Starbucks 2001 Annual Report Download - page 4

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Selected Financial Data
In thousands, except earnings per share and store operating data
The following selected financial data have been derived from the consolidated financial statements of
the Company.The data set forth below should be read in conjunction with “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” and the Company’s consolidated
financial statements and notes thereto.
As of and for the Sept 30, 2001 Oct 1, 2000 Oct 3, 1999 Sept 27, 1998 Sept 28, 1997
fiscal year ended (1) (52 Wks) (52 Wks) (53 Wks) (52 Wks) (52 Wks)
RESULTS OF OPERATIONS DATA
Net revenues:
Retail $ 2,229,594 $ 1,823,607 $ 1,423,389 $ 1,102,574 $ 836,291
Specialty 419,386 354,007 263,439 206,128 139,098
Total net revenues 2,648,980 2,177,614 1,686,828 1,308,702 975,389
Merger expenses (2) - - - 8,930 -
Operating income 281,094 212,252 156,711 109,216 86,199
Internet-related investment losses (3) 2,940 58,792 - - -
Net earnings $ 181,210 $ 94,564 $ 101,693 $ 68,372 $ 55,211
Net earnings per common share – diluted (4) $ 0.46 $ 0.24 $ 0.27 $ 0.19 $ 0.17
Cash dividends per share - - - - -
BALANCE SHEET DATA
Working capital $ 148,661 $ 146,568 $ 135,303 $ 157,805 $ 172,079
Total assets 1,851,039 1,491,546 1,252,514 992,755 857,152
Long-term debt (including current portion) 6,483 7,168 7,691 1,803 168,832
Shareholders’equity 1,375,927 1,148,399 961,013 794,297 533,710
STORE OPERATING DATA
Percentage change in comparable store sales (5) 5% 9% 6% 5% 5%
Stores open at year-end:
Continental North America
Company-operated stores 2,971 2,446 2,038 1,622 1,270
Licensed stores 809 530 179 133 94
International
Company-operated stores 295 173 97 66 31
Licensed stores 634 352 184 65 17
Total stores 4,709 3,501 2,498 1,886 1,412
(1) The Company’s fiscal year ends on the Sunday closest to September 30.All fiscal years presented include 52 weeks,
except fiscal 1999, which includes 53 weeks.
(2) Merger expenses relate to the business combination with Seattle Coffee Holdings Limited.
(3) See Notes to Consolidated Financial Statements (Notes 4 and 8).
(4) See Notes to Consolidated Financial Statements (Note 1). Earnings per share data for fiscal years presented have been
restated to reflect the two-for-one stock splits in fiscal 2001 and 1999.
(5) Includes only Company-operated stores open 13 months or longer.