Sysco 2012 Annual Report Download - page 68

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SYSCO CORPORATION-Form10-K 45
PARTII
ITEM8Financial Statements and Supplementary Data
Consolidated Balance Sheets
(In thousands except for share data)
June30,2012 July2,2011
ASSETS
Current assets
Cash and cash equivalents $ 688,867 $ 639,765
Accounts and notes receivable, less allowances of $42,919 and $42,436 2,966,624 2,898,283
Inventories 2,178,830 2,073,766
Deferred income taxes 134,503 -
Prepaid expenses and other current assets 80,713 72,496
Prepaid income taxes 35,271 48,572
Total current assets 6,084,808 5,732,882
Plant and equipment at cost, less depreciation 3,883,750 3,512,389
Other assets
Goodwill 1,665,611 1,633,289
Intangibles, less amortization 113,571 109,938
Restricted cash 127,228 110,516
Other assets 220,004 286,541
Total other assets 2,126,414 2,140,284
TOTAL ASSETS $ 12,094,972 $ 11,385,555
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Notes payable $ - $ 181,975
Accounts payable 2,209,469 2,183,417
Accrued expenses 909,144 856,569
Accrued income taxes 50,316 -
Deferred income taxes - 146,083
Current maturities of long-term debt 254,650 207,031
Total current liabilities 3,423,579 3,575,075
Other liabilities
Long-term debt 2,763,688 2,279,517
Deferred income taxes 115,166 204,223
Other long-term liabilities 1,107,499 621,498
Total other liabilities 3,986,353 3,105,238
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 939,179 887,754
Retained earnings 8,175,230 7,681,669
Accumulated other comprehensive loss (662,866) (259,958)
Treasury stock, 179,228,383 and 173,597,346 shares, at cost (4,531,678) (4,369,398)
Total shareholders’ equity 4,685,040 4,705,242
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 12,094,972 $ 11,385,555
See Notes to Consolidated Financial Statements