Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Adjustments to Financial Statements

Microsoft Excel

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Adjustments to Current Assets

Starbucks Corp., adjusted current assets

US$ in thousands

Microsoft Excel
Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Current assets
Adjustments
Add: Allowance for credit losses
After Adjustment
Adjusted current assets

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).


Adjustments to Total Assets

Starbucks Corp., adjusted total assets

US$ in thousands

Microsoft Excel
Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Total assets
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)1
Add: Allowance for credit losses
Less: Deferred income tax assets2
After Adjustment
Adjusted total assets

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

1 Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

2 Deferred income tax assets. See details »


Adjustments to Current Liabilities

Starbucks Corp., adjusted current liabilities

US$ in thousands

Microsoft Excel
Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Current liabilities
Adjustments
Less: Current stored value card liability and current portion of deferred revenue
After Adjustment
Adjusted current liabilities

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).


Adjustments to Total Liabilities

Starbucks Corp., adjusted total liabilities

US$ in thousands

Microsoft Excel
Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Total liabilities
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)1
Less: Deferred income tax liabilities (included in Other long-term liabilities)2
Less: Stored value card liability and deferred revenue
After Adjustment
Adjusted total liabilities

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Deferred income tax liabilities (included in Other long-term liabilities). See details »


Adjustments to Stockholders’ Equity

Starbucks Corp., adjusted shareholders’ equity (deficit)

US$ in thousands

Microsoft Excel
Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Shareholders’ equity (deficit)
Adjustments
Less: Net deferred tax asset (liability)1
Add: Allowance for credit losses
Add: Stored value card liability and deferred revenue
Add: Noncontrolling interests
After Adjustment
Adjusted total equity (deficit)

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

1 Net deferred tax asset (liability). See details »


Adjustments to Capitalization Table

Starbucks Corp., adjusted capitalization table

US$ in thousands

Microsoft Excel
Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Current portion of long-term debt
Long-term debt, excluding current portion
Total reported debt
Shareholders’ equity (deficit)
Total reported capital
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)1
Add: Current portion of operating lease liability2
Add: Operating lease liability, excluding current portion3
Adjusted total debt
Adjustments to Equity
Less: Net deferred tax asset (liability)4
Add: Allowance for credit losses
Add: Stored value card liability and deferred revenue
Add: Noncontrolling interests
Adjusted total equity (deficit)
After Adjustment
Adjusted total capital

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

1 Operating lease liability (before adoption of FASB Topic 842). See details »

2 Current portion of operating lease liability. See details »

3 Operating lease liability, excluding current portion. See details »

4 Net deferred tax asset (liability). See details »


Adjustments to Revenues

Starbucks Corp., adjusted net revenues

US$ in thousands

Microsoft Excel
12 months ended: Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Net revenues
Adjustment
Add: Increase (decrease) in stored value card liability and deferred revenue
After Adjustment
Adjusted net revenues

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).


Adjustments to Reported Income

Starbucks Corp., adjusted net earnings attributable to Starbucks

US$ in thousands

Microsoft Excel
12 months ended: Oct 1, 2023 Oct 2, 2022 Oct 3, 2021 Sep 27, 2020 Sep 29, 2019 Sep 30, 2018
As Reported
Net earnings attributable to Starbucks
Adjustments
Add: Deferred income tax expense (benefit)1
Add: Increase (decrease) in allowance for credit losses
Add: Increase (decrease) in stored value card liability and deferred revenue
Add: Other comprehensive income (loss), net of tax
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest
After Adjustment
Adjusted net earnings including noncontrolling interests

Based on: 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30).

1 Deferred income tax expense (benefit). See details »