Net Revenues :

Company operated stores

licensed stores
Others
Total Net Revenues
Cost of Sales
Stores Operation Expense
Other Operating Expenses
Depreciation and Amortisation Expenses
General and Administrative Expenses
Restructuring and Impairments
Total operating expenses
Income from equity investees
Operating Income(EBIT)
Gain Resulting from Joint venture
Net Gain Resulting from Divestiture of certain Operations
Interest Income and other Net
Interest Expense
Earning before Income Taxes
Income Tax expense
Net Earnings Including Non controlling interest
Net Earning/loss attributable to non controlling interest
Net earnings attributable to starbucks
Earnings per share-Basic
Earnings per share-Diliuted
Weighted average shares outstanding
Basic
Diluted
OPERATING ACTIVITIES
Net earning including noncontrolling interests
Adjustments to reconcile net earnings to net cash provided by operating activities
Depriciation and amortization
Deferred income taxes, net
Income earned from equity method investees
Distributions received from equity method investeed
Gain resulting from acquisition of joint venture
Net gain resulting from diverstiture of certain retail operations
Stock-based compensation
Goodwill impairments
Others
Cash provided by changes in operating assets and liabilities
Accounts recievable
Inventories
Prepaid expenses and other current assests
Income taxes payable
Accounts payable
Deferred payable
Other operating assets and liabilities
Net cash provided by operating activities
INVESTING ACTIVITIES:
Purchase of investments
Sales of investments
Maturities and calls of investments
Acquisitons, net of cash acquired
Additions to property, plant and equipment
Net proceeds from the diverstiture of certain operations
Other
Net cash used by investing activities
FINANCING ACTIVITIES:
Proceeds from issuance of long-term debt
Repayments of long-term debt
Proceeds from issuance of common stock
Cash dividends paid
Repurchase of common stock
Minimum tax withholdings on share-based awards
Other
Net cash used by financing activities
Effects of exchange rate changes on cash and cash equivalents
Net increase/(decrease)in cash and cash equivalents
CASH AND CASH EQUIVALENTS
Beginning of period
End of period
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
Interset, net of capitalized interset

ASSETS
Current Assets
Cash and Cash equivalents
Short term Investments
Acccount Receivables, net
Inventories
Prepaid expense and other current assets
Total Current Assets
Long Term Investments
Equity Investments
Property, plant and equipment, net
Deffered Income Taxes
Other Long term assets
Other Intengible assets
Goodwill
Total Assets
LIABILITIES AND SHAREHOLDERS EQUITY/(DEFICIT)
Current Liabilities
Accounts Payables
Accrued Liabilities
Accrued Payroll and Benefits
Income Taxes Payable
Stored Value Card Liability and current position of deffered revenuew
Current position of long term debt
Total Current Liabilities
Long term Debt
Deferred revenue
Other long term liabilities
Total Liabilities
Shareholder's equity/(Deficit)
Common Stock($0.001 par value)-authorised 2400 shares issued and outstanding 1184.6 and 1309.1 shares respectively
Additional paid in capital
 Retained earnongs(deficit)
Accumulated other comprehensive loss
Total Shareholder equity/(deficit)
Non controlling interests
Total Equity
Total liability and shareholders equity

RATIO ANALYSIS

Ratio
Liquidity
Current
Quick, or acid test
Asset Management
Inventory turnover
DSO
Fixed asset turnover
Total assets turnover
Debt Management
Total debt to total assets
times interest earned (TIE)
Profitability
Profit margin on sales
Basic earning power
Return on total assets
Starbucks calculate its return on common equity by dividing net income to average of common equities thoroughout period
Return on common equity
Market value
Price earning
price cash flow
Market book
STARBUCKS CORPORATION
CONSOLIDATRED STATEMENTS OF EARNINGS
(In millions except pershare data)

2019
$

21,544.40
2,875.00
2,089.20
26,508.60
8,526.90
10,493.60
371.00
1,377.30
1,824.10
135.80
22,728.70
298.00
4,077.90

