STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS fong persone day STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOSEE GAL Sep 2 Sep OL Flusal Year Font Nem $ 21.5444 $19.00 $ 17,6507 Licence areer - 2.5720 2.5811 Total . 147195 2 8536 1920T TA 10.4936 9,4722 84864 ig cpeter | 55 $180 Deprecated in 1.373 1.0114 General and die in l im 1535 21.1374 15.665.5 Teresa 2950 2012 14 4,0979 3:01 4.134 1.34 Netz wie diese font 4223 959 Interactions and other 985 1914 ISLE (1203 (923) Emig hela 5.7800 4,315 Income taxeque Netcams including reg 89946 4,5180 Nel ) wsable te scrolling HO (0.3) 03 New to Stack 5 3.590.2 5 4,515.3 5 3,8547 Eig - Tales 2275 Esperseel 5 3.345 Weighted averiye ires - Bais Die 1.2333 1.31 1,4513 See Nestor File Sep 3 Pal Year 2019 2008 Netgichdi controling in rete 3,946 $ 4.5150 S 2,8449 Other comprchive Umarcadalon 17.00 195 Tes pene besede 0:3) 29 Designende ledig 244 932 Tas (expand JA Det hedging inte 09 Tas especie 10.1 (2) Trenitated other 220.00 (33.33 Tas (espan) 3.4 2.4) Meditations painlantinutianitesir bl-a-sw. bading 1.3 247 67.23 16 140 O presie w 0173.00 (114) Coding 14216 (492 21.3) Trolling inte Canpaatarina incare $ $4262S 43836 2.8393 Sex Cadencial State 25.4504 33,906 STARBUCKS CORPORATION CONSCHLIDATED BALANCE SHEETS wie we do 52 2019 2003 Total Shareholdes de Cocok 50 DOT parvarl-bord. 2.460. studdatlandi. 1.1846 and 1,200.1 weespectively Additional prin capital Retained comingdal Accued the companie Toolswholders' equidem Noring interest Tool ariptifici TOTAL LIABILITIES AND SHAREHOLDERS EQUITYXICITY ASSETS Current Castrol cash va 411 15.771.21 1033) 16.232.21 2 16231/01 13 411 14574 (3303) 1.169 63 1.1758 $ 2,686 6 5 8.7563 203 1815 8792 6931 Account enivaba $19.2196 $ 24,1364 See Monetto Consolidated Financial Statements 4852 1,4628 11.4042 2300 3677 17 64 5.9291 1.7653 4122 7818 1,022 3.4908 3.541.6 S 19.219.6 524.1964 Prepaid exponics and securesti Total current Lagter Equay Invest Property.com Deferred news, Other loaptent Other glasses Goodwill TOTAL ASSETS LIATILITIES AND SHAREHOLDERS EQUITY DEFICIT Current Acous payable Acened liabilities Acer pelled bal Incentives payable Sed vult card ability car rentino deferred revende Cucut potion of lapte debe Tomlinelibilities Liebe Deferred Other planlab 5 1.189.7 $ 2.179. 1,7525 6646 6868 1008 6.165.2 11.1670 6.7444 135 16420 3499 5.484 9,090.2 6,775.7 STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS Step 2 2017 $ 3.9946 S45180 S 28849 thsaluttala OPERATING ACTIVITIES Net earnings inching cooling interest As to learning to casis pasided by operating activi Deferred ones, There are from prited 1.967.1 1.449.3 01.4954) 7:49 50070 119373 43515 INVESTING ACTIVITIES Tacts of 1904) (9) 16744) Sales of meste 2953 4900 Saturtical of 993 Acquisition, et of calquede Alice to properly 41.97641 1.519.4) Net proceeds from the desire ofera 6062 Or 56 $43 Natarai : iriar 30.0 FINANCING ACTIVITIES Procesie of logidele 1990 5.584,1 7503 Rees op de 135001 Proceeds from ease of time 409 1919 1908 Cash divided 1.7613) 114904) Repurchase of commence (10.32231 (1.133.33 12.042.5) Minimun tax widgewood aware 41116 (607) 1173) (412) 144) Netcash wed by the 13.079.1) Effect of exigente sch and child (20) (39.5 10 Netinacksreas) in and at que 6.0.71 1115 CASH AND CASH EQUIVALENTS Beginning of paris 8.7563 2,463 2.1285 End