Starbucks 2011 Annual Report Download - page 49

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Item 8. Financial Statements and Supplementary Data
STARBUCKS CORPORATION
CONSOLIDATED STATEMENTS OF EARNINGS
(In millions, except per share data)
Fiscal Year Ended
Oct 2,
2011
Oct 3,
2010
Sep 27,
2009
Net revenues:
Company-operatedstores ...................................... $ 9,632.4 $ 8,963.5 $8,180.1
Licensedstores .............................................. 1,007.5 875.2 795.0
CPG,foodserviceandother .................................... 1,060.5 868.7 799.5
Totalnetrevenues.............................................. 11,700.4 10,707.4 9,774.6
Costofsalesincludingoccupancycosts ............................. 4,949.3 4,458.6 4,324.9
Storeoperatingexpenses......................................... 3,665.1 3,551.4 3,425.1
Otheroperatingexpenses ........................................ 402.0 293.2 264.4
Depreciationandamortizationexpenses ............................. 523.3 510.4 534.7
Generalandadministrativeexpenses ............................... 636.1 569.5 453.0
Restructuringcharges ........................................... 0.0 53.0 332.4
Totaloperatingexpenses..................................... 10,175.8 9,436.1 9,334.5
Gain on sale of properties ........................................ 30.2 0.0 0.0
Incomefromequityinvestees ..................................... 173.7 148.1 121.9
Operatingincome .......................................... 1,728.5 1,419.4 562.0
Interestincomeandother,net ..................................... 115.9 50.3 37.0
Interestexpense ............................................... (33.3) (32.7) (39.1)
Earningsbeforeincometaxes ................................. 1,811.1 1,437.0 559.9
Incometaxes .................................................. 563.1 488.7 168.4
Net earnings including noncontrolling interests ................... 1,248.0 948.3 391.5
Net earnings (loss) attributable to noncontrolling interests ........... 2.3 2.7 0.7
Net earnings attributable to Starbucks ........................... $ 1,245.7 $ 945.6 $ 390.8
Earningspershare—basic....................................... $ 1.66 $ 1.27 $ 0.53
Earningspershare—diluted ..................................... $ 1.62 $ 1.24 $ 0.52
Weighted average shares outstanding:
Basic .................................................... 748.3 744.4 738.7
Diluted .................................................. 769.7 764.2 745.9
Cashdividendsdeclaredpershare ................................. $ 0.56 $ 0.36 $ 0.00
See Notes to Consolidated Financial Statements.
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