Stock Analysis on Net
Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

Cash Flow Statement
Quarterly Data

Beginner level

The cash flow statement provides information about a company’s 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’s 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.

Starbucks Corp., consolidated cash flow statement (quarterly data)

US$ in thousands

Microsoft Excel LibreOffice Calc
3 months ended: Jun 28, 2020 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
Net earnings (loss) including noncontrolling interests (678,100) 324,800  885,300  802,400  1,373,200  658,600  760,400  756,100  852,000  659,800  2,250,100  789,400  690,900  653,100  751,500  801,700  754,600  574,900  687,700  652,500  626,400  495,900  984,500  587,500  512,600  426,900  540,700 
Depreciation and amortization 377,100  377,700  369,200  365,700  360,100  372,700  350,800  344,400  343,900  345,200  272,400  270,700  266,600  266,600  263,200  261,900  258,900  262,000  247,300  240,500  249,100  227,900  216,300  194,400  189,800  184,100  180,100 
Deferred income taxes, net (27,700) 37,300  10,400  (251,900) (529,000) (359,900) (354,600) (48,800) 31,100  (12,200) 744,800  20,000  12,300  6,400  56,400  (79,000) 84,500  35,000  225,200  (22,900) (15,900) (40,000) 100,000  (21,900) (4,000) 400  35,700 
Income earned from equity method investees (66,000) (53,400) (62,900) (76,500) (65,900) (53,200) (55,000) (75,600) (59,800) (41,200) (66,200) (100,100) (80,700) (64,100) (65,300) (84,700) (69,000) (49,500) (47,000) (66,900) (46,400) (41,300) (35,600) (62,500) (51,200) (39,300) (29,700)
Distributions received from equity method investees 67,500  33,800  64,300  53,100  70,400  29,600  63,700  55,100  27,400  63,000  81,300  53,400  39,100  55,000  39,100  83,900  36,600  33,500  69,300  63,900  26,400  22,100  35,800  56,300  34,700  20,900  27,300 
Gain resulting from acquisition of joint venture —  —  —  —  —  —  —  —  (2,500) (47,600) (1,326,300) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Net gain resulting from divestiture of certain retail operations —  —  —  —  (601,800) (21,000) —  (2,900) —  4,900  (501,200) (83,900) —  (9,600) —  24,600  (30,100) —  (600) (3,700) —  —  (390,600) (70,200) —  —  — 
Loss on extinguishment of debt —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  61,100  —  —  —  —  —  —  — 
Stock-based compensation 41,400  56,300  90,300  52,600  63,300  94,800  97,300  65,300  68,500  55,100  61,400  27,300  43,800  49,900  55,000  59,700  49,800  51,300  57,300  53,600  52,000  52,300  51,900  40,600  51,000  43,800  47,800 
Goodwill impairments —  —  —  —  5,100  5,400  —  9,100  —  28,500  —  —  87,200  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Non-cash lease costs 306,100  301,400  294,900  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Loss on retirement and impairment of assets 124,600  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Excess tax benefit on share-based awards —  —  —  —  —  —  —  —  —  —  —  (8,100) (16,700) (18,600) (34,100) (11,900) (21,600) (22,100) (67,200) (34,500) (19,900) (24,700) (53,300) (12,800) (14,300) (14,700) (72,600)
Other (4,000) 62,600  5,100  65,600  31,200  85,000  6,100  62,300  25,400  (2,000) 3,300  40,700  39,600  (20,700) 9,300  4,300  16,300  6,500  18,000  12,000  14,100  19,200  8,500  2,700  22,100  10,700  700 
Accounts receivable 74,100  (37,800) (22,900) (127,600) (79,900) 38,600  (28,800) 145,900  (20,100) 3,900  1,300  (56,700) 5,500  83,100  (128,700) (16,100) 300  25,300  (65,100) (51,400) (17,300) (4,800) (9,300) (60,700) 9,600  (2,500) (26,100)
Inventories (88,600) (85,900) 122,800  (32,500) (89,500) (95,800) 44,800  (19,700) (31,800) (60,900) 71,200  (5,100) (26,300) (101,000) 146,400  (51,800) (31,000) (45,300) 60,600  (143,600) (103,900) (52,400) 92,000  (70,900) (71,000) (11,700) 167,900 
