Sysco Corporation (SYY) Cash Flow Statement
Where SYY’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- $2.64B +5.1% vs FY2025
- Capital expenditures
- $700.0M 0.8% of revenue
- Free cash flow
- $1.94B 2.3% margin
- Returned to shareholders
- $1.24B 64% of free cash flow
- Change in cash
- $768.0M cash at year-end $2.12B
Drawn to scale: where the cash came from and how it was used. Hover for values.
SYY operating cash flow, capex and free cash flow
SYY cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $2.23BFY2017 | $2.64BFY2026 | +1.9%/yr | |
| Capital expenditures | $686.4MFY2017 | $700.0MFY2026 | +0.2%/yr | |
| Free cash flow | $1.55BFY2017 | $1.94BFY2026 | +2.5%/yr | |
| Free cash flow margin | 2.8%FY2017 | 2.3%FY2026 | −0.5 pts | |
| Operating cash flow / net income | 1.95FY2017 | 1.50FY2026 | −0.45 | |
| Stock-based compensation | $83.9MFY2017 | $118.0MFY2026 | +3.9%/yr | |
| Dividends paid | $698.6MFY2017 | $1.04BFY2026 | +4.5%/yr | |
| Share buybacks (net) | $1.89BFY2017 | $200.0MFY2026 | −22.1%/yr | |
| Capex / revenue | 1.2%FY2017 | 0.8%FY2026 | −0.4 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SYY cash flow by activity
SYY net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
SYY cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $1.76B | $1.83B | $1.96B | $1.77B | $1.36B | $524.2M | $215.5M | $1.67B | $1.43B | $1.14B |
| Depreciation & amortization | $1.13B | $1.09B | $997.0M | $889.0M | $881.0M | $851.8M | $914.1M | $763.9M | $765.5M | $902.0M |
| Stock-based compensation | $118.0M | $93.0M | $104.0M | $96.0M | $122.0M | $95.8M | $42.2M | $104.9M | $93.8M | $83.9M |
| Change in working capital | −$47.0M | −$576.0M | −$158.0M | −$235.0M | −$617.0M | $416.4M | −$47.3M | −$20.0M | −$429.6M | $96.8M |
| Other non-cash items | −$319.0M | $79.0M | $91.0M | $348.0M | $46.0M | $15.6M | $494.1M | −$111.9M | $294.9M | $7.4M |
| Cash from operating activities | $2.64B | $2.51B | $2.99B | $2.87B | $1.79B | $1.90B | $1.62B | $2.41B | $2.16B | $2.23B |
| Investing activities | ||||||||||
| Capital expenditures | −$700.0M | −$906.0M | −$832.0M | −$793.0M | −$633.0M | −$470.7M | −$720.4M | −$692.4M | −$687.8M | −$686.4M |
| Investments (net) | −$7.0M | −$717.0M | −$1.96B | −$784.6M | −$2.7M | −$428.7M | $9.1M | −$116.4M | −$913.7M | −$3.58B |
| Acquisitions & other investing | $10.0M | $906.0M | $832.0M | $792.6M | −$1.24B | $470.7M | −$45.0M | $66.0M | $691.1M | $693.2M |
| Cash from investing activities | −$697.0M | −$717.0M | −$1.96B | −$785.0M | −$1.88B | −$428.7M | −$756.3M | −$742.9M | −$910.4M | −$3.58B |
| Financing activities | ||||||||||
| Dividends paid | −$1.04B | −$1.00B | −$1.01B | −$996.0M | −$959.0M | −$917.6M | −$856.3M | −$775.4M | −$722.2M | −$698.6M |
| Share repurchases & issuance (net) | −$200.0M | −$1.25B | −$1.23B | −$500.0M | −$500.0M | −$130.4M | −$844.7M | −$1.02B | −$978.9M | −$1.89B |
| Net borrowing (repayment) | $81.0M | $750.0M | $1.11B | −$580.9M | $753.6M | −$2.83B | $6.28B | −$270.0M | $47.1M | $721.3M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$3.0M | $88.0M | $87.0M | $20.9M | −$1.28B | −$752.5M | $139.8M | $230.2M | $243.5M | $180.9M |
| Cash from financing activities | −$1.16B | −$1.41B | −$1.04B | −$2.06B | −$1.99B | −$4.63B | $4.72B | −$1.84B | −$1.41B | −$1.68B |
| Summary | ||||||||||
| Net change in cash | $768.0M | $403.0M | −$21.0M | $35.0M | −$2.11B | −$3.06B | $5.56B | −$183.6M | −$153.7M | −$3.05B |
| Cash at end of period | $2.12B | $1.35B | $945.0M | $966.0M | $931.0M | $3.04B | $6.10B | $532.2M | $715.8M | $869.5M |
| Free cash flow | $1.94B | $1.60B | $2.16B | $2.08B | $1.16B | $1.43B | $898.3M | $1.72B | $1.47B | $1.55B |
| Free cash flow margin | 2.3% | 2.0% | 2.7% | 2.7% | 1.7% | 2.8% | 1.7% | 2.9% | 2.5% | 2.8% |
| Capex / revenue | 0.8% | 1.1% | 1.1% | 1.0% | 0.9% | 0.9% | 1.4% | 1.2% | 1.2% | 1.2% |
| Operating cash flow / net income | 1.50 | 1.37 | 1.53 | 1.62 | 1.32 | 3.63 | 7.51 | 1.44 | 1.51 | 1.95 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $551.0M | $340.0M | $390.0M | $476.0M | $531.0M | $401.0M | $406.0M | $490.0M | $611.7M | $424.3M | $416.0M | $503.0M |
| Depreciation & amortization | $292.0M | $290.0M | $277.0M | $270.0M | $275.0M | $270.0M | $272.0M | $269.0M | $258.5M | $254.5M | $249.0M | $235.0M |
