Fiscal 2016 Annual Report

Fiscal 2016 Annual Report

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

Form 10-K

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934

For the Fiscal Year Ended October 2, 2016

or

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the transition period from

to

Commission File Number: 0-20322

.

Starbucks Corporation

(Exact Name of Registrant as Specified in its Charter)

Washington

(State of Incorporation)

91-1325671

(IRS Employer ID)

2401 Utah Avenue South, Seattle, Washington 98134

(206) 447-1575

(Address of principal executive offices, zip code, telephone number)

Securities Registered Pursuant to Section 12(b) of the Act:

Title of Each Class

Common Stock, $0.001 par value per share

Name of Each Exchange on Which Registered

Nasdaq Global Select Market

Securities Registered Pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities

Act. Yes

No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the

Act. Yes

No

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities

Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),

and (2) has been subject to such filing requirements for the past 90 days. Yes

No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every

Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (¡ì 232.405 of this chapter) during

the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes

No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation of S-K (¡ì 229.405 of this chapter) is not

contained herein, and will not be contained, to the best of the registrant¡¯s knowledge, in definitive proxy or information statements

incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller

reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2

of the Exchange Act. (Check one):

Large accelerated filer

Non-accelerated filer

(Do not check if a smaller reporting company)

Accelerated filer

Smaller reporting company

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes

No

The aggregate market value of the voting stock held by non-affiliates of the registrant as of the last business day of the registrant¡¯s

most recently completed second fiscal quarter, based upon the closing sale price of the registrant¡¯s common stock on March 27, 2016

as reported on the NASDAQ Global Select Market was $83 billion. As of November 11, 2016, there were 1,455.4 million shares of the

registrant¡¯s Common Stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the definitive Proxy Statement for the registrant¡¯s Annual Meeting of Shareholders to be held on March 22, 2017 have

been incorporated by reference into Part III of this Annual Report on Form 10-K.

STARBUCKS CORPORATION

Form 10-K

For the Fiscal Year Ended October 2, 2016

TABLE OF CONTENTS

PART I

Item 1

Item 1A

Item 1B

Item 2

Item 3

Item 4

Business

Risk Factors

Unresolved Staff Comments

Properties

Legal Proceedings

Mine Safety Disclosures

PART II

Item 5

Market for the Registrant¡¯s Common Equity, Related Shareholder Matters and Issuer Purchases of

Equity Securities

Item 6

Selected Financial Data

Item 7

Management¡¯s Discussion and Analysis of Financial Condition and Results of Operations

Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Item 8

Financial Statements and Supplementary Data

Index For Notes to Consolidated Financial Statements

Report of Independent Registered Public Accounting Firm

Item 9

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9A

Controls and Procedures

Item 9B

Other Information

PART III

Item 10

Directors, Executive Officers and Corporate Governance

Item 11

Executive Compensation

Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters

Item 13

Certain Relationships and Related Transactions, and Director Independence

Item 14

Principal Accounting Fees and Services

PART IV

Item 15

Exhibits, Financial Statement Schedules

SIGNATURES

INDEX TO EXHIBITS

2

10

16

16

16

16

17

19

22

44

45

50

86

87

87

89

90

90

90

90

90

91

92

94

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This Annual Report on Form 10-K includes "forward-looking" statements within the meaning of the Private Securities

Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to

historical or current facts. They often include words such as "believes," "expects," "anticipates," "estimates," "intends," "plans,"

"seeks" or words of similar meaning, or future or conditional verbs, such as "will," "should," "could," "may," "aims," "intends,"

or "projects." A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those

future events or circumstances may not occur. You should not place undue reliance on forward-looking statements, which speak

only as of the date of this Annual Report on Form 10-K. These forward-looking statements are all based on currently available

operating, financial and competitive information and are subject to various risks and uncertainties. Our actual future results and

trends may differ materially depending on a variety of factors, including, but not limited to, the risks and uncertainties

discussed under "Risk Factors" and "Management¡¯s Discussion and Analysis of Financial Condition and Results of

Operations". Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual

results. Any or all of the forward-looking statements contained in this Annual Report on Form 10-K and any other public

statement made by us, including by our management, may turn out to be incorrect. We are including this cautionary note to

make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for

forward-looking statements. We expressly disclaim any obligation to update or revise any forward-looking statements, whether

as a result of new information, future events or otherwise.

Starbucks Corporation

2016 Form 10-K

1

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