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: 2015 | |||
Consolidated Statements of Earnings | |||
Period Ending Sept 27, 2015 10-K (Filed: Nov 12, 2015) | |||
(In Thousands) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Sept 27, 2015 | Sept 28, 2014 | Sept 29, 2013 | |
Net Revenues: | |||
Total net revenues | $ 19,162,700 | 16,447,800 | 14,866,800 |
Cost of sales including occupancy costs | 7,787,500 | 6,858,800 | 6,382,300 |
Store operating expenses | 5,411,100 | 4,638,200 | 4,286,100 |
Other operating expenses | 522,400 | 457,300 | 431,800 |
Depreciation and amortization expenses | 893,900 | 709,600 | 621,400 |
General and administrative expenses | 1,196,700 | 991,300 | 937,900 |
Litigation charge/(credit) | 0 | (20,200) | 2,784,100 |
Total operating expenses | 15,811,600 | 13,635,000 | 15,443,600 |
Income from equity investees | 249,900 | 268,300 | 251,400 |
Operating income/(loss) | 3,601,000 | 3,081,100 | (325,400) |
Gain resulting from acquisition of joint venture | 390,600 | 0 | 0 |
Loss on extinguishment of debt | (61,100) | 0 | 0 |
Interest income and other, net | 43,000 | 142,700 | 123,600 |
Interest expense | (70,500) | (64,100) | (28,100) |
Earnings/(loss) before income taxes | 3,903,000 | 3,159,700 | (229,900) |
Income tax expense/(benefit) | 1,143,700 | 1,092,000 | (238,700) |
Net earnings including noncontrolling interests | 2,759,300 | 2,067,700 | 8,800 |
Net earnings/(loss) attributable to noncontrolling interests | 1,900 | (400) | 500 |
Net earnings attributable to Starbucks | 2,757,400 | 2,068,100 | 8,300 |
Earnings per share - basic | 1.84 | 1.37 | 0.01 |
Earnings per share - diluted | 1.82 | 1.35 | 0.01 |
Weighted average shares outstanding: | |||
Basic | 1,495,900 | 1,506,300 | 1,498,500 |
Diluted | 1,513,400 | 1,526,300 | 1,524,500 |
Products and Services | |||
CPG, foodservice and other | |||
Total net revenues | 2,103,500 | 1,881,300 | 1,713,100 |
Franchisor Disclosure | |||
Company-operated stores | |||
Total net revenues | 15,197,300 | 12,977,900 | 11,793,200 |
Licensed stores | |||
Total net revenues | 1,861,900 | 1,588,600 | 1,360,500 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
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 Ended | 12 Months Ended | 12 Months Ended | |
Sept 27, 2015 | Sept 28, 2014 | Sept 29, 2013 | |
Net earnings including noncontrolling interests | $ 2,759,300 | 2,067,700 | 8,800 |
Other comprehensive income/(loss), net of tax: | |||
Other comprehensive income/(loss) | (224,700) | (41,700) | 44,300 |
Comprehensive income including noncontrolling interests | 2,534,600 | 2,026,000 | 53,100 |
Comprehensive income/(loss) attributable to noncontrolling interests | (29,200) | (400) | 500 |
Comprehensive income attributable to Starbucks | 2,563,800 | 2,026,400 | 52,600 |
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) | 23,500 | 3,800 | (3,500) |
Equity Components | |||
Translation Adjustment | |||
Translation adjustment, before tax | (222,700) | (75,800) | (41,600) |
Translation adjustment, tax (expense)/benefit | 6,000 | (1,600) | 300 |
Other comprehensive income/(loss) | (171,300) | (77,400) | |
Hedging Relationship | |||
Cash Flow Hedging | |||
Unrealized gains/(losses) on hedging instruments, before tax | 47,600 | 24,100 | 47,100 |
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 tax | 4,300 | 25,500 | 32,800 |
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 tax | 1,400 | 1,600 | (600) |
Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit | (500) | (600) | 200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
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 Ended | 12 Months Ended | 12 Months Ended | |
Sept 27, 2015 | Sept 28, 2014 | Sept 29, 2013 | |
OPERATING ACTIVITIES: | |||
Net earnings including noncontrolling interests | $ 2,759,300 | 2,067,700 | 8,800 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
Depreciation and amortization | 933,800 | 748,400 | 655,600 |
Litigation charge | 0 | 0 | 2,784,100 |
Deferred income taxes, net | 21,200 | 10,200 | (1,045,900) |
