Sysco 2008 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2008 Sysco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

SYSCO
CONSOLIDATED SHAREHOLDERS’ EQUITY
Shares Amount
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss) Shares Amount Total
Common Stock Treasury Stock
(In thousands except for share data)
Balance as of July 2, 2005 .... 765,174,900 $765,175 $389,053 $4,552,379 $ (13,677) 136,607,370 $2,934,091 $2,758,839
Net earnings .............. 855,325 855,325
Minimum pension liability
adjustment ............. 43,180 43,180
Foreign currency translation
adjustment ............. 47,718 47,718
Change in fair value of interest
rate swap .............. 7,064 7,064
Amortization of cash flow
hedge . . ............... 333 333
Comprehensive income . . .... 953,620
Dividends declared ......... (408,264) (408,264)
Treasury stock purchases . .... 16,104,800 530,563 (530,563)
Treasury stock issued for
acquisitions ............. 1,750 (126,027) (1,305) 3,055
Share-based compensation
awards . ............... 134,881 (6,306,823) (140,716) 275,597
Balance as of July 1, 2006 .... 765,174,900 $765,175 $525,684 $4,999,440 $ 84,618 146,279,320 $3,322,633 $3,052,284
Net earnings .............. 1,001,076 1,001,076
Minimum pension liability
adjustment ............. 3,469 3,469
Foreign currency translation
adjustment ............. 25,052 25,052
Amortization of cash flow
hedge . . ............... 428 428
Comprehensive income . . .... 1,030,025
Dividends declared ......... (456,438) (456,438)
Treasury stock purchases . .... 16,501,200 559,788 (559,788)
Share-based compensation
awards . ............... 111,470 (9,445,997) (218,475) 329,945
Adoption of SFAS 158
recognition provision . . . .... (117,628) (117,628)
Balance as of June 30, 2007 . . . 765,174,900 $765,175 $637,154 $5,544,078 $ (4,061) 153,334,523 $3,663,946 $3,278,400
Net earnings .............. 1,106,151 1,106,151
Foreign currency translation
adjustment ............. 30,514 30,514
Amortization of cash flow
hedge . . ............... 427 427
Amortization of prior service
cost . . . ............... 3,777 3,777
Amortization of net actuarial
losses . . ............... 2,003 2,003
Amortization of transition
obligation .............. 93 93
Pension funded status
adjustment ............. (124,301) (124,301)
Comprehensive income . . .... 1,018,664
Dividends declared ......... (513,593) (513,593)
Treasury stock purchases . .... 16,499,900 520,255 (520,255)
Share-based compensation
awards . ............... 75,054 (5,892,065) (143,143) 218,197
Adoption of FIN 48 ......... (91,635) (91,635)
Adoption of SFAS 158
measurement date
provision ............... (3,572) 22,780 19,208
Balance as of June 28, 2008 . . . 765,174,900 $765,175 $712,208 $6,041,429 $ (68,768) 163,942,358 $4,041,058 $3,408,986
See Notes to Consolidated Financial Statements
37