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AVNET   FYE=6 (June)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date6/30/20246/30/20236/30/20226/30/20216/30/20206/30/20196/30/20186/30/20176/30/20166/30/2015
Sales23,757.1326,536.8824,310.7119,534.6817,634.3319,518.5919,036.8917,439.9626,219.2827,924.66
Total Revenues23,757.1326,536.8824,310.7119,534.6817,634.3319,518.5919,036.8917,439.9626,219.2827,924.66
Cost of sales20,990.6923,354.7421,345.3217,294.0515,570.8817,032.4916,509.7115,070.5223,181.7724,731.54
Gross Profit2,766.443,182.142,965.392,240.632,063.462,486.102,527.182,369.443,037.513,193.12
Goodwill impairment expense--------144.09137.40181.44------
Selling, general and administrative expenses1,869.531,967.311,994.851,874.831,842.121,874.651,970.101,770.632,170.522,274.64
Restructuring, integration and other charges52.5528.045.2784.3981.87108.14145.13137.4279.3290.81
Impairment charges--------------------
Loss on sale of business lines--------------------
Russian-Ukraine conflict related expenses0.000.00(26.26)--------------
Operating Income / (Loss)844.371,186.80939.01281.41(4.63)365.91230.52461.40787.67827.67
Interest expense------------102.53106.6999.0695.67
Interest and other financing expenses, net282.87250.87100.3889.47122.74134.87--------
Gain (loss) on sale of assets, net--------------------
Gain on sale of business lines--------------------
Other (expense) income, net(15.74)9.91(5.30)(19.01)(0.74)11.2317.09(44.31)(18.11)(19.04)
Debt extinguishment costs--------------------
Gain on legal settlement86.5037.04----------------
Gain on bargain purchase and other--------------------
Income (loss) before income taxes632.26982.88833.33172.93(128.11)242.27145.08310.40670.51712.97
Current- Foreign94.66173.45126.5221.5322.8278.99104.16--114.7576.36
Current: Federal50.4364.2258.51(62.45)(127.31)(18.61)255.81--29.5141.76
Income tax (benefit) provision133.56212.05140.96(20.19)(98.57)62.16287.9747.05163.98141.05
Deferred: Federal(16.45)(15.42)(32.42)21.5914.8417.73(70.17)--4.3139.25
Deferred: Foreign0.32(20.68)1.793.60(31.36)(25.05)11.90--8.51(26.07)
Current: State and local4.527.878.87(4.72)17.988.52(3.17)--4.634.50
Deferred: State and Local0.092.61(22.32)0.264.450.58(10.55)--2.285.26
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 Shareholders498.70770.83692.38193.11(31.08)176.34(156.42)525.28506.53571.91
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)5.518.377.021.95(0.31)1.61(1.30)4.133.874.18
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)5.438.266.941.93(0.31)1.59(1.30)4.083.804.12
Weighted Average Shares Outstanding (Basic)90.5792.0498.6699.26100.47109.82119.91127.03130.86136.69
Weighted Average Shares Outstanding (Diluted)91.8493.3799.82100.17100.47110.80119.91128.65133.17138.79