Earnings quality
Compare earnings and operating cash flow for earnings quality.
Starbucks Corporation
Ticker SBUX · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2025-11-14 · Period end 2017-10-01
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 51.5%; equity ratio is -25.3%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin51.5%
Equity ratio-25.3%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
Starbucks Corporation is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 2064471575 · As of filing date 2025-11-14
Financial statements
Income statement
| Account | FY2017 (ended Jul 02, 2017) | FY2017 (ended Oct 01, 2017) |
|---|---|---|
| Revenue | $5.7B | $5.7B |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit | $5.4B | $2.9B |
| Income tax | $1.2B | $650.6M |
| Net income | $3.8B | $1.9B |
| Basic EPS | 3.32 | 1.63 |
Balance sheet
| Account | FY2017 (ended Jul 02, 2017) | FY2017 (ended Oct 01, 2017) |
|---|---|---|
| Cash & equivalents | $4.4B | $6.5B |
| Current assets | $6.8B | $7.4B |
| Non-current assets* | $24.5B | $24.6B |
| Total assets | $31.3B | $32.0B |
| Current liabilities | $9.1B | $10.2B |
| Non-current liabilities* | $29.7B | $29.9B |
| Total liabilities | $38.8B | $40.1B |
| Stockholders’ equity | -$7.4B | -$8.1B |
Cash flow statement
| Account | FY2017 (ended Jul 02, 2017) | FY2017 (ended Oct 01, 2017) |
|---|---|---|
| Operating cash flow | $6.1B | $4.7B |
| Investing cash flow | -$2.7B | -$2.5B |
| Financing cash flow | -$3.7B | -$2.3B |
| Cash at end of period | $4.4B | $6.5B |
Five-year trends
Key metrics
| Metric | Trend | FY2016 | FY2017 | FY2017 | FY2017 | FY2017 |
|---|---|---|---|---|---|---|
| Revenue | $5.7B | $5.7B | $5.3B | $5.7B | $5.7B | |
| Operating profit | $4.2B | $1.1B | $935.4M | $1.0B | $4.1B | |
| Net income | $2.8B | $751.8M | $652.8M | $691.6M | $2.9B | |
| Total assets | $14.3B | — | — | — | $14.4B | |
| Cash & equivalents | $2.1B | — | — | — | $2.5B | |
| Stockholders’ equity | $5.9B | — | — | — | $5.5B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $5.7B to $5.7B (▲ +0.7%). Operating profit went from $5.4B to $2.9B (▼ -45.7%).
Operating cash flow was $4.7B (prior $6.1B), with cash on the balance sheet at $6.5B versus $4.4B.
Liquidity & leverage
Cash moved from $4.4B to $6.5B; current liabilities $10.2B.
Capital buffer
Stockholders’ equity moved from -$7.4B to -$8.1B.
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Source: SEC EDGAR 0000829224-25-000114
(Starbucks Corporation), period end 2017-10-01.