← SYSCO CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $1.4b | $1.8b | $2.0b | $1.8b | |
| Net earnings | $949.6m | $1.1b | $1.4b | $1.7b | $215.5m | $524.2m | $1.4b | $1.8b | $2.0b | $1.8b | |
| Net Income (Loss) Attributable to Parent | — | — | — | — | — | — | $1.4b | $1.8b | $2.0b | $1.8b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $949.6m | $1.1b | $1.4b | $1.7b | $215.5m | $524.2m | $1.4b | $1.8b | $2.0b | $1.8b | |
| Amortization of Debt Issuance Costs | $45.1m | $31.9m | $28.5m | $21.4m | $22.7m | $26.1m | $22.3m | $20.0m | $19.0m | $15.0m | |
| Amortization of Intangible Assets | $37.3m | $112.9m | $114.7m | $92.3m | $95.3m | $103.5m | — | — | — | — | |
| Amortization of debt issuance and other debt-related costs | $45.1m | $31.9m | $28.5m | $21.4m | $22.7m | $26.1m | $22.3m | $20.0m | $19.0m | $15.0m | |
| Depreciation | $608.7m | $765.4m | $614.8m | $656.6m | $705.2m | $635.0m | $640.7m | $649.8m | $728.0m | $798.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $881.0m | $889.0m | $997.0m | $1.1b | |
| Depreciation and amortization | $662.7m | $902.0m | $765.5m | $763.9m | $805.8m | $737.9m | $772.9m | $775.6m | $873.0m | $945.0m | |
| Operating lease asset amortization | — | — | — | $0 | $108.4m | $113.9m | $108.1m | $113.1m | $124.0m | $141.0m | |
| Deferred Income Tax | — | — | — | — | — | — | ($64.0m) | ($16.0m) | $27.0m | ($13.0m) | |
| Deferred Income Tax Expense (Benefit) | $98.2m | ($51.8m) | $187.9m | ($126.7m) | ($191.3m) | ($157.9m) | ($64.5m) | ($16.4m) | $26.0m | ($15.0m) | |
| Deferred Tax | — | — | — | — | — | — | ($64.0m) | ($16.0m) | $27.0m | ($13.0m) | |
| Deferred income taxes | $93.9m | ($51.8m) | $187.9m | ($126.7m) | ($191.3m) | ($157.9m) | ($64.5m) | ($16.4m) | $27.0m | ($13.0m) | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $0 | $92.0m | |
| Goodwill impairment | — | — | $0 | $0 | $203.2m | $0 | $0 | $0 | $0 | $92.0m | |
| Goodwill, Impairment Loss | — | — | — | — | $203.2m | $0 | $0 | — | — | $92.0m | |
| Share-based Payment Arrangement, Noncash Expense | $79.5m | $83.9m | $93.8m | $104.9m | $42.2m | $95.8m | $122.3m | $95.7m | $104.0m | $93.0m | |
| Share-based compensation expense | $79.5m | $83.9m | $93.8m | $104.9m | $42.2m | $95.8m | $122.3m | $95.7m | $104.0m | $93.0m | |
| Decrease in operating lease liabilities | — | — | — | $0 | ($124.0m) | ($142.4m) | ($125.7m) | ($133.8m) | ($144.0m) | ($177.0m) | |
| Gain (Loss) on Disposition of Business | — | — | — | $66.3m | $0 | ($22.7m) | $0 | $0 | — | — | |
| Gain (Loss) on Extinguishment of Debt | ($86.5m) | $0 | ($53.1m) | $0 | $0 | ($293.9m) | ($115.6m) | $0 | $0 | — | |
| Income Tax Expense (Benefit) | $483.4m | $623.7m | $525.5m | $331.6m | $77.9m | $60.5m | $388.0m | $515.2m | $610.0m | $587.0m | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | — | ($38.0m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| (Decrease) increase in accrued expenses | ($178.3m) | ($28.4m) | $47.1m | $137.5m | ($139.9m) | $167.2m | $423.4m | $22.4m | ($12.0m) | ($14.0m) | |
| (Decrease) increase in accrued income taxes | $231.5m | ($74.6m) | ($10.7m) | $4.9m | ($102.7m) | $119.0m | ($9.8m) | $92.0m | $13.0m | ($62.0m) | |
| (Increase) decrease in prepaid expenses and other current assets | ($8.5m) | $8.2m | ($19.6m) | ($18.5m) | $9.8m | ($32.6m) | $4.8m | $2.1m | ($2.0m) | ($22.0m) | |
| Additions to plant and equipment | ($527.3m) | ($686.4m) | ($687.8m) | ($692.4m) | ($720.4m) | ($470.7m) | ($632.8m) | ($793.3m) | ($832.0m) | ($906.0m) | |
| Bank and commercial paper borrowings, net | $0 | $119.7m | ($119.7m) | $132.1m | $616.7m | ($826.2m) | $0 | $0 | $200.0m | $45.0m | |
