Starbucks (SBUX) FY2015 results: revenue $19.2 billion, up 16.5% on the year
Starbucks Corp. (SBUX) reported revenue of $19.2 billion for fiscal 2015, the year ended 27 September 2015, up 16.5% on the year before. Net income was $2.8 billion, up 33.3%, and diluted earnings per share $1.82. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2015.
Revenue
$19.2 billion
+16.5% on the year
FY2008FY2015
Operating margin
18.8%
18.7% a year earlier
FY2008FY2015
Net income
$2.8 billion
+33.3% on the year
FY2008FY2015
Diluted EPS
$1.82
+34.3% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
19,163
16,448
14,892
+16.5%
Cost of revenue
7,788
6,859
6,382
+13.5%
Gross profit
11,375
9,589
8,510
+18.6%
Gross margin
59.4%
58.3%
57.1%
Operating income
3,601
3,081
-325
+16.9%
Operating margin
18.8%
18.7%
-2.2%
Interest expense
70.5
64.1
28.1
+10.0%
Pre-tax income
3,903
3,160
-230
+23.5%
Income tax
1,144
1,092
-239
+4.7%
Effective tax rate
29.3%
34.6%
n/a
Net income
2,757
2,068
8.3
+33.3%
Net margin
14.4%
12.6%
0.1%
Diluted EPS
$1.82
$1.35
$0.01
+34.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
3,749
608
2,908
+516.8%
Capital expenditure
1,304
1,161
1,151
+12.3%
Free cash flow
2,445
-553
1,757
Free cash flow margin
12.8%
-3.4%
11.8%
Cash from investing
-1,520
-818
-1,411
Cash from financing
-2,256
-623
-108
Depreciation and amortisation
934
748
656
+24.8%
Share-based compensation
210
183
142
+14.5%
Buybacks
1,436
759
588
+89.3%
Dividends paid
929
783
629
+18.6%
Dividend per share
$0.68
$0.55
$0.45
+23.6%
Diluted shares, weighted
1,513m
1,526m
1,525m
-0.8%
Shares outstanding at period end
1,485m
1,499m
1,506m
-0.9%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,818
5,272
4,480
+10.4%
Non-controlling interest
1.8
1.7
2.1
+5.9%
Short-term borrowings
0.0
n/a
n/a
Debt
2,348
2,048
1,299
+14.6%
Other liabilities
4,249
3,431
5,735
+23.8%
Total liabilities and equity
12,416
10,753
11,517
+15.5%
Fixed assets
4,088
3,519
3,200
+16.2%
Goodwill
1,575
856
863
+84.0%
Intangible assets
520
274
275
+90.3%
Investments
394
454
716
-13.2%
Cash and equivalents
1,530
1,708
2,576
-10.4%
Receivables
719
631
561
+13.9%
Inventory
1,306
1,091
1,111
+19.8%
Other assets
2,283
2,220
2,214
+2.8%
Total assets
12,416
10,753
11,517
+15.5%
10-K for the year ended 27 September 2015, filed 12 November 2015: the filing.