Sysco (SYY) FY2012 results: revenue $42.4 billion, up 7.8% on the year
Sysco Corp. (SYY) reported revenue of $42.4 billion for fiscal 2012, the year ended 30 June 2012, up 7.8% on the year before. Net income was $1.1 billion, down 2.6%, and diluted earnings per share $1.90. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2012.
Revenue
$42.4 billion
+7.8% on the year
FY2008FY2012
Operating margin
4.5%
4.9% a year earlier
FY2008FY2012
Net income
$1.1 billion
-2.6% on the year
FY2008FY2012
Diluted EPS
$1.90
-3.1% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
42,381
39,323
37,243
+7.8%
Cost of revenue
n/a
n/a
30,136
Gross profit
7,779
7,395
7,188
+5.2%
Gross margin
18.4%
18.8%
19.3%
Operating income
1,891
1,932
1,976
-2.1%
Operating margin
4.5%
4.9%
5.3%
Interest expense
113
118
125
-4.1%
Pre-tax income
1,784
1,827
1,850
-2.4%
Income tax
662
675
670
-1.9%
Effective tax rate
37.1%
37.0%
36.2%
Net income
1,122
1,152
1,180
-2.6%
Net margin
2.6%
2.9%
3.2%
Diluted EPS
$1.90
$1.96
$1.99
-3.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,404
1,092
885
+28.6%
Capital expenditure
785
636
595
+23.3%
Free cash flow
620
455
291
+36.2%
Free cash flow margin
1.5%
1.2%
0.8%
Cash from investing
-904
-680
-656
Cash from financing
-443
-378
-667
Depreciation and amortisation
417
403
390
+3.6%
Share-based compensation
70.3
59.2
66.4
+18.7%
Buybacks
272
292
179
-6.6%
Dividends paid
623
597
580
+4.3%
Dividend per share
$1.07
$1.03
$0.99
+3.9%
Diluted shares, weighted
589m
589m
594m
+0.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,685
4,705
3,828
-0.4%
Short-term borrowings
n/a
n/a
0.0
Debt
3,018
2,669
2,473
+13.1%
Other liabilities
4,434
4,053
4,014
+9.4%
Total liabilities and equity
12,137
11,427
10,314
+6.2%
Fixed assets
3,884
3,512
3,204
+10.6%
Goodwill
1,666
1,633
1,550
+2.0%
Intangible assets
114
110
106
+3.3%
Investments
n/a
0.0
23.5
Cash and equivalents
689
640
585
+7.7%
Receivables
n/a
2,898
2,617
Inventory
n/a
2,074
1,772
Other assets
5,785
560
456
+933.6%
Total assets
12,137
11,427
10,314
+6.2%
10-K for the year ended 30 June 2012, filed 28 August 2012: the filing.