Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Dividend Discount Model (DDM)
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Sysco Corp., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-K (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-K (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-Q (reporting date: 2021-10-02), 10-K (reporting date: 2021-07-03), 10-Q (reporting date: 2021-03-27), 10-Q (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-K (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-Q (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-K (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-Q (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29).
- Cash and Cash Equivalents
- Cash and cash equivalents exhibit significant variability across the periods. A notable peak occurs in early 2020, reaching over US$6 billion around June 2020, likely reflecting a cash buildup phase. Subsequently, this figure gradually declines through 2021 and 2022, ending at moderate levels between US$438 million and US$962 million in 2022 and early 2023. The trend suggests episodic liquidity fluctuations, with a sharp increase followed by normalization.
- Accounts Receivable, less Allowances
- Accounts receivable values remain relatively stable with a mild upward trajectory over the entire period. Initial values near US$4.2 billion gradually rise to above US$5.5 billion by 2024. This steady growth may indicate increasing sales or extended credit terms, reflecting overall growth in operations.
- Inventories
- Inventory levels exhibit a generally upward trend. Starting at approximately US$3.3 billion, inventories increase nearly continuously, peaking around US$4.7 billion in 2022-2024. This pattern suggests increased stockholding consistent with business expansion or preparedness for demand.
- Prepaid Expenses and Other Current Assets
- Values for prepaid expenses and other current assets remain fairly consistent with small fluctuations around US$200–300 million. Some cyclical increases are observed but without significant trend direction, indicating stable management of these asset types.
- Income Tax Receivable
- Income tax receivables fluctuate considerably, with some periods showing missing or zero values. Spikes appear notably in June 2020 and July 2021 quarters, reaching above US$100 million. These irregular movements likely reflect timing variations in tax payments and refunds.
- Current Assets
- Current assets demonstrate a general rising trend starting from about US$8.6 billion in 2018 to approximately US$11 billion by mid-2024, despite intermediate volatility. The peak in mid-2020 correlates with increased cash balances, indicating periods of elevated liquidity.
- Plant and Equipment, Net
- Net plant and equipment values remain fairly stable with minor increases, ranging from roughly US$4.3 billion to US$5.5 billion over the six-year period. This suggests steady capital investment and asset maintenance, supporting operational capacity.
- Goodwill
- Goodwill shows a gradual increase from about US$3.9 billion in 2018 to a peak above US$5.2 billion in 2023. The growth reflects acquisitions or revaluations contributing to intangible assets of the business.
- Intangibles, less Amortization
- Intangible assets remain relatively stable, fluctuating between approximately US$800 million and US$1.2 billion. The values trend upward towards the later periods, indicating either new capitalized intangibles or reduced amortization impacts.
- Deferred Income Taxes
- Deferred income taxes show a steady increase from about US$60 million to over US$440 million. This rising trend may reflect timing differences in revenue recognition or tax planning strategies accumulating over time.
- Operating Lease Right-of-Use Assets
- These assets appear beginning in 2019 and exhibit a consistent upward pattern from around US$600 million to over US$900 million by mid-2024, likely complying with lease accounting standards and representing increased leased asset values.
- Other Assets
- Other assets fluctuate moderately around US$500 million, exhibiting no clear long-term trend but showing occasional spikes, implying episodic adjustments or reclassifications.
- Other Long-Term Assets
- This category shows an upward trend, increasing from approximately US$5.4 billion to above US$8.3 billion over the period. Growth here indicates broad asset base expansion in long-term investments or receivables.
- Long-Term Assets
- Long-term assets remain on a gradual upward trajectory, growing from just under US$10 billion to nearly US$14 billion. This steady increase reflects capital expenditure and accumulation of intangible and long-term holdings.
- Total Assets
- Total assets rise from about US$18.5 billion in 2018 to nearly US$25 billion by mid-2024, representing overall business growth. Despite some interim fluctuations, the progression is upward, consistent with asset accumulation and expanded operations.