10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

STARBUCKS CORP

Ticker: SBUX   Fiscal Year: 2015

Consolidated Statements of Earnings

Period Ending Sept 27, 2015 10-K (Filed: Nov 12, 2015)

(In Thousands)
 12 Months Ended12 Months Ended12 Months Ended
 Sept 27, 2015Sept 28, 2014Sept 29, 2013
Net Revenues:
Total net revenues
$
19,162,700
16,447,80014,866,800
Cost of sales including occupancy costs7,787,5006,858,8006,382,300
Store operating expenses5,411,1004,638,2004,286,100
Other operating expenses522,400457,300431,800
Depreciation and amortization expenses893,900709,600621,400
General and administrative expenses1,196,700991,300937,900
Litigation charge/(credit)0(20,200)2,784,100
Total operating expenses15,811,60013,635,00015,443,600
 
Income from equity investees249,900268,300251,400
Operating income/(loss)3,601,0003,081,100(325,400)
 
Gain resulting from acquisition of joint venture390,60000
Loss on extinguishment of debt(61,100)00
Interest income and other, net43,000142,700123,600
Interest expense(70,500)(64,100)(28,100)
Earnings/(loss) before income taxes3,903,0003,159,700(229,900)
 
Income tax expense/(benefit)1,143,7001,092,000(238,700)
Net earnings including noncontrolling interests2,759,3002,067,7008,800
 
Net earnings/(loss) attributable to noncontrolling interests1,900(400)500
Net earnings attributable to Starbucks2,757,4002,068,1008,300
 
Earnings per share - basic1.841.370.01
Earnings per share - diluted1.821.350.01
Weighted average shares outstanding:
Basic1,495,9001,506,3001,498,500
Diluted1,513,4001,526,3001,524,500
Products and Services
CPG, foodservice and other
Total net revenues2,103,5001,881,3001,713,100
Franchisor Disclosure
Company-operated stores
Total net revenues15,197,30012,977,90011,793,200
Licensed stores
Total net revenues1,861,9001,588,6001,360,500
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STARBUCKS CORP

Ticker: SBUX   Fiscal Year: 2015

Consolidated Statements of Comprehensive Income

Period Ending Sept 27, 2015 10-K (Filed: Nov 12, 2015)

(In Thousands, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Sept 27, 2015Sept 28, 2014Sept 29, 2013
Net earnings including noncontrolling interests
$
2,759,300
2,067,7008,800
Other comprehensive income/(loss), net of tax:
Other comprehensive income/(loss)(224,700)(41,700)44,300
 
Comprehensive income including noncontrolling interests2,534,6002,026,00053,100
 
Comprehensive income/(loss) attributable to noncontrolling interests(29,200)(400)500
Comprehensive income attributable to Starbucks2,563,8002,026,40052,600
 
Reclassification out of Accumulated Other Comprehensive Income
Reclassification out of Accumulated Other Comprehensive Income
Reclassification adjustment for net gains (losses) realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, before tax(65,900)(1,500)46,300
Reclassification adjustment for net gains (losses) realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit)23,5003,800(3,500)
Equity Components
Translation Adjustment
Translation adjustment, before tax(222,700)(75,800)(41,600)
Translation adjustment, tax (expense)/benefit6,000(1,600)300
Other comprehensive income/(loss)(171,300)(77,400)
 
Hedging Relationship
Cash Flow Hedging
Unrealized gains/(losses) on hedging instruments, before tax47,60024,10047,100
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit(16,800)(7,800)(24,600)
Net Investment Hedges
Unrealized gains/(losses) on hedging instruments, before tax4,30025,50032,800
Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit(1,600)(9,400)(12,100)
Investments by Category
Available-for-sale Securities
Unrealized holding gains/(losses) on available-for-sale securities, before tax1,4001,600(600)
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit(500)(600)200
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STARBUCKS CORP

Ticker: SBUX   Fiscal Year: 2015

Consolidated Statements of Cash Flows

Period Ending Sept 27, 2015 10-K (Filed: Nov 12, 2015)

