Stock Analysis on Net
Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

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Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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

Microsoft Excel
Sep 29, 2024 Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019
Accounts payable
Accrued occupancy costs
Accrued dividends payable
Accrued capital and other operating expenditures
Insurance reserves
Income taxes payable
Accrued business taxes
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-K (reporting date: 2024-09-29), 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).

Accounts payable
The proportion of accounts payable relative to total liabilities and deficit declined significantly from 6.19% in 2019 to a low of 3.4% in 2020, followed by a gradual increase and relative stabilization around 5.1% to 5.2% in subsequent years through 2024.
Accrued occupancy costs
This item showed a decline from 0.92% in 2019 to 0.26% in 2020, and has since remained relatively steady between 0.26% and 0.34%, indicating stable occupancy cost accruals within total liabilities and deficit.
Accrued dividends payable
Starting at 2.53% in 2019, this ratio was missing for 2020 but rebounded to about 2.2% from 2022 through 2024, suggesting consistent dividend obligations in the most recent periods.
Accrued capital and other operating expenditures
This category decreased overall from 3.66% in 2019 to a low of 2.31% in 2020, but rose again to fluctuate around 2.6% to 3.1% thereafter, showing some variability but no clear trend beyond a moderate recovery post-2020.
Insurance reserves
Insurance reserves as a percentage of liabilities and deficit gradually declined from 1.1% in 2019 to 0.73% in 2021, then stabilized near 0.78% through 2024.
Income taxes payable
A sharp drop was observed from 6.72% in 2019 to 0.33% in 2020, followed by minor fluctuations but generally remaining below 1%, indicating substantially lower income tax liabilities relative to total liabilities and deficit since 2020.
Accrued business taxes
This ratio decreased from 0.92% in 2019 to 0.55% in 2020, then increased slightly to stabilize around 0.67% to 0.72% from 2021 onward.
Accrued liabilities
A significant drop occurred from 15.85% in 2019 to 4.29% in 2020, followed by an increase to around 7% and stable levels subsequently, indicating a reduction in accrued liabilities relative to total liabilities and deficit with partial recovery post-2020.
Accrued payroll and benefits
This ratio declined from 3.46% in 2019 to 2.37% in 2020, then increased slightly and remained in the 2.5% to 2.8% range through 2024, showing moderate stability.
Current portion of operating lease liability
Data absent in 2019; it rose rapidly to 4.25% in 2020, then varied modestly between 3.99% and 4.67% through 2024, indicating a stable share of current lease liabilities.
Stored value card liability and current portion of deferred revenue
This ratio fell sharply from 6.6% in 2019 to 4.96% in 2020, then increased steadily to about 5.7% through 2024, marking a partial recovery.
Short-term debt
Recorded at 1.49% in 2020 and 0.63% in 2022, it was otherwise mostly missing or negligible, suggesting a limited role of short-term debt within the liabilities during these years.
Current portion of long-term debt
Absent in 2019, this liability rose from 3.18% in 2021 to a peak of 6.25% in 2022, then declined to 3.99% in 2024, indicating fluctuating yet significant short-term obligations of long-term debt.
Current liabilities
Current liabilities decreased from 32.1% in 2019 to 25% in 2020, then rose sharply to 32.7% in 2022 before moderately declining to 28.94% in 2024, revealing some volatility in current obligations relative to total liabilities and deficit.
Long-term debt, excluding current portion
This liability component steadily declined from 58.1% in 2019 to about 45.7% in 2024, indicating a gradual reduction in long-term debt burden over the period.
Operating lease liability, excluding current portion
Not reported in 2019; it decreased slightly from 26.08% in 2020 to 24.65% in 2021, then increased steadily to 27.99% in 2024, reflecting growing long-term lease obligations.
Deferred revenue
Marked decrease from 35.09% in 2019 to 19.03% in 2024, with a sharp decline in 2020 and gradual reduction thereafter. This indicates less reliance on deferred revenue within overall liabilities and deficit across the timeframe.
Other long-term liabilities
This category declined from 7.13% in 2019 to a low of 1.74% in 2023 before a slight rebound to 2.09% in 2024, showing a reduction and limited resurgence of other long-term obligations.
Long-term liabilities
Fluctuated markedly: 100.32% in 2019, peaked at 101.54% in 2020, then declined to 94.8% in 2024. This indicates overall long-term liabilities comprised nearly all total liabilities and deficit but showed a downward trend after 2020.
Total liabilities
Total liabilities decreased from 132.42% in 2019 to 116.93% in 2021, then rose again close to 131.09% in 2022 before gradually falling to 123.75% in 2024. These values exceeding 100% reflect leverage compared to equity components, with fluctuations in magnitude.
Common stock; $0.001 par value
Marginal or zero representation throughout the period, indicating a negligible portion of liabilities and deficit.
Additional paid-in capital
Increased from 0.21% in 2019 to 2.7% in 2021, then declined sharply to 0.13% in 2023 with a modest recovery to 1.03% in 2024, reflecting changing equity contributions over time.
Retained deficit
Improved consistently from a negative 30.03% in 2019 to negative 20.12% in 2021, followed by a decline back to approximately negative 23.43% by 2024, implying some recovery in retained earnings but persistent deficits.
Accumulated other comprehensive income (loss)
This item improved from a negative 2.62% in 2019 to a positive 0.47% in 2021, then deteriorated back to negative 1.37% in 2024, showing volatility in comprehensive income components.
Shareholders’ deficit
Reduced in absolute deficit from negative 32.43% in 2019 to negative 16.95% in 2021, then increased again to negative 27.15% in 2023 with some improvement to negative 23.77% in 2024, indicating fluctuations in net equity position.
Noncontrolling interests
Remained very low and stable, around 0.01% to 0.03%, showing negligible impact on overall capital structure.
Total deficit
Moved in line with shareholders’ deficit, improving from negative 32.42% in 2019 to negative 16.93% in 2021, then worsening to negative 31.09% in 2022 before partial recovery to negative 23.75% in 2024.
Total liabilities and deficit
Constantly normalized to 100%, serving as the base for all percentage comparisons.