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: 2018 | |||
Consolidated Statements of Earnings | |||
Period Ending Sept 30, 2018 10-K (Filed: Nov 16, 2018) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2018 | Oct 1, 2017 | Oct 2, 2016 | |
| Net Revenues: | |||
| Revenues | $ 24,719,500 | 22,386,800 | 21,315,900 |
| Cost of sales including occupancy costs | 10,174,500 | 9,034,300 | 8,509,000 |
| Store operating expenses | 7,193,200 | 6,493,300 | 6,064,300 |
| Other operating expenses | 539,300 | 500,300 | 499,200 |
| Depreciation and amortization expenses | 1,247,000 | 1,011,400 | 980,800 |
| General and administrative expenses | 1,759,000 | 1,450,700 | 1,408,900 |
| Restructuring Charges | 224,400 | 153,500 | 0 |
| Total operating expenses | 21,137,400 | 18,643,500 | 17,462,200 |
| Income from equity investees | 301,200 | 391,400 | 318,200 |
| Operating income | 3,883,300 | 4,134,700 | 4,171,900 |
| Gain resulting from acquisition of joint venture | 1,376,400 | 0 | 0 |
| Gain (Loss) on Disposition of Business | 499,200 | 93,500 | 5,400 |
| Interest income and other, net | 191,400 | 181,800 | 102,600 |
| Interest expense | (170,300) | (92,500) | (81,300) |
| Earnings before income taxes | 5,780,000 | 4,317,500 | 4,198,600 |
| Income Tax Expense (Benefit) | 1,262,000 | 1,432,600 | 1,379,700 |
| Net earnings including noncontrolling interests | 4,518,000 | 2,884,900 | 2,818,900 |
| Net earnings/(loss) attributable to noncontrolling interests | (300) | 200 | 1,200 |
| Net earnings attributable to Starbucks | 4,518,300 | 2,884,700 | 2,817,700 |
| Earnings Per Share, Basic | 3.27 | 1.99 | 1.91 |
| Earnings Per Share, Diluted | 3.24 | 1.97 | 1.90 |
| Weighted average shares outstanding: | |||
| Basic | 1,382,700 | 1,449,500 | 1,471,600 |
| Diluted | 1,394,600 | 1,461,500 | 1,486,700 |
| Product and Service | |||
| Product and Service, Other | |||
| Revenues | 2,377,000 | 2,381,100 | 2,317,600 |
| Franchisor Disclosure | |||
| Company-operated stores | |||
| Revenues | 19,690,300 | 17,650,700 | 16,844,100 |
| Licensed stores | |||
| Revenues | 2,652,200 | 2,355,000 | 2,154,200 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2018 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Sept 30, 2018 10-K (Filed: Nov 16, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2018 | Oct 1, 2017 | Oct 2, 2016 | |
| Deconsolidation, Gain (Loss), Amount | $ (499,200) | (93,500) | (6,100) |
| Net earnings including noncontrolling interests | 4,518,000 | 2,884,900 | 2,818,900 |
| Other comprehensive income/(loss), net of tax: | |||
| Other comprehensive income/(loss) | (174,700) | (47,200) | 91,000 |
| Comprehensive income including noncontrolling interests | 4,343,300 | 2,837,700 | 2,909,900 |
| Comprehensive income/(loss) attributable to noncontrolling interests | (300) | 200 | 1,200 |
| Comprehensive income attributable to Starbucks | 4,343,600 | 2,837,500 | 2,908,700 |
| 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 | 24,700 | (67,200) | 78,200 |
| Reclassification adjustment for net gains (losses) realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit) | (1,200) | 14,000 | (11,800) |
| Equity Components | |||
| Translation Adjustment | |||
| Translation adjustment and other, before tax | (220,000) | (38,300) | 85,500 |
| Translation adjustment and other, tax (expense)/benefit | 3,400 | (2,400) | 19,000 |
| Other comprehensive income/(loss) | (199,700) | (41,300) | 104,500 |
| Hedging Relationship | |||
| Cash Flow Hedging | |||
| Unrealized gains/(losses) on hedging instruments, before tax | 24,400 | 53,200 | (109,600) |
| Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit | (6,500) | (12,600) | 27,500 |
| Net Investment Hedges | |||
| Unrealized gains/(losses) on hedging instruments, before tax | 7,800 | 20,100 | 0 |
| Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit | (2,200) | (7,400) | 0 |
| Debt Security Category | |||
| Available-for-sale Securities | |||
| Unrealized holding gains/(losses) on available-for-sale securities, before tax | (7,000) | (9,500) | 3,500 |
| Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit | 1,900 | 2,900 | (1,300) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Sept 30, 2018 10-K (Filed: Nov 16, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 30, 2018 | Oct 1, 2017 | Oct 2, 2016 | |
| OPERATING ACTIVITIES: | |||
| Net earnings including noncontrolling interests | $ 4,518,000 | 2,884,900 | 2,818,900 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,305,900 | 1,067,100 | 1,030,100 |
| Deferred income taxes, net | 714,900 | 95,100 | 265,700 |
| Income (Loss) from Equity Method Investments1 | (242,800) | (310,200) | (250,200) |
| Distributions received from equity method investees | 226,800 | 186,600 | 223,300 |
