Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
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- Statement of Comprehensive Income
- Common-Size Income Statement
- Enterprise Value (EV)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
- Aggregate Accruals
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Starbucks Corp., consolidated cash flow statement (quarterly data)
US$ in thousands
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).
- Net Earnings (Loss) Including Noncontrolling Interests
- The net earnings exhibit considerable fluctuation across the periods. There was a notable decline during early 2020, coinciding with a negative result in the June 28, 2020 quarter. After this trough, a recovery trend began, with earnings generally increasing into 2023. However, the most recent data for March 30, 2025, indicates a sharp decrease again, suggesting volatility in profitability.
- Depreciation and Amortization
- This expense has remained relatively stable with a slight upward trend over the full timespan analyzed. The values demonstrate ongoing asset usage and amortization consistent with capital intensity, with modest increases likely reflecting asset additions or capital expenditure maintenance.
- Deferred Income Taxes, Net
- Deferred tax balances show considerable variability, oscillating between negative and positive values without a clear directional trend. This suggests fluctuating temporary differences between book and tax accounting, potentially influenced by varying tax regulations or income recognition changes over time.
- Income Earned from Equity Method Investees, Net / Distributions Received from Equity Method Investees
- Income earned from equity method investees has generally been negative or fluctuating, indicating possible losses or decreased earnings in associated entities. Distributions received, however, show a less consistent pattern but generally higher positive values, suggesting cash flow received despite equity income volatility.
- Stock-Based Compensation
- Stock-based compensation expenses display variability but remain within a moderate range, indicating consistent use of equity incentives as part of compensation. Spikes in some quarters may reflect specific equity grant activities or changes in valuation methods.
- Non-Cash Lease Costs
- From around late 2019 onwards, non-cash lease costs have risen substantially, peaking during 2023. This indicates increased lease liabilities on the balance sheet and augmented lease expense recognition, possibly correlating with new leasing arrangements or accounting standard updates.
- Loss on Retirement and Impairment of Assets
- There are intermittent spikes in asset impairment and retirement losses, notably in mid-2020 and late 2022. These events indicate periods of asset write-downs or disposals impacting financial performance negatively, possibly due to restructuring or asset obsolescence.
- Working Capital Elements (Accounts Receivable, Inventories, Accounts Payable)
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Accounts receivable and inventories fluctuate significantly, reflecting changes in sales volume, customer payment patterns, and inventory management effectiveness. The inventory levels show some extreme variations, including a pronounced negative value in early 2022, indicating possible inventory reductions or write-offs. Accounts payable levels also demonstrate volatility, indicating changing supplier payment terms or purchasing patterns.
- Deferred Revenue and Operating Lease Liability
- Deferred revenue presents wide fluctuations, moving between positive and negative extremes, suggesting inconsistent timing of revenue recognition or changes in contract terms. Operating lease liabilities have generally increased over time, in line with higher lease obligations, consistent with the rise in non-cash lease costs previously noted.
- Operating Cash Flow and Reconciliation Adjustments
- Net cash provided by operating activities follows a generally increasing trajectory after a dip in 2020, reflecting improved operational cash generation. The adjustments to reconcile net earnings to operating cash flow reveal large negative and positive swings, indicating significant non-cash items and working capital impacts influencing cash flows.
- Investing Activities
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Capital expenditures demonstrate consistent and substantial investment in property, plant, and equipment, with increases during certain periods, notably in 2021 and 2023. Investment purchases and sales also vary considerably, reflecting active portfolio management. There are significant divestiture proceeds in earlier periods, indicating strategic asset sales. Overall, net cash used in investing activities is consistently negative, reflecting ongoing investment commitments.
- Financing Activities
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Financing activities exhibit large swings including significant repurchases of common stock in the earlier periods, substantially decreasing in the later years. Issuances and repayments of various debt instruments fluctuate markedly, with notable long-term debt issuances in some years followed by repayments. The company has also maintained regular dividend payments, with a gradual increase over time. The variability in financing cash flows points to active capital structure management responding to operational and market conditions.
- Effect of Exchange Rate Changes on Cash and Cash Equivalents
- The exchange rate impact on cash is volatile, showing both material positive and negative effects intermittently. This reflects currency fluctuations influencing reported cash balances in the company’s international operations.
- Net Increase (Decrease) in Cash and Cash Equivalents
- Cash flow changes demonstrate significant volatility with notable decreases during crisis periods (e.g., early 2020) followed by recovery phases. Recently, net cash changes have been less volatile but still exhibit frequent swings, indicating active cash management in response to operational needs and financing events.