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Linda: I did a spreadsheet on Starbucks and got different results for the Balance Sheet section ... I didn't include Checks drawn in excess of bank balances
as short term debt... maybe should have.

TMFTribe: That is a darn good question, and I'm afraid I still don't have an answer as to how this amount should be interpreted. I dug through several of their previous 10-Q and 10-K filings, and I couldn't find one reference that would give any sort of inkling about how this value should be treated. Therefore, I fired off an e-mail to Starbucks' Investor Relations department this morning to get the answer "from the horse's mouth". I'll let you know when they get back to me.

NOTE: I didn't indicate that I was from the TMF, so this may also be a good indication of how responsive their IR department is to the "average Joe".

Well, I heard back from Starbucks' Investor Relations department today, and we finally have an answer concering the "Checks Drawn in Excess of Bank Balances" item on the SEC filings. This is what they had to say:

Thank you for your interest in Starbucks Coffee Company. The figures in the
annual report you mentioned refer to checks the Company had written that had
not yet been cashed by the recipient at the time of filing of the annual
report. If you have additional questions, please feel free to contact us.

Best Regards,

Sarah Harlett
Investor Relations
Starbucks Coffee Company

Therefore, it looks like you did the right thing by excluding this item from the debt calculations, because this value does not seem to involve any sort of interest payment.

Also, I'd like to comment on the quick response time I received from Starbucks (only two business days, since my original query was submitted on a Saturday). That shows to me that they care about their potential investors by going out of their way to answer a seemingly insignificant query. That's definitely a refreshing sight. Kudos to you SBUX!

Just my two humble cents.

the LanceMan
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