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10-Q Filing

ARROW ELECTRONICS, INC. CIK: 7536 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001733391-21-000004
Period End Date 20210331
Filing Date 20210506
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance arw-20210403_htm.xml
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $201.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $227.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $373.62M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $300.10M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $8.50B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $9.21B USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Inventories InventoryNet $3.29B USD Point-in-time
Inventories InventoryNet $3.28B 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
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 $286.63M USD Point-in-time
Other current assets OtherAssetsCurrent $360.97M USD Point-in-time
Treasury stock, shares at cost TreasuryStockShares 50.58M shares Point-in-time
Treasury stock, shares at cost TreasuryStockShares 51.43M shares Point-in-time
Total current assets AssetsCurrent $12.37B USD Point-in-time
Total current assets AssetsCurrent $13.15B USD Point-in-time
Land Land $5.69M USD Point-in-time
Land Land $7.94M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $177.62M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $207.61M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.55B USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.52B USD Point-in-time
Property, plant, and equipment, gross PropertyPlantAndEquipmentGross $1.70B USD Point-in-time
Property, plant, and equipment, gross PropertyPlantAndEquipmentGross $1.77B USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $957.26M USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $969.32M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $747.54M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $799.61M USD Point-in-time
Investments in affiliated companies EquityMethodInvestments $76.36M USD Point-in-time
Investments in affiliated companies EquityMethodInvestments $77.33M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $233.82M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $223.85M USD Point-in-time
Goodwill Goodwill $2.12B USD Point-in-time
Goodwill Goodwill $2.10B USD Point-in-time
Other assets OtherAssetsNoncurrent $675.76M USD Point-in-time
Other assets OtherAssetsNoncurrent $655.84M USD Point-in-time
Total assets Assets $17.05B USD Point-in-time
Total assets Assets $16.17B USD Point-in-time
Accounts payable AccountsPayableCurrent $7.05B USD Point-in-time
Accounts payable AccountsPayableCurrent $7.94B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $985.93M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $1.03B USD Point-in-time
Short-term borrowings, including current portion of long-term debt DebtCurrent $361.33M USD Point-in-time
Short-term borrowings, including current portion of long-term debt DebtCurrent $158.63M USD Point-in-time
Total current liabilities LiabilitiesCurrent $9.13B USD Point-in-time
Total current liabilities LiabilitiesCurrent $8.39B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.10B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.90B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $676.14M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $662.25M USD Point-in-time
Commitments and contingencies (Note J) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note J) CommitmentsAndContingencies - USD Point-in-time
Issued - 125,424 shares in both 2021 and 2020 CommonStockValue $125.42M USD Point-in-time
Issued - 125,424 shares in both 2021 and 2020 CommonStockValue $125.42M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.17B USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.17B USD Point-in-time
Treasury stock (51,426 and 50,581 shares in 2021 and 2020, respectively), at cost TreasuryStockValue $2.78B USD Point-in-time
Treasury stock (51,426 and 50,581 shares in 2021 and 2020, respectively), at cost TreasuryStockValue $2.90B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.89B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.68B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-104.89M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-123.46M USD Point-in-time
Total shareholders equity StockholdersEquity $5.16B USD Point-in-time
Total shareholders equity StockholdersEquity $5.09B USD Point-in-time
Noncontrolling interests MinorityInterest $58.69M USD Point-in-time
Noncontrolling interests MinorityInterest $59.63M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.65B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.21B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.15B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.87B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $17.05B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $16.17B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Sales Revenues $6.38B USD 1 Quarter
Sales Revenues $8.39B USD 1 Quarter
Cost of sales CostOfRevenue $5.65B USD 1 Quarter
Cost of sales CostOfRevenue $7.46B USD 1 Quarter
Gross profit GrossProfit $728.39M USD 1 Quarter
Gross profit GrossProfit $930.11M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $574.57M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $533.84M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.11M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $50.33M USD 1 Quarter
Restructuring, integration, and other charges RestructuringAndRelatedCostIncurredCost $5.71M USD 1 Quarter
Restructuring, integration, and other charges RestructuringAndRelatedCostIncurredCost $9.14M USD 1 Quarter
Total operating expenses CostsAndExpenses $590.09M USD 1 Quarter
Total operating expenses CostsAndExpenses $630.61M USD 1 Quarter
Operating income OperatingIncomeLoss $299.50M USD 1 Quarter
Operating income OperatingIncomeLoss $138.30M USD 1 Quarter
Equity in earnings of affiliated companies IncomeLossFromEquityMethodInvestments $530.00K USD 1 Quarter
Equity in earnings of affiliated companies IncomeLossFromEquityMethodInvestments $844.00K USD 1 Quarter
Gain (loss) on investments, net GainLossOnInvestments $2.79M USD 1 Quarter
Gain (loss) on investments, net GainLossOnInvestments $-16.81M USD 1 Quarter
Employee benefit plan expense, net NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $1.23M USD 1 Quarter
Employee benefit plan expense, net NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $1.11M USD 1 Quarter
Interest and other financing expense, net InterestIncomeExpenseNet $-33.66M USD 1 Quarter
Interest and other financing expense, net InterestIncomeExpenseNet $-43.27M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $77.65M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $268.25M USD 1 Quarter
Income Tax Expense (Benefit) IncomeTaxExpenseBenefit $27.89M USD 1 Quarter
Income Tax Expense (Benefit) IncomeTaxExpenseBenefit $61.03M USD 1 Quarter
Consolidated net income ProfitLoss $49.76M USD 1 Quarter
Consolidated net income ProfitLoss $207.23M USD 1 Quarter
Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $907.00K USD 1 Quarter
Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $252.00K USD 1 Quarter
Net income attributable to shareholders NetIncomeLoss $49.50M USD 1 Quarter
Net income attributable to shareholders NetIncomeLoss $206.32M USD 1 Quarter
Basic EarningsPerShareBasic $2.76 USD 1 Quarter
Basic EarningsPerShareBasic $0.62 USD 1 Quarter
