$AVT
AVNET INC

2023 Q4 Form 10-Q Financial Statement

#000000885823000039 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $6.205B $6.555B
YoY Change -8.08% 2.86%
Cost Of Revenue $5.499B $5.737B
YoY Change -8.08% 2.57%
Gross Profit $706.2M $818.0M
YoY Change -8.07% 4.92%
Gross Profit Margin 11.38% 12.48%
Selling, General & Admin $464.7M $506.3M
YoY Change -2.71% 2.3%
% of Gross Profit 65.8% 61.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.13M $23.57M
YoY Change -1.2% -4.07%
% of Gross Profit 3.13% 2.88%
Operating Expenses $464.7M $506.3M
YoY Change -2.71% 2.3%
Operating Profit $236.3M $311.7M
YoY Change -18.68% 9.49%
Interest Expense $74.30M -$75.06M
YoY Change 64.76% 150.3%
% of Operating Profit 31.45% -24.08%
Other Income/Expense, Net -$8.397M $6.456M
YoY Change -2699.69% -204.81%
Pretax Income $153.6M $190.4M
YoY Change -37.52% -23.4%
Income Tax $35.63M $35.14M
% Of Pretax Income 23.2% 18.46%
Net Earnings $117.9M $155.3M
YoY Change -36.0% -37.1%
Net Earnings / Revenue 1.9% 2.37%
Basic Earnings Per Share $1.31 $2.29
Diluted Earnings Per Share $1.28 $1.68
COMMON SHARES
Basic Shares Outstanding 90.49M 91.49M
Diluted Shares Outstanding 91.79M 93.18M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $272.9M $288.2M
YoY Change 237.35% 87.54%
Cash & Equivalents $272.9M $288.2M
Short-Term Investments
Other Short-Term Assets $241.4M $233.8M
YoY Change 31.88% 31.51%
Inventory $6.116B $5.465B
Prepaid Expenses
Receivables $4.509B $4.764B
Other Receivables $0.00 $0.00
Total Short-Term Assets $11.14B $10.75B
YoY Change 17.13% 21.11%
LONG-TERM ASSETS
Property, Plant & Equipment $563.8M $441.6M
YoY Change 87.88% 40.1%
Goodwill $787.0M $780.6M
YoY Change 11.82% 2.87%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $280.3M $282.4M
YoY Change 23.13% 42.58%
Total Long-Term Assets $1.858B $1.726B
YoY Change 27.41% 14.19%
TOTAL ASSETS
Total Short-Term Assets $11.14B $10.75B
Total Long-Term Assets $1.858B $1.726B
Total Assets $13.00B $12.48B
YoY Change 18.5% 20.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.308B $3.374B
YoY Change -4.57% -1.69%
Accrued Expenses $705.7M $753.1M
YoY Change 12.93% 27.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $696.3M $70.64M
YoY Change 35.74% -59.5%
Total Short-Term Liabilities $4.766B $4.249B
YoY Change 2.28% -0.05%
LONG-TERM LIABILITIES
Long-Term Debt $2.754B $2.988B
YoY Change 50.84% 107.88%
Other Long-Term Liabilities $276.2M $297.5M
YoY Change 3.27% -3.2%
Total Long-Term Liabilities $3.030B $3.285B
YoY Change 44.76% 88.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.766B $4.249B
Total Long-Term Liabilities $3.030B $3.285B
Total Liabilities $7.987B $7.725B
YoY Change 14.93% 24.69%
SHAREHOLDERS EQUITY
Retained Earnings $3.564B $3.378B
YoY Change 21.47% 15.64%
Common Stock $1.804B $1.783B
YoY Change 2.59% 1.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.010B $4.752B
YoY Change
Total Liabilities & Shareholders Equity $13.00B $12.48B
YoY Change 18.5% 20.11%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $117.9M $155.3M
YoY Change -36.0% -37.1%
Depreciation, Depletion And Amortization $22.13M $23.57M
YoY Change -1.2% -4.07%
Cash From Operating Activities -$42.28M $234.5M
YoY Change -93.45% -217.33%
INVESTING ACTIVITIES
Capital Expenditures $81.99M $56.87M
YoY Change 190.66% -473.63%
Acquisitions
YoY Change
Other Investing Activities $73.00K -$551.0K
YoY Change -101.0% -103.64%
Cash From Investing Activities -$81.92M -$57.42M
YoY Change 291.84% 64417.98%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 122.4M -67.69M
YoY Change -79.2% -142.38%
NET CHANGE
Cash From Operating Activities -42.28M 234.5M
Cash From Investing Activities -81.92M -57.42M
Cash From Financing Activities 122.4M -67.69M
Net Change In Cash -1.791M 109.4M
YoY Change -97.54% -371.89%
FREE CASH FLOW
Cash From Operating Activities -$42.28M $234.5M
Capital Expenditures $81.99M $56.87M
Free Cash Flow -$124.3M $177.7M
YoY Change -81.55% -196.21%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q3 us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/us-gaap/2023#TechnologyServiceMember
CY2023Q3 us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
http://fasb.org/us-gaap/2023#TechnologyServiceMember
CY2022Q4 us-gaap Revenue From Contract With Customer Product And Service Extensible List
RevenueFromContractWithCustomerProductAndServiceExtensibleList
http://fasb.org/us-gaap/2023#TechnologyServiceMember
CY2022Q4 us-gaap Type Of Cost Good Or Service Extensible List
TypeOfCostGoodOrServiceExtensibleList
http://fasb.org/us-gaap/2023#TechnologyServiceMember
CY2023Q3 dei Entity Central Index Key
EntityCentralIndexKey
0000008858
CY2023Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-29
CY2023Q3 dei Amendment Flag
AmendmentFlag
false
CY2023Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2023Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q3 dei Document Type
DocumentType
10-Q
CY2023Q3 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q3 dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
CY2023Q3 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q3 dei Entity File Number
EntityFileNumber
1-4224
CY2023Q3 dei Entity Registrant Name
EntityRegistrantName
AVNET, INC.
CY2023Q3 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NY
CY2023Q3 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
11-1890605
CY2023Q3 dei Entity Address Address Line1
EntityAddressAddressLine1
2211 South 47th Street
CY2023Q3 dei Entity Address City Or Town
EntityAddressCityOrTown
Phoenix
CY2023Q3 dei Entity Address State Or Province
EntityAddressStateOrProvince
AZ
CY2023Q3 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
85034
CY2023Q3 dei City Area Code
CityAreaCode
480
CY2023Q3 dei Local Phone Number
LocalPhoneNumber
643-2000
CY2023Q3 dei Security12b Title
Security12bTitle
Common stock, par value $1.00 per share
CY2023Q3 dei Trading Symbol
TradingSymbol
AVT
CY2023Q3 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023Q3 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q3 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q3 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2023Q3 dei Entity Small Business
EntitySmallBusiness
false
CY2023Q3 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023Q3 dei Entity Shell Company
EntityShellCompany
false
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
90485363
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
