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Supplemental Guarantor Information - Subsidiary Guarantees | 6 Months Ended
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Dec. 30, 2017
Guarantees [Abstract] |
Supplemental Guarantor Information - Subsidiary Guarantees | SUPPLEMENTAL GUARANTOR INFORMATION - SUBSIDIARY GUARANTEES On January 19, 2011, the wholly owned U.S. Broadline subsidiaries of Sysco Corporation entered into full and unconditional guarantees of all outstanding senior notes and debentures of Sysco Corporation. Borrowings under the company’s revolving credit facility supporting the company’s U.S. and Canadian commercial paper programs are also covered under these guarantees. As of December 30, 2017, Sysco had a total of $8.8 billion in senior notes, debentures and commercial paper issuances outstanding that was covered by these guarantees. All subsidiary guarantors are 100% owned by the parent company, all guarantees are full and unconditional and all guarantees are joint and several, except that the guarantee of any subsidiary guarantor with respect to a series of senior notes or debentures may be released under certain customary circumstances. If we exercise our defeasance option with respect to the senior notes or debentures of any series, then any subsidiary guarantor effectively will be released with respect to that series. Further, each subsidiary guarantee will remain in full force and effect until the earliest to occur of the date, if any, on which (1) the applicable subsidiary guarantor shall consolidate with or merge into Sysco Corporation or any successor of Sysco Corporation or (2) Sysco Corporation or any successor of Sysco Corporation consolidates with or merges into the applicable subsidiary guarantor. In conjunction with the preparation of our September 30, 2017 condensed consolidating financial statements, the company identified certain wholly owned U.S. Broadline subsidiaries that are guarantors of the outstanding senior notes and debentures of Sysco Corporation that were presented within Other Non-Guarantor Subsidiaries during fiscal 2017. The fiscal 2017 Condensed Consolidating Balance Sheet and Statements of Comprehensive Income and Cash Flows included herein have been revised to present such U.S. Broadline subsidiaries as guarantor subsidiaries. The company assessed the materiality of the incorrect guarantor disclosures and concluded that the misstatement was not material to the financial statements as a whole, but has provided revised information below for the sake of consistency with the current period disclosures. The following condensed consolidating financial statements present separately the financial position, comprehensive income and cash flows of the parent issuer (Sysco Corporation), the guarantors (certain of the company’s U.S. Broadline subsidiaries), and all other non-guarantor subsidiaries of Sysco (Other Non-Guarantor Subsidiaries) on a combined basis with eliminating entries.
| Condensed Consolidating Balance Sheet
| Dec. 30, 2017
| Sysco |  | Certain U.S. Broadline Subsidiaries |  | Other Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
| (In thousands)
Current assets | $ | 189,553 |  |  | $ | 3,803,349 |  |  | $ | 4,279,266 |  |  | $ | — |  |  | $ | 8,272,168 |
Intercompany receivables | 2,945,188 |  |  | 1,276,341 |  |  | — |  |  | (4,221,529 | ) |  | — |
Investment in subsidiaries | 7,623,839 |  |  | — |  |  | — |  |  | (7,623,839 | ) |  | — |
Plant and equipment, net | 262,790 |  |  | 2,018,365 |  |  | 2,085,137 |  |  | — |  |  | 4,366,292 |
Other assets | 965,800 |  |  | 55,820 |  |  | 4,559,290 |  |  | — |  |  | 5,580,910 |
Total assets | $ | 11,987,170 |  |  | $ | 7,153,875 |  |  | $ | 10,923,693 |  |  | $ | (11,845,368 | ) |  | $ | 18,219,370 |
