Avnet, Inc. (AVT) financial statements (2022 and earlier)

Company profile

Business Address 2211 SOUTH 47TH STREET
PHOENIX, AZ 85034
State of Incorp. NY
Fiscal Year End June 30
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
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1682004775466211,1181,031
Cash and cash equivalents1682004775466218361,031
Short-term investments     281 
Receivables4,0783,5762,9283,1683,6413,3384,975
Inventory, net of allowances, customer advances and progress billings3,5433,2372,7323,0083,1422,8252,856
Inventory3,5433,2372,7323,0083,1422,8252,856
Other undisclosed current assets156151191153207254141
Total current assets:7,9447,1636,3296,8767,6117,5349,004
Noncurrent Assets
Operating lease, right-of-use asset248266276
Property, plant and equipment338368405452523520613
Intangible assets, net (including goodwill)8438678391,0201,2011,4261,360
Goodwill8248387748779811,1481,281
Intangible assets, net (excluding goodwill)19296514422027778
Other noncurrent assets207261257216263221264
Total noncurrent assets:1,6371,7621,7761,6881,9862,1662,236
TOTAL ASSETS:9,5818,9258,1058,5659,5979,70011,240
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2822,9742,2272,2782,8042,4043,790
Accounts payable2,6942,4011,7541,8642,2691,8623,234
Accrued liabilities589572473414535542556
Debt350230301165501,153
Other undisclosed current liabilities565853    
Total current liabilities:3,6893,0552,2802,5792,9692,4544,942
Noncurrent Liabilities
Long-term debt and lease obligation1,3661,4311,6791,4201,4891,7291,339
Long-term debt, excluding current maturities1,1451,1911,4251,4201,4891,7291,339
Operating lease, liability221240254
Liabilities, other than long-term debt323355420426453335267
Other liabilities323355420426453335267
Total noncurrent liabilities:1,6891,7862,0981,8461,9422,0641,606
Total liabilities:5,3784,8414,3794,4244,9124,5186,549
Stockholders' equity
Stockholders' equity attributable to parent4,2034,0843,7264,1404,6855,1824,691
Common stock9810099104116123127
Treasury stock, value      (0)
Additional paid in capital1,6431,6221,5941,5731,5291,5031,453
Accumulated other comprehensive loss(224)(154)(388)(304)(195)(244)(521)
Retained earnings2,6862,5162,4222,7673,2363,7993,632
Total stockholders' equity:4,2034,0843,7264,1404,6855,1824,691
TOTAL LIABILITIES AND EQUITY:9,5818,9258,1058,5659,5979,70011,240

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues21,59319,53517,63419,51919,03717,44026,219
Revenue, net19,03717,44026,219
Cost of revenue(19,007)(17,294)(15,571)(17,032)(16,510)(15,071)(23,182)
Gross profit:2,5862,2412,0632,4862,5272,3693,038
Operating expenses(1,949)(1,875)(1,842)(2,012)(2,152)(1,771)(2,171)
Other undisclosed operating loss(51)(84)(226)(108)(145)(137)(79)
Operating income (loss):586281(5)366231461788
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3(19)(1)1117(44)(18)
Interest and debt expense(90)(89)(123)(135)(103)(107)(99)
Income (loss) from continuing operations before income taxes:499173(128)242145310671
Income tax expense (benefit)(44)2099(62)(288)(47)(164)
Income (loss) from continuing operations:455193(30)180(143)263507
Income (loss) from discontinued operations  (2)(4)(14)262 
Net income (loss) available to common stockholders, diluted:455193(31)176(156)525507

Comprehensive Income ($ in millions)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):455193(31)176(156)525507
Other comprehensive income (loss) (76)1969(32)121
Other undisclosed comprehensive loss(76)      
Comprehensive income (loss):379117(12)246(189)526528
Other undisclosed comprehensive income (loss), net of tax, attributable to parent17311(104)(178)81276(101)
Comprehensive income (loss), net of tax, attributable to parent:396428(115)68(108)802427

Statements sources

The financial statements are based on the company's filings with the 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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