SYSCO CORP
For the period ended Jun 28, 2025. Filed Aug 22, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Aug 22, 2025
SYY$77.63-1.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Cash Flows
(In millions)
| Year Ended | |||
|---|---|---|---|
| Jun. 28, 2025 | Jun. 29, 2024 | Jul. 1, 2023 | |
| Cash flows from operating activities: | |||
| Net earnings | $1,828 | $1,955 | $1,770 |
| Adjustments to reconcile net earnings to cash provided by operating activities: | |||
| Pension settlement charge | — | — | 315 |
| Share-based compensation expense | 93 | 104 | 96 |
| Depreciation and amortization | 945 | 873 | 776 |
| Operating lease asset amortization | 141 | 124 | 113 |
| Amortization of debt issuance and other debt-related costs | 15 | 19 | 20 |
| Deferred income taxes | (13) | 27 | (16) |
| Provision for losses on receivables | 85 | 57 | 36 |
| Goodwill impairment | 92 | — | — |
| Other non-cash items | (100) | (12) | (7) |
| Additional changes in certain assets and liabilities, net of effect of businesses acquired: | |||
| Increase in receivables | (206) | (110) | (271) |
| Increase in inventories | (330) | (70) | (22) |
| (Increase) decrease in prepaid expenses and other current assets | (22) | (2) | 2 |
| Increase in accounts payable | 143 | 104 | 196 |
| (Decrease) increase in accrued expenses | (14) | (12) | 22 |
| Decrease in operating lease liabilities | (177) | (144) | (134) |
| (Decrease) increase in accrued income taxes | (62) | 13 | 92 |
| Decrease in other assets | 18 | 38 | 6 |
| Increase (decrease) in other long-term liabilities | 74 | 25 | (126) |
| Net cash provided by operating activities | 2,510 | 2,989 | 2,868 |
| Cash flows from investing activities: | |||
| Additions to plant and equipment | (906) | (832) | (793) |
| Proceeds from sales of plant and equipment | 214 | 79 | 42 |
| Acquisition of businesses, net of cash acquired | (40) | (1,210) | (37) |
| Purchase of marketable securities | (32) | (33) | (16) |
| Proceeds from sales of marketable securities | 29 | 29 | 12 |
| Other investing activities | 18 | 5 | 7 |
| Net cash used for investing activities | (717) | (1,962) | (785) |
| Cash flows from financing activities: | |||
| Bank and commercial paper borrowings, net | 45 | 200 | — |
| Other debt borrowings including senior notes | 1,254 | 1,362 | 249 |
| Other debt repayments including senior notes | (549) | (447) | (830) |
| Proceeds from stock option exercises | 110 | 120 | 79 |
| Stock repurchases | (1,250) | (1,232) | (500) |
| Dividends paid | (1,000) | (1,008) | (996) |
| Other financing activities | (22) | (33) | (58) |
| Net cash used for financing activities | (1,412) | (1,038) | (2,056) |
| Effect of exchange rates on cash, cash equivalents and restricted cash | 22 | (10) | 8 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 403 | (21) | 35 |
| Cash, cash equivalents and restricted cash at beginning of period | 945 | 966 | 931 |
| Cash, cash equivalents and restricted cash at end of period | $1,348 | $945 | $966 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the period for: | |||
| Interest | $629 | $557 | $511 |
| Income taxes, net of refunds (1) | 640 | 564 | 444 |
| (1) | Cash paid for income taxes, net for fiscal 2025 includes $190 million of cash paid for the purchase of federal tax credits. |
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