Company: SYY
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000096021-25-000157
Chunk: 26

Company: SYSCO CORP
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 26
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)Provision for losses on receivables30 21 Other non-cash items8 (40)Additional changes in certain assets and liabilities, net of effect of businesses acquired:Increase in receivables(349)(427)Increase in inventories(335)(287)Increase in prepaid expenses and other current assets(42)(16)Increase in accounts payable82 27 Decrease in accrued expenses(83)(128)Decrease in operating lease liabilities(49)(42)Increase in accrued income taxes66 140 (Increase) decrease in other assets(11)2 (Decrease) increase in other long-term liabilities(7)27 Net cash provided by operating activities86 53 Cash flows from investing activities:Additions to plant and equipment(160)(122)Proceeds from sales of plant and equipment24 77 Purchase of marketable securities— (12)Proceeds from sales of marketable securities7 10 Other investing activities22 1 Net cash used for investing activities(107)(46)Cash flows from financing activities:Bank and commercial paper borrowings, net76 240 Other debt borrowings including senior notes2 3 Other debt repayments including senior notes(42)(44)Proceeds from stock option exercises43 29 Stock repurchases— (108)Dividends paid(259)(251)Other financing activities(15)— Net cash used for financing activities(195)(131)Effect of exchange rates on cash, cash equivalents and restricted cash(6)13 Net decrease in cash, cash equivalents and restricted cash(222)(111)Cash, cash equivalents and restricted cash at beginning of period1,349 945 Cash, cash equivalents and restricted cash at end of period$1,127 $834 Supplemental disclosures of cash flow information:Cash paid during the period for:Interest$178 $144 Income taxes, net of refunds31 26 

See Notes to Consolidated Financial Statements

5

Sysco Corporation and its Consolidated Subsidiaries

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Unless this Form 10-Q indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Sysco,” or the “company” as used in this Form 10-Q refer to Sysco Corporation together with its consolidated subsidiaries and divisions.

1.  BASIS OF PRESENTATION

The consolidated