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SYSCO CORPORATION-Form10-K52
PARTII
ITEM 8Financial Statements and Supplementary Data
Consolidated Balance Sheets
(In thousands except for share data)
June 28, 2014 June 29, 2013
ASSETS
Current assets
Cash and cash equivalents $ 413,046 $ 412,285
Accounts and notes receivable, less allowances of $49,902 and $47,345 3,398,713 3,183,114
Inventories 2,602,018 2,396,188
Deferred income taxes 141,225 150,472
Prepaid expenses and other current assets 83,745 61,925
Prepaid income taxes 43,225 17,704
Total current assets 6,681,972 6,221,688
Plant and equipment at cost, less depreciation 3,985,618 3,978,071
Other assets
Goodwill 1,950,672 1,884,235
Intangibles, less amortization 177,227 205,719
Restricted cash 145,412 145,328
Other assets 227,049 243,167
Total other assets 2,500,360 2,478,449
TOTAL ASSETS $ 13,167,950 $ 12,678,208
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Notes payable $ 70,975 $ 41,632
Accounts payable 2,831,028 2,428,215
Accrued expenses 1,160,850 985,476
Current maturities of long-term debt 304,777 207,301
Total current liabilities 4,367,630 3,662,624
Other liabilities
Long-term debt 2,384,167 2,639,986
Deferred income taxes 121,580 280,483
Other long-term liabilities 1,027,878 903,305
Total other liabilities 3,533,625 3,823,774
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 1,139,218 1,059,624
Retained earnings 8,770,751 8,512,786
Accumulated other comprehensive loss (642,663) (446,937)
Treasury stock, 179,050,186 and 179,068,430 shares, at cost (4,765,786) (4,698,838)
Total shareholders’ equity 5,266,695 5,191,810
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 13,167,950 $ 12,678,208
See Notes to Consolidated Financial Statements