10-Q Filing

AVNET INC CIK: 8858 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-15-002060`
Period End Date	20150930
Filing Date	20151030
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	avt-20151003.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 33 Cash Flow Statement 53 Comprehensive Income 8

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable, current (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$80.72M	USD	Point-in-time
Allowance for doubtful accounts receivable, current (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$76.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$932.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$824.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$928.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$814.37M	USD	Point-in-time
Receivables, less allowances of $76,376 and $80,721, respectively	`AccountsReceivableNetCurrent`	$5.05B	USD	Point-in-time
Receivables, less allowances of $76,376 and $80,721, respectively	`AccountsReceivableNetCurrent`	$4.90B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Inventories	`InventoryNet`	$2.81B	USD	Point-in-time
Inventories	`InventoryNet`	$2.48B	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$173.03M	USD	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	132.17M	shares	Point-in-time
Common stock, shares, issued	`CommonStockSharesIssued`	135.50M	shares	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$181.57M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.71B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.64B	USD	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	30,473.00	shares	Point-in-time
Treasury Stock, shares	`TreasuryStockShares`	31,901.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$579.47M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$568.78M	USD	Point-in-time
Goodwill	`Goodwill`	$1.28B	USD	Point-in-time
Goodwill	`Goodwill`	$1.27B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$90.91M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$99.73M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$213.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$210.61M	USD	Point-in-time
Total assets	`Assets`	$10.80B	USD	Point-in-time
Total assets	`Assets`	$10.86B	USD	Point-in-time
Short-term debt	`DebtCurrent`	$331.12M	USD	Point-in-time
Short-term debt	`DebtCurrent`	$1.04B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.34B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.34B	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$584.00M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$603.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.96B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.27B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.08B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.65B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$197.18M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$196.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.11B	USD	Point-in-time
Total liabilities	`Liabilities`	$6.23B	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock $1.00 par; authorized 300,000,000 shares; issued 132,174,142 and 135,496,472 shares, respectively	`CommonStockValue`	$132.17M	USD	Point-in-time
Common stock $1.00 par; authorized 300,000,000 shares; issued 132,174,142 and 135,496,472 shares, respectively	`CommonStockValue`	$135.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.43B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.41B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.58B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.55B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-441.04M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-479.22M	USD	Point-in-time
Treasury stock at cost, 30,473 and 31,901 shares, respectively	`TreasuryStockValue`	$458.00K	USD	Point-in-time
Treasury stock at cost, 30,473 and 31,901 shares, respectively	`TreasuryStockValue`	$397.00K	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.63B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$4.69B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$10.86B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$10.80B	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$6.97B	USD	1 Quarter
Sales	`SalesRevenueNet`	$6.84B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$6.18B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$6.04B	USD	1 Quarter
Gross profit	`GrossProfit`	$791.48M	USD	1 Quarter
Gross profit	`GrossProfit`	$795.46M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$558.56M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$583.95M	USD	1 Quarter
Restructuring, integration and other expenses	`RestructuringIntegrationAndOtherCharges`	$25.96M	USD	1 Quarter
Restructuring, integration and other expenses	`RestructuringIntegrationAndOtherCharges`	$18.32M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$206.96M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$193.20M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.49M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-5.85M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$177.51M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$168.30M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$40.36M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$47.25M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$130.25M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$127.95M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.93	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.91	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	138.31M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	133.78M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	136.33M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	140.85M	shares	1 Quarter
Cash dividends paid per common share	`CommonStockDividendsPerShareCashPaid`	$0.17	USD	Point-in-time
Cash dividends paid per common share	`CommonStockDividendsPerShareCashPaid`	$0.17	USD	1 Quarter
Cash dividends paid per common share	`CommonStockDividendsPerShareCashPaid`	$0.16	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$130.25M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$127.95M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$23.13M	USD	1 Quarter
Depreciation	`DepreciationNonproduction`	$23.68M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$11.56M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$6.93M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$10.29M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.38M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$21.70M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$24.35M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-17.71M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-16.49M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-105.25M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-41.52M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$324.51M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$165.85M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$18.14M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-28.84M	USD	1 Quarter
Accrued expenses and other, net	`IncreaseDecreaseInAccruedLiabilities`	$-37.70M	USD	1 Quarter
Accrued expenses and other, net	`IncreaseDecreaseInAccruedLiabilities`	$-99.83M	USD	1 Quarter
Net cash flows used for operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-33.74M	USD	1 Quarter
Net cash flows used for operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-40.66M	USD	1 Quarter
Repayment of notes	`RepaymentsOfUnsecuredDebt`	$250.00M	USD	1 Quarter
(Repayments) borrowings under accounts receivable securitization program, net	`ProceedsFromRepaymentsOfAccountsReceivableSecuritization`	$-33.00M	USD	1 Quarter
(Repayments) borrowings under accounts receivable securitization program, net	`ProceedsFromRepaymentsOfAccountsReceivableSecuritization`	$60.00M	USD	1 Quarter
Borrowings (repayments) of bank and revolving debt, net	`ProceedsFromRepaymentsOfDebt`	$418.55M	USD	1 Quarter
Borrowings (repayments) of bank and revolving debt, net	`ProceedsFromRepaymentsOfDebt`	$-41.95M	USD	1 Quarter
Repurchases of common stock (Note 9)	`PaymentsForRepurchaseOfCommonStock`	$143.72M	USD	1 Quarter
Repurchases of common stock (Note 9)	`PaymentsForRepurchaseOfCommonStock`	$12.26M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$22.12M	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$22.61M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.50M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.05M	USD	1 Quarter
Net cash flows used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-33.29M	USD	1 Quarter
Net cash flows used for financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-18.39M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$36.58M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.99M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$39.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.16M	USD	1 Quarter
Net cash flows used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-32.03M	USD	1 Quarter
Net cash flows used for investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-34.42M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-21.13M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-8.80M	USD	1 Quarter
(decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-107.86M	USD	1 Quarter
(decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-114.60M	USD	1 Quarter
at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$932.55M	USD	Point-in-time
at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$824.70M	USD	Point-in-time
at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$928.97M	USD	Point-in-time
at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$814.37M	USD	Point-in-time
at end of period	`CashAndCashEquivalentsAtCarryingValue`	$932.55M	USD	Point-in-time
at end of period	`CashAndCashEquivalentsAtCarryingValue`	$824.70M	USD	Point-in-time
at end of period	`CashAndCashEquivalentsAtCarryingValue`	$928.97M	USD	Point-in-time
at end of period	`CashAndCashEquivalentsAtCarryingValue`	$814.37M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$130.25M	USD	1 Quarter
Net income	`NetIncomeLossAvailableToCommonStockholdersBasic`	$127.95M	USD	1 Quarter
Foreign currency translation adjustments and other	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-40.25M	USD	1 Quarter
Foreign currency translation adjustments and other	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-205.73M	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-1.78M	USD	1 Quarter
Pension adjustments, net	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.07M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-76.00M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$92.07M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.