Income earned from equity method investees | (190,200) | (182,700) | (171,800) |
Distributions received from equity method investees | 148,200 | 139,200 | 115,600 |
Gain resulting from acquisition/sale of equity in joint ventures and certain retail operations | (394,300) | (70,200) | (80,100) |
Loss on extinguishment of debt | 61,100 | 0 | 0 |
Stock-based compensation | 209,800 | 183,200 | 142,300 |
Excess tax benefit on share-based awards | (132,400) | (114,400) | (258,100) |
Other | 53,800 | 36,200 | 23,000 |
Cash provided/(used) by changes in operating assets and liabilities: | |||
Accounts receivable | (82,800) | (79,700) | (68,300) |
Inventories | (207,900) | 14,300 | 152,500 |
Accounts payable | 137,700 | 60,400 | 88,700 |
Accrued litigation charge | 0 | (2,763,900) | 0 |
Income taxes payable, net | 87,600 | 309,800 | 298,400 |
Accrued liabilities and insurance reserves | 124,400 | 103,900 | 47,300 |
Stored value card liability | 170,300 | 140,800 | 139,900 |
Prepaid expenses, other current assets and other long-term assets | 49,500 | 4,600 | 76,300 |
Net cash provided by operating activities | 3,749,100 | 607,800 | 2,908,300 |
INVESTING ACTIVITIES: | |||
Purchases of investments | (567,400) | (1,652,500) | (785,900) |
Sales of investments | 600,600 | 1,454,800 | 60,200 |
Maturities and calls of investments | 18,800 | 456,100 | 980,000 |
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 operations | 8,900 | 103,900 | 108,000 |
Other | 6,800 | (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 debt | 848,500 | 748,500 | 749,700 |
Repayments of long-term debt | (610,100) | 0 | (35,200) |
Cash used for purchase of non-controlling interest | (360,800) | 0 | 0 |
Proceeds from issuance of common stock | 191,800 | 139,700 | 247,200 |
Excess tax benefit on share-based awards | 132,400 | 114,400 | 258,100 |
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 period | 1,708,400 | 2,575,700 | |
End of period | 1,530,100 | 1,708,400 | 2,575,700 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
Cash paid during the period for: | |||
Interest, net of capitalized interest | 69,500 | 56,200 | 34,400 |
Income taxes, net of refunds | 1,072,200 | 766,300 | 539,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
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 of | As of | |
Sept 27, 2015 | Sept 28, 2014 | |
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | $ 1,530,100 | 1,708,400 |
Short-term investments | 81,300 | 135,400 |
Accounts receivable, net | 719,000 | 631,000 |
Inventories | 1,306,400 | 1,090,900 |
Prepaid expenses and other current assets | 334,200 | 285,600 |
Deferred income taxes, net | 381,700 | 317,400 |
Total current assets | 4,352,700 | 4,168,700 |
Long-term investments | 312,500 | 318,400 |
Equity and cost investments | 352,000 | 514,900 |
Property, plant and equipment, net | 4,088,300 | 3,519,000 |
Deferred income taxes, net | 828,900 | 903,300 |
Other long-term assets | 415,900 | 198,900 |
Other intangible assets | 520,400 | 273,500 |
Goodwill | 1,575,400 | 856,200 |
TOTAL ASSETS | 12,446,100 | 10,752,900 |
LIABILITIES AND EQUITY | ||
Current liabilities: | ||
Accounts payable | 684,200 | 533,700 |
Accrued liabilities | 1,760,700 | 1,514,400 |
Insurance reserves | 224,800 | 196,100 |
Stored value card liability | 983,800 | 794,500 |
Total current liabilities | 3,653,500 | 3,038,700 |
Long-term debt | 2,347,500 | 2,048,300 |
Other long-term liabilities | 625,300 | 392,200 |
Total liabilities | 6,626,300 | 5,479,200 |
Shareholders' equity: | ||
Common stock ($0.001 par value) - authorized, 2,400.0 shares; issued and outstanding, 1,485.1 and 1,499.1 shares, respectively | 1,500 | 700 |
Additional paid-in capital | 41,100 | 39,400 |
Retained earnings | 5,974,800 | 5,206,600 |
Accumulated other comprehensive income/(loss) | (199,400) | 25,300 |
Total shareholders' equity | 5,818,000 | 5,272,000 |
Noncontrolling interests | 1,800 | 1,700 |
Total equity | 5,819,800 | 5,273,700 |
TOTAL LIABILITIES AND EQUITY | 12,446,100 | 10,752,900 |
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 |