Starbucks 2006 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2006 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 83

  • 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
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83

CONSOLIDATED BALANCE SHEETS
In thousands, except share data
FISCAL YEAR ENDED Oct 1, 2006 Oct 2, 2005
ASSETS
Current assets:
Cash and cash equivalents $ 312,606 $ 173,809
Short-term investments — available-for-sale securities 87,542 95,379
Short-term investments — trading securities 53,496 37,848
Accounts receivable, net of allowances of $3,827 and $3,079, respectively 224,271 190,762
Inventories 636,222 546,299
Prepaid expenses and other current assets 126,874 94,429
Deferred income taxes, net 88,777 70,808
Total current assets 1,529,788 1,209,334
Long-term investments — available-for-sale securities 5,811 60,475
Equity and other investments 219,093 201,089
Property, plant and equipment, net 2,287,899 1,842,019
Other assets 186,917 72,893
Other intangible assets 37,955 35,409
Goodwill 161,478 92,474
Total assets $4,428,941 $3,513,693
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 340,937 $ 220,975
Accrued compensation and related costs 288,963 232,354
Accrued occupancy costs 54,868 44,496
Accrued taxes 94,010 78,293
Short-term borrowings 700,000 277,000
Other accrued expenses 224,154 198,082
Deferred revenue 231,926 175,048
Current portion of long-term debt 762 748
Total current liabilities 1,935,620 1,226,996
Long-term debt 1,958 2,870
Other long-term liabilities 262,857 193,565
Total liabilities 2,200,435 1,423,431
Shareholders’ equity:
Common stock ($0.001 par value) and additional paid-in-capital — authorized,
1,200,000,000 shares; issued and outstanding, 756,602,071 and 767,442,110 shares,
respectively, (includes 3,394,200 common stock units in both periods) 756 767
Additional paid-in capital — 90,201
Other additional paid-in-capital 39,393 39,393
Retained earnings 2,151,084 1,938,987
Accumulated other comprehensive income 37,273 20,914
Total shareholders’ equity 2,228,506 2,090,262
Total liabilities and shareholders’ equity $4,428,941 $3,513,693
See Notes to Consolidated Financial Statements.
38 STARBUCKS CORPORATION, FORM 10-K