2018 Q1 Form 10-Q Financial Statement

#000165003018000007 Filed on May 03, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q3 2017 Q2
Revenue $6.876B $6.856B $5.737B
YoY Change 14.8% 4.8%
Cost Of Revenue $6.007B $6.014B $4.976B
YoY Change 16.24% 5.3%
Gross Profit $868.9M $842.6M $761.2M
YoY Change 5.48% 1.64%
Gross Profit Margin 12.64% 12.29% 13.27%
Selling, General & Admin $563.0M $552.7M $515.5M
YoY Change 6.55% 1.92%
% of Gross Profit 64.79% 65.59% 67.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.25M $38.57M $37.14M
YoY Change -4.49% -9.26%
% of Gross Profit 5.44% 4.58% 4.88%
Operating Expenses $563.0M $552.7M $515.5M
YoY Change 6.55% 1.92%
Operating Profit $236.0M $235.4M $193.0M
YoY Change 5.3% 6.43%
Interest Expense -$48.30M -$39.60M -$35.30M
YoY Change -4.58% -1.67%
% of Operating Profit -20.47% -16.82% -18.29%
Other Income/Expense, Net -$1.200M -$1.900M -$1.800M
YoY Change
Pretax Income $186.5M $180.9M $155.9M
YoY Change -3.17% 5.58%
Income Tax $46.59M $45.97M $39.56M
% Of Pretax Income 24.99% 25.42% 25.38%
Net Earnings $139.1M $134.1M $114.7M
YoY Change -0.15% 8.0%
Net Earnings / Revenue 2.02% 1.96% 2.0%
Basic Earnings Per Share $1.58 $1.52 $1.29
Diluted Earnings Per Share $1.56 $1.50 $1.27
COMMON SHARES
Basic Shares Outstanding 87.96M shares 88.45M shares 89.26M shares
Diluted Shares Outstanding 89.04M shares 89.54M shares 90.54M shares

Balance Sheet

Concept 2018 Q1 2017 Q3 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $549.0M $420.0M $522.0M
YoY Change -15.32% 32.15%
Cash & Equivalents $548.6M $584.3M $521.6M
Short-Term Investments
Other Short-Term Assets $267.4M $215.4M $190.3M
YoY Change -34.95% -43.22%
Inventory $3.573B $3.169B $2.906B
Prepaid Expenses
Receivables $7.378B $7.071B $5.867B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.77B $11.04B $9.485B
YoY Change 22.17% 12.54%
LONG-TERM ASSETS
Property, Plant & Equipment $849.9M $815.4M $786.6M
YoY Change 10.55% 8.45%
Goodwill $2.704B $2.471B $2.405B
YoY Change 2.13% -1.31%
Intangibles $348.4M $307.4M $325.9M
YoY Change -15.92% -15.02%
Long-Term Investments $88.17M $86.63M $88.38M
YoY Change 14.0% 18.54%
Other Assets $367.6M $337.8M $328.8M
YoY Change 7.92% 7.88%
Total Long-Term Assets $4.358B $4.018B $3.935B
YoY Change 2.73% 0.25%
TOTAL ASSETS
Total Short-Term Assets $11.77B $11.04B $9.485B
Total Long-Term Assets $4.358B $4.018B $3.935B
Total Assets $16.12B $15.06B $13.42B
YoY Change 16.3% 8.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.111B $5.800B $4.820B
YoY Change 24.87% 14.58%
Accrued Expenses $806.1M $799.1M $741.4M
YoY Change 13.83% 11.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $38.00M $427.0M $472.0M
YoY Change 284.68% 926.09%
Total Short-Term Liabilities $6.955B $6.979B $6.033B
YoY Change 27.87% 22.61%
LONG-TERM LIABILITIES
Long-Term Debt $3.533B $2.803B $2.460B
YoY Change 7.02% -7.14%
Other Long-Term Liabilities $487.8M $349.7M $369.4M
YoY Change -16.94% -9.64%
Total Long-Term Liabilities $4.021B $3.153B $2.829B
YoY Change 3.7% -7.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.955B $6.979B $6.033B
Total Long-Term Liabilities $4.021B $3.153B $2.829B
Total Liabilities $10.98B $10.13B $8.863B
YoY Change 19.23% 11.08%
SHAREHOLDERS EQUITY
Retained Earnings $5.758B $5.545B $5.311B
YoY Change 12.82% 11.09%
Common Stock $1.231B $1.233B $1.215B
YoY Change 1.22% 0.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.788B $1.739B $1.665B
YoY Change 17.88% 14.44%
Treasury Stock Shares 37.80M shares 36.52M shares
Shareholders Equity $5.100B $4.879B $4.516B
YoY Change
Total Liabilities & Shareholders Equity $16.12B $15.06B $13.42B
YoY Change 16.3% 8.63%

