Sysco 2015 Annual Report Download - page 89
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PARTII
ITEM8Financial Statements and Supplementary Data
(Inthousands)
Condensed Consolidating Statement of Comprehensive Income
Year Ended June 27, 2015
Sysco
Certain U.S.
Broadline
Subsidiaries
Other Non-
Guarantor
Subsidiaries Eliminations
Consolidated
Totals
Sales $ - $ 32,626,221 $ 17,477,986 $ (1,423,455) $ 48,680,752
Cost of sales - 26,572,257 14,980,434 (1,423,455) 40,129,236
Gross pro t - 6,053,964 2,497,552 - 8,551,516
Operating expenses 1,232,956 3,709,320 2,379,878 - 7,322,154
Operating income (loss) (1,232,956) 2,344,644 117,674 - 1,229,362
Interest expense (income) 323,918 (108,233) 39,122 - 254,807
Other expense (income), net (9,496) (3,609) (20,487) - (33,592)
Earnings (losses) before income taxes (1,547,378) 2,456,486 99,039 - 1,008,147
Income tax (bene t) provision (493,263) 783,066 31,571 - 321,374
Equity in earnings of subsidiaries 1,740,888 - - (1,740,888) -
Net earnings 686,773 1,673,420 67,468 (1,740,888) 686,773
Other comprehensive income (loss) (280,534) - (232,185) 232,185 (280,534)
COMPREHENSIVE INCOME $ 406,239 $ 1,673,420 $ (164,717) $ (1,508,703) $ 406,239
(Inthousands)
Condensed Consolidating Statement of Comprehensive Income
Year Ended June 28, 2014
Sysco
Certain U.S.
Broadline
Subsidiaries
Other Non-
Guarantor
Subsidiaries Eliminations
Consolidated
Totals
Sales $ - $ 30,741,979 $ 16,979,494 $ (1,204,761) $ 46,516,712
Cost of sales - 24,990,377 14,550,061 (1,204,761) 38,335,677
Gross pro t - 5,751,602 2,429,433 - 8,181,035
Operating expenses 804,177 3,520,577 2,269,159 - 6,593,913
Operating income (loss) (804,177) 2,231,025 160,274 - 1,587,122
Interest expense (income) 232,140 (102,086) (6,313) - 123,741
Other expense (income), net (7,434) 217 (5,026) - (12,243)
Earnings (losses) before income taxes (1,028,883) 2,332,894 171,613 - 1,475,624
Income tax (bene t) provision (379,369) 860,184 63,276 - 544,091
Equity in earnings of subsidiaries 1,581,047 - - (1,581,047) -
Net earnings 931,533 1,472,710 108,337 (1,581,047) 931,533
Other comprehensive income (loss) (195,726) - (3,106) 3,106 (195,726)
COMPREHENSIVE INCOME $ 735,807 $ 1,472,710 $ 105,231 $ (1,577,941) $ 735,807
(Inthousands)
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