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I preformed a horizontal analysis on the following data. I guess my confusion exactly is what this means. What do you see from the data
I preformed a horizontal analysis on the following data. I guess my confusion exactly is what this means. What do you see from the data
Income Statement
| Oct 2 | Sep 27, | Sep 28, | % Change | % Change | ||||
| 2016 | 2015 | 2014 | 2016-2015 | 2015-2014 | ||||
| Net revenues: | ||||||||
| Company-operated stores | 16,844.10 | $15,197.30 | $12,977.90 | 10.84% | 17.10% | |||
| Licensed stores | 2,154.20 | 1,861.90 | 1,588.60 | 15.70% | 17.20% | |||
| CPG, foodservice and other | 2,317.60 | 2,103.50 | 1,881.30 | 10.18% | 11.81% | |||
| Total net revenues | 21,315.90 | 19,162.70 | 16,447.80 | 11.24% | 16.51% | |||
| Cost of sales including occupancy costs | 8,511.10 | 7,787.50 | 6,858.80 | 9.29% | 13.54% | |||
| Store operating expenses | 6,064.30 | 5,411.10 | 4,638.20 | 12.07% | 16.66% | |||
| Other operating expenses | 545.40 | 522.40 | 457.30 | 4.40% | 14.24% | |||
| Depreciation and amortization expenses | 980.80 | 893.90 | 709.60 | 9.72% | 25.97% | |||
| General and administrative expenses | 1,360.60 | 1,196.70 | 991.30 | 13.70% | 20.72% | |||
| Litigation charge/(credit) | - | - | (20.20) | #DIV/0! | -100.00% | |||
| Total operating expenses | 17,462.20 | 15,811.60 | 13,635.00 | 10.44% | 15.96% | |||
| Income from equity investees | 318.20 | 249.90 | 268.30 | 27.33% | -6.86% | |||
| Operating income/(loss) | 4,171.90 | 3,601.00 | 3,081.10 | 15.85% | 16.87% | |||
| Gain resulting from acquisition of joint venture | - | 390.60 | - | -100.00% | #DIV/0! | |||
| Loss on extinguishment of debt | - | (61.10) | - | -100.00% | #DIV/0! | |||
| Interest income and other, net | 108.00 | 43.00 | 142.70 | 151.16% | -69.87% | |||
| Interest expense | (81.30) | (70.50) | (64.10) | 15.32% | 9.98% | |||
| Earnings/(loss) before income taxes | 4,198.60 | 3,903.00 | 3,159.70 | 7.57% | 23.52% | |||
| Income tax expense/(benefit) | 1,379.70 | 1,143.70 | 1,092.00 | 20.63% | 4.73% | |||
| Net earnings including noncontrolling interests | 2,818.90 | 2,759.30 | 2,067.70 | 2.16% | 33.45% | |||
| Net earnings/(loss) attributable to noncontrolling interests | 1.20 | 1.90 | (0.40) | -36.84% | -575.00% | |||
| Net earnings attributable to Starbucks | 2,817.70 | $2,757.40 | $2,068.10 | 2.19% | 33.33% | |||
| Earnings per share basic | 1.91 | 1.84 | 1.37 | 3.80% | 34.31% | |||
| Earnings per share diluted | 1.90 | 1.82 | 1.35 | 4.40% | 34.81% | |||
| Weighted average shares outstanding: | ||||||||
| Basic | 1,471.60 | 1,495.90 | 1,506.30 | -1.62% | -0.69% | |||
| Diluted | 1,486.70 | 1,513.40 | 1,526.30 | -1.76% | -0.85% |
Balance Sheet
| Oct 2 | Sep 27 | Sep 28, | % Change | % Change | ||||
| 2016 | 2015 | 2014 | 2016-2015 | 2015-2014 | ||||
