Attached files
| file | filename |
|---|---|
| 10-K - 10-K - STARBUCKS CORP | sbux-1012017x10xk.htm |
| EX-10.25 - EXHIBIT 10.25 - STARBUCKS CORP | sbux-1012017xexhibit1025.htm |
| EX-31.1 - EXHIBIT 31.1 - STARBUCKS CORP | sbux-1012017xexhibit311.htm |
| EX-10.24 - EXHIBIT 10.24 - STARBUCKS CORP | sbux-1012017xexhibit1024.htm |
| EX-32 - EXHIBIT 32 - STARBUCKS CORP | sbux-1012017xexhibit32.htm |
| EX-23 - EXHIBIT 23 - STARBUCKS CORP | sbux-1012017xexhibit23.htm |
| EX-21 - EXHIBIT 21 - STARBUCKS CORP | sbux-1012017xexhibit21.htm |
| EX-31.2 - EXHIBIT 31.2 - STARBUCKS CORP | sbux-1012017xexhibit312.htm |
| EX-10.26 - EXHIBIT 10.26 - STARBUCKS CORP | sbux-1012017xexhibit1026.htm |
EXHIBIT 12
Starbucks Corporation
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
Oct 1, 2017 | Oct 2, 2016 | Sep 27, 2015 | Sep 28, 2014 | Sep 29, 2013 | ||||||||||||||||
Fiscal year ended | ||||||||||||||||||||
Earnings/(loss)(1) | $ | 4,317.5 | $ | 4,198.6 | $ | 3,903.0 | $ | 3,159.7 | $ | (229.9 | ) | |||||||||
Income from equity investees | (391.4 | ) | (318.2 | ) | (249.9 | ) | (268.3 | ) | (251.4 | ) | ||||||||||
Distributed income from equity investees | 186.6 | 223.3 | 148.2 | 139.2 | 115.6 | |||||||||||||||
Amortization of capitalized interest | 4.1 | 4.4 | 4.1 | 3.6 | 2.6 | |||||||||||||||
Fixed charges, excluding capitalized interest | 477.5 | 366.2 | 326.5 | 310.1 | 237.7 | |||||||||||||||
Total earnings/(loss) available for fixed charges | $ | 4,594.3 | $ | 4,474.3 | $ | 4,131.9 | $ | 3,344.3 | $ | (125.4 | ) | |||||||||
Fixed charges: | ||||||||||||||||||||
Interest and debt expense(2) | $ | 93.6 | $ | 82.2 | $ | 74.2 | $ | 70.2 | $ | 38.5 | ||||||||||
Interest portion of rental expense | 385.0 | 285.0 | 256.0 | 246 | 209.6 | |||||||||||||||
Total fixed charges | $ | 478.6 | $ | 367.2 | $ | 330.2 | $ | 316.2 | $ | 248.1 | ||||||||||
Ratio of earnings to fixed charges(3) | 9.6 | 12.2 | 12.5 | 10.6 | — | |||||||||||||||
(1) Earnings/(loss) represents income/(loss) from continuing operations before income taxes.
(2) Includes amortization of debt-related expenses and interest capitalized during the period. Excludes interest on uncertain tax positions, which is recorded in income tax expense/(benefit) in the consolidated statements of earnings.
(3) For the fiscal year ended September 29, 2013, our earnings were insufficient to cover fixed charges by $373.5 million.