$SYY
SYSCO CORP Stock $syy

$syy Overview Financials Valuation SEC Filings Company Website

2017 Q3 Form 10-Q Financial Statement

#000009602117000170 Filed on November 09, 2017

Income Statement

Concept	2017 Q3	2016 Q4
Revenue	$14.65B	$13.46B
YoY Change	7.34%	10.73%
Cost Of Revenue	$11.86B	$10.89B
YoY Change	6.39%	8.89%
Gross Profit	$2.794B	$2.572B
YoY Change	11.61%	19.24%
Gross Profit Margin	19.07%	19.11%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$234.7M	$211.7M
YoY Change	16.19%	45.6%
% of Gross Profit	8.4%	8.23%
Operating Expenses	$2.174B	$2.079B
YoY Change	11.16%	20.6%
Operating Profit	$619.4M	$492.4M
YoY Change	13.23%	13.83%
Interest Expense	-$76.00M	-$74.00M
YoY Change	2.7%	57.45%
% of Operating Profit	-12.27%	-15.03%
Other Income/Expense, Net	$7.975M	$2.320M
YoY Change	-105.66%	-70.12%
Pretax Income	$546.5M	$422.5M
YoY Change	65.09%	7.48%
Income Tax	$178.8M	$147.3M
% Of Pretax Income	32.72%	34.87%
Net Earnings	$305.0M	$324.0M
YoY Change	41.2%	19.12%
Net Earnings / Revenue	2.08%	2.41%
Basic Earnings Per Share	$0.70	$0.50
Diluted Earnings Per Share	$0.69	$0.50
COMMON SHARES
Basic Shares Outstanding	527.3M shares	545.1M shares
Diluted Shares Outstanding	533.1M shares	550.4M shares

Balance Sheet

Concept	2017 Q3	2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$870.0M	$760.0M
YoY Change	-77.8%	27.52%
Cash & Equivalents	$869.5M	$847.3M
Short-Term Investments
Other Short-Term Assets	$139.0M	$158.0M
YoY Change	21.93%	90.36%
Inventory	$2.996B	$3.026B
Prepaid Expenses
Receivables	$4.012B	$4.191B
Other Receivables	$17.00M	$0.00
Total Short-Term Assets	$8.597B	$8.011B
YoY Change	-14.49%	18.18%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.377B	$4.331B
YoY Change	12.8%	10.02%
Goodwill	$3.916B	$3.714B
YoY Change	84.58%	87.79%
Intangibles	$1.053B	$1.095B
YoY Change	407.42%	571.37%
Long-Term Investments
YoY Change
Other Assets	$260.0M	$284.8M
YoY Change	3.59%	22.32%
Total Long-Term Assets	$5.346B	$5.288B
YoY Change	-19.83%	-16.21%
TOTAL ASSETS
Total Short-Term Assets	$8.597B	$8.011B
Total Long-Term Assets	$5.346B	$5.288B
Total Assets	$17.76B	$17.63B
YoY Change	6.19%	34.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.951B	$3.550B
YoY Change	34.58%	30.96%
Accrued Expenses	$1.502B	$1.471B
YoY Change	16.5%	37.29%
Deferred Revenue
YoY Change
Short-Term Debt	$4.513M	$22.60M
YoY Change	-94.96%	-72.78%
Long-Term Debt Due	$530.0M	$9.000M
YoY Change	5788.89%	28.57%
Total Short-Term Liabilities	$6.140B	$5.052B
YoY Change	38.47%	30.48%
LONG-TERM LIABILITIES
Long-Term Debt	$7.661B	$7.844B
YoY Change	4.42%	83.87%
Other Long-Term Liabilities	$1.368B	$1.533B
YoY Change	-0.04%	79.84%
Total Long-Term Liabilities	$9.960B	$10.02B
YoY Change	14.06%	91.63%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.140B	$5.052B
Total Long-Term Liabilities	$9.960B	$10.02B
Total Liabilities	$16.10B	$15.08B
YoY Change	22.28%	65.61%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$2.114B	$2.085B
YoY Change	3.28%	16.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$8.374B	$7.283B
YoY Change	34.75%	27.23%
Treasury Stock Shares	243.5M shares	224.8M shares
Shareholders Equity	$2.382B	$2.476B
YoY Change
Total Liabilities & Shareholders Equity	$18.42B	$17.63B
YoY Change	10.15%	34.69%

