STARBUCKS CORP

Listed Company

SBUXCIK 0000829224NasdaqLarge AcceleratedRetail-Eating & Drinking PlacesWashingtonFY ends Sep 28

Period

FY 2025

Revenue

$37.18B

Net Income

$1.86B

Total Assets

$32.02B

Equity

$-8.10B

Shares Out

1.14B

Op. Cash Flow

$4.75B

Business

STARBUCKS CORP is a global roaster, marketer, and retailer of specialty coffee that purchases, roasts, and sells high-quality coffees and related beverages through its retail and licensed operations. It offers handcrafted coffee, tea, ready-to-drink beverages, packaged coffee and tea, food items, and branded merchandise, and operates loyalty and stored-value card programs and a digital ordering platform. The company reports three operating segments: North America, International, and Channel Development, and operates both company-operated and licensed stores. Starbucks distributes products through its coffeehouses, licensed partners, grocery and foodservice channels, and strategic alliances such as the Global Coffee Alliance with Nestlé and collaborations with beverage partners.

Summary from filing dated 2025-11-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Revenues	37,184	36,176	35,976	32,250	29,061
Product and distribution costs	11,658	11,181	11,409	10,317	8,739
Store operating expenses	17,059	15,287	14,720	13,562	11,931
Other operating expenses	585	566	539	462	360
Depreciation and amortization expenses	1,685	1,513	1,363	1,448	1,442
General and administrative expenses	2,617	2,523	2,441	2,032	1,933
Restructuring and impairments	892	0	22	46	170
Total operating expenses	34,496	31,069	30,495	27,867	24,574
Income from equity investees	248	301	298	234	385
Operating income	2,937	5,409	5,871	4,618	4,872
Interest income and other, net	113	123	81	97	90
Interest expense	−543	−562	−550	−483	−470
Earnings before income taxes	2,507	4,970	5,402	4,232	5,357
Income tax expense	651	1,207	1,277	949	1,157
Net earnings including noncontrolling interests	1,857	3,762	4,125	3,283	4,200
Net earnings attributable to noncontrolling interest	300,000	1	200,000	2	1
Net earnings attributable to Starbucks	1,856	3,761	4,125	3,282	4,199
Earnings Per Share, Basic	1.63	3.32	3.6	2.85	3.57
Earnings/(loss) Per Share, Diluted	1.63	3.31	3.58	2.83	3.54
Basic	1,136	1,134	1,147	1,153	1,178
Diluted	1,140	1,137	1,151	1,159	1,186
Gain (Loss) on Disposition of Assets	0	0	91	0	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Short-term Investments	247	257	402	365	162
Accounts Receivable, net	1,278	1,214	1,184	1,176	940
Inventory, Net	2,186	1,777	1,806	2,177	1,604
Prepaid Expense and Other Assets, Current	452	313	360	484	595
Assets, Current	7,382	6,847	7,303	7,019	9,756
Long-term investments	247	276	247	279	282
Equity Investments	466	464	440	311	—
Property, Plant and Equipment, Net	8,494	8,666	7,387	6,561	6,370
Operating Lease, Right-of-Use Asset	9,316	9,286	8,413	8,016	8,236
Deferred Income Tax Assets, Net	1,827	1,767	1,770	1,800	1,875
Other Assets, Noncurrent	753	617	547	554	579
Intangible Assets, Net (Excluding Goodwill)	167	101	121	156	350
Goodwill	3,369	3,316	3,218	3,284	3,677
Assets	32,020	31,339	29,446	27,978	31,393
Accounts Payable, Current	1,853	1,596	1,544	1,441	1,212
Accrued Liabilities, Current	2,360	2,195	2,145	2,137	2,321
Accrued payroll and benefits	1,094	787	828	762	772
Operating Lease, Liability, Current	1,565	1,463	1,275	1,246	1,251
Deferred Revenue, Current	1,841	1,781	1,700	1,642	1,596
Long-term Debt, Current Maturities	1,499	1,249	1,819	1,749	999
Liabilities, Current	10,210	9,070	9,345	9,152	8,151
Long-term Debt, Excluding Current Maturities	14,576	14,320	13,548	13,120	13,617
Operating Lease, Liability, Noncurrent	8,972	8,772	7,925	7,515	7,738
Deferred Revenue, Noncurrent	5,773	5,964	6,102	6,280	6,463
Deferred Tax and Other Liabilities, Noncurrent	578	656	514	611	738
Liabilities	40,109	38,781	37,433	36,677	36,707
Common stock ($0.001 par value) - authorized 2,400.0 shares; issued and outstanding 1,136.9 and 1,133.5 shares, respectively	1	1	1	1	1
Additional Paid in Capital, Common Stock	634	323	38	205	846
Retained Earnings (Accumulated Deficit)	−8,273	−7,344	−7,256	−8,450	−6,316
Accumulated Other Comprehensive Income (Loss), Net of Tax	−459	−429	−778	−463	147
Stockholders' Equity/(Deficit) Attributable to Parent	−8,097	−7,449	−7,995	−8,707	−5,321
Stockholders' Equity Attributable to Noncontrolling Interest	7	7	7	8	7
Liabilities and Shareholders' Equity/(Deficit)	32,020	31,339	29,446	27,978	31,393
Common stock, par value	0	0	0	0	0
Authorized shares of common stock	2,400	2,400	2,400	2,400	2,400
Common Stock, Shares, Issued	1,137	1,134	1,143	1,148	1,180

