Cash Flows Statement of Starbucks Corporation

Please find the Consolidated Statements of Earnings and the Consolidated Statements of Cash Flows for Starbucks Corporation below. Use the information contained in those financial statements to answer the following questions.Please note, Cost of Goods Sold is represented by "Product and distribution costs" on the Cash Flow Statement.

1. What is the amount of inventory purchases made by Starbucks during fiscal year 2020?
2. Assuming that the entire balance of accounts payable relates to suppliers of inventory, how much did Starbucks pay to its inventory suppliers during fiscal year 2020?
3. For purposes of calculating net cash provided by operating activities, "Deferred revenue" is added to net earnings for fiscal year 2020 but subtracted from net earnings for fiscal year 2019. Please explain what is represented by the activity for each year.
4. What was the net book value of the investments sold during fiscal year 2020? Assume that Starbucks recorded gains of $6 (million) on the sale of investments during the year.
5. Starbucks is currently using a straight-line depreciation policy. If Starbucks were to use accelerated depreciation what would be the effect on the net cash provided by operating activities? Would it increase, decrease, or stay the same?

STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (in millions, except per share data) Sep 27, Sep 29. Sep 30, Fiscal Year Ended 2020 2019 2018 Net revenues: Company-operated stores S 19,164.6 $ 21,544.4 $ 19,690.3 Licensed stores 2,327.1 2,875.0 2,652.2 Other 2,026.3 2,089.2 2,377.0 Total net revenues 23,518.0 26,508.6 24,719.5 Product and distribution costs 7,694.9 8,526.9 7,930.7 Store operating expenses 10,764.0 10,493.6 9,472.2 Other operating expenses 430.3 371.0 554.9 Depreciation and amortization expenses 1,431.3 1,377.3 1,247.0 General and administrative expenses 1,679.6 1,824.1 1,708.2 Restructuring and impairments 278.7 135.8 224.4 Total operating expenses 22,278.8 22,728.7 21,137.4 Income from equity investees 322.5 298.0 301.2 Operating income 1,561.7 4,077.9 3,883.3 Gain resulting from acquisition of joint venture 1,376.4 Net gain resulting from divestiture of certain operations 622.8 499.2 Interest income and other, net 39.7 96.5 191.4 Interest expense (437.0) (331.0) (170.3) Earnings before income taxes 1,164.4 4,466.2 5,780.0 Income tax expense 239.7 871.6 1,262.0 Net earnings including noncontrolling interests 924.7 3,594.6 4,518.0 Net loss attributable to noncontrolling interests (3.6) (4.6) (0.3) Net earnings attributable to Starbucks 928.3 $ 3,599.2 S 4,518.3 Earnings per share - basic 0.79 2.95 3.27 Earnings per share - diluted 0.79 2.92 S 3.24 Weighted average shares outstanding: Basic 1, 172.8 1,221.2 1,382.7 Diluted 1,181.8 1,233.2 1,394.6STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Sep 27, Sep 29, Sep 30, Fiscal Year Ended 2020 2019 2018 OPERATING ACTIVITIES: Net earnings including noncontrolling interests $ 924.7 $ 3,594.6 $ 4,518.0 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 1,503.2 1,449.3 1,305.9 Deferred income taxes, net (25.8) (1,495.4) 714.9 Income earned from equity method investees (280.7) (250.6) (242.8) Distributions received from equity method investees 227.7 216.8 226.8 Gain resulting from acquisition of joint venture (1,376.4) Net gain resulting from divestiture of certain retail operations (622.8) (499.2) Stock-based compensation 248.6 308.0 250.3 Goodwill impairments 10.5 37.6 Non-cash lease cost 1,197.6 Loss on retirement and impairment of assets 454.4 142.6 75.6 Other 24.5 45.3 13.4 Cash provided by/(used in) changes in operating assets and liabilities: Accounts receivable (2.7) (197.7) 131.0 Inventories (10.9) (173.0) (41.2) Prepaid expenses and other current assets (317.5) 922.0 (839.5) Income taxes payable (1,214.6) 1,237.1 146.0 Accounts payable (210.8) 31.9 391.6 Deferred revenue 31.0 (30.5) 7,109.4 Operating lease liability (1,231.4) Other operating assets and liabilities 280.5 (141.1) 16.4 Net cash provided by operating activities 1,597.8 5,047.0 11,937.8INVESTING ACTIVITIES: Purchases of investments (443.9) (190.4) (191.9) Sales of investments 186.7 298.3 459.0 Maturities and calls of investments 73.7 59.8 45.3 Acquisitions, net of cash acquired (1,311.3) Additions to property, plant and equipment (1,483.6) (1,806.6) (1,976.4) Net proceeds from the divestiture of certain operations 684.3 608.2 Other (44.4) (56.2) 5.6 Net cash used in investing activities (1,711.5) (1,010.8) (2,361.5) FINANCING ACTIVITIES: Proceeds from issuance of short-term debt 1,406.6 Repayments of short-term debt (967.7) Proceeds from issuance of long-term debt 4,727.6 1,996.0 5,584.1 Repayments of long-term debt (350.0) Proceeds from issuance of common stock 298.8 409.8 153.9 Cash dividends paid (1,923.5) (1,761.3) (1,743.4) Repurchase of common stock (1,698.9) (10,222.3) (7,133.5) Minimum tax withholdings on share-based awards (91.9) (111.6) (62.7) Other (37.7) (17.5) (41.2) Net cash provided by/(used in) financing activities 1,713.3 (10,056.9) (3,242.8) Effect of exchange rate changes on cash and cash equivalents 64.7 (49.0) (39.5) Net increase/(decrease) in cash and cash equivalents 1,664.3 (6,069.7) 6,294.0 CASH AND CASH EQUIVALENTS: Beginning of period 2,686.6 8,756.3 2,462.3 End of period 4,350.9 2,686.6 $ 8,756.3 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid during the period for: Interest, net of capitalized interest 396.9 $ 299.5 $ 137.1 Income taxes 1,699.1 $ 470.1 $ 1,176.9