Sysco (SYY) FY2017 results: revenue $55.4 billion, up 9.9% on the year
Sysco Corp. (SYY) reported revenue of $55.4 billion for fiscal 2017, the year ended 1 July 2017, up 9.9% on the year before. Net income was $1.1 billion, up 20.3%, and diluted earnings per share $2.08. The figures are the company's own, from the 10-K it filed with the SEC on 26 August 2019.
Revenue
$55.4 billion
+9.9% on the year
FY2010FY2017
Operating margin
3.7%
3.7% a year earlier
FY2010FY2017
Net income
$1.1 billion
+20.3% on the year
FY2010FY2017
Diluted EPS
$2.08
+26.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
55,371
50,367
48,681
+9.9%
Cost of revenue
44,814
n/a
n/a
Gross profit
10,558
9,040
8,552
+16.8%
Gross margin
19.1%
17.9%
17.6%
Operating income
2,053
1,850
1,229
+11.0%
Operating margin
3.7%
3.7%
2.5%
Pre-tax income
1,766
1,433
1,008
+23.3%
Income tax
624
483
321
+29.0%
Effective tax rate
35.3%
33.7%
31.9%
Net income
1,143
950
687
+20.3%
Net margin
2.1%
1.9%
1.4%
Diluted EPS
$2.08
$1.64
$1.15
+26.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,233
1,988
1,555
+12.3%
Capital expenditure
686
527
543
+30.2%
Free cash flow
1,546
1,461
1,013
+5.8%
Free cash flow margin
2.8%
2.9%
2.1%
Cash from investing
-3,584
-769
-654
Cash from financing
-1,683
-2,460
3,898
Depreciation and amortisation
902
663
553
+36.1%
Share-based compensation
83.9
79.5
73.8
+5.6%
Buybacks
1,886
1,949
0.0
-3.2%
Dividends paid
699
699
695
-0.0%
Dividend per share
$1.30
$1.23
$1.19
+5.7%
Diluted shares, weighted
549m
577m
597m
-5.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,382
3,480
5,260
-31.6%
Redeemable equity
82.8
75.4
41.3
+9.9%
Debt
8,195
7,435
7,322
+10.2%
Other liabilities
7,097
5,731
5,366
+23.8%
Total liabilities and equity
17,757
16,722
17,989
+6.2%
Fixed assets
4,377
3,880
3,982
+12.8%
Goodwill
3,916
2,122
1,960
+84.6%
Intangible assets
1,038
207
155
+400.1%
Cash and equivalents
870
3,919
5,298
-77.8%
Other assets
7,556
6,593
6,594
+14.6%
Total assets
17,757
16,722
17,989
+6.2%
10-K for the year ended 1 July 2017, filed 26 August 2019: the filing.