Sysco (SYY) FY2024 results: revenue $78.8 billion, up 3.3% on the year
Sysco Corp. (SYY) reported revenue of $78.8 billion for fiscal 2024, the year ended 29 June 2024, up 3.3% on the year before. Net income was $2.0 billion, up 10.4%, and diluted earnings per share $3.89. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2024.
Revenue
$78.8 billion
+3.3% on the year
FY2017FY2024
Operating margin
4.1%
4.0% a year earlier
FY2017FY2024
Net income
$2.0 billion
+10.4% on the year
FY2017FY2024
Diluted EPS
$3.89
+12.1% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,989
2,868
1,791
+4.2%
Capital expenditure
832
793
633
+4.9%
Free cash flow
2,157
2,074
1,158
+4.0%
Free cash flow margin
2.7%
2.7%
1.7%
Cash from investing
-1,962
-785
-1,878
Cash from financing
-1,038
-2,056
-1,987
Depreciation and amortisation
873
776
773
+12.6%
Share-based compensation
104
96.0
122
+8.3%
Buybacks
1,232
500
500
+146.4%
Dividends paid
1,008
996
959
+1.2%
Dividend per share
$2.01
$1.97
$1.90
+2.0%
Diluted shares, weighted
503m
510m
514m
-1.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,860
2,009
1,382
-7.4%
Redeemable equity
31.0
33.0
31.9
-6.1%
Debt
11,982
10,411
10,648
+15.1%
Operating lease liabilities
838
656
636
+27.7%
Finance lease liabilities
307
260
187
+18.1%
Other liabilities
9,899
9,452
9,200
+4.7%
Total liabilities and equity
24,917
22,821
22,086
+9.2%
Fixed assets
5,497
4,915
4,456
+11.8%
Goodwill
5,153
4,646
4,542
+10.9%
Intangible assets
1,188
860
953
+38.2%
Investments
126
120
120
+5.1%
Cash and equivalents
696
745
867
-6.6%
Other assets
12,257
11,536
11,147
+6.3%
Total assets
24,917
22,821
22,086
+9.2%
10-K for the year ended 29 June 2024, filed 28 August 2024: the filing.