Starbucks 2009 Annual Report Download - page 49

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STARBUCKS CORPORATION
CONSOLIDATED BALANCE SHEETS
(In millions, except per share data)
Sep 27,
2009 Sep 28,
2008
ASSETS
Current assets:
Cash and cash equivalents ........................................... $ 599.8 $ 269.8
Short-term investments — available-for-sale securities . ...................... 21.5 3.0
Short-term investments — trading securities .............................. 44.8 49.5
Accounts receivable, net ............................................. 271.0 329.5
Inventories ....................................................... 664.9 692.8
Prepaid expenses and other current assets ................................ 147.2 169.2
Deferred income taxes, net ........................................... 286.6 234.2
Total current assets ............................................... 2,035.8 1,748.0
Long-term investments — available-for-sale securities . . . ...................... 71.2 71.4
Equity and cost investments ............................................ 352.3 302.6
Property, plant and equipment, net ....................................... 2,536.4 2,956.4
Other assets........................................................ 253.8 261.1
Other intangible assets ................................................ 68.2 66.6
Goodwill .......................................................... 259.1 266.5
TOTAL ASSETS .................................................. $5,576.8 $5,672.6
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Commercial paper and short-term borrowings ............................. $ — $ 713.0
Accounts payable .................................................. 267.1 324.9
Accrued compensation and related costs ................................. 307.5 253.6
Accrued occupancy costs ............................................ 188.1 136.1
Accrued taxes .................................................... 127.8 76.1
Insurance reserves ................................................. 154.3 152.5
Other accrued expenses ............................................. 147.3 164.4
Deferred revenue .................................................. 388.7 368.4
Current portion of long-term debt ...................................... 0.2 0.7
Total current liabilities ............................................ 1,581.0 2,189.7
Long-term debt ..................................................... 549.3 549.6
Other long-term liabilities ............................................. 400.8 442.4
Total liabilities .................................................. 2,531.1 3,181.7
Shareholders’ equity:
Common stock ($0.001 par value) — authorized, 1,200.0 shares; issued and
outstanding, 742.9 and 735.5 shares, respectively (includes 3.4 common stock
units in both periods) ............................................. 0.7 0.7
Additional paid-in capital ............................................ 147.0 —
Other additional paid-in-capital........................................ 39.4 39.4
Retained earnings.................................................. 2,793.2 2,402.4
Accumulated other comprehensive income ............................... 65.4 48.4
Total shareholders’ equity .......................................... 3,045.7 2,490.9
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ................... $5,576.8 $5,672.6
See Notes to Consolidated Financial Statements.
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