Starbucks 2005 Annual Report Download - page 28

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Operating Segments
Segment information is prepared on the same basis that the Company's management reviews financial
information for operational decision-making purposes. The following tables summarize the Company's results
of operations by segment for fiscal 2005 and 2004 (in thousands):
% of % of % of
United Inter- Total
United States Inter- national Unallocated Net
52 Weeks Ended October 2, 2005 States Revenue national Revenue Corporate Revenue Consolidated
Net revenues:
Company-operated retail ÏÏÏÏÏ $4,539,455 85.1% $ 852,472 82.4% $ Ì Ì% $5,391,927
Specialty:
Licensing ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 514,932 9.7 158,083 15.3 Ì Ì 673,015
Foodservice and otherÏÏÏÏÏÏ 280,073 5.2 24,285 2.3 Ì Ì 304,358
Total specialty ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 795,005 14.9 182,368 17.6 Ì Ì 977,373
Total net revenuesÏÏÏÏÏÏÏÏÏÏÏÏÏ 5,334,460 100.0 1,034,840 100.0 Ì Ì 6,369,300
Cost of sales including occupancy
costs ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 2,086,707 39.1 518,505 50.1 Ì Ì 2,605,212
Store operating expenses ÏÏÏÏÏÏÏ 1,848,836 40.7(1) 317,075 37.2(1) Ì Ì 2,165,911
Other operating expenses ÏÏÏÏÏÏÏ 162,793 20.5(2) 34,231 18.8(2) Ì Ì 197,024
Depreciation and amortization
expenses ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 250,415 4.7 56,705 5.5 33,049 0.5 340,169
General and administrative
expenses ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 85,362 1.6 53,069 5.1 218,683 3.4 357,114
Income from equity investees ÏÏÏ 45,579 0.9 31,166 3.0 Ì Ì 76,745
Operating income/(loss) ÏÏÏÏÏ $ 945,926 17.7% $ 86,421 8.4% $(251,732) (3.9)% $ 780,615
% of % of % of
United Inter- Total
United States Inter- national Unallocated Net
53 Weeks Ended October 3, 2004 States Revenue national Revenue Corporate Revenue Consolidated
Net revenues:
Company-operated retail ÏÏÏÏÏ $3,800,367 84.6% $ 657,011 81.8% $ Ì Ì% $4,457,378
Specialty:
Licensing ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 436,981 9.7 128,817 16.0 Ì Ì 565,798
Foodservice and otherÏÏÏÏÏÏ 253,502 5.7 17,569 2.2 Ì Ì 271,071
Total specialty ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 690,483 15.4 146,386 18.2 Ì Ì 836,869
Total net revenuesÏÏÏÏÏÏÏÏÏÏÏÏÏ 4,490,850 100.0 803,397 100.0 Ì Ì 5,294,247
Cost of sales including occupancy
costs ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,782,584 39.7 408,856 50.9 Ì Ì 2,191,440
Store operating expenses ÏÏÏÏÏÏÏ 1,546,871 40.7(1) 243,297 37.0(1) Ì Ì 1,790,168
Other operating expenses ÏÏÏÏÏÏÏ 144,853 21.0(2) 26,795 18.3(2) Ì Ì 171,648
Depreciation and amortization
expenses ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 210,448 4.7 46,196 5.8 32,538 0.6 289,182
General and administrative
expenses ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 80,221 1.8 48,206 6.0 175,866 3.3 304,293
Income from equity investees ÏÏÏ 37,453 0.8 21,618 2.7 Ì Ì 59,071
Operating income/(loss) ÏÏÏÏÏ $ 763,326 17.0% $ 51,665 6.4% $(208,404) (3.9)% $ 606,587
(1) Shown as a percentage of related Company-operated retail revenues.
(2) Shown as a percentage of related total specialty revenues.
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