acquisitions and divestitures see note 2 , acquisitions and divestitures , to the consolidated financial statements included in item 8 of part ii of this 10-k for information regarding acquisitions and divestitures . 24 results of operations — fiscal 2017 compared to fiscal 2016 consolidated results of operations ( in millions ) : revenues replace_table_token_11_th total net revenues increased $ 1.1 billion , or 5 % , over fiscal 2016 , primarily driven by increased revenues from company-operated stores ( $ 807 million ) . the growth in company-operated store revenues was primarily driven by incremental revenues from 768 net new starbucks ® company-operated store openings over the past 12 months ( $ 869 million ) and a 3 % increase in comparable store sales ( $ 496 million ) , attributable to a 3 % increase in average ticket . partially offsetting these incremental revenues was the absence of the 53rd week ( $ 324 million ) , the absence of sales from the conversion of certain company-operated stores to licensed stores ( $ 121 million ) and the impact of unfavorable foreign currency translation ( $ 70 million ) . licensed store revenue growth also contributed to the increase in total net revenue ( $ 201 million ) , primarily due to increased product sales to and royalty revenues from our licensees ( $ 260 million ) , largely due to the opening of 1,552 net new starbucks ® licensed stores and improved comparable store sales , partially offset by the absence of the 53rd week ( $ 41 million ) and unfavorable foreign currency translation ( $ 27 million ) . cpg , foodservice and other revenues increased $ 64 million , driven by increased sales through our international channels , primarily associated with our european and north american regions ( $ 35 million ) , increased sales of u.s. packaged coffee ( $ 32 million ) , foodservice ( $ 30 million ) and premium single-serve products ( $ 23 million ) . increased sales were partially offset by the absence of the 53rd week ( $ 47 million ) and an unfavorable revenue deduction adjustment pertaining to periods prior to fiscal 2017 ( $ 13 million ) . operating expenses replace_table_token_12_th cost of sales including occupancy costs as a percentage of total net revenues increased 50 basis points , primarily driven by a product mix shift ( approximately 70 basis points ) largely towards premium food in the americas segment , partially offset by leverage on cost of sales and occupancy costs ( approximately 30 basis points ) . 25 store operating expenses as a percentage of total net revenues increased 60 basis points . store operating expenses as a percentage of company-operated store revenues increased 80 basis points , primarily driven by higher partner and digital investments , largely in the americas segment ( approximately 150 basis points ) , partially offset by sales leverage ( approximately 90 basis points ) . other operating expenses as a percentage of total net revenues decreased 10 basis points . excluding the impact of company-operated store revenues , other operating expenses decreased 50 basis points , primarily due to lower performance-based compensation ( approximately 20 basis points ) . general and administrative expenses as a percentage of total net revenues decreased 20 basis points , primarily driven by lower performance-based compensation ( approximately 30 basis points ) , and employment taxes , including the lapping of higher employment taxes resulting from a multiple year audit in the prior year ( approximately 20 basis points ) . these were partially offset by increased salaries and benefits related to digital platforms , technology infrastructure and innovations . restructuring and impairments charges in fiscal 2017 were primarily the result of our strategic changes in teavana . we recorded $ 130 million of restructuring–related costs , including a partial goodwill impairment of $ 69 million , store asset impairments , and costs related to early store closure obligations and severance . additionally , we recorded $ 18 million of partial goodwill impairment relating to our switzerland retail business . income from equity investees increased $ 73 million , due to higher income from our cap joint venture operations , primarily china and south korea , as well as our north american coffee partnership . the combination of these changes resulted in an overall decrease in operating margin of 110 basis points in fiscal 2017 when compared to fiscal 2016 . other income and expenses replace_table_token_13_th interest income and other , net increased $ 167 million , primarily driven by gains from the sale of our singapore retail operations ( $ 84 million ) and our investment in square , inc. warrants ( $ 41 million ) . also contributing favorably was higher income recognized on unredeemed stored value card balances ( $ 44 million ) . interest expense increased $ 11 million primarily related to additional interest incurred on long-term debt issued in february 2016 , may 2016 and march 2017 , partially offset by lower interest expense from the repayment of our december 2016 notes . the effective tax rate for fiscal 2017 was 33.2 % compared to 32.9 % for fiscal 2016 . the increase in the effective tax rate was primarily due to unfavorability from non-deductible goodwill impairment charges recorded in the third quarter of fiscal 2017 ( approximately 70 basis points ) , and the lapping of the release of certain tax reserves in the third quarter of fiscal 2016 , primarily related to statute closures ( approximately 30 basis points ) . the increase was partially offset by the largely non-taxable gain on the sale of our singapore retail operations in the fourth quarter of fiscal 2017 ( approximately 70 basis points ) . story_separator_special_tag 33 segment information results of operations by segment ( in millions ) : americas replace_table_token_22_th revenues americas total net revenues for fiscal 2016 increased $ 1.5 billion , or 11 % , primarily due to increased revenues from company-operated stores ( contributing $ 1.3 billion ) and licensed stores ( contributing $ 184 million ) . the increase in company-operated store revenues was driven by a 6 % increase in comparable store sales ( $ 730 million ) , incremental revenues from 348 net new starbucks® company-operated store openings over the past 12 months ( $ 481 million ) and the impact of the extra week in fiscal 2016 ( $ 258 million ) . partially offsetting these increases was unfavorable foreign currency translation ( $ 91 million ) , primarily driven by the strengthening of the u.s. dollar against the canadian dollar . the increase in licensed store revenues was primarily due to higher product sales to and royalty revenues from our licensees ( $ 150 million ) , resulting from the opening of 456 net new licensed stores over the past 12 months and improved comparable store sales , as well as the impact of the extra week in fiscal 2016 ( $ 31 million ) . operating expenses cost of sales including occupancy costs as a percentage of total net revenues decreased 80 basis points , primarily driven by leverage on cost of sales and occupancy costs ( approximately 50 basis points ) and lower commodity costs ( approximately 40 basis points ) . store operating expenses as a percentage of total net revenues increased 20 basis points . as a percentage of company-operated store revenues , store operating expenses increased 30 basis points , primarily driven by increased investments in store partners and digital platforms ( approximately 100 basis points ) , partially offset by sales leverage on salaries and benefits ( approximately 80 basis points ) . other operating expenses as a percentage of total net revenues decreased 30 basis points . excluding the impact of company-operated store revenues , other operating expenses decreased 280 basis points , primarily due to a settlement in the fourth quarter of fiscal 2016 related to the closure of target canada stores in the prior year ( approximately 140 basis points ) , the lapping of impairment of certain assets in the region ( approximately 60 basis points ) and improved collection results ( approximately 40 basis points ) . the combination of these changes resulted in an overall increase in operating margin of 110 basis points over fiscal 2015 . 34 china/asia pacific replace_table_token_23_th revenues china/asia pacific total net revenues for fiscal 2016 increased $ 543 million , or 23 % , largely due to increased revenues from company-operated stores ( contributing $ 513 million ) . the increase in company-operated store revenues was primarily due to the opening of 359 net new company-operated stores over the past 12 months ( $ 246 million ) and incremental revenues from the impact of our ownership in starbucks japan ( $ 105 million ) . also contributing was a 3 % increase in comparable store sales ( $ 61 million ) , the impact of the extra week in fiscal 2016 ( $ 52 million ) and favorable foreign currency translation ( $ 49 million ) . licensed store revenues increased $ 28 million , primarily due to increased product sales to and royalty revenues from licensees ( $ 47 million ) , resulting from the opening of 622 net new licensed store openings over the past 12 months , partially offset by unfavorable foreign currency translation ( $ 15 million ) and a decrease in licensed store revenues resulting from the impact of our ownership change in starbucks japan ( $ 6 million ) . operating