Starbucks 2011 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2011 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 98

  • 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
  • 96
  • 97
  • 98

Item 6. Selected Financial Data
In millions, except earnings per share and store information
The following selected financial data are derived from the consolidated financial statements. The data below should
be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of
Operations,” “Risk Factors,” and the consolidated financial statements and notes.
As of and for the Fiscal Year Ended(1)
Oct 2,
2011
(52 Wks)
Oct 3,
2010
(53 Wks)
Sep 27,
2009
(52 Wks)
Sep 28,
2008
(52 Wks)
Sep 30,
2007
(52 Wks)
RESULTS OF OPERATIONS
Net revenues:
Company-operatedstores ......................... $ 9,632.4 $ 8,963.5 $8,180.1 $ 8,771.9 $7,998.3
Licensed stores(2) ................................ 1,007.5 875.2 795.0 779.0 660.0
CPG, foodservice and other(2) ...................... 1,060.5 868.7 799.5 832.1 753.2
Totalnetrevenues ................................. $11,700.4 $10,707.4 $9,774.6 $10,383.0 $9,411.5
Operating income(3) ................................ $ 1,728.5 $ 1,419.4 $ 562.0 $ 503.9 $1,053.9
Net earnings including noncontrolling interests ........... 1,248.0 948.3 391.5 311.7 673.7
Net earnings (loss) attributable to noncontrolling interests . . 2.3 2.7 0.7 (3.8) 1.1
NetearningsattributabletoStarbucks .................. 1,245.7 945.6 390.8 315.5 672.6
EPS—diluted .................................... 1.62 1.24 0.52 0.43 0.87
Cashdividendsdeclaredpershare ..................... 0.56 0.36 0.00 0.00 0.00
Net cash provided by operating activities ............... 1,612.4 1,704.9 1,389.0 1,258.7 1,331.2
Capital expenditures (additions to property, plant and
equipment)..................................... 531.9 440.7 445.6 984.5 1,080.3
BALANCE SHEET
Totalassets ...................................... $ 7,360.4 $ 6,385.9 $5,576.8 $ 5,672.6 $5,343.9
Short-termborrowings.............................. 0.0 0.0 0.0 713.0 710.3
Long-term debt (including current portion) .............. 549.5 549.4 549.5 550.3 550.9
Shareholders’equity ............................... 4,384.9 3,674.7 3,045.7 2,490.9 2,284.1
STORE INFORMATION
Percentage change in comparable store sales(4)
UnitedStates ..................................... 8% 7% (6)% (5)% 4%
International...................................... 5% 6% (2)% 2% 7%
Consolidated ..................................... 8% 7% (6)% (3)% 5%
Net stores opened (closed) during the year:
United States
Company—operatedstores ....................... (2) (57) (474) 445 1,065
Licensed stores(5) ................................ (342) 60 35 438 723
International(6)
Company—operatedstores ....................... 144 (16) 105 262 310
Licensedstores ................................. 345 236 289 524 473
Total............................................ 145 223 (45) 1,669 2,571
Stores open at year end:
United States
Company-operatedstores ......................... 6,705 6,707 6,764 7,238 6,793
Licensedstores ................................. 4,082 4,424 4,364 4,329 3,891
International(6)
Company-operatedstores ......................... 2,326 2,182 2,198 2,093 1,831
Licensedstores ................................. 3,890 3,545 3,309 3,020 2,496
Total............................................ 17,003 16,858 16,635 16,680 15,011
20