Sysco 2008 Annual Report Download - page 35

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Item 6. Selected Financial Data
2008 2007 2006
(1)
2005
2004
(53 Weeks)
Fiscal Year
(In thousands except for share data)
Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 37,522,111 $ 35,042,075 $ 32,628,438 $ 30,281,914 $ 29,335,403
Earnings before income taxes . . . . . . . . . 1,791,338 1,621,215 1,394,946 1,525,436 1,475,144
Income taxes . . . . . . . . . . . . . . . . . . . . . 685,187 620,139 548,906 563,979 567,930
Earnings before cumulative effect of
accounting change . . . . . . . . . . . . . . . . 1,106,151 1,001,076 846,040 961,457 907,214
Cumulative effect of accounting change . . — — 9,285 — —
Net earnings. . . . . . . . . . . . . . . . . . . . . . $ 1,106,151 $ 1,001,076 $ 855,325 $ 961,457 $ 907,214
Earnings before cumulative effect of
accounting change:
Basic earnings per share . . . . . . . . . . . $ 1.83 $ 1.62 $ 1.36 $ 1.51 $ 1.41
Diluted earnings per share . . . . . . . . . . 1.81 1.60 1.35 1.47 1.37
Net earnings:
Basic earnings per share . . . . . . . . . . . $ 1.83 $ 1.62 $ 1.38 $ 1.51 $ 1.41
Diluted earnings per share . . . . . . . . . . 1.81 1.60 1.36 1.47 1.37
Dividends declared per share . . . . . . . . . . 0.85 0.74 0.66 0.58 0.50
Total assets . . . . . . . . . . . . . . . . . . . . . . $ 10,082,293 $ 9,518,931 $ 8,992,025 $ 8,267,902 $ 7,847,632
Capital expenditures . . . . . . . . . . . . . . . . 515,963 603,242 513,934 390,026 530,086
Current maturities of long-term debt. . . . . $ 4,896 $ 3,568 $ 106,265 $ 410,933 $ 162,833
Long-term debt . . . . . . . . . . . . . . . . . . . . 1,975,435 1,758,227 1,627,127 956,177 1,231,493
Total long-term debt . . . . . . . . . . . . . . . . 1,980,331 1,761,795 1,733,392 1,367,110 1,394,326
Shareholders’ equity . . . . . . . . . . . . . . . . 3,408,986 3,278,400 3,052,284 2,758,839 2,564,506
Total capitalization . . . . . . . . . . . . . . . . . . $ 5,389,317 $ 5,040,195 $ 4,785,676 $ 4,125,949 $ 3,958,832
Ratio of long-term debt to capitalization . . 36.8% 35.0% 36.2% 33.1% 35.2%
Our financial results are impacted by accounting changes and the adoption of various accounting standards. See “Accounting Changes” in
Item 7 for further discussion.
(1)
We adopted the provisions of SFAS 123(R), “Share-Based Payment” effective at the beginning of fiscal 2006. As a result, the results of
operations for fiscal 2006 and later years include incremental share-based compensation cost over what would have been recorded
had we continued to account for share-based compensation under APB No. 25, “Accounting for Stock Issued to Employees.”
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