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10-Q Filing

ARROW ELECTRONICS, INC. CIK: 7536 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001666359-19-000002
Period End Date 20190331
Filing Date 20190502
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance arw03301910-q_htm.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $730.08M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $351.90M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $548.64M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $509.33M USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $7.90B USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $8.95B USD Point-in-time
Inventories InventoryNet $3.73B USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 160.00M shares Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 160.00M shares Point-in-time
Inventories InventoryNet $3.88B USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 125.42M shares Point-in-time
Other current assets OtherAssetsCurrent $274.83M USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 125.42M shares Point-in-time
Other current assets OtherAssetsCurrent $264.56M USD Point-in-time
Total current assets AssetsCurrent $12.25B USD Point-in-time
Treasury Stock, Shares TreasuryStockShares 40.23M shares Point-in-time
Total current assets AssetsCurrent $13.61B USD Point-in-time
Treasury Stock, Shares TreasuryStockShares 40.25M shares Point-in-time
Land Land $7.84M USD Point-in-time
Land Land $7.88M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $158.71M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $157.33M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.43B USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.43B USD Point-in-time
Property, plant, and equipment, gross PropertyPlantAndEquipmentGross $1.59B USD Point-in-time
Property, plant, and equipment, gross PropertyPlantAndEquipmentGross $1.59B USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $767.83M USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $774.33M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $824.70M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $819.60M USD Point-in-time
Investments in affiliated companies EquityMethodInvestments $85.30M USD Point-in-time
Investments in affiliated companies EquityMethodInvestments $83.69M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $369.29M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $372.64M USD Point-in-time
Goodwill Goodwill $2.62B USD Point-in-time
Goodwill Goodwill $2.63B USD Point-in-time
Other assets OtherAssetsNoncurrent $670.23M USD Point-in-time
Other assets OtherAssetsNoncurrent $270.42M USD Point-in-time
Total assets Assets $16.83B USD Point-in-time
Total assets Assets $17.78B USD Point-in-time
Accounts payable AccountsPayableCurrent $7.63B USD Point-in-time
Accounts payable AccountsPayableCurrent $6.03B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $912.29M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $860.98M USD Point-in-time
Short-term borrowings, including current portion of long-term debt DebtCurrent $138.69M USD Point-in-time
Short-term borrowings, including current portion of long-term debt DebtCurrent $246.26M USD Point-in-time
Total current liabilities LiabilitiesCurrent $8.79B USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.03B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $3.24B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $3.58B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $378.54M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $719.33M USD Point-in-time
Issued - 125,424 shares in both 2019 and 2018, respectively CommonStockValue $125.42M USD Point-in-time
Issued - 125,424 shares in both 2019 and 2018, respectively CommonStockValue $125.42M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.13B USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.14B USD Point-in-time
Treasury stock (40,251 and 40,233 shares in 2019 and 2018, respectively), at cost TreasuryStockValue $1.97B USD Point-in-time
Treasury stock (40,251 and 40,233 shares in 2019 and 2018, respectively), at cost TreasuryStockValue $1.99B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.34B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.48B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-299.45M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-288.27M USD Point-in-time
Total shareholders' equity StockholdersEquity $5.32B USD Point-in-time
Total shareholders' equity StockholdersEquity $5.45B USD Point-in-time
Noncontrolling interests MinorityInterest $51.38M USD Point-in-time
Noncontrolling interests MinorityInterest $52.41M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.50B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.15B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.38B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.00B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $17.78B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $16.83B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Sales Revenues $7.16B USD 1 Quarter
Sales Revenues $6.88B USD 1 Quarter
Cost of sales CostOfRevenue $6.29B USD 1 Quarter
Cost of sales CostOfRevenue $6.01B USD 1 Quarter
Gross profit GrossProfit $861.69M USD 1 Quarter
Gross profit GrossProfit $868.94M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $556.08M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $562.97M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.53M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.25M USD 1 Quarter
Loss on disposition of businesses, net GainLossOnSaleOfBusiness $-1.56M USD 1 Quarter
Loss on disposition of businesses, net GainLossOnSaleOfBusiness $-866.00K USD 1 Quarter
Restructuring, integration, and other charges RestructuringAndRelatedCostIncurredCost $21.17M USD 1 Quarter
Restructuring, integration, and other charges RestructuringAndRelatedCostIncurredCost $11.66M USD 1 Quarter
Total operating expenses CostsAndExpenses $616.13M USD 1 Quarter
Total operating expenses CostsAndExpenses $632.95M USD 1 Quarter
Operating income OperatingIncomeLoss $236.00M USD 1 Quarter
Operating income OperatingIncomeLoss $245.56M USD 1 Quarter
Equity in losses of affiliated companies IncomeLossFromEquityMethodInvestments $-673.00K USD 1 Quarter
Equity in losses of affiliated companies IncomeLossFromEquityMethodInvestments $-1.47M USD 1 Quarter
Gain (loss) on investments, net GainLossOnInvestments $-2.45M USD 1 Quarter
Gain (loss) on investments, net GainLossOnInvestments $5.35M USD 1 Quarter
Employee benefit plan expense NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $1.23M USD 1 Quarter
Employee benefit plan expense NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $1.14M USD 1 Quarter
Interest and other financing expense, net InterestIncomeExpenseNet $-51.98M USD 1 Quarter
Interest and other financing expense, net InterestIncomeExpenseNet $-45.18M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $186.46M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $196.32M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $53.91M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $46.59M USD 1 Quarter
Consolidated net income ProfitLoss $139.87M USD 1 Quarter
Consolidated net income ProfitLoss $142.41M USD 1 Quarter
Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $776.00K USD 1 Quarter
Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.68M USD 1 Quarter
