2020 Q4 Form 10-Q Financial Statement

#000082922421000029 Filed on January 26, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4
Revenue $6.749B $7.097B
YoY Change -4.9% 7.0%
Cost Of Revenue $4.916B $2.236B
YoY Change 119.84% 2.79%
Gross Profit $1.833B $4.861B
YoY Change -62.29% 9.06%
Gross Profit Margin 27.16% 68.49%
Selling, General & Admin $472.1M $434.2M
YoY Change 8.73% -6.28%
% of Gross Profit 25.76% 8.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $388.4M $369.2M
YoY Change 5.2% 5.25%
% of Gross Profit 21.19% 7.6%
Operating Expenses $930.0M $887.0M
YoY Change 4.85% -0.33%
Operating Profit $913.5M $1.220B
YoY Change -25.11% 20.09%
Interest Expense $120.7M $91.90M
YoY Change 31.34% 22.53%
% of Operating Profit 13.21% 7.53%
Other Income/Expense, Net
YoY Change
Pretax Income $808.3M $1.144B
YoY Change -29.33% 18.47%
Income Tax $186.1M $258.5M
% Of Pretax Income 23.02% 22.6%
Net Earnings $622.2M $885.7M
YoY Change -29.75% 16.45%
Net Earnings / Revenue 9.22% 12.48%
Basic Earnings Per Share $0.53 $0.75
Diluted Earnings Per Share $0.53 $0.74
COMMON SHARES
Basic Shares Outstanding 1.175B shares 1.180B shares
Diluted Shares Outstanding 1.183B shares 1.191B shares

Balance Sheet

Concept 2020 Q4 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.264B $3.109B
YoY Change 69.31% -37.72%
Cash & Equivalents $5.028B $3.041B
Short-Term Investments $236.0M $68.00M
Other Short-Term Assets $253.0M $333.0M
YoY Change -24.02% -31.62%
Inventory $1.472B $1.409B
Prepaid Expenses
Receivables $888.0M $908.1M
Other Receivables $482.0M $141.0M
Total Short-Term Assets $8.358B $5.900B
YoY Change 41.66% -23.14%
LONG-TERM ASSETS
Property, Plant & Equipment $6.178B $6.391B
YoY Change -3.33% 5.82%
Goodwill $3.707B $3.516B
YoY Change 5.43% -1.25%
Intangibles $506.4M $739.1M
YoY Change -31.48% -24.7%
Long-Term Investments $687.0M $611.0M
YoY Change 12.44% 1.66%
Other Assets $541.1M $484.7M
YoY Change 11.64% 2.54%
Total Long-Term Assets $21.61B $21.83B
YoY Change -1.01% 77.42%
TOTAL ASSETS
Total Short-Term Assets $8.358B $5.900B
Total Long-Term Assets $21.61B $21.83B
Total Assets $29.97B $27.73B
YoY Change 8.07% 38.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.051B $1.086B
YoY Change -3.22% -1.35%
Accrued Expenses $1.617B $1.638B
YoY Change -1.28% -36.12%
Deferred Revenue
YoY Change
Short-Term Debt $492.6M $497.9M
YoY Change -1.06%
Long-Term Debt Due $750.0M $498.7M
YoY Change 50.39%
Total Short-Term Liabilities $7.884B $8.676B
YoY Change -9.12% 59.84%
LONG-TERM LIABILITIES
Long-Term Debt $14.67B $10.65B
YoY Change 37.74% 16.67%
Other Long-Term Liabilities $15.32B $15.16B
YoY Change 1.01% 82.63%
Total Long-Term Liabilities $14.67B $10.65B
YoY Change 37.74% 16.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.884B $8.676B
Total Long-Term Liabilities $14.67B $10.65B
Total Liabilities $37.87B $34.49B
YoY Change 9.81% 50.88%
SHAREHOLDERS EQUITY
Retained Earnings -$8.254B -$6.415B
YoY Change 28.66% -471.79%
Common Stock $489.8M $42.30M
YoY Change 1057.92% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$7.910B -$6.760B
YoY Change
Total Liabilities & Shareholders Equity $29.97B $27.73B
YoY Change 8.07% 38.79%

