Sysco 2010 Annual Report Download - page 63
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CONSOLIDATED RESULTS OF OPERATIONS
July 3, 2010
(53 Weeks) June 27, 2009 June 28, 2008
Year Ended
(In thousands except for share and per share data)
Sales ................................................... $ 37,243,495 $ 36,853,330 $ 37,522,111
Cost of sales. ............................................. 30,136,009 29,816,999 30,327,254
Gross margin ............................................. 7,107,486 7,036,331 7,194,857
Operating expenses ......................................... 5,131,618 5,164,120 5,314,908
Operating income .......................................... 1,975,868 1,872,211 1,879,949
Interest expense ........................................... 125,477 116,322 111,541
Other expense (income), net. .................................. 802 (14,945) (22,930)
Earnings before income taxes .................................. 1,849,589 1,770,834 1,791,338
Income taxes ............................................. 669,606 714,886 685,187
Net earnings . ............................................. $ 1,179,983 $ 1,055,948 $ 1,106,151
Net earnings:
Basic earnings per share . . .................................. $ 1.99 $ 1.77 $ 1.83
Diluted earnings per share . .................................. 1.99 1.77 1.81
Average shares outstanding .................................. 592,157,221 595,127,577 605,905,545
Diluted shares outstanding .................................. 593,590,042 596,069,204 610,970,783
Dividends declared per common share ............................ $ 0.99 $ 0.94 $ 0.85
See Notes to Consolidated Financial Statements
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