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StarbucksCoffeeCompany
SeethefollowingpageforareconciliationofGAAPtononGAAPmeasures.
NetRevenues(inbillions) ComparableStoreSalesGrowth
(CompanyOperatedStoresOpen13MonthsorLonger)
8%
$19.2
7% 7% 7%
$16.4
$14.9 6%
$13.3
$11.7
FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15
($325)
(2.2%)
FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15
OperatingCashFlow&CapitalExpenditures(inmillions) $3,749
EarningsPerDilutedShare*
$1.82 NonGAAPOperatingCashFlow $3,372
GAAP NonGAAP
$1.58 GAAPOperatingCashFlow $2,908
CapitalExpenditures
$1.35 $1.33
$1.10
$1,750
$0.90 $1,612
$0.81
$0.76 $1,304
$1,151 $1,161
$856
$532 $608
$0.01
FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15
*Adjustedfor twoforonestocksplitannouncedMarch19,2015.
NonGAAPOPERATINGINCOMERECONCILIATION FY11 FY12 FY13 FY14 FY15
GAAP $1,728.5
GainonacquisitionofSwitzerlandandAustriajointventureoperations (30.2)
NonGAAP $1,698.3
GAAP $1,997.4
GAAP $(325.4)
LitigationchargeresultingfromKraftArbitration 2,784.1
NonGAAP $2,458.7
GAAP $3,081.1
LitigationcreditresultingfromKraftArbitration (20.2)
CostsfromtransactionsinQ42014(1) 2.4
NonGAAP $3,063.3
GAAP $3,601.0
(2)
StarbucksJapanacquisitionrelateditemsother 54.6
NonGAAP $3,655.6
(1)
IncludesaportionofthetransactioncostsincurredinQ4FY14relatedtotheacquisitionofStarbucksJapanandcosts
relatedtothesaleofourAustraliaretailoperationsinQ4FY14.Theremainingmajorityoftheimpactfromthesetransactions
isincludedinnetinterestincomeandother.
(2)
Includesongoingamortizationexpenseofacquiredintangibleassetsandtransactionandintegrationcosts.
(1)
IncludesaportionofthetransactioncostsincurredinQ4FY14relatedtotheacquisitionofStarbucksJapanandcosts
relatedtothesaleofourAustraliaretailoperationsinQ4FY14.Theremainingmajorityoftheimpactfromthesetransactions
isincludedinnetinterestincomeandother.
(2)
Includesongoingamortizationexpenseofacquiredintangibleassetsandtransactionandintegrationcosts.
(1)
ThenetbenefitfromtransactionsinQ4FY14relatesprimarilytoa$0.02gainonthesaleofourMalaysiaequitymethod
investment,partiallyoffsetbyalossonthesaleofourAustraliaretailoperationsandtransactioncostsincurredinQ4FY14
relatedtotheacquisitionofStarbucksJapan.
(2)
GainrepresentsthefairvalueadjustmentofStarbuckspreexisting39.5%ownershipinterestinStarbucksJapanupon
acquisition.
(3)
Includesongoingamortizationexpenseofacquiredintangibleassetsandtransactionandintegrationcosts.
(4)
Representsthelossonextinguishmentofdebt($61.1M),whichiscomprisedofthecostoftheoptionalredemptionprovision,
unamortizeddebtissuancecosts,andunamortizeddiscountassociatedwiththe$550millionof6.250%2017SeniorNotes
redeemedinQ4FY15,aswellastherelatedunamortizedinterestratehedgeloss($2.0M),whichwasrecordedininterestexpense.
(5)
RepresentstheincrementalbenefitrelatedtoadditionaldomesticmanufacturingdeductionstobeclaimedinourU.S.
consolidatedtaxreturnsforFY10throughFY14andthroughQ3FY15.
NonGAAPOPERATINGCASHFLOWRECONCILIATION FY14
GAAP $607.8
Kraftarbitrationsettlementcashpayment 2,763.9
NonGAAP $3,371.7