$AVT
AVNET INC

2024 Q2 Form 10-Q Financial Statement

#000000885824000020 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $5.563B $5.654B
YoY Change -14.61%
Cost Of Revenue $4.920B $4.984B
YoY Change -13.72%
Gross Profit $642.9M $669.3M
YoY Change -20.81%
Gross Profit Margin 11.56% 11.84%
Selling, General & Admin $450.3M $467.3M
YoY Change -9.62%
% of Gross Profit 70.04% 69.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.56M $21.42M
YoY Change 5.73%
% of Gross Profit 3.51% 3.2%
Operating Expenses $450.3M $467.3M
YoY Change -9.62%
Operating Profit $192.6M $190.2M
YoY Change -38.59%
Interest Expense -$64.27M $73.50M
YoY Change -189.65%
% of Operating Profit -33.37% 38.65%
Other Income/Expense, Net $1.408M -$14.71M
YoY Change -14.82%
Pretax Income $101.3M $101.9M
YoY Change -58.4%
Income Tax $18.66M $13.11M
% Of Pretax Income 18.41% 12.86%
Net Earnings $82.67M $88.83M
YoY Change -55.89%
Net Earnings / Revenue 1.49% 1.57%
Basic Earnings Per Share $0.98
Diluted Earnings Per Share $0.91 $0.97
COMMON SHARES
Basic Shares Outstanding 90.38M 90.36M
Diluted Shares Outstanding 91.26M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $310.9M $218.5M
YoY Change 67.23%
Cash & Equivalents $310.9M $218.5M
Short-Term Investments
Other Short-Term Assets $199.7M $200.4M
YoY Change -14.28%
Inventory $5.469B $5.752B
Prepaid Expenses
Receivables $4.391B $4.315B
Other Receivables $0.00 $0.00
Total Short-Term Assets $10.37B $10.49B
YoY Change -0.7%
LONG-TERM ASSETS
Property, Plant & Equipment $568.2M $561.6M
YoY Change 41.94%
Goodwill $781.0M $780.5M
YoY Change 1.31%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $280.5M $277.8M
YoY Change 3.23%
Total Long-Term Assets $1.839B $1.839B
YoY Change 10.37%
TOTAL ASSETS
Total Short-Term Assets $10.37B $10.49B
Total Long-Term Assets $1.839B $1.839B
Total Assets $12.21B $12.33B
YoY Change 0.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.346B $3.324B
YoY Change 6.65%
Accrued Expenses $573.1M $565.0M
YoY Change -18.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $492.7M $548.5M
YoY Change 545.46%
Total Short-Term Liabilities $4.465B $4.493B
YoY Change 12.48%
LONG-TERM LIABILITIES
Long-Term Debt $2.407B $2.406B
YoY Change -20.65%
Other Long-Term Liabilities $237.9M $253.6M
YoY Change -14.62%
Total Long-Term Liabilities $2.644B $2.660B
YoY Change -20.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.465B $4.493B
Total Long-Term Liabilities $2.644B $2.660B
Total Liabilities $7.284B $7.336B
YoY Change -2.54%
SHAREHOLDERS EQUITY
Retained Earnings $3.602B $3.625B
YoY Change 10.83%
Common Stock $1.810B $1.800B
YoY Change 2.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.926B $4.989B
YoY Change
Total Liabilities & Shareholders Equity $12.21B $12.33B
YoY Change 0.82%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $82.67M $88.83M
YoY Change -55.89%
Depreciation, Depletion And Amortization $22.56M $21.42M
YoY Change 5.73%
Cash From Operating Activities $274.3M $499.3M
YoY Change 1401.94%
INVESTING ACTIVITIES
Capital Expenditures $26.27M $42.12M
YoY Change -0.38%
Acquisitions
YoY Change
Other Investing Activities $365.0K $256.0K
YoY Change -876.6%
Cash From Investing Activities -$25.90M -$41.87M
YoY Change -1.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -149.3M -507.1M
YoY Change 11.36%
NET CHANGE
Cash From Operating Activities 274.3M 499.3M
Cash From Investing Activities -25.90M -41.87M
Cash From Financing Activities -149.3M -507.1M
Net Change In Cash 99.04M -49.65M
YoY Change -169.63%
FREE CASH FLOW
Cash From Operating Activities $274.3M $499.3M
Capital Expenditures $26.27M $42.12M
Free Cash Flow $248.0M $457.2M
YoY Change -3158.53%

Facts In Submission

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R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
avt-20240330_cal.xml Edgar Link unprocessable