Starbucks Corporation (SBUX) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2023-10-02 to 2024-09-29

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Starbucks Corporation cash flow reconciliation, Oct 2, 2023 through Sep 29, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net earnings including noncontrolling interests → Net cash from operating activities: $3,762,300,000.00Depreciation and amortization → Operating adjustments reconciliation: $1,592,400,000.00Non-cash Lease Cost → Operating adjustments reconciliation: $1,314,900,000.00Distributions received from equity method investees → Operating adjustments reconciliation: $333,300,000.00Stock-based compensation → Operating adjustments reconciliation: $308,300,000.00Other operating assets and liabilities → Operating adjustments reconciliation: $291,000,000.00Loss on retirement and impairment of assets → Operating adjustments reconciliation: $121,500,000.00Inventories → Operating adjustments reconciliation: $42,800,000.00Other → Operating adjustments reconciliation: $31,900,000.00Accounts payable → Operating adjustments reconciliation: $28,000,000.00Accounts receivable → Operating adjustments reconciliation: $18,400,000.00Operating adjustments reconciliation → Net cash from operating activities: $2,333,300,000.00Operating adjustments reconciliation → Operating lease liability: $1,294,900,000.00Operating adjustments reconciliation → Income earned from equity method investees: $306,400,000.00Operating adjustments reconciliation → Deferred revenue: $72,200,000.00Operating adjustments reconciliation → Income Taxes Payable: $61,900,000.00Operating adjustments reconciliation → Deferred income taxes, net: $13,800,000.00Maturities and calls of investments → investing reconciliation: $768,200,000.00Proceeds from Sales of Assets, Investing Activities → investing reconciliation: $10,300,000.00investing reconciliation → Additions to property, plant and equipment: $2,777,500,000.00investing reconciliation → Purchases of investments: $627,500,000.00investing reconciliation → Other: $72,700,000.00Net cash used in financing activities → financing reconciliation: $3,718,200,000.00Proceeds from issuance of long-term debt → financing reconciliation: $1,995,300,000.00Proceeds from issuance of short-term debt → financing reconciliation: $123,800,000.00Proceeds from issuance of common stock → financing reconciliation: $108,000,000.00financing reconciliation → Cash dividends paid: $2,585,000,000.00financing reconciliation → Repayments of long-term debt: $1,825,100,000.00financing reconciliation → Repurchase of common stock: $1,266,700,000.00financing reconciliation → Repayments of Short-term Debt: $157,500,000.00financing reconciliation → Minimum tax withholdings on share-based awards: $100,400,000.00financing reconciliation → Other: $10,600,000.00Net cash used in investing activities → investing reconciliation: $2,699,200,000.00Exchange-rate effect → Cash sources and uses: $56,500,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,551,500,000.00Net cash from operating activities → Cash sources and uses: $6,095,600,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $3,286,200,000.00Cash sources and uses → Net cash used in investing activities: $2,699,200,000.00Cash sources and uses → Net cash used in financing activities: $3,718,200,000.00Depreciation and amortization: $1,592,400,000.00Depreciation & amortization+$1.59 BDeferred income taxes, net: -$13,800,000.00Deferred income taxes−$13.80 MIncome earned from equity method investees: -$306,400,000.00Equity-method results−$306.40 MDistributions received from equity method investees: $333,300,000.00Equity-method distributions+$333.30 MStock-based compensation: $308,300,000.00Stock-based compensation+$308.30 MNon-cash Lease Cost: $1,314,900,000.00Non-cash Lease Cost+$1.31 BOther: $31,900,000.00Other non-cash items+$31.90 MAccounts receivable: $18,400,000.00Accounts receivable+$18.40 MInventories: $42,800,000.00Inventories+$42.80 MIncome Taxes Payable: -$61,900,000.00Income taxes payable−$61.90 MAccounts payable: $28,000,000.00Accounts payable+$28.00 MDeferred revenue: -$72,200,000.00Unearned revenue−$72.20 MOperating lease liability: -$1,294,900,000.00Operating lease liabilities−$1.29 BOther operating assets and liabilities: $291,000,000.00Other working capital, net+$291.00 MLoss on retirement and impairment of assets: $121,500,000.00Loss on retirement and impairment of assets+$121.50 MGain (Loss) on Disposition of Assets: $0.00Net earnings including noncontrolling interests: $3,762,300,000.00Net earnings including noncontrolling interests+$3.76 BNet cash from operating activities: $6,095,600,000.00Operating cash+$6.10 BOperating adjustments reconciliation: $4,082,500,000.00Proceeds from issuance of short-term debt: $123,800,000.00Short-term debt issued+$123.80 MOther: -$10,600,000.00Other financing, net−$10.60 MMinimum tax withholdings on share-based awards: -$100,400,000.00Stock-award tax withholding−$100.40 MProceeds from issuance of long-term debt: $1,995,300,000.00Long-term debt issued+$2.00 BCash dividends paid: -$2,585,000,000.00Dividends paid−$2.59 BProceeds from issuance of common stock: $108,000,000.00Common stock issued+$108.00 MProceeds from (Repayments of) Commercial Paper: $0.00Repurchase of common stock: -$1,266,700,000.00Common stock repurchases−$1.27 BRepayments of Short-term Debt: -$157,500,000.00Short-term debt repaid−$157.50 MRepayments of long-term debt: -$1,825,100,000.00Long-term debt repaid−$1.83 BNet cash used in financing activities: -$3,718,200,000.00. Cash required to fund net payments.Financing cash−$3.72 Bfinancing reconciliation: $5,945,300,000.00Additions to property, plant and equipment: -$2,777,500,000.00PP&E purchases−$2.78 BMaturities and calls of investments: $768,200,000.00AFS securities proceeds+$768.20 MNet proceeds from divestiture of certain operations: $0.00Purchases of investments: -$627,500,000.00Investment purchases−$627.50 MOther: -$72,700,000.00Other investing, net−$72.70 MProceeds from Sale of Productive Assets: $0.00Proceeds from Sales of Assets, Investing Activities: $10,300,000.00Investing asset sales+$10.30 MNet cash used in investing activities: -$2,699,200,000.00. Cash required to fund net payments.Investing cash−$2.70 Binvesting reconciliation: $3,477,700,000.00Cash sources and uses: $9,703,600,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,551,500,000.00Beginning cash$3.55 BEnding cash: Cash, cash equivalents, and restricted cash: $3,286,200,000.00Ending cash$3.29 BExchange-rate effect: $56,500,000.00FX effect+$56.50 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$3.32 BOperating cash − cash spent on PP&ECash flow / Net income1.62×Operating cash flow ÷ net incomeNet cash change−$265.30 MEnding cash − beginning cash
Chart details

