Avnet, Inc. (AVT) financial statements (2021 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)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3764775466211,1181,031933
Cash and cash equivalents3764775466218361,031933
Short-term investments    281  
Receivables3,1052,9283,1683,6413,3384,9755,054
Inventory, net of allowances, customer advances and progress billings2,8162,7323,0083,1422,8252,8562,482
Inventory2,8162,7323,0083,1422,8252,8562,482
Other undisclosed current assets156191153207254141173
Total current assets:6,4546,3296,8767,6117,5349,0048,642
Noncurrent Assets
Operating lease, right-of-use asset285276
Property, plant and equipment403405452523520613569
Intangible assets, net (including goodwill)8748391,0201,2011,4261,3601,378
Goodwill8357748779811,1481,2811,279
Intangible assets, net (excluding goodwill)396514422027778100
Other noncurrent assets248257216263221264211
Total noncurrent assets:1,8101,7761,6881,9862,1662,2362,158
TOTAL ASSETS:8,2648,1058,5659,5979,70011,24010,800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4562,2272,2782,8042,4043,7904,287
Accounts payable1,9361,7541,8642,2691,8623,2343,338
Accrued liabilities520473414535542556603
Employee-related liabilities      296
Taxes payable      28
Interest and dividends payable      22
Debt3120301165501,153331
Restructuring reserve      26
Other undisclosed current liabilities5853    (372)
Total current liabilities:2,8262,2802,5792,9692,4544,9424,272
Noncurrent Liabilities
Long-term debt and lease obligation1,1551,6791,4201,4891,7291,3391,647
Long-term debt, excluding current maturities8961,4251,4201,4891,7291,3391,647
Operating lease, liability260254
Liabilities, other than long-term debt372420426453335267196
Other liabilities372420426453335267196
Total noncurrent liabilities:1,5272,0981,8461,9422,0641,6061,843
Total liabilities:4,3544,3794,4244,9124,5186,5496,115
Stockholders' equity
Stockholders' equity attributable to parent3,9113,7264,1404,6855,1824,6914,685
Common stock9999104116123127135
Treasury stock, value     (0)(0)
Additional paid in capital1,6101,5941,5731,5291,5031,4531,408
Accumulated other comprehensive loss(164)(388)(304)(195)(244)(521)(441)
Retained earnings2,3662,4222,7673,2363,7993,6323,583
Total stockholders' equity:3,9113,7264,1404,6855,1824,6914,685
TOTAL LIABILITIES AND EQUITY:8,2648,1058,5659,5979,70011,24010,800

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues17,86117,63419,51919,03717,44026,21927,925
Revenue, net19,03717,44026,21927,925
Cost of revenue(15,839)(15,571)(17,032)(16,510)(15,071)(23,182)(24,732)
Gross profit:2,0212,0632,4862,5272,3693,0383,193
Operating expenses(1,834)(1,842)(2,012)(2,152)(1,771)(2,171)(2,501)
Other undisclosed operating income (loss)(225)(226)(108)(145)(137)(79)135
Operating income (loss):(38)(5)366231461788828
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(26)(1)1117(44)(18)(19)
Interest and debt expense(99)(123)(135)(103)(107)(99)(96)
Income (loss) from continuing operations before income taxes:(163)(128)242145310671713
Income tax expense (benefit)8799(62)(288)(47)(164)(141)
Income (loss) from continuing operations:(76)(30)180(143)263507572
Income (loss) from discontinued operations (2)(4)(14)262  
Net income (loss) available to common stockholders, diluted:(76)(31)176(156)525507572

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(76)(31)176(156)525507572
Other comprehensive income (loss) 1969(32)1218
Other undisclosed comprehensive income19      
Comprehensive income (loss):(57)(12)246(189)526528579
Other undisclosed comprehensive income (loss), net of tax, attributable to parent122(104)(178)81276(101)(588)
Comprehensive income (loss), net of tax, attributable to parent:65(115)68(108)802427(9)

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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