Avnet, Inc. (AVT) Financial Statements (2024 and earlier)

Company Profile

Business Address 2211 SOUTH 47TH STREET
PHOENIX, AZ 85034
State of Incorp. NY
Fiscal Year End June 30
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)

12/31/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments288325154200477546
Cash and cash equivalents288325154200477546
Receivables4,7644,7894,3013,5762,9283,168
Inventory, net of allowances, customer advances and progress billings5,4654,9734,2443,2372,7323,008
Inventory5,4654,9734,2443,2372,7323,008
Other undisclosed current assets234216178151191153
Total current assets:10,75110,3048,8777,1636,3296,876
Noncurrent Assets
Operating lease, right-of-use asset222230227266276
Property, plant and equipment442378315368405452
Intangible assets, net (including goodwill)7817557718678391,020
Goodwill781755759838774877
Intangible assets, net (excluding goodwill)   132965144
Other noncurrent assets282263198261257216
Total noncurrent assets:1,7261,6261,5121,7621,7761,688
TOTAL ASSETS:12,47711,93010,3898,9258,1058,565
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1273,7954,0232,9742,2272,278
Accounts payable3,3743,1073,4322,4011,7541,864
Accrued liabilities753689591572473414
Debt71209174230301
Other undisclosed current liabilities5253555853 
Total current liabilities:4,2494,0584,2523,0552,2802,579
Noncurrent Liabilities
Long-term debt and lease obligation2,9882,9801,6371,4311,6791,420
Long-term debt, excluding current maturities2,9882,9801,4371,1911,4251,420
Liabilities, other than long-term debt488463307355420426
Other liabilities297264307355420426
Operating lease, liability191199199240254
Total noncurrent liabilities:3,4763,4431,9441,7862,0981,846
Total liabilities:7,7257,5006,1964,8414,3794,424
Equity
Equity, attributable to parent4,7524,4304,1934,0843,7264,140
Common stock92919610099104
Additional paid in capital1,6911,6791,6571,6221,5941,573
Accumulated other comprehensive loss(409)(429)(481)(154)(388)(304)
Retained earnings3,3783,0892,9212,5162,4222,767
Total equity:4,7524,4304,1934,0843,7264,140
TOTAL LIABILITIES AND EQUITY:12,47711,93010,3898,9258,1058,565

Income Statement (P&L) ($ in millions)

12/31/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues26,53726,32824,31119,53517,63419,519
Cost of revenue(23,355)(23,184)(21,345)(17,294)(15,571)(17,032)
Gross profit:3,1823,1452,9652,2412,0632,486
Operating expenses(1,967)(1,970)(1,995)(1,875)(1,842)(2,012)
Other undisclosed operating loss(28)(26)(32)(84)(226)(108)
Operating income (loss):1,1871,149939281(5)366
Nonoperating income (expense)10(5)(5)(19)(1)11
Other nonoperating income (expense)10(5)(5)(19)(1)11
Unusual or infrequent item, or both, net (gain) loss  (26)(26)   
Interest and debt expense(251)(160)(100)(89)(123)(135)
Income (loss) from continuing operations before equity method investments, income taxes:946984833173(128)242
Other undisclosed income from continuing operations before income taxes3762    
Income (loss) from continuing operations before income taxes:9831,045833173(128)242
Income tax expense (benefit)(212)(187)(141)2099(62)
Income (loss) from continuing operations:771858692193(30)180
Income (loss) before gain (loss) on sale of properties:615692193(31)176
Loss from discontinued operations     (2)(4)
Net income (loss):771832666193(31)176
Other undisclosed net income attributable to parent  2626   
Net income (loss) available to common stockholders, diluted:771858692193(31)176

Comprehensive Income ($ in millions)

12/31/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):771832666193(31)176
Other comprehensive income (loss) (22) 2(76)1969
Other undisclosed comprehensive income (loss) 2    
Comprehensive income (loss):749834668117(12)246
Other undisclosed comprehensive income (loss), net of tax, attributable to parent94(181)(303)311(104)(178)
Comprehensive income (loss), net of tax, attributable to parent:843653365428(115)68

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.

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