Sysco 2010 Annual Report Download - page 62
Download and view the complete annual report
Please find page 62 of the 2010 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.SYSCO
CONSOLIDATED BALANCE SHEETS
July 3, 2010 June 27, 2009
(In thousands except for
share data)
ASSETS
Current assets
Cash and cash equivalents................................................... $ 585,443 $ 1,018,651
Short-term investments..................................................... 23,511 —
Accounts and notes receivable, less allowances of $36,573 and $36,078 .................. 2,617,352 2,468,511
Inventories ............................................................. 1,771,539 1,650,666
Prepaid expenses and other current assets ....................................... 70,992 64,418
Prepaid income taxes ...................................................... 7,421 —
Total current assets ...................................................... 5,076,258 5,202,246
Plant and equipment at cost, less depreciation . . . ................................... 3,203,823 2,979,200
Other assets
Goodwill ............................................................... 1,549,815 1,510,795
Intangibles, less amortization . . . .............................................. 106,398 121,089
Restricted cash . ......................................................... 124,488 93,858
Prepaid pension cost....................................................... — 26,746
Other assets . . . ......................................................... 252,919 214,252
Total other assets ....................................................... 2,033,620 1,966,740
Total assets .............................................................. $ 10,313,701 $ 10,148,186
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable ......................................................... $ 1,953,092 $ 1,788,454
Accrued expenses ........................................................ 870,114 797,756
Accrued income taxes...................................................... — 323,983
Deferred income taxes ..................................................... 178,022 162,365
Current maturities of long-term debt ............................................ 7,970 9,163
Total current liabilities .................................................... 3,009,198 3,081,721
Other liabilities
Long-term debt . ......................................................... 2,472,662 2,467,486
Deferred income taxes ..................................................... 271,512 526,377
Other long-term liabilities.................................................... 732,803 622,900
Total other liabilities ...................................................... 3,476,977 3,616,763
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 . . . ......................................................... 816,833 760,352
Retained earnings......................................................... 7,134,139 6,539,890
Accumulated other comprehensive loss ......................................... (480,251) (277,986)
Treasury stock, 176,768,795 and 175,148,403 shares, at cost . . ........................ (4,408,370) (4,337,729)
Total shareholders’ equity .................................................. 3,827,526 3,449,702
Total liabilities and shareholders’ equity ........................................... $ 10,313,701 $ 10,148,186
See Notes to Consolidated Financial Statements
38