Starbucks 2010 Annual Report Download - page 26

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Item 6. Selected Financial Data
In millions, except earnings per share and store information
The following selected financial data are derived from the consolidated financial statements. The data below should
be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of
Operations,” “Risk Factors,” and the consolidated financial statements and notes.
As of and for the Fiscal Year Ended(1)
Oct 3,
2010
(53 Wks)
Sep 27,
2009
(52 Wks)
Sep 28,
2008
(52 Wks)
Sep 30,
2007
(52 Wks)
Oct 1,
2006
(52 Wks)
RESULTS OF OPERATIONS
Net revenues:
Company-operatedretail ...................... $ 8,963.5 $8,180.1 $ 8,771.9 $7,998.3 $6,583.1
Specialty:
Licensing ................................ 1,340.9 1,222.3 1,171.6 1,026.3 860.6
Foodservice and other ....................... 403.0 372.2 439.5 386.9 343.2
Totalspecialty .............................. 1,743.9 1,594.5 1,611.1 1,413.2 1,203.8
Totalnetrevenues.............................. $10,707.4 $9,774.6 $10,383.0 $9,411.5 $7,786.9
Operating income(2) ............................ $ 1,419.4 $ 562.0 $ 503.9 $1,053.9 $ 894.0
Earnings before cumulative effect of change in
accountingprinciple .......................... 948.3 391.5 311.7 673.7 582.5
Cumulative effect of accounting change for asset
retirementobligations,netoftaxes............... 0.0 0.0 0.0 0.0 17.2
Net earnings including noncontrolling interests ....... $ 948.3 $ 391.5 $ 311.7 $ 673.7 $ 565.3
Net earnings (loss) attributable to noncontrolling
interests ................................... 2.7 0.7 (3.8) 1.1 1.0
Net earnings attributable to Starbucks ............ $ 945.6 $ 390.8 $ 315.5 $ 672.6 $ 564.3
Earnings per common share before cumulative effect of
change in accounting principle — diluted (“EPS”) . . $ 1.24 $ 0.52 $ 0.43 $ 0.87 $ 0.73
Cumulative effect of accounting change for asset
retirement obligations, net of taxes — per common
share ...................................... 0.00 0.00 0.00 0.00 0.02
EPS—diluted ................................ $ 1.24 $ 0.52 $ 0.43 $ 0.87 $ 0.71
Cashdividendsdeclaredpershare ................. $ 0.36 $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net cash provided by operating activities ............ $ 1,704.9 $1,389.0 $ 1,258.7 $1,331.2 $1,131.6
Capital expenditures (additions to property, plant and
equipment) ................................. $ 440.7 $ 445.6 $ 984.5 $1,080.3 $ 771.2
BALANCE SHEET
Totalassets ................................... $ 6,385.9 $5,576.8 $ 5,672.6 $5,343.9 $4,428.9
Short-termborrowings .......................... 0.0 0.0 713.0 710.3 700.0
Long-term debt (including current portion) .......... 549.4 549.5 550.3 550.9 2.7
Shareholders’equity............................ $ 3,674.7 $3,045.7 $ 2,490.9 $2,284.1 $2,228.5
STORE INFORMATION
Percentage change in comparable store sales(3)
UnitedStates ............................... 7% (6)% (5)% 4% 7%
International ................................ 6% (2)% 2% 7% 8%
Consolidated................................ 7% (6)% (3)% 5% 7%
Net stores opened (closed) during the year:
United States
Company—operatedstores.................. (57) (474) 445 1,065 810
Licensedstores ............................ 60 35 438 723 733
International
Company—operatedstores.................. (15) 103 253 302 250
Licensedstores ............................ 235 291 533 481 406
Total ........................................ 223 (45) 1,669 2,571 2,199
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