Sysco Corporation (SYY) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2023-07-02 to 2024-06-29

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Sysco Corporation cash flow reconciliation, Jul 2, 2023 through Jun 29, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net earnings → Net cash from operating activities: $1,955,000,000.00Depreciation and amortization → Operating adjustments reconciliation: $873,000,000.00Operating lease asset amortization → Operating adjustments reconciliation: $124,000,000.00Increase in accounts payable → Operating adjustments reconciliation: $104,000,000.00Share-based compensation expense → Operating adjustments reconciliation: $104,000,000.00Provision for losses (gains) on receivables → Operating adjustments reconciliation: $57,000,000.00Decrease (increase) in other assets → Operating adjustments reconciliation: $38,000,000.00Deferred income taxes → Operating adjustments reconciliation: $27,000,000.00Increase (decrease) in other long-term liabilities → Operating adjustments reconciliation: $25,000,000.00Amortization of debt issuance and other debt-related costs → Operating adjustments reconciliation: $19,000,000.00Increase (decrease) in accrued income taxes → Operating adjustments reconciliation: $13,000,000.00Operating adjustments reconciliation → Net cash from operating activities: $1,034,000,000.00Operating adjustments reconciliation → Decrease in operating lease liabilities: $144,000,000.00Operating adjustments reconciliation → Increase in receivables: $110,000,000.00Operating adjustments reconciliation → Increase in inventories: $70,000,000.00Operating adjustments reconciliation → (Decrease) increase in accrued expenses: $12,000,000.00Operating adjustments reconciliation → Other non-cash items: $12,000,000.00Operating adjustments reconciliation → (Increase) decrease in prepaid expenses and other current assets: $2,000,000.00Proceeds from sales of plant and equipment → investing reconciliation: $79,000,000.00Proceeds from sales of marketable securities → investing reconciliation: $29,000,000.00Other investing activities → investing reconciliation: $5,000,000.00investing reconciliation → Acquisition of businesses, net of cash acquired: $1,210,000,000.00investing reconciliation → Additions to plant and equipment: $832,000,000.00investing reconciliation → Purchase of marketable securities: $33,000,000.00Net cash used in financing activities → financing reconciliation: $1,038,000,000.00Other debt borrowings including senior notes → financing reconciliation: $1,362,000,000.00Bank and commercial paper borrowings, net → financing reconciliation: $200,000,000.00Proceeds from stock option exercises → financing reconciliation: $120,000,000.00financing reconciliation → Stock repurchases: $1,232,000,000.00financing reconciliation → Dividends paid: $1,008,000,000.00financing reconciliation → Other debt repayments including senior notes: $447,000,000.00financing reconciliation → Other financing activities: $33,000,000.00Net cash used in investing activities → investing reconciliation: $1,962,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $966,000,000.00Net cash from operating activities → Cash sources and uses: $2,989,000,000.00Cash sources and uses → Exchange-rate effect: $10,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $945,000,000.00Cash sources and uses → Net cash used in investing activities: $1,962,000,000.00Cash sources and uses → Net cash used in financing activities: $1,038,000,000.00Increase (decrease) in other long-term liabilities: $25,000,000.00Other noncurrent liabilities+$25.00 MIncrease in inventories: -$70,000,000.00Increase in inventories−$70.00 M(Increase) decrease in prepaid expenses and other current assets: -$2,000,000.00Prepaid & other assets−$2.00 M(Decrease) increase in accrued expenses: -$12,000,000.00Accrued liabilities−$12.00 MDeferred income taxes: $27,000,000.00Deferred tax balances+$27.00 MDecrease (increase) in other assets: $38,000,000.00Other noncurrent assets+$38.00 MProvision for losses (gains) on receivables: $57,000,000.00Credit loss provision+$57.00 MOther non-cash items: -$12,000,000.00Other non-cash items−$12.00 MIncrease in accounts payable: $104,000,000.00Accounts payable+$104.00 MDecrease in operating lease liabilities: -$144,000,000.00Decrease in operating lease liabilities−$144.00 MDepreciation and amortization: $873,000,000.00Depreciation and amortization+$873.00 MAmortization of debt issuance and other debt-related costs: $19,000,000.00Debt issuance cost amortization+$19.00 MNet earnings: $1,955,000,000.00Net earnings+$1.96 BIncrease (decrease) in accrued income taxes: $13,000,000.00Income taxes payable+$13.00 MIncrease in receivables: -$110,000,000.00Accounts & notes receivable−$110.00 MShare-based compensation expense: $104,000,000.00Stock-based compensation+$104.00 MLoss on extinguishment of debt: $0.00Operating lease asset amortization: $124,000,000.00Operating lease amortization+$124.00 MPension settlement charge: $0.00Net cash from operating activities: $2,989,000,000.00Operating cash+$2.99 BOperating adjustments reconciliation: $1,384,000,000.00Other debt borrowings including senior notes: $1,362,000,000.00Long-term debt issued, net+$1.36 BOther debt repayments including senior notes: -$447,000,000.00Debt & capital securities repaid−$447.00 MOther financing activities: -$33,000,000.00Other financing, net−$33.00 MRedemption premiums and repayments for senior notes: $0.00Bank and commercial paper borrowings, net: $200,000,000.00Short-term debt ≤3 months, net+$200.00 MDividends paid: -$1,008,000,000.00Common dividends paid−$1.01 BStock repurchases: -$1,232,000,000.00Common stock repurchases−$1.23 BCash received from termination of interest rate swap agreements: $0.00Proceeds from stock option exercises: $120,000,000.00Stock plan proceeds+$120.00 MNet cash used in financing activities: -$1,038,000,000.00. Cash required to fund net payments.Financing cash−$1.04 Bfinancing reconciliation: $2,720,000,000.00Proceeds from sales of plant and equipment: $79,000,000.00PP&E sales+$79.00 MProceeds from sales of marketable securities: $29,000,000.00AFS securities proceeds+$29.00 MAcquisition of businesses, net of cash acquired: -$1,210,000,000.00Acquisitions, net of cash−$1.21 BPurchase of marketable securities: -$33,000,000.00AFS securities purchases−$33.00 MOther investing activities: $5,000,000.00Other investing, net+$5.00 MAdditions to plant and equipment: -$832,000,000.00Capital expenditures−$832.00 MNet cash used in investing activities: -$1,962,000,000.00. Cash required to fund net payments.Investing cash−$1.96 Binvesting reconciliation: $2,075,000,000.00Cash sources and uses: $3,955,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $966,000,000.00Beginning cash$966.00 MEnding cash: Cash, cash equivalents, and restricted cash: $945,000,000.00Ending cash$945.00 MExchange-rate effect: -$10,000,000.00FX effect−$10.00 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$2.16 BOperating cash − cash spent on productive assetsCash flow / Net income1.53×Operating cash flow ÷ net incomeNet cash change−$21.00 MEnding cash − beginning cash
Chart details