Prepaid expenses and other current assets (244,400) (219,200) (28,500) 90,400  57,000  (72,700) 847,300  (145,200) (16,600) (569,100) (108,600) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Income taxes payable 2,900  (1,352,500) 125,100  191,700  503,400  52,700  489,300  (52,700) 198,700  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Accounts payable (133,900) (76,100) (110,300) 47,000  68,300  (62,100) (21,300) 319,200  46,900  (2,600) 28,100  64,700  3,200  13,200  (34,700) 50,600  13,500  11,000  (28,200) 84,000  5,500  69,000  (20,800) 63,500  6,500  32,200  (41,800)
Accrued litigation charge —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (2,763,900)
Deferred revenue (20,100) (314,600) 426,700  1,900  (41,800) (353,300) 362,700  6,971,700  (26,000) (195,900) 359,600  (47,500) (900) (245,800) 425,000  (43,100) 7,300  (252,700) 468,900  (36,300) 6,500  (208,300) 408,400  (36,200) 14,500  (197,200) 359,700 
Operating lease liability (309,600) (307,000) (301,600) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other operating assets and liabilities 211,000  (108,700) (31,800) (73,700) 45,300  71,000  (183,700) 49,200  (221,200) 225,600  (37,200) 119,900  87,000  (224,200) 12,600  308,100  11,300  (80,400) 9,800  161,600  1,700  60,800  37,400  131,400  149,800  (35,200) 172,300 
Cash provided by (used in) changes in operating assets and liabilities (508,600) (2,501,800) 179,500  97,200  462,800  (421,600) 1,510,300  7,268,400  (70,100) (599,000) 314,400  75,300  68,500  (474,700) 420,600  247,700  1,400  (342,100) 446,000  14,300  (107,500) (135,700) 507,700  27,100  109,400  (214,400) (2,131,900)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities 310,400  (1,686,100) 950,800  305,800  (203,800) (268,200) 1,618,600  7,677,300  363,900  (205,300) (416,100) 295,300  459,700  (209,800) 744,200  506,500  326,800  (25,400) 948,300  317,400  151,900  79,800  440,700  153,700  337,500  (8,500) (1,942,600)
Net cash provided by (used in) operating activities (367,700) (1,361,300) 1,836,100  1,108,200  1,169,400  390,400  2,379,000  8,433,400  1,215,900  454,500  1,834,000  1,084,700  1,150,600  443,300  1,495,700  1,308,200  1,081,400  549,500  1,636,000  969,900  778,300  575,700  1,425,200  741,200  850,100  418,400  (1,401,900)
Purchase of investments (232,300) (27,100) (38,000) (14,100) (26,100) (41,500) (108,700) (122,400) (17,500) (16,800) (35,200) (81,900) (106,800) (162,300) (323,400) (563,000) (443,700) (433,400) (145,600) (100,600) (184,800) (148,900) (133,100) (107,300) (570,300) (397,700) (577,200)
Sales of investments 39,800  29,100  64,600  16,600  63,400  186,200  32,100  17,800  52,500  72,600  316,100  222,800  361,100  321,000  149,600  271,100  161,900  162,400  85,300  180,500  114,800  127,800  177,500  622,400  258,100  89,200  485,100 
Maturities and calls of investments 5,700  3,000  1,300  2,300  2,400  40,900  14,200  4,700  14,100  5,200  21,300  87,900  28,100  15,500  18,100  16,100  7,400  3,600  800  2,800  3,300  5,300  7,400  30,600  55,900  195,300  174,300 
Additions to property, plant and equipment (380,100) (364,000) (394,300) (525,900) (435,100) (414,200) (431,400) (568,600) (511,100) (467,400) (429,300) (494,100) (387,400) (330,500) (307,400) (410,600) (361,500) (336,400) (331,800) (360,200) (336,900) (314,800) (291,800) (349,700) (307,600) (247,500) (256,100)
Acquisition of equity in joint venture, net of cash acquired —  —  —  —  —  —  —  —  —  (1,440,800) 129,500  —  —  —  —  —  —  —  —  —  —  —  (284,300) —  —  —  — 
Net proceeds from the divestiture of certain operations —  —  —  100  635,700  48,500  —  —  —  211,100  397,100  85,400  —  —  —  —  39,400  —  30,200  8,900  —  —  —  103,900  —  —  — 
Other (16,900) (2,600) (19,900) 16,700  (35,800) (20,500) (16,600) 3,700  4,200  2,200  (4,500) (600) 800  (7,500) 61,600  21,600  (8,800) 11,100  1,000  40,700  (16,000) (19,700) 1,800  5,300  (10,000) 5,000  (19,400)
Net cash (used in) provided by investing activities (583,800) (361,600) (386,300) (504,300) 204,500  (200,600) (510,400) (664,800) (457,800) (1,633,900) 395,000  (180,500) (104,200) (163,800) (401,500) (664,800) (605,300) (592,700) (360,100) (227,900) (419,600) (350,300) (522,500) 305,200  (573,900) (355,700) (193,300)
