Starbucks (SBUX) FY2022 results: revenue $32.3 billion, up 11.0% on the year
Starbucks Corp. (SBUX) reported revenue of $32.3 billion for fiscal 2022, the year ended 2 October 2022, up 11.0% on the year before. Net income was $3.3 billion, down 21.9%, and diluted earnings per share $2.83. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2022.
Revenue
$32.3 billion
+11.0% on the year
FY2015FY2022
Operating margin
14.3%
16.8% a year earlier
FY2015FY2022
Net income
$3.3 billion
-21.9% on the year
FY2015FY2022
Diluted EPS
$2.83
-20.1% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
4,397
5,989
1,598
-26.6%
Capital expenditure
1,841
1,470
1,484
+25.3%
Free cash flow
2,556
4,519
114
-43.4%
Free cash flow margin
7.9%
15.6%
0.5%
Cash from investing
-2,146
-320
-1,712
Cash from financing
-5,638
-3,651
1,713
Depreciation and amortisation
1,529
1,524
1,503
+0.3%
Share-based compensation
272
319
249
-14.9%
Buybacks
4,013
0.0
1,699
Dividends paid
2,263
2,119
1,924
+6.8%
Dividend per share
$2.00
$2.29
$1.23
-12.7%
Diluted shares, weighted
1,158m
1,186m
1,182m
-2.3%
Shares outstanding at period end
1,148m
1,180m
1,173m
-2.7%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
-8,707
-5,321
-7,805
Non-controlling interest
7.9
6.7
5.7
+17.9%
Short-term borrowings
n/a
0.0
n/a
Debt
15,044
14,616
16,348
+2.9%
Operating lease liabilities
7,515
7,738
7,662
-2.9%
Other liabilities
14,118
14,353
13,164
-1.6%
Total liabilities and equity
27,978
31,393
29,374
-10.9%
Fixed assets
6,560
6,370
6,241
+3.0%
Goodwill
3,284
3,677
3,597
-10.7%
Intangible assets
156
350
552
-55.4%
Investments
644
444
487
+45.0%
Cash and equivalents
2,818
6,456
4,351
-56.3%
Receivables
1,176
940
883
+25.1%
Inventory
2,177
1,604
1,551
+35.7%
Other assets
11,164
11,552
11,711
-3.4%
Total assets
27,978
31,393
29,374
-10.9%
10-K for the year ended 2 October 2022, filed 18 November 2022: the filing.