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SYSCO CORPORATION-Form10-K 47
PARTII
ITEM8Financial Statements and Supplementary Data
Consolidated Balance Sheets
(Inthousands except for share data)
June29,2013 June30,2012
ASSETS
Current assets
Cash and cash equivalents $ 412,285 $ 688,867
Accounts and notes receivable, less allowances of $47,345 and $42,919 3,183,114 2,966,624
Inventories 2,396,188 2,178,830
Deferred income taxes 136,211 134,503
Prepaid expenses and other current assets 61,925 80,713
Prepaid income taxes 17,704 35,271
Total current assets 6,207,427 6,084,808
Plant and equipment at cost, less depreciation 3,978,071 3,883,750
Other assets
Goodwill 1,884,235 1,665,611
Intangibles, less amortization 205,719 113,571
Restricted cash 145,328 127,228
Other assets 243,167 262,239
Total other assets 2,478,449 2,168,649
TOTAL ASSETS $ 12,663,947 $ 12,137,207
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Notes payable $ 41,632 $ -
Accounts payable 2,463,494 2,209,469
Accrued expenses 1,036,855 909,144
Accrued income taxes - 50,316
Current maturities of long-term debt 207,301 254,650
Total current liabilities 3,749,282 3,423,579
Other liabilities
Long-term debt 2,639,986 2,763,688
Deferred income taxes 266,222 115,166
Other long-term liabilities 816,647 1,149,734
Total other liabilities 3,722,855 4,028,588
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 1,059,624 939,179
Retained earnings 8,512,786 8,175,230
Accumulated other comprehensive loss (446,937) (662,866)
Treasury stock, 179,068,430 and 179,228,383shares, at cost (4,698,838) (4,531,678)
Total shareholders’ equity 5,191,810 4,685,040
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 12,663,947 $ 12,137,207
See Notes to Consolidated Financial Statements