expenses cost of sales including occupancy costs as a percentage of total net revenues decreased 60 basis points , primarily due to the impact of our ownership change in starbucks japan ( approximately 30 basis points ) and favorability from changes to certain business tax structures in china ( 30 basis points ) . store operating expenses as a percentage of total net revenues increased 100 basis points . as a percentage of company-operated store revenues , store operating expenses increased 80 basis points , primarily driven by higher partner and digital investments and payroll-related expenditures ( approximately 90 basis points ) and the impact of our ownership change in starbucks japan ( approximately 40 basis points ) , partially offset by sales leverage on salaries and benefits ( approximately 60 basis points ) . other operating expenses as a percentage of total net revenues decreased 20 basis points . excluding the impact of company-operated store revenues , other operating expenses increased 40 basis points , primarily due to higher payroll-related expenditures ( approximately 140 basis points ) , investments in digital platforms ( approximately 80 basis points ) and the impact of our ownership change in starbucks japan ( approximately 60 basis points ) , partially offset by sales leverage ( approximately 220 basis points ) . general and administrative expenses as a percentage of total revenues decreased 60 basis points , primarily due to sales leverage on salaries and benefits ( approximately 40 basis points ) . income from equity investees as a percentage of total net revenues increased 10 basis points , primarily due to higher income from our joint venture operations , primarily in china and south korea ( approximately 70 basis points and 60 basis points , 35 respectively ) , partially offset by the shift in composition of our store portfolio to more company-operated stores ( approximately 50 basis points ) and the impact of our ownership change in starbucks japan ( approximately 50 basis points ) . the combination of these changes resulted in an overall increase in operating margin of 60 basis points over fiscal 2015. emea replace_table_token_24_th revenues emea total net revenues for fiscal

cash flows from operations were $ 4.2 billion in fiscal 2017 compared to $ 4.6 billion in fiscal 2016 . the change was primarily due to the timing of our cash payments for income taxes . capital expenditures were $ 1.5 billion in fiscal 2017 compared to $ 1.4 billion in fiscal 2016 . we returned $ 3.5 billion to our shareholders in fiscal 2017 through share repurchases and dividends compared to $ 3.2 billion in fiscal 2016. overview starbucks results for fiscal 2017 continued to demonstrate the strength of our global business model , and our ability to successfully make disciplined investments in our business and our partners . consolidated total net revenues increased 5 % to $ 22.4 billion , primarily driven by incremental revenues from 2,320 net new store openings over the past 12 months and a 3 % growth in global comparable store sales , partially offset by the absence of the 53rd week . consolidated operating income declined $ 37 million , or 1 % , to $ 4.1 billion . operating margin declined 110 basis points to 18.5 % , primarily due to increased partner investments , largely in the americas segment , restructuring and impairment charges and the absence of the 53rd week , partially offset by sales leverage .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flows from operations were $ 4.2 billion in fiscal 2017 compared to $ 4.6 billion in fiscal 2016 . the change was primarily due to the timing of our cash payments for income taxes . capital expenditures were $ 1.5 billion in fiscal 2017 compared to $ 1.4 billion in fiscal 2016 . we returned $ 3.5 billion to our shareholders in fiscal 2017 through share repurchases and dividends compared to $ 3.2 billion in fiscal 2016. overview starbucks results for fiscal 2017 continued to demonstrate the strength of our global business model , and our ability to successfully make disciplined investments in our business and our partners . consolidated total net revenues increased 5 % to $ 22.4 billion , primarily driven by incremental revenues from 2,320 net new store openings over the past 12 months and a 3 % growth in global comparable store sales , partially offset by the absence of the 53rd week . consolidated operating income declined $ 37 million , or 1 % , to $ 4.1 billion . operating margin declined 110 basis points to 18.5 % , primarily due to increased partner investments , largely in the americas segment , restructuring and impairment charges and the absence of the 53rd week , partially offset by sales leverage .