Cashflow Statement

Concept 2018 Q1 2017 Q3 2017 Q2
OPERATING ACTIVITIES
Net Income $139.1M $134.1M $114.7M
YoY Change -0.15% 8.0%
Depreciation, Depletion And Amortization $47.25M $38.57M $37.14M
YoY Change -4.49% -9.26%
Cash From Operating Activities -$75.08M -$112.2M -$20.89M
YoY Change -175.45% -37.91%
INVESTING ACTIVITIES
Capital Expenditures $34.74M -$39.80M $62.12M
YoY Change 2.05% 26.1%
Acquisitions $331.5M $0.00
YoY Change -100.0%
Other Investing Activities $4.500M $11.00M $0.00
YoY Change -200.0%
Cash From Investing Activities -$336.4M -$28.80M -$54.23M
YoY Change -42.4% -43.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $52.51M $68.85M
YoY Change 268.48%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $235.5M 27.40M $63.96M
YoY Change 70.19% -74.48%
NET CHANGE
Cash From Operating Activities -$75.08M -112.2M -$20.89M
Cash From Investing Activities -$336.4M -28.80M -$54.23M
Cash From Financing Activities $235.5M 27.40M $63.96M
Net Change In Cash -$176.0M -113.6M -$11.16M
YoY Change -198.95% -109.2%
FREE CASH FLOW
Cash From Operating Activities -$75.08M -$112.2M -$20.89M
Capital Expenditures $34.74M -$39.80M $62.12M
Free Cash Flow -$109.8M -$72.40M -$83.01M
YoY Change -138.57% 0.13%

