Starbucks 2013 Annual Report Download - page 71

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63
During the fourth quarter of 2013, we sold our 18% interest in Starbucks Coffee Argentina S.R.L. to our joint venture partner
Alsea, S.A.B. de C.V., for a total purchase price of $4.4 million. This transaction resulted in a loss of $1.0 million, which was
included in net interest income and other in the consolidated statements of earnings.
During the second quarter of fiscal 2013, we sold our 18% interest in Cafe Sirena S. de R.L. de CV (a Mexican limited liability
company), to our controlling joint venture partner, SC de Mexico, S.A. de CV, owned by Alsea, S.A.B. de C.V., for a total
purchase price of $50.3 million, which includes final working capital adjustments. This transaction resulted in a gain of $35.2
million, which was included in net interest income and other in the consolidated statements of earnings.
During the fourth quarter of fiscal 2012, we made a $25 million investment in the preferred stock of Square, Inc. In addition, in
conjunction with a commercial agreement with Square, we also received warrants to purchase common stock of Square that are
subject to certain vesting conditions.
Note 7: Supplemental Balance Sheet Information (in millions)
Property, Plant and Equipment, net Sep 29, 2013 Sep 30, 2012
Land $ 47.0 $ 46.2
Buildings 259.6 225.2
Leasehold improvements 4,431.6 3,957.6
Store equipment 1,353.9 1,251.0
Roasting equipment 397.9 322.8
Furniture, fixtures and other 949.7 836.2
Work in progress 342.4 264.1
Property, plant and equipment, gross 7,782.1 6,903.1
Less accumulated depreciation (4,581.6)(4,244.2)
Property, plant and equipment, net $ 3,200.5 $ 2,658.9
On August 8, 2011, we completed the sale of two office buildings for gross consideration of $125 million. As a result of this
sale, we recognized a $30.2 million gain within operating income on the consolidated statements of earnings in fiscal 2011.
Accrued Liabilities Sep 29, 2013 Sep 30, 2012
Accrued compensation and related costs $ 420.2 $ 381.6
Accrued occupancy costs 120.7 126.9
Accrued taxes 125.0 138.3
Accrued dividend payable 195.8 157.4
Other 407.6 329.6
Total accrued liabilities $ 1,269.3 $ 1,133.8
Note 8: Other Intangible Assets and Goodwill
Other intangible assets (in millions):
Sep 29, 2013 Sep 30, 2012
Indefinite-lived intangibles $ 205.6 $ 87.7
Definite-lived intangibles 89.7 72.3
Accumulated amortization (20.5)(16.3)
Definite-lived intangibles, net 69.2 56.0
Total other intangible assets $ 274.8 $ 143.7
Definite-lived intangibles approximate remaining weighted average useful life in
years 9 10
2013 10-K
Starbucks Corporation Form