starbucks equity, debt and subsidiaries

Accuracy score :
97%

Starbucks Corp  SBUX

Summary (from latest annual report – 2015)

  • Total equity: 5.81 billion USD
  • Market Cap is 82.7 billion USD ( last price of the stock is 56.42 USD)
  • Starbucks Corporation is an American coffee company and coffeehouse chain. Starbucks was founded in Seattle, Washington in 1971. Today it operates in more than 23,500 locations worldwide (in 68 countries), including 13,100 in the United States, 2,204 in China, 1,418 in Canada, 1,160 in Japan, 872 in South Korea..
  • Equity of total company increased from 5.27 billion USD in 2014 to 5.81 billion in 2015
  • Company has 1.5 billion USD in cash on account (from latest annual report2015 year)
  • Total equity – cash on account = 5.81 billion USD – 1.5 billion USD = 4.31 billion USD
  • In 2015 company has 2.34 billion USD long-term debt, short – term debt was 1.5 billion USD(In 2014 company had 436 million USD short-term debt , long-term debt was 2.04 billion USD)
  • SBUX balance sheet has become stronger in 2015 (In latest annual report - total equity increased to 5.81 billion  USD from 5.27 billion USD in 2014, total debt was 3.84 billion USD in 2015)
  • Company's revenue increased in 2015 to 19.16 billion USD from 16.44 billion in 2014
  • Net income in 2015 was 2.75 billion USD, Net income in 2014 was 2.06 billion USD
  • In 2015 company paid 929 million USD dividend to its shareholders

 

Starbucks Corp Subsidiaries  SBUX

 

Starbucks Corporation is an American coffee company and coffeehouse chain. Starbucks was founded in Seattle, Washington in 1971. Today it operates in more than 23,500 locations worldwide (in 68 countries), including 13,100 in the United States, 2,204 in China, 1,418 in Canada, 1,160 in Japan, 872 in South Korea.. Starbucks is considered the main representative of "second wave coffee", initially distinguishing itself from other coffee-serving venues in the US by taste, quality, and customer experience, while popularizing darkly roasted coffee.

China is Starbucks fastest-growing market, the number of Starbucks stores in China is expected to double in the next few years. Currently Starbucks has 2,204 stores in China, and company is planning to grow its store base to 3,400 by 2019. Tea originated in China, and it consumes more of it than any other country in the world. By the end of 2015, all teas sold in China through Starbucks locations will be switched over to the Teavana brand.

Starbucks operates in more than 23,500 locations worldwide (in 68 countries):

  • US division worth 45 billion USD
  • China division worth 11 billion USD
  • Canada division worth 5 billion USD
  • Japan division worth 4 billion USD
  • South Korea division worth 3 billion USD
  • GB division worth 3 billion USD
  • Mexico and Taiwan divisions worth 3 billion USD
  • Starbucks divisions in other countries worth 8 billion USD

 

SBUX standalone subsidiaries and acquisitions :

  • Starbucks entered the U.K. market in 1998 with the 83 million USD acquisition of the then 56-outlet, UK-based Seattle Coffee Company, re-branding all the stores as Starbucks
  • In 1999 Starbucks purchased Tazo Tea for 8.1 million USD
  • In April 2003, Starbucks completed the purchase of Seattle's Best Coffee and Torrefazione Italia from AFC Enterprises for 72 million USD
  • In 2003, Starbucks reportedly paid 21.3 million USD to raise its stake in Shanghai Uni-President Starbucks Coffee Ltd. from 5 percent to 50 percent, and later bought the remaining 50 percent - worth 50 million USD
  • In 2005 Starbucks purchased Ethos Water for 8 million USD
  • In September 2006, rival Diedrich Coffee announced that it would sell most of its company-owned retail stores to Starbucks for 13.5 million USD
  • In 2011 Starbucks acquired juice company Evolution Fresh for 30 million USD
  • On November 14, 2012, Starbucks announced the purchase of Teavana for 620 million USD in cash and the deal was formally closed on December 31, 2012
  • In 2012 Starbucks acquired La Boulange for 100 million USD
  • In September 2014, it was revealed that Starbucks would acquire the remaining 60.5 percent stake in Starbuck Coffee Japan that it does not already own, at a price of 913.5 million USD, total worth is 1.5 billion USD
  • North American Coffee Partnership - Starbucks and PepsiCo have entered into an agreement for the marketing, sale and distribution of coffee and energy beverages worth 3 billion USD
  • Standalone subsidiaries: Coffee Equipment Company, High Grown Investment Group, Coffee Concepts, CHH Cafe, AmRest Coffee - worth 450 million USD

 

Total = 7.46 billion usd

Opinion about the company

Fundamentally it is a good company and in the future we can expect its growth (Total debt is 3.84 billion usd, company has 1.5 billion USD in cash on account, ROE is around 45 %).