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: 2019 | |||
Consolidated Statements of Earnings | |||
Period Ending Sept 29, 2019 10-K (Filed: Nov 15, 2019) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2019 | Sept 30, 2018 | Oct 1, 2017 | |
| Net Revenues: | |||
| Revenues | $ 26,508,600 | 24,719,500 | 22,386,800 |
| Cost of sales | 8,526,900 | 7,930,700 | 7,065,800 |
| Store operating expenses | 10,493,600 | 9,472,200 | 8,486,400 |
| Other operating expenses | 371,000 | 554,900 | 518,000 |
| Depreciation and amortization expenses | 1,377,300 | 1,247,000 | 1,011,400 |
| General and administrative expenses | 1,824,100 | 1,708,200 | 1,408,400 |
| Restructuring Charges | 135,800 | 224,400 | 153,500 |
| Total operating expenses | 22,728,700 | 21,137,400 | 18,643,500 |
| Income from equity investees | 298,000 | 301,200 | 391,400 |
| Operating income | 4,077,900 | 3,883,300 | 4,134,700 |
| Gain resulting from acquisition of joint venture | 0 | 1,376,400 | 0 |
| Gain (Loss) on Disposition of Business | 622,800 | 499,200 | 93,500 |
| Interest income and other, net | 96,500 | 191,400 | 181,800 |
| Interest expense | (331,000) | (170,300) | (92,500) |
| Earnings before income taxes | 4,466,200 | 5,780,000 | 4,317,500 |
| Income Tax Expense (Benefit) | 871,600 | 1,262,000 | 1,432,600 |
| Net earnings including noncontrolling interests | 3,594,600 | 4,518,000 | 2,884,900 |
| Net Income (Loss) Attributable to Noncontrolling Interest | (4,600) | (300) | 200 |
| Net earnings attributable to Starbucks | 3,599,200 | 4,518,300 | 2,884,700 |
| Earnings Per Share, Basic | 2.95 | 3.27 | 1.99 |
| Earnings Per Share, Diluted | 2.92 | 3.24 | 1.97 |
| Weighted average shares outstanding: | |||
| Basic | 1,221,200 | 1,382,700 | 1,449,500 |
| Diluted | 1,233,200 | 1,394,600 | 1,461,500 |
| Franchisor Disclosure | |||
| Company-operated stores | |||
| Revenues | 21,544,400 | 19,690,300 | 17,650,700 |
| Licensed stores | |||
| Revenues | 2,875,000 | 2,652,200 | 2,355,000 |
| Product and Service | |||
| Product and Service, Other | |||
| Revenues | 2,089,200 | 2,377,000 | 2,381,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Sept 29, 2019 10-K (Filed: Nov 15, 2019) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2019 | Sept 30, 2018 | Oct 1, 2017 | |
| Net earnings including noncontrolling interests | $ 3,594,600 | 4,518,000 | 2,884,900 |
| Other comprehensive income/(loss), net of tax: | |||
| Other comprehensive income/(loss) | (173,000) | (174,700) | (47,200) |
| Comprehensive income including noncontrolling interests | 3,421,600 | 4,343,300 | 2,837,700 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | (4,600) | (300) | 200 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 3,426,200 | 4,343,600 | 2,837,500 |
| 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 | 1,300 | 24,700 | (67,200) |
| Reclassification adjustment for net gains (losses) realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit) | 1,600 | (1,200) | 14,000 |
| Equity Components | |||
| Translation Adjustment | |||
| Translation adjustment and other, before tax | (146,200) | (220,000) | (38,300) |
| Translation adjustment and other, tax (expense)/benefit | 2,500 | 3,400 | (2,400) |
| Other comprehensive income/(loss) | (145,400) | (199,700) | (41,300) |
| Noncontrolling Interest | |||
| Other comprehensive income/(loss) | 0 | 0 | 0 |
| Hedging Relationship | |||
| Cash Flow Hedging | |||
| Unrealized gains/(losses) on hedging instruments, before tax | (14,100) | 24,400 | 53,200 |
| Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit | 3,400 | (6,500) | (12,600) |
| Net Investment Hedges | |||
| Unrealized gains/(losses) on hedging instruments, before tax | (39,800) | 7,800 | 20,100 |
| Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit | 10,100 | (2,200) | (7,400) |
| Debt Security Category | |||
| Available-for-sale Securities | |||
| Unrealized holding gains/(losses) on available-for-sale securities, before tax | 10,500 | (7,000) | (9,500) |
| Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit | (2,300) | 1,900 | 2,900 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Sept 29, 2019 10-K (Filed: Nov 15, 2019) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 29, 2019 | Sept 30, 2018 | Oct 1, 2017 | |
| Increase (Decrease) in Prepaid Expenses, Other | $ (922,000) | 839,500 | (20,000) |
| Increase (Decrease) in Income Taxes Payable | 1,237,100 | 146,000 | (91,900) |
| OPERATING ACTIVITIES: | |||
| Net earnings including noncontrolling interests | 3,594,600 | 4,518,000 | 2,884,900 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,449,300 | 1,305,900 | 1,067,100 |
| Deferred income taxes, net | (1,495,400) | 714,900 | 95,100 |
| Income (Loss) from Equity Method Investments1 | (250,600) | (242,800) | (310,200) |
| Distributions received from equity method investees | 216,800 | 226,800 | 186,600 |
