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SYSCO CORPORATION-Form10-K80
PARTII
ITEM8Financial Statements and Supplementary Data
(In thousands)
Condensed Consolidating Statement of Comprehensive Income
Year Ended June30,2012
Sysco
U.S. Broadline
Subsidiaries
Other Non-
Guarantor
Subsidiaries Eliminations
Consolidated
Totals
Sales $ - $ 29,100,106 $ 14,131,162 $ (850,329) $ 42,380,939
Cost of sales - 23,374,199 12,089,441 (759,278) 34,704,362
Gross profi t - 5,725,907 2,041,721 (91,051) 7,676,577
Operating expenses 527,888 3,534,382 1,814,726 (91,051) 5,785,945
Operating income (loss) (527,888) 2,191,525 226,995 - 1,890,632
Interest expense (income) 396,374 (281,193) (1,785) - 113,396
Other expense (income), net (6,993) (1,244) 1,471 - (6,766)
Earnings (losses) before income taxes (917,269) 2,473,962 227,309 - 1,784,002
Income tax (benefi t) provision (340,592) 918,607 84,402 - 662,417
Equity in earnings of subsidiaries 1,698,262 - - (1,698,262) -
Net earnings 1,121,585 1,555,355 142,907 (1,698,262) 1,121,585
Other comprehensive income (loss) (321,905) - (81,003) - (402,908)
COMPREHENSIVE INCOME $ 799,680 $ 1,555,355 $ 61,904 $ (1,698,262) $ 718,677
(In thousands)
Condensed Consolidating Statement of Comprehensive Income
Year Ended July2,2011
Sysco
U.S. Broadline
Subsidiaries
Other Non-
Guarantor
Subsidiaries Eliminations
Consolidated
Totals
Sales $ - $ 27,138,172 $ 12,861,426 $ (676,109) $ 39,323,489
Cost of sales - 21,591,829 10,923,446 (586,498) 31,928,777
Gross profi t - 5,546,343 1,937,980 (89,611) 7,394,712
Operating expenses 535,224 3,455,148 1,562,449 (89,611) 5,463,210
Operating income (loss) (535,224) 2,091,195 375,531 - 1,931,502
Interest expense (income) 453,593 (332,561) (2,765) - 118,267
Other expense (income), net (5,581) (4,636) (4,002) - (14,219)
Earnings (losses) before income taxes (983,236) 2,428,392 382,298 - 1,827,454
Income tax (benefi t) provision (363,403) 897,529 141,298 - 675,424
Equity in earnings of subsidiaries 1,771,863 - - (1,771,863) -
Net earnings 1,152,030 1,530,863 241,000 (1,771,863) 1,152,030
Other comprehensive income (loss) 98,076 - 122,217 - 220,293
COMPREHENSIVE INCOME $ 1,250,106 $ 1,530,863 $ 363,217 $ (1,771,863) $ 1,372,323
(In thousands)
Condensed Consolidating Statement of Comprehensive Income
Year Ended July3,2010
(53Weeks)
Sysco
U.S. Broadline
Subsidiaries
Other Non-
Guarantor
Subsidiaries Eliminations
Consolidated
Totals
Sales $ - $ 25,966,566 $ 11,821,286 $ (544,357) $ 37,243,495
Cost of sales - 20,499,083 10,015,733 (459,628) 30,055,188
Gross profi t - 5,467,483 1,805,553 (84,729) 7,188,307
Operating expenses 500,823 3,342,934 1,453,411 (84,729) 5,212,439
Operating income (loss) (500,823) 2,124,549 352,142 - 1,975,868
Interest expense (income) 496,410 (374,203) 3,270 - 125,477
Other expense (income), net 5,546 (3,201) (1,543) - 802
Earnings (losses) before income taxes (1,002,779) 2,501,953 350,415 - 1,849,589
Income tax (benefi t) provision (363,029) 905,774 126,861 - 669,606
Equity in earnings of subsidiaries 1,819,733 - - (1,819,733) -
Net earnings 1,179,983 1,596,179 223,554 (1,819,733) 1,179,983
Other comprehensive income (loss) (252,238) - 49,973 - (202,265)
COMPREHENSIVE INCOME $ 927,745 $ 1,596,179 $ 273,527 $ (1,819,733) $ 977,718