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10-Q Filing

ARROW ELECTRONICS, INC. CIK: 7536 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001894806-22-000005
Period End Date 20220331
Filing Date 20220505
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance arw-20220402_htm.xml
Balance Sheet 75 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $222.19M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $242.79M USD Point-in-time
Cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $227.70M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $10.62B USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $11.12B USD Point-in-time
Inventories InventoryNet $4.65B 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 $4.20B USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 125.42M shares Point-in-time
Other current assets OtherAssetsCurrent $431.63M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 125.42M shares Point-in-time
Other current assets OtherAssetsCurrent $345.22M USD Point-in-time
Total current assets AssetsCurrent $15.89B USD Point-in-time
Treasury stock, shares at cost TreasuryStockShares 58.99M shares Point-in-time
Treasury stock, shares at cost TreasuryStockShares 57.36M shares Point-in-time
Total current assets AssetsCurrent $15.94B USD Point-in-time
Land Land $5.74M USD Point-in-time
Land Land $5.69M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $185.00M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $186.10M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.53B USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.52B USD Point-in-time
Property, plant, and equipment, gross PropertyPlantAndEquipmentGross $1.72B USD Point-in-time
Property, plant, and equipment, gross PropertyPlantAndEquipmentGross $1.72B USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.03B USD Point-in-time
Less: Accumulated depreciation and amortization AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.07B USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $682.81M USD Point-in-time
Property, plant, and equipment, net PropertyPlantAndEquipmentNet $658.20M USD Point-in-time
Investments in affiliated companies EquityMethodInvestments $65.24M USD Point-in-time
Investments in affiliated companies EquityMethodInvestments $63.70M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $185.75M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $195.03M USD Point-in-time
Goodwill Goodwill $2.07B USD Point-in-time
Goodwill Goodwill $2.08B USD Point-in-time
Other assets OtherAssetsNoncurrent $620.31M USD Point-in-time
Other assets OtherAssetsNoncurrent $594.93M USD Point-in-time
Total assets Assets $19.54B USD Point-in-time
Total assets Assets $19.51B USD Point-in-time
Accounts payable AccountsPayableCurrent $9.11B USD Point-in-time
Accounts payable AccountsPayableCurrent $9.62B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $1.24B USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $1.33B USD Point-in-time
Short-term borrowings, including current portion of long-term debt DebtCurrent $317.40M USD Point-in-time
Short-term borrowings, including current portion of long-term debt DebtCurrent $382.62M USD Point-in-time
Total current liabilities LiabilitiesCurrent $10.67B USD Point-in-time
Total current liabilities LiabilitiesCurrent $11.33B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.24B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.79B USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $621.51M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $624.16M 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 2022 and 2021 CommonStockValue $125.42M USD Point-in-time
Issued - 125,424 shares in both 2022 and 2021 CommonStockValue $125.42M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.19B USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.19B USD Point-in-time
Treasury stock (58,987 and 57,358 shares in 2022 and 2021, respectively), at cost TreasuryStockValue $3.63B USD Point-in-time
Treasury stock (58,987 and 57,358 shares in 2022 and 2021, respectively), at cost TreasuryStockValue $3.86B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $8.15B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $7.79B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-191.66M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-232.97M USD Point-in-time
Total shareholders equity StockholdersEquity $5.28B USD Point-in-time
Total shareholders equity StockholdersEquity $5.37B USD Point-in-time
Noncontrolling interests MinorityInterest $58.55M USD Point-in-time
Noncontrolling interests MinorityInterest $58.93M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.43B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.21B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.34B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.15B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $19.54B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $19.51B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Sales Revenues $9.07B USD 1 Quarter
Sales Revenues $8.39B USD 1 Quarter
Cost of sales CostOfRevenue $7.46B USD 1 Quarter
Cost of sales CostOfRevenue $7.87B USD 1 Quarter
Gross profit GrossProfit $1.21B USD 1 Quarter
Gross profit GrossProfit $930.11M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $643.92M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $574.57M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $50.33M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $48.30M USD 1 Quarter
Restructuring, integration, and other charges RestructuringAndRelatedCostIncurredCost $5.71M USD 1 Quarter
Restructuring, integration, and other charges RestructuringAndRelatedCostIncurredCost $4.90M USD 1 Quarter
Total operating expenses CostsAndExpenses $697.13M USD 1 Quarter
Total operating expenses CostsAndExpenses $630.61M USD 1 Quarter
Operating income OperatingIncomeLoss $299.50M USD 1 Quarter
Operating income OperatingIncomeLoss $510.38M USD 1 Quarter
Equity in earnings of affiliated companies IncomeLossFromEquityMethodInvestments $844.00K USD 1 Quarter
Equity in earnings of affiliated companies IncomeLossFromEquityMethodInvestments $843.00K USD 1 Quarter
Gain on investments, net GainLossOnInvestments $2.01M USD 1 Quarter
Gain on investments, net GainLossOnInvestments $2.79M USD 1 Quarter
Employee benefit plan expense, net NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $1.23M USD 1 Quarter
Employee benefit plan expense, net NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent $889.00K USD 1 Quarter
Interest and other financing expense, net InterestIncomeExpenseNet $-33.66M USD 1 Quarter
Interest and other financing expense, net InterestIncomeExpenseNet $-33.98M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $268.25M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $478.36M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $112.36M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $61.03M USD 1 Quarter
Consolidated net income ProfitLoss $366.00M USD 1 Quarter
Consolidated net income ProfitLoss $207.23M USD 1 Quarter
Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.25M USD 1 Quarter
Noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $907.00K USD 1 Quarter
Net income attributable to shareholders NetIncomeLoss $206.32M USD 1 Quarter
Net income attributable to shareholders NetIncomeLoss $364.75M USD 1 Quarter
Basic EarningsPerShareBasic $5.38 USD 1 Quarter
Basic EarningsPerShareBasic $2.76 USD 1 Quarter
Diluted EarningsPerShareDiluted $2.72 USD 1 Quarter
