Sysco 2015 Annual Report Download - page 87
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Please find page 87 of the 2015 Sysco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.SYSCO CORPORATION-Form10-K 79
PARTII
ITEM 8Financial Statements and Supplementary Data
The sales mix for the principal product categories for each scal year is as follows:
(Inthousands)
Fiscal Year
2015 2014 2013
Fresh and frozen meats $ 10,080,290 $ 8,809,148 $ 8,242,423
Canned and dry products 7,999,250 8,383,007 8,310,634
Frozen fruits, vegetables, bakery and other 6,339,537 6,196,362 6,023,990
Dairy products 5,199,036 4,956,895 4,669,986
Poultry 5,189,496 4,814,949 4,580,445
Fresh produce 3,828,298 3,725,108 3,540,027
Paper and disposables 3,507,007 3,438,074 3,364,965
Seafood 2,490,523 2,401,021 2,167,588
Beverage products 1,754,944 1,671,000 1,643,034
Janitorial products 1,102,855 1,050,187 1,013,488
Equipment and smallwares 661,254 678,454 637,680
Medical supplies 528,262 392,507 216,973
TOTAL $ 48,680,752 $ 46,516,712 $ 44,411,233
Information concerning geographic areas is as follows:
(Inthousands)
Fiscal Year
2015 2014 2013
Sales:(1)
U.S. $ 43,146,591 $ 40,612,963 $ 38,985,715
Canada 4,727,742 4,923,672 4,698,814
Other 806,419 980,077 726,704
TOTAL $ 48,680,752 $ 46,516,712 $ 44,411,233
Long-lived assets:(2)
U.S. $ 3,519,610 $ 3,520,449 $ 3,593,346
Canada 317,231 347,440 307,605
Other 145,302 117,729 77,120
TOTAL $ 3,982,143 $ 3,985,618 $ 3,978,071
(1) Represents sales to external customers from businesses operating in these countries.
(2) Long-lived assets represents net property, plant and equipment reported in the country in which they are held.
NOTE22 Supplemental Guarantor Information – Subsidiary Guarantees
On January 19, 2011, the wholly-owned U.S. Broadline subsidiaries of Sysco Corporation entered into full and unconditional guarantees of all outstanding
senior notes and debentures of Sysco Corporation. Borrowings under the company’s revolving credit facility supporting the company’s U.S. and Canadian
commercial paper programs are also covered under these guarantees. As of June 27, 2015, Sysco had a total of $7.3 billion in senior notes, debentures
and commercial paper outstanding that was covered by these guarantees, including the $5 billion of senior notes issued in October 2014. See Note 11,
“Debt and Other Financing Arrangements,” for further discussion of the October 2014 senior notes issuance. All subsidiary guarantors are 100%-owned
by the parent company, all guarantees are full and unconditional and all guarantees are joint and several, except that the guarantee of any subsidiary
guarantor with respect to a series of senior notes or debentures may be released under certain customary circumstances. If we exercise our defeasance
option with respect to the senior notes or debentures of any series, then any subsidiary guarantor effectively will be released with respect to that series.
Further, each subsidiary guarantee will remain in full force and effect until the earliest to occur of the date, if any, on which (1) the applicable subsidiary
guarantor shall consolidate with or merge into Sysco Corporation or any successor of Sysco Corporation and (2) Sysco Corporation or any successor of
Sysco Corporation consolidates with or merges into the applicable subsidiary guarantor.