Starbucks 2007 Annual Report Download - page 20

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Item 6. Selected Financial Data
In millions, except earnings per share and store operating data
The following selected financial data are derived from the consolidated financial statements of the Company. The
data below should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and
Results of Operations,” “Risk Factors,” and the Company’s consolidated financial statements and notes. In
particular, see Note 1 to the consolidated financial statements included in Item 8 of this Report for a description
of accounting changes that materially affect the comparability of the data presented below.
As of and for the Fiscal Year Ended(1)
Sept 30,
2007
(52 Wks)
Oct 1,
2006
(52 Wks)
Oct 2,
2005
(52 Wks)
Oct 3,
2004
(53 Wks)
Sept 28,
2003
(52 Wks)
RESULTS OF OPERATIONS
Net revenues:
Company-operated retail ..................... $7,998 $6,583 $5,392 $4,457 $3,450
Specialty:
Licensing ............................... 1,026 861 673 566 410
Foodservice and other ...................... 387 343 304 271 216
Total specialty ............................. 1,413 1,204 977 837 626
Total net revenues ............................ $9,411 $7,787 $6,369 $5,294 $4,076
Operating income ............................ 1,054 894 781 606 421
Earnings before cumulative effect of change in
accounting principle ......................... 673 581 494 389 265
Cumulative effect of accounting change for FIN 47, net
of taxes .................................. — 17 — — —
Net earnings ................................ $ 673 $ 564 $ 494 $ 389 $ 265
Earnings per common share before cumulative effect of
change in accounting principle — diluted ......... $ 0.87 $ 0.73 $ 0.61 $ 0.47 $ 0.33
Cumulative effect of accounting change for FIN 47, net
of taxes — per common share ................. — 0.02 — — —
Net earnings per common share — diluted .......... $ 0.87 $ 0.71 $ 0.61 $ 0.47 $ 0.33
Cash dividends per share ....................... — — — — —
BALANCE SHEET
Working capital (deficit)(2) ..................... $ (459) $ (406) $ (18) $ 605 $ 336
Total assets ................................. 5,344 4,429 3,514 3,386 2,776
Short-term borrowings(3) ....................... 710 700 277 — —
Long-term debt (including current portion)(4) ........ 551 3 4 4 5
Shareholders’ equity .......................... $2,284 $2,229 $2,090 $2,470 $2,069
STORE INFORMATION
Percentage change in comparable store sales(5)
United States .............................. 4% 7% 9% 11% 9%
International .............................. 7% 8% 6% 6% 7%
Consolidated .............................. 5% 7% 8% 10% 8%
Stores opened during the year:(6)
United States
Company — operated stores ................. 1,065 810 580 521 514
Licensed stores........................... 723 733 596 417 315
International
Company — operated stores ................. 277 233 171 158 136
Licensed stores........................... 506 423 325 248 236
Total ...................................... 2,571 2,199 1,672 1,344 1,201
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