Diluted EarningsPerShareDiluted $5.31 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 67.84M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 74.88M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 68.75M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 75.79M shares 1 Quarter
Cash Flow Statement 57 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $366.00M USD 1 Quarter
Consolidated net income ProfitLoss $207.23M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $50.33M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $48.30M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $13.22M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $17.35M USD 1 Quarter
Equity in earnings of affiliated companies IncomeLossFromEquityMethodInvestments $844.00K USD 1 Quarter
Equity in earnings of affiliated companies IncomeLossFromEquityMethodInvestments $843.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $13.66M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.35M USD 1 Quarter
Gain on investments, net UnrealizedGainLossOnInvestments $2.79M USD 1 Quarter
Gain on investments, net UnrealizedGainLossOnInvestments $2.01M USD 1 Quarter
Other OtherNoncashIncomeExpense $-686.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-1.37M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-430.71M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-596.78M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $13.15M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $460.90M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-477.82M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-840.12M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-43.64M 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 $79.43M USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-4.54M USD 1 Quarter
Net cash used for operating activities NetCashProvidedByUsedInOperatingActivities $-200.25M USD 1 Quarter
Acquisition of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $19.27M USD 1 Quarter
Acquisition of property, plant, and equipment PaymentsToAcquirePropertyPlantAndEquipment $20.18M USD 1 Quarter
Proceeds from sale of property, plant, and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $22.17M USD 1 Quarter
Proceeds from sale of property, plant, and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from collections of notes receivable ProceedsFromCollectionOfNotesReceivable - USD 1 Quarter
Proceeds from collections of notes receivable ProceedsFromCollectionOfNotesReceivable $20.17M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $1.99M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $899.00K USD 1 Quarter
Change in short-term and other borrowings ProceedsFromRepaymentsOfShortTermDebt $-14.29M USD 1 Quarter
Change in short-term and other borrowings ProceedsFromRepaymentsOfShortTermDebt $-12.45M USD 1 Quarter
Proceeds from long-term bank borrowings, net ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities $154.67M USD 1 Quarter
Proceeds from long-term bank borrowings, net ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities $845.00M USD 1 Quarter
Redemption of notes PaymentsForLongTermDebt $350.00M USD 1 Quarter
Redemption of notes PaymentsForLongTermDebt $130.86M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $11.30M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $26.09M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $264.43M USD 1 Quarter
Repurchases of common stock PaymentsForRepurchaseOfCommonStock $160.62M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-123.17M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $227.58M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-7.63M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-20.20M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $20.60M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-145.91M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $373.62M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $222.19M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $222.19M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $242.79M USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $227.70M USD Point-in-time
Cash and Cash Equivalents, at Carrying Value, Ending Balance CashAndCashEquivalentsAtCarryingValue $373.62M USD Point-in-time
Cash and Cash Equivalents, at Carrying Value, Ending Balance CashAndCashEquivalentsAtCarryingValue $222.19M USD Point-in-time
Stockholders Equity 18 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.43B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.21B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.34B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.15B USD Point-in-time
Consolidated net income ProfitLoss $366.00M USD 1 Quarter
Consolidated net income ProfitLoss $207.23M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-42.18M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-20.43M USD 1 Quarter
Amortization of stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $17.35M USD 1 Quarter
Amortization of stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $13.22M USD 1 Quarter
Shares issued for stock-based compensation awards StockGrantedDuringPeriodValueSharebasedCompensationGross $26.09M USD 1 Quarter
Shares issued for stock-based compensation awards StockGrantedDuringPeriodValueSharebasedCompensationGross $11.30M USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $160.62M USD 1 Quarter
Repurchases of common stock StockRepurchasedDuringPeriodValue $264.43M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.43B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.21B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.34B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.15B USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $366.00M USD 1 Quarter
Consolidated net income ProfitLoss $207.23M USD 1 Quarter
Foreign currency translation adjustment and other, net of taxes OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-61.92M USD 1 Quarter
Foreign currency translation adjustment and other, net of taxes OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-49.91M USD 1 Quarter
Unrealized gain (loss) on foreign exchange contracts designated as net investment hedges, net of taxes TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease $5.31M USD 1 Quarter
Unrealized gain (loss) on foreign exchange contracts designated as net investment hedges, net of taxes TranslationAdjustmentForNetInvestmentHedgeNetOfTaxPeriodIncreaseDecrease $-575.00K USD 1 Quarter
Unrealized gain on interest rate swaps designated as cash flow hedges, net of taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $36.35M USD 1 Quarter
Unrealized gain on interest rate swaps designated as cash flow hedges, net of taxes OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax $8.21M USD 1 Quarter
Employee benefit plan items, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $166.00K USD 1 Quarter
Employee benefit plan items, net of taxes OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-99.00K USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-42.18M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-20.43M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $186.80M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $323.81M USD 1 Quarter
Less: Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $378.00K USD 1 Quarter
Less: Comprehensive income (loss) attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-946.00K USD 1 Quarter
Comprehensive income attributable to shareholders ComprehensiveIncomeNetOfTax $187.75M USD 1 Quarter
Comprehensive income attributable to shareholders ComprehensiveIncomeNetOfTax $323.44M USD 1 Quarter

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

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