Starbucks Forecasted Income Statement

Starbucks Forecasted Income Statement

Starbucks Forecasted Income Statement

Starbucks

Forecasted Income Statement

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2014 Results
2015 Forecast
2015 Initial Forecast
Feedback
2nd Pass

Income Statement

Net revenues:

Company-operated stores
$ 12,977.90

1.10
14,275.69

14,275.69

Licensed stores
1,558.60

1.10
1,714.46

1,714.46

CPG, foodservice and other
1,881.30

1.10
2,069.43

2,069.43

Total net revenues
16,447.80

18,059.58

18,059.58

Cost of sales including occupancy costs
6,858.80

1.10
7,544.68

Store operating expenses
4,638.20

1.10
5,102.02

Other operating expenses
457.30

1.10
503.03

Depreciation and amortization expenses
709.60

1.10
780.56

General and administrative expenses
991.30

1.10
1,090.43

(20.20)

Total operating expenses
13,635.00

15,020.72

Gain on sale of properties

1.10

Income from equity investees
268.30

1.10
295.13

Operating income/(loss)
3,081.10

3,333.99

Interest income and other, net
142.70

123.60

Interest expense
(64.10)

(28.10)

Earnings/(loss) before income taxes
3,159.70

3,429.49

Income taxes
1,092.00

1,131.73

Net earnings including noncontrolling
interests
2,067.70

2,297.76

Common dividends

1,500.00

Addition to retained earnings

797.76

Balance Sheet

Assets

Cash and cash equivilents
1,708.40

1.10
1,879.24

Short-term investments
135.40

1.10
148.94

Accounts receivable, net
631.00

1.10
694.10

Inventories
1,090.90

1.10
1,199.99

Prepaid expenses and other current
assets
285.60

1.10
314.16

Deferred income taxes, net
317.40

1.10
317.40

Long-term investments
318.40

1.10
350.24

Equity and cost investments
514.90

1.10
566.39

Property, plant and equipment, net
3,519.00

1.10
3,870.90

Deferred income taxes, net
903.30

903.30

Other assets
198.90

1.10
218.79

Other intangible assets
273.50

1.10
300.85

Goodwill
856.20

1.10
941.82

TOTAL ASSETS
10,752.90

11,706.12

Liabilities and Equity

Current liabilities:

Accounts payable
533.70

1.10
587.07

Accrued liabilities
1,514.40

1.10
1,665.84

Insurance reserves
196.10

1.10
215.71

Deferred revenue
794.50

1.10
873.95

long-term debt
2,048.30

2,048.30

Other long-term liabilities
392.20

1.10
431.42

TOTAL LIABILTIES
5,479.20

5,822.29

Shareholders’ equity:

Comon
stock ($0.001 par value) – authorized, 1,200.0 shares; issued and
outstanding, 753.2 shares and 749.3 shares (includes 3.4 common stock units),
respectively
0.70

0.70

Additional paid-in capital
39.40

39.40

Retained earnings
5,206.60

797.76
6,004.36

Accumulated other
comprehensive income
25.30

25.30

Noncontrolling interests
1.70

1.70

Total equity
5,273.70

6,071.46

TOTAL LIABILITIES AND EQUITY
10,752.90

11,893.75

Total Assets
11,706.12

Total Liabilities & Equity
11,893.75

AFN (1st pass)
(187.63)
AFN (2nd pass)

 

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