Current liabilities | $ | 540,008 |  |  | $ | 3,781,141 |  |  | $ | 1,661,821 |  |  | $ | — |  |  | $ | 5,982,970 |
Intercompany payables | — |  |  | — |  |  | 4,221,529 |  |  | (4,221,529 | ) |  | — |
Long-term debt | 8,239,844 |  |  | 6,995 |  |  | 65,650 |  |  | — |  |  | 8,312,489 |
Other liabilities | 938,716 |  |  | 87,230 |  |  | 595,839 |  |  | — |  |  | 1,621,785 |
Noncontrolling interest | — |  |  | — |  |  | 33,524 |  |  | — |  |  | 33,524 |
Shareholders’ equity | 2,268,602 |  |  | 3,278,509 |  |  | 4,345,330 |  |  | (7,623,839 | ) |  | 2,268,602 |
Total liabilities and shareholders’ equity | $ | 11,987,170 |  |  | $ | 7,153,875 |  |  | $ | 10,923,693 |  |  | $ | (11,845,368 | ) |  | $ | 18,219,370 |
| Condensed Consolidating Balance Sheet
| July 1, 2017
| Sysco |  | Certain U.S. Broadline Subsidiaries |  | Other Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
| (In thousands)
Current assets | $ | 177,495 |  |  | $ | 3,786,055 |  |  | $ | 4,069,888 |  |  | $ | — |  |  | $ | 8,033,438 |
Intercompany receivables | 4,444,035 |  |  | — |  |  | — |  |  | (4,444,035 | ) |  | — |
Investment in subsidiaries | 6,451,994 |  |  | — |  |  | — |  |  | (6,451,994 | ) |  | — |
Plant and equipment, net | 258,527 |  |  | 2,039,761 |  |  | 2,079,014 |  |  | — |  |  | 4,377,302 |
Other assets | 151,743 |  |  | 516,126 |  |  | 4,678,046 |  |  | — |  |  | 5,345,915 |
Total assets | $ | 11,483,794 |  |  | $ | 6,341,942 |  |  | $ | 10,826,948 |  |  | $ | (10,896,029 | ) |  | $ | 17,756,655 |
Current liabilities | $ | 650,899 |  |  | $ | 3,521,661 |  |  | $ | 1,923,326 |  |  | $ | — |  |  | $ | 6,095,886 |
Intercompany payables | — |  |  | 366,802 |  |  | 4,077,233 |  |  | (4,444,035 | ) |  | — |
Long-term debt | 7,588,041 |  |  | 7,776 |  |  | 65,060 |  |  | — |  |  | 7,660,877 |
Other liabilities | 863,338 |  |  | 103,784 |  |  | 568,415 |  |  | — |  |  | 1,535,537 |
Noncontrolling interest | — |  |  | — |  |  | 82,839 |  |  | — |  |  | 82,839 |
Shareholders’ equity | 2,381,516 |  |  | 2,341,919 |  |  | 4,110,075 |  |  | (6,451,994 | ) |  | 2,381,516 |
Total liabilities and shareholders’ equity | $ | 11,483,794 |  |  | $ | 6,341,942 |  |  | $ | 10,826,948 |  |  | $ | (10,896,029 | ) |  | $ | 17,756,655 |
| Condensed Consolidating Balance Sheet
| Dec. 31, 2016
| Sysco |  | Certain U.S. Broadline Subsidiaries |  | Other Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
| (In thousands)
Current assets | $ | 137,816 |  |  | $ | 4,050,928 |  |  | $ | 3,822,462 |  |  | $ | — |  |  | $ | 8,011,206 |
Intercompany receivables | 2,851,475 |  |  | — |  |  | — |  |  | (2,851,475 | ) |  | — |
Investment in subsidiaries | 8,168,683 |  |  | — |  |  | — |  |  | (8,168,683 | ) |  | — |
Plant and equipment, net | 364,716 |  |  | 2,023,350 |  |  | 1,943,063 |  |  | — |  |  | 4,331,129 |
Other assets | 408,475 |  |  | 604,424 |  |  | 4,274,832 |  |  | — |  |  | 5,287,731 |
Total assets | $ | 11,931,165 |  |  | $ | 6,678,702 |  |  | $ | 10,040,357 |  |  | $ | (11,020,158 | ) |  | $ | 17,630,066 |
Current liabilities | $ | 286,277 |  |  | $ | 2,307,139 |  |  | $ | 2,458,870 |  |  | $ | — |  |  | $ | 5,052,286 |
Intercompany payables | — |  |  | 35,463 |  |  | 2,816,012 |  |  | (2,851,475 | ) |  | — |
Long-term debt | 8,056,499 |  |  | 6,904 |  |  | 250,248 |  |  | — |  |  | 8,313,651 |
Other liabilities | 1,112,350 |  |  | 163,640 |  |  | 433,195 |  |  | — |  |  | 1,709,185 |
Noncontrolling interest | — |  |  | — |  |  | 78,905 |  |  | — |  |  | 78,905 |
Shareholders’ equity | 2,476,039 |  |  | 4,165,556 |  |  | 4,003,127 |  |  | (8,168,683 | ) |  | 2,476,039 |
Total liabilities and shareholders’ equity | $ | 11,931,165 |  |  | $ | 6,678,702 |  |  | $ | 10,040,357 |  |  | $ | (11,020,158 | ) |  | $ | 17,630,066 |