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	1,772	1,592	1,450	1,529	1,524
Deferred income taxes, net	−91	−14	−59	−38	−146
Income earned from equity method investees	−274	−306	−302	−269	−347
Distributions received from equity method investees	294	333	223	231	336
Stock-based compensation	318	308	303	272	319
Non-cash Lease Cost	1,514	1,315	1,366	1,498	1,249
Loss on retirement and impairment of assets	835	122	101	91	226
Other	17	32	27	−68	−6
Accounts receivable	−90	18	−4	−326	−43
Inventories	−408	43	366	−641	−50
Income Taxes Payable	104	−62	53	−150	286
Accounts payable	261	28	100	346	190
Deferred revenue	−121	−72	−111	−76	−6
Operating lease liability	−1,577	−1,295	−1,444	−1,626	−1,488
Other operating assets and liabilities	336	291	−94	340	610
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	4,748	6,096	6,009	4,397	5,989
Purchases of investments	−334	−628	−611	−378	−432
Proceeds from Sales of Assets, Investing Activities	1	10	3	73	143
Maturities and calls of investments	392	768	617	67	346
Additions to property, plant and equipment	−2,306	−2,778	−2,334	−1,841	−1,470
Payments to Acquire Businesses, Net of Cash Acquired	−177	0	0	—	—
Proceeds from Sale of Productive Assets	0	0	110	0	0
Other	−62	−73	−56	−126	−81
Net cash used by investing activities	−2,485	−2,699	−2,271	−2,146	−320
Proceeds from (Repayments of) Commercial Paper	0	0	−175	175	−297
Proceeds from issuance of short-term debt	2	124	115	37	215
Repayments of Short-term Debt	−8	−158	−79	−37	−350
Proceeds from issuance of long-term debt	1,749	1,995	1,498	1,498	0
Repayments of long-term debt	−1,250	−1,825	−1,000	−1,000	−1,250
Proceeds from issuance of common stock	77	108	167	102	246
Cash dividends paid	−2,771	−2,585	−2,432	−2,263	−2,119
Repurchase of common stock	0	−1,267	−984	−4,013	0
Minimum tax withholdings on share-based awards	−87	−100	−89	−127	−97
Other	−9	−11	−11	−9	0
Net cash used by financing activities	−2,298	−3,718	−2,991	−5,638	−3,651
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	−31	57	−14	−250	86
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	−66	−265	733	−3,637	2,105
Interest, net of capitalized interest	588	571	524	475	501
Income taxes, net of refunds	716	1,373	1,294	1,158	756

Filings

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