Starbucks 2007 Annual Report Download - page 21

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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)
Stores open at year end:
United States
Company-operated stores ................... 6,793 5,728 4,918 4,338 3,817
Licensed stores........................... 3,891 3,168 2,435 1,839 1,422
International(7)
Company-operated stores ................... 1,712 1,435 1,202 1,031 873
Licensed stores........................... 2,615 2,109 1,686 1,361 1,113
Total ...................................... 15,011 12,440 10,241 8,569 7,225
(1) The Company’s fiscal year ends on the Sunday closest to September 30.
(2) Working capital deficits were primarily due to increased current liabilities from short term borrowings as of
September 30, 2007 and October 1, 2006. See (3) below.
(3) Commercial paper totaling $710 million was outstanding as of September 30, 2007. Short term borrowings of
$700 million under the five-year revolving credit facility were outstanding as of October 1, 2006.
(4) In August 2007, the Company issued $550 million of 10-year notes with a stated interest rate of 6.25%.
(5) Includes only Starbucks Company-operated retail stores open 13 months or longer. Comparable store sales
percentage for fiscal 2004 excludes the extra sales week.
(6) Store openings are reported net of closures.
(7) International store information has been adjusted for the fiscal 2007 acquisition of Beijing licensed operations
by reclassifying historical information from Licensed stores to Company-operated stores.
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