Starbucks 2010 Annual Report Download - page 45

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Item 8. Financial Statements and Supplementary Data
STARBUCKS CORPORATION
CONSOLIDATED STATEMENTS OF EARNINGS
(In millions, except per share data)
Fiscal Year Ended
Oct 3,
2010
Sep 27,
2009
Sep 28,
2008
Net revenues:
Company-operatedretail....................................... $ 8,963.5 $8,180.1 $ 8,771.9
Specialty:
Licensing ................................................ 1,340.9 1,222.3 1,171.6
Foodserviceandother ....................................... 403.0 372.2 439.5
Totalspecialty............................................... 1,743.9 1,594.5 1,611.1
Totalnetrevenues.............................................. 10,707.4 9,774.6 10,383.0
Costofsalesincludingoccupancycosts ............................. 4,458.6 4,324.9 4,645.3
Storeoperatingexpenses......................................... 3,551.4 3,425.1 3,745.1
Otheroperatingexpenses ........................................ 293.2 264.4 330.1
Depreciationandamortizationexpenses ............................. 510.4 534.7 549.3
Generalandadministrativeexpenses ............................... 569.5 453.0 456.0
Restructuringcharges ........................................... 53.0 332.4 266.9
Totaloperatingexpenses....................................... 9,436.1 9,334.5 9,992.7
Incomefromequityinvestees ..................................... 148.1 121.9 113.6
Operatingincome ............................................ 1,419.4 562.0 503.9
Interestincomeandother,net ..................................... 50.3 37.0 5.2
Interestexpense ............................................... (32.7) (39.1) (53.4)
Earningsbeforeincometaxes ................................... 1,437.0 559.9 455.7
Incometaxes .................................................. 488.7 168.4 144.0
Net earnings including noncontrolling interests ..................... 948.3 391.5 311.7
Net earnings (loss) attributable to noncontrolling interests ............. 2.7 0.7 (3.8)
Net earnings attributable to Starbucks ............................. $ 945.6 $ 390.8 $ 315.5
Earningspershare—basic....................................... $ 1.27 $ 0.53 $ 0.43
Earningspershare—diluted ..................................... $ 1.24 $ 0.52 $ 0.43
Weighted average shares outstanding:
Basic ...................................................... 744.4 738.7 731.5
Diluted .................................................... 764.2 745.9 741.7
Cashdividendsdeclaredpershare ................................. $ 0.36 $ 0.00 $ 0.00
See Notes to Consolidated Financial Statements.
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