Cashflow Statement

Concept 2020 Q4 2019 Q4
OPERATING ACTIVITIES
Net Income $622.2M $885.7M
YoY Change -29.75% 16.45%
Depreciation, Depletion And Amortization $388.4M $369.2M
YoY Change 5.2% 5.25%
Cash From Operating Activities $1.836B $1.836B
YoY Change -0.02% -22.82%
INVESTING ACTIVITIES
Capital Expenditures $324.2M $394.3M
YoY Change -17.78% -8.6%
Acquisitions
YoY Change
Other Investing Activities $17.70M $19.90M
YoY Change -11.06% 19.88%
Cash From Investing Activities -$272.5M -$386.3M
YoY Change -29.46% -24.31%
FINANCING ACTIVITIES
Cash Dividend Paid $528.2M $484.2M
YoY Change 9.09% 8.39%
Common Stock Issuance & Retirement, Net -$102.8M $1.058B
YoY Change -109.71% -78.86%
Debt Paid & Issued, Net -$500.0M $0.00
YoY Change -100.0%
Cash From Financing Activities -$965.8M -$1.123B
YoY Change -14.0% -80.83%
NET CHANGE
Cash From Operating Activities $1.836B $1.836B
Cash From Investing Activities -$272.5M -$386.3M
Cash From Financing Activities -$965.8M -$1.123B
Net Change In Cash $597.4M $326.8M
YoY Change 82.8% -108.19%
FREE CASH FLOW
Cash From Operating Activities $1.836B $1.836B
Capital Expenditures $324.2M $394.3M
Free Cash Flow $1.512B $1.442B
YoY Change 4.83% -25.97%

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CY2019Q4 us-gaap Variable Lease Cost
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CY2019Q4 us-gaap Short Term Lease Cost
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CY2019Q4 us-gaap Lease Cost
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CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2020Q4 us-gaap Operating Lease Liability
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9022100000 USD
CY2020Q4 sbux Lessee Operating Lease Lease Not Yet Commenced Amount
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CY2019Q4 us-gaap Deferred Revenue Revenue Recognized1
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44200000 USD
CY2020Q4 us-gaap Deferred Revenue Revenue Recognized1
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CY2020Q4 us-gaap Common Stock Shares Authorized
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CY2020Q3 us-gaap Dividends Payable Amount Per Share
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CY2020Q4 us-gaap Dividends Payable Amount Per Share
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CY2020Q4 us-gaap Allocated Share Based Compensation Expense
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CY2019Q4 us-gaap Allocated Share Based Compensation Expense
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CY2020Q4 us-gaap Net Income Loss
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CY2019Q4 us-gaap Net Income Loss
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CY2020Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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8000000.0 shares
CY2019Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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10600000 shares
CY2020Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q4 us-gaap Earnings Per Share Basic
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CY2019Q4 us-gaap Earnings Per Share Basic
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CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2020Q4 us-gaap Factors Used To Identify Entitys Reportable Segments
FactorsUsedToIdentifyEntitysReportableSegments
Segment information is prepared on the same basis that our ceo, who is our Chief Operating Decision Maker, manages the segments, evaluates financial results and makes key operating decisions.
CY2020Q4 us-gaap Revenues
Revenues
6749400000 USD
CY2019Q4 us-gaap Revenues
Revenues
7097100000 USD
CY2020Q4 us-gaap Revenues
Revenues
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CY2020Q4 us-gaap Depreciation And Amortization
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CY2020Q4 us-gaap Income Loss From Equity Method Investments
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CY2020Q4 us-gaap Operating Income Loss
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CY2019Q4 us-gaap Revenues
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CY2019Q4 us-gaap Depreciation And Amortization
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IncomeLossFromEquityMethodInvestments
73900000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
1219800000 USD

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