Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

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.

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

US$ in thousands

Microsoft Excel
3 months ended: Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Jan 1, 2023 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Jan 2, 2022 Oct 3, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 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
Net earnings (loss) including noncontrolling interests 1,024,400 1,219,300 1,141,800 908,400 855,200 878,600 913,700 675,000 816,100 1,764,600 1,154,100 659,400 622,200 392,700 (678,100) 324,800 885,300 802,400 1,373,200 658,600 760,400 756,100 852,000 659,800 2,250,100
Depreciation and amortization 384,400 376,500 364,500 366,800 342,500 360,400 391,300 391,300 386,400 377,900 373,300 384,500 388,400 379,200 377,100 377,700 369,200 365,700 360,100 372,700 350,800 344,400 343,900 345,200 272,400
Deferred income taxes, net 26,100 (29,200) (32,800) (13,200) 15,800 (72,800) 6,600 28,700 (300) (33,000) (88,000) (19,100) (6,100) (45,800) (27,700) 37,300 10,400 (251,900) (529,000) (359,900) (354,600) (48,800) 31,100 (12,200) 744,800
Income earned from equity method investees (59,000) (119,100) (72,800) (53,000) (56,900) (93,700) (56,300) (72,100) (46,600) (109,000) (107,000) (62,300) (69,000) (98,400) (66,000) (53,400) (62,900) (76,500) (65,900) (53,200) (55,000) (75,600) (59,800) (41,200) (66,200)
Distributions received from equity method investees 105,200 76,200 58,600 42,300 45,700 85,300 45,100 55,900 44,900 109,300 96,500 53,000 77,200 62,100 67,500 33,800 64,300 53,100 70,400 29,600 63,700 55,100 27,400 63,000 81,300
Gain on sale of assets (91,300)
Gain resulting from acquisition of joint venture (2,500) (47,600) (1,326,300)
Net gain resulting from divestiture of certain operations (864,500) (601,800) (21,000) (2,900) 4,900 (501,200)
Stock-based compensation 94,800 74,200 69,200 74,100 85,200 64,900 57,400 53,400 95,800 63,800 80,000 76,000 99,300 60,600 41,400 56,300 90,300 52,600 63,300 94,800 97,300 65,300 68,500 55,100 61,400
Goodwill impairments 5,100 5,400 9,100 28,500
Non-cash lease costs 278,000 367,500 413,700 321,000 263,700 407,300 419,700 340,300 330,400 316,900 313,800 309,600 308,300 295,200 306,100 301,400 294,900
Loss on retirement and impairment of assets 28,300 22,300 3,500 54,500 21,100 1,800 12,300 26,600 50,700 21,500 29,300 42,800 132,600 329,800 93,700 18,200 12,700 92,100 50,500
Other 17,800 4,000 200 15,900 6,700 (23,100) (26,800) (13,000) (4,900) 800 8,600 (5,200) (10,200) (39,200) 26,900 44,400 (7,600) (26,500) (19,300) 85,000 6,100 62,300 25,400 (2,000) 3,300
Accounts receivable 42,300 (48,400) 18,100 (15,800) 42,000 (80,600) (183,400) 29,500 (91,600) (29,900) (25,900) (6,800) 19,600 (16,100) 74,100 (37,800) (22,900) (127,600) (79,900) 38,600 (28,800) 145,900 (20,100) 3,900 1,300
Inventories 174,300 171,900 (100) 86,100 108,500 (83,700) (232,400) (288,900) (36,000) (58,200) (42,900) (38,800) 90,100 40,800 (88,600) (85,900) 122,800 (32,500) (89,500) (95,800) 44,800 (19,700) (31,800) (60,900) 71,200
Income taxes payable 189,600 52,500 (149,600) 157,200 88,900 (16,900) 56,900 9,900 2,900 (1,352,500) 125,100 191,700 503,400 52,700 489,300 (52,700) 198,700
Accounts payable (95,800) 52,800 98,500 66,100 (117,300) 3,800 208,700 49,000 84,000 81,700 86,900 (3,500) 24,800 109,500 (133,900) (76,100) (110,300) 47,000 68,300 (62,100) (21,300) 319,200 46,900 (2,600) 28,100
Deferred revenue 508,500 (102,600) (62,200) (407,000) 461,000 (108,500) (77,500) (351,100) 461,300 (58,500) (37,400) (309,100) 398,900 (61,000) (20,100) (314,600) 426,700 1,900 (41,800) (353,300) 362,700 6,971,700 (26,000) (195,900) 359,600
Operating lease liability (290,500) (387,700) (434,300) (340,400) (281,400) (424,200) (435,100) (403,000) (363,300) (458,300) (353,500) (361,500) (314,800) (313,200) (309,600) (307,000) (301,600)
Other operating assets and liabilities (44,500) 214,800 137,000 (246,900) (198,600) 333,800 221,500 (359,700) 144,000 238,400 172,200 181,700 17,500 384,600 (33,400) (327,900) (60,300) 16,700 102,300 (1,700) 663,600 (96,000) (237,800) (343,500) (145,800)
Cash provided by (used in) changes in operating assets and liabilities 483,900 (46,700) (243,000) (857,900) 14,200 (509,000) (498,200) (1,324,200) 198,400 (127,600) (111,700) (554,900) 293,000 154,500 (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
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities 1,359,500 725,700 561,100 (140,800) 738,000 221,100 351,100 (513,100) 1,054,800 (243,900) 594,800 224,400 1,213,500 1,098,000 310,400 (1,686,100) 950,800 305,800 (203,800) (268,200) 1,618,600 7,677,300 363,900 (205,300) (416,100)
Net cash provided by operating activities 2,383,900 1,945,000 1,702,900 767,600 1,593,200 1,099,700 1,264,800 161,900 1,870,900 1,520,700 1,748,900 883,800 1,835,700 1,490,700 (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