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 Suspicious Activity Report : acquisitions and divestitures see note 2 , acquisitions and divestitures , to the consolidated financial statements included in item 8 of part ii of this 10-k for information regarding acquisitions and divestitures . 24 results of operations — fiscal 2017 compared to fiscal 2016 consolidated results of operations ( in millions ) : revenues replace_table_token_11_th total net revenues increased $ 1.1 billion , or 5 % , over fiscal 2016 , primarily driven by increased revenues from company-operated stores ( $ 807 million ) . the growth in company-operated store revenues was primarily driven by incremental revenues from 768 net new starbucks ® company-operated store openings over the past 12 months ( $ 869 million ) and a 3 % increase in comparable store sales ( $ 496 million ) , attributable to a 3 % increase in average ticket . partially offsetting these incremental revenues was the absence of the 53rd week ( $ 324 million ) , the absence of sales from the conversion of certain company-operated stores to licensed stores ( $ 121 million ) and the impact of unfavorable foreign currency translation ( $ 70 million ) . licensed store revenue growth also contributed to the increase in total net revenue ( $ 201 million ) , primarily due to increased product sales to and royalty revenues from our licensees ( $ 260 million ) , largely due to the opening of 1,552 net new starbucks ® licensed stores and improved comparable store sales , partially offset by the absence of the 53rd week ( $ 41 million ) and unfavorable foreign currency translation ( $ 27 million ) . cpg , foodservice and other revenues increased $ 64 million , driven by increased sales through our international channels , primarily associated with our european and north american regions ( $ 35 million ) , increased sales of u.s. packaged coffee ( $ 32 million ) , foodservice ( $ 30 million ) and premium single-serve products ( $ 23 million ) . increased sales were partially offset by the absence of the 53rd week ( $ 47 million ) and an unfavorable revenue deduction adjustment pertaining to periods prior to fiscal 2017 ( $ 13 million ) . operating expenses replace_table_token_12_th cost of sales including occupancy costs as a percentage of total net revenues increased 50 basis points , primarily driven by a product mix shift ( approximately 70 basis points ) largely towards premium food in the americas segment , partially offset by leverage on cost of sales and occupancy costs ( approximately 30 basis points ) . 25 store operating expenses as a percentage of total net revenues increased 60 basis points . store operating expenses as a percentage of company-operated store revenues increased 80 basis points , primarily driven by higher partner and digital investments , largely in the americas segment ( approximately 150 basis points ) , partially offset by sales leverage ( approximately 90 basis points ) . other operating expenses as a percentage of total net revenues decreased 10 basis points . excluding the impact of company-operated store revenues , other operating expenses decreased 50 basis points , primarily due to lower performance-based compensation ( approximately 20 basis points ) . general and administrative expenses as a percentage of total net revenues decreased 20 basis points , primarily driven by lower performance-based compensation ( approximately 30 basis points ) , and employment taxes , including the lapping of higher employment taxes resulting from a multiple year audit in the prior year ( approximately 20 basis points ) . these were partially offset by increased salaries and benefits related to digital platforms , technology infrastructure and innovations . restructuring and impairments charges in fiscal 2017 were primarily the result of our strategic changes in teavana . we recorded $ 130 million of restructuring–related costs , including a partial goodwill impairment of $ 69 million , store asset impairments , and costs related to early store closure obligations and severance . additionally , we recorded $ 18 million of partial goodwill impairment relating to our switzerland retail business . income from equity investees increased $ 73 million , due to higher income from our cap joint venture operations , primarily china and south korea , as well as our north american coffee partnership . the combination of these changes resulted in an overall decrease in operating margin of 110 basis points in fiscal 2017 when compared to fiscal 2016 . other income and expenses replace_table_token_13_th interest income and other , net increased $ 167 million , primarily driven by gains from the sale of our singapore retail operations ( $ 84 million ) and our investment in square , inc. warrants ( $ 41 million ) . also contributing favorably was higher income recognized on unredeemed stored value card balances ( $ 44 million ) . interest expense increased $ 11 million primarily related to additional interest incurred on long-term debt issued in february 2016 , may 2016 and march 2017 , partially offset by lower interest expense from the repayment of our december 2016 notes . the effective tax rate for fiscal 2017 was 33.2 % compared to 32.9 % for fiscal 2016 . the increase in the effective tax rate was primarily due to unfavorability from non-deductible goodwill impairment charges recorded in the third quarter of fiscal 2017 ( approximately 70 basis points ) , and the lapping of the release of certain tax reserves in the third quarter of fiscal 2016 , primarily related to statute closures ( approximately 30 basis points ) . the increase was partially offset by the largely non-taxable gain on the sale of our singapore retail operations in the fourth quarter of fiscal 2017 ( approximately 70 basis points ) . story_separator_special_tag 33 segment information results of operations by segment ( in millions ) : americas replace_table_token_22_th revenues americas total net revenues for fiscal 2016 increased $ 1.5 billion , or 11 % , primarily due to increased revenues from company-operated stores ( contributing $ 1.3 billion ) and licensed stores ( contributing $ 184 million ) . the increase in company-operated store revenues was driven by a 6 % increase in comparable store sales ( $ 730 million ) , incremental revenues from 348 net new starbucks® company-operated store openings over the past 12 months ( $ 481 million ) and the impact of the extra week in fiscal 2016 ( $ 258 million ) . partially offsetting these increases was unfavorable foreign currency translation ( $ 91 million ) , primarily driven by the strengthening of the u.s. dollar against the canadian dollar . the increase in licensed store revenues was primarily due to higher product sales to and royalty revenues from our licensees ( $ 150 million ) , resulting from the opening of 456 net new licensed stores over the past 12 months and improved comparable store sales , as well as the impact of the extra week in fiscal 2016 ( $ 31 million ) . operating expenses cost of sales including occupancy costs as a percentage of total net revenues decreased 80 basis points , primarily driven by leverage on cost of sales and occupancy costs ( approximately 50 basis points ) and lower commodity costs ( approximately 40 basis points ) . store operating expenses as a percentage of total net revenues increased 20 basis points . as a percentage of company-operated store revenues , store operating expenses increased 30 basis points , primarily driven by increased investments in store partners and digital platforms ( approximately 100 basis points ) , partially offset by sales leverage on salaries and benefits ( approximately 80 basis points ) . other operating expenses as a percentage of total net revenues decreased 30 basis points . excluding the impact of company-operated store revenues , other operating expenses decreased 280 basis points , primarily due to a settlement in the fourth quarter of fiscal 2016 related to the closure of target canada stores in the prior year ( approximately 140 basis points ) , the lapping of impairment of certain assets in the region ( approximately 60 basis points ) and improved collection results ( approximately 40 basis points ) . the combination of these changes resulted in an overall increase in operating margin of 110 basis points over fiscal 2015 . 34 china/asia pacific replace_table_token_23_th revenues china/asia pacific total net revenues for fiscal 2016 increased $ 543 million , or 23 % , largely due to increased revenues from company-operated stores ( contributing $ 513 million ) . the increase in company-operated store revenues was primarily due to the opening of 359 net new company-operated stores over the past 12 months ( $ 246 million ) and incremental revenues from the impact of our ownership in starbucks japan ( $ 105 million ) . also contributing was a 3 % increase in comparable store sales ( $ 61 million ) , the impact of the extra week in fiscal 2016 ( $ 52 million ) and favorable foreign currency translation ( $ 49 million ) . licensed store revenues increased $ 28 million , primarily due to increased product sales to and royalty revenues from licensees ( $ 47 million ) , resulting from the opening of 622 net new licensed store openings over the past 12 months , partially offset by unfavorable foreign currency translation ( $ 15 million ) and a decrease in licensed store revenues resulting from the impact of our ownership change in starbucks japan ( $ 6 million ) . operating expenses cost of sales including occupancy costs as a percentage of total net revenues decreased 60 basis points , primarily due to the impact of our ownership change in starbucks japan ( approximately 30 basis points ) and favorability from changes to certain business tax structures in china ( 30 basis points ) . store operating expenses as a percentage of total net revenues increased 100 basis points . as a percentage of company-operated store revenues , store operating expenses increased 80 basis points , primarily driven by higher partner and digital investments and payroll-related expenditures ( approximately 90 basis points ) and the impact of our ownership change in starbucks japan ( approximately 40 basis points ) , partially offset by sales leverage on salaries and benefits ( approximately 60 basis points ) . other operating expenses as a percentage of total net revenues decreased 20 basis points . excluding the impact of company-operated store revenues , other operating expenses increased 40 basis points , primarily due to higher payroll-related expenditures ( approximately 140 basis points ) , investments in digital platforms ( approximately 80 basis points ) and the impact of our ownership change in starbucks japan ( approximately 60 basis points ) , partially offset by sales leverage ( approximately 220 basis points ) . general and administrative expenses as a percentage of total revenues decreased 60 basis points , primarily due to sales leverage on salaries and benefits ( approximately 40 basis points ) . income from equity investees as a percentage of total net revenues increased 10 basis points , primarily due to higher income from our joint venture operations , primarily in china and south korea ( approximately 70 basis points and 60 basis points , 35 respectively ) , partially offset by the shift in composition of our store portfolio to more company-operated stores ( approximately 50 basis points ) and the impact of our ownership change in starbucks japan ( approximately 50 basis points ) . the combination of these changes resulted in an overall increase in operating margin of 60 basis points over fiscal 2015. emea replace_table_token_24_th revenues emea total net revenues for fiscal