622.80
96.50
(331.00)
4,466.20
871.60
3,594.60
(4.60)
3,599.20
2.95
2.92

1,221.20
1,233.20

2019
$
 3,594.60

1,449.30
-1,495.40
-250.60
216.80

-622.80
308.00
10.50
187.90

-197.70
-173
922.00
1,237.10
31.90
-30.90
-141.10
5,047.00
-190.40
298.30
59.80
−
-1,806.60
684.30
-56.20
-1,010.80

1,996.00
-350.00
409.80
-1761.3
-10,222.30
-111.60
-17.50
-10,056.90
-49.00
-6,069.70

8,756.30
 2686.6

299.5
470.1

2019

2686.6
70.5
879.2
1529.4
488.2
5653.9
220
396
6431.7
1765.8
479.6
781.8
3490.8
19219.6

1189.7
1753.7
664.6
1291.7
1269

6168.7
11167
6744.4
1370.5
25450.6

1.2
41.1
 -5771.2
-503.3
-6232.2
1.2
6231
19219.6

Formula of calculation

Current assets/Current liabilities

Current assets - Inventories/Current liabilities

Sales/Inventories
Receiables/(Annual sales/365)
Sales/Net fixed assets
Sales/Totalassets

Total debt/total asset

Earning before interest and taxes/interest charges

Net income available to common stockholder/sales

Earning before interest and taxes/total assets
Net income available to common stockholders/total assets
Average common equites throughout a given period
Net income / average common equity

Price per share/earning per share

price per share/cash flow per share
Market price per share/Book value per share
 Trend Analysis

2018 2017 Horizontal

$ $ Dollar Change Dollar Change
Current year-Base year Current year-Base year
2019-2018 2019-2017
19,690.30 17,650.70 1,854.10 3,893.70
2,652.20 2,355.00 222.80 520.00
2,377.00 2,381.10 (287.80) (291.90)
24,719.50 22,386.80 1,789.10 4,121.80
7,930.70 7,065.80 596.20 1,461.10
9,472.20 8,486.40 1,021.40 2,007.20
554.90 518.00 (183.90) (147.00)
1,247.00 1,011.40 130.30 365.90
1,708.20 1,408.40 115.90 415.70
224.40 153.50 (88.60) (17.70)
21,137.40 18,643.50 1,591.30 4,085.20
301.20 391.40 (3.20) (93.40)
3,883.30 4,134.70 194.60 (56.80)
1,376.40 (1,376.40) -
499.20 93.50 123.60 529.30
191.40 181.80 (94.90) (85.30)
(170.30) (92.50) (160.70) (238.50)
5,780.00 4,317.50 (1,313.80) 148.70
1,262.00 1,432.60 (390.40) (561.00)
4,518.00 2,884.90 (923.40) 709.70
-0.3 0.20 (4.30) (4.80)
4,518.30 2,884.70 (919.10) 714.50
3.27 1.99 (0.32) 0.96
3.24 1.97 (0.32) 0.95
- -
1,382.70 1,449.50 (161.50) (228.30)
1,394.60 1,461.50 (161.40) (228.30)

STARBUCKS CORPORATION
CONSOLIDATED STATEMENT OF CASH FLOW
(In millions except pershare data)
Trend Analysis
2018 2017
$ $ Horizontal
 Dollar Change Dollar Change
Current year-Base year Current year-Base year
2019-2018 2019-2017

