Starbucks Corporation (SBUX) FY2024 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-03-31

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Starbucks Corporation cash flow reconciliation, Jan 1, 2024 through Mar 31, 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. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. 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: $506,000,000.00Net earnings including noncontrolling interests → Operating adjustments reconciliation: $266,500,000.00Non-cash lease costs → Operating adjustments reconciliation: $411,500,000.00Depreciation and amortization → Operating adjustments reconciliation: $399,200,000.00Stock-based compensation → Operating adjustments reconciliation: $78,200,000.00Distributions received from equity method investees → Operating adjustments reconciliation: $49,300,000.00Accounts payable → Operating adjustments reconciliation: $44,200,000.00Accounts receivable → Operating adjustments reconciliation: $44,100,000.00Loss on retirement and impairment of assets → Operating adjustments reconciliation: $14,200,000.00Operating adjustments reconciliation → Deferred revenue: $379,600,000.00Operating adjustments reconciliation → Operating lease liability: $344,600,000.00Operating adjustments reconciliation → Remaining operating cash flows, net (calculated): $274,500,000.00Operating adjustments reconciliation → Inventories: $109,800,000.00Operating adjustments reconciliation → Other operating assets and liabilities: $101,800,000.00Operating adjustments reconciliation → Income earned from equity method investees: $73,300,000.00Operating adjustments reconciliation → Deferred income taxes, net: $22,100,000.00Operating adjustments reconciliation → Other: $1,500,000.00Maturities and calls of investments → investing reconciliation: $245,200,000.00Sales of investments → investing reconciliation: $500,000.00investing reconciliation → Additions to property, plant and equipment: $659,100,000.00investing reconciliation → Purchases of investments: $254,900,000.00investing reconciliation → Other: $26,900,000.00Net cash used in financing activities → financing reconciliation: $14,300,000.00Net proceeds from issuance of long-term debt → financing reconciliation: $1,995,300,000.00Net proceeds from issuance of short-term debt → financing reconciliation: $44,100,000.00Proceeds from issuance of common stock → financing reconciliation: $26,100,000.00financing reconciliation → Repayments of long-term debt: $1,075,100,000.00financing reconciliation → Cash dividends paid: $645,400,000.00financing reconciliation → Net (payments)/proceeds from issuance of commercial paper: $300,000,000.00financing reconciliation → Repayments of short-term debt: $46,700,000.00financing reconciliation → Other: $10,600,000.00financing reconciliation → Minimum tax withholdings on share-based awards: $2,000,000.00Net cash used in investing activities → investing reconciliation: $695,200,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,000,400,000.00Net cash from operating activities → Cash sources and uses: $506,000,000.00Cash sources and uses → Exchange-rate effect: $32,700,000.00Cash sources and uses → Difference in the filed cash totals (calculated): $100,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $2,764,100,000.00Cash sources and uses → Net cash used in investing activities: $695,200,000.00Cash sources and uses → Net cash used in financing activities: $14,300,000.00Net earnings including noncontrolling interests: $772,500,000.00Net earnings including noncontrolling interests+$772.50 MDepreciation and amortization: $399,200,000.00Depreciation & amortization+$399.20 MDeferred income taxes, net: -$22,100,000.00Deferred income taxes−$22.10 MIncome earned from equity method investees: -$73,300,000.00Equity-method results−$73.30 MDistributions received from equity method investees: $49,300,000.00Equity-method distributions+$49.30 MStock-based compensation: $78,200,000.00Stock-based compensation+$78.20 MNon-cash lease costs: $411,500,000.00Non-cash lease costs+$411.50 MLoss on retirement and impairment of assets: $14,200,000.00Asset impairments+$14.20 MOther: -$1,500,000.00Other non-cash items−$1.50 MAccounts receivable: $44,100,000.00Accounts receivable+$44.10 MInventories: -$109,800,000.00Inventories−$109.80 MAccounts payable: $44,200,000.00Accounts payable+$44.20 MDeferred revenue: -$379,600,000.00Unearned revenue−$379.60 MOperating lease liability: -$344,600,000.00Operating lease liabilities−$344.60 MOther operating assets and liabilities: -$101,800,000.00Other working capital, net−$101.80 MRemaining operating cash flows, net (calculated): -$274,500,000.00Remaining operating (calculated)−$274.50 MNet cash from operating activities: $506,000,000.00Operating cash+$506.00 MOperating adjustments reconciliation: $1,307,200,000.00Repurchase of common stock: $0.00Repayments of long-term debt: -$1,075,100,000.00Long-term debt repaid−$1.08 BRepayments of short-term debt: -$46,700,000.00Short-term debt repaid−$46.70 MNet proceeds from issuance of long-term debt: $1,995,300,000.00Long-term debt issued+$2.00 BNet (payments)/proceeds from issuance of commercial paper: -$300,000,000.00Commercial paper, net−$300.00 MProceeds from issuance of common stock: $26,100,000.00Common stock issued+$26.10 MNet proceeds from issuance of short-term debt: $44,100,000.00Short-term debt issued+$44.10 MCash dividends paid: -$645,400,000.00Dividends paid−$645.40 MOther: -$10,600,000.00Other financing, net−$10.60 MMinimum tax withholdings on share-based awards: -$2,000,000.00Stock-award tax withholding−$2.00 MNet cash used in financing activities: -$14,300,000.00. Cash required to fund net payments.Financing cash−$14.30 Mfinancing reconciliation: $2,079,800,000.00Purchases of investments: -$254,900,000.00Investment purchases−$254.90 MSales of investments: $500,000.00Sales of investments+$500.00 KMaturities and calls of investments: $245,200,000.00AFS securities maturities+$245.20 MAdditions to property, plant and equipment: -$659,100,000.00PP&E purchases−$659.10 MProceeds from Sale of Productive Assets: $0.00Other: -$26,900,000.00Other investing, net−$26.90 MNet cash used in investing activities: -$695,200,000.00. Cash required to fund net payments.Investing cash−$695.20 Minvesting reconciliation: $940,900,000.00Cash sources and uses: $3,506,400,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,000,400,000.00Beginning cash$3.00 BEnding cash: Cash, cash equivalents, and restricted cash: $2,764,100,000.00Ending cash$2.76 BExchange-rate effect: -$32,700,000.00FX effect−$32.70 MDifference in the filed cash totals (calculated): -$100,000.00Filer's cash difference(calculated)−$100.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow−$153.10 MOperating cash − cash spent on PP&ECash flow / Net income0.66×Operating cash flow ÷ net incomeNet cash change−$236.30 MEnding cash − beginning cash
Chart details