278679000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
288230000
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4679691000
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4763788000
CY2023Q3 us-gaap Inventory Net
InventoryNet
5755051000
CY2023Q3 us-gaap Inventory Net
InventoryNet
5465031000
CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
197720000
CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
233804000
CY2023Q3 us-gaap Assets Current
AssetsCurrent
10911141000
CY2023Q3 us-gaap Assets Current
AssetsCurrent
10750853000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
470971000
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
441557000
CY2023Q3 us-gaap Goodwill
Goodwill
759848000
CY2023Q3 us-gaap Goodwill
Goodwill
780629000
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
220657000
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
221698000
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
283845000
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
282422000
CY2023Q3 us-gaap Assets
Assets
12646462000
CY2023Q3 us-gaap Assets
Assets
12477159000
CY2023Q3 us-gaap Debt Current
DebtCurrent
68601000
CY2023Q3 us-gaap Debt Current
DebtCurrent
70636000
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
3445711000
CY2023Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
3373820000
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
722409000
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
753130000
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
53657000
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
51792000
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
4290378000
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
4249378000
CY2023Q3 us-gaap Liabilities
Liabilities
7725490000
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3101903000
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2988029000
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
186745000
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
190621000
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
244853000
CY2023Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
297462000
CY2023Q3 us-gaap Liabilities
Liabilities
7823879000
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1.00
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
90983772
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
91504053
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
90984000
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
91504000
CY2023Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1702065000
CY2023Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1691334000
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3532676000
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3378212000
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-503142000
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-409381000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
4822583000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
4751669000
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12646462000
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12477159000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6335648000
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6750133000
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
5587542000
CY2022Q4 us-gaap Cost Of Revenue
CostOfRevenue
5981960000
CY2023Q3 us-gaap Gross Profit
GrossProfit
748106000
CY2022Q4 us-gaap Gross Profit
GrossProfit
768173000
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
487286000
CY2022Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
477636000
CY2023Q3 avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
7051000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
253769000
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
290537000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5960000
CY2022Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
323000
CY2023Q3 us-gaap Interest Expense
InterestExpense
70796000
CY2022Q4 us-gaap Interest Expense
InterestExpense
45098000
CY2023Q3 avt Gain Loss Related To Litigation Settlement And Other
GainLossRelatedToLitigationSettlementAndOther
86499000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
275432000
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
245762000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
66164000
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61501000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
209268000
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
184261000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.29
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.96
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.25
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.93
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91495000
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94051000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93178000
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95636000
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.31
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.29
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
209268000
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
184261000
CY2023Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1467000
CY2022Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-9866000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-93761000
CY2022Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-191797000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
115507000
CY2022Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-7536000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
4751669000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
209268000
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-93761000
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
28320000
CY2023Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
27043000
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
10770000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
4822583000
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
4192760000
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
184261000
CY2022Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-191797000
