Company: SYY
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000096021-25-000037
Chunk: 36

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 36
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Item 1.  Financial Statements

Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED BALANCE SHEETS

(In millions, except for share data) Mar. 29, 2025Jun. 29, 2024 (unaudited)ASSETSCurrent assetsCash and cash equivalents$1,527 $696 Accounts receivable, less allowances of $114 and $545,465 5,324 Inventories4,893 4,678 Prepaid expenses and other current assets375 323 Income tax receivable22 22 Total current assets12,282 11,043 Plant and equipment at cost, less accumulated depreciation5,719 5,497 Other long-term assetsGoodwill5,199 5,153 Intangibles, less amortization1,100 1,188 Deferred income taxes456 445 Operating lease right-of-use assets, net1,096 923 Other assets495 668 Total other long-term assets8,346 8,377 Total assets$26,347 $24,917 LIABILITIES AND SHAREHOLDERS’ EQUITYCurrent liabilitiesAccounts payable$6,183 $6,290 Accrued expenses2,147 2,226 Accrued income taxes40 131 Current operating lease liabilities133 125 Current maturities of long-term debt1,232 469 Total current liabilities9,735 9,241 Long-term liabilitiesLong-term debt12,234 11,513 Deferred income taxes342 345 Long-term operating lease liabilities1,010 838 Other long-term liabilities1,081 1,089 Total long-term liabilities14,667 13,785 Noncontrolling interest23 31 Shareholders’ equityPreferred stock, par value $1 per share Authorized 1,500,000 shares, issued none— — Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares765 765 Paid-in capital1,963 1,908 Retained earnings12,792 12,260 Accumulated other comprehensive loss(1,255)(1,339)Treasury stock at cost, 280,429,662 and 273,416,685 shares(12,343)(11,734)Total shareholders’ equity1,922 1