Starbucks Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.86B | $3.76B | $4.12B | $3.28B | $4.20B | $928.3M | $3.60B | $4.52B |
| Depreciation & Amortization | $1.77B | $1.59B | $1.45B | $1.53B | $1.52B | $1.50B | $1.45B | $1.31B |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $17.6M | $20.4M | $21.5M | $192.7M | $223.4M | $223.7M | $232.8M | $186.5M |
| Stock-Based Compensation | $318.3M | $308.3M | $302.7M | $271.5M | $319.1M | $248.6M | $308.0M | $250.3M |
| Net Cash from Operating Activities | $4.75B | $6.10B | $6.01B | $4.40B | $5.99B | $1.60B | $5.05B | $11.94B |
| Investing Activities | ||||||||
| Capital Expenditures | $2.31B | $2.78B | $2.33B | $1.84B | $1.47B | $1.48B | $1.81B | $1.98B |
| Business Acquisitions | $177.1M | $0 | $0 | — | — | $0 | $0 | $1.31B |
| Net Cash from Investing Activities | $-2.49B | $-2.70B | $-2.27B | $-2.15B | $-319.5M | $-1.71B | $-1.01B | $-2.36B |
| Financing Activities | ||||||||
| Dividends Paid | $2.77B | $2.59B | $2.43B | $2.26B | $2.12B | $1.92B | $1.76B | $1.74B |
| Stock Repurchases | $0 | $1.27B | $984.4M | $4.01B | $0 | $1.70B | $10.22B | $7.13B |
| Net Cash from Financing Activities | $-2.30B | $-3.72B | $-2.99B | $-5.64B | $-3.65B | $1.71B | $-10.06B | $-3.24B |
| Net Change in Cash | $-66.4M | $-265.3M | $733.1M | $-3.64B | $2.10B | $1.66B | $-6.07B | $6.29B |
| Free Cash Flow | $2.44B | $3.32B | $3.68B | $2.56B | $4.52B | $114.2M | $3.24B | $9.96B |