |
| Shareholders' equity: | ||
| Common stock ($0.001 par value) - authorized, 1,200.0 shares; issued and outstanding, 753.2 and 749.3 shares (includes 3.4 common stock units), respectively | 800 | 700 |
| Additional paid-in capital | 282,100 | 39,400 |
| Retained earnings | 4,130,300 | 5,046,200 |
| Accumulated other comprehensive income | 67,000 | 22,700 |
| Total shareholders' equity | 4,480,200 | 5,109,000 |
| Noncontrolling interests | 2,100 | 5,500 |
| Total equity | 4,482,300 | 5,114,500 |
| TOTAL LIABILITIES AND EQUITY | 11,516,700 | 8,219,200 |
| External Links | |
| STARBUCKS CORP (SBUX) Fiscal Year 2013 | |
| 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 |