Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

Balance Sheet: Assets 

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.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Starbucks Corp., consolidated balance sheet: assets

US$ in thousands

Microsoft Excel
Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Cash and cash equivalents 3,551,500 2,818,400 6,455,700 4,350,900 2,686,600 8,756,300
Short-term investments 401,500 364,500 162,200 281,200 70,500 181,500
Accounts receivable, net 1,184,100 1,175,500 940,000 883,400 879,200 693,100
Inventories 1,806,400 2,176,600 1,603,900 1,551,400 1,529,400 1,400,500
Prepaid expenses and other current assets 359,900 483,700 594,600 739,500 488,200 1,462,800
Current assets 7,303,400 7,018,700 9,756,400 7,806,400 5,653,900 12,494,200
Long-term investments 247,400 279,100 281,700 206,100 220,000 267,700
Equity method investments 415,700 283,100 216,000 426,400 336,100 296,000
Other investments 24,200 28,100 52,500 52,300 59,900 38,700
Equity investments 439,900 311,200 268,500 478,700 396,000 334,700
Property, plant and equipment, net 7,387,100 6,560,500 6,369,500 6,241,400 6,431,700 5,929,100
Operating lease, right-of-use asset 8,412,600 8,015,600 8,236,000 8,134,100
Deferred income taxes, net 1,769,800 1,799,700 1,874,800 1,789,900 1,765,800 134,700
Other long-term assets 546,500 554,200 578,500 568,600 479,600 412,200
Other intangible assets 120,500 155,900 349,900 552,100 781,800 1,042,200
Goodwill 3,218,300 3,283,500 3,677,300 3,597,200 3,490,800 3,541,600
Long-term assets 22,142,100 20,959,700 21,636,200 21,568,100 13,565,700 11,662,200
Total assets 29,445,500 27,978,400 31,392,600 29,374,500 19,219,600 24,156,400

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Starbucks Corp. current assets decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Starbucks Corp. property, plant and equipment, net increased from 2021 to 2022 and from 2022 to 2023.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Starbucks Corp. long-term assets decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Starbucks Corp. total assets decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Starbucks Corp. cash and cash equivalents decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Starbucks Corp. short-term investments increased from 2021 to 2022 and from 2022 to 2023.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Starbucks Corp. accounts receivable, net increased from 2021 to 2022 and from 2022 to 2023.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Starbucks Corp. inventories increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.