Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - STARBUCKS CORP | Financial_Report.xls |
| EX-31.2 - EXHIBIT 31.2 - STARBUCKS CORP | sbux-9282014xexhibit312.htm |
| EX-31.1 - EXHIBIT 31.1 - STARBUCKS CORP | sbux-9282014xexhibit311.htm |
| EX-10.33 - EXHIBIT 10.33 - STARBUCKS CORP | sbux-9282014xexhibit1033.htm |
| EX-21 - EXHIBIT 21 - STARBUCKS CORP | sbux-9282014xexhibit21.htm |
| EX-23 - EXHIBIT 23 - STARBUCKS CORP | sbux-9282014xexhibit23.htm |
| EX-32 - EXHIBIT 32 - STARBUCKS CORP | sbux-9282014xexhibit32.htm |
| 10-K - 10-K - STARBUCKS CORP | sbux-9282014x10k.htm |
EXHIBIT 12
Starbucks Corporation
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions, except ratios)
Sep 28, 2014 | Sep 29, 2013 | Sep 30, 2012 | Oct 2, 2011 | Oct 3, 2010 | ||||||||||||||||
Fiscal year ended | ||||||||||||||||||||
Earnings/(loss)(1) | $ | 3,159.7 | $ | (229.9 | ) | $ | 2,059.1 | $ | 1,811.1 | $ | 1,437.0 | |||||||||
Income from equity investees | (268.3 | ) | (251.4 | ) | (210.7 | ) | (173.7 | ) | (148.1 | ) | ||||||||||
Distributed income from equity investees | 139.2 | 115.6 | 86.7 | 85.6 | 91.4 | |||||||||||||||
Amortization of capitalized interest | 3.6 | 2.6 | 2.2 | 1.8 | 1.2 | |||||||||||||||
Fixed charges, excluding capitalized interest | 310.1 | 237.7 | 224.5 | 252.0 | 266.3 | |||||||||||||||
Total earnings/(loss) available for fixed charges | $ | 3,344.3 | $ | (125.4 | ) | $ | 2,161.8 | $ | 1,976.8 | $ | 1,647.8 | |||||||||
Fixed charges: | ||||||||||||||||||||
Interest and debt expense(2) | $ | 70.2 | $ | 38.5 | $ | 35.9 | $ | 37.7 | $ | 37.7 | ||||||||||
Interest portion of rental expense | 246.0 | 209.6 | 191.8 | 218.7 | 233.5 | |||||||||||||||
Total fixed charges | $ | 316.2 | $ | 248.1 | $ | 227.7 | $ | 256.4 | $ | 271.2 | ||||||||||
Ratio of earnings to fixed charges(3) | 10.6 | — | 9.5 | 7.7 | 6.1 | |||||||||||||||
(1) Earnings/(loss) represents income/(loss) from continuing operations before income taxes.
(2) Includes amortization of debt-related expenses and interest capitalized during the period. Excludes interest on uncertain tax positions, which is recorded in income tax expense/(benefit) in the consolidated statements of earnings.
(3) For the fiscal year ended September 29, 2013, our earnings were insufficient to cover fixed charges by $373.5 million.