Sysco (SYY) FY2022 results: revenue $68.6 billion, up 33.8% on the year
Sysco Corp. (SYY) reported revenue of $68.6 billion for fiscal 2022, the year ended 2 July 2022, up 33.8% on the year before. Net income was $1.4 billion, up 159.2%, and diluted earnings per share $2.64. The figures are the company's own, from the 10-K it filed with the SEC on 26 August 2022.
Revenue
$68.6 billion
+33.8% on the year
FY2015FY2022
Operating margin
3.4%
2.8% a year earlier
FY2015FY2022
Net income
$1.4 billion
+159.2% on the year
FY2015FY2022
Diluted EPS
$2.64
+158.8% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,791
1,904
1,619
-5.9%
Capital expenditure
633
471
720
+34.4%
Free cash flow
1,158
1,433
898
-19.2%
Free cash flow margin
1.7%
2.8%
1.7%
Cash from investing
-1,878
-429
-756
Cash from financing
-1,987
-4,628
4,720
Depreciation and amortisation
773
738
806
+4.7%
Share-based compensation
122
95.8
42.2
+27.3%
Buybacks
500
0.0
845
Dividends paid
959
918
856
+4.5%
Dividend per share
$1.90
$1.82
$1.74
+4.4%
Diluted shares, weighted
514m
514m
514m
+0.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
1,382
1,553
1,159
-11.0%
Redeemable equity
31.9
34.6
34.3
-7.6%
Debt
10,648
11,083
14,447
-3.9%
Operating lease liabilities
636
634
523
+0.3%
Finance lease liabilities
187
51.3
68.9
+265.1%
Other liabilities
9,200
8,057
6,396
+14.2%
Total liabilities and equity
22,086
21,414
22,628
+3.1%
Fixed assets
4,456
4,326
4,459
+3.0%
Goodwill
4,542
3,944
3,732
+15.2%
Intangible assets
953
746
780
+27.7%
Investments
120
n/a
n/a
Securities held for sale or to maturity
n/a
130
116
Cash and equivalents
867
3,007
6,059
-71.2%
Other assets
11,147
9,260
7,481
+20.4%
Total assets
22,086
21,414
22,628
+3.1%
10-K for the year ended 2 July 2022, filed 26 August 2022: the filing.