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43
Item 8. Financial Statements and Supplementary Data
STARBUCKS CORPORATION
CONSOLIDATED STATEMENTS OF EARNINGS
(in millions, except per share data)
Fiscal Year Ended
Sep 29,
2013
Sep 30,
2012
Oct 2,
2011
Net revenues:
Company-operated stores $ 11,793.2 $ 10,534.5 $ 9,632.4
Licensed stores 1,360.5 1,210.3 1,007.5
CPG, foodservice and other 1,738.5 1,554.7 1,060.5
Total net revenues 14,892.2 13,299.5 11,700.4
Cost of sales including occupancy costs 6,382.3 5,813.3 4,915.5
Store operating expenses 4,286.1 3,918.1 3,594.9
Other operating expenses 457.2 429.9 392.8
Depreciation and amortization expenses 621.4 550.3 523.3
General and administrative expenses 937.9 801.2 749.3
Litigation charge 2,784.1 — —
Total operating expenses 15,469.0 11,512.8 10,175.8
Gain on sale of properties — — 30.2
Income from equity investees 251.4 210.7 173.7
Operating income/(loss) (325.4) 1,997.4 1,728.5
Interest income and other, net 123.6 94.4 115.9
Interest expense (28.1)(32.7)(33.3)
Earnings/(loss) before income taxes (229.9) 2,059.1 1,811.1
Income taxes (238.7) 674.4 563.1
Net earnings including noncontrolling interests 8.8 1,384.7 1,248.0
Net earnings attributable to noncontrolling interests 0.5 0.9 2.3
Net earnings attributable to Starbucks $ 8.3 $ 1,383.8 $ 1,245.7
Earnings per share — basic $ 0.01 $ 1.83 $ 1.66
Earnings per share — diluted $ 0.01 $ 1.79 $ 1.62
Weighted average shares outstanding:
Basic 749.3 754.4 748.3
Diluted 762.3 773.0 769.7
Cash dividends declared per share $ 0.89 $ 0.72 $ 0.56
See Notes to Consolidated Financial Statements.
2013 10-K
Starbucks Corporation Form