Purchases of investments (217,100) (253,400) (109,400) (237,200) (10,500) (260,600) (49,800) (6,500) (61,000) (64,700) (45,600) (186,200) (135,500) (146,500) (232,300) (27,100) (38,000) (14,100) (26,100) (41,500) (108,700) (122,400) (17,500) (16,800) (35,200)
Sales of investments 500 100 1,100 800 72,600 12,800 8,700 30,500 91,200 53,200 39,800 29,100 64,600 16,600 63,400 186,200 32,100 17,800 52,500 72,600 316,100
Maturities and calls of investments 253,500 101,900 245,000 16,700 253,300 7,800 3,800 10,100 45,600 46,800 9,700 175,300 113,700 63,700 5,700 3,000 1,300 2,300 2,400 40,900 14,200 4,700 14,100 5,200 21,300
Additions to property, plant and equipment (595,900) (699,500) (632,100) (485,200) (516,800) (545,900) (423,500) (455,100) (416,800) (484,300) (337,800) (323,700) (324,200) (345,200) (380,100) (364,000) (394,300) (525,900) (435,100) (414,200) (431,400) (568,600) (511,100) (467,400) (429,300)
Proceeds from sale of assets 110,000
Acquisition of equity in joint venture, net of cash acquired (1,440,800) 129,500
Net proceeds from the divestiture of certain operations 59,300 1,175,000 100 635,700 48,500 211,100 397,100
Other (9,300) (14,100) (2,800) (33,100) (6,100) (30,600) (25,900) (28,400) (41,400) (18,900) (42,200) (2,400) (17,700) (5,000) (16,900) (2,600) (19,900) 16,700 (35,800) (20,500) (16,600) 3,700 4,200 2,200 (4,500)
Net cash (used in) provided by investing activities (568,800) (864,600) (499,200) (627,700) (279,300) (770,000) (495,400) (479,900) (401,000) 666,700 (407,200) (306,500) (272,500) (379,800) (583,800) (361,600) (386,300) (504,300) 204,500 (200,600) (510,400) (664,800) (457,800) (1,633,900) 395,000
Net proceeds from issuance (payments) of commercial paper 300,000 (175,000) (25,000) 200,000 (200,000) 200,000 (296,500) (613,000) 214,100 398,900 (75,000) 75,000 (300,000) 300,000
Net proceeds from issuance of short-term debt 49,100 30,900 30,900 52,800 (2,300) 21,500 17,400 (500) 12,300 10,400 192,900 249,400 663,100 395,100 99,000
Repayments of short-term debt (33,800) (32,100) (46,700) 2,300 (26,300) (12,600) (3,600) (25,700) (175,800) (144,700) (747,000) (220,700)
Proceeds from issuance of long-term debt 1,497,800 1,498,100 2,987,900 1,739,700 1,996,000 2,987,600 1,598,200 998,300
Repayments of long-term debt (750,000) (1,000,000) (1,000,000) (750,000) (500,000) (350,000)
Proceeds from issuance of common stock 32,300 18,000 19,600 83,900 45,900 26,100 19,200 15,000 41,300 54,600 57,200 31,600 102,800 199,900 33,500 32,300 33,100 51,300 82,800 167,300 108,400 22,000 25,600 52,000 54,300
Cash dividends paid (648,100) (607,000) (607,400) (609,100) (608,300) (562,200) (561,900) (563,200) (576,000) (530,800) (530,200) (529,800) (528,200) (479,300) (479,000) (481,000) (484,200) (430,600) (436,200) (447,800) (446,700) (483,200) (412,300) (419,800) (428,100)
Repurchase of common stock (1,266,700) (285,100) (220,000) (287,900) (191,400) (15,500) (476,600) (3,520,900) (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)
Minimum tax withholdings on share-based awards (92,100) (2,300) (5,600) (2,400) (79,000) (3,700) (1,400) (8,500) (113,600) (2,800) (4,100) (1,500) (88,600) (2,800) (1,500) (9,200) (78,400) (5,500) (49,800) (1,000) (55,300) (2,300) (2,800) (1,600) (56,000)
Other (100) (300) (10,700) (9,200) 100 (27,400) (10,400) 100 (17,700) 400 (300) (27,600) 4,100 (10,500) (7,200)
Net cash provided by (used in) financing activities (2,409,300) (877,700) (829,500) (275,600) (1,007,800) (564,800) (1,364,400) 260,400 (3,969,200) (483,100) (490,500) (1,711,600) (965,800) (779,700) 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)
Effect of exchange rate changes on cash and cash equivalents 43,100 (8,200) (89,000) 21,000 62,000 (124,000) (140,900) 1,600 13,000 (1,700) 21,200 (13,100) 79,800 53,800 2,200 (18,400) 27,100 (46,500) (20,800) 23,000 (4,700) (29,300) (52,800) 32,800 9,800
Net increase (decrease) in cash and cash equivalents (551,100) 194,500 285,200 (114,700) 368,100 (359,100) (735,900) (56,000) (2,486,300) 1,702,600 872,400 (1,147,400) 677,200 385,000 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

Based on: 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), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-07-01), 10-Q (reporting date: 2018-04-01), 10-Q (reporting date: 2017-12-31).

Cash flow statement item Description The company
Net cash provided by 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. net cash provided by operating activities increased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
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. net cash (used in) provided by investing activities decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 not reaching Q3 2023 level.
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. net cash provided by (used in) financing activities decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.