Sysco 2009 Annual Report Download - page 57

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SYSCO
CONSOLIDATED RESULTS OF OPERATIONS
June 27, 2009 June 28, 2008 June 30, 2007
Year Ended
(In thousands except for share data)
Sales ........................................................ $ 36,853,330 $ 37,522,111 $ 35,042,075
Cost of sales. . . ................................................ 29,816,999 30,327,254 28,284,603
Gross margin . . ................................................ 7,036,331 7,194,857 6,757,472
Operating expenses. ............................................. 5,164,120 5,314,908 5,048,990
Operating income ............................................... 1,872,211 1,879,949 1,708,482
Interest expense . ............................................... 116,322 111,541 105,002
Other income, net . .............................................. (14,945) (22,930) (17,735)
Earnings before income taxes . . ..................................... 1,770,834 1,791,338 1,621,215
Income taxes . . ................................................ 714,886 685,187 620,139
Net earnings . . . ................................................ $ 1,055,948 $ 1,106,151 $ 1,001,076
Net earnings:
Basic earnings per share . ........................................ $ 1.77 $ 1.83 $ 1.62
Diluted earnings per share . . . ..................................... 1.77 1.81 1.60
Dividends declared per common share . ................................ $ 0.94 $ 0.85 $ 0.74
See Notes to Consolidated Financial Statements
37