Sysco Corporation cash flow reconciliation, Jul 2, 2023 through Jun 29, 2024

Cash flows for Jul 2, 2023 through Jun 29, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jul 1, 2023. Ending cash: Jun 29, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Jul 1, 2023
966,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
2,989,000,000 US dollars. Net cash provided.
Net earnings
1,955,000,000 US dollars
Increase (decrease) in other long-term liabilities
25,000,000 US dollars
Increase in inventories
negative 70,000,000 US dollars
(Increase) decrease in prepaid expenses and other current assets
negative 2,000,000 US dollars
(Decrease) increase in accrued expenses
negative 12,000,000 US dollars
Deferred income taxes
27,000,000 US dollars
Decrease (increase) in other assets
38,000,000 US dollars
Provision for losses (gains) on receivables
57,000,000 US dollars
Other non-cash items
negative 12,000,000 US dollars
Increase in accounts payable
104,000,000 US dollars
Decrease in operating lease liabilities
negative 144,000,000 US dollars
Depreciation and amortization
873,000,000 US dollars
Amortization of debt issuance and other debt-related costs
19,000,000 US dollars
Increase (decrease) in accrued income taxes
13,000,000 US dollars
Increase in receivables
negative 110,000,000 US dollars
Share-based compensation expense
104,000,000 US dollars
Loss on extinguishment of debt
0 US dollars
Operating lease asset amortization
124,000,000 US dollars
Pension settlement charge
0 US dollars
Investing activities
negative 1,962,000,000 US dollars. Net cash used.
Proceeds from sales of plant and equipment
79,000,000 US dollars
Proceeds from sales of marketable securities
29,000,000 US dollars
Acquisition of businesses, net of cash acquired
negative 1,210,000,000 US dollars
Purchase of marketable securities
negative 33,000,000 US dollars
Other investing activities
5,000,000 US dollars
Additions to plant and equipment
negative 832,000,000 US dollars
Financing activities
negative 1,038,000,000 US dollars. Net cash used.
Other debt borrowings including senior notes
1,362,000,000 US dollars
Other debt repayments including senior notes
negative 447,000,000 US dollars
Other financing activities
negative 33,000,000 US dollars
Redemption premiums and repayments for senior notes
0 US dollars
Bank and commercial paper borrowings, net
200,000,000 US dollars
Dividends paid
negative 1,008,000,000 US dollars
Stock repurchases
negative 1,232,000,000 US dollars
Cash received from termination of interest rate swap agreements
0 US dollars
Proceeds from stock option exercises
120,000,000 US dollars
Operating adjustment reconciliation
1,384,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
2,720,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
2,075,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 10,000,000 US dollars
Ending cash on Jun 29, 2024
945,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
3,955,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 21,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.53×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
2,989,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
832,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
2,157,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $1.03B after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 2,989,000,000 US dollars minus 832,000,000 US dollars equals 2,157,000,000 US dollars.
Sysco Corporation (SYY) FY2024 Annual Statement of Cash Flows Sankey chart
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