Sysco 2007 Annual Report Download - page 93

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The following condensed consolidating financial statements present separately the financial position, results of operations
and cash flows of the parent guarantor (SYSCO), the subsidiary issuer (SYSCO International) and all other non-guarantor
subsidiaries of SYSCO (Other Non-Guarantor Subsidiaries) on a combined basis and eliminating entries.
CONDENSED CONSOLIDATING BALANCE SHEET
(In thousands) SYSCO
SYSCO
International
Other Non-Guarantor
Subsidiaries Eliminations
Consolidated
Totals
June 30, 2007
Current assets ______________________ $ 244,441 $ — $ 4,431,105 $ — $4,675,546
Investment in subsidiaries ____________ 12,675,360 349,367 126,364 (13,151,091) —
Plant and equipment, net _____________ 170,288 — 2,550,945 — 2,721,233
Other assets ________________________ 654,287 — 1,467,865 — 2,122,152
Total assets _________________________ $13,744,376 $349,367 $ 8,576,279 $(13,151,091) $9,518,931
Current liabilities ____________________ $ 371,149 $ 1,034 $ 3,042,906 $ — $3,415,089
Intercompany payables (receivables)____ 8,251,239 44,757 (8,295,996) — —
Long-term debt _____________________ 1,471,428 243,786 43,013 — 1,758,227
Other liabilities ______________________ 505,660 — 561,555 — 1,067,215
Shareholders’ equity _________________ 3,144,900 59,790 13,224,801 (13,151,091) 3,278,400
Total liabilities and shareholders’
equity ____________________________ $13,744,376 $349,367 $ 8,576,279 $(13,151,091) $9,518,931
CONDENSED CONSOLIDATING BALANCE SHEET
(In thousands) SYSCO
SYSCO
International
Other Non-Guarantor
Subsidiaries Eliminations
Consolidated
Totals
July 1, 2006
Current assets ________________________ $ 162,177 $ 35 $ 4,237,482 $ — $4,399,694
Investment in subsidiaries ______________ 11,282,232 317,812 125,433 (11,725,477) —
Plant and equipment, net _______________ 174,020 — 2,290,880 — 2,464,900
Other assets __________________________ 711,056 — 1,416,375 — 2,127,431
Total assets __________________________ $12,329,485 $317,847 $ 8,070,170 $(11,725,477) $8,992,025
Current liabilities______________________ $ 331,417 $ 1,022 $ 2,893,964 $ — $3,226,403
Intercompany payables (receivables) _____ 7,207,923 38,308 (7,246,231) — —
Long-term debt _______________________ 1,358,452 224,247 44,428 — 1,627,127
Other liabilities _______________________ 487,858 — 598,353 — 1,086,211
Shareholders’ equity ___________________ 2,943,835 54,270 11,779,656 (11,725,477) 3,052,284
Total liabilities and shareholders’ equity __ $12,329,485 $317,847 $ 8,070,170 $(11,725,477) $8,992,025
SYSCO Corporation ][ page 67