| Condensed Consolidating Statement of Comprehensive Income
| For the 13-Week Period Ended Dec. 30, 2017
| Sysco |  | Certain U.S. Broadline Subsidiaries |  | Other Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
| (In thousands)
Sales | $ | — |  |  | $ | 8,754,170 |  |  | $ | 6,169,238 |  |  | $ | (511,918 | ) |  | $ | 14,411,490 |
Cost of sales | — |  |  | 7,102,287 |  |  | 5,121,735 |  |  | (511,918 | ) |  | 11,712,104 |
Gross profit | — |  |  | 1,651,883 |  |  | 1,047,503 |  |  | — |  |  | 2,699,386 |
Operating expenses | 198,800 |  |  | 994,646 |  |  | 973,658 |  |  | — |  |  | 2,167,104 |
Operating income (loss) | (198,800 | ) |  | 657,237 |  |  | 73,845 |  |  | — |  |  | 532,282 |
Interest expense (income) (1) | 108,768 |  |  | (27,955 | ) |  | 5,173 |  |  | — |  |  | 85,986 |
Other expense (income), net | (5,030 | ) |  | (1,137 | ) |  | 735 |  |  | — |  |  | (5,432 | )
Earnings (losses) before income taxes | (302,538 | ) |  | 686,329 |  |  | 67,937 |  |  | — |  |  | 451,728 |
Income tax (benefit) provision | (120,313 | ) |  | 262,820 |  |  | 25,108 |  |  | — |  |  | 167,615 |
Equity in earnings of subsidiaries | 466,338 |  |  | — |  |  | — |  |  | (466,338 | ) |  | — |
Net earnings | 284,113 |  |  | 423,509 |  |  | 42,829 |  |  | (466,338 | ) |  | 284,113 |
Other comprehensive income (loss) | 26,551 |  |  | — |  |  | 19,254 |  |  | (19,254 | ) |  | 26,551 |
Comprehensive income | $ | 310,664 |  |  | $ | 423,509 |  |  | $ | 62,083 |  |  | $ | (485,592 | ) |  | $ | 310,664 |
(1) | Interest expense (income) includes $28.0 million of intercompany interest income, net, for certain of the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation for the second quarter ended December 30, 2017. There is an immaterial amount of intercompany interest expense related to Sysco Corporation for the Other Non-Guarantor Subsidiaries.
| Condensed Consolidating Statement of Comprehensive Income
| For the 13-Week Period Ended Dec. 31, 2016
| Sysco |  | Certain U.S. Broadline Subsidiaries |  | Other Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
| (In thousands)
Sales | $ | — |  |  | $ | 8,268,127 |  |  | $ | 7,167,072 |  |  | $ | (1,977,931 | ) |  | $ | 13,457,268 |
Cost of sales | — |  |  | 6,676,641 |  |  | 6,186,695 |  |  | (1,977,931 | ) |  | 10,885,405 |
Gross profit | — |  |  | 1,591,486 |  |  | 980,377 |  |  | — |  |  | 2,571,863 |
Operating expenses | 239,292 |  |  | 956,196 |  |  | 883,958 |  |  | — |  |  | 2,079,446 |
Operating income (loss) | (239,292 | ) |  | 635,290 |  |  | 96,419 |  |  | — |  |  | 492,417 |
Interest expense (income) (1) | 100,947 |  |  | (33,610 | ) |  | 4,894 |  |  | — |  |  | 72,231 |
Other expense (income), net | (5,295 | ) |  | (729 | ) |  | 3,704 |  |  | — |  |  | (2,320 | )
Earnings (losses) before income taxes | (334,944 | ) |  | 669,629 |  |  | 87,821 |  |  | — |  |  | 422,506 |
Income tax (benefit) provision | (116,996 | ) |  | 233,631 |  |  | 30,704 |  |  | — |  |  | 147,339 |
Equity in earnings of subsidiaries | 493,115 |  |  | — |  |  | — |  |  | (493,115 | ) |  | — |
Net earnings | 275,167 |  |  | 435,998 |  |  | 57,117 |  |  | (493,115 | ) |  | 275,167 |
Other comprehensive income (loss) | (147,656 | ) |  | — |  |  | (190,130 | ) |  | 190,130 |  |  | (147,656 | )
Comprehensive income | $ | 127,511 |  |  | $ | 435,998 |  |  | $ | (133,013 | ) |  | $ | (302,985 | ) |  | $ | 127,511 |
(1) | Interest expense (income) includes $33.6 million of intercompany interest income, net, for certain of the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation for the second quarter ended December 31, 2016. There is an immaterial amount of intercompany interest expense related to Sysco Corporation for the Other Non-Guarantor Subsidiaries.