Starbucks Corporation cash flow reconciliation, Oct 2, 2023 through Sep 29, 2024

Cash flows for Oct 2, 2023 through Sep 29, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Oct 1, 2023. Ending cash: Sep 29, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Oct 1, 2023
3,551,500,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
6,095,600,000 US dollars. Net cash provided.
Depreciation and amortization
1,592,400,000 US dollars
Deferred income taxes, net
negative 13,800,000 US dollars
Income earned from equity method investees
negative 306,400,000 US dollars
Distributions received from equity method investees
333,300,000 US dollars
Stock-based compensation
308,300,000 US dollars
Non-cash Lease Cost
1,314,900,000 US dollars
Other
31,900,000 US dollars
Accounts receivable
18,400,000 US dollars
Inventories
42,800,000 US dollars
Income Taxes Payable
negative 61,900,000 US dollars
Accounts payable
28,000,000 US dollars
Deferred revenue
negative 72,200,000 US dollars
Operating lease liability
negative 1,294,900,000 US dollars
Other operating assets and liabilities
291,000,000 US dollars
Loss on retirement and impairment of assets
121,500,000 US dollars
Gain (Loss) on Disposition of Assets
0 US dollars
Net earnings including noncontrolling interests
3,762,300,000 US dollars
Investing activities
negative 2,699,200,000 US dollars. Net cash used.
Additions to property, plant and equipment
negative 2,777,500,000 US dollars
Maturities and calls of investments
768,200,000 US dollars
Net proceeds from divestiture of certain operations
0 US dollars
Purchases of investments
negative 627,500,000 US dollars
Other
negative 72,700,000 US dollars
Proceeds from Sale of Productive Assets
0 US dollars
Proceeds from Sales of Assets, Investing Activities
10,300,000 US dollars
Financing activities
negative 3,718,200,000 US dollars. Net cash used.
Proceeds from issuance of short-term debt
123,800,000 US dollars
Other
negative 10,600,000 US dollars
Minimum tax withholdings on share-based awards
negative 100,400,000 US dollars
Proceeds from issuance of long-term debt
1,995,300,000 US dollars
Cash dividends paid
negative 2,585,000,000 US dollars
Proceeds from issuance of common stock
108,000,000 US dollars
Proceeds from (Repayments of) Commercial Paper
0 US dollars
Repurchase of common stock
negative 1,266,700,000 US dollars
Repayments of Short-term Debt
negative 157,500,000 US dollars
Repayments of long-term debt
negative 1,825,100,000 US dollars
Operating adjustment reconciliation
4,082,500,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
5,945,300,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
3,477,700,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
56,500,000 US dollars
Ending cash on Sep 29, 2024
3,286,200,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
9,703,600,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 265,300,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.62×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
6,095,600,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
2,777,500,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
3,318,100,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $2.33B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 6,095,600,000 US dollars minus 2,777,500,000 US dollars equals 3,318,100,000 US dollars.
Starbucks Corporation (SBUX) FY2024 Annual Statement of Cash Flows Sankey chart
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