Starbucks 2001 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2001 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.

Page out of 36

  • 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
  • 33
  • 34
  • 35
  • 36

Fiscal 2001 Annual Report 29
Consolidated Statements of Earnings
In thousands, except earnings per share
Fiscal year ended Sept 30, 2001 Oct 1, 2000 Oct 3, 1999
Net revenues:
Retail $ 2,229,594 $ 1,823,607 $ 1,423,389
Specialty 419,386 354,007 263,439
Total net revenues 2,648,980 2,177,614 1,686,828
Cost of sales and related occupancy costs 1,112,785 961,885 747,630
Store operating expenses 875,473 704,898 543,572
Other operating expenses 93,326 78,445 54,629
Depreciation and amortization 163,501 130,232 97,797
General and administrative expenses 151,416 110,202 89,681
Joint venture income 28,615 20,300 3,192
Operating income 281,094 212,252 156,711
Interest and other income, net 10,768 7,110 7,315
Internet-related investment losses 2,940 58,792 -
Earnings before income taxes 288,922 160,570 164,026
Income taxes 107,712 66,006 62,333
Net earnings $ 181,210 $ 94,564 $ 101,693
Net earnings per common share – basic $ 0.48 $ 0.25 $ 0.28
Net earnings per common share – diluted $ 0.46 $ 0.24 $ 0.27
Weighted average shares outstanding:
Basic 380,566 371,191 363,683
Diluted 394,349 385,999 377,062
See Notes to Consolidated Financial Statements.