Cashflow Statement

Concept	2017 Q3	2016 Q4
OPERATING ACTIVITIES
Net Income	$305.0M	$324.0M
YoY Change	41.2%	19.12%
Depreciation, Depletion And Amortization	$234.7M	$211.7M
YoY Change	16.19%	45.6%
Cash From Operating Activities	$82.78M	$253.9M
YoY Change	-91.72%	-65.23%
INVESTING ACTIVITIES
Capital Expenditures	-$272.6M	-$142.3M
YoY Change	63.82%	12.05%
Acquisitions	$0.00	$2.910B
YoY Change
Other Investing Activities	$0.00	-$2.906B
YoY Change	-100.0%	54733.96%
Cash From Investing Activities	-$134.5M	-$3.048B
YoY Change	-65.22%	2205.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$550.1M	$600.1M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$72.90M	-$394.9M
YoY Change	-97.24%	10.35%
NET CHANGE
Cash From Operating Activities	$82.78M	$253.9M
Cash From Investing Activities	-$134.5M	-$3.048B
Cash From Financing Activities	$72.90M	-$394.9M
Net Change In Cash	$39.70M	-$3.189B
YoY Change	-98.78%	-1427.27%
FREE CASH FLOW
Cash From Operating Activities	$82.78M	$253.9M
Capital Expenditures	-$272.6M	-$142.3M
Free Cash Flow	$355.4M	$396.2M
YoY Change	-69.51%	-53.79%