CY2022Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
26998000
CY2022Q4 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
147902000
CY2022Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
9011000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
4019335000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
209268000
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
184261000
CY2023Q3 us-gaap Depreciation Nonproduction
DepreciationNonproduction
20639000
CY2022Q4 us-gaap Depreciation Nonproduction
DepreciationNonproduction
19640000
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
878000
CY2022Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2755000
CY2023Q3 avt Amortization Of Operating Lease Assets
AmortizationOfOperatingLeaseAssets
13271000
CY2022Q4 avt Amortization Of Operating Lease Assets
AmortizationOfOperatingLeaseAssets
13141000
CY2023Q3 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-5575000
CY2022Q4 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
7296000
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
9355000
CY2022Q4 us-gaap Share Based Compensation
ShareBasedCompensation
8924000
CY2023Q3 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
20171000
CY2022Q4 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-8224000
CY2023Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-30190000
CY2022Q4 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
419852000
CY2023Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
371604000
CY2022Q4 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
559044000
CY2023Q3 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
111489000
CY2022Q4 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
120938000
CY2023Q3 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-50184000
CY2022Q4 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-16840000
CY2023Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-41294000
CY2022Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-645149000
CY2023Q3 us-gaap Proceeds From Repayments Of Accounts Receivable Securitization
ProceedsFromRepaymentsOfAccountsReceivableSecuritization
-92100000
CY2022Q4 us-gaap Proceeds From Repayments Of Accounts Receivable Securitization
ProceedsFromRepaymentsOfAccountsReceivableSecuritization
152200000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
52620000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
41715000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
25110000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
19758000
CY2023Q3 avt Lessee Operating Lease Liability Payments Due Year Five And After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFiveAndAfterYearFive
97740000
CY2023Q3 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
243613000
CY2022Q4 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
701987000
CY2023Q3 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
133000
CY2022Q4 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
85432000
CY2023Q3 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
24324000
CY2022Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
152408000
CY2023Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28320000
CY2022Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
26998000
CY2023Q3 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1414000
CY2022Q4 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-964000
CY2023Q3 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
100150000
CY2022Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
588385000
CY2023Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
76089000
CY2022Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
28208000
CY2023Q3 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-300000
CY2022Q4 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-7303000
CY2023Q3 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-75789000
CY2022Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-20905000
CY2023Q3 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7382000
CY2022Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4857000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9551000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-72812000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
288230000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
153693000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
278679000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
80881000
CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
4793180000
CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
4876631000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
113489000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
112843000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
112843000
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
113902000
CY2023Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
4157000
CY2022Q4 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1442000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
364000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
216000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
959000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3378000
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Loss Foreign Currency Translation
FinancingReceivableAllowanceForCreditLossForeignCurrencyTranslation
-2188000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Foreign Currency Translation
FinancingReceivableAllowanceForCreditLossForeignCurrencyTranslation
-5127000
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
113489000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
106623000
CY2023Q3 us-gaap Goodwill
Goodwill
780629000
CY2023Q3 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-20781000
CY2023Q3 us-gaap Goodwill
Goodwill
759848000
CY2023Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1482677000
CY2023Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1482677000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
283320000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
42918000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
240402000
CY2023Q3 us-gaap Debt Current
DebtCurrent
68601000
CY2023Q3 us-gaap Debt Current
DebtCurrent
70636000
CY2023Q3 avt Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
3115724000
CY2023Q3 avt Debt Instrument Carrying Amount Noncurrent
