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: 2020 | |||
Consolidated Statements of Earnings | |||
Period Ending Sept 27, 2020 10-K (Filed: Nov 12, 2020) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2020 | Sept 29, 2019 | Sept 30, 2018 | |
| Net Revenues: | |||
| Revenues | $ 23,518,000 | 26,508,600 | 24,719,500 |
| Product and distribution costs | 7,694,900 | 8,526,900 | 7,930,700 |
| Store operating expenses | 10,764,000 | 10,493,600 | 9,472,200 |
| Other operating expenses | 430,300 | 371,000 | 554,900 |
| Depreciation and amortization expenses | 1,431,300 | 1,377,300 | 1,247,000 |
| General and administrative expenses | 1,679,600 | 1,824,100 | 1,708,200 |
| Restructuring and impairments | 278,700 | 135,800 | 224,400 |
| Total operating expenses | 22,278,800 | 22,728,700 | 21,137,400 |
| Income from equity investees | 322,500 | 298,000 | 301,200 |
| Operating income | 1,561,700 | 4,077,900 | 3,883,300 |
| Gain resulting from acquisition of joint venture | 0 | 0 | 1,376,400 |
| Net gain resulting from divestiture of certain retail operations | 0 | 622,800 | 499,200 |
| Interest income and other, net | 39,700 | 96,500 | 191,400 |
| Interest expense | (437,000) | (331,000) | (170,300) |
| Earnings before income taxes | 1,164,400 | 4,466,200 | 5,780,000 |
| Income tax expense | 239,700 | 871,600 | 1,262,000 |
| Net earnings including noncontrolling interests | 924,700 | 3,594,600 | 4,518,000 |
| Net loss attributable to noncontrolling interest | (3,600) | (4,600) | (300) |
| Net earnings attributable to Starbucks | 928,300 | 3,599,200 | 4,518,300 |
| Earnings Per Share, Basic | 0.79 | 2.95 | 3.27 |
| Earnings/(loss) Per Share, Diluted | 0.79 | 2.92 | 3.24 |
| Weighted average shares outstanding: | |||
| Basic | 1,172,800 | 1,221,200 | 1,382,700 |
| Diluted | 1,181,800 | 1,233,200 | 1,394,600 |
| Franchisor Disclosure | |||
| Company-operated stores | |||
| Revenues | 19,164,600 | 21,544,400 | 19,690,300 |
| Licensed stores | |||
| Revenues | 2,327,100 | 2,875,000 | 2,652,200 |
| Product and Service | |||
| Product and Service, Other | |||
| Revenues | 2,026,300 | 2,089,200 | 2,377,000 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Sept 27, 2020 10-K (Filed: Nov 12, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2020 | Sept 29, 2019 | Sept 30, 2018 | |
| Net earnings including noncontrolling interests | $ 924,700 | 3,594,600 | 4,518,000 |
| Other comprehensive income/(loss), net of tax: | |||
| Other comprehensive income/(loss) | 133,900 | (173,000) | (174,700) |
| Comprehensive income including noncontrolling interests | 1,058,600 | 3,421,600 | 4,343,300 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | (3,600) | ||
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 1,062,200 | 3,426,200 | 4,343,600 |
| 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 | (20,100) | 1,300 | 24,700 |
| Reclassification adjustment for net gains (losses) realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment, tax expense/(benefit) | 5,200 | 1,600 | (1,200) |
| Equity Components | |||
| Translation Adjustment | |||
| Translation adjustment and other, before tax | 206,900 | (146,200) | (220,000) |
| Translation adjustment and other, tax (expense)/benefit | 1,500 | 2,500 | 3,400 |
| Other comprehensive income/(loss) | 208,400 | (145,400) | (199,700) |
| Noncontrolling Interest | |||
| Net earnings including noncontrolling interests | (3,600) | (4,600) | (300) |
| Other comprehensive income/(loss) | 0 | 0 | 0 |
| Hedging Relationship | |||
| Cash Flow Hedging | |||
| Unrealized gains/(losses) on hedging instruments, before tax | (126,300) | (14,100) | 24,400 |
| Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit | 31,300 | 3,400 | (6,500) |
| Net Investment Hedges | |||
| Unrealized gains/(losses) on hedging instruments, before tax | 38,700 | (39,800) | 7,800 |
| Unrealized gains/(losses) on hedging instruments, tax (expense)/benefit | (9,800) | 10,100 | (2,200) |
| Debt Security Category | |||
| Available-for-sale Securities | |||
| Unrealized holding gains/(losses) on available-for-sale securities, before tax | 8,300 | 10,500 | (7,000) |
| Unrealized holding gains/(losses) on available-for-sale securities, tax (expense)/benefit | (1,800) | (2,300) | 1,900 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
STARBUCKS CORP | |||
Ticker: SBUX Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Sept 27, 2020 10-K (Filed: Nov 12, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Sept 27, 2020 | Sept 29, 2019 | Sept 30, 2018 | |
| OPERATING ACTIVITIES: | |||
| Net earnings including noncontrolling interests | $ 924,700 | 3,594,600 | 4,518,000 |
| Adjustments to reconcile net earnings to net cash provided by operating activities: | |||
| Depreciation and amortization | 1,503,200 | 1,449,300 | 1,305,900 |
| Deferred income taxes, net | (25,800) | (1,495,400) | 714,900 |
| Income earned from equity method investees | (280,700) | (250,600) | (242,800) |
| Distributions received from equity method investees | 227,700 | 216,800 | 226,800 |
| Gain resulting from acquisition of joint venture | 0 | 0 | 1,376,400 |
| Net gain resulting from divestiture of certain retail operations | 0 | (622,800) | (499,200) |
| Stock-based compensation | 248,600 | 308,000 | 250,300 |
| Goodwill impairments | 0 | 10,500 | 37,600 |
| Non-cash Lease Cost | 1,197,600 | 0 | 0 |
| Loss on retirement and impairment of assets | 454,400 | 142,600 | 75,600 |
| Other | 24,500 | 45,300 | 13,400 |
| Cash provided/(used) by changes in operating assets and liabilities: | |||
| Accounts receivable | (2,700) | (197,700) | 131,000 |
| Inventories | (10,900) | (173,000) | (41,200) |
| Prepaid Expenses, Other | 317,500 | 922,000 | (839,500) |
| Income Taxes Payable | (1,214,600) | 1,237,100 | 146,000 |
| Accounts payable | (210,800) | 31,900 | 391,600 |
| Deferred revenue | 31,000 | (30,500) | 7,109,400 |
| Operating lease liability | (1,231,400) | 0 | 0 |
| Other operating assets and liabilities | 280,500 | (141,100) | 16,400 |
| Net Cash Provided by (Used in) Operating Activities | 1,597,800 | 5,047,000 | 11,937,800 |
| INVESTING ACTIVITIES: | |||
| Purchases of investments | (443,900) | (190,400) | (191,900) |
| Sales of investments | 186,700 | 298,300 | 459,000 |
| Maturities and calls of investments | 73,700 | 59,800 | 45,300 |
| Acquisitions, net of cash acquired | 0 | 0 | (1,311,300) |
| Additions to property, plant and equipment | (1,483,600) | (1,806,600) | (1,976,400) |
| Net proceeds from sale of equity in joint ventures and certain retail operations | 0 | 684,300 | 608,200 |
| Other | (44,400) | (56,200) | 5,600 |
| Net cash used by investing activities | (1,711,500) | (1,010,800) | (2,361,500) |
| FINANCING ACTIVITIES: | |||
| Proceeds from issuance of short-term debt | 1,406,600 | 0 | 0 |
| Repayments of short-term debt | (967,700) | 0 | 0 |
| Proceeds from issuance of long-term debt | 4,727,600 | 1,996,000 | 5,584,100 |
| Repayments of long-term debt | 0 | (350,000) | 0 |
| Proceeds from issuance of common stock | 298,800 | 409,800 | 153,900 |
| Cash dividends paid | (1,923,500) | (1,761,300) | (1,743,400) |
| Repurchase of common stock | (1,698,900) | (10,222,300) | (7,133,500) |
| Minimum tax withholdings on share-based awards | (91,900) | (111,600) | (62,700) |
| Other | (37,700) | (17,500) | (41,200) |
