Annual Data
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
3 months ended:
Jun 28, 2026
Mar 29, 2026
Dec 28, 2025
Sep 28, 2025
Jun 29, 2025
Mar 30, 2025
Dec 29, 2024
Sep 29, 2024
Jun 30, 2024
Mar 31, 2024
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
Net earnings (loss) including noncontrolling interests
1,045,000) 510,800) 293,200) 133,200) 558,400) 384,200) 780,900) 909,600) 1,055,800) 772,500) 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)
Depreciation and amortization
389,700) 389,200) 431,900) 456,000) 448,000) 435,300) 432,200) 401,400) 407,400) 399,200) 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)
Deferred income taxes, net
(110,900) 60,400) 302,600) (138,700) 60,500) 2,500) (14,900) (30,400) 12,600) (22,100) 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)
Income earned from equity method investees, net
(59,800) (65,700) (62,300) (89,800) (68,900) (62,400) (53,100) (104,900) (69,200) (73,300) (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)
Distributions received from equity method investees
43,200) 13,000) 96,700) 107,900) 52,700) 51,900) 81,900) 112,800) 66,000) 49,300) 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)
Gain on sale of assets
—) —) —) —) —) —) —) —) —) —) —) —) —) (91,300) —) —) —) —) —) —) —) —) —) —) —) —) —)
Net gain resulting from divestiture of certain operations
(536,300) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) (864,500) —) —) —) —) —) —) —)
Stock-based compensation
71,100) 93,200) 126,100) 74,000) 66,000) 77,700) 100,600) 71,700) 63,600) 78,200) 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)
Non-cash lease costs
332,800) 322,500) 352,800) 408,900) 293,300) 317,900) 493,700) 232,300) 393,100) 411,500) 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 disposal, impairment, and accelerated amortization of assets
260,200) 28,300) 109,700) 691,700) 60,900) 41,200) 40,900) 58,600) 20,400) 14,200) 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)
Other
8,300) (7,400) 5,400) 5,900) 8,000) 10,400) (7,000) 11,700) 3,900) (1,500) 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)
Accounts receivable
(50,800) (83,200) (200) (43,300) (63,400) 92,800) (75,800) (26,300) (41,700) 44,100) 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)
Inventories
(54,400) (58,600) (31,800) 69,200) (196,600) (306,100) 25,100) 96,200) (117,900) (109,800) 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)
Income taxes payable
368,600) (61,300) 55,400) 53,100) 44,300) (98,500) 104,900) (11,200) 34,200) (274,500) 189,600) 4,500) 32,200) (131,800) 147,600) —) —) —) —) 157,200) 88,900) (16,900) 56,900) 9,900) 2,900) (1,352,500) 125,100)
Accounts payable
185,800) (2,400) (39,000) (30,100) (48,300) 109,200) 230,200) (33,700) 113,300) 44,200) (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)
Deferred revenue
(52,000) (369,100) 472,300) (115,700) (70,400) (415,500) 480,900) (123,800) (77,300) (379,600) 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)
Operating lease liability
(402,600) (446,100) (433,200) (432,700) (309,600) (324,200) (510,200) (245,200) (414,600) (344,600) (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
204,000) 40,900) (81,900) 232,200) 166,800) (24,400) (38,300) 216,800) 220,500) (101,800) (44,500) 262,800) 104,800) (115,100) (346,200) 184,200) 221,500) (359,700) 144,000) 238,400) 172,200) 181,700) 17,500) 384,600) (33,400) (327,900) (60,300)
Cash provided by (used in) changes in operating assets and liabilities
198,600) (979,800) (58,400) (267,300) (477,200) (966,700) 216,800) (127,200) (283,500) (1,122,000) 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)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities
596,900) (146,300) 1,304,500) 1,248,600) 443,300) (92,200) 1,291,100) 626,000) 614,300) (266,500) 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)
Net cash provided by operating activities
1,641,900) 364,500) 1,597,700) 1,381,800) 1,001,700) 292,000) 2,072,000) 1,535,600) 1,670,100) 506,000) 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)
Purchases of investments
(28,000) (54,600) (51,000) (35,400) (128,800) (103,100) (66,300) (81,900) (73,600) (254,900) (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)
Sales of investments
5,900) 16,100) 300) —) 1,100) —) —) 9,800) —) 500) —) 500) 100) 1,100) 800) —) —) —) 72,600) 12,800) 8,700) 30,500) 91,200) 53,200) 39,800) 29,100) 64,600)
Maturities and calls of investments
35,700) 28,800) 77,200) 114,900) 135,900) 53,400) 87,600) 36,400) 233,100) 245,200) 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)
Additions to property, plant and equipment
(291,400) (272,700) (323,700) (456,000) (567,400) (589,200) (692,900) (798,200) (724,300) (659,100) (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)
Acquisitions, net of cash acquired
—) —) —) —) —) —) (177,100) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —)
Proceeds from sale of assets
—) —) —) —) —) —) —) —) —) —) —) —) —) 110,000) —) —) —) —) —) —) —) —) —) —) —) —) —)
Net proceeds from the divestiture of certain operations
2,544,200) —) —) —) —) —) —) —) —) —) —) —) —) —) —) 59,300) —) —) —) 1,175,000) —) —) —) —) —) —) —)
Other
(42,700) (48,000) (25,700) (14,000) (36,500) (5,100) (6,500) (15,800) (20,700) (26,900) (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)
Net cash (used in) provided by investing activities
2,223,700) (330,400) (322,900) (390,500) (595,700) (644,000) (855,200) (849,700) (585,500) (695,200) (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)