| Condensed Consolidating Statement of Comprehensive Income
| For the 26-Week Period Ended Dec. 30, 2017
| Sysco |  | Certain U.S. Broadline Subsidiaries |  | Other Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
| (In thousands)
Sales | $ | — |  |  | $ | 17,775,826 |  |  | $ | 12,289,551 |  |  | $ | (1,003,463 | ) |  | $ | 29,061,914 |
Cost of sales | — |  |  | 14,377,711 |  |  | 10,194,612 |  |  | (1,003,463 | ) |  | 23,568,860 |
Gross profit | — |  |  | 3,398,115 |  |  | 2,094,939 |  |  | — |  |  | 5,493,054 |
Operating expenses | 396,664 |  |  | 2,002,006 |  |  | 1,939,010 |  |  | — |  |  | 4,337,680 |
Operating income (loss) | (396,664 | ) |  | 1,396,109 |  |  | 155,929 |  |  | — |  |  | 1,155,374 |
Interest expense (income) (1) | 207,764 |  |  | (51,305 | ) |  | 10,411 |  |  | — |  |  | 166,870 |
Other expense (income), net | (8,645 | ) |  | (1,559 | ) |  | 524 |  |  | — |  |  | (9,680 | )
Earnings (losses) before income taxes | (595,783 | ) |  | 1,448,973 |  |  | 144,994 |  |  | — |  |  | 998,184 |
Income tax (benefit) provision | (216,273 | ) |  | 512,383 |  |  | 50,321 |  |  | — |  |  | 346,431 |
Equity in earnings of subsidiaries | 1,031,263 |  |  | — |  |  | — |  |  | (1,031,263 | ) |  | — |
Net earnings | 651,753 |  |  | 936,590 |  |  | 94,673 |  |  | (1,031,263 | ) |  | 651,753 |
Other comprehensive income (loss) | 146,709 |  |  | — |  |  | 140,583 |  |  | (140,583 | ) |  | 146,709 |
Comprehensive income | $ | 798,462 |  |  | $ | 936,590 |  |  | $ | 235,256 |  |  | $ | (1,171,846 | ) |  | $ | 798,462 |
(1) | Interest expense (income) includes $51.3 million of intercompany interest income, net, for certain of the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation. There is an immaterial amount of intercompany interest expense related to Sysco Corporation for the Other Non-Guarantor Subsidiaries.
