Sysco 2013 Annual Report Download - page 90

SYSCO CORPORATION-Form10-K 79
PARTII
ITEM8Financial Statements and Supplementary Data
NOTE21 Business Segment Information
The company has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are reportable segments as
de ned in the accounting literature related to disclosures about segments of an enterprise. The Broadline reportable segment is an aggregation of the
company’s UnitedStates, Canadian,Caribbean and European Broadline segments. Broadline operating companies distribute a full line of food products
and a wide variety of non-food products to both traditional and chain restaurant customers, hospitals, schools, hotels, industrial caterers and other venues
where foodservice products are served. These companies also provide custom-cut meat operations. SYGMA operating companies distribute a full line of
food products and a wide variety of non-food products to certain chain restaurant customer locations. “Other”  nancial information is attributable to the
company’s other operating segments, including the company’s specialty produce and lodging industry segments, a company that distributes specialty
imported products and a company that distributes to international customers.
The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated  nancial statements. Intersegment sales
represent specialty produce and imported specialty products distributed by the Broadline and SYGMA operating companies. Management evaluates the
performance of each of our operating segments based on its respective operating income results. Corporate expenses generally include all expenses of
the corporate of ce and Sysco’s shared service center. These also include all share-based compensation costs and expenses related to the company’s
Business Transformation Project.
The following table sets forth the  nancial information for Sysco’s business segments:
(Inthousands)
Fiscal Year
2013 2012 2011
Sales:
Broadline $ 36,129,463 $ 34,420,851 $ 31,924,473
SYGMA 5,780,103 5,735,673 5,341,094
Other 2,741,537 2,396,113 2,238,796
Intersegment sales (239,870) (171,698) (180,874)
TOTAL $ 44,411,233 $ 42,380,939 $ 39,323,489
Operating income:
Broadline $ 2,402,215 $ 2,416,225 $ 2,327,847
SYGMA 52,016 60,967 62,190
Other 98,564 91,048 100,222
Total segments 2,552,795 2,568,240 2,490,259
Corporate expenses (894,317) (677,608) (558,757)
Total operating income 1,658,478 1,890,632 1,931,502
Interest expense 128,495 113,396 118,267
Other expense (income), net (17,472) (6,766) (14,219)
EARNINGS BEFORE INCOME TAXES $ 1,547,455 $ 1,784,002 $ 1,827,454
Depreciation and amortization:
Broadline $ 313,611 $ 298,852 $ 291,756
SYGMA 28,059 27,706 24,975
Other 28,194 24,745 25,131
Total segments 369,864 351,303 341,862
Corporate 142,684 65,640 60,726
TOTAL $ 512,548 $ 416,943 $ 402,588
Capital expenditures:
Broadline $ 284,016 $ 525,368 $ 353,296
SYGMA 18,078 30,961 38,612
Other 47,744 41,669 20,228
Total segments 349,838 597,998 412,136
Corporate 162,024 186,503 224,306
TOTAL $ 511,862 $ 784,501 $ 636,442
Assets:
Broadline $ 10,228,722 $ 8,067,912 $ 7,261,681
SYGMA 485,520 475,877 456,204
Other 944,140 877,207 814,174
Total segments 11,658,382 9,420,996 8,532,059
Corporate 1,005,565 2,716,211 2,895,131
TOTAL $ 12,663,947 $ 12,137,207 $ 11,427,190