Starbucks 2008 Annual Report Download - page 21

Download and view the complete annual report

Please find page 21 of the 2008 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 95

  • 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
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95

above are not exhaustive. Other sections of this 10-K include additional factors that could materially and adversely
impact Starbucks business, financial condition and results of operations. Moreover, Starbucks operates in a very
competitive and rapidly changing environment. New factors emerge from time to time and it is not possible for
management to predict the impact of all these factors on Starbucks business, financial condition or results of
operation or the extent to which any factor, or combination of factors, may cause actual results to differ materially
from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not
rely on forward-looking statements as a prediction of actual results. Any or all of the forward-looking statements
contained in this 10-K and any other public statement made by Starbucks or its management may turn out to be
incorrect. Starbucks expressly disclaims any obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Item 1B. Unresolved Staff Comments
Not applicable.
Item 2. Properties
The following table shows properties used by Starbucks in connection with its roasting and distribution operations:
Location
Approximate Size
in Square Feet
Owned or
Leased Purpose
Kent, WA ....................... 332,000 Owned Roasting and distribution
Kent, WA ....................... 285,000 Leased Warehouse
Renton, WA ..................... 125,000 Leased Warehouse
York County, PA .................. 450,000 Owned Roasting and distribution
York County, PA .................. 298,000 Owned Warehouse
York County, PA .................. 231,000 Leased Warehouse
Carson Valley, NV ................. 360,000 Owned Roasting and distribution
Sandy Run, SC ................... 117,000 Owned Roasting and distribution
Portland, OR ..................... 68,000 Leased Warehouse
Basildon, United Kingdom ........... 142,000 Leased Warehouse and distribution
Amsterdam, Netherlands ............ 97,000 Leased Roasting and distribution
The Company leases approximately 1.0 million square feet of office space in Seattle, Washington for corporate
administrative purposes. Also in Seattle, Washington, the Company owns a 205,000 square foot office building with
an adjacent 36,000 square foot plot of land, which is currently under development. The Company is no longer
occupying the office building and is currently considering various options for both the building and the adjacent
land, including sublease and sale.
As of September 28, 2008, Starbucks had more than 9,000 Company-operated retail stores. The Company also
leases space in approximately 170 additional locations for regional, district and other administrative offices,
training facilities and storage, not including certain seasonal retail storage locations.
Item 3. Legal Proceedings
See discussion of Legal Proceedings in Note 17 to the consolidated financial statements included in Item 8 of this
Report.
Item 4. Submission of Matters to a Vote of Security Holders
No matters were submitted to a vote of security holders during the fiscal fourth quarter of 2008.
15