| Condensed Consolidating Statement of Comprehensive Income
| For the 52-Week Period Ended Jul. 1, 2017
| Sysco |  | Certain U.S. Broadline Subsidiaries |  | Other Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
| (In thousands)
Sales | $ | — |  |  | $ | 34,325,884 |  |  | $ | 22,862,131 |  |  | $ | (1,816,876 | ) |  | $ | 55,371,139 |
Cost of sales | — |  |  | 27,690,469 |  |  | 18,940,039 |  |  | (1,816,876 | ) |  | 44,813,632 |
Gross profit | — |  |  | 6,635,415 |  |  | 3,922,092 |  |  | — |  |  | 10,557,507 |
Operating expenses | 931,498 |  |  | 3,907,829 |  |  | 3,665,009 |  |  | — |  |  | 8,504,336 |
Operating income (loss) | (931,498 | ) |  | 2,727,586 |  |  | 257,083 |  |  | — |  |  | 2,053,171 |
Interest expense (income) (1) | 405,030 |  |  | (122,012 | ) |  | 19,860 |  |  | — |  |  | 302,878 |
Other expense (income), net | (23,740 | ) |  | (1,116 | ) |  | 8,919 |  |  | — |  |  | (15,937 | )
Earnings (losses) before income taxes | (1,312,788 | ) |  | 2,850,714 |  |  | 228,304 |  |  | — |  |  | 1,766,230 |
Income tax (benefit) provision | (463,598 | ) |  | 1,006,703 |  |  | 80,622 |  |  | — |  |  | 623,727 |
Equity in earnings of subsidiaries | 1,991,693 |  |  | — |  |  | — |  |  | (1,991,693 | ) |  | — |
Net earnings | 1,142,503 |  |  | 1,844,011 |  |  | 147,682 |  |  | (1,991,693 | ) |  | 1,142,503 |
Other comprehensive income (loss) | 95,381 |  |  | — |  |  | (9,317 | ) |  | 9,317 |  |  | 95,381 |
Comprehensive income | $ | 1,237,884 |  |  | $ | 1,844,011 |  |  | $ | 138,365 |  |  | $ | (1,982,376 | ) |  | $ | 1,237,884 |
(1) | Interest expense (income) includes $135.9 million of intercompany interest income, net, for certain of the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation. There is an immaterial amount of intercompany interest expense related to Sysco Corporation for the Other Non-Guarantor Subsidiaries.
| Condensed Consolidating Statement of Comprehensive Income
| For the 26-Week Period Ended Dec. 31, 2016
| Sysco |  | Certain U.S. Broadline Subsidiaries |  | Other Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
| (In thousands)
Sales | $ | — |  |  | $ | 16,974,279 |  |  | $ | 12,874,491 |  |  | $ | (2,422,848 | ) |  | $ | 27,425,922 |
Cost of sales | — |  |  | 13,689,355 |  |  | 10,895,633 |  |  | (2,422,848 | ) |  | 22,162,140 |
Gross profit | — |  |  | 3,284,924 |  |  | 1,978,858 |  |  | — |  |  | 5,263,782 |
Operating expenses | 457,195 |  |  | 1,939,269 |  |  | 1,808,068 |  |  | — |  |  | 4,204,532 |
Operating income (loss) | (457,195 | ) |  | 1,345,655 |  |  | 170,790 |  |  | — |  |  | 1,059,250 |
Interest expense (income) (1) | 191,105 |  |  | (54,820 | ) |  | 9,569 |  |  | — |  |  | 145,854 |
Other expense (income), net | (20,186 | ) |  | (969 | ) |  | 11,619 |  |  | — |  |  | (9,536 | )
Earnings (losses) before income taxes | (628,114 | ) |  | 1,401,444 |  |  | 149,602 |  |  | — |  |  | 922,932 |
Income tax (benefit) provision | (220,420 | ) |  | 491,799 |  |  | 52,499 |  |  | — |  |  | 323,878 |
Equity in earnings of subsidiaries | 1,006,748 |  |  | — |  |  | — |  |  | (1,006,748 | ) |  | — |
Net earnings | 599,054 |  |  | 909,645 |  |  | 97,103 |  |  | (1,006,748 | ) |  | 599,054 |
Other comprehensive income (loss) | (224,478 | ) |  | — |  |  | (279,683 | ) |  | 279,683 |  |  | (224,478 | )
Comprehensive income | $ | 374,576 |  |  | $ | 909,645 |  |  | $ | (182,580 | ) |  | $ | (727,065 | ) |  | $ | 374,576 |
(1) | Interest expense (income) includes $54.8 million of intercompany interest income, net, for certain of the U.S. Broadline subsidiaries, which is intercompany interest expense for Sysco Corporation. There is an immaterial amount of intercompany interest expense related to Sysco Corporation for the Other Non-Guarantor Subsidiaries.
