Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Starbucks Corp., consolidated balance sheet: assets (quarterly data)

US$ in thousands

Microsoft Excel
Mar 29, 2026 Dec 28, 2025 Sep 28, 2025 Jun 29, 2025 Mar 30, 2025 Dec 29, 2024 Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Jan 1, 2023 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Jan 2, 2022 Oct 3, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Prepaid expenses and other current assets
Assets held for sale
Current assets
Long-term investments
Equity investments
Property, plant and equipment, net
Operating lease, right-of-use asset
Deferred income taxes, net
Other long-term assets
Other intangible assets
Goodwill
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-K (reporting date: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-Q (reporting date: 2023-01-01), 10-K (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-Q (reporting date: 2022-01-02), 10-K (reporting date: 2021-10-03), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29).


Total assets exhibited a general upward trajectory from December 2019 through June 2025, rising from approximately 27.7 billion US dollars to a peak of 33.6 billion US dollars. However, a subsequent contraction is observed in the final two quarters, with total assets declining to 30.5 billion US dollars by March 2026. This overall movement reflects a period of expansion followed by a significant strategic shift in asset composition.

Liquidity and Current Asset Trends
Cash and cash equivalents showed significant volatility, reaching a peak of approximately 6.4 billion US dollars in October 2021 before stabilizing and eventually dropping sharply to 1.5 billion US dollars by March 2026. In contrast, accounts receivable and inventories demonstrated consistent long-term growth. Accounts receivable increased from 908.1 million US dollars in 2019 to 1.28 billion US dollars in 2026, while inventories rose from 1.4 billion US dollars to 2.15 billion US dollars over the same period, suggesting an increase in the scale of operational throughput.
Fixed Asset and Infrastructure Investment
Property, plant, and equipment (net) saw a steady increase from 6.39 billion US dollars in December 2019 to a peak of 8.89 billion US dollars in April 2023, indicating a sustained period of capital expenditure. This trend reversed in late 2024 and 2025, with values falling to 7.18 billion US dollars by March 2026. Similarly, right-of-use assets for operating leases peaked at 9.58 billion US dollars in June 2025 before declining to 8.18 billion US dollars in the final quarter, suggesting a reduction in the leased store footprint or a renegotiation of lease terms.
Intangible Assets and Strategic Reclassifications
A profound shift occurred in the valuation of intangible assets and goodwill during the latter part of 2025. Goodwill remained relatively stable around 3.3 billion to 3.7 billion US dollars for several years, but crashed to 1.3 billion US dollars by December 2025. Simultaneously, "Assets held for sale" appeared for the first time in December 2025 at 4.7 billion US dollars and rose to 5.04 billion US dollars by March 2026. This indicates a major divestiture or the decision to sell a significant business segment, effectively shifting value from long-term operational assets to current assets intended for liquidation.
Other Long-Term Asset Movements
Deferred income taxes remained relatively stable, fluctuating between 1.5 billion and 1.8 billion US dollars. Other intangible assets showed a consistent downward trend from 739.1 million US dollars in 2019 to approximately 176 million US dollars in 2026, likely reflecting the amortization of acquired intangible assets over time.

Assets: Selected Items


Current Assets: Selected Items