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Using the Consolidated Statement of Income, determine the net income of this company for the most current year. Using the Consolidated Statement of Cash Flows
Using the Consolidated Statement of Income, determine the net income of this company for the most current year. Using the Consolidated Statement of Cash Flows determine the Cash Provided by (from) Operating Activities for the most current year. Compare the two numbers. What do you think is causing this difference? Explain.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME in millions) Sep 29, 2019 Sep 30. 2018 Oct 1, 2017 2,884.9 $ 3,594.6 $ 4,518.0 $ (9.5) Fiscal Year Ended Net earnings including noncontrolling interests Other comprehensive income (loss), net of tax: Unrealized holding gains/losses) on available-for-sale securities Tax (expense) benefit Unrealized gains/(losses) on cash flow hedging instruments Tax (expense)/benefit Unrealized gains/(losses) on net investment hedging instruments Tax (expense) benefit Translation adjustment and other Tax (expense) benefit Reclassification adjustment for net (gains)losses realized in net earnings for available-for-sale securities, hedging instruments, and translation adjustment Tax expense/(benefit) Other comprehensive income/loss) Comprehensive income including noncontrolling interests Comprehensive income (loss) attributable to noncontrolling interests Comprehensive income attributable to Starbucks 10.5 (2.3) (14.1) 3.4 (39.8) 10.1 (146.2) 2.5 (7.0) 1.9 24.4 (6.5) 7.8 (2.2) (220.0) 3.4 2.9 53.2 (12.6) 20.1 (7.4) (38.3) (2.4) 46.2) 1.3 24.7 1.6 (67.2) 14.0 (47.2) 2,837.7 (1.2) (174.7) 4,343.3 (173.0) 3,421.6 (4.6) (0.3) 4,343.6 0.2 2,837.5 $ 3,426.2 $ $ CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions) $ 3,594.6 $ 4,518.0 $ 2,884.9 1,449.3 (1,495.4) (250.6) 216.8 1,067.1 95.1 (310.2) 186.6 1,305.9 714.9 (242.8) 226.8 (1,376.4) (499.2) 250.3 37.6 89.0 (622.8) 308.0 10.5 187.9 (93.5) 176.0 87.2 68.9 (197.7) (173.0) 922.0 1,237.1 31.9 (30.5) (141.1) 5,047.0 131.0 (41.2) (839.5) 146.0 391.6 7,109.4 16.4 11,937.8 (96.8) 14.0 (20.0) (91.9) 46.4 130.8 107.2 4,251.8 Fiscal Year Ended OPERATING ACTIVITIES: Net earnings including noncontrolling interests Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation and amortization Deferred income taxes, net Income earned from equity method investees Distributions received from equity method investees Gain resulting from acquisition of joint venture Net gain resulting from divestiture of certain retail operations Stock-based compensation Goodwill impairments Other Cash provided by changes in operating assets and liabilities: Accounts receivable Inventories Prepaid expenses and other current assets Income taxes payable Accounts payable Deferred revenue Other operating assets and liabilities Net cash provided by operating activities INVESTING ACTIVITIES: Purchases of investments Sales of investments Maturities and calls of investments Acquisitions, net of cash acquired Additions to property, plant and equipment Net proceeds from the divestiture of certain operations Other Net cash used by investing activities FINANCING ACTIVITIES: Proceeds from issuance of long-term debt Repayments of long-term debt Proceeds from issuance of common stock Cash dividends paid Repurchase of common stock Minimum tax withholdings on share-based awards Other Net cash used by financing activities Effect of exchange rate changes on cash and cash equivalents Net increase/(decrease) in cash and cash equivalents CASH AND CASH EQUIVALENTS: Beginning of period End of period SUPPLEMENTAL DISCLOSURE OF CASH FLOW Cash paid during the period for: Interest, net of capitalized interest Income taxes, net of refunds (190.4) 298.3 59.8 (674.4) 1,054.5 149.6 (191.9) 459.0 45.3 (1,311.3) (1,976.4) 608.2 (1,806.6) 684.3 (56.2) (1,010.8) (1,519.4) 85.4 54.3 (850.0) 5.6 (2,361.5) 5,584.1 1,996.0 (350.0) 409.8 (1,761.3) (10,222.3) (111.6) (17.5) (10,056.9) (49.0) (6,069.7) 153.9 (1,743.4) (7,133.5) (62.7) (41.2) (3,242.8) (39.5) 6,294.0 750.2 (400.0) 150.8 (1,450.4) (2,042.5) (82.8) (4.4) (3,079.1) 10.8 333.5 8,756.3 2.686.6 2.462.3 8.756.3 2.128.8 2.462.3 S $ $ $ 299.5 470.1 $ $ 137.1 1,176.9 $ $ 96.6 1,389.1Step by Step Solution
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