| Deconsolidation, Gain (Loss), Amount | 499,200 | 93,500 | 6,100 |
| Gain resulting from acquisition of joint venture | (1,376,400) | 0 | 0 |
| Stock-based compensation | 250,300 | 176,000 | 218,100 |
| Goodwill, Impairment Loss | 37,600 | 87,200 | 0 |
| Other | (89,000) | (68,900) | (45,100) |
| Cash provided/(used) by changes in operating assets and liabilities: | |||
| Accounts receivable | 131,000 | (96,800) | (55,600) |
| Inventories | (41,200) | 14,000 | (67,500) |
| Accounts payable | 391,600 | 46,400 | 46,900 |
| Stored value card liability | 7,109,400 | 130,800 | 180,400 |
| Other operating assets and liabilities | (677,100) | (4,700) | 248,800 |
| Net Cash Provided by (Used in) Operating Activities | 11,937,800 | 4,251,800 | 4,697,900 |
| INVESTING ACTIVITIES: | |||
| Purchases of investments | (191,900) | (674,400) | (1,585,700) |
| Proceeds from Sale and Maturity of Debt Securities, Available-for-sale | 459,000 | 1,054,500 | 680,700 |
| Sales of investments | 459,000 | 999,700 | 680,700 |
| Maturities and calls of investments | 45,300 | 149,600 | 27,900 |
| Acquisitions, net of cash acquired | (1,311,300) | 0 | 0 |
| Additions to property, plant and equipment | (1,976,400) | (1,519,400) | (1,440,300) |
| Net proceeds from sale of equity in joint ventures and certain retail operations | 608,200 | 85,400 | 69,600 |
| Other | 5,600 | 54,300 | 24,900 |
| Net cash used by investing activities | (2,361,500) | (850,000) | (2,222,900) |
| FINANCING ACTIVITIES: | |||
| Proceeds from issuance of long-term debt | 5,584,100 | 750,200 | 1,254,500 |
| Repayments of long-term debt | 0 | (400,000) | 0 |
| Proceeds from issuance of common stock | 153,900 | 150,800 | 160,700 |
| Cash dividends paid | (1,743,400) | (1,450,400) | (1,178,000) |
| Repurchase of common stock | (7,133,500) | (2,042,500) | (1,995,600) |
| Minimum tax withholdings on share-based awards | (62,700) | (82,800) | (106,000) |
| Other | (41,200) | (4,400) | (8,400) |
| Net cash used by financing activities | (3,242,800) | (3,079,100) | (1,872,800) |
| Effect of exchange rate changes on cash and cash equivalents | (39,500) | 10,800 | (3,500) |
| Net increase/(decrease) in cash and cash equivalents | 6,294,000 | 333,500 | 598,700 |
| CASH AND CASH EQUIVALENTS: | |||
| Beginning of period | 2,462,300 | 2,128,800 | |
| End of period | 8,756,300 | 2,462,300 | 2,128,800 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash paid during the period for: | |||
| Interest, net of capitalized interest | 137,100 | 96,600 | 74,700 |
| Income taxes, net of refunds | 1,176,900 | 1,389,100 | 878,700 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
STARBUCKS CORP | ||
Ticker: SBUX Fiscal Year: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending Sept 30, 2018 10-K (Filed: Nov 16, 2018) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Sept 30, 2018 | Oct 1, 2017 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 8,756,300 | 2,462,300 |
| Short-term investments | 181,500 | 228,600 |
| Accounts receivable, net | 693,100 | 870,400 |
| Inventories | 1,400,500 | 1,364,000 |
| Prepaid Expense and Other Assets, Current | 1,462,800 | 358,100 |
| Total current assets | 12,494,200 | 5,283,400 |
| Long-term investments | 267,700 | 542,300 |
| Equity and cost investments | 334,700 | 481,600 |
| Property, plant and equipment, net | 5,929,100 | 4,919,500 |
| Deferred income taxes, net | 134,700 | 795,400 |
| Other long-term assets | 412,200 | 362,800 |
| Other intangible assets | 1,042,200 | 441,400 |
| Goodwill | 3,541,600 | 1,539,200 |
| TOTAL ASSETS | 24,156,400 | 14,365,600 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 1,179,300 | 782,500 |
| Accrued liabilities | 2,298,400 | 1,934,500 |
| Insurance reserves | 213,700 | 215,200 |
| Stored value card liability | 1,642,900 | 1,288,500 |
| Current portion of long-term debt | 349,900 | 0 |
| Total current liabilities | 5,684,200 | 4,220,700 |
| Long-term debt | 9,090,200 | 3,932,600 |
| Deferred Revenue, Noncurrent | 6,775,700 | 4,400 |
| Deferred Tax and Other Liabilities, Noncurrent | 1,430,500 | 750,900 |
| Total liabilities | 22,980,600 | 8,908,600 |
| 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 | 1,300 | 1,400 |
| Additional paid-in capital | 41,100 | 41,100 |
| Retained earnings | 1,457,400 | 5,563,200 |
| Accumulated other comprehensive income/(loss) | (330,300) | (155,600) |
| Total shareholders' equity | 1,169,500 | 5,450,100 |
| Noncontrolling interests | 6,300 | 6,900 |
| Total equity | 1,175,800 | 5,457,000 |
| TOTAL LIABILITIES AND EQUITY | 24,156,400 | 14,365,600 |
| External Links | |
| STARBUCKS CORP (SBUX) Fiscal Year 2018 | |
| 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 |