starbucks

starbucks - Item 8. Financial Statements and Supplementary...

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CONSOLIDATED STATEMENTS OF EARNINGS In thousands, except earnings per share FISCAL YEAR ENDED Oct 1, 2006 Oct 2, 2005 Oct 3, 2004 Net revenues: Company-operated retail $ 6,583,098 $ 5,391,927 $ 4,457,378 Specialty: Licensing 860,676 673,015 565,798 Foodservice and other 343,168 304,358 271,071 Total specialty 1,203,844 977,373 836,869 Total net revenues 7,786,942 6,369,300 5,294,247 Cost of sales including occupancy costs 3,178,791 2,605,212 2,191,440 Store operating expenses 2,687,815 2,165,911 1,790,168 Other operating expenses 260,087 197,024 171,648 Depreciation and amortization expenses 387,211 340,169 289,182 General and administrative expenses 473,023 357,114 304,293 Subtotal operating expenses 6,986,927 5,665,430 4,746,731 Income from equity investees 93,937 76,648 58,978 Operating income 893,952 780,518 606,494 Interest and other income, net 12,291 15,829 14,140 Earnings before income taxes 906,243 796,347 620,634 Income taxes 324,770 301,977 231,754 Earnings before cumulative effect of change in accounting principle 581,473 494,370 388,880 Cumulative effect of accounting change for FIN 47, net of taxes 17,214 Net earnings $ 564,259 $ 494,370 $ 388,880 Per common share: Earnings before cumulative effect of change in accounting principle — basic $ 0.76 $ 0.63 $ 0.49 Cumulative effect of accounting change for FIN 47, net of taxes 0.02 Net earnings — basic $ 0.74 $ 0.63 $ 0.49 Earnings before cumulative effect of change in accounting principle — diluted $ 0.73 $ 0.61 $ 0.47 Cumulative effect of accounting change for FIN 47, net of taxes 0.02 Net earnings — diluted $ 0.71 $ 0.61 $ 0.47 Weighted average shares outstanding: Basic 766,114 789,570 794,347 Diluted 792,556 815,417
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This note was uploaded on 09/23/2008 for the course MGMT 120A taught by Professor Litt during the Summer '08 term at UCLA.

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starbucks - Item 8. Financial Statements and Supplementary...

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