STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (in millions, except per share data) Oti, 2017 Oct 2. 2016 Sep 27. 2015 S S $ 17,650.7 2,355.0 2,381.1 22,386.8 9,038.2 6,493.3 553.8 1,011.4 1,393.3 153.5 18,643.5 391.4 4,134.7 16,844.1 2,1542 2,317.6 21,315.9 8,511.1 6,0643 545.4 980.8 1,360.6 Fiscal Year Ended Net revenues Company-operated stores Licensed stores CPG, foodservice and other Total net revenues Cost of sales including occupancy costs Store operating expenses Other operating expenses Depreciation and amortization expenses General and administrative expenses Restructuring and impairments Total operating expenses Income from equity investees Operating income Gain resulting from acquisition of joint venture Loss on extinguishment of debt Interest income and other, net Interest expense Earnings before income taxes Income tax expense Net carnings including noncontrolling interests Net earnings attributable to noncontrolling interests Net earnings attributable to Starbucks 15.197.3 1,861.9 2,103.5 19.162.7 7,787.5 5.411.1 522.4 893.9 1.196.7 17.462.2 3182 4,171.9 15,811.6 249.9 2753 (92.5) 4,317.5 1,432.6 2,884.9 0.2 108.0 (81.3) 4.1986 1,379.7 2.818.9 1.2 2,817,7 s 3.601.0 390.6 (61.1) 43.0 (70.5) 3,903.0 1.143.7 2,759,3 1.9 2,884.7 $ 2.7574 STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS (in millions, except per share data) Oct 1 2017 2016 ASSETS Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net Inventories 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 EQUITY 2,4623 s 2286 870.4 1,364,0 358.1 5,283.4 542.3 481.6 4,919.5 795.4 362.8 441.4 1,539.2 14,365,6 $ 2,128.8 134.4 7688 1,3785 3474 4,757.9 1,141.7 354.5 4,533.8 885.4 4033 516,3 1,719.6 14,312.5 s S 7306 Current liabilities: Accounts payable Accrued liabilities Insurance reserves Stored value card liability Current portion of long-term debt Total current liabilities 7825 1,934.5 215.2 1,288.5 1,999.1 2460 1.171.2 3999 4,546,8 4.220.7 4,5338 885.4 4033 4,919,5 795.4 3628 441.4 1,5392 14,3656 516,3 1.7196 14,312.5 s $ S 7825 1.934.5 215.2 1,288.5 7306 1.999.1 2460 1,171.2 3999 Property, plant and equipment, net Deferred income taxes, net Other long-term assets Other intangible assets Goodwill TOTAL ASSETS LIABILITIES AND EQUITY Current liabilities: Accounts payable Accrued liabilities Insurance reserves Stored value card liability Current portion of long-term debt Total current liabilities Long-term debt Other long-term liabilities Total liabilities Shareholders' equity Common stock (50.001 par value) -- authorized, 2,400.0 shares, issued and outstanding, 1,431.6 and 1.460.5 shares, respectively Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity TOTAL LIABILITIES AND EQUITY 4,220.7 3,932.6 7553 8,908,6 4,546.8 3,1853 689.7 8,421.8 15 1.4 41.1 5,563.2 (155.6) 5,450.1 6.9 5.949.8 (108.4) 5,8840 6.7 5,457.0 14,3656 $ 5.890.7 14,3125 S Please use the financial statements to calculate the following ratios for the period ending Oct 1, 2017: 1. Account Receivable Turns 2. Inventory Turns 3. Gross Margin 4. Operating Margin 5. EBITDA Margin 6. Current Ratio 7. Interest Coverage (use 6% multiplied by outstanding debt for interest expense) 8. ROE 9. Debt/EBITDA
