Sysco 2009 Annual Report Download - page 31

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Item 6. Selected Financial Data
2009 2008 2007 2006
(1)
2005
Fiscal Year
(In thousands except for share data)
Sales ............................... $ 36,853,330 $ 37,522,111 $ 35,042,075 $ 32,628,438 $ 30,281,914
Earnings before income taxes .............. 1,770,834 1,791,338 1,621,215 1,394,946 1,525,436
Income taxes . ......................... 714,886 685,187 620,139 548,906 563,979
Earnings before cumulative effect of accounting
change. ............................ 1,055,948 1,106,151 1,001,076 846,040 961,457
Cumulative effect of accounting change ....... — — — 9,285 —
Net earnings .......................... 1,055,948 1,106,151 1,001,076 855,325 961,457
Earnings before cumulative effect of accounting
change:
Basic earnings per share ................ $ 1.77 $ 1.83 $ 1.62 $ 1.36 $ 1.51
Diluted earnings per share ............... 1.77 1.81 1.60 1.35 1.47
Net earnings:
Basic earnings per share ................ $ 1.77 $ 1.83 $ 1.62 $ 1.38 $ 1.51
Diluted earnings per share ............... 1.77 1.81 1.60 1.36 1.47
Dividends declared per share . .............. 0.94 0.85 0.74 0.66 0.58
Total assets . .......................... $ 10,216,619 $ 10,082,293 $ 9,518,931 $ 8,992,025 $ 8,267,902
Capital expenditures ..................... 464,561 515,963 603,242 513,934 390,026
Current maturities of long-term debt . ......... $ 9,163 $ 4,896 $ 3,568 $ 106,265 $ 410,933
Long-term debt . . . ..................... 2,467,486 1,975,435 1,758,227 1,627,127 956,177
Total long-term debt ..................... 2,476,649 1,980,331 1,761,795 1,733,392 1,367,110
Shareholders’ equity . .................... 3,449,702 3,408,986 3,278,400 3,052,284 2,758,839
Total capitalization. . ..................... $ 5,926,351 $ 5,389,317 $ 5,040,195 $ 4,785,676 $ 4,125,949
Ratio of long-term debt to capitalization. ....... 41.8% 36.8% 35.0% 36.2% 33.1%
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 fair value recognition provisions in current stock compensation accounting standards effective at the beginning of
fiscal 2006. As a result, the results of operations for fiscal 2005 do not include incremental share-based compensation cost, as that
year was covered by previous accounting standards.
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