09/08/2011
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Starbucks Financial Statement Analysis The intent of this paper is to research and analyze the financial statement of Starbucks, a locally originated (yet global) publicly traded, Pacific Northwest Company. Resources used are the 2010 10-K, the DataMonitor company profile, Mint Global, and the NetAdvantage Corporate Social Responsibility reports, as well as several cited online resources. Company Overview Starbucks Corporation originated as a single store in the Pacific Northwest – downtown Seattle, WA in Pike’s Place Market over 40 years ago. The company started in 1971; the corporation was formed 1985. The Starbucks Mission Statement follows: “Our …show more content…
Starbucks financial statements were audited by Deloitte & Touche LLP based in Seattle, WA Stock Common Stock The aggregate market value of the voting stock held by non-affiliates of the registrant as of the last business day of the registrant’s most recently completed second fiscal quarter, based upon the closing sale price of the registrant’s common stock on March 26, 2010 as reported on the NASDAQ Global Select Market was $16 billion. As of November 12, 2010, there were 741.1 million shares of the registrant’s Common Stock outstanding. Preferred Stock Starbuck’s have authorized 7.5 million shares of preferred stock, none of which was outstanding at October 3, 2010. Total Paid In Capital 106.2+ 39.4 = 145.6 million Under applicable Washington State law, shares repurchased are retired and not displayed separately as treasury stock on the financial statements. Instead, the par value of repurchased shares is deducted from common stock and the excess repurchase price over par value is deducted from additional paid-in capital and from retained earnings, once additional paid-in capital is depleted. Dividends Cash dividends declared per share is $0.36, Starbucks paid dividends for the last three quarters at $.10, .13, and .13 respectively. Performance Comparison Graph: The graph below shows the total return to shareholders