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10-Q Filing

ARROW ELECTRONICS, INC. CIK: 7536 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001775474-20-000006
Period End Date 20200331
Filing Date 20200506
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance arw03282010-q_htm.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $300.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $351.90M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $509.33M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $201.00M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $8.48B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $7.82B USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common Stock, Par or Stated Value Per Share CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Inventories InventoryNet $3.48B USD Point-in-time
Inventories InventoryNet $3.33B 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
Other current assets OtherAssetsCurrent $266.25M USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 125.42M shares Point-in-time
Other current assets OtherAssetsCurrent $235.74M USD Point-in-time
Common Stock, Shares, Issued CommonStockSharesIssued 125.42M shares Point-in-time
Total current assets AssetsCurrent $12.53B USD Point-in-time
Total current assets AssetsCurrent $11.59B USD Point-in-time
Treasury Stock, Shares TreasuryStockShares 46.76M shares Point-in-time
Treasury Stock, Shares TreasuryStockShares 44.80M shares Point-in-time
Land Land $7.79M USD Point-in-time
Land Land $7.73M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $173.37M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $185.54M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.48B USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.49B USD Point-in-time
Property, plant, and equipment, gross PropertyPlantAndEquipmentGross $1.66B USD Point-in-time
Property, plant, and equipment, gross PropertyPlantAndEquipmentGross $1.69B USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $882.65M USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $859.58M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $803.42M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $803.11M USD Point-in-time
Investments in affiliated companies EquityMethodInvestments $80.34M USD Point-in-time
Investments in affiliated companies EquityMethodInvestments $86.94M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $260.95M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $271.90M USD Point-in-time
Goodwill Goodwill $2.06B USD Point-in-time
Goodwill Goodwill $2.04B USD Point-in-time
Other assets OtherAssetsNoncurrent $651.36M USD Point-in-time
Other assets OtherAssetsNoncurrent $613.79M USD Point-in-time
Total assets Assets $15.39B USD Point-in-time
Total assets Assets $16.40B USD Point-in-time
Accounts payable AccountsPayableCurrent $6.66B USD Point-in-time
Accounts payable AccountsPayableCurrent $7.05B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $880.51M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $873.67M USD Point-in-time
Short-term borrowings, including current portion of long-term debt DebtCurrent $377.18M USD Point-in-time
Short-term borrowings, including current portion of long-term debt DebtCurrent $331.43M USD Point-in-time
Total current liabilities LiabilitiesCurrent $8.26B USD Point-in-time
Total current liabilities LiabilitiesCurrent $7.91B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.64B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.22B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $605.88M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $636.12M USD Point-in-time
Issued - 125,424 shares in both 2020 and 2019, respectively CommonStockValue $125.42M USD Point-in-time
Issued - 125,424 shares in both 2020 and 2019, respectively CommonStockValue $125.42M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.15B USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.15B USD Point-in-time
Treasury stock (46,756 and 44,804 shares in 2020 and 2019, respectively), at cost TreasuryStockValue $2.33B USD Point-in-time
Treasury stock (46,756 and 44,804 shares in 2020 and 2019, respectively), at cost TreasuryStockValue $2.47B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.13B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $6.14B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-262.21M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-349.48M USD Point-in-time
Total shareholders' equity StockholdersEquity $4.81B USD Point-in-time
Total shareholders' equity StockholdersEquity $4.60B USD Point-in-time
Noncontrolling interests MinorityInterest $54.48M USD Point-in-time
Noncontrolling interests MinorityInterest $54.47M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.65B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.38B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.87B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.50B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $16.40B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $15.39B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Sales Revenues $7.16B USD 1 Quarter
Sales Revenues $6.38B USD 1 Quarter
Cost of sales CostOfRevenue $6.29B USD 1 Quarter
Cost of sales CostOfRevenue $5.65B USD 1 Quarter
Gross profit GrossProfit $728.39M USD 1 Quarter
Gross profit GrossProfit $861.69M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $533.84M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $556.08M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.11M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.53M USD 1 Quarter
Loss on disposition of businesses, net GainLossOnSaleOfBusiness - USD 1 Quarter
Loss on disposition of businesses, net GainLossOnSaleOfBusiness $-866.00K USD 1 Quarter
Restructuring, integration, and other charges RestructuringAndRelatedCostIncurredCost $11.66M 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 $616.13M USD 1 Quarter
Operating income OperatingIncomeLoss $138.30M USD 1 Quarter
Operating income OperatingIncomeLoss $245.56M USD 1 Quarter
Equity in earnings (losses) of affiliated companies IncomeLossFromEquityMethodInvestments $-1.47M USD 1 Quarter
Equity in earnings (losses) of affiliated companies IncomeLossFromEquityMethodInvestments $530.00K USD 1 Quarter
Gain (loss) on investments, net GainLossOnInvestments $5.35M USD 1 Quarter
Gain (loss) on investments, net GainLossOnInvestments $-16.81M USD 1 Quarter
Employee benefit plan expense NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $1.11M USD 1 Quarter
Employee benefit plan expense NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $1.14M USD 1 Quarter
Interest and other financing expense, net InterestIncomeExpenseNet $-43.27M USD 1 Quarter
Interest and other financing expense, net InterestIncomeExpenseNet $-51.98M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $77.65M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $196.32M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $27.89M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $53.91M USD 1 Quarter
