STARBUCKS CORP
For the period ended Dec 31, 2023. Filed Jan 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Jan 30, 2024
SBUX$109.95+0.5%Stored close · as of Nov 10, 2026
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Supplemental Balance Sheet and Statement of Earnings Information
Note 5: Supplemental Balance Sheet and Statement of Earnings Information (in millions):
Property, Plant and Equipment, net
| Dec 31, 2023 | Oct 1, 2023 | |
|---|---|---|
| Land | $46.1 | $46.1 |
| Buildings | 678.4 | 666.5 |
| Leasehold improvements | 10,321.7 | 10,133.7 |
| Store equipment | 3,432.6 | 3,332.5 |
| Roasting equipment | 886.7 | 859.4 |
| Furniture, fixtures and other | 1,717.4 | 1,664.5 |
| Work in progress | 610.3 | 607.5 |
| Property, plant and equipment, gross | 17,693.2 | 17,310.2 |
| Accumulated depreciation | (10,081.5) | (9,923.1) |
| Property, plant and equipment, net | $7,611.7 | $7,387.1 |
Accrued Liabilities
| Dec 31, 2023 | Oct 1, 2023 | |
|---|---|---|
| Accrued occupancy costs | $84.7 | $86.7 |
| Accrued dividends payable | 645.2 | 651.2 |
| Accrued capital and other operating expenditures | 745.9 | 771.7 |
| Insurance reserves | 251.0 | 233.5 |
| Income taxes payable | 374.6 | 189.3 |
| Accrued business taxes | 225.5 | 212.7 |
| Total accrued liabilities | $2,326.9 | $2,145.1 |
Store Operating Expenses
| Quarter Ended | ||
|---|---|---|
| Dec 31, 2023 | Jan 1, 2023 | |
| Wages and benefits | $2,209.3 | $2,215.7 |
| Occupancy costs | 745.7 | 671.5 |
| Other expenses | 896.5 | 778.1 |
| Total store operating expenses | $3,851.5 | $3,665.3 |
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