Sysco 2011 Annual Report Download - page 16

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CORE STRENGTH
F
S
Our sales have increased nearly every year
for more than four decades. This enviable
history is built on durable relationships
with both customers and suppliers. And
webelieve we have many opportunities to
continue to grow our business across all
customer segments.
As a result, our strong cash flow and
commitment to prudent financial manage-
ment give us the strength to continue to
invest in our business and return value to
our shareholders. We have consistently
delivered a strong return on invested capi-
tal every year for the past decade and we
have paid a dividend every year since going
public in 1970, increasing the dividend
42 times during that period.
Net Cash
Provided by
Operating Activities
in millions of dollars
2011: $1,092
1,416
07
1,570
08
1,577
09
885
10
1,092
11
Net Earnings
in millions of dollars
2011: $1,152
1,001
07
1,106
08
1,056
09
1,180
10
1,152
11
Dividends
Declared
Per Share
in dollars
2011: $1.03
0.74
07
0.85
08
0.94
09
0.99
10
1.03
11
14