Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Sysco Corp., consolidated income statement

US$ in millions

12 months ended:	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Sales	78,844)	76,325)	68,636)	51,298)	52,893)	60,114)
Cost of sales	(64,236)	(62,370)	(56,316)	(41,941)	(42,992)	(48,705)
Gross profit	14,608)	13,955)	12,321)	9,357)	9,902)	11,409)
Operating expenses	(11,406)	(10,916)	(9,981)	(7,920)	(9,152)	(9,079)
Operating income	3,202)	3,039)	2,339)	1,437)	750)	2,330)
Interest expense	(607)	(527)	(624)	(880)	(408)	(360)
Other income (expense), net	(30)	(226)	31)	28)	(48)	36)
Earnings before income taxes	2,565)	2,285)	1,747)	585)	293)	2,006)
Income taxes	(610)	(515)	(388)	(61)	(78)	(332)
Net earnings	1,955)	1,770)	1,359)	524)	215)	1,674)

Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).

Download chart

Income statement item	Description	The company
Sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Sysco Corp. sales increased from 2022 to 2023 and from 2023 to 2024.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Sysco Corp. operating income increased from 2022 to 2023 and from 2023 to 2024.
Earnings before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Sysco Corp. earnings before income taxes increased from 2022 to 2023 and from 2023 to 2024.
Net earnings	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Sysco Corp. net earnings increased from 2022 to 2023 and from 2023 to 2024.

Sysco Corp. (NYSE:SYY)

Income Statement