Sysco 2009 Annual Report Download - page 56

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SYSCO
CONSOLIDATED BALANCE SHEETS
June 27, 2009 June 28, 2008
(In thousands except for
share data)
ASSETS
Current assets
Cash and cash equivalents .................................................... $ 1,087,084 $ 551,552
Accounts and notes receivable, less allowances of $36,078 and $31,730 .................... 2,468,511 2,723,189
Inventories ............................................................... 1,650,666 1,836,478
Prepaid expenses and other current assets . ........................................ 64,418 63,814
Total current assets ....................................................... 5,270,679 5,175,033
Plant and equipment at cost, less depreciation . ....................................... 2,979,200 2,889,790
Other assets
Goodwill . ................................................................ 1,510,795 1,413,224
Intangibles, less amortization .................................................. 121,089 87,528
Restricted cash ............................................................ 93,858 92,587
Prepaid pension cost ........................................................ 26,746 215,159
Other assets . ............................................................. 214,252 208,972
Total other assets . ........................................................ 1,966,740 2,017,470
Total assets ................................................................ $ 10,216,619 $ 10,082,293
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable . . ........................................................ $ 1,856,887 $ 2,048,759
Accrued expenses . . ........................................................ 797,756 917,892
Accrued income taxes ....................................................... 323,983 11,665
Deferred taxes ............................................................ 162,365 516,131
Current maturities of long-term debt ............................................. 9,163 4,896
Total current liabilities ...................................................... 3,150,154 3,499,343
Other liabilities
Long-term debt ............................................................ 2,467,486 1,975,435
Deferred taxes ............................................................ 526,377 540,330
Other long-term liabilities ..................................................... 622,900 658,199
Total other liabilities ....................................................... 3,616,763 3,173,964
Commitments and contingencies
Shareholders’ equity
Preferred stock, par value $1 per share
Authorized 1,500,000 shares, issued none . ....................................... — —
Common stock, par value $1 per share
Authorized 2,000,000,000 shares, issued 765,174,900 shares . . . ....................... 765,175 765,175
Paid-in capital ............................................................. 760,352 712,208
Retained earnings . . ........................................................ 6,539,890 6,041,429
Accumulated other comprehensive loss ........................................... (277,986) (68,768)
Treasury stock, 175,148,403 and 163,942,358 shares . ................................. (4,337,729) (4,041,058)
Total shareholders’ equity ................................................... 3,449,702 3,408,986
Total liabilities and shareholders’ equity ............................................. $ 10,216,619 $ 10,082,293
See Notes to Consolidated Financial Statements
36