Vertical Analysis

Starbucks Balance
Sheet (3-year)
9/29/2021 9/29/2020 9/29/2019
Amount (In Amount(In Amount (In
thousands) Percent thousands) Percent thousands) Percent
Assets:*
Current Assets
Cash, Cash Equivalents 6,617,900 21.08% 4,632,100 15.77% 2,757,100 14.34%
Receivables 1,133,100 3.62% 1,395,400 4.75% 1,020,300 5.31%
Inventory 1,603,900 5.11% 1,551,400 5.28% 1,529,400 7.96%
Prepaid Assets 401,500 1.27% 227,500 0.77% 347,100 1.81%
Total Current Assets 9,756,400 31.08% 7,806,400 26.57% 5,653,900 29.42%

Non-current Assets
Net PPE 14,605,500 46.52% 14,375,500 48.94% 6,431,700 33.46%
Goodwill and other
Intangible Assets 4,027,200 12.82% 4,149,300 14.12% 4,272,600 22.23%
Investments and
Advances 550,200 1.75% 684,800 2.33% 616,000 3.20%
Non-current Deferred
Assets 1,874,800 5.97% 1,789,900 6.09% 1,765,800 9.19%
Other Non Current 578,500 1.84% 568,600 1.93% 479,600 2.49%
Assets
Total non-current
assets 21,636,200 68.92% 21,568,100 73.43% 13,565,700 70.58%
Total Assets 31,392,600 100.0% 29,374,500 100% 19,219,600 100%

Liabilities & Equity:

Current Liabilities
Payables and Accrued
Expenses 4,075,800 12.98% 2,708,900 9.22% 4,679,200 24.35%
Current Provision 229,300 0.73% 243,900 0.83% 210,500 1.09%
Current Debt and Capital
Lease Oblig. 2,250,200 7.17% 2,937,500 10.00%
Current Deferred
Liabilities 1,596,100 5.08% 1,456,500 4.96% 1,296,000 6.74%
Total Current Liabilities 8,151,400 25.96% 7,346,800 25.01% 6,168,700 32.10%

Non-current Liabilities
Long term Debt and
Capital Lease Oblig. 21,354,900 68.02% 22,321,300 75.99% 11,167,000 58.10%
Non Current Deferred
Liabilities 6,463,000 20.59% 6,598,500 22.46% 6,744,400 35.09%
Other Non Current
Liabilities 737,800 2.35% 907,300 3.09% 1,370,500 7.13%
Total non-current 28,555,700 90.96% 29,827,100 101.54% 19,281,900 100.32%
liabilities
Total Liabilities 36,707,100 116.93% 37,173,900 126.55% 25,450,600 132.42%

Equity Gross Minority

Interest
Shareholders' Equity -5,321,200 -16.95% -7,805,100 -26.57% -6,232,200 -32.43%
Minority Interest 6,700 0.02% 5,700 0.02 1,200 0.01
Total Equity -5,327,900 -16.97% -7,810,800 -26.59% -6,233,400 -32.42%
Total Liabilities &
Equity 31,392,600 100% 29,374,500 100% 19,219,600 100%

Questions
1. What might be included as part of Starbucks' assets?
Current and Noncurrent assets, check the (*) for the variation in accounts

2. How does this analysis assist you in evaluating the financials of Starbucks?
It can help in determining the comparability between every period to determine changes in percent that will assist in
decision making. 4