Starbucks 1999 Annual Report Download - page 27
Download and view the complete annual report
Please find page 27 of the 1999 Starbucks annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17 -
18 -
19 -
20 -
21 -
22 -
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32
 |
 |
wholesale accounts, domestic retail store and grocery channel licensing agreements, international
licensing agreements and direct-to-consumer business. Revenues from these segments include
both sales to unaffiliated customers and intersegment sales, which are accounted for on a basis
consistent with sales to unaffiliated customers. Intersegment sales and other intersegment
transactions have been eliminated in the accompanying consolidated financial statements.
The accounting policies of the operating segments are the same as those described in the
summary of significant accounting policies in Note 1. Operating income represents earnings
before interest and other income/expense and income taxes. No allocations of overhead, interest
or income taxes are made to the segments. Identifiable assets by segment are those assets used
in the Company’s operations in each segment. General corporate assets include cash and invest-
ments, unallocated assets of the corporate headquarters and deferred tax assets. Management
evaluates performance of the segments based upon direct product sales and operating costs.
The tables below present information by operating segment (in thousands):
Fiscal year ended , , ,
North American retail $ 1,375,018 $ 1,076,731 $ 828,074
All other business units 320,604 238,798 152,564
Intersegment revenues (15,477) (6,827) (5,249)
Total revenues $ 1,680,145 $ 1,308,702 $ 975,389
North American retail $ 209,338 $ 161,334 $121,673
All other business units 55,998 45,943 29,566
Unallocated corporate expenses (107,460) (89,069) (65,040)
Merger expenses – (8,930) –
Intersegment eliminations (1,165) (62) –
Interest, net 7,315 7,134 5,111
Earnings before income taxes $ 164,026 $ 116,350 $ 91,310
North American retail $ 72,252 $ 56,328 $ 42,526
All other business units 7,766 4,721 2,379
Unallocated corporate expenses 17,779 11,494 7,896
Total depreciation and amortization $ 97,797 $ 72,543 $ 52,801
()
All other business units $ 2,318 $ (14) $ (2,760)
Intersegment eliminations 874 1,048 718
Total income (losses) from
equity method investees $ 3,192 $ 1,034 $ (2,042)
, ,
North American retail $ 587,823 $ 465,626
All other business units 97,544 107,115
General corporate assets 567,147 420,014
Total assets $ 1,252,514 $ 992,755
.
STARBUCKS COFFEE COMPANY