Stock Analysis on Net
Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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 (quarterly data)

US$ in thousands

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Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014 Sep 28, 2014 Jun 29, 2014 Mar 30, 2014 Dec 29, 2013
Cash and cash equivalents 2,572,300  3,040,500  2,686,600  4,763,300  2,055,100  4,761,600  8,756,300  1,892,100  2,142,000  3,661,400  2,462,300  2,716,200  2,163,900  2,034,600  2,128,800  2,141,800  1,294,400  2,263,500  1,530,100  2,080,500  1,750,400  1,857,000  1,708,400  1,019,400  1,190,300  1,545,800 
Short-term investments 52,900  68,400  70,500  72,100  76,600  230,200  181,500  84,500  100,500  106,600  228,600  289,900  231,000  140,800  134,400  174,500  123,200  116,400  81,300  94,700  99,400  96,100  135,400  176,900  299,200  157,000 
Accounts receivable, net 941,000  908,100  879,200  790,600  703,600  721,400  693,100  854,800  869,600  851,800  870,400  791,100  791,000  865,100  768,800  747,300  743,700  764,400  719,000  672,700  655,600  664,900  631,000  580,900  590,000  589,800 
Inventories 1,492,200  1,408,700  1,529,400  1,517,200  1,443,000  1,354,600  1,400,500  1,387,400  1,375,900  1,313,200  1,364,000  1,357,300  1,323,600  1,218,700  1,378,500  1,325,100  1,293,100  1,242,600  1,306,400  1,166,000  1,061,100  1,018,300  1,090,900  1,025,800  954,700  943,300 
Prepaid expenses and other current assets 691,500  474,000  488,200  591,600  674,000  608,500  1,462,800  1,364,600  1,169,000  950,500  358,100  354,800  409,900  357,000  350,000  467,500  429,100  340,800  334,200  413,800  355,100  600,500  285,600  289,400  286,100  271,100 
Deferred income taxes, net —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  381,700  333,000  323,800  309,300  317,400  264,500  258,700  252,400 
Current assets 5,749,900  5,899,700  5,653,900  7,734,800  4,952,300  7,676,300  12,494,200  5,583,400  5,657,000  6,883,500  5,283,400  5,509,300  4,919,400  4,616,200  4,760,500  4,856,200  3,883,500  4,727,700  4,352,700  4,760,700  4,245,400  4,546,100  4,168,700  3,356,900  3,579,000  3,759,400 
Long-term investments 198,800  199,800  220,000  222,600  251,900  265,000  267,700  261,400  293,100  363,500  542,300  708,300  1,070,100  1,278,300  1,141,700  819,500  605,000  366,900  312,500  390,100  325,100  307,500  318,400  832,700  449,800  480,000 
Equity investments 420,900  411,300  396,000  340,300  309,300  336,100  334,700  323,400  297,600  287,600  481,600  430,200  391,200  373,700  354,500  352,600  332,400  289,600  352,000  359,400  337,000  320,900  514,900  541,500  512,800  489,300 
Property, plant and equipment, net 6,387,000  6,390,900  6,431,700  6,187,800  6,135,500  6,039,300  5,929,100  5,689,600  5,576,800  5,378,700  4,919,500  4,699,800  4,564,500  4,478,500  4,533,800  4,359,200  4,246,900  4,122,500  4,088,300  3,977,700  3,897,700  3,822,300  3,519,000  3,373,700  3,278,100  3,233,000 
Operating lease, right-of-use asset 8,260,800  8,358,500  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Deferred income taxes, net 1,709,700  1,731,400  1,765,800  1,533,000  1,006,600  650,000  134,700  149,100  165,300  157,900  795,400  805,900  811,200  806,100  885,400  822,800  910,200  938,500  828,900  851,200  851,100  831,700  903,300  947,100  943,400  949,000 
Other long-term assets 580,100  484,700  479,600  458,000  464,500  472,700  412,200  404,700  541,800  526,300  362,800  365,300  368,000  394,900  417,700  391,100  401,200  416,900  415,900  443,300  395,200  382,200  198,900  193,000  195,900  205,800 
Other intangible assets 678,700  739,100  781,800  853,200  918,300  981,600  1,042,200  1,122,900  1,228,400  1,246,200  441,400  454,800  467,700  470,600  516,300  526,700  515,200  509,100  520,400  525,800  547,000  555,500  273,500  278,700  277,200  276,100 
Goodwill 3,493,000  3,515,900  3,490,800  3,564,700  3,603,500  3,560,300  3,541,600  3,647,600  3,793,500  3,674,800  1,539,200  1,549,100  1,635,800  1,599,000  1,719,600  1,705,100  1,625,000  1,572,300  1,575,400  1,560,600  1,592,200  1,584,900  856,200  861,700  860,800  862,600 
Long-term assets 21,729,000  21,831,600  13,565,700  13,159,600  12,689,600  12,305,000  11,662,200  11,598,700  11,896,500  11,635,000  9,082,200  9,013,400  9,308,500  9,401,100  9,569,000  8,977,000  8,635,900  8,215,800  8,093,400  8,108,100  7,945,300  7,805,000  6,584,200  7,028,400  6,518,000  6,495,800 
Total assets 27,478,900  27,731,300  19,219,600  20,894,400  17,641,900  19,981,300  24,156,400  17,182,100  17,553,500  18,518,500  14,365,600  14,522,700  14,227,900  14,017,300  14,329,500  13,833,200  12,519,400  12,943,500  12,446,100  12,868,800  12,190,700  12,351,100  10,752,900  10,385,300  10,097,000  10,255,200 

Based on: 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27), 10-K (filing date: 2014-11-14), 10-Q (filing date: 2014-07-29), 10-Q (filing date: 2014-04-29), 10-Q (filing date: 2014-01-28).


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.’s current assets increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
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.’s property, plant and equipment, net decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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.’s long-term assets increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020.
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.’s total assets increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020.

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.’s cash and cash equivalents increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
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.’s short-term investments decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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.’s accounts receivable, net increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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.’s inventories decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.