Sysco 2007 Annual Report Download - page 64

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SYSCO
CONSOLIDATED RESULTS OF OPERATIONS
(In thousands except for share data) June 30, 2007 July 1, 2006 July 2, 2005
Year Ended
Sales ________________________________________________________________ $35,042,075 $32,628,438 $30,281,914
Costs and expenses
Cost of sales _______________________________________________________ 28,284,603 26,337,107 24,498,200
Operating expenses________________________________________________ 5,048,990 4,796,301 4,194,184
Interest expense __________________________________________________ 105,002 109,100 75,000
Other, net ________________________________________________________ (17,735) (9,016) (10,906)
Total costs and expenses _______________________________________ 33,420,860 31,233,492 28,756,478
Earnings before income taxes and cumulative effect of accounting change ____ 1,621,215 1,394,946 1,525,436
Income taxes _________________________________________________________ 620,139 548,906 563,979
Earnings before cumulative effect of accounting change ____________________ 1,001,076 846,040 961,457
Cumulative effect of accounting change __________________________________ —9,285 —
Net earnings _________________________________________________________ $ 1,001,076 $ 855,325 $ 961,457
Earnings before cumulative effect of accounting change:
Basic earnings per share ___________________________________________ $ 1.62 $ 1.36 $ 1.51
Diluted earnings per share _________________________________________ 1.60 1.35 1.47
Net earnings:
Basic earnings per share ___________________________________________ 1.62 1.38 1.51
Diluted earnings per share _________________________________________ 1.60 1.36 1.47
See Notes to Consolidated Financial Statements
page 38 ][ SYSCO Corporation