$AVT
AVNET INC

2024 Q1 Form 10-Q Financial Statement

#000000885824000008 Filed on February 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $5.654B $6.205B
YoY Change -8.08%
Cost Of Revenue $4.984B $5.499B
YoY Change -8.08%
Gross Profit $669.3M $706.2M
YoY Change -8.07%
Gross Profit Margin 11.84% 11.38%
Selling, General & Admin $467.3M $464.7M
YoY Change -2.71%
% of Gross Profit 69.82% 65.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $21.42M $22.13M
YoY Change -1.2%
% of Gross Profit 3.2% 3.13%
Operating Expenses $467.3M $464.7M
YoY Change -2.71%
Operating Profit $190.2M $236.3M
YoY Change -18.68%
Interest Expense $73.50M $74.30M
YoY Change 64.76%
% of Operating Profit 38.65% 31.45%
Other Income/Expense, Net -$14.71M -$8.397M
YoY Change -2699.69%
Pretax Income $101.9M $153.6M
YoY Change -37.52%
Income Tax $13.11M $35.63M
% Of Pretax Income 12.86% 23.2%
Net Earnings $88.83M $117.9M
YoY Change -36.0%
Net Earnings / Revenue 1.57% 1.9%
Basic Earnings Per Share $0.98 $1.31
Diluted Earnings Per Share $0.97 $1.28
COMMON SHARES
Basic Shares Outstanding 90.36M 90.49M
Diluted Shares Outstanding 91.26M 91.79M

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $218.5M $272.9M
YoY Change 237.35%
Cash & Equivalents $218.5M $272.9M
Short-Term Investments
Other Short-Term Assets $200.4M $241.4M
YoY Change 31.88%
Inventory $5.752B $6.116B
Prepaid Expenses
Receivables $4.315B $4.509B
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.49B $11.14B
YoY Change 17.13%
LONG-TERM ASSETS
Property, Plant & Equipment $561.6M $563.8M
YoY Change 87.88%
Goodwill $780.5M $787.0M
YoY Change 11.82%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $277.8M $280.3M
YoY Change 23.13%
Total Long-Term Assets $1.839B $1.858B
YoY Change 27.41%
TOTAL ASSETS
Total Short-Term Assets $10.49B $11.14B
Total Long-Term Assets $1.839B $1.858B
Total Assets $12.33B $13.00B
YoY Change 18.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.324B $3.308B
YoY Change -4.57%
Accrued Expenses $565.0M $705.7M
YoY Change 12.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $548.5M $696.3M
YoY Change 35.74%
Total Short-Term Liabilities $4.493B $4.766B
YoY Change 2.28%
LONG-TERM LIABILITIES
Long-Term Debt $2.406B $2.754B
YoY Change 50.84%
Other Long-Term Liabilities $253.6M $276.2M
YoY Change 3.27%
Total Long-Term Liabilities $2.660B $3.030B
YoY Change 44.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.493B $4.766B
Total Long-Term Liabilities $2.660B $3.030B
Total Liabilities $7.336B $7.987B
YoY Change 14.93%
SHAREHOLDERS EQUITY
Retained Earnings $3.625B $3.564B
YoY Change 21.47%
Common Stock $1.800B $1.804B
YoY Change 2.59%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.989B $5.010B
YoY Change
Total Liabilities & Shareholders Equity $12.33B $13.00B
YoY Change 18.5%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $88.83M $117.9M
YoY Change -36.0%
Depreciation, Depletion And Amortization $21.42M $22.13M
YoY Change -1.2%
Cash From Operating Activities $499.3M -$42.28M
YoY Change -93.45%
INVESTING ACTIVITIES
Capital Expenditures $42.12M $81.99M
YoY Change 190.66%
Acquisitions
YoY Change
Other Investing Activities $256.0K $73.00K
YoY Change -101.0%
Cash From Investing Activities -$41.87M -$81.92M
YoY Change 291.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -507.1M 122.4M
YoY Change -79.2%
NET CHANGE
Cash From Operating Activities 499.3M -42.28M
Cash From Investing Activities -41.87M -81.92M
Cash From Financing Activities -507.1M 122.4M
Net Change In Cash -49.65M -1.791M
YoY Change -97.54%
FREE CASH FLOW
Cash From Operating Activities $499.3M -$42.28M
Capital Expenditures $42.12M $81.99M
Free Cash Flow $457.2M -$124.3M
YoY Change -81.55%

Facts In Submission

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