Starbucks Corporation cash flow reconciliation, Jan 1, 2024 through Mar 31, 2024

Cash flows for Jan 1, 2024 through Mar 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Mar 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
3,000,400,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
506,000,000 US dollars. Net cash provided. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date, and the prior quarter's tagged operating lines do not add up to its total. It may combine inflows and outflows.
Net earnings including noncontrolling interests
772,500,000 US dollars
Depreciation and amortization
399,200,000 US dollars
Deferred income taxes, net
negative 22,100,000 US dollars
Income earned from equity method investees
negative 73,300,000 US dollars
Distributions received from equity method investees
49,300,000 US dollars
Stock-based compensation
78,200,000 US dollars
Non-cash lease costs
411,500,000 US dollars
Loss on retirement and impairment of assets
14,200,000 US dollars
Other
negative 1,500,000 US dollars
Accounts receivable
44,100,000 US dollars
Inventories
negative 109,800,000 US dollars
Accounts payable
44,200,000 US dollars
Deferred revenue
negative 379,600,000 US dollars
Operating lease liability
negative 344,600,000 US dollars
Other operating assets and liabilities
negative 101,800,000 US dollars
Remaining operating cash flows, net (calculated)
negative 274,500,000 US dollars
Investing activities
negative 695,200,000 US dollars. Net cash used.
Purchases of investments
negative 254,900,000 US dollars
Sales of investments
500,000 US dollars
Maturities and calls of investments
245,200,000 US dollars
Additions to property, plant and equipment
negative 659,100,000 US dollars
Proceeds from Sale of Productive Assets
0 US dollars
Other
negative 26,900,000 US dollars
Financing activities
negative 14,300,000 US dollars. Net cash used.
Repurchase of common stock
0 US dollars
Repayments of long-term debt
negative 1,075,100,000 US dollars
Repayments of short-term debt
negative 46,700,000 US dollars
Net proceeds from issuance of long-term debt
1,995,300,000 US dollars
Net (payments)/proceeds from issuance of commercial paper
negative 300,000,000 US dollars
Proceeds from issuance of common stock
26,100,000 US dollars
Net proceeds from issuance of short-term debt
44,100,000 US dollars
Cash dividends paid
negative 645,400,000 US dollars
Other
negative 10,600,000 US dollars
Minimum tax withholdings on share-based awards
negative 2,000,000 US dollars
Operating adjustment reconciliation
1,307,200,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
financing gross reconciliation
2,079,800,000 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
940,900,000 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
negative 32,700,000 US dollars
Difference in the filed cash totals (calculated)
negative 100,000 US dollars. Out of cash; drawn as the small gray flow above ending cash.
Ending cash on Mar 31, 2024
2,764,100,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,506,400,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 236,300,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.66×. 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
506,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
659,100,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 153,100,000 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 exceeds operating cash. The diagram allocates $506.00M of net income directly to operating cash and $266.50M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of 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.
  • The filer's reported cash figures differ by $100.00 K: its ending cash less its beginning cash does not equal its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 506,000,000 US dollars minus 659,100,000 US dollars equals negative 153,100,000 US dollars.
  • The filer's reported cash figures differ by $100.00 K: its ending cash less its beginning cash does not equal its reported net change in cash. The chart shows the difference as its own calculated flow; no reported amount has been adjusted.
Starbucks Corporation (SBUX) FY2024 Q2 Statement of Cash Flows Sankey chart
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