Sysco 2015 Annual Report Download - page 88
Download and view the complete annual report
Please find page 88 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-K80
PARTII
ITEM8Financial Statements and Supplementary Data
The following condensed consolidating nancial statements present separately the nancial position, comprehensive income and cash ows of the parent
issuer (Sysco Corporation), the guarantors (the majority of the company’s U.S. Broadline subsidiaries) and all other non-guarantor subsidiaries of Sysco
(Other Non-Guarantor Subsidiaries) on a combined basis with eliminating entries.
(Inthousands)
Condensed Consolidating Balance Sheet
June 27, 2015
Sysco
Certain U.S.
Broadline
Subsidiaries
Other Non-
Guarantor
Subsidiaries Eliminations
Consolidated
Totals
Current assets $ 4,894,387 $ 4,012,924 $ 2,586,993 $ $ 11,494,304
Investment in subsidiaries 9,088,455 - - (9,088,455) -
Plant and equipment, net 510,285 1,694,659 1,777,199 3,982,143
Other assets 371,802 522,566 1,618,466 2,512,834
TOTAL ASSETS $ 14,864,929 $ 6,230,149 $ 5,982,658 $ (9,088,455) $ 17,989,281
Current liabilities $ 5,851,364 $ 1,658,558 $ 1,889,693 $ $ 9,399,615
Intercompany payables (receivables) 973,497 (1,996,915) 1,023,418 -
Long-term debt 2,154,923 10,121 106,781 2,271,825
Other liabilities 624,795 278,458 113,060 1,016,313
Noncontrolling interest - - 41,304 41,304
Shareholders’ equity 5,260,350 6,279,927 2,808,402 (9,088,455) 5,260,224
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 14,864,929 $ 6,230,149 $ 5,982,658 $ (9,088,455) $ 17,989,281
(Inthousands)
Condensed Consolidating Balance Sheet
June 28, 2014
Sysco
Certain U.S.
Broadline
Subsidiaries
Other Non-
Guarantor
Subsidiaries Eliminations
Consolidated
Totals
Current assets $ 254,766 $ 3,928,660 $ 2,498,546 $ - $ 6,681,972
Investment in subsidiaries 8,013,214 - - (8,013,214) -
Plant and equipment, net 496,953 1,783,262 1,705,403 - 3,985,618
Other assets 317,208 524,468 1,631,847 - 2,473,523
TOTAL ASSETS $ 9,082,141 $ 6,236,390 $ 5,835,796 $ (8,013,214) $ 13,141,113
Current liabilities $ 793,240 $ 1,008,366 $ 2,566,024 $ - $ 4,367,630
Intercompany payables (receivables) 20,107 (239,539) 219,432 - -
Long-term debt 2,321,721 14,094 21,515 - 2,357,330
Other liabilities 680,378 328,185 140,895 - 1,149,458
Shareholders’ equity 5,266,695 5,125,284 2,887,930 (8,013,214) 5,266,695
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 9,082,141 $ 6,236,390 $ 5,835,796 $ (8,013,214) $ 13,141,113