of pead 2.6866 $ 8.756.3 2.4623 SUPPLESONTAL DISCLOSURE CASH FLOW INFORMATION Cash paid during the period for In set of capital and interest $ 1s 131.15 986 Increase for $ 4701 LIMI See Notes to Clied Fitxial Site 310.23 Distribuisce reply dives mpanities of jaisi 2368 1566 -(1.576.47 1992 2503 Net gain realing lress divaai certain wil op Stocked up Goodwill impian Other Cash provided by changes in penting und Links Accord (623 JORD JOS 167.9 193.9) 176 57.2 689 (197) 1310 (96. Prepaid exposes and me 1899.51 (2001 1464 Tacones pale A Deep taping |talin 12121 31.9 1703) (1411) 3916 7.1994 10.3 STARBUCKS CORPORATION - MKY SS 13 SUSU LASSAS wo PII FI LE 31 - TI SIP 08 SHE 24 I, - SUSAS PIR - Brod ti - 311 1. Gross profit percentage=1 2. Return on sales (Profit Margin %)= 3. Return on average total assets=4 4. Return on common stockholders' equity= 5. Debt to equity ratio= 6. Earnings per share=4 7. Price-earnings ratio 8. Dividend yield= 9. Current ratio=4 10. Quick ratio= 11. Account Receivables turnover= 12. Inventory turnover= STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (in millions, except per share data) Sep 29, Sep 30, Oct 1, Fiscal Year Ended 2019 2018 2017 Net revenues: Company-operated stores $ 21,544.4 $ 19,690.3 $ 17,650.7 Licensed stores 2.875.0 2,652.2 2,355.0 Other 2.089.2 2,377.0 2.381.1 Total net revenues 26,508.6 24.719.5 22.386.8 Cost of sales 8.526.9 7.930.7 7.065.8 Store operating expenses 10,493.6 9,4722 8,486.4 Other operating expenses 371.0 554.9 518.0 Depreciation and amortization expenses 1,377.3 1,247.0 1.0114 General and administrative expenses 1.824.1 1.708.2 1.408.4 Restructuring and impairments 135.8 224.4 153.5 Total operating expenses net 21,1374 18.643.5 Income from equity investeese 298.0 301.2 391.4 Operating income 4,077.9 3,883.3 4.134.7 Gain resulting from acquisition of joint ventures 1,376.4 Net gain resulting from divestiture of certain operations 622.8 499.2 93.5 Interest income and other, net 96.5 191.4 181.8 Interest expenser (331.0) (170.3) (92.5) Earnings before income taxes-> 4,466.2 5.780.0 4,317.5 Income tax expenser 871.6 1.262.0 1.432.6 Net earnings including noncontrolling interests 3,594.6 4,518.0 2,884.9 Net earnings/(loss) attributable to noncontrolling interests (4.6) (0.3) 0.2 Net earnings attributable to Starbucks $ 3,599.2 $ 4,518.3 $ 2.884.7 Earnings per share -- basice $ 2.95 $ 3.275 1.99 Earnings per share - dilutede $ 2.92 $ 3.24 S 1.97 Weighted average shares outstanding: Basic 1,221.2 1.382.7 1,449.5 Diluted 1.233.2 1,394.6 1,461.5 See Notes to Consolidated Financial Statements. STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME fin millions) 2.9 Sep 29, Sep 30, Oct 1, Fiscal Year Endede 2019 2018 2017 Net carnings including noncontrolling interests- $ 3,594.6 5 4,518.0 $ 2,884.9 Other comprehensive income/(loss), net of tax:- Unrealized holding gains (losses) on available-for-sale securities 10.5 (7.0) (9.5) Tax (expense) benefit (2.3) 1.9 Unrealized gains (losses) on cash flow hedging instruments (14.1) 24.4 53.2 Tax (expense) benefit 3.4 (6.5) (12.6) Unrealized gains/(losses) on net investment hedging instruments (39.8) 7.8 20.1 Tax (expense) benefit 10.1 (2.2) Translation adjustment and other (146.2) (220.0) (38.3) Tax (expense) benefit 3.4 (2.4) Reclassification adjustment for net (gains) losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment 1.3 24.7 (67.2) Tax expense/(benefit) (1.2) Other comprehensive income (loss) (173.0) (174.7) (47.2) Comprehensive income including noncontrolling interests 3.421.6 4,343.3 2.837.7 Comprehensive income (loss) attributable to noncontrolling interests (4.6) (0.3) Comprehensive income attributable to Starbucks $ 3,426.2 $ 4,343.6 $ 2,837.5 2.5 1.6 14.0 0.2 See Notes to Consolidated Financial Statements. STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except per share data) Sep 29, 2019 Sep 30, 2018 ASSETS Current assets: Cash and cash equivalents: Short-term investments Accounts receivable, net- Inventoriese Prepaid expenses and other current assets Total current assets Long-term investments Equity investments Property, plant and equipment, nete Deferred income taxes, nete? Other long-term assets Other intangible assets Goodwille TOTAL ASSETS LIABILITIES AND SHAREHOLDERS EQUITY/(DEFICIT) Current liabilities: Accounts payable Accrued liabilities Accrued payroll and benefits Income taxes payable Stored value card liability and current portion of deferred revenue Current portion of long-term debt Total current liabilities Long-term debte Deferred revenue Other long-term liabilities $ 2,686.6 $ 8,756.3 70.5 181.5 879.2 693.1 1,529.4 1.400.5 488.2 1.462.8 5,653.9 12.494.2 220.0 267.7 396.0 334.7 6,431.7 5,929.1 1,765.8 134.7 479.6 412.2 781.8 1,042.2 3,490.8 3,541.6 S 19.219.6 $ 24,156.4 $ 1,189.7 $ 1.179.3 1.753.7 1,752.5 664.6 656.8 1,291.7 102.8 1,269.0 6,168.7 11,167.0 6,744.4 1,370.5 1,642.9 349.9 5,684.2 9,090.2 6,775.7 1,430.5 25.450.6 22.980.6 1.2 Total liabilities Shareholders' equity/(deficit): Common stock (S0.001 par value) - authorized, 2,400.0 shares; issued and outstanding, 1,184.6 and 1,309.1 shares, respectively) Additional paid-in capital Retained earnings/(deficit) Accumulated other comprehensive losse Total shareholders' equity/(deficit) Noncontrolling interests Total equity/(deficity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT) 41.1 (5,771.2) (503.3) (6,232.2) 1.2 (6,231.0) 1.3 41.1 1,457.4 (330.3) 1.169.5 6.3 1,175.8 $ 19,219.6 $ 24,156.4 See Notes to Consolidated Financial Statements. STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Sep 29, Sep 30, Oct 1, Fiscal Year Endede 2019 2018 2017 OPERATING ACTIVITIES: Net earnings including noncontrolling interests $ 3,594.6 $4,518.0 $ 2,884.9 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 1.449.3 1,305.9 1,067.1 Deferred income taxes, net (1.495.4) 714.9 95.1 Income earned from equity method investees (250.6) (242.8) (310.2) Distributions received from equity method investees 216.8 226.8 186.6 Gain resulting from acquisition of joint venture (1,376.4) Net gain resulting from divestiture of certain retail operations (622.8) (499.2) (93.5) Stock-based compensation 308.0 250.3 176.0 Goodwill impairments 10.5 37.6 87.2 Other 187.9 89.0 68.9 Cash provided by changes in operating assets and liabilities: Accounts receivable (1977) 131.0 (96.8) Inventories (173.0) (41.2) 14.0 Prepaid expenses and other current assets 922.0 (839.5) (20.0) Income taxes payable 1,237.1 146.0 (91.9) Accounts payable 31.9 391.6 46.4 Deferred revenue (30.5) 7,109.4 130,8 Other operating assets and liabilities (141.1) 16.4 107.2 Net cash provided by operating activities 5,047.0 11,937.8 4,251.8 INVESTING ACTIVITIES: Purchases of investments (190.4) (191.9) (674.4) Sales of investments 298.3 459.0 1,054.5 Maturities and calls of investments 59.8 45.3 149.6 Acquisitions, net of cash acquirede (1.311.3) Additions to property, plant and equipment (1,806.6) (1,976.4) (1,519.4) Net proceeds from the divestiture of certain operations 684.3 608.2 85.4 Other (56.2) 5.6 54.3 Net cash used by investing activities (1,010.8) (2,361.5) (850.0) FINANCING ACTIVITIES: Proceeds from issuance of long-term debt 1,996.0 5,584.1 750.2 Repayments of long-term debt (350.0) (400.0) Proceeds from issuance of common stock 409.8 153.9 150.8 Cash dividends paid (1.761.3) (1.743.4) (1.450.4) Repurchase of common stock (10,222.3) (7.133.5) (2,042.5) Minimum tax withholdings on share-based awards (111.6) (62.7) (82.8) Other (17.5) (41.2) Net cash used by financing activities (10,056.9) (3,242.8) (3,079.1) Effect of exchange rate changes on cash and cash equivalents: (49.0) (39.5) 10.8 Net increase/(decrease) in cash and cash equivalents: (6,069.7) 6,294.0 333.5 CASH AND CASH EQUIVALENTS: Beginning of periode 8,756.3 2,462.3 2,128.8 End of periode $ 2,686.6 $ 8,756.3 $ 2,462.3 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid during the period for: Interest, net of capitalized interest $ 299.5$ 137.15 96.6 Income taxes, net of refundse $ 470.1 $ 1,176.9 $ 1,389.1 See Notes to Consolidated Financial Statements. STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EQUITY (int millions, except per share dissa) Acumulated Other Paldin Katained Cempreenche Shareholder encontrolling Capital Emin Deficio Inc (LM) Equity (Deficio Share A Total Balance, October 2.2016 Net earnings 1,4605 $ 15$ 4135 (108.4) 5,884,0 5 67 $5,8907 5949,8$ 2,884.7 2,884.7 02 2,884.9 Other comprehensive income (low) (472) (47.29 Stock-based compensation expense - 177.9 - 1779 1779 117.0 - 117.0 1170 Exercise of stock optionsvesting of RSU Sale of common stock, including tax benefit of 50.2- Repurchase of common stock 0.5 28.7. 28. 1 287 (373) (0.1) (323.6) (1.755.4) (2,079.1) 2,079.1) Cash dividende declared, 51.05 per (1.5159 (1,515.) (1,315.9) 1,4316 S 14 5 41s 5,56325 (155.6) 3,450.15 69 $5,457.0 4.518.3 4,5183 (03) 4,5180 Balance, October 1,2017 Net earnings (los) Other comprehensive Incore (los) (1747) (1747) 259.8. 253.8 253,8 Stock-based compensation expenses Exercue of stock optionsverting of RSUS 84 - 59.4 39.4 - 594 Sale of common Mode 0.6 31.8 31.8 31.8 Repurchase of common stock (131.5) (0.1) (345.0) (6,863.6) (7.208.7) (7.208.7) Cash didenda declared, 51.82 per share (1.760.5) (1,760.5) (1.760,5) Net distributions to encontrolling (03) (03) Balance, September 30, 2018 1.309.15 13 41.13 1,457.4 $ (330.5) $ 11695 6.3 51.175.8 4956 495.4 195.4 Cumulative effect of adoption of new accounting guidance Net earning (out) Other comprehensive come dow) Stock-based - 3.5992 3,5992 (4.6) 3.5946 - - 1 (173.0) (173.cy (173.0) compensation expense 3113 3113 - 3113 Exercise of stock optionsvesting of RSUS Sale of common 14.7 2649 2645 2649 04 - 33.4 334 Repurchase of common stock (139.6) (0.1) (609.6) (9,5218 - (10,151.5) (10,131.5) Cash dividende declared. $1.49 per (1.801.6) (1.8016) Net distributions to nocontrolling (0.5) (0.5) Balance, September 29, 2019- 12 56.231.0) 1,1846 S 12 41 s (5.771.29 $(03.3) $ (6.232.2) See Notes to Consolidated Financial Statements: STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS fong persone day STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOSEE GAL Sep 2 Sep OL Flusal Year Font Nem $ 21.5444 $19.00 $ 17,6507 Licence areer - 2.5720 2.5811 Total . 