| Stock-based compensation | $23.0M | $31.0M | $33.0M | $31.0M | $19.0M | $14.0M | $30.0M | $30.0M | $27.3M | $23.7M | $29.0M | $24.0M |
| Change in working capital | $239.0M | $176.0M | −$142.0M | −$728.0M | $261.0M | $117.0M | −$250.0M | −$704.0M | $656.5M | −$208.5M | $68.0M | −$674.0M |
| Other non-cash items | $70.0M | $15.0M | −$33.0M | $37.0M | $107.0M | $17.0M | −$13.0M | −$32.0M | $61.8M | $23.2M | $7.0M | −$1.0M |
| Cash from operating activities | $1.18B | $852.0M | $525.0M | $86.0M | $1.19B | $819.0M | $445.0M | $53.0M | $1.62B | $517.2M | $769.0M | $87.0M |
| Investing activities | ||||||||||||
| Capital expenditures | −$239.0M | −$161.0M | −$140.0M | −$160.0M | −$374.0M | −$199.0M | −$211.0M | −$122.0M | −$301.8M | −$183.2M | −$176.0M | −$171.0M |
| Investments (net) | −$14.0M | −$1.0M | $1.0M | −$107.0M | −$325.0M | −$188.0M | −$158.0M | −$46.0M | −$261.4M | −$195.7M | −$1.13B | −$379.9M |
| Acquisitions & other investing | $46.0M | −$27.0M | −$54.0M | $160.0M | $374.0M | $199.0M | $211.0M | $122.0M | $301.8M | $183.2M | $176.0M | $170.9M |
| Cash from investing activities | −$207.0M | −$189.0M | −$193.0M | −$107.0M | −$325.0M | −$188.0M | −$158.0M | −$46.0M | −$261.4M | −$195.6M | −$1.12B | −$380.0M |
| Financing activities | ||||||||||||
| Dividends paid | −$259.0M | −$260.0M | −$259.0M | −$259.0M | −$248.0M | −$249.0M | −$252.0M | −$251.0M | −$249.9M | −$252.1M | −$253.0M | −$253.0M |
| Share repurchases & issuance (net) | $0 | −$200.0M | $60.0M | $43.0M | −$550.0M | −$400.0M | −$192.0M | −$108.0M | −$532.1M | −$499.9M | −$100.0M | −$100.0M |
| Net borrowing (repayment) | −$556.0M | $414.0M | $187.0M | $36.0M | −$328.0M | $707.0M | $172.0M | $199.0M | — | — | — | $407.2M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$82.0M | $46.0M | −$55.0M | −$15.0M | $13.0M | $8.0M | $38.0M | $29.0M | −$316.3M | $34.3M | $1.06B | $11.8M |
| Cash from financing activities | −$897.0M | $0 | −$67.0M | −$195.0M | −$1.11B | $66.0M | −$234.0M | −$131.0M | −$1.10B | −$717.7M | $712.0M | $66.0M |
| Summary | ||||||||||||
| Net change in cash | $62.0M | $657.0M | $378.0M | −$222.0M | −$216.0M | $709.0M | $21.0M | −$111.0M | $252.4M | −$403.4M | $368.0M | −$238.0M |
| Cash at end of period | $2.12B | $2.06B | $1.22B | $1.13B | $1.35B | $1.56B | $855.0M | $834.0M | $945.0M | $692.6M | $1.10B | $728.0M |
| Free cash flow | $936.0M | $691.0M | $385.0M | −$74.0M | $819.0M | $620.0M | $234.0M | −$69.0M | $1.31B | $334.0M | $593.0M | −$84.0M |
| Free cash flow margin | 4.2% | 3.4% | 1.9% | −0.3% | 3.9% | 3.2% | 1.2% | −0.3% | 6.4% | 1.7% | 3.1% | −0.4% |
| Capex / revenue | 1.1% | 0.8% | 0.7% | 0.8% | 1.8% | 1.0% | 1.0% | 0.6% | 1.5% | 0.9% | 0.9% | 0.9% |
| Operating cash flow / net income | 2.13 | 2.51 | 1.35 | 0.18 | 2.25 | 2.04 | 1.10 | 0.11 | 2.64 | 1.22 | 1.85 | 0.17 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
SYY cash generation
In fiscal 2026 (ended June 30, 2026), Sysco generated $2.6 billion of cash from operations (up 5.1%) and spent $700.0 million on capital expenditures, leaving free cash flow of $1.9 billion, 2.3% of revenue. It returned $1.2 billion to shareholders through dividends ($1.0 billion) and net share buybacks ($200.0 million). Cash and equivalents rose by $768.0 million over the year.
Related: SYY income statement, SYY balance sheet, SYY dividend history. See the SYY stock overview for the latest quote and news.
SYY cash flow FAQ
What is Sysco's free cash flow?
Sysco's free cash flow was $1.9 billion in fiscal 2026: $2.6 billion of operating cash flow minus $700.0 million of capital expenditures It was $1.6 billion a year earlier..
How much cash does Sysco generate from operations?
Sysco generated $2.6 billion of cash from operating activities in fiscal 2026, 1.50 times its net income of $1.8 billion.
How much does Sysco spend on capital expenditures?
Sysco spent $700.0 million on capital expenditures in fiscal 2026, 0.8% of revenue, compared with $906.0 million the year before.
How much stock does Sysco buy back?
Sysco spent $200.0 million on net share repurchases in fiscal 2026.
How much does Sysco pay in dividends?
Sysco paid $1.0 billion in dividends in fiscal 2026, 53.5% of free cash flow.