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AVNET   FYE=6 (June)

Annual - Income Statement - Company Specific

Fiscal period2025202420232022202120202019201820172016
Period End Date6/30/20256/30/20246/30/20236/30/20226/30/20216/30/20206/30/20196/30/20186/30/20176/30/2016
Sales22,200.7523,757.1326,536.8824,310.7119,534.6817,634.3319,518.5919,036.8917,439.9626,219.28
Total Revenues22,200.7523,757.1326,536.8824,310.7119,534.6817,634.3319,518.5919,036.8917,439.9626,219.28
Cost of sales19,815.8020,990.6923,354.7421,345.3217,294.0515,570.8817,032.4916,509.7115,070.5223,181.77
Gross Profit2,384.962,766.443,182.142,965.392,240.632,063.462,486.102,527.182,369.443,037.51
Goodwill impairment expense----------144.09137.40181.44----
Selling, general and administrative expenses1,762.391,869.531,967.311,994.851,874.831,842.121,874.651,970.101,770.632,170.52
Restructuring, integration and other charges108.3252.5528.045.2784.3981.87108.14145.13137.4279.32
Impairment charges--------------------
Loss on sale of business lines--------------------
Russian-Ukraine conflict related expenses--0.000.00(26.26)------------
Operating Income / (Loss)514.25844.371,186.80939.01281.41(4.63)365.91230.52461.40787.67
Interest expense--------------102.53106.6999.06
Interest and other financing expenses, net246.40282.87250.87100.3889.47122.74134.87------
Gain (loss) on sale of assets, net--------------------
Gain on sale of business lines--------------------
Other (expense) income, net(17.28)(15.74)9.91(5.30)(19.01)(0.74)11.2317.09(44.31)(18.11)
Debt extinguishment costs--------------------
Gain on legal settlement--86.5037.04--------------
Gain on bargain purchase and other--------------------
Income (loss) before income taxes250.57632.26982.88833.33172.93(128.11)242.27145.08310.40670.51
Current- Foreign90.6494.66173.45126.5221.5322.8278.99104.16--114.75
Current: Federal14.1750.4364.2258.51(62.45)(127.31)(18.61)255.81--29.51
Income tax (benefit) provision10.35133.56212.05140.96(20.19)(98.57)62.16287.9747.05163.98
Deferred: Federal3.51(16.45)(15.42)(32.42)21.5914.8417.73(70.17)--4.31
Deferred: Foreign(105.78)0.32(20.68)1.793.60(31.36)(25.05)11.90--8.51
Current: State and local5.104.527.878.87(4.72)17.988.52(3.17)--4.63
Deferred: State and Local2.710.092.61(22.32)0.264.450.58(10.55)--2.28
Income from Continuing Operations----------(29.53)180.11(142.89)263.35--
Gain on disposal of discontinued operations, net of income taxes----------------222.36--
Income (loss) from discontinued operations, net of income taxes----------(1.55)(3.77)(13.54)39.57--
Income Before Extraordinary Income & Accounting Change--------------------
Cumulative effect of change in accounting principle (Note6)--------------------
Net Income (Loss) Available to Common Shareholders240.22498.70770.83692.38193.11(31.08)176.34(156.42)525.28506.53
Income (loss) before cumulative effect of change in accounting principle- Basic--------------------
Income (loss)from continuing operations----------(0.29)1.64(1.19)2.07--
Discontinued operations, net----------(0.02)(0.03)(0.11)2.06--
Cumulative effect of change in accounting principle- Basic--------------------
Net Earnings Per Share (Basic)2.785.518.377.021.95(0.31)1.61(1.30)4.133.87
Income (loss) before cumulative effect of change in accounting principle- Diluted--------------------
Income (loss)from continuing operations----------(0.29)1.63(1.19)2.05--
Discontinued operations, net----------(0.02)(0.04)(0.11)2.03--
Cumulative effect of change in accounting principle- Diluted--------------------
Net Earnings Per Share (Diluted)2.755.438.266.941.93(0.31)1.59(1.30)4.083.80
Weighted Average Shares Outstanding (Basic)86.2790.5792.0498.6699.26100.47109.82119.91127.03130.86
Weighted Average Shares Outstanding (Diluted)87.4191.8493.3799.82100.17100.47110.80119.91128.65133.17