Starbucks 2012 Annual Report Download - page 81

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75
Note 11: Shareholders’ Equity
In addition to 1.2 billion shares of authorized common stock with $0.001 par value per share, we have authorized
7.5 million shares of preferred stock, none of which was outstanding at September 30, 2012.
Included in additional paid-in capital in our consolidated statements of equity as of September 30, 2012 and
October 2, 2011 is $39.4 million related to the increase in value of our share of the net assets of Starbucks Japan at
the time of its initial public stock offering in fiscal 2002.
Share repurchase activity (in millions, except for average price data):
Fiscal Year Ended Sep 30, 2012 Oct 2, 2011
Number of shares acquired 12.3 15.6
Average price per share of acquired shares $ 48.15 $ 35.53
Total cost of acquired shares $ 593.2 $ 555.9
As of September 30, 2012, 12.1 million shares remained available for repurchase under the current authorization.
On November 14, 2012, our Board of Directors authorized the repurchase of up to an additional 25 million shares
under our share repurchase program.
During fiscal years 2012 and 2011, our Board of Directors declared the following dividends (in millions, except
per share amounts):
Dividend Per Share Record date Total Amount Payment Date
Fiscal Year 2012:
First quarter $0.17 February 8, 2012 $128.2 February 24, 2012
Second quarter $0.17 May 9, 2012 $129.0 May 25, 2012
Third quarter $0.17 August 8, 2012 $129.1 August 24, 2012
Fourth quarter $0.21 November 15, 2012 $157.4 November 30, 2012
Fiscal Year 2011:
First quarter $0.13 February 9, 2011 $97.4 February 25, 2011
Second quarter $0.13 May 11, 2011 $97.8 May 27, 2011
Third quarter $0.13 August 10, 2011 $97.4 August 26, 2011
Fourth quarter $0.17 November 17, 2011 $126.6 December 2, 2011
Comprehensive Income
Comprehensive income includes all changes in equity during the period, except those resulting from transactions
with our shareholders. Comprehensive income is comprised of net earnings and other comprehensive income.
Accumulated other comprehensive income reported on our consolidated balance sheets consists of foreign
currency translation adjustments and the unrealized gains and losses, net of applicable taxes, on available-for-sale
securities and on derivative instruments designated and qualifying as cash flow and net investment hedges.