Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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

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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 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018
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
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: 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), 10-K (reporting date: 2019-09-29), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-30).


Current Liabilities
Current liabilities as a percentage of total liabilities and deficit show a general fluctuation over the periods, peaking around 32.71% in Q3 2022 and maintaining levels near 30% towards the end of 2024 and early 2025. Notably, the proportion was higher in 2019 and then dipped to the low twenties during parts of 2020 and early 2021, possibly reflecting changes in working capital or operational adjustments.
Long-Term Debt and Operating Lease Liabilities
The long-term debt (excluding current portion) varied considerably, with a high around 58.1% in Q3 2019, followed by a decline to approximately 42% by early 2025. Operating lease liabilities (excluding current portion) remained relatively stable, fluctuating around 26-28%. This indicates a steady reliance on leasing arrangements with minor variations, while long-term debt showed a downward trend over the longer term.
Current Portion of Debt and Lease Liabilities
The current portion of long-term debt generally maintained levels between 2.5% and 7%, with some peaks notably in Q2 2022 and Q1 2023. Short-term debt, although more volatile, generally remained below 2%, with intermittent spikes suggesting temporary financing adjustments. Current lease liabilities sustained a fairly stable proportion close to 4-5% throughout the periods.
Accounts Payable and Accrued Liabilities
Accounts payable declined from above 6% in early 2019 to a low around 2.95% in mid-2020 before trending upward to roughly 6% by Q1 2025. Accrued liabilities showed a sharp decline from mid-2019's peak above 16% to around 4-7% in the subsequent years, stabilizing near 6-8%. Accrued payroll and benefits emerged as a stable smaller component from 2019 onward, generally around 2-3%.
Deferred Revenue and Stored Value Card Liabilities
Deferred revenue mostly decreased over time from a high of 38.33% in early 2019 to under 19% by early 2025, denoting a reduction in advance income or obligations recorded as deferred revenue. Stored value card liability followed a less pronounced but similarly downward trend, fluctuating between 4.9% and 7.5%, with occasional rises.
Other Liabilities and Noncontrolling Interests
Other long-term liabilities consistently represented a small portion, around 1.6-3.2%. Noncontrolling interests were negligible, maintaining near zero with slight positive or negative variances.
Equity and Deficit Components
Shareholders' deficit remained significantly negative throughout the periods, fluctuating between -14% and -32%, indicating persistent accumulated losses and deficit positions. Retained deficit trends closely followed this pattern, while accumulated other comprehensive income/loss revealed volatility, including transitions from negative values around -1.7% up to positive territory near 0.9%, then returning negative in later periods.
Total Liabilities and Deficit
Total liabilities consistently exceeded 120% of total liabilities and deficit, peaking near 132% around late 2019 and gradually decreasing to about 124% by early 2025. This reflects a liability structure dominated by long-term debt and deferred revenue, and a substantial deficit impacting the equity portion negatively.