Write a one page explaining how Starbuck risk The loss of key personnel or difficulties recruiting and retaining qualified personnel could adversely impact our business and financial results adversely affect the balance sheet

Much of our future success depends on the continued availability and service of senior management personnel. The loss of any of our executive officers or other key senior management personnel could harm our business. We must continue to recruit, retain and motivate management and other employees sufficiently, both to maintain our current business and to execute our strategic initiatives, some of which involve ongoing expansion in business channels outside of our traditional company-operated store model. Our success also depends substantially on the contributions and abilities of our retail store employees whom we rely on to give customers a superior in-store experience and elevate our brand. Accordingly, our performance depends on our ability to recruit and retain high quality employees to work in and manage our stores, both domestically and internationally. Our ability to attract and retain both corporate and retail personnel is also acutely impacted in certain international and domestic markets where the competition for a relatively small number of qualified employees is intense or in markets where large high-tech companies are able to offer more competitive salaries and benefits. If we are unable to recruit, retain and motivate employees sufficiently to maintain our current business and support our projected growth, our business and financial performance may be adversely affected.

STARBUCKS CORPORATION CONSOLIDATED BALANCE SHEETS fin millions, except per share data) S 8,756.3 181.5 693.1 1.400.5 12,4942 267.7 334.7 2.162.3 228.6 870.4 1.364.0 3581 S.283,4 5423 481.6 4,919.5 795,4 362.8 441.4 1.519.2 14,365.6 5.929.1 1147 4122 1.042.2 3,541.6 24.156.4 S ASSETS Current assots: Cash and cash equivalents Short-term investments Accounts receivable, net Inventories Prepaid expenses and other current assets Total current assets Long-term investments Equity and cost investments Property, plant and equipment, net Deferred income taxes, net Other long-term assets Other intangible assets Goodwill TOTAL ASSETS LIABILITIES AND EQUITY Current liabilities: Accounts payable Accrued liabilities Insurance reserves Stored value card liability and current portion of deferred revenue Current portion of long-term debt Total current liabilities Long-term debt Deferred revenue Other long-term liabilities Total liabilities Shareholders' equity: Common stock 150.001 par value) authorized, 2.400.0 shares: issued and outstanding. 1.309.1 and 1.431.6 shares, respectively Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' equity Noncontrolling interests Total equity TOTAL LIABILITIES AND EQUITY 5 782.5 1.934.5 215.2 1.RS 1.179.35 2.298 4 211.7 1.6429 3499 5,6842 9,090.2 6,7757 1.430.5 22.980.6 4.220.7 3.9326 4.4 750.9 8,908,6 411 1.457.4 (330.3) 1.1695 41. 5.563.2 (155.6) 5.450.1 1,175.8 2 4.1964 5.457.0 14,365,6 S S See Notes to Consolidated Financial Statements 50 Starbucks Corporation 2018 Form 10-K