Facts In Submission

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CY2017Q4 us-gaap Other Assets Noncurrent
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CY2018Q1 us-gaap Other Assets Noncurrent
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367639000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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36833000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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44969000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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39064000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
45479000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2017Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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CY2018Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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228000 USD
CY2017Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2018Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
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CY2018Q1 us-gaap Other Liabilities Noncurrent
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CY2017Q2 us-gaap Other Noncash Income Expense
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CY2018Q1 us-gaap Other Noncash Income Expense
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CY2017Q2 us-gaap Payments For Proceeds From Other Investing Activities
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0 USD
CY2018Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4500000 USD
CY2017Q2 us-gaap Payments For Repurchase Of Common Stock
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68847000 USD
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2017Q2 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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23350000 USD
CY2018Q1 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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0 USD
CY2017Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2018Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2017Q2 us-gaap Payments To Acquire Property Plant And Equipment
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CY2018Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2017Q2 us-gaap Proceeds From Repayments Of Lines Of Credit
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CY2018Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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CY2017Q2 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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CY2018Q1 us-gaap Proceeds From Repayments Of Short Term Debt
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-18382000 USD
CY2017Q2 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7886000 USD
CY2018Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2017Q2 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
0 USD
CY2018Q1 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
34291000 USD
CY2017Q2 us-gaap Proceeds From Stock Options Exercised
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17259000 USD
CY2018Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4992000 USD
CY2017Q2 us-gaap Profit Loss
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116319000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
139870000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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1504260000 USD
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1539882000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
838475000 USD
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
849867000 USD
CY2018Q1 us-gaap Recovery Of Direct Costs
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37000000 USD
CY2017Q2 us-gaap Restructuring Charges
RestructuringCharges
15505000 USD
CY2018Q1 us-gaap Restructuring Charges
RestructuringCharges
21171000 USD
CY2018Q1 us-gaap Restructuring Reserve
RestructuringReserve
34542000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
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5596786000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5758234000 USD
CY2017Q2 us-gaap Sales Revenue Net
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5736780000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
6422226000 USD
CY2017Q3 us-gaap Sales Revenue Net
SalesRevenueNet
6856108000 USD
CY2017Q4 us-gaap Sales Revenue Net
SalesRevenueNet
7539449000 USD
CY2017 us-gaap Sales Revenue Net
SalesRevenueNet
26554563000 USD
CY2018Q1 us-gaap Sales Revenue Net
SalesRevenueNet
6875613000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
515526000 USD
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
562969000 USD
CY2017Q2 us-gaap Share Based Compensation
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11575000 USD
CY2018Q1 us-gaap Share Based Compensation
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12994000 USD
CY2017Q4 us-gaap Short Term Debt Weighted Average Interest Rate
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0.026
CY2018Q1 us-gaap Short Term Debt Weighted Average Interest Rate
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0.0400
CY2017Q4 us-gaap Stockholders Equity
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CY2018Q1 us-gaap Stockholders Equity
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5099608000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5148814000 USD
CY2016Q4 us-gaap Treasury Stock Shares
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37733000 shares
CY2017Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
37804000 shares
CY2017Q4 us-gaap Treasury Stock Value
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1762239000 USD
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1787653000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89035000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89262000 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87955000 shares
CY2018Q1 arw Equity In Earnings Of Affiliated Companies
EquityInEarningsOfAffiliatedCompanies
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The equity in earnings (losses) of affiliated companies consists of the following:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9" rowspan="1"></td></tr><tr><td style="width:70%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Quarter Ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">March&#160;31, <br clear="none"/>2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">April&#160;1, <br clear="none"/>2017</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Marubun/Arrow</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffcc;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,091</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,665</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,764</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(740</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffcc;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(673</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffcc;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#ccffcc;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffcc;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">925</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#ccffcc;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>
CY2018Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying consolidated financial statements of Arrow Electronics, Inc. (the "company") were prepared in accordance with accounting principles generally accepted in the United States and reflect all adjustments of a normal recurring nature, which are, in the opinion of management, necessary for a fair presentation of the consolidated financial position and results of operations at and for the periods presented.&#160; The consolidated results of operations for the interim periods are not necessarily indicative of results for the full year.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These consolidated financial statements do not include all of the information or notes necessary for a complete presentation and, accordingly, should be read in conjunction with the company's audited consolidated financial statements and accompanying notes for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:10pt;">, as filed in the company's Annual Report on Form 10-K.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;"></font></div></div>
CY2018Q1 us-gaap Fiscal Period
FiscalPeriod
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The company operates on a quarterly calendar that closes on the Saturday closest to the end of the calendar quarter.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Reclassification</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts were reclassified to conform to the current period presentation (See Note B). These reclassifications are included in the footnote tables for the quarter ended March 31, 2018.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
CY2018Q1 us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Revenue Recognition</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Revenue is recognized at the point at which control of the underlying goods or services are transferred to the customer, which included determining whether goods and services are distinct and separate performance obligations, which may require significant judgment. Satisfaction of the company&#8217;s performance obligations occur upon the transfer of control of goods or services, either from the company&#8217;s facilities or directly from suppliers to customers. The company considers customer purchase orders, which in some cases are governed by master agreements, to be the contracts with a customer. All revenue is generated from contracts with customers. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In determining the transaction price, the company evaluates whether the price is subject to refund or adjustment to determine the net consideration to which the company expects to receive. The amount of consideration received and revenue recognized by the company vary due to contractually defined incentives and return rights that are held by customers. These adjustments are made in the same period as the underlying transactions. </font></div></div>

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