Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

Balance Sheet: Liabilities and Stockholders’ Equity 

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

Microsoft Excel
Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
Accounts payable 1,544,300 1,441,400 1,211,600 997,900 1,189,700 1,179,300
Accrued occupancy costs 86,700 84,600 107,100 76,900 176,900 164,200
Accrued dividends payable 651,200 608,300 578,100 485,700 445,400
Accrued capital and other operating expenditures 771,700 878,100 840,700 677,200 703,900 745,400
Insurance reserves 233,500 232,300 229,300 243,900 210,500 213,700
Income taxes payable 189,300 139,200 348,000 98,200 1,291,700 102,800
Accrued business taxes 212,700 194,600 218,000 162,700 176,700 183,800
Accrued liabilities 2,145,100 2,137,100 2,321,200 1,258,900 3,045,400 1,855,300
Accrued payroll and benefits 828,300 761,700 772,300 696,000 664,600 656,800
Current portion of operating lease liability 1,275,300 1,245,700 1,251,300 1,248,800
Stored value card liability and current portion of deferred revenue 1,700,200 1,641,900 1,596,100 1,456,500 1,269,000 1,642,900
Short-term debt 33,500 175,000 438,800
Current portion of long-term debt 1,818,600 1,749,000 998,900 1,249,900 349,900
Current liabilities 9,345,300 9,151,800 8,151,400 7,346,800 6,168,700 5,684,200
Long-term debt, excluding current portion 13,547,600 13,119,900 13,616,900 14,659,600 11,167,000 9,090,200
Operating lease liability, excluding current portion 7,924,800 7,515,200 7,738,000 7,661,700
Deferred revenue 6,101,800 6,279,700 6,463,000 6,598,500 6,744,400 6,775,700
Other long-term liabilities 513,800 610,500 737,800 907,300 1,370,500 1,430,500
Long-term liabilities 28,088,000 27,525,300 28,555,700 29,827,100 19,281,900 17,296,400
Total liabilities 37,433,300 36,677,100 36,707,100 37,173,900 25,450,600 22,980,600
Common stock; $0.001 par value 1,100 1,100 1,200 1,200 1,200 1,300
Additional paid-in capital 38,100 205,300 846,100 373,900 41,100 41,100
Retained earnings (deficit) (7,255,800) (8,449,800) (6,315,700) (7,815,600) (5,771,200) 1,457,400
Accumulated other comprehensive income (loss) (778,200) (463,200) 147,200 (364,600) (503,300) (330,300)
Shareholders’ equity (deficit) (7,994,800) (8,706,600) (5,321,200) (7,805,100) (6,232,200) 1,169,500
Noncontrolling interests 7,000 7,900 6,700 5,700 1,200 6,300
Total equity (deficit) (7,987,800) (8,698,700) (5,314,500) (7,799,400) (6,231,000) 1,175,800
Total liabilities and equity (deficit) 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).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Starbucks Corp. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Starbucks Corp. long-term liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Starbucks Corp. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Shareholders’ equity (deficit) Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Starbucks Corp. shareholders’ equity (deficit) decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.