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9. Among its current liabilities, the Company reports a balance of 51,642.9 for the end of fiscal 2018 in the account called Stored value card
9. Among its current liabilities, the Company reports a balance of 51,642.9 for the end of fiscal 2018 in the account called "Stored value card liabiity and current portion of deferred revenue," What could this balance represent in the case of Starbucks? What does the increase in this account relative to its balance at the end of fiscal 2017 suggest? of Contents STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except per share data) Sep 30, Oct 1, 2017 2018 ed ASSETS Current assets: Cash and cash equivalents Short- term investments Accounts receivable, net 8,756.3 181.5 2,462.3 228.6 693.1 870.4 Inventories 1,400.5 1.364.0 Prepaid expenses and other current assets Total current assets Long- term investments Equity and cost investments Property, plant and equipment, net Deferred income taxes, net Other long- term assets Other intangible assets Goodwill TOTAL ASSETS LIABILITIES AND 1,462.8 12,494.2 358.1 5,283.4 542.3 267.7 334.7 481.6 5,929.1 4,919.5 134.7 795.4 412.2 362.8 441.4 1,539.2 14,365.6 1,042.2 3,541.6 24,156.4 EQUITY Current liabilities: Accounts payable Accrued liabilities Insurance reserves 1,179.3 2,298.4 213.7 782.5 1,934.5 215.2 Stored value card liability and current portion of deferred revenue 1,642.9 1,288.5 Current portion of long- term debt Total current liabilities Long- term debt Deferred revenue 349.9 4,220.7 3,932.6 4.4 750.9 5,684.2 9,090.2 6,775.7 1,430.5 22,980.6 Other long- term liabilities Total liabilities Shareholders' equity: Common stock (S0.001 par value) 2,400.0 shares; issued and outstanding, 1,309.1 and 1,431.6 shares, respectively Additional paid- in capital Retained earnings 8,908.6 -authorized, - 1.4 1.3 41.1 41.1 5,563.2 1,457.4 (155.6) 5,450.1 Accumulated other (330.3) 1,169.5 6.3 comprehensive loss Total shareholders' equity Noncontrolling interests Total equity TOTAL LIABILITIES AND EQUITY 6,9 5,457.0 1,175.8 14,365.6 24,156.4 fan blotes to Consolidated Financial Statements. O
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