Starbucks Corporation (SBUX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 364.5M | 1.6B | 1.38B | 1B | 292M | 2.07B | 1.54B | 1.67B | 506M | 2.38B | 1.95B | 1.7B | 767.6M | 1.59B | 1.1B | 1.26B | 161.9M | 1.87B | 1.52B | 1.75B |
| Operating CF Margin % | 3.82% | 16.12% | 14.44% | 10.59% | 3.33% | 22.05% | 16.92% | 18.32% | 5.91% | 25.29% | 20.75% | 18.57% | 8.8% | 18.28% | 13.07% | 15.52% | 2.12% | 23.24% | 18.67% | 23.33% |
| Operating CF Growth % | 24.83% | -22.89% | -10.02% | -40.02% | -42.29% | -13.08% | -21.05% | -1.93% | -34.08% | 49.63% | 76.87% | 34.64% | 374.12% | -14.84% | -27.68% | -27.68% | -81.68% | 1.92% | 2.01% | 575.63% |
| Net Income | 510.8M | 293.3M | 133.1M | 558.4M | 384.2M | 780.9M | 909.3M | 1.05B | 772.4M | 1.02B | 1.22B | 1.14B | 908.4M | 855.2M | 878.6M | 913.7M | 675M | 816.1M | 1.76B | 1.15B |
| Depreciation & Amortization | 389.2M | 3.15B | 430.8M | 448M | 435.3M | 432.2M | 401.4M | 407.4M | 399.2M | 384.4M | 376.5M | 364.5M | 366.8M | 342.5M | 360.4M | 391.3M | 391.3M | 386.4M | 377.9M | 373.3M |
| Stock-Based Compensation | 93.2M | 126.1M | 0 | 66M | 77.7M | 100.6M | 71.7M | 63.6M | 78.2M | 94.8M | 74.2M | 69.2M | 74.1M | 85.2M | 64.9M | 57.3M | 53.4M | 95.8M | 63.8M | 80M |
| Deferred Taxes | 60.4M | -2.54B | -138.7M | 60.5M | 2.5M | -14.9M | -30.4M | 12.6M | -22.1M | 26.1M | -29.2M | -32.8M | -13.2M | 15.8M | -72.8M | 6.6M | 28.7M | -300K | -33M | -88M |
| Other Non-Cash Items | 290.7M | 628.3M | 1.22B | 346M | 359M | 556.4M | 310.8M | 415.2M | 400.3M | 370.3M | 350.9M | 403.2M | 289.4M | 280.3M | 377.6M | 394M | 337.7M | 374.5M | -525M | 341.2M |
| Working Capital Changes | -979.8M | -58.4M | -267.3M | -477.2M | -966.7M | 216.8M | -127.2M | -283.5M | -1.12B | 483.9M | -46.7M | -243M | -857.9M | 14.2M | -509M | -498.2M | -1.32B | 198.4M | -127.6M | -111.7M |
| Change in Receivables | -83.2M | -200K | -43.3M | -63.4M | 92.8M | -75.8M | -26.3M | -41.7M | 44.1M | 42.3M | -48.4M | 18.1M | -15.8M | 42M | -80.6M | -183.4M | 29.5M | -91.6M | -29.9M | -25.9M |
| Change in Inventory | -58.6M | -31.8M | 69.2M | -196.6M | -306.1M | 25.1M | 96.2M | -117.9M | -109.8M | 174.3M | 171.9M | -100K | 86.1M | 108.5M | -83.7M | -232.4M | -288.9M | -36M | -58.2M | -42.9M |
| Change in Payables | -2.4M | -39M | -30.1M | -48.3M | 109.2M | 230.2M | -33.7M | 113.3M | 44.2M | -95.8M | 52.8M | 98.5M | 66.1M | -117.3M | 3.8M | 208.7M | 49M | 84M | 81.7M | 86.9M |
| Cash from Investing | -330.4M | -322.9M | -390.5M | -595.7M | -644M | -855.2M | -849.7M | -585.5M | -695.2M | -568.8M | -864.6M | -499.2M | -627.7M | -279.3M | -770M | -495.4M | -479.9M | -401M | 666.7M | -407.2M |
| Capital Expenditures | -272.7M | -323.7M | -456M | -567.4M | -589.2M | -692.9M | -798.2M | -724.3M | -659.1M | -595.9M | -699.5M | -632.1M | -485.2M | -516.8M | -545.9M | -423.5M | -455.1M | -416.8M | -484.3M | -337.8M |
