AVNET INC

AVT 10-K · FY 2025

AVT FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Revenue 22,200,754 23,757,129 -6.6%
Show Product Lines breakouts
Computer Products · Electronic Components 371.8
Computer Products · Farnell 157
Interconnect, passive & electromechanical (IP&E) · Electronic Components 3.3
Interconnect, passive & electromechanical (IP&E) · Farnell 680.3
Other · Electronic Components 85.6
Other · Farnell 401.6
Semiconductors · Electronic Components 17
Semiconductors · Farnell 206.9
Show Business Segments breakouts
Electronic Components · Operating Segments 20,755 22,160 -6.3%
Farnell · Operating Segments 1,445.8 1,597.1 -9.5%
Show Geography breakouts
Americas 5,300 5,919.2 -10.5%
Asia 10,491.2 9,442.9 +11.1%
BE 1,233.8 1,422.6 -13.3%
CN 3,520.5 3,206.7 +9.8%
DE 2,242.2 3,240.3 -30.8%
EMEA 6,409.6 8,395 -23.6%
Non Us 17,184.4 18,231.2 -5.7%
Other 4,151.8 5,030.8 -17.5%
SG 1,360 1,298.4 +4.7%
TW 4,676.1 4,032.4 +16.0%
US 5,016.4 5,525.9 -9.2%
Cost of Revenue 19,815,798 20,990,687 -5.6%
Gross Profit 2,384,956 2,766,442 -13.8%
Show Business Segments breakouts
Electronic Components · Operating Segments 2,008.3 2,312.4 -13.2%
Farnell · Operating Segments 376.7 454 -17.0%
Selling, General & Administrative 1,762,386 1,869,525 -5.7%
Show Business Segments breakouts
Electronic Components · Operating Segments 1,300.1 1,364.9 -4.7%
Farnell · Operating Segments 343.8 389.2 -11.7%
Restructuring Integration And Other Charges 108,316 52,550 +106.1%
Operating Income 514,254 844,367 -39.1%
Other Non-Operating Income (Expense) -17,283 -15,736 -9.8%
Interest Expense -246,402 -282,867 +12.9%
Income Before Taxes 250,569 632,263 -60.4%
Income Tax Expense (Benefit) 10,352 133,564 -92.2%
Net Income 240,217 498,699 -51.8%
Show Equity Components breakouts
Retained Earnings 240,217 498,699 -51.8%
EPS (Basic) 2.78 5.51 -49.5%
EPS (Diluted) 2.75 5.43 -49.4%
Wtd Avg Shares (Basic) 86,266 90,567 -4.7%
Wtd Avg Shares (Diluted) 87,413 91,837 -4.8%
Common Stock Dividends Per Share Cash Paid 1.32 1.24 +6.5%
Comprehensive Income 469,247 421,357 +11.4%
Other Comprehensive Income 229,030 -77,342 +396.1%
Show Equity Components breakouts
Accumulated Other Comprehensive Income · Cross Currency Interest Rate Contract -52,902 6,608 -900.6%
Accumulated Other Comprehensive Income · Foreign Exchange Forward 304,255 -60,434 +603.5%
Show Derivative Risk breakouts
Cross Currency Interest Rate Contract -52,902 6,608 -900.6%
Foreign Exchange Forward 304,255 -60,434 +603.5%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 192,428 310,941 -38.1%
Accounts Receivable 4,327,450 4,391,187 -1.5%
Inventory 5,235,485 5,468,730 -4.3%
Prepaid Expenses & Other Current Assets 263,374 199,694 +31.9%
Total Current Assets 10,018,737 10,370,552 -3.4%
Non-Current Assets
Property, Plant & Equipment 667,247 568,169 +17.4%
Show Geography breakouts
Americas 154.9 109.7 +41.2%
Asia 22.6 23.2 -2.6%
BE 13.5 14 -3.6%
DE 366.5 307.7 +19.1%
EMEA 489.7 435.3 +12.5%
GB 104.4 105.7 -1.2%
Non Us 520.2 461.1 +12.8%
Other 35.8 33.7 +6.2%
US 147 107.1 +37.3%
Goodwill 837,031 780,984 +7.2%
Show Reporting Unit breakouts
Electronic Components 309,738 295,957 +4.7%
Farnell 527,293 485,027 +8.7%
Operating Lease Right-of-Use Assets 201,896 208,971 -3.4%
