Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Sysco Corp., consolidated cash flow 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
Net earnings	1,955)	1,770)	1,359)	524)	215)	1,674)
Pension settlement charge	—)	315)	—)	—)	—)	—)
Share-based compensation expense	104)	96)	122)	96)	42)	105)
Depreciation and amortization	873)	776)	773)	738)	806)	764)
Operating lease asset amortization	124)	113)	108)	114)	108)	—)
Amortization of debt issuance and other debt-related costs	19)	20)	22)	26)	23)	21)
Deferred income taxes	27)	(16)	(64)	(158)	(191)	(127)
Provision for (gains) losses on receivables	57)	36)	(15)	(153)	404)	63)
Loss on extinguishment of debt	—)	—)	116)	294)	—)	—)
(Gain) loss on sale of business	—)	—)	—)	23)	—)	(66)
Goodwill impairment	—)	—)	—)	—)	203)	—)
Impairment of assets held for sale	—)	—)	—)	—)	56)	—)
Other non-cash items	(12)	(7)	(13)	(17)	(1)	(3)
(Increase) decrease in receivables	(110)	(271)	(971)	(662)	916)	(203)
(Increase) decrease in inventories	(70)	(22)	(709)	(551)	115)	(115)
(Increase) decrease in prepaid expenses and other current assets	(2)	2)	5)	(33)	10)	(19)
Increase (decrease) in accounts payable	104)	196)	810)	1,459)	(834)	246)
Increase (decrease) in accrued expenses	(12)	22)	423)	167)	(140)	138)
Increase (decrease) in operating lease liabilities	(144)	(134)	(126)	(142)	(124)	—)
Increase (decrease) in accrued income taxes	13)	92)	(10)	119)	(103)	5)
(Increase) decrease in other assets	38)	6)	(1)	19)	21)	(21)
Increase (decrease) in other long-term liabilities	25)	(126)	(38)	41)	93)	(51)
Additional changes in certain assets and liabilities, net of effect of businesses acquired	(158)	(235)	(616)	416)	(47)	(20)
Adjustments to reconcile net earnings to cash provided by operating activities	1,034)	1,097)	433)	1,380)	1,403)	737)
Net cash provided by operating activities	2,989)	2,868)	1,791)	1,904)	1,619)	2,411)
Additions to plant and equipment	(832)	(793)	(633)	(471)	(720)	(692)
Proceeds from sales of plant and equipment	79)	42)	24)	59)	29)	21)
Acquisition of businesses, net of cash acquired	(1,210)	(37)	(1,281)	—)	(143)	(107)
Proceeds from sale of business	—)	—)	—)	—)	—)	150)
Purchase of marketable securities	(33)	(16)	(19)	(53)	(11)	(116)
Proceeds from sales of marketable securities	29)	12)	17)	36)	21)	—)
Other investing activities	5)	8)	14)	—)	69)	2)
Net cash used for investing activities	(1,962)	(785)	(1,878)	(429)	(756)	(743)
Bank and commercial paper borrowings, net	200)	—)	—)	(826)	617)	132)
Other debt borrowings including senior notes	1,362)	249)	1,248)	1)	6,784)	388)
Other debt repayments including senior notes	(447)	(830)	(495)	(2,003)	(1,119)	(790)
Redemption premiums and repayments for senior notes	—)	—)	(1,396)	(1,000)	—)	—)
Cash received from termination of interest rate swap agreements	—)	—)	23)	—)	—)	—)
Proceeds from stock option exercises	120)	79)	128)	130)	228)	253)
Stock repurchases	(1,232)	(500)	(500)	—)	(845)	(1,022)
Dividends paid	(1,008)	(996)	(959)	(918)	(856)	(775)
Other financing activities	(33)	(58)	(37)	(13)	(88)	(23)
Net cash provided by (used for) financing activities	(1,038)	(2,056)	(1,987)	(4,628)	4,720)	(1,837)
Effect of exchange rates on cash, cash equivalents and restricted cash	(10)	8)	(32)	95)	(19)	(15)
Net increase (decrease) in cash, cash equivalents and restricted cash	(21)	35)	(2,106)	(3,058)	5,563)	(184)
Cash, cash equivalents and restricted cash at beginning of period	966)	931)	3,037)	6,096)	532)	716)
Cash, cash equivalents and restricted cash at end of period	945)	966)	931)	3,037)	6,096)	532)

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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Sysco Corp. net cash provided by operating activities increased from 2022 to 2023 and from 2023 to 2024.
Net cash used for investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Sysco Corp. net cash used for investing activities increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net cash provided by (used for) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Sysco Corp. net cash provided by (used for) financing activities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Sysco Corp. (NYSE:SYY)

Cash Flow Statement