Starbucks (SBUX) FY2016 results: revenue $21.3 billion, up 11.2% on the year
Starbucks Corp. (SBUX) reported revenue of $21.3 billion for fiscal 2016, the year ended 2 October 2016, up 11.2% on the year before. Net income was $2.8 billion, up 2.2%, and diluted earnings per share $1.90. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2018.
Revenue
$21.3 billion
+11.2% on the year
FY2009FY2016
Operating margin
19.6%
18.8% a year earlier
FY2009FY2016
Net income
$2.8 billion
+2.2% on the year
FY2009FY2016
Diluted EPS
$1.90
+4.4% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
21,316
19,163
16,448
+11.2%
Cost of revenue
8,511
7,788
6,859
+9.3%
Gross profit
12,805
11,375
9,589
+12.6%
Gross margin
60.1%
59.4%
58.3%
Operating income
4,172
3,601
3,081
+15.9%
Operating margin
19.6%
18.8%
18.7%
Interest expense
81.3
70.5
64.1
+15.3%
Pre-tax income
4,199
3,903
3,160
+7.6%
Income tax
1,380
1,144
1,092
+20.6%
Effective tax rate
32.9%
29.3%
34.6%
Net income
2,818
2,757
2,068
+2.2%
Net margin
13.2%
14.4%
12.6%
Diluted EPS
$1.90
$1.82
$1.35
+4.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
4,698
3,749
608
+25.3%
Capital expenditure
1,440
1,304
1,161
+10.5%
Free cash flow
3,258
2,445
-553
+33.2%
Free cash flow margin
15.3%
12.8%
-3.4%
Cash from investing
-2,223
-1,520
-818
Cash from financing
-1,873
-2,256
-623
Depreciation and amortisation
1,030
934
748
+10.3%
Share-based compensation
218
210
183
+4.0%
Buybacks
1,996
1,436
759
+39.0%
Dividends paid
1,178
929
783
+26.9%
Dividend per share
$0.85
$0.68
$0.55
+25.0%
Diluted shares, weighted
1,487m
1,513m
1,526m
-1.8%
Shares outstanding at period end
1,460m
1,485m
1,499m
-1.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
5,884
5,818
5,272
+1.1%
Non-controlling interest
6.7
1.8
1.7
+272.2%
Short-term borrowings
0.0
0.0
n/a
Debt
3,585
2,348
2,048
+52.7%
Other liabilities
4,854
4,249
3,431
+14.2%
Total liabilities and equity
14,330
12,416
10,753
+15.4%
Fixed assets
4,534
4,088
3,519
+10.9%
Goodwill
1,720
1,575
856
+9.2%
Intangible assets
516
520
274
-0.8%
Investments
1,276
394
454
+224.0%
Cash and equivalents
2,129
1,530
1,708
+39.1%
Receivables
769
719
631
+6.9%
Inventory
1,378
1,306
1,091
+5.5%
Other assets
2,008
2,283
2,220
-12.1%
Total assets
14,330
12,416
10,753
+15.4%
10-K for the year ended 2 October 2016, filed 16 November 2018: the filing.