Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Starbucks Corp., consolidated cash flow statement

US$ in thousands

12 months ended:	Oct 1, 2023	Oct 2, 2022	Oct 3, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Net earnings including noncontrolling interests	4,124,700)	3,283,400)	4,200,300)	924,700)	3,594,600)	4,518,000)
Depreciation and amortization	1,450,300)	1,529,400)	1,524,100)	1,503,200)	1,449,300)	1,305,900)
Deferred income taxes, net	(59,400)	(37,800)	(146,200)	(25,800)	(1,495,400)	714,900)
Income earned from equity method investees	(301,800)	(268,700)	(347,300)	(280,700)	(250,600)	(242,800)
Distributions received from equity method investees	222,800)	231,200)	336,000)	227,700)	216,800)	226,800)
Gain on sale of assets	(91,300)	—)	—)	—)	—)	—)
Gain resulting from acquisition of joint venture	—)	—)	—)	—)	—)	(1,376,400)
Net gain resulting from divestiture of certain operations	—)	—)	(864,500)	—)	(622,800)	(499,200)
Stock-based compensation	302,700)	271,500)	319,100)	248,600)	308,000)	250,300)
Goodwill impairments	—)	—)	—)	—)	10,500)	37,600)
Non-cash lease cost	1,365,900)	1,497,700)	1,248,600)	1,197,600)	—)	—)
Loss on retirement and impairment of assets	101,400)	91,400)	226,200)	454,400)	142,600)	75,600)
Other	26,800)	(67,800)	(6,000)	24,500)	45,300)	13,400)
Accounts receivable	(4,100)	(326,100)	(43,000)	(2,700)	(197,700)	131,000)
Inventories	366,400)	(641,000)	(49,800)	(10,900)	(173,000)	(41,200)
Income taxes payable	52,500)	(149,600)	286,100)	(1,214,600)	1,237,100)	146,000)
Accounts payable	100,100)	345,500)	189,900)	(210,800)	31,900)	391,600)
Deferred revenue	(110,800)	(75,800)	(6,100)	31,000)	(30,500)	7,109,400)
Operating lease liability	(1,443,800)	(1,625,600)	(1,488,100)	(1,231,400)	—)	—)
Other operating assets and liabilities	(93,700)	339,600)	609,800)	(37,000)	780,900)	(823,100)
Cash provided by (used in) changes in operating assets and liabilities	(1,133,400)	(2,133,000)	(501,200)	(2,676,400)	1,648,700)	6,913,700)
Adjustments to reconcile net earnings to net cash provided by operating activities	1,884,000)	1,113,900)	1,788,800)	673,100)	1,452,400)	7,419,800)
Net cash provided by operating activities	6,008,700)	4,397,300)	5,989,100)	1,597,800)	5,047,000)	11,937,800)
Purchases of investments	(610,500)	(377,900)	(432,000)	(443,900)	(190,400)	(191,900)
Sales of investments	2,500)	72,600)	143,200)	186,700)	298,300)	459,000)
Maturities and calls of investments	616,900)	67,300)	345,500)	73,700)	59,800)	45,300)
Acquisitions, net of cash acquired	—)	—)	—)	—)	—)	(1,311,300)
Additions to property, plant and equipment	(2,333,600)	(1,841,300)	(1,470,000)	(1,483,600)	(1,806,600)	(1,976,400)
Proceeds from sale of assets	110,000)	—)	—)	—)	—)	—)
Net proceeds from the divestiture of certain operations	—)	59,300)	1,175,000)	—)	684,300)	608,200)
Other	(56,100)	(126,300)	(81,200)	(44,400)	(56,200)	5,600)
Net cash used in investing activities	(2,270,800)	(2,146,300)	(319,500)	(1,711,500)	(1,010,800)	(2,361,500)
Net proceeds from issuance (payments) of commercial paper	(175,000)	175,000)	(296,500)	—)	—)	—)
Net proceeds from issuance of short-term debt	114,600)	36,600)	215,100)	1,406,600)	—)	—)
Repayments of short-term debt	(78,800)	(36,600)	(349,800)	(967,700)	—)	—)
Net proceeds from issuance of long-term debt	1,497,800)	1,498,100)	—)	4,727,600)	1,996,000)	5,584,100)
Repayments of long-term debt	(1,000,000)	(1,000,000)	(1,250,000)	—)	(350,000)	—)
Proceeds from issuance of common stock	167,400)	101,600)	246,200)	298,800)	409,800)	153,900)
Cash dividends paid	(2,431,800)	(2,263,300)	(2,119,000)	(1,923,500)	(1,761,300)	(1,743,400)
Repurchase of common stock	(984,400)	(4,013,000)	—)	(1,698,900)	(10,222,300)	(7,133,500)
Minimum tax withholdings on share-based awards	(89,300)	(127,200)	(97,000)	(91,900)	(111,600)	(62,700)
Other	(11,100)	(9,200)	—)	(37,700)	(17,500)	(41,200)
Net cash provided by (used in) financing activities	(2,990,600)	(5,638,000)	(3,651,000)	1,713,300)	(10,056,900)	(3,242,800)
Effect of exchange rate changes on cash and cash equivalents	(14,200)	(250,300)	86,200)	64,700)	(49,000)	(39,500)
Net increase (decrease) in cash and cash equivalents	733,100)	(3,637,300)	2,104,800)	1,664,300)	(6,069,700)	6,294,000)
Cash and cash equivalents, beginning of period	2,818,400)	6,455,700)	4,350,900)	2,686,600)	8,756,300)	2,462,300)
Cash and cash equivalents, end of period	3,551,500)	2,818,400)	6,455,700)	4,350,900)	2,686,600)	8,756,300)

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Starbucks Corp. net cash provided by operating activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Starbucks Corp. net cash used in investing activities decreased from 2021 to 2022 and from 2022 to 2023.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Starbucks Corp. net cash provided by (used in) financing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Starbucks Corp. (NASDAQ:SBUX)

Cash Flow Statement