Company: SYY
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000096021-25-000037
Chunk: 40

Company: SYSCO CORP
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 40
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174,900 $765 $1,847 $11,899 $(1,231)266,250,088 $(11,179)$2,101 

See Notes to Consolidated Financial Statements

4

Sysco Corporation and its Consolidated Subsidiaries

CONSOLIDATED CASH FLOWS (Unaudited)

(In millions) 39-Week Period Ended Mar. 29, 2025Mar. 30, 2024Cash flows from operating activities:Net earnings$1,297 $1,343 Adjustments to reconcile net earnings to cash provided by operating activities:Share-based compensation expense74 77 Depreciation and amortization709 647 Operating lease asset amortization102 92 Amortization of debt issuance and other debt-related costs11 14 Deferred income taxes(27)(25)Provision for losses on receivables72 43 Other non-cash items(84)(2)Additional changes in certain assets and liabilities, net of effect of businesses acquired:Increase in receivables(228)(325)Increase in inventories(214)(126)(Increase) decrease in prepaid expenses and other current assets(11)23 Decrease in accounts payable(128)(282)(Decrease) increase in accrued expenses(98)29 Decrease in operating lease liabilities(132)(103)Decrease in accrued income taxes(91)(68)Decrease in other assets16 25 Increase in other long-term liabilities49 11 Net cash provided by operating activities1,317 1,373 Cash flows from investing activities:Additions to plant and equipment(532)(530)Proceeds from sales of plant and equipment169 21 Acquisition of businesses, net of cash acquired(40)(1,181)Purchase of marketable securities(25)(12)Proceeds from sales of marketable securities24 — Other investing activities12 1 Net cash used for investing activities(392)(1,701)Cash flows from financing activities:Bank and commercial paper (repayments) borrowings, net(33)525 Other debt borrowings including senior notes1,254 1,261 Other debt repayments including senior notes(143)(339)Proceeds from stock option exercises96 103 Stock repurchases(700)(700)Dividends paid(752)(758)Other financing activities(21)(32)Net cash (used for) provided by financing activities(299