Starbucks (SBUX) FY2021 results: revenue $29.1 billion, up 23.6% on the year
Starbucks Corp. (SBUX) reported revenue of $29.1 billion for fiscal 2021, the year ended 3 October 2021, up 23.6% on the year before. Net income was $4.2 billion, up 352.4%, and diluted earnings per share $3.54. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2021.
Revenue
$29.1 billion
+23.6% on the year
FY2014FY2021
Operating margin
16.8%
6.6% a year earlier
FY2014FY2021
Net income
$4.2 billion
+352.4% on the year
FY2014FY2021
Diluted EPS
$3.54
+348.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
5,989
1,598
5,047
+274.8%
Capital expenditure
1,470
1,484
1,807
-0.9%
Free cash flow
4,519
114
3,240
+3,857.2%
Free cash flow margin
15.6%
0.5%
12.2%
Cash from investing
-320
-1,712
-1,011
Cash from financing
-3,651
1,713
-10,057
Depreciation and amortisation
1,524
1,503
1,449
+1.4%
Share-based compensation
319
249
308
+28.4%
Buybacks
0.0
1,699
10,222
Dividends paid
2,119
1,924
1,761
+10.2%
Dividend per share
$2.29
$1.23
$1.49
+86.2%
Diluted shares, weighted
1,186m
1,182m
1,233m
+0.3%
Shares outstanding at period end
1,180m
1,173m
1,185m
+0.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-5,321
-7,805
-6,232
Non-controlling interest
6.7
5.7
1.2
+17.5%
Short-term borrowings
0.0
n/a
0.0
Debt
14,616
16,348
11,167
-10.6%
Operating lease liabilities
7,738
7,662
0.0
+1.0%
Other liabilities
14,353
13,164
14,284
+9.0%
Total liabilities and equity
31,393
29,374
19,220
+6.9%
Fixed assets
6,370
6,241
6,432
+2.1%
Goodwill
3,677
3,597
3,491
+2.2%
Intangible assets
350
552
782
-36.6%
Investments
444
487
290
-8.9%
Cash and equivalents
6,456
4,351
2,687
+48.4%
Receivables
940
883
879
+6.4%
Inventory
1,604
1,551
1,529
+3.4%
Other assets
11,552
11,711
3,130
-1.4%
Total assets
31,393
29,374
19,220
+6.9%
10-K for the year ended 3 October 2021, filed 19 November 2021: the filing.