| Gain resulting from acquisition of joint venture | 0 | (1,376,400) | 0 |
| Gain (Loss) on Disposition of Business | 622,800 | 499,200 | 93,500 |
| Stock-based compensation | 308,000 | 250,300 | 176,000 |
| Goodwill, Impairment Loss | 10,500 | 37,600 | 87,200 |
| Other | (187,900) | (89,000) | (68,900) |
| Cash provided/(used) by changes in operating assets and liabilities: | |||
| Accounts receivable | (197,700) | 131,000 | (96,800) |
| Inventories | (173,000) | (41,200) | 14,000 |
| Accounts payable | 31,900 | 391,600 | 46,400 |
| Stored value card liability | (30,500) | 7,109,400 | 130,800 |
| Other operating assets and liabilities | (141,100) | 16,400 | 107,200 |
| Net Cash Provided by (Used in) Operating Activities | 5,047,000 | 11,937,800 | 4,251,800 |
| INVESTING ACTIVITIES: | |||
| Purchases of investments | (190,400) | (191,900) | (674,400) |
| Proceeds from Sale and Maturity of Debt Securities, Available-for-sale | 298,300 | 459,000 | 1,054,500 |
| Sales of investments | 291,100 | 459,000 | 999,700 |
| Maturities and calls of investments | 59,800 | 45,300 | 149,600 |
| Acquisitions, net of cash acquired | 0 | (1,311,300) | 0 |
| Additions to property, plant and equipment | (1,806,600) | (1,976,400) | (1,519,400) |
| Net proceeds from sale of equity in joint ventures and certain retail operations | 684,300 | 608,200 | 85,400 |
| Other | (56,200) | 5,600 | 54,300 |
| Net cash used by investing activities | (1,010,800) | (2,361,500) | (850,000) |
| FINANCING ACTIVITIES: | |||
| Proceeds from issuance of long-term debt | 1,996,000 | 5,584,100 | 750,200 |
| Repayments of long-term debt | (350,000) | 0 | (400,000) |
| Proceeds from issuance of common stock | 409,800 | 153,900 | 150,800 |
| Cash dividends paid | (1,761,300) | (1,743,400) | (1,450,400) |
| Repurchase of common stock | (10,222,300) | (7,133,500) | (2,042,500) |
| Minimum tax withholdings on share-based awards | (111,600) | (62,700) | (82,800) |
| Other | (17,500) | (41,200) | (4,400) |
| Net cash used by financing activities | (10,056,900) | (3,242,800) | (3,079,100) |
| Effect of exchange rate changes on cash and cash equivalents | (49,000) | (39,500) | 10,800 |
| Net increase/(decrease) in cash and cash equivalents | (6,069,700) | 6,294,000 | 333,500 |
| CASH AND CASH EQUIVALENTS: | |||
| Beginning of period | 8,756,300 | 2,462,300 | |
| End of period | 2,686,600 | 8,756,300 | 2,462,300 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash paid during the period for: | |||
| Interest, net of capitalized interest | 299,500 | 137,100 | 96,600 |
| Income taxes, net of refunds | 470,100 | 1,176,900 | 1,389,100 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
STARBUCKS CORP | ||
Ticker: SBUX Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Sept 29, 2019 10-K (Filed: Nov 15, 2019) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Sept 29, 2019 | Sept 30, 2018 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 2,686,600 | 8,756,300 |
| Total short-term investments | 70,500 | 181,500 |
| Accounts receivable, net | 879,200 | 693,100 |
| Inventories | 1,529,400 | 1,400,500 |
| Prepaid Expense and Other Assets, Current | 488,200 | 1,462,800 |
| Total current assets | 5,653,900 | 12,494,200 |
| Available-for-sale Securities, Noncurrent | 220,000 | 267,700 |
| Equity Investments | 396,000 | 334,700 |
| Property, plant and equipment, net | 6,431,700 | 5,929,100 |
| Long-term deferred income tax assets | 1,765,800 | 134,700 |
| Other long-term assets | 479,600 | 412,200 |
| Other intangible assets | 781,800 | 1,042,200 |
| Goodwill | 3,490,800 | 3,541,600 |
| TOTAL ASSETS | 19,219,600 | 24,156,400 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 1,189,700 | 1,179,300 |
| Accrued liabilities | 1,753,700 | 1,752,500 |
| Employee-related Liabilities, Current | 664,600 | 656,800 |
| Taxes Payable, Current | 1,291,700 | 102,800 |
| Deferred Revenue, Current | 1,269,000 | 1,642,900 |
| Current portion of long-term debt | 0 | 349,900 |
| Total current liabilities | 6,168,700 | 5,684,200 |
| Long-term debt | 11,167,000 | 9,090,200 |
| Deferred Revenue, Noncurrent | 6,744,400 | 6,775,700 |
| Deferred Tax and Other Liabilities, Noncurrent | 1,370,500 | 1,430,500 |
| Total liabilities | 25,450,600 | 22,980,600 |
| 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 | 1,200 | 1,300 |
| Additional paid-in capital | 41,100 | 41,100 |
| Retained Earnings (Accumulated Deficit) | (5,771,200) | 1,457,400 |
| Accumulated other comprehensive income/(loss) | (503,300) | (330,300) |
| Total shareholders' equity | (6,232,200) | 1,169,500 |
| Noncontrolling interests | 1,200 | 6,300 |
| Total equity | (6,231,000) | 1,175,800 |
| TOTAL LIABILITIES AND EQUITY | 19,219,600 | 24,156,400 |
| External Links | |
| STARBUCKS CORP (SBUX) Fiscal Year 2019 | |
| 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 |