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AVNET   FYE=6 (June)

Annual - Income Statement - Company Specific

Fiscal period2019201820172016201520142013201220112010
Period End Date6/30/20196/30/20186/30/20176/30/20166/30/20156/30/20146/30/20136/30/20126/30/20116/30/2010
Sales19,518.5919,036.8917,439.9616,740.6017,655.3227,499.6525,458.9225,707.5226,534.4119,160.17
Total Revenues19,518.5919,036.8917,439.9616,740.6017,655.3227,499.6525,458.9225,707.5226,534.4119,160.17
Cost of sales17,032.4916,509.7115,070.5214,662.6515,445.1824,273.9222,479.1222,656.9623,426.6116,879.96
Gross Profit2,486.102,527.182,369.442,077.952,210.143,225.732,979.803,050.563,107.812,280.22
Goodwill impairment expense137.40181.44----------------
Selling, general and administrative expenses1,874.651,991.401,788.331,460.271,515.142,341.172,204.322,092.812,100.651,619.20
Restructuring, integration and other charges108.14145.13137.4244.7641.8594.62149.5073.5977.1825.42
Impairment charges--------------------
Operating Income / (Loss)365.91209.22443.70572.91653.15789.94625.98884.17929.98635.60
Interest expense------91.9487.08104.82107.6590.8692.4561.75
Interest and other financing expenses, net134.8792.7599.58--------------
Gain (loss) on sale of assets, net------------------8.75
Gain on sale of business lines--------------------
Other (expense) income, net11.2328.61(33.72)(2.96)5.45(6.09)(0.07)(5.44)10.722.48
Debt extinguishment costs--------------------
Gain on legal settlement----------22.10--------
Gain on bargain purchase and other------------31.012.9222.720.00
Income (loss) before income taxes242.27145.08310.40478.01571.51701.13549.27790.78870.97585.08
Current- Foreign78.99104.16106.4492.03--91.4284.9798.28109.7356.61
Current: Federal(18.61)255.81(45.35)(16.93)--71.7117.2194.2464.4861.89
Income tax (benefit) provision62.16287.9747.0587.1086.14155.5299.19223.76201.90174.71
Deferred: Federal17.73(70.17)(30.03)5.57--11.312.626.9041.0324.25
Deferred: Foreign(25.05)11.9015.715.11--(30.76)(15.03)4.13(30.34)20.88
Current: State and local8.52(3.17)4.21(0.03)--8.047.0319.4711.729.79
Deferred: State and Local0.58(10.55)(3.93)1.35--3.812.390.765.271.29
Income from Continuing Operations180.11(142.89)263.35390.91485.38----------
Gain on disposal of discontinued operations, net of income taxes--------------------
Income (loss) from discontinued operations, net of income taxes(3.77)(13.54)261.93115.6286.54----------
Income Before Extraordinary Income & Accounting Change--------------------
Cumulative effect of change in accounting principle (Note6)--------------------
Net Income (Loss) Available to Common Shareholders176.34(156.42)525.28506.53571.91545.60450.07567.02669.07410.37
Income (loss) before cumulative effect of change in accounting principle- Basic--------------------
Income (loss)from continuing operations1.64(1.19)2.072.993.55----------
Discontinued operations, net(0.03)(0.11)2.060.880.63----------
Cumulative effect of change in accounting principle- Basic--------------------
Net Earnings Per Share (Basic)1.61(1.30)4.133.874.183.953.263.854.392.71
Income (loss) before cumulative effect of change in accounting principle- Diluted--------------------
Income (loss)from continuing operations1.63(1.19)2.052.933.50----------
Discontinued operations, net(0.04)(0.11)2.030.870.62----------
Cumulative effect of change in accounting principle- Diluted--------------------
Net Earnings Per Share (Diluted)1.59(1.30)4.083.804.123.893.213.794.342.68
Weighted Average Shares Outstanding (Basic)109.82119.91127.03130.86136.69137.99137.95147.28152.48151.63
Weighted Average Shares Outstanding (Diluted)110.80119.91128.65133.17138.79140.12140.00149.55154.34153.09