Stock Analysis on Net
Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Starbucks Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Jun 28, 2026 Mar 29, 2026 Dec 28, 2025 Sep 28, 2025 Jun 29, 2025 Mar 30, 2025 Dec 29, 2024 Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Jan 1, 2023 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Jan 2, 2022 Oct 3, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019
Accounts payable
Accrued liabilities
Accrued payroll and benefits
Current portion of operating lease liability
Stored value card liability and current portion of deferred revenue
Short-term debt
Current portion of long-term debt
Liabilities held for sale
Current liabilities
Long-term debt, excluding current portion
Operating lease liability, excluding current portion
Deferred revenue
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock; $0.001 par value
Additional paid-in capital
Retained deficit
Accumulated other comprehensive income (loss)
Shareholders’ deficit
Noncontrolling interests
Total deficit
Total liabilities and deficit

Based on: 10-Q (reporting date: 2026-06-28), 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-Q (reporting date: 2023-01-01), 10-K (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-Q (reporting date: 2022-01-02), 10-K (reporting date: 2021-10-03), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29).


The financial data indicates a period of significant fluctuation in total liabilities and a persistent deficit in shareholders' equity. Total liabilities grew from approximately 34.49 billion USD in December 2019 to a peak of 41.33 billion USD in June 2024, before contracting to 35.96 billion USD by June 2026. This trajectory suggests a cycle of increased borrowing and obligation accumulation followed by a period of deleveraging.

Debt Obligations and Long-Term Liabilities
Long-term debt, excluding the current portion, exhibited a marked increase from 10.65 billion USD in late 2019 to a peak of 15.55 billion USD in early 2024. Following this peak, a consistent reduction is observed, bringing the balance down to 11.78 billion USD by June 2026. The current portion of long-term debt also shows volatility, peaking at 2.75 billion USD in June 2024, which aligns with the broader trend of debt expansion and subsequent repayment.
Operational Liabilities and Short-Term Obligations
Current liabilities demonstrate a general upward trend, rising from 8.68 billion USD in December 2019 to a high of 11.49 billion USD in March 2025. This growth is driven largely by increases in accounts payable, which rose from 1.09 billion USD to 1.78 billion USD over the analyzed period. Accrued liabilities remained volatile, experiencing a sharp decline during the first half of 2020 before rebounding and eventually reaching 2.69 billion USD by June 2026.
Deferred Revenue and Stored Value Trends
A steady downward trend is observed in long-term deferred revenue, decreasing from 6.75 billion USD in December 2019 to 5.63 billion USD in June 2026. In contrast, stored value card liabilities and the current portion of deferred revenue fluctuated between 1.43 billion USD and 2.25 billion USD, suggesting periodic surges in consumer pre-payments that did not translate into long-term deferred growth.
Equity Structure and Total Deficit
The capital structure is characterized by a persistent shareholders' deficit throughout the entire reporting period. The retained deficit deepened from 6.41 billion USD in December 2019 to a peak of 8.88 billion USD in March 2026, ending at 8.54 billion USD in June 2026. The total deficit remained consistently negative, oscillating between 5.31 billion USD and 8.62 billion USD, indicating that total liabilities consistently exceeded total assets over the observed timeframe.
Lease Obligations
Operating lease liabilities remained relatively stable compared to other debt instruments. The long-term portion of lease liabilities grew modestly from 7.71 billion USD in 2019 to a peak of 9.07 billion USD in June 2024, before settling at 7.88 billion USD by June 2026. The current portion of these liabilities remained tight, generally fluctuating between 1.21 billion USD and 1.56 billion USD.

The overall analysis reveals a strategic shift toward reducing long-term debt in the latter part of the period, although this was offset by an increase in accrued operational liabilities. The sustained negative equity position suggests a reliance on debt financing or significant returns of capital to shareholders that exceeded retained earnings.