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10-Q Filing

ARROW ELECTRONICS, INC. CIK: 7536 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001650030-18-000007
Period End Date 20180331
Filing Date 20180503
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance arw-20180331.xml
Filing Contents
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $534.32M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $730.08M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $548.64M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $521.56M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $8.13B USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $7.38B USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 160.00M shares Point-in-time
Inventories InventoryNet $3.57B USD Point-in-time
Inventories InventoryNet $3.30B USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 160.00M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 125.42M shares Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 125.42M shares Point-in-time
Other current assets OtherAssetsCurrent $267.40M USD Point-in-time
Other current assets OtherAssetsCurrent $256.03M USD Point-in-time
Treasury Stock, Shares TreasuryStockShares 37.80M shares Point-in-time
Treasury Stock, Shares TreasuryStockShares 37.73M shares Point-in-time
Total current assets AssetsCurrent $11.77B USD Point-in-time
Total current assets AssetsCurrent $12.41B USD Point-in-time
Land Land $12.87M USD Point-in-time
Land Land $13.29M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $163.90M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $160.66M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.33B USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.36B USD Point-in-time
Property, plant, and equipment, gross PropertyPlantAndEquipmentGross $1.50B USD Point-in-time
Property, plant, and equipment, gross PropertyPlantAndEquipmentGross $1.54B USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $665.78M USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $690.01M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $849.87M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $838.48M USD Point-in-time
Investments in affiliated companies EquityMethodInvestments $88.35M USD Point-in-time
Investments in affiliated companies EquityMethodInvestments $88.17M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $348.38M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $286.21M USD Point-in-time
Goodwill Goodwill $2.70B USD Point-in-time
Goodwill Goodwill $2.47B USD Point-in-time
Other assets OtherAssetsNoncurrent $361.97M USD Point-in-time
Other assets OtherAssetsNoncurrent $367.64M USD Point-in-time
Total assets Assets $16.12B USD Point-in-time
Total assets Assets $16.46B USD Point-in-time
Accounts payable AccountsPayableCurrent $6.11B USD Point-in-time
Accounts payable AccountsPayableCurrent $6.76B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $841.67M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $806.12M USD Point-in-time
Short-term borrowings, including current portion of long-term debt DebtCurrent $38.22M USD Point-in-time
Short-term borrowings, including current portion of long-term debt DebtCurrent $356.81M USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.96B USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.96B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.93B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $3.53B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $572.97M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $487.85M USD Point-in-time
Issued - 125,424 shares in both 2018 and 2017 CommonStockValue $125.42M USD Point-in-time
Issued - 125,424 shares in both 2018 and 2017 CommonStockValue $125.42M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.11B USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.11B USD Point-in-time
Treasury stock (37,804 and 37,733 shares in 2018 and 2017, respectively), at cost TreasuryStockValue $1.76B USD Point-in-time
Treasury stock (37,804 and 37,733 shares in 2018 and 2017, respectively), at cost TreasuryStockValue $1.79B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $5.60B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $5.76B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-101.50M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-124.88M USD Point-in-time
Total shareholders' equity StockholdersEquity $4.95B USD Point-in-time
Total shareholders' equity StockholdersEquity $5.10B USD Point-in-time
Noncontrolling interests MinorityInterest $48.69M USD Point-in-time
Noncontrolling interests MinorityInterest $49.21M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.15B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.00B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $16.12B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $16.46B USD Point-in-time
Income Statement 60 line items
Line Item Tag Value Unit Period
Sales SalesRevenueNet $6.86B USD 1 Quarter
Sales SalesRevenueNet $5.74B USD 1 Quarter
Sales SalesRevenueNet $26.55B USD Annual
Sales SalesRevenueNet $7.54B USD 1 Quarter
Sales SalesRevenueNet $6.88B USD 1 Quarter
Sales SalesRevenueNet $6.42B USD 1 Quarter
Cost of sales CostOfRevenue $4.98B USD 1 Quarter
Cost of sales CostOfRevenue $5.60B USD 1 Quarter
Cost of sales CostOfRevenue $6.61B USD 1 Quarter
Cost of sales CostOfRevenue $6.01B USD 1 Quarter
Cost of sales CostOfRevenue $6.01B USD 1 Quarter
Cost of sales CostOfRevenue $23.20B USD Annual
Gross Profit GrossProfit $868.94M USD 1 Quarter
Gross Profit GrossProfit $761.20M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $562.97M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $515.53M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.25M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $37.14M USD 1 Quarter
Loss on disposition of businesses, net AssetImpairmentCharges $1.56M USD 1 Quarter
Loss on disposition of businesses, net AssetImpairmentCharges - USD 1 Quarter
Restructuring, integration, and other charges RestructuringCharges $21.17M USD 1 Quarter
Restructuring, integration, and other charges RestructuringCharges $15.51M USD 1 Quarter
Total operating expenses CostsAndExpenses $632.95M USD 1 Quarter
Total operating expenses CostsAndExpenses $568.17M USD 1 Quarter
Operating income OperatingIncomeLoss $235.44M USD 1 Quarter
Operating income OperatingIncomeLoss $286.82M USD 1 Quarter
Operating income OperatingIncomeLoss $230.45M USD 1 Quarter
Operating income OperatingIncomeLoss $236.00M USD 1 Quarter
Operating income OperatingIncomeLoss $193.03M USD 1 Quarter
Operating income OperatingIncomeLoss $945.74M USD Annual
Equity in earnings (losses) of affiliated companies IncomeLossFromEquityMethodInvestments $925.00K USD 1 Quarter
Equity in earnings (losses) of affiliated companies IncomeLossFromEquityMethodInvestments $-673.00K USD 1 Quarter
Gain (loss) on investments, net GainLossOnInvestments $1.98M USD 1 Quarter
Gain (loss) on investments, net GainLossOnInvestments $-2.45M USD 1 Quarter
Post-retirement expense Postretirementexpense $1.80M USD 1 Quarter
Post-retirement expense Postretirementexpense $1.23M USD 1 Quarter
Interest and other financing expense, net InterestIncomeExpenseNet $-45.18M USD 1 Quarter
Interest and other financing expense, net InterestIncomeExpenseNet $-38.25M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $186.46M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $155.88M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $46.59M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $39.56M USD 1 Quarter