4,518.00 2884.9 -923.40 709.70

1,305.90 1,067.10 143.40 382.20

714.9 95.1 -2,210.30 -1,590.50
-242.80 -310.2
226.8 186.6 -10.00 30.20
-1,376.40 1,376.40 0.00
-499.2 -93.5
250.30 176 57.70 132.00
37.6 87.2 -27.10 -76.70
89.00 68.9
0.00 0.00
131 -96.8
-41.20 14 1,761.50 942.00
-839.50 -20 1,091.10 1,329.00
146.00 -91.9
391.60 46.4 -7,140.30 -161.70
7,109.40 130.8 -157.50 -248.30
16.40 107.2
11,937.80 4251.8
-191.90 -674.4 1.50 484.00
459.00 1054.5
45.30 149.4 14.50 -89.60
-1,311.30 ─
-1,976.40 -1519.4
608.20 85.4 76.10 598.90
5.60 54.3 -61.80 -110.50
-2,361.50 -850
0.00 0.00
5,584.10 750.2 -3,588.10 1,245.80
─ -400
153.90 150.8 255.90 259.00
-1743.4 -1450.4 -17.90 -310.90
-7,133.50 -2042.5
-62.7 -82.8 -48.90 -28.80
-41.20 -4.4 23.70 -13.10
-3242.8 -3079.1
-39.50 10.8 -9.50 -59.80
6294 333.5 -12,363.70 -6,403.20

2462.3 2128.8 6,294.00 6,627.50

 8756.3 2462.3 -6,069.70 224.30

137.1 96.6 162.40 202.90

1176.9 1389.1 -706.80 -919.00

CONSOLIDATED STATEMENT OF CASH FLOWS

(Inmillions)
Trend Analysis
Horizontal
Dollar Change Dollar Change
Current year-Base year Current year-Base year
2019-2018 2019-2017
2018 2017

8756.3 2462.3 -6069.7 224.3

181.5 228.6 -111 -158.1
693.1 870.4 186.1 8.80000000000007
1400.5 1364 128.9 165.4
1462.8 358.1 -974.6 130.1
12494.2 5283.4 -6840.3 370.5
267.7 542.3 -47.7 -322.3
334.7 481.6 61.3 -85.6
5929.1 4919.5 502.599999999999 1512.2
134.7 795.4 1631.1 970.4
412.2 362.8 67.4 116.8
1042.2 441.4 -260.4 340.4
3541.6 1539.2 -50.7999999999997 1951.6
24156.4 14365.6 -4936.8 4854
0 0
0
1179.3 782.5 10.4000000000001 407.2
1752.5 1934.5 1.20000000000005 -180.8
656.8 215.2 7.80000000000007 449.4
102.8 1288.5 1188.9 3.20000000000005
1642.9 -373.9 1269
349.9 -349.9 0
5684.2 4220.7 484.5 1948
9090.2 3932.6 2076.8 7234.4
6775.7 4220.7 -31.3000000000002 2523.7
1430.5 750.9 -60 619.6
22980.6 8908.6 2470 16542
0 0
1.3 1.4 -0.1 -0.2
41.1 41.1 0 0
 1457.4 5563.2 -7228.6 -11334.4
-330.3 -155.6 -173 -347.7
1169.5 5450.1 -7401.7 -11682.3
6.3 6.9 -5.1 -5.7
1175.8 5457 5055.2 774
24156.4 14365.6 -4936.8 4854

Calculation
2019 2018 2017
0.916546436040008 2.19805777418106 1.25178287961713
0.668617374811549 1.95167305865381 0.928613737057834

3.10882032157056 3.11693797521026 3.16833196524102

12.11 10.23 14.19
1.95409009487162 2.11962579959184 2.4649093831891
1.3792482673937 1.02331059263798 1.55836164169962

1.32420029553164 0.951325528638373 0.620134209500473

12.3199395770393 22.8027011156782 44.6994594594595

13.560127656685 18.2770687109367 12.8866117533547

21.2174030677017 16.0756569687536 28.7819513281729
18.7027825761202 18.7031180142737 20.0820014479033
-2.531 3.31 5.667
-142.204662188858 136.504531722054 50.903476266102