147195 2 8536 1920T TA 10.4936 9,4722 84864 ig cpeter | 55 $180 Deprecated in 1.373 1.0114 General and die in l im 1535 21.1374 15.665.5 Teresa 2950 2012 14 4,0979 3:01 4.134 1.34 Netz wie diese font 4223 959 Interactions and other 985 1914 ISLE (1203 (923) Emig hela 5.7800 4,315 Income taxeque Netcams including reg 89946 4,5180 Nel ) wsable te scrolling HO (0.3) 03 New to Stack 5 3.590.2 5 4,515.3 5 3,8547 Eig - Tales 2275 Esperseel 5 3.345 Weighted averiye ires - Bais Die 1.2333 1.31 1,4513 See Nestor File Sep 3 Pal Year 2019 2008 Netgichdi controling in rete 3,946 $ 4.5150 S 2,8449 Other comprchive Umarcadalon 17.00 195 Tes pene besede 0:3) 29 Designende ledig 244 932 Tas (expand JA Det hedging inte 09 Tas especie 10.1 (2) Trenitated other 220.00 (33.33 Tas (espan) 3.4 2.4) Meditations painlantinutianitesir bl-a-sw. bading 1.3 247 67.23 16 140 O presie w 0173.00 (114) Coding 14216 (492 21.3) Trolling inte Canpaatarina incare $ $4262S 43836 2.8393 Sex Cadencial State 25.4504 33,906 STARBUCKS CORPORATION CONSCHLIDATED BALANCE SHEETS wie we do 52 2019 2003 Total Shareholdes de Cocok 50 DOT parvarl-bord. 2.460. studdatlandi. 1.1846 and 1,200.1 weespectively Additional prin capital Retained comingdal Accued the companie Toolswholders' equidem Noring interest Tool ariptifici TOTAL LIABILITIES AND SHAREHOLDERS EQUITYXICITY ASSETS Current Castrol cash va 411 15.771.21 1033) 16.232.21 2 16231/01 13 411 14574 (3303) 1.169 63 1.1758 $ 2,686 6 5 8.7563 203 1815 8792 6931 Account enivaba $19.2196 $ 24,1364 See Monetto Consolidated Financial Statements 4852 1,4628 11.4042 2300 3677 17 64 5.9291 1.7653 4122 7818 1,022 3.4908 3.541.6 S 19.219.6 524.1964 Prepaid exponics and securesti Total current Lagter Equay Invest Property.com Deferred news, Other loaptent Other glasses Goodwill TOTAL ASSETS LIATILITIES AND SHAREHOLDERS EQUITY DEFICIT Current Acous payable Acened liabilities Acer pelled bal Incentives payable Sed vult card ability car rentino deferred revende Cucut potion of lapte debe Tomlinelibilities Liebe Deferred Other planlab 5 1.189.7 $ 2.179. 1,7525 6646 6868 1008 6.165.2 11.1670 6.7444 135 16420 3499 5.484 9,090.2 6,775.7 STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS Step 2 2017 $ 3.9946 S45180 S 28849 thsaluttala OPERATING ACTIVITIES Net earnings inching cooling interest As to learning to casis pasided by operating activi Deferred ones, There are from prited 1.967.1 1.449.3 01.4954) 7:49 50070 119373 43515 INVESTING ACTIVITIES Tacts of 1904) (9) 16744) Sales of meste 2953 4900 Saturtical of 993 Acquisition, et of calquede Alice to properly 41.97641 1.519.4) Net proceeds from the desire ofera 6062 Or 56 $43 Natarai : iriar 30.0 FINANCING ACTIVITIES Procesie of logidele 1990 5.584,1 7503 Rees op de 135001 Proceeds from ease of time 409 1919 1908 Cash divided 1.7613) 114904) Repurchase of commence (10.32231 (1.133.33 12.042.5) Minimun tax widgewood aware 41116 (607) 1173) (412) 144) Netcash wed by the 13.079.1) Effect of exigente sch and child (20) (39.5 10 Netinacksreas) in and at que 6.0.71 1115 CASH AND CASH EQUIVALENTS Beginning of paris 8.7563 2,463 2.1285 End of pead 2.6866 $ 8.756.3 2.4623 SUPPLESONTAL DISCLOSURE CASH FLOW INFORMATION Cash paid during the period for In set of capital and interest $ 1s 131.15 986 Increase for $ 4701 LIMI See Notes to Clied Fitxial Site 310.23 Distribuisce reply dives mpanities of jaisi 2368 1566 -(1.576.47 1992 2503 Net gain realing lress divaai certain wil op Stocked up Goodwill impian Other Cash provided by changes in penting und Links Accord (623 JORD JOS 167.9 193.9) 176 57.2 689 (197) 1310 (96. Prepaid exposes and me 1899.51 (2001 1464 Tacones pale A Deep taping |talin 12121 31.9 1703) (1411) 3916 7.1994 10.3 STARBUCKS CORPORATION - MKY SS 13 SUSU LASSAS wo PII FI LE 31 - TI SIP 08 SHE 24 I, - SUSAS PIR - Brod ti - 311 1. Gross profit percentage=1 2. Return on sales (Profit Margin %)= 3. Return on average total assets=4 4. Return on common stockholders' equity= 5. Debt to equity ratio= 6. Earnings per share=4 7. Price-earnings ratio 8. Dividend yield= 9. Current ratio=4 10. Quick ratio= 11. Account Receivables turnover= 12. Inventory turnover= STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (in millions, except per share data) Sep 29, Sep 30, Oct 1, Fiscal Year Ended 2019 2018 2017 Net revenues: Company-operated stores $ 21,544.4 $ 19,690.3 $ 17,650.7 Licensed stores 2.875.0 2,652.2 2,355.0 Other 2.089.2 2,377.0 2.381.1 Total net revenues 26,508.6 24.719.5 22.386.8 Cost of sales 8.526.9 7.930.7 7.065.8 Store operating expenses 10,493.6 9,4722 8,486.4 Other operating expenses 371.0 554.9 518.0 Depreciation and amortization expenses 1,377.3 1,247.0 1.0114 General and administrative expenses 1.824.1 1.708.2 1.408.4 Restructuring and impairments 135.8 224.4 153.5 Total operating expenses net 21,1374 18.643.5 Income from equity investeese 298.0 301.2 391.4 Operating income 4,077.9 3,883.3 4.134.7 Gain resulting from acquisition of joint ventures 1,376.4 Net gain resulting from divestiture of certain operations 622.8 499.2 93.5 Interest income and other, net 96.5 191.4 181.8 Interest expenser (331.0) (170.3) (92.5) Earnings before income taxes-> 4,466.2 5.780.0 4,317.5 Income tax expenser 871.6 1.262.0 1.432.6 Net earnings including noncontrolling interests 3,594.6 4,518.0 2,884.9 Net earnings/(loss) attributable to noncontrolling interests (4.6) (0.3) 0.2 Net earnings attributable to Starbucks $ 3,599.2 $ 4,518.3 $ 2.884.7 Earnings per share -- basice $ 2.95 $ 3.275 1.99 Earnings per share - dilutede $ 2.92 $ 3.24 S 1.97 Weighted average shares outstanding: Basic 1,221.2 1.382.7 1,449.5 Diluted 1.233.2 1,394.6 1,461.5 See Notes to Consolidated Financial Statements. STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME fin millions) 2.9 Sep 29, Sep 30, Oct 1, Fiscal Year Endede 2019 2018 2017 Net carnings including noncontrolling interests- $ 3,594.6 5 4,518.0 $ 2,884.9 Other comprehensive income/(loss), net of tax:- Unrealized holding gains (losses) on available-for-sale securities 10.5 (7.0) (9.5) Tax (expense) benefit (2.3) 1.9 Unrealized gains (losses) on cash flow hedging instruments (14.1) 24.4 53.2 Tax (expense) benefit 3.4 (6.5) (12.6) Unrealized gains/(losses) on net investment hedging instruments (39.8) 7.8 20.1 Tax (expense) benefit 10.1 (2.2) Translation adjustment and other (146.2) (220.0) (38.3) Tax (expense) benefit 3.4 (2.4) Reclassification adjustment for net (gains) losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment 1.3 24.7 (67.2) Tax expense/(benefit) (1.2) Other comprehensive income (loss) (173.0) (174.7) (47.2) Comprehensive income including noncontrolling interests 3.421.6 4,343.3 2.837.7 Comprehensive income (loss) attributable to noncontrolling interests (4.6) (0.3) Comprehensive income attributable to Starbucks $ 3,426.2 $ 4,343.6 $ 2,837.5 2.5 1.6 14.0 0.2 See Notes to Consolidated Financial Statements. STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except per share data) Sep 29, 2019 Sep 30, 2018 ASSETS Current assets: Cash and cash equivalents: Short-term investments Accounts receivable, net- Inventoriese Prepaid expenses and other current assets Total current assets Long-term investments Equity investments Property, plant and equipment, nete Deferred income taxes, nete? Other long-term assets Other intangible assets Goodwille TOTAL ASSETS LIABILITIES AND SHAREHOLDERS EQUITY/(DEFICIT) Current liabilities: Accounts payable Accrued liabilities Accrued payroll and benefits Income taxes payable Stored value card liability and current portion of deferred revenue Current portion of long-term debt Total current liabilities Long-term debte Deferred revenue Other long-term liabilities $ 2,686.6 $ 8,756.3 70.5 181.5 879.2 693.1 1,529.4 1.400.5 488.2 1.462.8 5,653.9 12.494.2 220.0 267.7 396.0 334.7 6,431.7 5,929.1 1,765.8 134.7 479.6 412.2 781.8 1,042.2 3,490.8 3,541.6 S 19.219.6 $ 24,156.4 $ 1,189.7 $ 1.179.3 1.753.7 1,752.5 664.6 656.8 1,291.7 102.8 1,269.0 6,168.7 11,167.0 6,744.4 1,370.5 1,642.9 349.9 5,684.2 9,090.2 6,775.7 1,430.5 25.450.6 22.980.6 1.2 Total liabilities Shareholders' equity/(deficit): Common stock (S0.001 par value) - authorized, 2,400.0 shares; issued and outstanding, 1,184.6 and 1,309.1 shares, respectively) Additional paid-in capital Retained earnings/(deficit) Accumulated other comprehensive losse Total shareholders' equity/(deficit) Noncontrolling interests Total equity/(deficity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY/(DEFICIT) 41.1 (5,771.2) (503.3) (6,232.2) 1.2 (6,231.0) 1.3 41.1 1,457.4 (330.3) 1.169.5 6.3 1,175.8 $ 19,219.6 $ 24,156.4 See Notes to Consolidated Financial Statements. STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) Sep 29, Sep 30, Oct 1, Fiscal Year Endede 2019 2018 2017 OPERATING ACTIVITIES: Net earnings including noncontrolling interests $ 3,594.6 $4,518.0 $ 2,884.9 Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization 1.449.3 1,305.9 1,067.1 Deferred income taxes, net (1.495.4) 714.9 95.1 Income earned from equity method investees (250.6) (242.8) (310.2) Distributions received from equity method investees 216.8 226.8 186.6 Gain resulting from acquisition of joint venture (1,376.4) Net gain resulting from divestiture of certain retail operations (622.8) (499.2) (93.5) Stock-based compensation 308.0 250.3 176.0 Goodwill impairments 10.5 37.6 87.2 Other 187.9 89.0 68.9 Cash provided by changes in operating assets and liabilities: Accounts receivable (1977) 131.0 (96.8) Inventories (173.0) (41.2) 14.0 Prepaid expenses and other current assets 922.0 (839.5) (20.0) Income taxes payable 1,237.1 146.0 (91.9) Accounts payable 31.9 391.6 46.4 Deferred revenue (30.5) 7,109.4 130,8 Other operating assets and liabilities (141.1) 16.4 107.2 Net cash provided by operating activities 5,047.0 11,937.8 4,251.8 INVESTING ACTIVITIES: Purchases of investments (190.4) (191.9) (674.4) Sales of investments 298.3 459.0 1,054.5 Maturities and calls of investments 59.8 45.3 149.6 Acquisitions, net of cash acquirede (1.311.3) Additions to property, plant and equipment (1,806.6) (1,976.4) (1,519.4) Net proceeds from the divestiture of certain operations 684.3 608.2 85.4 Other (56.2) 5.6 54.3 Net cash used by investing activities (1,010.8) (2,361.5) (850.0) FINANCING ACTIVITIES: Proceeds from issuance of long-term debt 1,996.0 5,584.1 750.2 Repayments of long-term debt (350.0) (400.0) Proceeds from issuance of common stock 409.8 153.9 150.8 Cash dividends paid (1.761.3) (1.743.4) (1.450.4) Repurchase of common stock (10,222.3) (7.133.5) (2,042.5) Minimum tax withholdings on share-based awards (111.6) (62.7) (82.8) Other (17.5) (41.2) Net cash used by financing activities (10,056.9) (3,242.8) (3,079.1) Effect of exchange rate changes on cash and cash equivalents: (49.0) (39.5) 10.8 Net increase/(decrease) in cash and cash equivalents: (6,069.7) 6,294.0 333.5 CASH AND CASH EQUIVALENTS: Beginning of periode 8,756.3 2,462.3 2,128.8 End of periode $ 2,686.6 $ 8,756.3 $ 2,462.3 SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: Cash paid during the period for: Interest, net of capitalized interest $ 299.5$ 137.15 96.6 Income taxes, net of refundse $ 470.1 $ 1,176.9 $ 1,389.1 See Notes to Consolidated Financial Statements. STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EQUITY (int millions, except per share dissa) Acumulated Other Paldin Katained Cempreenche Shareholder encontrolling Capital Emin Deficio Inc (LM) Equity (Deficio Share A Total Balance, October 2.2016 Net earnings 1,4605 $ 15$ 4135 (108.4) 5,884,0 5 67 $5,8907 5949,8$ 2,884.7 2,884.7 02 2,884.9 Other comprehensive income (low) (472) (47.29 Stock-based compensation expense - 177.9 - 1779 1779 117.0 - 117.0 1170 Exercise of stock optionsvesting of RSU Sale of common stock, including tax benefit of 50.2- Repurchase of common stock 0.5 28.7. 28. 1 287 (373) (0.1) (323.6) (1.755.4) (2,079.1) 2,079.1) Cash dividende declared, 51.05 per (1.5159 (1,515.) (1,315.9) 1,4316 S 14 5 41s 5,56325 (155.6) 3,450.15 69 $5,457.0 4.518.3 4,5183 (03) 4,5180 Balance, October 1,2017 Net earnings (los) Other comprehensive Incore (los) (1747) (1747) 259.8. 253.8 253,8 Stock-based compensation expenses Exercue of stock optionsverting of RSUS 84 - 59.4 39.4 - 594 Sale of common Mode 0.6 31.8 31.8 31.8 Repurchase of common stock (131.5) (0.1) (345.0) (6,863.6) (7.208.7) (7.208.7) Cash didenda declared, 51.82 per share (1.760.5) (1,760.5) (1.760,5) Net distributions to encontrolling (03) (03) Balance, September 30, 2018 1.309.15 13 41.13 1,457.4 $ (330.5) $ 11695 6.3 51.175.8 4956 495.4 195.4 Cumulative effect of adoption of new accounting guidance Net earning (out) Other comprehensive come dow) Stock-based - 3.5992 3,5992 (4.6) 3.5946 - - 1 (173.0) (173.cy (173.0) compensation expense 3113 3113 - 3113 Exercise of stock optionsvesting of RSUS Sale of common 14.7 2649 2645 2649 04 - 33.4 334 Repurchase of common stock (139.6) (0.1) (609.6) (9,5218 - (10,151.5) (10,131.5) Cash dividende declared. $1.49 per (1.801.6) (1.8016) Net distributions to nocontrolling (0.5) (0.5) Balance, September 29, 2019- 12 56.231.0) 1,1846 S 12 41 s (5.771.29 $(03.3) $ (6.232.2) See Notes to Consolidated Financial Statements