Sysco 2007 Annual Report Download - page 95

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CONDENSED CONSOLIDATING RESULTS OF OPERATIONS
(In thousands) SYSCO
SYSCO
International
Other Non-Guarantor
Subsidiaries Eliminations
Consolidated
Totals
Year Ended July 2, 2005
Sales __________________________________ $ — $ — $30,281,914 $ — $30,281,914
Cost of sales ____________________________ — — 24,498,200 — 24,498,200
Operating expenses ______________________ 100,595 115 4,093,474 — 4,194,184
Interest expense (income) ________________ 312,901 11,510 (249,411) — 75,000
Other, net ______________________________ (747) — (10,159) — (10,906)
Total costs and expenses _________________ 412,749 11,625 28,332,104 — 28,756,478
Earnings (loss) before income taxes________ (412,749) (11,625) 1,949,810 — 1,525,436
Income tax (benefit) provision _____________ (157,876) (4,447) 726,302 — 563,979
Equity in earnings of subsidiaries __________ 1,216,330 6,500 — (1,222,830) —
Net earnings (loss) ______________________ $ 961,457 $ (678) $ 1,223,508 $(1,222,830) $ 961,457
CONDENSED CONSOLIDATING CASH FLOWS
(In thousands) SYSCO
SYSCO
International
Other Non-Guarantor
Subsidiaries
Consolidated
Totals
Year Ended June 30, 2007
Net cash provided by (used for):
Operating activities__________________________________ $ (238,228) $ (7,326) $ 1,648,476 $1,402,922
Investing activities __________________________________ (28,970) — (619,741) (648,711)
Financing activities __________________________________ (764,350) 19,540 (3,440) (748,250)
Exchange rate on cash_______________________________ — — 14 14
Intercompany activity ________________________________ 1,036,150 (12,214) (1,023,936) —
Net increase in cash ________________________________ 4,602 — 1,373 5,975
Cash at the beginning of the period____________________ 131,275 — 70,622 201,897
Cash at the end of the period _________________________ $ 135,877 $ — $ 71,995 $ 207,872
CONDENSED CONSOLIDATING CASH FLOWS
(In thousands) SYSCO
SYSCO
International
Other Non-Guarantor
Subsidiaries
Consolidated
Totals
Year Ended July 1, 2006
Net cash provided by (used for):
Operating activities ____________________________________ $(285,446) $ (7,496) $1,417,621 $1,124,679
Investing activities _____________________________________ (71,851) — (537,667) (609,518)
Financing activities ____________________________________ (490,457) (8,311) (5,849) (504,617)
Exchange rate on cash _________________________________ — — (325) (325)
Intercompany activity __________________________________ 853,281 15,807 (869,088) —
Net increase in cash ___________________________________ 5,527 — 4,692 10,219
Cash at the beginning of the period ______________________ 125,748 — 65,930 191,678
Cash at the end of the period ___________________________ $ 131,275 $ — $ 70,622 $ 201,897
SYSCO Corporation ][ page 69