| Beginning Cash Position | — | — | — | — | — | — | $3.0b | $931.0m | $966.0m | $945.0m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($2.0b) | ($2.1b) | ($1.0b) | ($1.4b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.9b) | ($785.0m) | ($2.0b) | ($717.0m) | |
| Change In Account Payable | — | — | — | — | — | — | $810.0m | $196.0m | $104.0m | $143.0m | |
| Change In Accrued Expense | — | — | — | — | — | — | $423.0m | $22.0m | ($12.0m) | ($14.0m) | |
| Change In Income Tax Payable | — | — | — | — | — | — | ($10.0m) | $92.0m | $13.0m | ($62.0m) | |
| Change In Inventory | — | — | — | — | — | — | ($709.0m) | ($22.0m) | ($70.0m) | ($330.0m) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($1.0m) | $6.0m | $38.0m | $18.0m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($164.0m) | ($260.0m) | ($119.0m) | ($103.0m) | |
| Change In Payable | — | — | — | — | — | — | $800.0m | $288.0m | $117.0m | $81.0m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $1.2b | $310.0m | $105.0m | $67.0m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $5.0m | $2.0m | ($2.0m) | ($22.0m) | |
| Change In Receivables | — | — | — | — | — | — | ($971.0m) | ($271.0m) | ($110.0m) | ($206.0m) | |
| Change In Tax Payable | — | — | — | — | — | — | ($10.0m) | $92.0m | $13.0m | ($62.0m) | |
| Change In Working Capital | — | — | — | — | — | — | ($617.0m) | ($235.0m) | ($158.0m) | ($576.0m) | |
| Changes In Cash | — | — | — | — | — | — | ($2.1b) | $27.0m | ($11.0m) | $381.0m | |
| Decrease in other assets | ($6.6m) | ($36.4m) | ($77.9m) | ($21.3m) | $20.7m | $18.8m | ($1.1m) | $5.6m | $38.0m | $18.0m | |
| End Cash Position | — | — | — | — | — | — | $931.0m | $966.0m | $945.0m | $1.3b | |
| Financing Cash Flow | — | — | — | — | — | — | ($2.0b) | ($2.1b) | ($1.0b) | ($1.4b) | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($101.2m) | $0 | $0 | — | — | — | — | — | — | — | |
| Free Cash Flow | — | — | — | — | — | — | $1.2b | $2.1b | $2.2b | $1.6b | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | $122.0m | — | — | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $0 | $0 | — | — | |
| Goodwill | $2.1b | $3.9b | $4.0b | $3.9b | $3.7b | $3.9b | $4.5b | $4.6b | $5.2b | $5.2b | |
| Income taxes, net of refunds | $180.6m | $761.4m | $268.4m | $531.1m | $376.6m | $103.5m | $450.1m | $444.4m | $564.0m | $640.0m | |
| Increase (Decrease) in Accounts Payable | $23.9m | $322.8m | $76.9m | $246.4m | ($834.1m) | $1.5b | $810.5m | $195.6m | $104.0m | $143.0m | |
| Increase (decrease) in other long-term liabilities | ($196.2m) | ($18.6m) | ($315.1m) | ($50.9m) | $92.6m | $40.9m | ($38.3m) | ($125.6m) | $25.0m | $74.0m | |
| Increase in accounts payable | $23.9m | $322.8m | $76.9m | $246.4m | ($834.1m) | $1.5b | $810.5m | $195.6m | $104.0m | $143.0m | |
| Increase in inventories | $66.9m | ($113.6m) | ($89.7m) | ($114.7m) | $114.6m | ($551.4m) | ($708.6m) | ($22.2m) | ($70.0m) | ($330.0m) | |
| Increase in receivables | ($27.3m) | $20.5m | ($37.5m) | ($203.5m) | $915.7m | ($662.3m) | ($971.2m) | ($270.6m) | ($110.0m) | ($206.0m) | |
| Interest | $200.2m | $285.0m | $301.7m | $346.7m | $325.3m | $877.5m | $498.3m | $510.7m | $557.0m | $629.0m | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.9b) | ($785.0m) | ($2.0b) | ($717.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($1.3b) | ($37.0m) | ($1.2b) | ($40.0m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($609.0m) | ($751.0m) | ($753.0m) | ($692.0m) | |
| Nonoperating Income (Expense) | ($111.3m) | $15.9m | $22.7m | $36.1m | ($47.9m) | $27.6m | $31.4m | ($226.4m) | ($30.0m) | — | |
| Operating Expenses | $7.2b | $8.5b | $8.8b | $9.1b | $9.2b | $7.9b | $10.0b | $10.9b | $11.4b | $11.9b | |
| Operating Gains Losses | — | — | — | — | — | — | $116.0m | $315.0m | — | — | |
| Other Non Cash Items | — | — | — | — | — | — | $9.0m | $13.0m | $7.0m | ($85.0m) | |
| Other debt borrowings including senior notes | $5.1b | $753.8m | $1.0b | $388.2m | $6.8b | $1.5m | $1.2b | $249.0m | $1.4b | $1.3b | |
| Other non-cash items | $23.3m | $6.7m | $4.0m | ($3.2m) | ($525k) | ($16.5m) | ($12.7m) | ($6.9m) | ($12.0m) | ($100.0m) | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | $0 | $315.0m | $0 | $0 | |
| Pension settlement charge | — | — | — | — | — | $0 | $0 | $315.4m | $0 | $0 | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $128.0m | $79.0m | $120.0m | $110.0m | |
| Proceeds from Stock Options Exercised | — | $204.8m | $268.8m | $253.1m | $227.6m | $130.4m | $128.2m | $79.2m | $120.0m | $110.0m | |
| Proceeds from sales of marketable securities | — | — | $0 | $0 | $20.5m | $36.0m | $16.6m | $11.6m | $29.0m | $29.0m | |
| Proceeds from sales of plant and equipment | $23.5m | $23.7m | $22.3m | $20.9m | $28.7m | $59.1m | $24.1m | $42.1m | $79.0m | $214.0m | |
| Proceeds from stock option exercises | $282.5m | $204.8m | $268.8m | $253.1m | $227.6m | $130.4m | $128.2m | $79.2m | $120.0m | $110.0m | |
| Provision for losses on receivables | $20.4m | $20.7m | $21.4m | $62.9m | $404.2m | ($152.7m) | ($15.5m) | $35.7m | $57.0m | $85.0m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | ($15.0m) | $36.0m | $57.0m | $85.0m | |
| Purchase Of Business | — | — | — | — | — | — | ($1.3b) | ($37.0m) | ($1.2b) | ($40.0m) | |
| Purchase Of PPE | $527.3m | $686.4m | $687.8m | $692.4m | $720.4m | $470.7m | ($633.0m) | ($793.0m) | ($832.0m) | ($906.0m) | |
| Purchase of marketable securities | — | $0 | $0 | ($116.4m) | ($11.4m) | ($53.1m) | ($19.3m) | ($16.2m) | ($33.0m) | ($32.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($500.0m) | ($500.0m) | ($1.2b) | ($1.2b) | |
| Sale Of PPE | — | — | — | — | — | — | $24.0m | $42.0m | $79.0m | $214.0m | |
| Stock Based Compensation | — | — | — | — | — | — | $122.0m | $96.0m | $104.0m | $93.0m | |
| Stock repurchases | ($1.9b) | ($1.9b) | ($978.9m) | ($1.0b) | ($844.7m) | $0 | ($499.8m) | ($500.1m) | ($1.2b) | ($1.2b) | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | — | — | — | — | — | — | — | ($315.4m) | $0 | $0 | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($7.1m) | ($7.1m) | ($8.2m) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $1.9b | $2.2b | $2.2b | $2.4b | $1.6b | $1.9b | $1.8b | $2.9b | $3.0b | $2.5b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($633.0m) | ($793.0m) | ($832.0m) | ($906.0m) | |
| Acquisition of businesses, net of cash acquired | ($219.2m) | ($2.9b) | ($248.1m) | ($106.6m) | ($142.8m) | $0 | ($1.3b) | ($37.4m) | ($1.2b) | ($40.0m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $219.2m | $2.9b | $248.1m | $106.6m | $142.8m | $0 | $1.3b | $37.4m | $1.2b | $40.0m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($2.0m) | ($4.0m) | ($4.0m) | ($3.0m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($19.0m) | ($16.0m) | ($33.0m) | ($32.0m) | |
| Sale Of Investment | — | — | — | — | — | — | $17.0m | $12.0m | $29.0m | $29.0m | |
| Net Other Investing Changes | — | — | — | — | — | — | $14.0m | $7.0m | $5.0m | $18.0m | |
| Other investing activities | — | $6.8m | $3.3m | $1.8m | $69.1m | $0 | $14.3m | $8.5m | $5.0m | $18.0m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | ($1.8m) | ($69.1m) | $0 | ($14.3m) | ($8.5m) | ($5.0m) | ($18.0m) | |
| Net cash used for investing activities | ($600.8m) | ($3.6b) | ($913.7m) | ($742.9m) | ($756.3m) | ($428.7m) | ($1.9b) | ($784.6m) | ($2.0b) | ($717.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($600.8m) | ($3.6b) | ($913.7m) | ($742.9m) | ($756.3m) | ($428.7m) | ($1.9b) | ($784.6m) | ($2.0b) | ($717.0m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $1.2b | $249.0m | $1.4b | $1.3b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $1.2b | $249.0m | $1.4b | $1.3b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($642.0m) | ($581.0m) | $1.1b | $750.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($642.0m) | ($581.0m) | $915.0m | $705.0m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $200.0m | $45.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.9b) | ($830.0m) | ($447.0m) | ($549.0m) | |
| Other debt repayments including senior notes | ($126.8m) | ($143.7m) | ($552.0m) | ($790.2m) | ($1.1b) | ($2.0b) | ($494.6m) | ($829.8m) | ($447.0m) | ($549.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.9b) | ($830.0m) | ($447.0m) | ($549.0m) | |
| Repayments of Long-term Debt | — | — | $281.8m | $0 | — | — | — | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($500.0m) | ($500.0m) | ($1.2b) | ($1.2b) | |
| Common Stock Payments | — | — | — | — | — | — | ($500.0m) | ($500.0m) | ($1.2b) | ($1.2b) | |
| Payments for Repurchase of Common Stock | $1.9b | $1.9b | $978.9m | $1.0b | $844.7m | $0 | $499.8m | $500.1m | $1.2b | $1.2b | |
| Payments of Ordinary Dividends, Common Stock | $698.9m | $698.6m | $722.2m | $775.4m | $856.3m | $917.6m | $958.9m | $996.0m | $1.0b | $1.0b | |
| Cash Dividends Paid | — | — | — | — | — | — | ($959.0m) | ($996.0m) | ($1.0b) | ($1.0b) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($959.0m) | ($996.0m) | ($1.0b) | ($1.0b) | |
| Dividends Payable, Current | $174.1m | $174.9m | $187.4m | $200.0m | $228.7m | $240.6m | $249.2m | $252.6m | $251.0m | $258.0m | |
| Dividends paid | ($699) | ($699) | ($722) | ($775) | ($856) | ($918) | ($959) | ($996) | ($1k) | ($1k) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($14.0m) | ($58.0m) | ($33.0m) | ($22.0m) | |
| Other financing activities | ($52.0m) | ($32.5m) | ($25.3m) | ($23.0m) | ($87.8m) | ($13.2m) | ($37.4m) | ($58.2m) | ($33.0m) | ($22.0m) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | ($25.3m) | ($23.0m) | ($87.8m) | ($13.2m) | ($37.4m) | ($58.2m) | ($33.0m) | ($22.0m) | |
| Net cash used for financing activities | ($2.4b) | ($1.6b) | ($1.4b) | ($1.8b) | $4.7b | ($4.6b) | ($2.0b) | ($2.1b) | ($1.0b) | ($1.4b) | |
| Net Cash Provided by (Used in) Financing Activities | ($2.4b) | ($1.6b) | ($1.4b) | ($1.8b) | $4.7b | ($4.6b) | ($2.0b) | ($2.1b) | ($1.0b) | ($1.4b) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($32.0m) | $8.0m | ($10.0m) | $22.0m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($22.1m) | $11.8m | ($14.7m) | ($18.8m) | $94.6m | ($31.9m) | $7.6m | ($10.0m) | $22.0m | |
| Effect of exchange rates on cash, cash equivalents and restricted cash | ($138.3m) | ($22.1m) | $11.8m | ($14.7m) | ($18.8m) | $94.6m | ($31.9m) | $7.6m | ($10.0m) | $22.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($138.3m) | ($22.1m) | ($153.7m) | ($183.6m) | $5.6b | ($3.1b) | ($2.1b) | $34.7m | ($21.0m) | $403.0m | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | ($1.4b) | ($3.0b) | ($153.7m) | ($183.6m) | $5.6b | ($3.1b) | ($2.1b) | $34.7m | ($21.0m) | $403.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($138.3m) | ($22.1m) | $715.8m | $532.2m | $6.1b | $3.0b | $931.4m | $966.0m | $945.0m | $1.3b | |
| Cash, cash equivalents and restricted cash at beginning of period | $3.9b | $869.5m | $715.8m | $532.2m | $6.1b | $3.0b | $931.4m | $966.0m | $945.0m | $1.3b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($2.1b) | $35.0m | ($21.0m) | $403.0m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $200.2m | $285.0m | $301.7m | $346.7m | $325.3m | $877.5m | $498.3m | $510.7m | $557.0m | $629.0m | |
| Income Taxes Paid, Net | $180.6m | $761.4m | $268.4m | $531.1m | $376.6m | $103.5m | $450.1m | $444.4m | $564.0m | $640.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.