| Net cash used by financing activities | 1,713,300 | (10,056,900) | (3,242,800) |
| Effect of exchange rate changes on cash and cash equivalents | 64,700 | (49,000) | (39,500) |
| Net increase/(decrease) in cash and cash equivalents | 1,664,300 | (6,069,700) | 6,294,000 |
| CASH AND CASH EQUIVALENTS: | |||
| Beginning of period | 2,686,600 | 8,756,300 | |
| End of period | 4,350,900 | 2,686,600 | 8,756,300 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | |||
| Cash paid during the period for: | |||
| Interest, net of capitalized interest | 396,900 | 299,500 | 137,100 |
| Income taxes, net of refunds | 1,699,100 | 470,100 | 1,176,900 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
STARBUCKS CORP | ||
Ticker: SBUX Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Sept 27, 2020 10-K (Filed: Nov 12, 2020) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Sept 27, 2020 | Sept 29, 2019 | |
| ASSETS | ||
| Current assets: | ||
| Cash and Cash Equivalents, at Carrying Value | $ 4,350,900 | 2,686,600 |
| Short-term Investments | 281,200 | 70,500 |
| Accounts Receivable, after Allowance for Credit Loss, Current | 883,400 | 879,200 |
| Inventory, Net | 1,551,400 | 1,529,400 |
| Prepaid Expense and Other Assets, Current | 739,500 | 488,200 |
| Assets, Current | 7,806,400 | 5,653,900 |
| Available-for-sale Securities, Noncurrent | 206,100 | 220,000 |
| Equity Investments | 478,700 | 396,000 |
| Property, Plant and Equipment, Net | 6,241,400 | 6,431,700 |
| Operating Lease, Right-of-Use Asset | 8,134,100 | 0 |
| Deferred Tax Assets, Net, Noncurrent | 1,789,900 | 1,765,800 |
| Other Assets, Noncurrent | 568,600 | 479,600 |
| Intangible Assets, Net (Excluding Goodwill) | 552,100 | 781,800 |
| Goodwill | 3,597,200 | 3,490,800 |
| Assets | 29,374,500 | 19,219,600 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts Payable, Current | 997,900 | 1,189,700 |
| Accrued Liabilities, Current | 1,160,700 | 1,753,700 |
| Employee-related Liabilities, Current | 696,000 | 664,600 |
| Accrued Income Taxes, Current | 98,200 | 1,291,700 |
| Operating Lease, Liability, Current | 1,248,800 | 0 |
| Deferred Revenue, Current | 1,456,500 | 1,269,000 |
| Short-term Debt | 438,800 | 0 |
| Long-term Debt, Current Maturities | 1,249,900 | 0 |
| Liabilities, Current | 7,346,800 | 6,168,700 |
| Long-term Debt, Excluding Current Maturities | 14,659,600 | 11,167,000 |
| Operating Lease, Liability, Noncurrent | 7,661,700 | 0 |
| Deferred Revenue, Noncurrent | 6,598,500 | 6,744,400 |
| Deferred Tax and Other Liabilities, Noncurrent | 907,300 | 1,370,500 |
| Liabilities | 37,173,900 | 25,450,600 |
| Shareholders' equity/(deficit) | ||
| Common stock ($0.001 par value) - authorized 2,400.0 shares; issued and outstanding 1.173.3 and 1,184.6 shares, respectively | 1,200 | 1,200 |
| Additional Paid in Capital, Common Stock | 373,900 | 41,100 |
| Retained Earnings (Accumulated Deficit) | (7,815,600) | (5,771,200) |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | (364,600) | (503,300) |
| Stockholders' Equity/(Deficit) Attributable to Parent | (7,805,100) | (6,232,200) |
| Stockholders' Equity Attributable to Noncontrolling Interest | 5,700 | 1,200 |
| Stockholders' Equity/(Deficit), Including Portion Attributable to Noncontrolling Interest | (7,799,400) | (6,231,000) |
| Liabilities and Shareholders' Equity/(Deficit) | 29,374,500 | 19,219,600 |
| Common stock, par value | 0.0010 | 0.0010 |
| Authorized shares of common stock | 2,400,000,000 | 2,400,000,000 |
| Common Stock, Shares, Issued | 1,173,300,000 | 1,184,600,000 |
| External Links | |
| STARBUCKS CORP (SBUX) Fiscal Year 2020 | |
| 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 |