Facts In Submission

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CY2017Q3	us-gaap	Liabilities Other Than Longterm Debt Noncurrent LiabilitiesOtherThanLongtermDebtNoncurrent	1535537000	USD
CY2017Q3	us-gaap	Liabilities Other Than Longterm Debt Noncurrent LiabilitiesOtherThanLongtermDebtNoncurrent	1533587000	USD
CY2016Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	7843517000	USD
CY2017Q3	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	7660877000	USD
CY2017Q3	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	8426359000	USD
CY2016Q4	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	9218000	USD
CY2017Q3	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	530075000	USD
CY2017Q3	us-gaap	Long Term Debt And Capital Lease Obligations Current LongTermDebtAndCapitalLeaseObligationsCurrent	533641000	USD
CY2016Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-394927000	USD
CY2017	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1658743000	USD
CY2017Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	72895000	USD
CY2016Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3048455000	USD
CY2017	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3584461000	USD
CY2017Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-134539000	USD
CY2016Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	253942000	USD
CY2017	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2215510000	USD
CY2017Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	82775000	USD
CY2016Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	323887000	USD
CY2017	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1142503000	USD
CY2017Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	367640000	USD
CY2016Q4	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	7216000	USD
CY2017	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	15937000	USD
CY2017Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	4248000	USD
CY2017Q3	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3	segment
CY2016Q4	us-gaap	Operating Expenses OperatingExpenses	2125086000	USD
CY2017	us-gaap	Operating Expenses OperatingExpenses	8504336000	USD
CY2017Q3	us-gaap	Operating Expenses OperatingExpenses	2170576000	USD
CY2016Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	566833000	USD
CY2017	us-gaap	Operating Income Loss OperatingIncomeLoss	2053171000	USD
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	623092000	USD
CY2016Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	252387000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	249804000	USD
CY2017Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	260036000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax	-738000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax	0	USD
CY2016Q4	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	-89553000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax	121329000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax	1752000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax	1484000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	-70696000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	115402000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-76822000	USD
CY2017	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	95381000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	120159000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax	-8790000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax	-5397000	USD
CY2016Q4	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	6126000	USD
CY2017Q3	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-4757000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1498680000	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1373822000	USD
CY2017Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	1367965000	USD
CY2016Q4	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	6829000	USD
CY2017Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-6849000	USD
CY2016Q4	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	600139000	USD
CY2017Q3	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	550098000	USD
CY2016Q4	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2846000	USD
CY2017Q3	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	644000	USD
CY2016Q4	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	173292000	USD
CY2017Q3	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	174864000	USD
CY2016Q4	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	2910461000	USD
CY2017Q3	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2016Q4	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	142255000	USD
CY2017Q3	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	136261000	USD
CY2016Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2017Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1500000	shares
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1500000	shares
CY2017Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1500000	shares
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2017Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2017Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	158301000	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	139185000	USD
CY2017Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	173464000	USD
CY2016Q4	us-gaap	Proceeds From Issuance Of Long Term Debt And Capital Securities Net ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet	1201000	USD
CY2017Q3	us-gaap	Proceeds From Issuance Of Long Term Debt And Capital Securities Net ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet	1512000	USD
CY2016Q4	us-gaap	Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess	442777000	USD
CY2017Q3	us-gaap	Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess	745100000	USD
CY2016Q4	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	4261000	USD
CY2017Q3	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	1722000	USD
CY2016Q4	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	32307000	USD
CY2017Q3	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	57075000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4418524000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4377302000	USD
CY2017Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4388299000	USD
CY2016Q4	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	3494000	USD
CY2017Q3	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	8999000	USD
CY2016Q4	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	76863000	USD
CY2017Q3	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	82839000	USD
CY2017Q3	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	83108000	USD
CY2016Q4	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	94935000	USD
CY2017Q3	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	5186000	USD
CY2016Q4	us-gaap	Retained Earnings Unappropriated RetainedEarningsUnappropriated	9159866000	USD
CY2017Q3	us-gaap	Retained Earnings Unappropriated RetainedEarningsUnappropriated	9447755000	USD
CY2017Q3	us-gaap	Retained Earnings Unappropriated RetainedEarningsUnappropriated	9638386000	USD
CY2016Q4	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	13968654000	USD
CY2017	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	55371139000	USD
CY2017Q3	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	14650424000	USD
CY2016Q4	us-gaap	Share Based Compensation ShareBasedCompensation	25100000	USD
CY2016Q4	us-gaap	Share Based Compensation ShareBasedCompensation	25127000	USD
CY2017Q3	us-gaap	Share Based Compensation ShareBasedCompensation	28000000	USD
CY2017Q3	us-gaap	Share Based Compensation ShareBasedCompensation	27955000	USD
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	4018653	shares
CY2017Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	7.08
CY2016Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	6834000	USD
CY2017Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	3938000	USD
CY2017Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	4513000	USD
CY2017Q3	us-gaap	Shortterm Debt Maximum Amount Outstanding During Period ShorttermDebtMaximumAmountOutstandingDuringPeriod	1100000000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	3020786000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	2381516000	USD
CY2017Q3	us-gaap	Stockholders Equity StockholdersEquity	2235254000	USD
CY2016Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	216182601	shares
CY2017Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	235135699	shares
CY2017Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	243513095	shares
CY2016Q4	us-gaap	Treasury Stock Value TreasuryStockValue	6782560000	USD
CY2017Q3	us-gaap	Treasury Stock Value TreasuryStockValue	7896043000	USD
CY2017Q3	us-gaap	Treasury Stock Value TreasuryStockValue	8374078000	USD
CY2017Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	16200000	USD
CY2017Q3	us-gaap	Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued	11100000	USD
CY2016Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	560954068	shares
CY2017Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	533063426	shares
CY2016Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	555437764	shares
CY2017Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	527289675	shares
CY2017Q3	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NEW ACCOUNTING STANDARDS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Targeted Improvements to Accounting for Hedging Activities</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2017, the FASB issued ASU 2017-12, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging</font><font style="font-family:inherit;font-size:10pt;">, which expands and refines hedge accounting for both financial and non-financial risk components, aligns the recognition and presentation of the effects of hedging instruments and hedge items in the financial statements, and includes certain targeted improvements to ease the application of current guidance related to the assessment of hedge effectiveness. The guidance is effective for annual periods beginning after December 15, 2018 and interim periods within those annual periods, which is the first quarter of fiscal 2020 for Sysco, with early adoption permitted. The company is currently reviewing the provisions of the new standard.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842)</font><font style="font-family:inherit;font-size:10pt;">, specifying the accounting for leases, which supersedes the leases requirements in Topic 840, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;">. The objective of Topic 842 is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. Lessees are permitted to make an accounting policy election to not recognize the asset and liability for leases with a term of twelve months or less. Lessors’ accounting is largely unchanged from the previous accounting standard. In addition, Topic 842 expands the disclosure requirements of lease arrangements. Lessees and lessors will use a modified retrospective transition approach, which includes a number of practical expedients. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018, which is fiscal 2020 for Sysco, with early adoption permitted. The company is currently reviewing the provisions of the new standard.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606),</font><font style="font-family:inherit;font-size:10pt;"> and has issued subsequent amendments to this guidance. This new standard will replace all current guidance on this topic and eliminate all industry-specific guidance. The new revenue recognition standard provides a unified model to determine when and how revenue is recognized. The core principle is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. The guidance is effective for interim and annual periods within new fiscal years beginning after December 15, 2017, which is fiscal 2019 for Sysco, and could be early adopted in fiscal 2018. The standard may be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption.</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The company’s impact assessment of the standard is ongoing, and the company does not intend to early adopt this standard in fiscal 2018. Enhanced disclosures, including revenue recognition policies to identify performance obligations to customers and significant judgments in measurement and recognition, are required. We will continue our assessment, which may identify other impacts of the adoption of Topic 606. The company will adopt the standard in the first quarter of fiscal 2019 and preliminarily expects to use the modified retrospective method. However, our adoption method is subject to change as we continue to evaluate the impact of the standard.</font></div></div>

Files In Submission

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$SYY
SYSCO CORP Stock $syy

2017 Q3 Form 10-Q Financial Statement

#000009602117000170 Filed on November 09, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SYY SYSCO CORP Stock $syy

2017 Q3 Form 10-Q Financial Statement

#000009602117000170 Filed on November 09, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SYY
SYSCO CORP Stock $syy