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SYSCO CORPORATION-Form10-K88
PARTII
ITEM8Financial Statements and Supplementary Data
(Inthousands)
Condensed Consolidating Statement of Comprehensive Income
Year Ended June 29, 2013
Sysco
Certain U.S.
Broadline
Subsidiaries
Other Non-
Guarantor
Subsidiaries Eliminations
Consolidated
Totals
Sales $ - $ 30,162,329 $ 15,335,180 $ (1,086,276) $ 44,411,233
Cost of sales - 24,385,677 13,115,225 (1,086,276) 36,414,626
Gross pro t - 5,776,652 2,219,955 - 7,996,607
Operating expenses 694,323 3,610,907 2,032,899 - 6,338,129
Operating income (loss) (694,323) 2,165,745 187,056 - 1,658,478
Interest expense (income) 298,474 (177,421) 7,442 - 128,495
Other expense (income), net (12,864) (4,554) (54) - (17,472)
Earnings (losses) before income taxes (979,933) 2,347,720 179,668 - 1,547,455
Income tax (bene t) provision (351,474) 842,062 64,440 - 555,028
Equity in earnings of subsidiaries 1,620,886 - - (1,620,886) -
Net earnings 992,427 1,505,658 115,228 (1,620,886) 992,427
Other comprehensive income (loss) 215,929 - (33,191) 33,191 215,929
COMPREHENSIVE INCOME $ 1,208,356 $ 1,505,658 $ 82,037 $ (1,587,695) $ 1,208,356
(Inthousands)
Condensed Consolidating Statement of Comprehensive Income
Year Ended June 30, 2012
Sysco
Certain 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 12,077,795 (850,329) 34,601,665
Gross pro t - 5,725,907 2,053,367 - 7,779,274
Operating expenses 527,888 3,534,382 1,826,372 - 5,888,642
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 (bene 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) (402,908) - (81,003) 81,003 (402,908)
COMPREHENSIVE INCOME $ 718,677 $ 1,555,355 $ 61,904 $ (1,617,259) $ 718,677