Other Non-Current Assets 393,642 280,471 +40.4%
Total Assets 12,118,553 12,209,147 -0.7%
Show Business Segments breakouts
Electronic Components · Operating Segments 9,984.9 10,162.8 -1.8%
Farnell · Operating Segments 1,742.4 1,707.9 +2.0%
Show Consolidation Items breakouts
Corporate Non Segment 391.2 338.4 +15.6%
Current Liabilities
Debt Current 87,284 492,711 -82.3%
Show Debt Instrument breakouts
Other Short -Term Debt 87,284 77,611 +12.5%
Accounts Payable 3,487,419 3,345,510 +4.2%
Accrued Liabilities 497,154 573,055 -13.2%
Operating Lease Liability Current 56,247 53,993 +4.2%
Total Current Liabilities 4,128,104 4,465,269 -7.6%
Non-Current Liabilities
Long-Term Debt 2,574,729 2,406,629 +7.0%
Operating Lease Liabilities 159,449 173,886 -8.3%
Other Non-Current Liabilities 244,776 237,859 +2.9%
Total Liabilities 7,107,058 7,283,643 -2.4%
Stockholders' Equity
Common Stock 83,854 89,046 -5.8%
Additional Paid In Capital Common Stock 1,755,141 1,721,369 +2.0%
Retained Earnings 3,430,193 3,601,812 -4.8%
Accumulated Other Comprehensive Income -257,693 -486,723 +47.1%
Total Stockholders' Equity 5,011,495 4,925,504 +1.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -257,693 -486,723 +47.1%
Additional Paid In Capital 1,755,141 1,721,369 +2.0%
Common Stock 83,854 89,046 -5.8%
Retained Earnings 3,430,193 3,601,812 -4.8%
Total Liabilities & Equity 12,118,553 12,209,147 -0.7%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation And Amortization 71,616 86,708 -17.4%
Show Business Segments breakouts
Electronic Components · Operating Segments 51.7 60.6 -14.7%
Farnell · Operating Segments 19.8 26 -23.8%
Show Consolidation Items breakouts
Corporate Non Segment 0.1 0.1 0.0%
Amortization Of Operating Lease Assets 53,579 53,796 -0.4%
Increase Decrease In Deferred Income Taxes -105,412 -9,749 -981.3%
Stock-Based Compensation 36,399 33,496 +8.7%
Other Non-Cash Items 25,942 15,800 +64.2%
Change in Accounts Receivable 183,533 316,218 -42.0%
Change in Inventory 409,553 -51,203 +899.9%
Increase Decrease In Accounts Payable Trade 101,702 4,496 +2162.1%
Increase Decrease In Accrued Liabilities -292,625 -258,277 -13.3%
Net Cash from Operations 724,504 689,984 +5.0%
Deferred Income Taxes -99,554 -16,046 -520.4%
Investing Activities
Capital Expenditures -147,474 -226,478 +34.9%
Other Investing Activities 10,347 994 +940.9%
Net Cash from Investing -137,127 -225,484 +39.2%
Financing Activities
Proceeds From Repayments Of Accounts Receivable Securitization 84,900 -140,700 +160.3%
Proceeds From Repayments Of Notes Payable -357,299 -43,277 -725.6%
Proceeds From Repayments Of Lines Of Credit -2,451 27,491 -108.9%
Share Repurchases -303,490 -162,723 -86.5%
Payments Of Dividends Common Stock -113,310 -111,963 -1.2%
Proceeds From Payments For Other Financing Activities -1,876 -2,627 +28.6%
Net Cash from Financing -693,526 -433,799 -59.9%
Supplemental
Interest Paid 287,592 351,374 -18.2%
Unpaid Capital Expenditures 16,538 20,451 -19.1%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -12,364 -7,990 -54.7%
Net Change in Cash -118,513 22,711 -621.8%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 192,428 310,941 -38.1%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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