Sysco 2011 Annual Report Download - page 65

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SYSCO
CONSOLIDATED BALANCE SHEETS
July 2, 2011 July 3, 2010
(In thousands except for
share data)
ASSETS
Current assets
Cash and cash equivalents................................................... $ 639,765 $ 585,443
Short-term investments. . ................................................... — 23,511
Accounts and notes receivable, less allowances of $42,436 and $36,573 .................. 2,898,283 2,617,352
Inventories ............................................................. 2,073,766 1,771,539
Prepaid expenses and other current assets ....................................... 72,496 70,992
Prepaid income taxes . . . ................................................... 48,572 7,421
Total current assets . . . ................................................... 5,732,882 5,076,258
Plant and equipment at cost, less depreciation ...................................... 3,512,389 3,203,823
Other assets
Goodwill ............................................................... 1,633,289 1,549,815
Intangibles, less amortization ................................................. 109,938 106,398
Restricted cash .......................................................... 110,516 124,488
Prepaid pension cost....................................................... — —
Other assets ............................................................ 286,541 252,919
Total other assets ....................................................... 2,140,284 2,033,620
Total assets .............................................................. $ 11,385,555 $ 10,313,701
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Notes payable ........................................................... $ 181,975 $ —
Accounts payable ......................................................... 2,183,417 1,953,092
Accrued expenses ........................................................ 856,569 870,114
Deferred income taxes . . ................................................... 146,083 178,022
Current maturities of long-term debt ............................................ 207,031 7,970
Total current liabilities . ................................................... 3,575,075 3,009,198
Other liabilities
Long-term debt .......................................................... 2,279,517 2,472,662
Deferred income taxes . . ................................................... 204,223 271,512
Other long-term liabilities. ................................................... 621,498 732,803
Total other liabilities . . . ................................................... 3,105,238 3,476,977
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 ............................................................ 887,754 816,833
Retained earnings......................................................... 7,681,669 7,134,139
Accumulated other comprehensive loss . ........................................ (259,958) (480,251)
Treasury stock, 173,597,346 and 176,768,795 shares, at cost .......................... (4,369,398) (4,408,370)
Total shareholders’ equity .................................................. 4,705,242 3,827,526
Total liabilities and shareholders’ equity . . . ........................................ $ 11,385,555 $ 10,313,701
See Notes to Consolidated Financial Statements
41