| CapEx % of Revenue | 2.86% | 3.27% | 4.77% | 6% | 6.72% | 7.37% | 8.8% | 7.95% | 7.7% | 6.32% | 7.46% | 6.89% | 5.56% | 5.93% | 6.49% | 5.2% | 5.96% | 5.18% | 5.94% | 4.51% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | -177.1M | 0 | 0 | 0 | 0 | -110M | 0 | 110M | 0 | 59.3M | 0 | 0 | 0 | 1.18B | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -48M | -25.7M | -14M | -36.5M | -5.1M | -6.5M | -15.8M | -20.7M | -26.9M | -9.3M | 95.9M | -2.8M | -33.1M | -6.1M | -30.6M | -25.9M | -28.4M | -41.4M | -18.9M | -42.2M |
| Cash from Financing | -1.69B | -743M | -1.93B | 1.06B | -666.5M | -754.8M | -644.5M | -650.1M | -14.3M | -2.41B | -877.7M | -829.5M | -275.6M | -1.01B | -564.8M | -1.36B | 260.4M | -3.97B | -483.1M | -490.5M |
| Debt Issued (Net) | -1B | 2.5M | -1.25B | 1.75B | 1.1M | -5.4M | -25M | -21.4M | 617.6M | -434.7M | -1.2M | -15.8M | 550.6M | -175M | -25M | -804.8M | 1.3B | 200M | -4.1M | -13.4M |
| Equity Issued (Net) | 18.8M | 17.7M | 17.4M | 15.2M | 27.3M | 17.1M | 28.8M | 20.8M | 26.1M | -1.23B | -267.1M | -200.4M | -204M | -145.5M | 26.1M | 3.7M | -461.6M | -3.48B | 54.6M | 57.2M |
| Dividends Paid | -706.3M | -705.1M | -693.3M | -693.2M | -693M | -691.9M | -646M | -645.5M | -645.4M | -648.1M | -607M | -607.4M | -609.1M | -608.3M | -562.2M | -561.9M | -563.2M | -576M | -530.8M | -530.2M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.27B | -285.1M | -220M | -287.9M | -191.4M | 0 | -15.5M | -476.6M | -3.52B | 0 | 0 |
| Other Financing | -2.1M | -58.1M | -6.9M | -13.3M | -1.9M | -74.6M | -2.3M | -4M | -12.6M | -92.1M | -2.4M | -5.9M | -13.1M | -79M | -3.7M | -1.4M | -17.7M | -113.6M | -2.8M | -4.1M |
| Net Change in Cash | -1.88B | 193.6M | -952.8M | 1.5B | -1B | 385.2M | 107.1M | 415M | -236.3M | -551.1M | 194.5M | 285.2M | -114.7M | 368.1M | -359.1M | -735.9M | -56M | -2.49B | 1.7B | 872.4M |
| Free Cash Flow | 91.8M | 1.27B | 925.8M | 434.3M | -297.2M | 1.38B | 737.4M | 945.8M | -153.1M | 1.79B | 1.25B | 1.07B | 282.4M | 1.08B | 553.8M | 841.3M | -293.2M | 1.45B | 1.04B | 1.41B |
| FCF Margin % | 0.96% | 12.86% | 9.68% | 4.59% | -3.39% | 14.67% | 8.13% | 10.38% | -1.79% | 18.97% | 13.29% | 11.68% | 3.24% | 12.35% | 6.58% | 10.32% | -3.84% | 18.06% | 12.72% | 18.82% |
| FCF Growth % | 130.89% | -7.62% | 25.55% | -54.08% | -94.12% | -22.87% | -40.79% | -11.67% | -154.21% | 66.11% | 124.9% | 27.28% | 196.32% | -25.97% | -46.56% | -40.38% | -152.35% | -3.8% | -9.52% | 288.7% |
| FCF per Share | 0.08 | 1.12 | 0.81 | 0.38 | -0.26 | 1.21 | 0.65 | 0.83 | -0.13 | 1.57 | 1.08 | 0.93 | 0.24 | 0.93 | 0.48 | 0.73 | -0.25 | 1.24 | 0.87 | 1.19 |
| FCF Conversion (FCF/Net Income) | 0.71x | 5.45x | 10.38x | 1.79x | 0.76x | 2.65x | 1.69x | 1.58x | 0.66x | 2.33x | 1.60x | 1.49x | 0.85x | 1.86x | 1.25x | 1.39x | 0.24x | 2.29x | 0.86x | 1.52x |
| Interest Paid | 172M | 0 | -392.5M | 98.3M | 195.9M | 98.3M | 196.8M | 98.3M | 155.5M | 120.1M | 154.7M | 119.2M | 133.7M | 116.7M | 129.8M | 108.9M | 127.7M | 108.3M | 127.5M | 122.8M |
| Taxes Paid | 225.6M | 0 | -568.1M | 108.9M | 337.8M | 121.4M | 293.4M | 229M | 707.9M | 143M | 354.4M | 303M | 530.6M | 106.2M | 246.4M | 128M | 621.8M | 161.4M | 348.4M | 171.7M |