Question
Go to Yahoo Finance and enter SBUX in the search bar to access the financial statements for Starbucks. Access the two most recent income statements
Go to Yahoo Finance and enter SBUX in the search bar to access the financial statements for Starbucks. Access the two most recent income statements and balance sheets that are provided, and prepare horizontal and vertical analyses of both.
Income Statement |
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All numbers in thousands |
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Revenue | 10/1/2017 | 10/2/2016 | 9/27/2015 |
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Total Revenue | 22,386,800 | 21,315,900 | 19,162,700 |
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Cost of Revenue | 9,038,200 | 8,511,100 | 7,787,500 |
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Gross Profit | 13,348,600 | 12,804,800 | 11,375,200 |
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Operating Expenses |
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Research Development | - | - | - |
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Selling General and Administrative | 8,440,400 | 7,970,300 | 7,130,200 |
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Non Recurring | 153,500 | 153,500 | 153,500 |
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Others | 1,011,400 | 980,800 | 893,900 |
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Total Operating Expenses | - | - | - |
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Operating Income or Loss | 4,134,700 | 4,171,900 | 3,601,000 |
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Income from Continuing Operations |
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Total Other Income/Expenses Net | 275,300 | 108,000 | 372,500 |
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Earnings Before Interest and Taxes | 4,410,000 | 4,279,900 | 3,973,500 |
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Interest Expense | 92,500 | 81,300 | 70,500 |
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Income Before Tax | 4,317,500 | 4,198,600 | 3,903,000 |
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Income Tax Expense | 1,432,600 | 1,379,700 | 1,143,700 |
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Minority Interest | 6,900 | 6,700 | 1,800 |
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Net Income From Continuing Ops | 3,276,100 | 3,135,900 | 2,946,200 |
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Non-recurring Events |
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Discontinued Operations | - | - | - |
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Extraordinary Items | - | - | - |
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Effect Of Accounting Changes | - | - | - |
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Other Items | - | - | - |
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Net Income |
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Net Income | 2,884,700 | 2,817,700 | 2,757,400 |
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Preferred Stock And Other Adjustments | - | - | - |
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Net Income Applicable To Common Shares | 2,884,700 | 2,817,700 | 2,757,400 |
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Balance Sheet | |||||||
All numbers in thousands | |||||||
Period Ending | 10/1/2017 | 10/2/2016 | 9/27/2015 | ||||
Current Assets | |||||||
Cash And Cash Equivalents | 2,462,300 | 2,128,800 | 1,530,100 | ||||
Short Term Investments | 228,600 | 134,400 | 81,300 | ||||
Net Receivables | 870,400 | 768,800 | 719,000 | ||||
Inventory | 1,364,000 | 1,378,500 | 1,306,400 | ||||
Other Current Assets | 358,100 | 347,400 | 334,200 | ||||
Total Current Assets | 5,283,400 | 4,757,900 | 3,971,000 | ||||
Long Term Investments | 1,023,900 | 1,496,200 | 664,500 | ||||
Property Plant and Equipment | 4,919,500 | 4,533,800 | 4,088,300 | ||||
Goodwill | 1,539,200 | 1,719,600 | 1,575,400 | ||||
Intangible Assets | 441,400 | 516,300 | 520,400 | ||||
Accumulated Amortization | - | - | - | ||||
Other Assets | 362,800 | 403,300 | 415,900 | ||||
Deferred Long Term Asset Charges | 795,400 | 885,400 | 1,180,800 | ||||
Total Assets | 14,365,600 | 14,312,500 | 12,416,300 | ||||
Current Liabilities | |||||||
Accounts Payable | 2,932,200 | 2,975,700 | 2,664,300 | ||||
Short/Current Long Term Debt | - | 399,900 | - | ||||
Other Current Liabilities | 1,288,500 | 1,171,200 | 983,800 | ||||
Total Current Liabilities | 4,220,700 | 4,546,800 | 3,648,100 | ||||
Long Term Debt | 3,932,600 | 3,185,300 | 2,347,500 | ||||
Other Liabilities | 755,300 | 689,700 | 600,900 | ||||
Deferred Long Term Liability Charges | - | - | - | ||||
Minority Interest | 6,900 | 6,700 | 1,800 | ||||
Negative Goodwill | - | - | - | ||||
Total Liabilities | 8,915,500 | 8,428,500 | 6,598,300 | ||||
Stockholders' Equity | |||||||
Misc. Stocks Options Warrants | - | - | - | ||||
Redeemable Preferred Stock | - | - | - | ||||
Preferred Stock | - | - | - | ||||
Common Stock | 1,400 | 1,500 | 1,500 | ||||
Retained Earnings | 5,563,200 | 5,949,800 | 5,974,800 | ||||
Treasury Stock | - | - | - | ||||
Capital Surplus | 41,100 | 41,100 | 41,100 | ||||
Other Stockholder Equity | -155,600 | -108,400 | -199,400 | ||||
Total Stockholder Equity | 5,450,100 | 5,884,000 | 5,818,000 | ||||
Net Tangible Assets | 3,469,500 | 3,648,100 | 3,722,200 |
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