Starbucks 2005 Annual Report Download - page 33

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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 2004 and 2003 (in thousands):
% 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 retailÏÏÏÏÏÏÏÏÏÏ $3,800,367 84.6% $657,011 81.8% $ Ì Ì% $4,457,378
Specialty:
LicensingÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 436,981 9.7 128,817 16.0 Ì Ì 565,798
Foodservice and other ÏÏÏÏÏÏÏÏÏÏ 253,502 5.7 17,569 2.2 Ì Ì 271,071
Total specialty ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 690,483 15.4 146,386 18.2 Ì Ì 836,869
Total net revenues ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 4,490,850 100.0 803,397 100.0 Ì Ì 5,294,247
Cost of sales including occupancy
costsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,782,584 39.7 408,856 50.9 Ì Ì 2,191,440
Store operating expenses ÏÏÏÏÏÏÏÏÏÏÏÏ 1,546,871 40.7(1) 243,297 37.0(1) Ì Ì 1,790,168
Other operating expenses ÏÏÏÏÏÏÏÏÏÏÏ 144,853 21.0(2) 26,795 18.3(2) Ì Ì 171,648
Depreciation and amortization
expenses ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 210,448 4.7 46,196 5.8 32,538 0.6 289,182
General and administrative expenses ÏÏ 80,221 1.8 48,206 6.0 175,866 3.3 304,293
Income from equity investeesÏÏÏÏÏÏÏÏ 37,453 0.8 21,618 2.7 Ì Ì 59,071
Operating income/(loss)ÏÏÏÏÏÏÏÏÏÏ $ 763,326 17.0% $ 51,665 6.4% $(208,404) (3.9)% $ 606,587
% of % of % of
United Inter- Total
United States Inter- national Unallocated Net
52 Weeks Ended September 28, 2003 States Revenue national Revenue Corporate Revenue Consolidated
Net revenues:
Company-operated retailÏÏÏÏÏÏÏÏÏÏ $2,965,618 85.4% $484,006 80.3% $ Ì Ì% $3,449,624
Specialty:
LicensingÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 301,175 8.7 108,376 18.0 Ì Ì 409,551
Foodservice and other ÏÏÏÏÏÏÏÏÏÏ 205,659 5.9 10,688 1.7 Ì Ì 216,347
Total specialty ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 506,834 14.6 119,064 19.7 Ì Ì 625,898
Total net revenues ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 3,472,452 100.0 603,070 100.0 Ì Ì 4,075,522
Cost of sales including occupancy
costsÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 1,358,836 39.1 322,598 53.5 Ì Ì 1,681,434
Store operating expenses ÏÏÏÏÏÏÏÏÏÏÏÏ 1,199,020 40.4(1) 180,554 37.3(1) Ì Ì 1,379,574
Other operating expenses ÏÏÏÏÏÏÏÏÏÏÏ 119,960 23.7(2) 21,386 18.0(2) Ì Ì 141,346
Depreciation and amortization
expenses ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 173,747 5.0 38,818 6.4 32,106 0.8 244,671
General and administrative expenses ÏÏ 45,007 1.3 44,352 7.4 155,191 3.8 244,550
Income from equity investeesÏÏÏÏÏÏÏÏ 28,484 0.8 8,419 1.4 Ì Ì 36,903
Operating income/(loss)ÏÏÏÏÏÏÏÏÏÏ $ 604,366 17.4% $ 3,781 0.6% $(187,297) (4.6)% $ 420,850
(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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