Starbucks Corporation
SBUXNASDAQ
$102.18
Last price · USD
- Market cap
- $116.5B
- P/E
- 62.7x
- EV / EBITDA
- 25.6x
- P/S
- 3.1x
- FCF yield
- 2.1%
- Div. yield
- 2.38%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Starbucks Corporation cash flow statement
Annual · USD millions except per-share data · 37 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 1,857 | 3,762 | 4,125 | 3,283 | 4,200 | -18.5% | |
| Depreciation & amortization | 1,772 | 1,592 | 1,450 | 1,529 | 1,524 | +3.8% | |
| Deferred income tax | (91) | (14) | (59) | (38) | (146) | — | |
| Stock-based compensation | 318 | 308 | 303 | 272 | 319 | -0.1% | |
| Change in working capital | (1,494) | (1,049) | (1,133) | (2,133) | (501) | — | |
| Accounts receivables | (90) | 18 | (4) | (326) | (43) | — | |
| Inventory | (408) | 43 | 366 | (641) | (50) | — | |
| Accounts payables | 261 | 28 | 100 | 346 | 190 | +8.3% | |
| Other working capital | (1,257) | (1,138) | (1,596) | (1,511) | (598) | — | |
| Other non-cash items | 2,386 | 1,495 | 1,324 | 1,484 | 593 | +41.6% | |
| Net cash from operating activities | 4,748 | 6,096 | 6,009 | 4,397 | 5,989 | -5.6% | |
| Operating cash flow | 4,748 | 6,096 | 6,009 | 4,397 | 5,989 | -5.6% | |
| Investing activities | |||||||
| Investments in PP&E | (2,305) | (2,777) | (2,334) | (1,841) | (1,470) | — | |
| Capital expenditure | (2,305) | (2,777) | (2,334) | (1,841) | (1,470) | — | |
| Acquisitions, net | (177) | 0 | 0 | 59 | 1,175 | — | |
| Purchases of investments | (334) | (627) | (610) | (378) | (432) | — | |
| Sales / maturities of investments | 393 | 779 | 619 | 140 | 489 | -5.3% | |
| Other investing activities | (62) | (73) | 54 | (126) | (81) | — | |
| Net cash from investing activities | (2,485) | (2,699) | (2,271) | (2,146) | (319) | — | |
| Financing activities | |||||||
| Net debt issuance | 493 | 137 | 359 | 673 | (1,681) | — | |
| Short-term net debt issuance | (5) | (34) | 36 | 175 | (135) | — | |
| Long-term net debt issuance | 499 | 170 | 323 | 498 | (1,546) | — | |
| Net stock issuance | 77 | (1,159) | (817) | (3,911) | 246 | -25.2% | |
| Common stock issuance | 77 | 108 | 167 | 102 | 246 | -25.2% | |
| Common stock repurchased | 0 | (1,267) | (984) | (4,013) | 0 | — | |
| Net common stock issuance | 77 | (1,159) | (817) | (3,911) | 246 | -25.2% | |
| Common dividends paid | (2,771) | (2,585) | (2,432) | (2,263) | (2,119) | — | |
| Net dividends paid | (2,771) | (2,585) | (2,432) | (2,263) | (2,119) | — | |
| Other financing activities | (97) | (111) | (100) | (136) | (97) | — | |
| Net cash from financing activities | (2,298) | (3,718) | (2,991) | (5,638) | (3,651) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | (30) | 57 | (14) | (250) | 86 | — | |
| Net change in cash | (66) | (265) | 733 | (3,637) | 2,105 | — | |
| Cash at beginning of period | 3,286 | 3,552 | 2,818 | 6,456 | 4,351 | -6.8% | |
| Cash at end of period | 3,220 | 3,286 | 3,552 | 2,818 | 6,456 | -16.0% | |
| Free cash flow | 2,442 | 3,318 | 3,675 | 2,556 | 4,519 | -14.3% | |
| Income taxes paid | 716 | 1,373 | 1,294 | 1,158 | 756 | -1.4% | |
| Interest paid | 588 | 571 | 524 | 475 | 501 | +4.1% | |