Starbucks Corporation (SBUX) Financial Statements (2024 and earlier)

Company Profile

Business Address P O BOX 34067
SEATTLE, WA 98124-1067
State of Incorp. WA
Fiscal Year End September 30
Industry (SIC) 581 - Eating And Drinking Places (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1243656,6184,6322,7578,938
Cash and cash equivalents   6,4564,3512,6878,756
Short-term investments12436516228171182
Receivables1,1731,2189691,2691,0201,649
Inventory, net of allowances, customer advances and progress billings2,0882,1771,6041,5511,5291,401
Inventory2,0882,1771,6041,5511,5291,401
Prepaid expense 335387402228347507
Derivative instruments and hedges, assets3975    
Other undisclosed current assets3,1762,798165126  
Total current assets:6,9357,0199,7567,8065,65412,494
Noncurrent Assets
Operating lease, right-of-use asset8,1348,0168,2368,134 
Property, plant and equipment6,7006,5616,3706,2416,4325,929
Long-term investments and receivables284279216426336335
Long-term investments284279216426336335
Intangible assets, net (including goodwill)3,5343,4394,0274,1494,2734,584
Goodwill3,3833,2843,6773,5973,4913,542
Intangible assets, net (excluding goodwill)1511563505527821,042
Derivative instruments and hedges 99     
Deferred income tax assets1,8121,800   
Other noncurrent assets528554579569480412
Deferred tax assets, net135
Other undisclosed noncurrent assets2313112,2092,0482,046268
Total noncurrent assets:21,32120,96021,63621,56813,56611,662
TOTAL ASSETS:28,25627,97831,39329,37519,22024,156
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4385,0884,3052,9534,9003,478
Interest and dividends payable608    
Taxes payable139348981,292 
Employee-related liabilities762772696665 
Accounts payable1,3481,4411,2129981,1901,179
Accrued liabilities2,0902,1371,9731,1611,7542,298
Deferred revenue2,1371,6421,5961,4571,269
Debt1,7491,9249991,689 350
Deferred compensation liability 8610591 102
Derivative instruments and hedges, liabilities3521    
Self insurance reserve      214
Other undisclosed current liabilities1,8873911,1461,157 1,541
Total current liabilities:9,2469,1528,1517,3476,1695,684
Noncurrent Liabilities
Long-term debt and lease obligation13,17720,63521,35522,32111,1679,090
Long-term debt, excluding current maturities13,17713,12013,61714,66011,1679,090
Liabilities, other than long-term debt13,9936,5896,7506,7456,852314
Deferred revenue6,2636,2806,4636,5996,744
Asset retirement obligations 1051171119682
Deferred tax liabilities, net270
Deferred income tax liabilities 119149  
Operating lease, liability7,6357,5157,7387,662 
Derivative instruments and hedges, liabilities9486223612(39)
Other undisclosed noncurrent liabilities5063014517611,2637,893
Total noncurrent liabilities:27,67627,52528,55629,82719,28217,296
Total liabilities:36,92236,67736,70737,17425,45122,981
Equity
Equity, attributable to parent(8,674)(8,707)(5,321)(7,805)(6,232)1,170
Common stock111111
Additional paid in capital672058463744141
Accumulated other comprehensive income (loss)(539)(463)147(365)(503)(330)
Retained earnings (accumulated deficit)(8,203)(8,450)(6,316)(7,816)(5,771)1,457
Equity, attributable to noncontrolling interest887616
Total equity:(8,666)(8,699)(5,315)(7,799)(6,231)1,176
TOTAL LIABILITIES AND EQUITY:28,25627,97831,39329,37519,22024,156

Income Statement (P&L) ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues32,91432,25029,06123,51826,50924,720
Cost of revenue(24,428)(23,879)(20,670)(18,459)(19,021)(17,368)
Cost of goods and services sold     (8,527)(10,175)
Gross profit:8,4868,3718,3915,0597,4887,352
Operating expenses(4,045)(3,987)(3,904)(3,820)(3,708)(3,770)
Other undisclosed operating income252234385323298301
Operating income:4,6934,6184,8721,5624,0783,883
Interest and debt expense(497)(483)(470)(437)(331)(170)
Income from continuing operations before equity method investments, income taxes:4,1964,1354,4021,1253,7473,713
Other undisclosed income from continuing operations before income taxes10997955407192,067
Income from continuing operations before income taxes:4,3054,2325,3571,1644,4665,780
Income tax expense(982)(949)(1,157)(240)(872)(1,262)
Income from continuing operations:3,3233,2834,2009253,5954,518
Income before gain (loss) on sale of properties:2,4673,2834,2009253,5954,518
Net income:3,3233,2834,2009253,5954,518
Net income (loss) attributable to noncontrolling interest(2)(2)(1)450
Net income available to common stockholders, diluted:3,3213,2824,1999283,5994,518

Comprehensive Income ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income:3,3233,2834,2009253,5954,518
Other comprehensive income (loss)(792)(610)512134(173)(175)
Comprehensive income:2,5302,6734,7121,0593,4224,343
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(2)(1)450
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:2,5292,6714,7111,0623,4264,344

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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