Consolidated net income ProfitLoss $139.87M USD 1 Quarter
Consolidated net income ProfitLoss $116.32M USD 1 Quarter
Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.58M USD 1 Quarter
Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $776.00K USD 1 Quarter
Net income attributable to shareholders NetIncomeLoss $114.74M USD 1 Quarter
Net income attributable to shareholders NetIncomeLoss $402.18M USD Annual
Net income attributable to shareholders NetIncomeLoss $139.09M USD 1 Quarter
Net income attributable to shareholders NetIncomeLoss $53.65M USD 1 Quarter
Net income attributable to shareholders NetIncomeLoss $134.06M USD 1 Quarter
Net income attributable to shareholders NetIncomeLoss $99.72M USD 1 Quarter
Basic EarningsPerShareBasic $1.58 USD 1 Quarter
Basic EarningsPerShareBasic $1.29 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.56 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.27 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 87.95M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 89.26M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 89.03M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 90.54M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $139.87M USD 1 Quarter
Consolidated net income ProfitLoss $116.32M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.25M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $37.14M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $12.99M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $11.57M USD 1 Quarter
Equity in earnings (losses) of affiliated companies IncomeLossFromEquityMethodInvestments $925.00K USD 1 Quarter
Equity in earnings (losses) of affiliated companies IncomeLossFromEquityMethodInvestments $-673.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-2.82M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $13.94M USD 1 Quarter
Other OtherNoncashIncomeExpense $-1.45M USD 1 Quarter
Other OtherNoncashIncomeExpense $-5.92M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-948.62M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-789.84M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $38.19M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $260.62M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-982.36M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-691.82M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-93.86M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-22.09M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $34.60M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $94.28M USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-20.89M USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-75.08M USD 1 Quarter
Cash consideration paid for acquired businesses PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Cash consideration paid for acquired businesses PaymentsToAcquireBusinessesNetOfCashAcquired $331.47M USD 1 Quarter
Proceeds from disposition businesses ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets $34.29M USD 1 Quarter
Proceeds from disposition businesses ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets - USD 1 Quarter
Acquisition of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $34.73M USD 1 Quarter
Acquisition of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $62.12M USD 1 Quarter
Proceeds from sale of property, plant, and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from sale of property, plant, and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $7.89M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $4.50M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-336.41M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-54.23M USD 1 Quarter
Change in short-term and other borrowings ProceedsFromRepaymentsOfShortTermDebt $76.40M USD 1 Quarter
Change in short-term and other borrowings ProceedsFromRepaymentsOfShortTermDebt $-18.38M USD 1 Quarter
Proceeds from long-term bank borrowings, net ProceedsFromRepaymentsOfLinesOfCredit $62.50M USD 1 Quarter
Proceeds from long-term bank borrowings, net ProceedsFromRepaymentsOfLinesOfCredit $601.39M USD 1 Quarter
Redemption of notes RedemptionofNotes $-300.00M USD 1 Quarter
Redemption of notes RedemptionofNotes - USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $4.99M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $17.26M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $52.51M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $68.85M USD 1 Quarter
Purchase of shares from noncontrolling interest PaymentsToAcquireAdditionalInterestInSubsidiaries - USD 1 Quarter
Purchase of shares from noncontrolling interest PaymentsToAcquireAdditionalInterestInSubsidiaries $23.35M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $235.48M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $63.96M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-5.43M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-1.60M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-181.44M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-12.76M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $534.32M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $730.08M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $548.64M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $521.56M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $534.32M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $730.08M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $548.64M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $521.56M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $139.87M USD 1 Quarter
Consolidated net income ProfitLoss $116.32M USD 1 Quarter
Foreign currency translation adjustment and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $44.97M USD 1 Quarter
Foreign currency translation adjustment and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $36.83M USD 1 Quarter
Unrealized gain on investment securities, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Unrealized gain on investment securities, net OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $1.73M USD 1 Quarter
Unrealized gain on interest rate swaps designated as cash flow hedges, net OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $228.00K USD 1 Quarter
Unrealized gain on interest rate swaps designated as cash flow hedges, net OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $97.00K USD 1 Quarter
Employee benefit plan items, net OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-282.00K USD 1 Quarter
Employee benefit plan items, net OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-406.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $39.06M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $45.48M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $185.35M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $155.38M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $2.17M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $523.00K USD 1 Quarter
Comprehensive income attributable to shareholders ComprehensiveIncomeNetOfTax $153.21M USD 1 Quarter
Comprehensive income attributable to shareholders ComprehensiveIncomeNetOfTax $184.83M USD 1 Quarter

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

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