Starbucks (SBUX) FY2012 results: revenue $13.3 billion, up 13.7% on the year
Starbucks Corp. (SBUX) reported revenue of $13.3 billion for fiscal 2012, the year ended 30 September 2012, up 13.7% on the year before. Net income was $1.4 billion, up 11.1%, and diluted earnings per share $0.90. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2012.
Revenue
$13.3 billion
+13.7% on the year
FY2007FY2012
Operating margin
15.0%
14.8% a year earlier
FY2007FY2012
Net income
$1.4 billion
+11.1% on the year
FY2007FY2012
Diluted EPS
$0.90
+10.5% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
13,300
11,700
10,707
+13.7%
Cost of revenue
5,813
4,916
4,416
+18.3%
Gross profit
7,486
6,785
6,291
+10.3%
Gross margin
56.3%
58.0%
58.8%
Operating income
1,997
1,728
1,419
+15.6%
Operating margin
15.0%
14.8%
13.3%
Interest expense
32.7
33.3
32.7
-1.8%
Pre-tax income
2,059
1,811
1,437
+13.7%
Income tax
674
563
489
+19.8%
Effective tax rate
32.8%
31.1%
34.0%
Net income
1,384
1,246
946
+11.1%
Net margin
10.4%
10.6%
8.8%
Diluted EPS
$0.90
$0.81
$0.62
+10.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,750
1,612
1,705
+8.6%
Capital expenditure
856
532
446
+61.0%
Free cash flow
894
1,080
1,259
-17.3%
Free cash flow margin
6.7%
9.2%
11.8%
Cash from investing
-974
-1,020
-790
Cash from financing
-746
-608
-346
Depreciation and amortisation
581
550
541
+5.6%
Share-based compensation
154
145
114
+5.8%
Buybacks
549
556
286
-1.2%
Dividends paid
513
390
171
+31.7%
Dividend per share
$0.36
$0.28
$0.18
+28.6%
Diluted shares, weighted
1,546m
1,539m
1,528m
+0.4%
Shares outstanding at period end
1,499m
1,490m
1,485m
+0.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
5,109
4,385
3,675
+16.5%
Non-controlling interest
5.5
2.4
7.6
+129.2%
Debt
550
550
549
+0.0%
Other liabilities
2,555
2,424
2,154
+5.4%
Total liabilities and equity
8,219
7,360
6,386
+11.7%
Fixed assets
2,659
2,355
2,416
+12.9%
Goodwill
399
322
262
+24.1%
Intangible assets
144
112
70.8
+28.4%
Investments
964
1,010
478
-4.5%
Cash and equivalents
1,189
1,148
1,164
+3.5%
Receivables
486
386
303
+25.7%
Inventory
1,242
966
543
+28.5%
Other assets
1,137
1,062
1,149
+7.1%
Total assets
8,219
7,360
6,386
+11.7%
10-K for the year ended 30 September 2012, filed 16 November 2012: the filing.