Starbucks 2011 Annual Report Download - page 71

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Comprehensive income, net of related tax effects (in millions):
Fiscal Year Ended Oct 2, 2011 Oct 3, 2010 Sep 27, 2009
Net earnings attributable to Starbucks ...................... $1,245.7 $945.6 $390.8
Unrealized holding gains/(losses) on available-for-sale securities,
net of tax (provision)/benefit of $(0.3), $0.1, and $(1.9),
respectively ........................................ 0.4 (0.2) 3.3
Unrealized holding gains/(losses) on cash flow hedging
instruments, net of tax (provision)/benefit of $4.5, $6.6, and
$(2.4), respectively .................................. (7.7) (11.3) 4.0
Unrealized holding losses on net investment hedging instruments,
net of tax benefit of $4.5, $4.0, and $4.0, respectively ........ (7.6) (6.8) (6.8)
Reclassification adjustment for net losses realized in net earnings
for cash flow hedges, net of tax benefit of $6.1, $0.8, and $0.8,
respectively ........................................ 10.5 1.3 1.3
Net unrealized gain/(loss) ............................... (4.4) (17.0) 1.8
Translation adjustment, net of tax (provision)/benefit of $0.9,
$(3.2), and $6.0, respectively .......................... (6.5) 8.8 15.2
Totalcomprehensiveincome............................. $1,234.8 $937.4 $407.8
The unfavorable translation adjustment change during fiscal 2011 was primarily due to the strengthening of the US
dollar against several currencies including the euro, partially offset by the weakening of the US dollar against the
Japanese yen. The favorable translation adjustment change during fiscal 2010 was primarily due to the weakening of
the US dollar against several currencies including the Japanese yen and Canadian dollar, partially offset by the
strengthening of the US dollar against the euro. The favorable translation adjustment change during fiscal 2009 was
primarily due to the weakening of the US dollar against the Japanese yen, Australian dollar and the euro.
Components of accumulated other comprehensive income, net of tax (in millions):
Fiscal Year Ended Oct 2, 2011 Oct 3, 2010
Net unrealized gains/(losses) on available-for-sale securities ................ $ (0.5) $ (0.9)
Net unrealized gains/(losses) on hedging instruments ..................... (45.3) (40.5)
Translationadjustment............................................. 92.1 98.6
Accumulatedothercomprehensiveincome ............................. $46.3 $ 57.2
As of October 2, 2011, the translation adjustment was net of tax provisions of $3.3 million. As of October 3, 2010,
the translation adjustment was net of tax provisions of $4.2 million.
Note 12: Employee Stock and Benefit Plans
We maintain several equity incentive plans under which we may grant non-qualified stock options, incentive stock
options, restricted stock, restricted stock units (“RSUs”), or stock appreciation rights to employees, non-employee
directors and consultants. We issue new shares of common stock upon exercise of stock options and the vesting of
RSUs. We also have an employee stock purchase plan (“ESPP”).
As of October 2, 2011, there were 32.7 million shares of common stock available for issuance pursuant to future
equity-based compensation awards and 8.5 million shares available for issuance under our ESPP.
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