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: 2016 | |||
Consolidated Statements of Earnings | |||
Period Ending Oct 2, 2016 10-K (Filed: Nov 18, 2016) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 2, 2016 | Sept 27, 2015 | Sept 28, 2014 | |
| Net Revenues: | |||
| Total net revenues | $ 21,315,900 | 19,162,700 | 16,447,800 |
| Cost of sales including occupancy costs | 8,511,100 | 7,787,500 | 6,858,800 |
| Store operating expenses | 6,064,300 | 5,411,100 | 4,638,200 |
| Other operating expenses | 545,400 | 522,400 | 457,300 |
| Depreciation and amortization expenses | 980,800 | 893,900 | 709,600 |
| General and administrative expenses | 1,360,600 | 1,196,700 | 991,300 |
| Litigation credit | 0 | 0 | (20,200) |
| Total operating expenses | 17,462,200 | 15,811,600 | 13,635,000 |
| Income from equity investees | 318,200 | 249,900 | 268,300 |
| Operating income | 4,171,900 | 3,601,000 | 3,081,100 |
| Gain resulting from acquisition of joint venture | 0 | 390,600 | 0 |
| Loss on extinguishment of debt | 0 | (61,100) | 0 |
| Interest income and other, net | 108,000 | 43,000 | 142,700 |
| Interest expense | (81,300) | (70,500) | (64,100) |
| Earnings before income taxes | 4,198,600 | 3,903,000 | 3,159,700 |
| Income tax expense | 1,379,700 | 1,143,700 | 1,092,000 |
| Net earnings including noncontrolling interests | 2,818,900 | 2,759,300 | 2,067,700 |
| Net earnings/(loss) attributable to noncontrolling interests | 1,200 | 1,900 | (400) |
| Net earnings attributable to Starbucks | 2,817,700 | 2,757,400 | 2,068,100 |
| Earnings per share - basic | 1.91 | 1.84 | 1.37 |
| Earnings per share - diluted | 1.90 | 1.82 | 1.35 |
| Weighted average shares outstanding: | |||
| Basic | 1,471,600 | 1,495,900 | 1,506,300 |
| Diluted | 1,486,700 | 1,513,400 | 1,526,300 |
| Products and Services | |||
| CPG, foodservice and other | |||
| Total net revenues | 2,317,600 | 2,103,500 | 1,881,300 |
| Franchisor Disclosure | |||
| Company-operated stores | |||
| Total net revenues | 16,844,100 | 15,197,300 | 12,977,900 |
| Licensed stores | |||
| Total net revenues | 2,154,200 | 1,861,900 | 1,588,600 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Oct 2, 2016 10-K (Filed: Nov 18, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 2, 2016 | Sept 27, 2015 | Sept 28, 2014 | |
| Net earnings including noncontrolling interests | $ 2,818,900 | 2,759,300 | 2,067,700 |
| Other comprehensive income/(loss), net of tax: | |||
| Other comprehensive income/(loss) | 91,000 | (224,700) | (41,700) |
| Comprehensive income including noncontrolling interests | 2,909,900 | 2,534,600 | 2,026,000 |
| Comprehensive income/(loss) attributable to noncontrolling interests | 1,200 | (29,200) | (400) |
| Comprehensive income attributable to Starbucks | 2,908,700 | 2,563,800 | 2,026,400 |
| 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 | 78,200 | (65,900) | (1,500) |
| Reclassification adjustment for net gains (losses) realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit) | (11,800) | 23,500 | 3,800 |
| Equity Components | |||
| Translation Adjustment | |||
| Translation adjustment and other, before tax | 85,500 | (222,700) | (75,800) |
| Translation adjustment and other, tax (expense)/benefit | 19,000 | 6,000 | (1,600) |
| Other comprehensive income/(loss) | 104,500 | (171,300) | |
| Hedging Relationship | |||
| Cash Flow Hedging | |||
| Unrealized gains/(losses) on hedging instruments, before tax | (109,600) | 47,600 | 24,100 |
| Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit | 27,500 | (16,800) | (7,800) |
| Net Investment Hedges | |||
| Unrealized gains/(losses) on hedging instruments, before tax | 0 | 4,300 | 25,500 |
| Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit | 0 | (1,600) | (9,400) |
| Investments by Category | |||
| Available-for-sale Securities | |||
| Unrealized holding gains/(losses) on available-for-sale securities, before tax | 3,500 | 1,400 | 1,600 |
| Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit | (1,300) | (500) | (600) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Oct 2, 2016 10-K (Filed: Nov 18, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Oct 2, 2016 | Sept 27, 2015 | Sept 28, 2014 | |
| OPERATING ACTIVITIES: | |||
| Net earnings including noncontrolling interests | $ 2,818,900 | 2,759,300 | 2,067,700 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,030,100 | 933,800 | 748,400 |
| Deferred income taxes, net | 265,700 | 21,200 | 10,200 |
| Income earned from equity method investees | (250,200) | (190,200) | (182,700) |
| Distributions received from equity method investees | 223,300 | 148,200 | 139,200 |
| Gain resulting from acquisition/sale of equity in joint ventures and certain retail operations | (6,100) | (394,300) | (70,200) |
