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What is the value (market cap) of Starbucks at Sep 29, 2019? Please provide step-by-step instruction of how you used the financial statements to get
What is the value (market cap) of Starbucks at Sep 29, 2019? Please provide step-by-step instruction of how you used the financial statements to get your answer.
STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF EARNINGS (in millions, except per share data) See Notes to Consolidated Financial Statements. STARBUCKS CORPORATION CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in millions) See Notes to Consolidated Financial Statements. Fiscal Year Ended OPERATING ACTIVITIES: $ $ $ Net earnings including noncontrolling interests Adjustments to reconcile net earnings to net cash provided by operating activities: \begin{tabular}{|c|c|c|c|} \hline Depreciation and amortization & 1,449.3 & 1,305.9 & 1,067.1 \\ \hline Deferred income taxes, net & (1,495.4) & 714.9 & 95.1 \\ \hline Income earned from equity method investees & (250.6) & (242.8) & (310.2) \\ \hline Distributions received from equity method investees & 216.8 & 226.8 & 186.6 \\ \hline Gain resulting from acquisition of joint venture & - & (1,376.4) & - \\ \hline Net gain resulting from divestiture of certain retail operations & (622.8) & (499.2) & (93.5) \\ \hline Stock-based compensation & 308.0 & 250.3 & 176.0 \\ \hline Goodwill impairments & 10.5 & 37.6 & 87.2 \\ \hline Other & 187.9 & 89.0 & 68.9 \\ \hline \multicolumn{4}{|l|}{ Cash provided by changes in operating assets and liabilities: } \\ \hline Accounts receivable & (197.7) & 131.0 & (96.8) \\ \hline Inventories & (173.0) & (41.2) & 14.0 \\ \hline Prepaid expenses and other current assets & 922.0 & (839.5) & (20.0) \\ \hline Income taxes payable & 1,237.1 & 146.0 & (91.9) \\ \hline Accounts payable & 31.9 & 391.6 & 46.4 \\ \hline Deferred revenue & (30.5) & 7,109.4 & 130.8 \\ \hline Other operating assets and liabilities & (141.1) & 16.4 & 107.2 \\ \hline Net cash provided by operating activities & 5,047.0 & 11,937.8 & 4,251.8 \\ \hline \multicolumn{4}{|l|}{ INVESTING ACTIVITIES: } \\ \hline Purchases of investments & (190.4) & (191.9) & (674.4) \\ \hline Sales of investments & 298.3 & 459.0 & 1,054.5 \\ \hline Maturities and calls of investments & 59.8 & 45.3 & 149.6 \\ \hline Acquisitions, net of cash acquired & - & (1,311.3) & - \\ \hline Additions to property, plant and equipment & (1,806.6) & (1,976.4) & (1,519.4) \\ \hline Net proceeds from the divestiture of certain operations & 684.3 & 608.2 & 85.4 \\ \hline Other & (56.2) & 5.6 & 54.3 \\ \hline Net cash used by investing activities & (1,010.8) & (2,361.5) & (850.0) \\ \hline \multicolumn{4}{|l|}{ FINANCING ACTIVITIES: } \\ \hline Proceeds from issuance of long-term debt & 1,996.0 & 5,584.1 & 750.2 \\ \hline Repayments of long-term debt & (350.0) & - & (400.0) \\ \hline Proceeds from issuance of common stock & 409.8 & 153.9 & 150.8 \\ \hline Cash dividends paid & (1,761.3) & (1,743.4) & (1,450.4) \\ \hline Repurchase of common stock & (10,222.3) & (7,133.5) & (2,042.5) \\ \hline Minimum tax withholdings on share-based awards & (111.6) & (62.7) & (82.8) \\ \hline Other & (17.5) & (41.2) & (4.4) \\ \hline Net cash used by financing activities & (10,056.9) & (3,242.8) & (3,079.1) \\ \hline Effect of exchange rate changes on cash and cash equivalents & (49.0) & (39.5) & 10.8 \\ \hline Net increase/(decrease) in cash and cash equivalents & (6,069.7) & 6,294.0 & 333.5 \\ \hline \multicolumn{4}{|l|}{ CASH AND CASH EQUIVALENTS: } \\ \hline Beginning of period & 8,756.3 & 2,462.3 & 2,128.8 \\ \hline End of period & 2.686 .6 & 8.756 .3 & 2.462 .3 \\ \hline \multicolumn{4}{|l|}{ SUPPLEMENTAL DISCLOSURE OF CASH FLOW } \\ \hline \multicolumn{4}{|l|}{ Cash paid during the period for: } \\ \hline Interest, net of capitalized interest & 299.5 & 137.1 & 96.6 \\ \hline Income taxes, net of refunds & 470.1 & 1,176.9 & 1,389.1 \\ \hline \end{tabular}Step by Step Solution
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