Consolidated net income ProfitLoss $49.76M USD 1 Quarter
Consolidated net income ProfitLoss $142.41M USD 1 Quarter
Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $252.00K 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 $49.50M USD 1 Quarter
Basic EarningsPerShareBasic $0.62 USD 1 Quarter
Basic EarningsPerShareBasic $1.65 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.61 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.63 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 80.41M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 85.40M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 86.32M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 81.11M shares 1 Quarter
Cash Flow Statement 54 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $49.76M USD 1 Quarter
Consolidated net income ProfitLoss $142.41M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.11M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $47.53M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $13.92M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $19.09M USD 1 Quarter
Equity in (earnings) losses of affiliated companies IncomeLossFromEquityMethodInvestments $-1.47M USD 1 Quarter
Equity in (earnings) losses of affiliated companies IncomeLossFromEquityMethodInvestments $530.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $6.97M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $32.61M USD 1 Quarter
(Gain) loss on investments, net UnrealizedGainLossOnInvestments $5.35M USD 1 Quarter
(Gain) loss on investments, net UnrealizedGainLossOnInvestments $-16.81M USD 1 Quarter
Other OtherNoncashIncomeExpense $205.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-5.58M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-558.61M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-949.99M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-134.40M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-133.39M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.54B USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-343.05M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-31.33M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-50.29M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $10.23M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $40.78M 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 $-329.00M USD 1 Quarter
Acquisition of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $27.97M USD 1 Quarter
Acquisition of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $33.81M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-2.94M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $5.47M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-33.44M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-30.88M USD 1 Quarter
Change in short-term and other borrowings ProceedsFromRepaymentsOfShortTermDebt $-84.35M USD 1 Quarter
Change in short-term and other borrowings ProceedsFromRepaymentsOfShortTermDebt $-107.24M USD 1 Quarter
Proceeds from (repayments of) long-term bank borrowings, net ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities $335.02M USD 1 Quarter
Proceeds from (repayments of) long-term bank borrowings, net ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities $-288.58M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $6.93M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.98M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $158.99M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $53.92M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $180.78M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-529.94M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.59M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $21.66M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-157.43M USD 1 Quarter
Net decrease in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-99.11M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $300.10M 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 $509.33M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $201.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $300.10M 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 $509.33M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $201.00M USD Point-in-time
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.65B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.38B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.87B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.50B USD Point-in-time
Effect of new accounting principles CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $35.94M USD Point-in-time
Consolidated net income ProfitLoss $49.76M USD 1 Quarter
Consolidated net income ProfitLoss $142.41M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-87.52M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $10.53M USD 1 Quarter
Amortization of stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $19.09M USD 1 Quarter
Amortization of stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $13.92M USD 1 Quarter
Shares issued for stock-based compensation awards StockGrantedDuringPeriodValueSharebasedCompensationGross $6.93M USD 1 Quarter
Shares issued for stock-based compensation awards StockGrantedDuringPeriodValueSharebasedCompensationGross $1.98M USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $53.92M USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $158.99M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.65B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.38B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.87B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.50B 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 $142.41M USD 1 Quarter
Foreign currency translation adjustment and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $4.44M USD 1 Quarter
Foreign currency translation adjustment and other OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-77.34M 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 $15.98M USD 1 Quarter
Unrealized gain (loss) on interest rate swaps designated as cash flow hedges, net of taxes OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-28.40M USD 1 Quarter
Unrealized gain (loss) 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 $-319.00K USD 1 Quarter
Employee benefit plan items, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-2.25M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-87.52M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $10.53M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $152.95M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-37.76M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.03M USD 1 Quarter
Less: Comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $10.00K USD 1 Quarter
Comprehensive income (loss) attributable to shareholders ComprehensiveIncomeNetOfTax $151.92M 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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