Net proceeds from issuance of (payments on) commercial paper 323,500  214,100  398,900  —  (75,000) 75,000  —  (300,000) 300,000  —  —  —  (25,000) 25,000  —  —  (149,100) 149,100  —  —  —  —  —  —  —  —  — 
Proceeds from issuance of long-term debt 2,493,800  2,134,800  99,000  —  1,996,000  —  —  2,987,600  —  1,598,200  998,300  —  —  750,200  —  —  754,800  499,700  —  —  848,500  —  —  —  —  —  748,500 
Repayments on long-term debt —  —  —  —  —  —  (350,000) —  —  —  —  —  —  —  (400,000) —  —  —  —  (610,100) —  —  —  —  —  —  — 
Cash used or restricted for purchase of noncontrolling interest —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  5,500  (108,700) —  (257,600) —  —  —  — 
Proceeds from issuance of common stock 33,500  32,300  33,100  51,300  82,800  167,300  108,400  22,000  25,600  52,000  54,300  19,300  34,000  46,300  51,200  39,800  41,300  31,200  48,400  44,900  35,800  47,000  64,100  22,100  28,100  27,900  61,600 
Excess tax benefit on share-based awards —  —  —  —  —  —  —  —  —  —  —  8,100  16,700  18,600  34,100  11,900  21,600  22,100  67,200  34,500  19,900  24,700  53,300  12,800  14,300  14,700  72,600 
Cash dividends paid (479,000) (481,000) (484,200) (430,600) (436,200) (447,800) (446,700) (483,200) (412,300) (419,800) (428,100) (360,600) (362,000) (363,800) (364,000) (293,200) (293,000) (294,800) (297,000) (208,900) (240,100) (240,100) (239,500) (195,300) (195,500) (196,400) (195,900)
Repurchase of common stock —  (607,500) (1,091,400) (2,249,400) (145,000) (2,713,200) (5,114,700) (3,071,600) (869,800) (1,591,100) (1,601,000) (828,400) (168,000) (638,000) (408,100) (405,200) (5,900) (1,338,700) (245,800) (515,000) (574,700) (131,400) (215,000) (163,400) (305,100) (251,600) (38,500)
Minimum tax withholdings on share-based awards (1,500) (9,200) (78,400) (5,500) (49,800) (1,000) (55,300) (2,300) (2,800) (1,600) (56,000) (11,300) (1,400) (1,800) (68,300) (700) (1,700) (2,300) (101,300) (1,000) (1,300) (1,400) (71,800) (500) (800) (1,600) (74,400)
Other (27,400) (10,400) —  100  (17,700) 400  (300) (27,600) 4,100  (10,500) (7,200) (5,900) 800  600  100  (8,500) 900  (600) (200) (9,600) (800) (5,900) (1,800) (3,300) 5,900  (4,500) (5,000)
Net cash provided by (used in) financing activities 2,342,900  1,273,100  (1,123,000) (2,634,100) 1,355,100  (2,919,300) (5,858,600) (875,100) (955,200) (372,800) (1,039,700) (1,178,800) (504,900) (162,900) (1,155,000) (655,900) 368,900  (934,300) (528,700) (1,259,700) (21,400) (307,100) (668,300) (327,600) (453,100) (411,500) 568,900 
Effect of exchange rate changes on cash and cash equivalents 2,200  (18,400) 27,100  (46,500) (20,800) 23,000  (4,700) (29,300) (52,800) 32,800  9,800  20,700  10,800  12,700  (33,400) (500) 2,400  8,400  (13,800) (32,700) (7,200) (24,900) (85,800) (29,800) 6,000  (6,700) (3,600)
Net increase (decrease) in cash and cash equivalents 1,393,600  (468,200) 353,900  (2,076,700) 2,708,200  (2,706,500) (3,994,700) 6,864,200  (249,900) (1,519,400) 1,199,100  (253,900) 552,300  129,300  (94,200) (13,000) 847,400  (969,100) 733,400  (550,400) 330,100  (106,600) 148,600  689,000  (170,900) (355,500) (1,029,900)

Based on: 10-Q (filing date: 2020-07-28), 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).

Cash flow statement item Description The company
Net cash provided by (used in) operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Starbucks Corp.’s net cash provided by (used in) operating activities decreased from Q1 2020 to Q2 2020 but then slightly increased from Q2 2020 to Q3 2020.
Net cash (used in) provided by investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Starbucks Corp.’s net cash (used in) provided by investing activities increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Starbucks Corp.’s net cash provided by (used in) financing activities increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.