STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME in millions Sep 30, 2018 Oct 1, 2017 Oct 2, 2016 Fiscal Year Ended Net earnings including noncontrolling interests $ 2,884.9 $ 2,818.9 4,518.0 Other comprehensive income/(loss), net of tax: Unrealized holding gains/(losses) on available-for-sale securities (7.0) (9.5) 3.5 Tax (expense)/benefit 1.9 2.9 (1.3) (109.6) Unrealized gains/(losses) on cash flow hedging instruments 24.4 53.2 Таx (еxpense)benefit (6.5) (12.6) 27.5 Unrealized gains/(losses) on net investment hedging instruments 7.8 20.1 Таx (еxpense)benefit (2.2) (7.4) Translation adjustment and other (220.0) (38.3) 85.5 Таx (еxpense) benefit Reclassification adjustment for net (gains)/losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment (2.4) 3.4 19.0 24.7 (67.2) 78.2 Tax expense/(benefit) (1.2) 14,0 (11.8) 91.0 Other comprehensive income/(loss) (174.7) (47.2) Comprehensive income including noncontrolling interests 4,343.3 2,837.7 2,909.9 (0.3) Comprehensive income/(loss) attributable to noncontrolling interests 0.2 1.2 Comprehensive income attributable to Starbucks 4,343.6 $ 2,837.5 $ 2,908.7 See Notes to Consolidated Financial Statements STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except per share data) Sep 30, 2018 Oct 1, 2017 ASSETS Current assets Cash and cash equivalents 8,756.3 $ 2,462.3 181.5 Short-term investments 228.6 Accounts receivable, net 693.1 870.4 Inventories 1,400.5 1,364.0 Prepaid expenses and other current assets 1,462.8 358.1 Total current assets 12,494.2 5,283.4 Longterm investments Equity and cost investments Property, plant and equipment, net Deferred income taxes, net 267.7 542.3 334.7 481.6 5,929.1 4,919.5 795.4 134.7 412.2 362.8 Other longerm asscts Other intangible assets Goodwill TOTAL ASSETS 1,042.2 441.4 1.539.2 3,541.6 24.156.4 14,365.6 LIABILITIES AND EQUITY Current liabilities 1,179.3 S Accounts payable Accrued liabilities 782.5 2,298.4 1,934.5 Insurance reserves 213.7 215.2 Stored value card liability and current portion of deferred revenue Current portion of long-term debt Total current liabilitics 1,642.9 1,288.5 349.9 4,220.7 5,684.2 Long-term debt Deferred revenue 9,090.2 3,932.6 6,775.7 4.4 Other longtem liabilities 1,430.5 750.9 Total liabilities 22,980.6 8,908.6 Shareholders' equity: Common stock (S0.001 par value)-authorized, 2,400.0 shares; issued and outstanding, 1,309.1 and 1,431.6 shares, respectively 13 14 Additional paid-in capital Retained carmings 41.1 41.1 5,563.2 1,457.4 Accumulated other comprehensive loss Total shareholders' equity (330.3) 1,69.5 (155.6) S,450.1 Noncontrolling interests Total equity 6.3 6.9 1,175.8 5,457.0 24,156.4 TOTAL LIABILITIES AND EQUITY 14,365.6
Reporting Cash Flows
Reporting of cash flows means a statement of cash flow which is a financial statement. A cash flow statement is prepared by gathering all the data regarding inflows and outflows of a company. The cash flow statement includes cash inflows and outflows from various activities such as operating, financing, and investment. Reporting this statement is important because it is the main financial statement of the company.
Balance Sheet
A balance sheet is an integral part of the set of financial statements of an organization that reports the assets, liabilities, equity (shareholding) capital, other short and long-term debts, along with other related items. A balance sheet is one of the most critical measures of the financial performance and position of the company, and as the name suggests, the statement must balance the assets against the liabilities and equity. The assets are what the company owns, and the liabilities represent what the company owes. Equity represents the amount invested in the business, either by the promoters of the company or by external shareholders. The total assets must match total liabilities plus equity.
Financial Statements
Financial statements are written records of an organization which provide a true and real picture of business activities. It shows the financial position and the operating performance of the company. It is prepared at the end of every financial cycle. It includes three main components that are balance sheet, income statement and cash flow statement.
Owner's Capital
Before we begin to understand what Owner’s capital is and what Equity financing is to an organization, it is important to understand some basic accounting terminologies. A double-entry bookkeeping system Normal account balances are those which are expected to have either a debit balance or a credit balance, depending on the nature of the account. An asset account will have a debit balance as normal balance because an asset is a debit account. Similarly, a liability account will have the normal balance as a credit balance because it is amount owed, representing a credit account. Equity is also said to have a credit balance as its normal balance. However, sometimes the normal balances may be reversed, often due to incorrect journal or posting entries or other accounting/ clerical errors.
conduct horizontal and vertical analyses for the
Asset Acquisition,
- Use basic financial analysis to examine any horizontal changes in Starbucks’ fixed assets, intangible assets, depreciation, and amortization over time.
- Use basic financial analysis to examine any vertical changes in Starbucks’ fixed assets, intangible assets, depreciation, and amortization over time.
- Analyze Starbucks’ methods for fixed asset and intangible asset acquisitions as well as depreciation and amortization, including asset categorization. How do these methods affect the balance sheet, income statement, and statement of
cash flows ?
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