Diluted EarningsPerShareDiluted $2.72 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.61 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 80.41M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 74.88M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 81.11M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 75.79M shares 1 Quarter
Cash Flow Statement 58 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $49.76M USD 1 Quarter
Consolidated net income ProfitLoss $207.23M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.11M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $50.33M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $13.92M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $13.22M USD 1 Quarter
Equity in earnings of affiliated companies IncomeLossFromEquityMethodInvestments $530.00K USD 1 Quarter
Equity in earnings of affiliated companies IncomeLossFromEquityMethodInvestments $844.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $13.66M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $32.61M USD 1 Quarter
Loss (gain) on investments, net UnrealizedGainLossOnInvestments $-16.81M USD 1 Quarter
Loss (gain) on investments, net UnrealizedGainLossOnInvestments $2.79M USD 1 Quarter
Other OtherNoncashIncomeExpense $205.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-1.37M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-596.78M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-558.61M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-133.39M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $13.15M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-343.05M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-840.12M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-31.33M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $3.64M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $33.87M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $10.23M USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $466.87M USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $-4.54M USD 1 Quarter
Acquisition of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $27.97M USD 1 Quarter
Acquisition of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $20.18M USD 1 Quarter
Proceeds from sale of property, plant, and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from sale of property, plant, and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $22.17M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $5.47M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $1.99M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-33.44M USD 1 Quarter
Change in short-term and other borrowings ProceedsFromRepaymentsOfShortTermDebt $-12.45M USD 1 Quarter
Change in short-term and other borrowings ProceedsFromRepaymentsOfShortTermDebt $-84.35M USD 1 Quarter
Proceeds from (repayments of) long-term bank borrowings, net ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities $154.67M USD 1 Quarter
Proceeds from (repayments of) long-term bank borrowings, net ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities $-288.58M USD 1 Quarter
Redemption of notes PaymentsForLongTermDebt - USD 1 Quarter
Redemption of notes PaymentsForLongTermDebt $130.86M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.98M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $26.09M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $160.62M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $158.99M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-123.17M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-529.94M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-20.20M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.59M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-99.11M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-145.91M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $201.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $227.70M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $373.62M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $300.10M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $201.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $227.70M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $373.62M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $300.10M USD Point-in-time
Stockholders Equity 18 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.65B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.21B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.15B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.87B USD Point-in-time
Consolidated net income ProfitLoss $49.76M USD 1 Quarter
Consolidated net income ProfitLoss $207.23M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-20.43M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-87.52M USD 1 Quarter
Amortization of stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $13.22M USD 1 Quarter
Amortization of stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $13.92M USD 1 Quarter
Shares issued for stock-based compensation awards StockGrantedDuringPeriodValueSharebasedCompensationGross $1.98M USD 1 Quarter
Shares issued for stock-based compensation awards StockGrantedDuringPeriodValueSharebasedCompensationGross $26.09M USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $158.99M USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $160.62M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.65B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.21B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.15B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.87B USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $49.76M USD 1 Quarter
Consolidated net income ProfitLoss $207.23M USD 1 Quarter
Foreign currency translation adjustment and other, net of taxes OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-77.34M USD 1 Quarter
Foreign currency translation adjustment and other, net of taxes OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-61.92M USD 1 Quarter
Unrealized gain on foreign exchange contracts designated as net investment hedges, net of taxes TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease $5.31M USD 1 Quarter
Unrealized gain on foreign exchange contracts designated as net investment hedges, net of taxes TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease $15.98M USD 1 Quarter
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges, net of taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $36.35M USD 1 Quarter
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges, net of taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-28.40M USD 1 Quarter
Employee benefit plan items, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $166.00K USD 1 Quarter
Employee benefit plan items, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-2.25M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-20.43M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-87.52M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $186.80M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-37.76M USD 1 Quarter
Less: Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-946.00K USD 1 Quarter
Less: Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $10.00K USD 1 Quarter
Comprehensive income (loss) attributable to shareholders ComprehensiveIncomeNetOfTax $187.75M USD 1 Quarter
Comprehensive income (loss) attributable to shareholders ComprehensiveIncomeNetOfTax $-37.77M USD 1 Quarter

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

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