Sysco (SYY) FY2015 results: revenue $48.7 billion, up 4.7% on the year
Sysco Corp. (SYY) reported revenue of $48.7 billion for fiscal 2015, the year ended 27 June 2015, up 4.7% on the year before. Net income was $687 million, down 26.3%, and diluted earnings per share $1.15. The figures are the company's own, from the 10-K it filed with the SEC on 25 August 2015.
Revenue
$48.7 billion
+4.7% on the year
FY2008FY2015
Operating margin
2.5%
3.4% a year earlier
FY2008FY2015
Net income
$687 million
-26.3% on the year
FY2008FY2015
Diluted EPS
$1.15
-27.2% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
48,681
46,517
44,411
+4.7%
Gross profit
8,552
8,181
7,997
+4.5%
Gross margin
17.6%
17.6%
18.0%
Operating income
1,229
1,587
1,658
-22.5%
Operating margin
2.5%
3.4%
3.7%
Interest expense
n/a
n/a
128
Pre-tax income
1,008
1,476
1,547
-31.7%
Income tax
321
544
555
-40.9%
Effective tax rate
31.9%
36.9%
35.9%
Net income
687
932
992
-26.3%
Net margin
1.4%
2.0%
2.2%
Diluted EPS
$1.15
$1.58
$1.67
-27.2%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,555
1,493
1,512
+4.2%
Capital expenditure
543
523
512
+3.8%
Free cash flow
1,013
970
1,000
+4.4%
Free cash flow margin
2.1%
2.1%
2.3%
Cash from investing
-654
n/a
n/a
Cash from financing
3,898
n/a
n/a
Depreciation and amortisation
553
556
513
-0.5%
Share-based compensation
73.8
74.3
70.1
-0.8%
Buybacks
0.0
332
722
Dividends paid
695
667
648
+4.2%
Dividend per share
$1.19
$1.15
$1.11
+3.5%
Diluted shares, weighted
597m
590m
593m
+1.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
5,260
5,267
5,192
-0.1%
Redeemable equity
41.3
0.0
n/a
Debt
7,322
2,733
2,889
+167.9%
Other liabilities
5,366
5,141
4,583
+4.4%
Total liabilities and equity
17,989
13,141
12,664
+36.9%
Fixed assets
3,982
3,986
3,978
-0.1%
Goodwill
1,960
1,951
1,884
+0.5%
Intangible assets
155
177
206
-12.6%
Cash and equivalents
5,298
413
412
+1,182.7%
Other assets
6,594
6,615
6,184
-0.3%
Total assets
17,989
13,141
12,664
+36.9%
10-K for the year ended 27 June 2015, filed 25 August 2015: the filing.