Starbucks 2004 Annual Report Download - page 16

Fiscal 2004 Annual Report 27
CONSOLIDATED BALANCE SHEETS
In thousands, except share data
Fiscal year ended Oct 3, 2004 Sept 28, 2003
ASSETS
Current assets:
Cash and cash equivalents $ 299,128 $ 200,907
Short-term investments – available-for-sale securities 329,082 128,905
Short-term investments – trading securities 24,799 20,199
Accounts receivable, net of allowances of $2,231 and $4,809, respectively 131,015 114,448
Inventories 422,663 342,944
Prepaid expenses and other current assets 71,347 55,173
Deferred income taxes, net 81,240 61,453
Total current assets 1,359,274 924,029
Long-term investments – available-for-sale securities 135,179 136,159
Equity and other investments 171,747 144,257
Property, plant and equipment, net 1,471,446 1,384,902
Other assets 85,561 52,113
Other intangible assets 26,800 24,942
Goodwill 68,950 63,344
TOTAL ASSETS $ 3,318,957 $ 2,729,746
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 191,574 $ 168,984
Accrued compensation and related costs 208,927 152,608
Accrued occupancy costs 65,873 56,179
Accrued taxes 63,038 54,934
Other accrued expenses 122,245 101,800
Deferred revenue 121,377 73,476
Current portion of long-term debt 735 722
Total current liabilities 773,769 608,703
Deferred income taxes, net 46,683 33,217
Long-term debt 3,618 4,354
Other long-term liabilities 8,132 1,045
Shareholders’ equity:
Common stock and additional paid-in capital – authorized, 600,000,000 shares;
issued and outstanding, 397,405,844 and 393,692,536 shares, respectively,
(includes 1,697,100 common stock units in both periods) 956,685 959,103
Other additional paid-in capital 39,393 39,393
Retained earnings 1,461,458 1,069,683
Accumulated other comprehensive income 29,219 14,248
Total shareholders’ equity 2,486,755 2,082,427
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 3,318,957 $ 2,729,746
See Notes to Consolidated Financial Statements.