DebtInstrumentCarryingAmountNoncurrent
3002352000
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
13821000
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
14323000
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3101903000
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2988029000
CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
3170000000
CY2023Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
3050000000.00
CY2023Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
3060000000.00
CY2023Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
2980000000
CY2023Q3 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P15Y
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
15539000
CY2022Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
16566000
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
7167000
CY2022Q4 us-gaap Variable Lease Cost
VariableLeaseCost
6313000
CY2023Q3 us-gaap Lease Cost
LeaseCost
22706000
CY2022Q4 us-gaap Lease Cost
LeaseCost
22879000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
46377000
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y6M
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.039
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
13856000
CY2022Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
14062000
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
15132000
CY2022Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
20796000
CY2023Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
27000000.0
CY2023Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
291500000
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.31
CY2023Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
28300000
CY2023Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
22700000
CY2023Q3 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
22700000
CY2023Q3 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
86500000
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.240
CY2022Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.250
CY2023Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2563000
CY2022Q4 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3004000
CY2023Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
6145000
CY2022Q4 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
6682000
CY2023Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
9985000
CY2022Q4 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
12215000
CY2023Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1000
CY2022Q4 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
1000
CY2023Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-56000
CY2022Q4 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-617000
CY2023Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-1220000
CY2022Q4 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-1911000
CY2023Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
600000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
209268000
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
184261000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
91495000
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
94051000
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1683000
CY2022Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1585000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93178000
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
95636000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.29
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.96
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.25
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.93
CY2023Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
13967000
CY2022Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
11916000
CY2023Q3 avt Unsettled Repurchases Of Common Stock
UnsettledRepurchasesOfCommonStock
2718000
CY2022Q4 avt Unsettled Repurchases Of Common Stock
UnsettledRepurchasesOfCommonStock
4449000
CY2023Q3 us-gaap Interest Paid Net
InterestPaidNet
81446000
CY2022Q4 us-gaap Interest Paid Net
InterestPaidNet
32855000
CY2023Q3 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
78357000
CY2022Q4 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
57426000
CY2023Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
11400000
CY2023Q3 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
3700000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6335648000
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6750133000
CY2023Q3 avt Restructuring Integration And Other Charges
RestructuringIntegrationAndOtherCharges
7051000
CY2023Q3 avt Amortization Of Acquired Intangible Assets And Other
AmortizationOfAcquiredIntangibleAssetsAndOther
878000
CY2022Q4 avt Amortization Of Acquired Intangible Assets And Other
AmortizationOfAcquiredIntangibleAssetsAndOther
2759000
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
253769000
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
290537000
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6335648000
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6750133000
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
16011000
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
2678000
CY2023Q3 us-gaap Payments For Restructuring
PaymentsForRestructuring
196000
CY2023Q3 us-gaap Restructuring Reserve Translation And Other Adjustment
RestructuringReserveTranslationAndOtherAdjustment
-221000
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
18272000

Files In Submission

Name View Source Status
avt-20230930_lab.xml Edgar Link unprocessable
0000008858-23-000039-index-headers.html Edgar Link pending
0000008858-23-000039-index.html Edgar Link pending
0000008858-23-000039.txt Edgar Link pending
0000008858-23-000039-xbrl.zip Edgar Link pending
avt-20230930.xsd Edgar Link pending
avt-20230930x10q.htm Edgar Link pending
avt-20230930xex10d1.htm Edgar Link pending
avt-20230930xex31d1.htm Edgar Link pending
avt-20230930xex31d2.htm Edgar Link pending
avt-20230930xex32d1.htm Edgar Link pending
avt-20230930xex32d2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
avt-20230930_cal.xml Edgar Link unprocessable
avt-20230930_def.xml Edgar Link unprocessable
avt-20230930_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
avt-20230930x10q_htm.xml Edgar Link completed
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending