Company: SYY
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0000096021-25-000010
Chunk: 38

Company: SYSCO CORP
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 38
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877 $11,724 $(1,190)261,472,819 $(10,772)$2,404 

See Notes to Consolidated Financial Statements

4

Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED CASH FLOWS (Unaudited)

(In millions) 26-Week Period Ended Dec. 28, 2024Dec. 30, 2023Cash flows from operating activities:Net earnings$896 $919 Adjustments to reconcile net earnings to cash provided by operating activities:Share-based compensation expense60 53 Depreciation and amortization473 425 Operating lease asset amortization68 59 Amortization of debt issuance and other debt-related costs8 9 Deferred income taxes(22)(29)Provision for losses on receivables57 30 Other non-cash items(88)(4)Additional changes in certain assets and liabilities, net of effect of businesses acquired:Increase in receivables(83)(25)Increase in inventories(394)(98)(Increase) decrease in prepaid expenses and other current assets(3)3 Decrease in accounts payable(410)(404)(Decrease) increase in accrued expenses(17)17 Decrease in operating lease liabilities(88)(64)Increase (decrease) in accrued income taxes10 (55)(Increase) decrease in other assets(5)22 Increase (decrease) in other long-term liabilities36 (2)Net cash provided by operating activities498 856 Cash flows from investing activities:Additions to plant and equipment(333)(347)Proceeds from sales of plant and equipment166 18 Acquisition of businesses, net of cash acquired(40)(1,175)Purchase of marketable securities(16)(1)Proceeds from sales of marketable securities13 — Other investing activities6 — Net cash used for investing activities(204)(1,505)Cash flows from financing activities:Bank and commercial paper borrowings, net459 500 Other debt borrowings including senior notes3 1,133 Other debt repayments including senior notes(91)(188)Proceeds from stock option exercises67 57 Stock repurchases(300)(200)Dividends paid(503)(506)Other financing activities— (18)Net cash (used for) provided by financing activities(365)778 Effect of exchange rates on cash, cash equivalents and restricted cash(