29.8 16.8 26.8

11.65 5.72 10.66
-15.28 -27.67 13.65
Dollar Change Percentage Change
Current year-Base year (Current year-Base year/Base year)*100
2018-2017 (2019-2018)/2018*100
2,039.60 9.42
297.20 8.40
(4.10) (12.11)
2,332.70 7.24
864.90 7.52
985.80 10.78
36.90 (33.14)
235.60 10.45
299.80 6.78
70.90 (39.48)
2,493.90 7.53
(90.20) (1.06)
(251.40) 5.01
1,376.40 (100.00)
405.70 24.76
9.60 (49.58)
(77.80) 94.36
1,462.50 (22.73)
(170.60) (30.94)
1,633.10 (20.44)
(0.50) 1,433.33
1,633.60 (20.34)
1.28 (9.79)
1.27 (9.88)
-
(66.80) (11.68)
(66.90) (11.57)
Dollar Change Percentage Change
Current year-Base year (Current year-Base year/Base year)*100
2018-2017 (2019-2018)/2018*100

1,633.10 -20.4382470119522

238.80 10.9809326900988
619.80 -309.17610854665

40.20 -4.40917107583774
-1,376.40 -100

74.30 23.0523371953656
-49.60 -72.0744680851064

0.00

-819.50 -209.827278141751
237.90 747.328767123288

6,978.60 -100.434635834248
-90.80 -960.365853658537

482.50 -0.781657113079729

-104.10 32.0088300220751

522.80 12.5123314699112
-48.70 -1103.57142857143

0.00
4,833.90 -64.255654447449

3.10 166.276803118908
-293.00 1.02672937937363

20.10 77.9904306220096
-36.80 -57.5242718446602

-50.30 24.0506329113924
5,960.50 -196.436288528758

333.50 255.614669211713
 6,294.00 -69.3180909744984

40.50 118.453683442743
-212.20 -60.0560795309712

Dollar Change Percentage Change

Current year-Base year (Current year-Base year/Base year)*100
2018-2017 (2019-2018)/2018*100

6294 -69.3180909744984
-47.1 -61.1570247933884
-177.3 26.8503823402107
36.5 9.20385576579794
1104.7 -66.6256494394312
7210.8 -54.747802980583
-274.6 -17.8184534927157
-146.9 18.3149088736182
1009.6 8.47683459546979
-660.7 1210.9131403118
49.4 16.3512857836002
600.8 -24.9856073690271
2002.4 -1.43437994126948
9790.8 -20.4368200559686
0
0
396.8 0.881879080810658
-182 0.068473609129817
441.6 1.1875761266748
-1185.7 1156.51750972763
1642.9 -22.7585367338243
349.9 -100
1463.5 8.52362689560536
5157.6 22.8465820333986
2555 -0.461944891302746
679.6 -4.19433764418036
14072 10.7481963047092
0
-0.1 -7.6923076923077
0 0
 -4105.8 -495.992864004391
-174.7 52.3766273085074
-4280.6 -632.894399315947
-0.600000000000001 -80.952380952381
-4281.2 429.937064126552
9790.8 -20.4368200559686
Percentage Change Percentage Change
(Current year-Base year/Base year)*100 (Current year-Base year/Base year)*100
(2019-2017/2017)*100 (2018-2017/2017)*100
22.06 11.56
22.08 12.62
(12.26) (0.17)
18.41 10.42
20.68 12.24
23.65 11.62
(28.38) 7.12
36.18 23.29
29.52 21.29
(11.53) 46.19
21.91 13.38
(23.86) (23.05)
(1.37) (6.08)

566.10 433.90
(46.92) 5.28
257.84 84.11
3.44 33.87
(39.16) (11.91)
24.60 56.61
(2,400.00) (250.00)
24.77 56.63
48.24 64.32
48.22 64.47

(15.75) (4.61)
(15.62) (4.58)
Percentage Change Percentage Change
(Current year-Base year/Base year)*100 (Current year-Base year/Base year)*100
(2019-2017/2017)*100 (2018-2017/2017)*100