| Loss on extinguishment of debt | 0 | 61,100 | 0 |
| Stock-based compensation | 218,100 | 209,800 | 183,200 |
| Excess tax benefit on share-based awards | (122,800) | (132,400) | (114,400) |
| Other | 45,100 | 53,800 | 36,200 |
| Cash provided/(used) by changes in operating assets and liabilities: | |||
| Accounts receivable | (55,600) | (82,800) | (79,700) |
| Inventories | (67,500) | (207,900) | 14,300 |
| Accounts payable | 46,900 | 137,700 | 60,400 |
| Accrued litigation charge | 0 | 0 | (2,763,900) |
| Stored value card liability | 180,400 | 170,300 | 140,800 |
| Other operating assets and liabilities | 248,800 | 261,500 | 418,300 |
| Net cash provided by operating activities | 4,575,100 | 3,749,100 | 607,800 |
| INVESTING ACTIVITIES: | |||
| Purchases of investments | (1,585,700) | (567,400) | (1,652,500) |
| Sales of investments | 680,700 | 600,600 | 1,454,800 |
| Maturities and calls of investments | 27,900 | 18,800 | 456,100 |
| Acquisitions, net of cash acquired | 0 | (284,300) | 0 |
| Additions to property, plant and equipment | (1,440,300) | (1,303,700) | (1,160,900) |
| Net proceeds from sale of equity in joint ventures and certain retail operations | 69,600 | 8,900 | 103,900 |
| Other | 24,900 | 6,800 | (19,100) |
| Net cash used by investing activities | (2,222,900) | (1,520,300) | (817,700) |
| FINANCING ACTIVITIES: | |||
| Proceeds from issuance of long-term debt | 1,254,500 | 848,500 | 748,500 |
| Repayments of long-term debt | 0 | (610,100) | 0 |
| Cash used for purchase of non-controlling interest | 0 | (360,800) | 0 |
| Proceeds from issuance of common stock | 160,700 | 191,800 | 139,700 |
| Excess tax benefit on share-based awards | 122,800 | 132,400 | 114,400 |
| Cash dividends paid | (1,178,000) | (928,600) | (783,100) |
| Repurchase of common stock | (1,995,600) | (1,436,100) | (758,600) |
| Minimum tax withholdings on share-based awards | (106,000) | (75,500) | (77,300) |
| Other | (8,400) | (18,100) | (6,900) |
| Net cash used by financing activities | (1,750,000) | (2,256,500) | (623,300) |
| Effect of exchange rate changes on cash and cash equivalents | (3,500) | (150,600) | (34,100) |
| Net increase/(decrease) in cash and cash equivalents | 598,700 | (178,300) | (867,300) |
| CASH AND CASH EQUIVALENTS: | |||
| Beginning of period | 1,530,100 | 1,708,400 | |
| End of period | 2,128,800 | 1,530,100 | 1,708,400 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash paid during the period for: | |||
| Interest, net of capitalized interest | 74,700 | 69,500 | 56,200 |
| Income taxes, net of refunds | 878,700 | 1,072,200 | 766,300 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
STARBUCKS CORP | ||
Ticker: SBUX Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Oct 2, 2016 10-K (Filed: Nov 18, 2016) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Oct 2, 2016 | Sept 27, 2015 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,128,800 | 1,530,100 |
| Short-term investments | 134,400 | 81,300 |
| Accounts receivable, net | 768,800 | 719,000 |
| Inventories | 1,378,500 | 1,306,400 |
| Prepaid expenses and other current assets | 350,000 | 334,200 |
| Total current assets | 4,760,500 | 3,971,000 |
| Long-term investments | 1,141,700 | 312,500 |
| Equity and cost investments | 354,500 | 352,000 |
| Property, plant and equipment, net | 4,533,800 | 4,088,300 |
| Deferred income taxes, net | 885,400 | 1,180,800 |
| Other long-term assets | 417,700 | 415,900 |
| Other intangible assets | 516,300 | 520,400 |
| Goodwill | 1,719,600 | 1,575,400 |
| TOTAL ASSETS | 14,329,500 | 12,416,300 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 730,600 | 684,200 |
| Accrued liabilities | 1,999,100 | 1,755,300 |
| Insurance reserves | 246,000 | 224,800 |
| Stored value card liability | 1,171,200 | 983,800 |
| Current portion of long-term debt | 400,000 | 0 |
| Total current liabilities | 4,546,900 | 3,648,100 |
| Long-term debt | 3,202,200 | 2,347,500 |
| Other long-term liabilities | 689,700 | 600,900 |
| Total liabilities | 8,438,800 | 6,596,500 |
| Shareholders' equity: | ||
| Common stock ($0.001 par value) - authorized, 2,400.0 shares; issued and outstanding, 1,460.5 and 1,485.1 shares, respectively | 1,500 | 1,500 |
| Additional paid-in capital | 41,100 | 41,100 |
| Retained earnings | 5,949,800 | 5,974,800 |
| Accumulated other comprehensive income/(loss) | (108,400) | (199,400) |
| Total shareholders' equity | 5,884,000 | 5,818,000 |
| Noncontrolling interests | 6,700 | 1,800 |
| Total equity | 5,890,700 | 5,819,800 |
| TOTAL LIABILITIES AND EQUITY | 14,329,500 | 12,416,300 |
| External Links | |
| STARBUCKS CORP (SBUX) Fiscal Year 2016 | |
| 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 |