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Starbucks 2020 Financial Info-1

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Item 6.

Selected Financial Data


The following selected financial data is derived from the consolidated financial statements. The data below should be read in conjunction with “Management’s
Discussion and Analysis of Financial Condition and Results of Operations,” “Risk Factors,” and the consolidated financial statements and notes.
Financial Information (in millions, except per share data):
Sept 27, Sept 29, Sept 30, Oct 1, Oct 2,
2020 2019 2018 2017 2016
As of and for the Fiscal Year Ended(1) (52 Wks) (52 Wks) (52 Wks) (52 Wks) (53 Wks)
Results of Operations
Net revenues:
Company-operated stores $ 19,164.6 $ 21,544.4 $ 19,690.3 $ 17,650.7 $ 16,844.1
Licensed stores 2,327.1 2,875.0 2,652.2 2,355.0 2,154.2
Other 2,026.3 2,089.2 2,377.0 2,381.1 2,317.6
Total net revenues $ 23,518.0 $ 26,508.6 $ 24,719.5 $ 22,386.8 $ 21,315.9
Operating income $ 1,561.7 $ 4,077.9 $ 3,883.3 $ 4,134.7 $ 4,171.9
Net earnings including noncontrolling interests(2) 924.7 3,594.6 4,518.0 2,884.9 2,818.9
Net earnings/(loss) attributable to noncontrolling interests (3.6) (4.6) (0.3) 0.2 1.2
Net earnings attributable to Starbucks(2) 928.3 3,599.2 4,518.3 2,884.7 2,817.7
EPS — diluted(2) 0.79 2.92 3.24 1.97 1.90
Cash dividends declared per share(3) 1.23 1.49 1.32 1.05 0.85
Net cash provided by operating activities(4) 1,597.8 5,047.0 11,937.8 4,251.8 4,697.9
Capital expenditures (additions to property, plant and equipment) 1,483.6 1,806.6 1,976.4 1,519.4 1,440.3
Balance Sheet
Total assets $ 29,374.5 $ 19,219.6 $ 24,156.4 $ 14,365.6 $ 14,312.5
Long-term debt (including current portion) 15,909.5 11,167.0 9,440.1 3,932.6 3,585.2
Shareholders’ equity/(deficit) (7,805.1) (6,232.2) 1,169.5 5,450.1 5,884.0
(1) Our fiscal year ends on the Sunday closest to September 30. The fiscal year ending on October 2, 2016 included 53 weeks, with the 53rd week falling in our
fourth fiscal quarter.
(2) Fiscal 2018 results include a gain not subject to income tax of $1.4 billion resulting from the acquisition of our East China joint venture. The impact of the
gain to our diluted EPS was $0.99.
(3) Subsequent to our year-end, on September 30, 2020, we declared a cash dividend of $0.45 per share payable on November 27, 2020 to shareholders of record
on November 12, 2020.
(4) Net cash provided by operating activities for fiscal 2016 and fiscal 2017 has been adjusted for the adoption of new accounting guidance related to excess tax
benefits as discussed in Note 1, Summary of Significant Accounting Policies.

Starbucks Corporation 2020 Form 10-K 22

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