24.6005060833998 56.6085479566016

35.816699465842 22.3784087714366
-1672.45005257624 651.735015772871

16.1843515541265 21.5434083601286

75 42.2159090909091
-87.9587155963303 -56.8807339449541

-4710 4097.5
-1446.13710554951 -258.868335146899

-123.623853211009 5335.32110091743
-231.623134328358 -84.7014925373134

-71.7674970344009 -71.5450771055753

-59.9732262382865 -69.6787148594378

701.288056206089 612.177985948478
-203.499079189687 -89.6869244935543

166.062383364436 644.348173820315

171.750663129973 2.05570291777188
21.4354660783232 20.2013237727523

34.7826086956522 -24.2753623188406
297.727272727273 836.363636363636

-553.703703703704 -465.740740740741
-1920 1787.25637181409

311.325629462608 15.6661029688087
 9.10936928887624 255.614669211713

210.041407867495 41.9254658385093
-66.1579439925131 -15.2760780361385

Percentage Change Percentage Change

(Current year-Base year/Base year)*100 (Current year-Base year/Base year)*100
(2019-2017/2017)*100 (2018-2017/2017)*100

9.10936928887624 255.614669211713
-69.1601049868766 -20.6036745406824
1.01102941176471 -20.3699448529412
12.1260997067449 2.67595307917889
36.3306339011449 308.489248813181
7.0125298103494 136.48029677859
-59.4320486815416 -50.6361792365849
-17.7740863787375 -30.5024916943522
30.7388962292916 20.5224108141071
122.001508674881 -83.0651244656777
32.194046306505 13.6163175303197
77.1182600815587 136.112369732669
126.793139293139 130.093555093555
33.7890516233224 68.1544801470179

52.038338658147 50.7092651757188
-9.34608425949858 -9.40811579219437
208.828996282528 205.204460966543
0.248350795498645 -92.0217306946061

46.1534816499633 34.6743431184401
183.959721303972 131.149875400498
59.793399199185 60.5349823488995
82.5143161539486 90.5047276601412
185.685741867409 157.95972431134

-14.2857142857143 -7.14285714285713
0 0
-203.738855335059 -73.8028472821398
223.457583547558 112.275064267352
-214.350195409258 -78.5416781343462
-82.6086956521739 -8.69565217391305
14.1836173721825 -78.4533626534726
33.7890516233224 68.1544801470179
Vertical Analysis

(Income Statement Items/Net Sales)*100 (Income Statement Items/Net Sales)*100

For year 2019 For year 2018
81.2732471726157 79.6549282954752
10.8455369200939 10.7291814154817
7.88121590729046 9.61589028904306
100 100
32.1665421787646 32.0827686644147
39.5856439042424 38.3187362203928
1.39954580777559 2.2447865045814
5.19567234784183 5.0446004166751
6.88116309424111 6.91033394688404
0.512286578695216 0.907785351645462
85.7408539115608 85.5090111045935
1.1241634790219 1.21847124739578
15.3833095674611 15.7094601428022
0 5.56807378790024
2.34942622394242 2.01945832237707
0.364032804448368 0.774287505815247
-1.24865138106124 -0.688929792269261
16.8481172147907 23.3823499666255
3.28798955810567 5.10528125568883
13.560127656685 18.2770687109367
-0.01735285907215 -0.001213616780275
13.5774805157572 18.278282327717
0.011128463970183 0.013228422904994
0.011015293150148 0.013107061226967
0 0
4.60680684758908 5.59355974028601
4.65207517560339 5.64169987257024

Vertical Analysis
(Cash Flow Statement Items/Net Sales)*100 (Cash Flow Statement Items/Net Sales)*100
For year 2019 For year 2018

