Starbucks 2007 Annual Report Download - page 42

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STARBUCKS CORPORATION
CONSOLIDATED BALANCE SHEETS
Fiscal Year Ended
Sept 30,
2007
Oct 1,
2006
In thousands, except share data
ASSETS
Current assets:
Cash and cash equivalents ........................................ $ 281,261 $ 312,606
Short-term investments — available-for-sale securities ................... 83,845 87,542
Short-term investments — trading securities ........................... 73,588 53,496
Accounts receivable, net ......................................... 287,925 224,271
Inventories ................................................... 691,658 636,222
Prepaid expenses and other current assets ............................ 148,757 126,874
Deferred income taxes, net ....................................... 129,453 88,777
Total current assets ........................................... 1,696,487 1,529,788
Long-term investments — available-for-sale securities ..................... 21,022 5,811
Equity and other investments ....................................... 258,846 219,093
Property, plant and equipment, net . . . ................................ 2,890,433 2,287,899
Other assets .................................................... 219,422 186,917
Other intangible assets ............................................ 42,043 37,955
Goodwill ...................................................... 215,625 161,478
TOTAL ASSETS .............................................. $5,343,878 $4,428,941
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Commercial paper and short-term borrowings ......................... $ 710,248 $ 700,000
Accounts payable .............................................. 390,836 340,937
Accrued compensation and related costs ............................. 332,331 288,963
Accrued occupancy costs ........................................ 74,591 54,868
Accrued taxes ................................................. 92,516 94,010
Other accrued expenses .......................................... 257,369 224,154
Deferred revenue .............................................. 296,900 231,926
Current portion of long-term debt . . ................................ 775 762
Total current liabilities......................................... 2,155,566 1,935,620
Long-term debt.................................................. 550,121 1,958
Other long-term liabilities .......................................... 354,074 262,857
Total liabilities .............................................. 3,059,761 2,200,435
Shareholders’ equity:
Common stock ($0.001 par value) — authorized, 1,200,000,000 shares; issued
and outstanding, 738,285,285 and 756,602,071 shares, respectively, (includes
3,420,448 common stock units in both periods) ...................... 738 756
Other additional paid-in-capital .................................... 39,393 39,393
Retained earnings .............................................. 2,189,366 2,151,084
Accumulated other comprehensive income ............................ 54,620 37,273
Total shareholders’ equity ...................................... 2,284,117 2,228,506
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ............... $5,343,878 $4,428,941
See Notes to Consolidated Financial Statements.
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