Sysco (SYY) FY2018 results: revenue $58.7 billion, up 6.1% on the year
Sysco Corp. (SYY) reported revenue of $58.7 billion for fiscal 2018, the year ended 30 June 2018, up 6.1% on the year before. Net income was $1.4 billion, up 25.2%, and diluted earnings per share $2.70. The figures are the company's own, from the 10-K it filed with the SEC on 26 August 2019.
Revenue
$58.7 billion
+6.1% on the year
FY2011FY2018
Operating margin
3.9%
3.7% a year earlier
FY2011FY2018
Net income
$1.4 billion
+25.2% on the year
FY2011FY2018
Diluted EPS
$2.70
+29.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
58,727
55,371
50,367
+6.1%
Cost of revenue
47,642
44,814
n/a
+6.3%
Gross profit
11,085
10,558
9,040
+5.0%
Gross margin
18.9%
19.1%
17.9%
Operating income
2,314
2,053
1,850
+12.7%
Operating margin
3.9%
3.7%
3.7%
Pre-tax income
1,956
1,766
1,433
+10.8%
Income tax
525
624
483
-15.8%
Effective tax rate
26.9%
35.3%
33.7%
Net income
1,431
1,143
950
+25.2%
Net margin
2.4%
2.1%
1.9%
Diluted EPS
$2.70
$2.08
$1.64
+29.8%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
2,159
2,233
1,988
-3.3%
Capital expenditure
688
686
527
+0.2%
Free cash flow
1,471
1,546
1,461
-4.9%
Free cash flow margin
2.5%
2.8%
2.9%
Cash from investing
-910
-3,584
-769
Cash from financing
-1,410
-1,683
-2,460
Depreciation and amortisation
765
902
663
-15.1%
Share-based compensation
93.8
83.9
79.5
+11.9%
Buybacks
979
1,886
1,949
-48.1%
Dividends paid
722
699
699
+3.4%
Dividend per share
$1.41
$1.30
$1.23
+8.5%
Diluted shares, weighted
529m
549m
577m
-3.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
2,507
2,382
3,480
+5.3%
Redeemable equity
37.6
82.8
75.4
-54.6%
Debt
8,327
8,195
7,435
+1.6%
Other liabilities
7,199
7,097
5,731
+1.4%
Total liabilities and equity
18,070
17,757
16,722
+1.8%
Fixed assets
4,522
4,377
3,880
+3.3%
Goodwill
3,955
3,916
2,122
+1.0%
Intangible assets
980
1,038
207
-5.6%
Cash and equivalents
552
870
3,919
-36.5%
Other assets
8,061
7,556
6,593
+6.7%
Total assets
18,070
17,757
16,722
+1.8%
10-K for the year ended 30 June 2018, filed 26 August 2019: the filing.