Avnet Inc. (AVT) Financial Statements (2025 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)

3/31/2025
MRQ
12/31/2024
MRQ
6/30/2024
6/30/2023
6/30/2022
6/30/2021
6/30/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments172311288154200477
Cash and cash equivalent172311288154200477
Receivables4,4214,3914,7644,3013,5762,928
Inventory, net of allowances, customer advances and progress billings5,2525,4695,4654,2443,2372,732
Inventory5,2525,4695,4654,2443,2372,732
Other undisclosed current assets226200234178151191
Total current assets:10,07210,37110,7518,8777,1636,329
Noncurrent Assets
Operating lease, right-of-use asset203209222227266276
Property, plant and equipment564568442315368405
Intangible assets, net (including goodwill)774781781771867839
Goodwill774781781759838774
Intangible assets, net (excluding goodwill)    132965
Other noncurrent assets330280282198261257
Total noncurrent assets:1,8711,8391,7261,5121,7621,776
TOTAL ASSETS:11,94312,20912,47710,3898,9258,105
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1503,9194,1274,0232,9742,227
Accounts payable3,6263,3463,3743,4322,4011,754
Accrued liabilities524573753591572473
Debt349371174230
Other undisclosed current liabilities535452555853
Total current liabilities:4,2064,4654,2494,2523,0552,280
Noncurrent Liabilities
Long-term debt and lease obligation2,5672,4072,9881,6371,4311,679
Long-term debt, excluding current maturities2,5672,4072,9881,4371,1911,425
Liabilities, other than long-term debt326412488307355420
Other liabilities160238297307355420
Operating lease, liability166174191199240254
Total noncurrent liabilities:2,8932,8183,4761,9441,7862,098
Total liabilities:7,0997,2847,7256,1964,8414,379
Equity
Equity, attributable to parent4,8444,9264,7524,1934,0843,726
Common stock8689929610099
Additional paid in capital1,7471,7211,6911,6571,6221,594
Accumulated other comprehensive loss(531)(487)(409)(481)(154)(388)
Retained earnings3,5423,6023,3782,9212,5162,422
Total equity:4,8444,9264,7524,1934,0843,726
TOTAL LIABILITIES AND EQUITY:11,94312,20912,47710,3898,9258,105

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

3/31/2025
TTM
12/31/2024
TTM
6/30/2024
6/30/2023
6/30/2022
6/30/2021
6/30/2020
Revenues22,48423,75726,53724,31119,53517,634
Cost of revenue(19,969)(20,991)(23,355)(21,345)(17,294)(15,571)
Gross profit:2,5162,7663,1822,9652,2412,063
Operating expenses(1,793)(1,870)(1,967)(1,995)(1,875)(1,842)
Other undisclosed operating loss(70)(53)(28)(32)(84)(226)
Operating income (loss):6528441,187939281(5)
Nonoperating income (expense)(19)(16)10(5)(19)(1)
Other nonoperating income (expense)(19)(16)10(5)(19)(1)
Unusual or infrequent item, or both, net (gain) loss    (26)  
Interest and debt expense(265)(283)(251)(100)(89)(123)
Income (loss) from continuing operations before equity method investments, income taxes:368546946833173(128)
Other undisclosed income from continuing operations before income taxes  8637   
Income (loss) from continuing operations before income taxes:368632983833173(128)
Income tax expense (benefit)(51)(134)(212)(141)2099
Income (loss) from continuing operations:318499771692193(30)
Income (loss) before gain (loss) on sale of properties:692193(31)
Loss from discontinued operations      (2)
Net income (loss):318499771666193(31)
Other undisclosed net income attributable to parent    26  
Net income (loss) available to common stockholders, diluted:318499771692193(31)

Comprehensive Income ($ in millions)

3/31/2025
TTM
12/31/2024
TTM
6/30/2024
6/30/2023
6/30/2022
6/30/2021
6/30/2020
Net income (loss):318499771666193(31)
Other comprehensive income (loss)  (28)(22)2(76)19
Other undisclosed comprehensive loss(28)     
Comprehensive income (loss):289470749668117(12)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(145)(49)94(303)311(104)
Comprehensive income (loss), net of tax, attributable to parent:144421843365428(115)

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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