Net income attributable to shareholders NetIncomeLoss $140.74M USD 1 Quarter
Net income attributable to shareholders NetIncomeLoss $139.09M USD 1 Quarter
Basic EarningsPerShareBasic $1.65 USD 1 Quarter
Basic EarningsPerShareBasic $1.58 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.63 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.56 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 87.95M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 85.40M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 89.03M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 86.32M shares 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $139.87M USD 1 Quarter
Consolidated net income ProfitLoss $142.41M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.53M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.25M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $19.09M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $13.04M USD 1 Quarter
Equity in losses of affiliated companies IncomeLossFromEquityMethodInvestments $-673.00K USD 1 Quarter
Equity in losses of affiliated companies IncomeLossFromEquityMethodInvestments $-1.47M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $6.97M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-2.82M USD 1 Quarter
(Gain) loss on investments, net UnrealizedGainLossOnInvestments $5.35M USD 1 Quarter
(Gain) loss on investments, net UnrealizedGainLossOnInvestments $-2.45M USD 1 Quarter
Other OtherNoncashIncomeExpense $-3.46M USD 1 Quarter
Other OtherNoncashIncomeExpense $-5.58M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-789.84M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-949.99M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-134.40M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $260.62M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-691.82M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.54B USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-22.09M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-50.29M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $94.33M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $40.78M USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-75.08M USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-329.00M USD 1 Quarter
Cash consideration paid for acquired businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $331.47M USD 1 Quarter
Cash consideration paid for acquired businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Proceeds from disposition of businesses ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets $34.29M USD 1 Quarter
Proceeds from disposition of businesses ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets - USD 1 Quarter
Acquisition of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $33.81M USD 1 Quarter
Acquisition of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $34.73M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $4.50M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-2.94M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-30.88M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-336.41M USD 1 Quarter
Change in short-term and other borrowings ProceedsFromRepaymentsOfShortTermDebt $-18.39M USD 1 Quarter
Change in short-term and other borrowings ProceedsFromRepaymentsOfShortTermDebt $-107.24M USD 1 Quarter
Proceeds from long-term bank borrowings, net ProceedsFromRepaymentsOfLinesOfCredit $601.39M USD 1 Quarter
Proceeds from long-term bank borrowings, net ProceedsFromRepaymentsOfLinesOfCredit $335.02M 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 $6.93M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $5.00M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $53.92M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $52.51M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $180.78M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $235.48M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-5.43M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $21.66M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-157.43M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-181.44M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $730.08M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $351.90M 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 $509.33M 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 $351.90M 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 $509.33M USD Point-in-time
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.50B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.15B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.38B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.00B USD Point-in-time
Effect of new accounting principles CumulativeEffectOnRetainedEarningsNetOfTax1 - USD 1 Quarter
Consolidated net income ProfitLoss $139.87M USD 1 Quarter
Consolidated net income ProfitLoss $142.41M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $10.53M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $45.48M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $19.09M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $13.04M USD 1 Quarter
Shares issued for stock-based compensation awards StockGrantedDuringPeriodValueSharebasedCompensationGross $6.93M USD 1 Quarter
Shares issued for stock-based compensation awards StockGrantedDuringPeriodValueSharebasedCompensationGross $5.00M USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $52.51M USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $53.92M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.50B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.15B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.38B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.00B 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 $142.41M USD 1 Quarter
Foreign currency translation adjustment and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $44.97M USD 1 Quarter
Foreign currency translation adjustment and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $4.44M USD 1 Quarter
Unrealized gain on foreign exchange contracts designated as net investment hedges, net of taxes TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease $5.53M USD 1 Quarter
Unrealized gain on foreign exchange contracts designated as net investment hedges, net of taxes TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease - USD 1 Quarter
Unrealized gain on interest rate swaps designated as cash flow hedges, net of taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $228.00K USD 1 Quarter
Unrealized gain on interest rate swaps designated as cash flow hedges, net of taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $240.00K USD 1 Quarter
Employee benefit plan items, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-282.00K USD 1 Quarter
Employee benefit plan items, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-319.00K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $10.53M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $45.48M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $152.95M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $185.35M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.03M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $523.00K USD 1 Quarter
Comprehensive income attributable to shareholders ComprehensiveIncomeNetOfTax $151.92M 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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