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PARTII
ITEM8Financial Statements and Supplementary Data
The accounting policies for the segments are the same as those disclosed by Sysco for its consolidated nancial statements. Intersegment sales primarily
represent products the Broadline and SYGMA operating companies procured from the specialty produce, custom-cut meat operations, imported specialty
products and a company that distributes to international customers. Management evaluates the performance of each of the operating segments based
on its respective operating income results. Corporate expenses and adjustments generally include all expenses of the corporate of ce and Sysco’s shared
service center. These also include all share-based compensation costs.
The following table sets forth the nancial information for Sysco’s business segments:
(Inthousands)
Fiscal Year
2015 2014 2013
Sales:
Broadline $ 38,652,211 $ 36,808,051 $ 35,284,529
SYGMA 6,076,215 6,177,804 5,780,103
Other 5,270,518 4,678,954 4,388,261
Intersegment sales (1,318,192) (1,148,097) (1,041,660)
TOTAL $ 48,680,752 $ 46,516,712 $ 44,411,233
Operating income:
Broadline $ 2,567,954 $ 2,426,908 $ 2,361,442
SYGMA 20,521 38,048 52,016
Other 135,885 142,419 139,337
Total segments 2,724,360 2,607,375 2,552,795
Corporate expenses and adjustments (1,494,998) (1,020,253) (894,317)
Total operating income 1,229,362 1,587,122 1,658,478
Interest expense 254,807 123,741 128,495
Other expense (income), net (33,592) (12,243) (17,472)
EARNINGS BEFORE INCOME TAXES $ 1,008,147 $ 1,475,624 $ 1,547,455
Depreciation and amortization:
Broadline $ 278,553 $ 296,267 $ 303,084
SYGMA 29,753 28,164 28,059
Other 54,086 41,704 38,721
Total segments 362,392 366,135 369,864
Corporate 218,572 189,927 142,684
TOTAL $ 580,964 $ 556,062 $ 512,548
Capital expenditures:
Broadline $ 199,831 $ 276,314 $ 265,578
SYGMA 36,948 34,671 18,078
Other 69,193 101,128 66,182
Total segments 305,972 412,113 349,838
Corporate 236,858 111,093 162,024
TOTAL $ 542,830 $ 523,206 $ 511,862
Assets:
Broadline $ 7,730,239 $ 8,611,776 $ 9,893,743
SYGMA 512,044 513,587 485,520
Other 1,415,038 1,379,910 1,279,119
Total segments 9,657,321 10,505,273 11,658,382
Corporate 8,331,960 2,635,840 1,007,384
TOTAL $ 17,989,281 $ 13,141,113 $ 12,665,766