Starbucks 2007 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2007 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

The tables below represent information by geographic area (in thousands):
Fiscal Year Ended Sept 30, 2007 Oct 1, 2006 Oct 2, 2005
Net revenues from external customers:
United States ................................ $7,678,876 $6,478,142 $5,346,967
Other countries .............................. 1,732,621 1,308,800 1,022,333
Total ........................................ $9,411,497 $7,786,942 $6,369,300
No customer accounts for 10% or more of the Company’s revenues. Revenues are shown based on the geographic
location of the customers. Revenues from countries other than the United States consist primarily of revenues from
the UK and Canada, which together account for approximately 71% of net revenues from other countries for fiscal
2007.
Fiscal Year Ended Sept 30, 2007 Oct 1, 2006 Oct 2, 2005
Long-lived assets:
United States ................................ $2,990,655 $2,446,126 $1,914,846
Other countries .............................. 667,873 453,027 389,513
Total ........................................ $3,658,528 $2,899,153 $2,304,359
Note 19: Quarterly Financial Information (unaudited)
Summarized quarterly financial information in fiscal 2007 and 2006 is as follows (in thousands, except earnings per
share):
First Second Third Fourth Total
2007 quarter:
Net revenues .................. $2,355,723 $2,255,594 $2,359,245 $2,440,935 $9,411,497
Operating income .............. 319,724 240,974 245,214 248,033 1,053,945
Net earnings .................. 204,952 150,840 158,343 158,503 672,638
Net earnings per common share —
diluted..................... 0.26 0.19 0.21 0.21 0.87
2006 quarter:
Net revenues .................. $1,934,092 $1,885,822 $1,963,673 $2,003,355 $7,786,942
Operating income .............. 279,847 201,894 214,573 197,638 893,952
Earnings before cumulative effect of
change in accounting principle . . . 174,156 127,316 145,498 134,503 581,473
Cumulative effect of accounting
change for FIN 47, net of taxes . . 17,214 17,214
Net earnings .................. 174,156 127,316 145,498 117,289 564,259
Earnings per common share before
cumulative effect of accounting
change for FIN 47 — diluted .... 0.22 0.16 0.18 0.17 0.73
Net earnings per common share —
diluted..................... 0.22 0.16 0.18 0.15 0.71
71