(In Thousands, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Sept 27, 2015Sept 28, 2014Sept 29, 2013
OPERATING ACTIVITIES:
Net earnings including noncontrolling interests
$
2,759,300
2,067,7008,800
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization933,800748,400655,600
Litigation charge002,784,100
Deferred income taxes, net21,20010,200(1,045,900)
Income earned from equity method investees(190,200)(182,700)(171,800)
Distributions received from equity method investees148,200139,200115,600
Gain resulting from acquisition/sale of equity in joint ventures and certain retail operations(394,300)(70,200)(80,100)
Loss on extinguishment of debt61,10000
Stock-based compensation209,800183,200142,300
Excess tax benefit on share-based awards(132,400)(114,400)(258,100)
Other53,80036,20023,000
Cash provided/(used) by changes in operating assets and liabilities:
Accounts receivable(82,800)(79,700)(68,300)
Inventories(207,900)14,300152,500
Accounts payable137,70060,40088,700
Accrued litigation charge0(2,763,900)0
Income taxes payable, net87,600309,800298,400
Accrued liabilities and insurance reserves124,400103,90047,300
Stored value card liability170,300140,800139,900
Prepaid expenses, other current assets and other long-term assets49,5004,60076,300
Net cash provided by operating activities3,749,100607,8002,908,300
 
INVESTING ACTIVITIES:
Purchases of investments(567,400)(1,652,500)(785,900)
Sales of investments600,6001,454,80060,200
Maturities and calls of investments18,800456,100980,000
Acquisitions, net of cash acquired(284,300)0(610,400)
Additions to property, plant and equipment(1,303,700)(1,160,900)(1,151,200)
Proceeds from sale of equity in joint ventures and certain retail operations8,900103,900108,000
Other6,800(19,100)(11,900)
Net cash used by investing activities(1,520,300)(817,700)(1,411,200)
 
FINANCING ACTIVITIES:
Proceeds from issuance of long-term debt848,500748,500749,700
Repayments of long-term debt(610,100)0(35,200)
Cash used for purchase of non-controlling interest(360,800)00
Proceeds from issuance of common stock191,800139,700247,200
Excess tax benefit on share-based awards132,400114,400258,100
Cash dividends paid(928,600)(783,100)(628,900)
Repurchase of common stock(1,436,100)(758,600)(588,100)
Minimum tax withholdings on share-based awards(75,500)(77,300)(121,400)
Other(18,100)(6,900)10,400
Net cash used by financing activities(2,256,500)(623,300)(108,200)
 
Effect of exchange rate changes on cash and cash equivalents(150,600)(34,100)(1,800)
Net increase/(decrease) in cash and cash equivalents(178,300)(867,300)1,387,100
 
CASH AND CASH EQUIVALENTS:
Beginning of period1,708,4002,575,700
End of period1,530,1001,708,4002,575,700
 
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Interest, net of capitalized interest69,50056,20034,400
Income taxes, net of refunds1,072,200766,300539,100
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STARBUCKS CORP

Ticker: SBUX   Fiscal Year: 2015

Consolidated Balance Sheets

Period Ending Sept 27, 2015 10-K (Filed: Nov 12, 2015)

(In Thousands, except shares in actual)
 As ofAs of
 Sept 27, 2015Sept 28, 2014
ASSETS
Current assets:
Cash and cash equivalents
$
1,530,100
1,708,400
Short-term investments81,300135,400
Accounts receivable, net719,000631,000
Inventories1,306,4001,090,900
Prepaid expenses and other current assets334,200285,600
Deferred income taxes, net381,700317,400
Total current assets4,352,7004,168,700
 
Long-term investments312,500318,400
Equity and cost investments352,000514,900
Property, plant and equipment, net4,088,3003,519,000
Deferred income taxes, net828,900903,300
Other long-term assets415,900198,900
Other intangible assets520,400273,500
Goodwill1,575,400856,200
TOTAL ASSETS12,446,10010,752,900
 
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable684,200533,700
Accrued liabilities1,760,7001,514,400
Insurance reserves224,800196,100
Stored value card liability983,800794,500
Total current liabilities3,653,5003,038,700
 
Long-term debt2,347,5002,048,300
Other long-term liabilities625,300392,200
Total liabilities6,626,3005,479,200
 
Shareholders' equity:
Common stock ($0.001 par value) - authorized, 2,400.0 shares; issued and outstanding, 1,485.1 and 1,499.1 shares, respectively1,500700
Additional paid-in capital41,10039,400
Retained earnings5,974,8005,206,600
Accumulated other comprehensive income/(loss)(199,400)25,300
Total shareholders' equity5,818,0005,272,000
 
Noncontrolling interests1,8001,700
Total equity5,819,8005,273,700
 
TOTAL LIABILITIES AND EQUITY12,446,10010,752,900
 
External Links 
STARBUCKS CORP (SBUX) Fiscal Year 2015
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