EXHIBIT 4.8 Starbucks-Year 1 Property, Plant and Equipment Related Forecasts STARBUCKS CORPORATION Land, Buildings, and Equipment Forecasts (for the fiscal years ended October) ($ in thousands) Year -1 Year 0 Year 1 Calculation Formulas and Explanation Land, Buildings, and Equipment (GPPEQ) Beginning balance (BB) . .. ..... $2,802,704 $3,467,583 $4,257,703 [8] = 4,257,703 = Ending balance (last year) Capital expenditures . .... 664,879 862,964 1,057,975 [9] = [1]t + 1/4 - [14]-1 + [12] = Revt+1/[Rev/NetPPEQ] = 11,680,413/4 - [14]-1 + [12] - BBNetPPEQ + Dep Retirements and dispositions. . . .. .. . -72,844 Assumed to Equal $0 = Forecast not required Ending balance (EB) . ... ... $3,467,583 $4,257,703 $5,315,678 [10] = [8] + [9] Sum Accumulated Depreciation: (AcDep) Beginning balance (BB) . . . . . $1,258,357 $1,625,564 $1,969,804 [11] = 1,969,804 = Ending balance (last year) Depreciation expense. ... 367,207 412,625 425,770 [12] = [10]t-1/10 years = Gross PPEQ (last year)/# years = 4,257,703/10 Retirements and dispositions. . . .... -68,385 Assumed to Equal $0 = Forecast not required Ending balance (EB) . . ..... . . . $1,625,564 $1,969,804 $2,395,574 [13] = [11] + [12] Sum Net property, plant, and equipment . .... $1,842,019 $2,287,899 $2,920,103 [14] = [10] - [13] Sum pg. 170 Exhibit may contain small rounding errors2011 2012 2013 Beginning Balance 2,802,704 $ 3,467,583 CAPEX 664,879 $ 862,964 Retirements and dispositions 72,844 Ending Balance $ 3,467,583 4,257,703 Accumulated Depreciation Beginnning Balance 1,258,357 $ 1,625,564 Depreciation expense 367,207 412,625 Retirements and dispositions 68,385 Ending Balance $ 1,625,564 1,969,804 Net PPE $ 1,842,019 $ 2,287,899 Income statement Balance sheet FCF Cash Flow Land buildings & equipment