Arrow Electronics, Inc. (ARW) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
9201 EAST DRY CREEK ROAD CENTENNIAL, CO 80112 |
| State of Incorp. | NY |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 333 | 177 | |||||||
| Cash and cash equivalents | 333 | 177 | |||||||
| Receivables | 10,663 | 11,036 | 10,656 | 12,323 | 11,219 | 10,851 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,806 | 5,452 | 5,526 | 5,319 | 5,083 | 4,887 | |||
| Inventory | 5,806 | 5,452 | 5,526 | 5,319 | 5,083 | 4,887 | |||
| Other current assets | 504 | 403 | 480 | 521 | 495 | 461 | |||
| Other undisclosed current assets | 240 | 206 | 334 | 226 | |||||
| Total current assets: | 17,306 | 17,131 | 16,867 | 18,340 | 17,131 | 16,424 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 278 | ||||||||
| Property, plant and equipment | 536 | 558 | 579 | 596 | 596 | 626 | |||
| Long-term investments and receivables | 63 | 62 | 60 | 65 | 66 | 66 | |||
| Long-term investments | 63 | 62 | 60 | 65 | 66 | 66 | |||
| Intangible assets, net (including goodwill) | 2,157 | 2,187 | 2,187 | 2,187 | 2,146 | 2,196 | |||
| Goodwill | 2,022 | 2,044 | 2,036 | 2,028 | 1,979 | 2,021 | |||
| Intangible assets, net (excluding goodwill) | 135 | 143 | 151 | 159 | 166 | 176 | |||
| Other noncurrent assets | 576 | 597 | 583 | 567 | 582 | ||||
| Other undisclosed noncurrent assets | 297 | ||||||||
| Total noncurrent assets: | 3,332 | 3,405 | 3,410 | 3,423 | 3,375 | 3,470 | |||
| TOTAL ASSETS: | 20,638 | 20,536 | 20,277 | 21,763 | 20,506 | 19,894 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 10,347 | 10,181 | 10,246 | 11,800 | 10,814 | 10,407 | |||
| Accounts payable | 9,091 | 8,981 | 8,976 | 10,460 | 9,540 | 9,163 | |||
| Accrued liabilities | 1,257 | 1,200 | 1,270 | 1,339 | 1,273 | 1,245 | |||
| Debt | 1,589 | 488 | 144 | 590 | 605 | 626 | |||
| Total current liabilities: | 11,936 | 10,669 | 10,390 | 12,390 | 11,418 | 11,033 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,615 | 3,673 | 3,719 | 3,183 | 3,187 | 2,856 | |||
| Long-term debt, excluding current maturities | 2,615 | 3,673 | 3,719 | 3,183 | 3,187 | 2,856 | |||
| Liabilities, other than long-term debt | 534 | 539 | 567 | 579 | 598 | 607 | |||
| Other liabilities | 534 | 539 | 567 | 579 | 598 | 607 | |||
| Total noncurrent liabilities: | 3,149 | 4,212 | 4,286 | 3,762 | 3,785 | 3,463 | |||
| Total liabilities: | 15,085 | 14,881 | 14,676 | 16,152 | 15,203 | 14,496 | |||
| Equity | |||||||||
| Equity, attributable to parent | 5,485 | 5,586 | 5,531 | 5,546 | 5,246 | 5,340 | |||
| Common stock | 125 | 125 | 125 | 125 | 125 | 125 | |||
| Treasury stock, value | (5,307) | (5,108) | (4,925) | (4,637) | (4,338) | (4,081) | |||
| Additional paid in capital | 1,206 | 1,203 | 1,203 | 1,209 | 1,201 | 1,199 | |||
| Accumulated other comprehensive loss | (462) | (359) | (361) | (365) | (608) | (426) | |||
| Retained earnings | 9,924 | 9,725 | 9,489 | 9,215 | 8,865 | 8,523 | |||
| Equity, attributable to noncontrolling interest | 68 | 68 | 70 | 65 | 57 | 58 | |||
| Total equity: | 5,553 | 5,654 | 5,600 | 5,611 | 5,303 | 5,398 | |||
| TOTAL LIABILITIES AND EQUITY: | 20,638 | 20,536 | 20,277 | 21,763 | 20,506 | 19,894 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,007 | 8,515 | 8,736 | 9,323 | 9,266 | 9,461 | ||
| Cost of revenue | (7,027) | (7,448) | (7,623) | (8,117) | (8,080) | (8,225) | ||
| Gross profit: | 980 | 1,066 | 1,114 | 1,206 | 1,187 | 1,236 | ||
| Operating expenses | (563) | (617) | (642) | (719) | (634) | (654) | ||
| Other operating expense, net (Other Nonrecurring (Income) Expense) | (7) | |||||||
| Other undisclosed operating income (loss) | (76) | (57) | (49) | 43 | (50) | (50) | ||
| Operating income: | 340 | 392 | 422 | 523 | 503 | 533 | ||
| Nonoperating income (expense) | (7) | (0) | 9 | 11 | (4) | (11) | ||
| Investment income, nonoperating | (6) | 0 | 10 | (3) | (10) | |||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (1) | (1) | (1) | (1) | (1) | |||
| Income from continuing operations before equity method investments, income taxes: | 333 | 392 | 432 | 534 | 498 | 522 | ||
| Income (loss) from equity method investments | 1 | 3 | (0) | 3 | 2 | 2 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (82) | (85) | (80) | 123 | (51) | (39) | ||
| Income from continuing operations before income taxes: | 252 | 310 | 352 | 660 | 449 | 486 | ||
| Income tax expense | (52) | (72) | (77) | (117) | (106) | (114) | ||
| Income from continuing operations: | 200 | 238 | 275 | 543 | 344 | 371 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 344 | 371 | |
| Other undisclosed net loss | (189) | |||||||
| Net income: | 200 | 238 | 275 | 354 | 344 | 371 | ||
| Net loss attributable to noncontrolling interest | (1) | (1) | (2) | (5) | (1) | (1) | ||
| Net income available to common stockholders, diluted: | 199 | 237 | 274 | 349 | 342 | 370 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 200 | 238 | 275 | 354 | 344 | 371 | ||
| Other comprehensive income (loss) | (105) | (0) | 7 | 246 | (184) | (195) | ||
| Comprehensive income: | 96 | 238 | 282 | 600 | 160 | 176 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (0) | 1 | (5) | (8) | 1 | 1 | ||
| Comprehensive income, net of tax, attributable to parent: | 95 | 239 | 278 | 592 | 161 | 177 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.