SYSCO CORP

Listed Company

SYYCIK 0000096021NYSELarge AcceleratedWholesale-Groceries & Related ProductsDelawareFY ends Jun 27

Period

FY 2025

Revenue

$81.37B

Net Income

$1.83B

Total Assets

$26.77B

Equity

$1.83B

Shares Out

478.18M

Op. Cash Flow

$2.51B

Business

SYSCO CORP is a global distributor of food and related products serving the foodservice or food-away-from-home industry. It offers fresh, frozen, canned and dry foods, fresh produce, meat and seafood, dairy and beverage products, imported specialties, private-label goods, and a broad range of non-food items plus ancillary services such as delivery, menu planning, food safety training and inventory support. Its operations are organized into U.S. Foodservice Operations, International Foodservice Operations, SYGMA (customized distribution) and Other (including Guest Worldwide). Sysco serves restaurants, healthcare, education, lodging and other foodservice customers across North America and Europe through its network of operating sites that provide daily and special-order delivery supported by sales and marketing teams.

Summary from filing dated 2025-08-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Sales	81,370	78,844	76,325	68,636	51,298
Cost of sales	66,401	64,236	62,370	56,316	41,941
Gross profit	14,969	14,608	13,955	12,320	9,357
Operating expenses	11,881	11,406	10,916	9,974	7,910
Operating income	3,088	3,202	3,039	2,346	1,447
Interest expense	635	607	527	—	—
Other expense (income), net	38	30	227	—	—
Earnings before income taxes	2,415	2,565	2,285	1,747	585
Income taxes	587	610	515	388	61
Net earnings	1,828	1,955	1,770	1,359	524
Basic earnings per share (in dollars per share)	3.74	3.9	3.49	2.66	1.03
Diluted earnings per share (in dollars per share)	3.73	3.89	3.47	2.64	1.02
Average shares outstanding (in shares)	488	501	507	511	511
Diluted shares outstanding (in shares)	490	503	510	514	514

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	1,071	696	745	867	3,007
Accounts receivable, less allowances of $17 and $54	5,502	5,324	5,092	4,839	3,782
Inventories	5,053	4,678	4,481	4,437	3,695
Prepaid expenses and other current assets	338	323	284	304	241
Income tax receivable	4	22	6	36	9
Total current assets	11,968	11,043	10,608	10,483	10,734
Plant and equipment at cost, less accumulated depreciation	6,084	5,497	4,915	4,456	4,326
Goodwill	5,200	5,153	4,646	4,542	3,944
Intangibles, less amortization	1,080	1,188	860	953	746
Deferred income taxes	497	445	420	378	353
Operating lease right-of-use assets, net	1,131	923	732	723	709
Other assets	783	668	640	550	602
Total other long-term assets	8,722	8,377	7,298	7,146	6,354
Total assets	26,774	24,917	22,821	22,086	21,414
Accounts payable	6,512	6,290	6,025	5,753	4,885
Accrued expenses	2,268	2,226	2,251	2,271	1,815
Accrued income taxes	51	131	102	40	23
Current operating lease liabilities	136	125	99	106	103
Current maturities of long-term debt	949	469	63	581	495
Total current liabilities	9,916	9,241	8,540	8,750	7,320
Long-term debt	12,360	11,513	10,348	10,067	10,588
Deferred income taxes	345	345	303	250	147
Long-term operating lease liabilities	1,049	838	656	636	634
Other long-term liabilities	1,247	1,089	932	968	1,136
Total long-term liabilities	15,001	13,785	12,239	11,921	12,506
Noncontrolling interest	27	31	33	32	35
Preferred stock, par value $1 per share Authorized 1,500,000 shares, issued none	0	0	0	0	0
Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares	765	765	765	765	765
Paid-in capital	1,986	1,908	1,815	1,766	1,620
Retained earnings	13,061	12,260	11,311	10,540	10,152
Accumulated other comprehensive loss	−1,098	−1,339	−1,253	−1,482	−1,149
Treasury stock at cost, 287,678,658 and 273,416,685 shares	−12,884	−11,734	−10,629	−10,207	—
Total shareholders equity	1,830	1,860	2,009	1,382	1,553
Total liabilities and shareholders equity	26,774	24,917	22,821	22,086	21,414

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Share-based compensation expense	93	104	96	122	96
Depreciation and amortization	945	873	776	773	738
Operating lease asset amortization	141	124	113	108	114
Amortization of debt issuance and other debt-related costs	15	19	20	22	26
Deferred income taxes	−13	27	−16	−64	−158
Provision for losses on receivables	85	57	36	−15	−153
Goodwill impairment	92	0	0	0	0
Other non-cash items	−100	−12	−7	−13	−17
Increase in receivables	−206	−110	−271	−971	−662
Increase in inventories	−330	−70	−22	−709	−551
(Increase) decrease in prepaid expenses and other current assets	−22	−2	2	5	−33
Increase in accounts payable	143	104	196	810	1,459
(Decrease) increase in accrued expenses	−14	−12	22	423	167
Decrease in operating lease liabilities	−177	−144	−134	—	—
(Decrease) increase in accrued income taxes	−62	13	92	−10	119
Decrease in other assets	18	38	6	−1	19
Increase (decrease) in other long-term liabilities	74	25	−126	−38	41
Net cash provided by operating activities	2,510	2,989	2,868	1,791	1,904
Additions to plant and equipment	−906	−832	−793	−633	−471
Proceeds from sales of plant and equipment	214	79	42	24	59
Acquisition of businesses, net of cash acquired	−40	−1,210	−37	−1,281	0
Purchase of marketable securities	−32	−33	−16	−19	−53
Proceeds from sales of marketable securities	29	29	12	17	36
Other investing activities	18	5	7	14	0
Net cash used for investing activities	−717	−1,962	−785	−1,878	−429
Bank and commercial paper borrowings, net	45	200	0	0	−826
Other debt borrowings including senior notes	1,254	1,362	249	1,248	1
Other debt repayments including senior notes	−549	−447	−830	−494	−2,003
Proceeds from stock option exercises	110	120	79	128	130
Stock repurchases	−1,250	−1,232	−500	−500	0
Dividends paid	−1,000	−1,008	−996	−959	−918
Other financing activities	−22	−33	−58	−37	−13
Net cash used for financing activities	−1,412	−1,038	−2,056	−1,987	−4,628
Effect of exchange rates on cash, cash equivalents and restricted cash	22	−10	8	−32	95
Net increase (decrease) in cash, cash equivalents and restricted cash	403	−21	35	−2,106	−3,058
Interest	629	557	511	498	878
Income taxes, net of refunds	640	564	444	450	104

Filings

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