Net proceeds from issuance (payments) of commercial paper
—) —) —) —) —) —) —) —) —) (300,000) 300,000) —) —) —) (175,000) (25,000) 200,000) (200,000) 200,000) —) —) (296,500) —) —) (613,000) 214,100) 398,900)
Net proceeds from issuance of short-term debt
—) —) 2,500) —) 1,300) 1,100) —) 5,500) 25,100) 44,100) 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
—) —) —) —) (2,400) —) (5,400) (30,500) (46,500) (46,700) (33,800) (32,100) (46,700) —) —) 2,300) (26,300) (12,600) —) (3,600) (25,700) (175,800) (144,700) (747,000) (220,700) —) —)
Net proceeds from issuance of long-term debt
—) —) —) —) 1,748,500) —) —) —) —) 1,995,300) —) —) —) 1,497,800) —) —) —) 1,498,100) —) —) —) —) —) —) 2,987,900) 1,739,700) —)
Repayments of long-term debt
(1,815,900) (1,000,000) —) (1,250,000) —) —) —) —) —) (1,075,100) (750,000) —) —) (1,000,000) —) —) (1,000,000) —) —) —) —) (750,000) (500,000) —) —) —) —)
Proceeds from issuance of common stock
15,400) 18,800) 17,700) 17,400) 15,200) 27,300) 17,100) 28,800) 20,800) 26,100) 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)
Cash dividends paid
(706,600) (706,300) (705,100) (693,300) (693,200) (693,000) (691,900) (646,000) (645,500) (645,400) (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)
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)
Minimum tax withholdings on share-based awards
(4,500) (2,100) (58,100) (6,800) (4,100) (1,900) (74,600) (2,300) (4,000) (2,000) (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)
Other
—) —) —) (100) (9,200) —) —) —) —) (10,600) —) (100) (300) (10,700) —) —) —) (9,200) —) —) —) —) —) 100) (27,400) (10,400) —)
Net cash provided by (used in) financing activities
(2,511,600) (1,689,600) (743,000) (1,932,800) 1,056,100) (666,500) (754,800) (644,500) (650,100) (14,300) (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)
Effect of exchange rate changes on cash and cash equivalents
(6,200) (3,100) 9,000) (11,300) 39,100) 18,500) (76,800) 65,700) (19,600) (32,700) 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)
Net change in cash balances classified as assets held for sale
570,000) (222,800) (347,200) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —) —)
Net increase (decrease) in cash and cash equivalents
1,917,800) (1,881,400) 193,600) (952,800) 1,501,200) (1,000,000) 385,200) 107,100) 414,900) (236,200) (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)
Based on:
10-Q (reporting date: 2026-06-28) ,
10-Q (reporting date: 2026-03-29) ,
10-Q (reporting date: 2025-12-28) ,
10-K (reporting date: 2025-09-28) ,
10-Q (reporting date: 2025-06-29) ,
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) .
Operating cash flows exhibit significant volatility but remain predominantly positive, reflecting a capacity to generate liquidity from core business operations. While net earnings fluctuated—most notably during the early 2020 period—the net cash provided by operating activities frequently exceeded 1 billion USD per quarter, although periodic declines occurred in early 2022 and early 2024.
Operational Cash Flow Drivers
Net earnings are supplemented by consistent non-cash charges. Depreciation and amortization remained relatively stable, trending between 340 million USD and 450 million USD quarterly. Non-cash lease costs also provided a steady additive effect to cash flow, generally fluctuating between 230 million USD and 420 million USD.
Working capital adjustments show high variance. Deferred revenue and income taxes payable exhibit seasonal swings, often creating significant cash inflows in the final quarter of the calendar year, which are subsequently offset by outflows in the following periods.
Investing activities are characterized by sustained capital expenditures and opportunistic divestitures. There is a consistent commitment to infrastructure and store growth, evidenced by the steady outflow for property, plant, and equipment.
Capital Expenditure Trends
Additions to property, plant, and equipment showed an upward trend from 2019 through 2024, with quarterly spending increasing from approximately 320 million USD to peaks near 800 million USD. A subsequent moderation is observed in 2025 and 2026, with expenditures returning to a range between 270 million USD and 330 million USD.
Asset Divestitures
Significant liquidity injections were realized through the divestiture of certain operations, most notably in October 2021 and June 2026, where net proceeds reached 1.175 billion USD and 2.544 billion USD, respectively.
Financing activities reflect a strategy of consistent shareholder returns balanced against active debt portfolio management. Cash outflows in this category are primarily driven by dividend payments and periodic debt retirements.
Shareholder Distributions
Cash dividends paid show a steady, incremental increase over the analyzed period, rising from approximately 480 million USD per quarter in 2019 to over 700 million USD by 2026. Stock repurchases occurred sporadically and in large magnitudes, such as the 3.52 billion USD outflow in January 2022 and 1.26 billion USD in December 2023.
Debt Management
A revolving strategy of issuing and repaying long-term debt is evident. Large issuances, such as the 2.98 billion USD in June 2020 and 1.99 billion USD in March 2024, were periodically utilized to manage liquidity, often followed by substantial repayments ranging from 750 million USD to 1.8 billion USD.
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