Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - STARBUCKS CORP | d276671d8k.htm |
| EX-99.2 - SEGMENT RESULTS - AS RECAST - STARBUCKS CORP | d276671dex992.htm |
Exhibit 99.1
STARBUCKS CORPORATION
CONSOLIDATED STATEMENTS OF EARNINGS – AS RECAST
(unaudited, in millions)
| 2011 | 2010 | 2009 | ||||||||||||||||||||||||||
| Q1 | Q2 | Q3 | Q4 | Full Year | Full Year | Full Year | ||||||||||||||||||||||
| Net revenues: |
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| Company-operated stores |
2,451.3 | 2,293.5 | 2,417.3 | 2,470.4 | 9,632.4 | 8,963.5 | 8,180.1 | |||||||||||||||||||||
| Licensed stores |
254.2 | 237.8 | 248.7 | 266.8 | 1,007.5 | 875.2 | 795.0 | |||||||||||||||||||||
| CPG, foodservice and other |
245.3 | 254.4 | 266.2 | 294.7 | 1,060.5 | 868.7 | 799.5 | |||||||||||||||||||||
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| Total net revenues |
2,950.8 | 2,785.7 | 2,932.2 | 3,031.9 | 11,700.4 | 10,707.4 | 9,774.6 | |||||||||||||||||||||
| Cost of sales including occupancy costs |
1,192.3 | 1,171.2 | 1,237.5 | 1,314.5 | 4,915.5 | 4,416.5 | 4,272.3 | |||||||||||||||||||||
| Store operating expenses |
888.0 | 867.2 | 917.1 | 922.9 | 3,594.9 | 3,471.9 | 3,359.1 | |||||||||||||||||||||
| Other operating expenses |
90.1 | 98.9 | 100.0 | 103.7 | 392.8 | 279.7 | 250.6 | |||||||||||||||||||||
| Depreciation and amortization expenses |
127.8 | 129.0 | 129.5 | 137.1 | 523.3 | 510.4 | 534.7 | |||||||||||||||||||||
| General and administrative expenses |
185.2 | 181.6 | 190.2 | 192.3 | 749.3 | 704.6 | 585.4 | |||||||||||||||||||||
| Restructuring charges |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 53.0 | 332.4 | |||||||||||||||||||||
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| Total operating expenses |
2,483.4 | 2,447.9 | 2,574.3 | 2,670.5 | 10,175.8 | 9,436.1 | 9,334.5 | |||||||||||||||||||||
| Gain on sale of properties |
0.0 | 0.0 | 0.0 | 30.2 | 30.2 | 0.0 | 0.0 | |||||||||||||||||||||
| Income from equity investees |
34.5 | 38.3 | 44.3 | 56.7 | 173.7 | 148.1 | 121.9 | |||||||||||||||||||||
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| Operating income |
501.9 | 376.1 | 402.2 | 448.3 | 1,728.5 | 1,419.4 | 562.0 | |||||||||||||||||||||
| Interest income and other, net |
14.4 | 19.9 | 16.0 | 65.7 | 115.9 | 50.3 | 37.0 | |||||||||||||||||||||
| Interest expense |
(7.9 | ) | (7.1 | ) | (8.5 | ) | (9.8 | ) | (33.3 | ) | (32.7 | ) | (39.1 | ) | ||||||||||||||
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| Earnings before income taxes |
508.4 | 388.9 | 409.7 | 504.2 | 1,811.1 | 1,437.0 | 559.9 | |||||||||||||||||||||
| Income taxes |
160.8 | 126.5 | 129.9 | 145.9 | 563.1 | 488.7 | 168.4 | |||||||||||||||||||||
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| Net earnings including noncontrolling interest |
347.6 | 262.4 | 279.8 | 358.3 | 1,248.0 | 948.3 | 391.5 | |||||||||||||||||||||
| Net earnings attributable to noncontrolling interest |
1.0 | 0.8 | 0.7 | (0.2 | ) | 2.3 | 2.7 | 0.7 | ||||||||||||||||||||
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| Net earnings attributable to Starbucks |
346.6 | 261.6 | 279.1 | 358.5 | 1,245.7 | 945.6 | 390.8 | |||||||||||||||||||||
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