| Condensed Consolidating Cash Flows
| For the 26-Week Period Ended Dec. 30, 2017
| Sysco |  | Certain U.S. Broadline Subsidiaries |  | Other Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated Totals
| (In thousands)
Cash flows provided by (used for): |  |  |  |  |  |  |  |  |
Operating activities | $ | 252,770 |  |  | $ | 195,650 |  |  | $ | 484,784 |  |  | $ | — |  |  | $ | 933,204 |
Investing activities | (104,914 | ) |  | (112,513 | ) |  | (332,538 | ) |  | 147,622 |  |  | (402,343 | )
Financing activities | (159,309 | ) |  | (3,890 | ) |  | 893 |  |  | (147,622 | ) |  | (309,928 | )
Effect of exchange rates on cash | — |  |  | — |  |  | 23,510 |  |  | — |  |  | 23,510 |
Net increase (decrease) in cash and cash equivalents | (11,453 | ) |  | 79,247 |  |  | 176,649 |  |  | — |  |  | 244,443 |
Cash and cash equivalents at the beginning of period | 111,576 |  |  | 18,788 |  |  | 739,138 |  |  | — |  |  | 869,502 |
Cash and cash equivalents at the end of period | $ | 100,123 |  |  | $ | 98,035 |  |  | $ | 915,787 |  |  | $ | — |  |  | $ | 1,113,945 |
| Condensed Consolidating Cash Flows
| For the 52-Week Period Ended Jul. 1, 2017
| Sysco |  | Certain U.S. Broadline Subsidiaries |  | Other Non-Guarantor Subsidiaries |  | Eliminations (1) |  | Consolidated Totals
| (In thousands)
Cash flows provided by (used for): |  |  |  |  |  |  |  |  |
Operating activities | $ | 1,535,775 |  |  | $ | 3,023,400 |  |  | $ | 658,229 |  |  | $ | (2,978,000 | ) |  | $ | 2,239,404 |
Investing activities | (3,274,566 | ) |  | (261,330 | ) |  | (175,565 | ) |  | 127,000 |  |  | (3,584,461 | )
Financing activities | (1,526,045 | ) |  | (2,777,661 | ) |  | (229,931 | ) |  | 2,851,000 |  |  | (1,682,637 | )
Effect of exchange rates on cash | — |  |  | — |  |  | (22,104 | ) |  | — |  |  | (22,104 | )
Net increase (decrease) in cash and cash equivalents | (3,264,836 | ) |  | (15,591 | ) |  | 230,629 |  |  | — |  |  | (3,049,798 | )
Cash and cash equivalents at the beginning of period | 3,376,412 |  |  | 34,379 |  |  | 508,509 |  |  | — |  |  | 3,919,300 |
Cash and cash equivalents at the end of period | $ | 111,576 |  |  | $ | 18,788 |  |  | $ | 739,138 |  |  | $ | — |  |  | $ | 869,502 |
(1) | Represents primarily inter-company dividends paid from the subsidiaries to the parent, Sysco Corporation.
| Condensed Consolidating Cash Flows
| For the 26-Week Period Ended Dec. 31, 2016
| Sysco |  | Certain U.S. Broadline Subsidiaries |  | Other Non-Guarantor Subsidiaries |  | Consolidated Totals
| (In thousands)
Cash flows provided by (used for): |  |  |  |  |  |  |
Operating activities | $ | 292,547 |  |  | $ | 143,092 |  |  | $ | 203,762 |  |  | $ | 639,401 |
Investing activities | (3,127,225 | ) |  | (102,923 | ) |  | 45,634 |  |  | (3,184,514 | )
Financing activities | (430,216 | ) |  | (17,815 | ) |  | (68,251 | ) |  | (516,282 | )
Effect of exchange rates on cash | — |  |  | — |  |  | (10,613 | ) |  | (10,613 | )
Net increase (decrease) in cash and cash equivalents | (3,264,894 | ) |  | 22,354 |  |  | 170,532 |  |  | (3,072,008 | )
Cash and cash equivalents at the beginning of period | 3,376,412 |  |  | 34,379 |  |  | 508,509 |  |  | 3,919,300 |
Cash and cash equivalents at the end of period | $ | 111,518 |  |  | $ | 56,733 |  |  | $ | 679,041 |  |  | $ | 847,292 |

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