13.560127656685 17.0435254973858

5.46728231592766 4.92632579615672
-5.64118814271595 2.69686064145221

0.817847792791773 0.855571399470361
0 -5.19227722324076

1.16188708570049 0.944221875165041
0.039609787012517 0.141840761111488

0 0

3.47811653576575 -3.16689678066741
4.66678738220804 0.550764657507375

-0.116565944636835 26.8192209320749
-0.532280090234867 0.061866714952883

#REF! #REF!
-0.718257471160303 -0.723916012162091

0.225587167937952 0.170887938254001
-4.94669654376316

2.58142640501573 2.29434975819168
-0.212006669533661 0.021125219740009

0 0
7.52963189304603 21.0652392053899

1.54591340168851 0.580566306783459
-6.64425884429959 -6.57673358834492

-0.420995450533035 -0.236527013874743
-0.066016311687528 -0.15542125951578

-0.184845672725078 -0.14900824638042
-22.8970975457021 23.7432380435029

33.0319217159714 9.28868367246856
 10.1348241702693 33.0319217159714

1.12982202002369 0.517190647563432
1.77338674996039 4.43969127000294

Vertical Analysis

(Balance sheet Items/Total Assets)*100 (Balance sheet Items/Total Assets)*100

For year 2019 For year 2018

13.9784386771837 36.2483648225729
0.366813045016546 0.751353678528257
4.57449686778081 2.86921892334951
7.95750171699723 5.79763540924972
2.54011529896564 6.05553807686576
29.4173656059439 51.7221109105661
1.14466482132823 1.10819492970807
2.06039667839081 1.38555413886175
33.4642760515307 24.5446341342253
9.18749609773356 0.557616201089566
2.49536931049554 1.70638008974847
4.06772253324731 4.31438459373085
18.1627089013299 14.6611250020698
100 100
0 0

6.19003517242815 4.88193605007369
9.12453953256051 7.25480617972877
3.45792836479427 2.71894818764385
6.72074340777123 0.425560100014903
6.60263481029782 6.80109618982961
0 1.44847742213244
32.095881287852 23.5308241294233
58.1021457262378 37.6306072096836
35.0912610043913 28.0492954248149
7.13074153468335 5.92182609991555
132.420029553164 95.1325528638373
0 0
0.006243626298154 0.005381596595519
0.213844200711773 0.170141246212184
-30.0276800765885 6.03318375254591
-2.61868092988408 -1.36733950423076
-32.4262731794626 4.84136709112285
0.006243626298154 0.026080045039824
32.4200295531645 4.86744713616267
100 100
(Income Statement Items/Net Sales)*100
For year 2017
78.8442296353208
10.519591902371
10.6361784623081
100
31.5623492415173
37.9080529597799
2.3138635267211
4.51784087051298
6.29120731859846
0.68567191380635
83.2789858309361
1.74835170725606
18.46936587632
0
0.417656833491164
0.812085693355013
-0.413189915485911
19.2859184876802
6.39930673432558
12.8866117533547
0.000893383601051
12.8857183697536
0.008889166830454
0.008799828470349
0
6.47479764861436
6.5284006646774
(Cas Flow Statement items/Net Sales)*100
For year 2017

10.8828832907057

4.02548606867205
0.358751499513365

0.70392250062244
0

0.663935477543137
0.328949850237281

-0.075447213357175
-0.346679945376218

0.493424775355922
0.404397063594456

#REF!
-2.54408003440393

0.563590683778095

0.322159601035136
0.204839184264729

0
2.83002497302762

0.568871988713097
-5.47143191266231

-0.312351463298703
-0.016598386938579

0.040741495212874
1.25808228273089

8.03060138973767
 9.28868367246856

0.364410040515154
5.24018620372257

(Balance sheet Items/Total Assets)*100

For year 2017

17.1402517124241
1.59130144233447
6.0589185275937
9.49490449406916
2.49276048337696
36.7781366597984
3.77499025449685
3.35245308236342
34.2450019491006
5.53683800189341
2.52547752965417
3.07261792058807
10.714484602105
100
0

5.44704015147296
13.4661970262293
1.49802305507601
8.96934343153088
0
29.3806036643092
27.3751183382525
29.3806036643092
5.22707022331124
62.0134209500473
#REF!
0
0.009745503146405
0.286100128083756
 38.7258450743443
-1.08314306398619
37.9385476415882
0.048031408364426
37.9865790499527
100