Avnet, Inc. (AVT) Financial Statements (2023 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)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments168299200323376483477
Cash and cash equivalents168299200323376483477
Receivables4,0783,7203,5763,3663,1052,9652,928
Inventory, net of allowances, customer advances and progress billings3,5433,2843,2372,7602,8162,9452,732
Inventory3,5433,2843,2372,7602,8162,9452,732
Other undisclosed current assets156162151156156210191
Total current assets:7,9447,4657,1636,6056,4546,6026,329
Noncurrent Assets
Operating lease, right-of-use asset248258266276285289276
Property, plant and equipment338352368381403404405
Intangible assets, net (including goodwill)843847867872874846839
Goodwill824824838838835799774
Intangible assets, net (excluding goodwill)19232934394765
Other noncurrent assets207290261232248240257
Total noncurrent assets:1,6371,7461,7621,7611,8101,7791,776
TOTAL ASSETS:9,5819,2118,9258,3668,2648,3818,105
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2823,0562,9742,5292,4562,5412,227
Accounts payable2,6942,4682,4012,0021,9362,0051,754
Accrued liabilities589588572527520535473
Debt350 233003121670
Other undisclosed current liabilities56575857585953
Total current liabilities:3,6893,1133,0552,8862,8262,7662,280
Noncurrent Liabilities
Long-term debt and lease obligation1,3661,6201,4311,1461,1551,4581,679
Long-term debt, excluding current maturities1,1451,3901,1918968961,1951,425
Operating lease, liability221230240250260263254
Liabilities, other than long-term debt323332355396372379420
Other liabilities323332355396372379420
Total noncurrent liabilities:1,6891,9521,7861,5421,5271,8372,098
Total liabilities:5,3785,0664,8414,4284,3544,6044,379
Stockholders' equity
Stockholders' equity attributable to parent4,2034,1464,0843,9383,9113,7783,726
Common stock989910099999999
Additional paid in capital1,6431,6321,6221,6111,6101,5991,594
Accumulated other comprehensive loss(224)(179)(154)(225)(164)(288)(388)
Retained earnings2,6862,5932,5162,4532,3662,3682,422
Total stockholders' equity:4,2034,1464,0843,9383,9113,7783,726
TOTAL LIABILITIES AND EQUITY:9,5819,2118,9258,3668,2648,3818,105

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

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Revenues5,8655,5855,2274,9174,6684,7234,160
Cost of revenue(5,152)(4,925)(4,582)(4,348)(4,157)(4,207)(3,685)
Gross profit:713660645568511516475
Operating expenses(501)(486)(498)(463)(442)(471)(305)
Other undisclosed operating loss (5)(28)(18)(12)(26)(168)
Operating income:2121681188857192
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
2(0)(3)5(1)(19)7
Interest and debt expense(22)(23)(23)(22)(21)(22)(25)
Income (loss) from continuing operations before income taxes:192145927034(23)(16)
Income tax expense (benefit)(41)(34)(6)37(15)468
Net income (loss) available to common stockholders, diluted:1511118510719(19)52

Comprehensive Income ($ in millions)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
6/30/2020
Q4
Net income (loss):1511118510719(19)52
Other undisclosed comprehensive income (loss)  (76)   19
Comprehensive income (loss):151111910719(19)71
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(45)(25)148(61)124100(8)
Comprehensive income, net of tax, attributable to parent:10686157461438163

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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