| ASSETS | ||||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $2,128.80 | $1,530.10 | $1,708.40 | 39.13% | -10.44% | |||
| Short-term investments | 134.40 | 81.30 | 135.40 | 65.31% | -39.96% | |||
| Accounts receivable, net | 768.80 | 719.00 | 631.00 | 6.93% | 13.95% | |||
| Inventories | 1,378.50 | 1,306.40 | 1,090.90 | 5.52% | 19.75% | |||
| Prepaid expenses and other current assets | 350.00 | 334.20 | 285.60 | 4.73% | 17.02% | |||
| Total current assets | 4,760.50 | 3,971.00 | 3,851.30 | 19.88% | 3.11% | |||
| Long-term investments | 1,141.70 | 312.50 | 318.40 | 265.34% | -1.85% | |||
| Equity and cost investments | 354.50 | 352.00 | 514.90 | 0.71% | -31.64% | |||
| Property, plant and equipment, net | 4,533.80 | 4,088.30 | 3,519.00 | 10.90% | 16.18% | |||
| Deferred income taxes, net | 885.40 | 1,180.80 | 1,220.70 | -25.02% | -3.27% | |||
| Other long-term assets | 417.70 | 415.90 | 198.90 | 0.43% | 109.10% | |||
| Other intangible assets | 516.30 | 520.40 | 273.50 | -0.79% | 90.27% | |||
| Goodwill | 1,719.60 | 1,575.40 | 856.20 | 9.15% | 84.00% | |||
| TOTAL ASSETS | $14,329.50 | $12,416.30 | $10,752.90 | 15.41% | 15.47% | |||
| LIABILITIES AND EQUITY | ||||||||
| Current liabilities: | ||||||||
| Accounts payable | $730.60 | $684.20 | $533.70 | 6.78% | 28.20% | |||
| Accrued liabilities | 1,999.10 | 1,755.30 | 1,514.40 | 13.89% | 15.91% | |||
| Insurance reserves | 246.00 | 224.80 | 196.10 | 9.43% | 14.64% | |||
| Stored value card liability | 1,171.20 | 983.80 | 794.50 | 19.05% | 23.83% | |||
| Current portion of long-term debt | 400.00 | - | - | #DIV/0! | #DIV/0! | |||
| Total current liabilities | 4,546.90 | 3,648.10 | 3,038.70 | 24.64% | 20.05% | |||
| Long-term debt | 3,202.20 | 2,347.50 | 2,048.30 | 36.41% | 14.61% | |||
| Other long-term liabilities | 689.70 | 600.90 | 392.20 | 14.78% | 53.21% | |||
| Total liabilities | 8,438.80 | 6,596.50 | 5,479.20 | 27.93% | 20.39% | |||
| Shareholders equity: | ||||||||
| Common stock ($0.001 par value) authorized, | 1.50 | 1.50 | 0.70 | 0.00% | 114.29% | |||
| 2,400.0 shares; issued and outstanding, | ||||||||
| 1,460.5 and 1,485.1 shares, respectively | ||||||||
| Additional paid-in capital | 41.10 | 41.10 | 39.40 | 0.00% | 4.31% | |||
| Retained earnings | 5,949.80 | 5,974.80 | 5,206.60 | -0.42% | 14.75% | |||
| Accumulated other comprehensive income/(loss) | (108.40) | (199.40) | 25.30 | -45.64% | -888.14% | |||
| Total shareholders equity | 5,884.00 | 5,818.00 | 5,272.00 | 1.13% | 10.36% | |||
| Noncontrolling interest | 6.70 | 1.80 | 1.70 | 272.22% | 5.88% | |||
| Total equity | 5,890.70 | 5,819.80 | 5,273.70 | 1.22% | 10.36% | |||
| TOTAL LIABILITIES AND EQUITY | $14,329.50 | $12,416.30 | $10,752.90 | 15.41% | 15.47% |
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College Accounting Chapters 1-13
Authors: John Price, M. David Haddock, Michael Farina
15th Edition
125999516X, 9781259995163
