Avnet Inc: Form 10-Q for the period ended Apr 1, 2023
Filed with the SEC on May 5, 2023 and accepted by EDGAR at May 4, 2023, 21:53 ET.
Sections
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Figures reported in this filing
Standardized line items from the XBRL in this filing, for the period ended 2023-04-01. Comparative periods it repeats are left out.
| Line item | Period | Value | XBRL concept |
|---|---|---|---|
| Revenue | 3 months2023-01-01 to 2023-04-01 | $6.51bn | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Revenue | 9 months2022-07-03 to 2023-04-01 | $19.98bn | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
| Cost of revenue | 3 months2023-01-01 to 2023-04-01 | $5.70bn | us-gaap:CostOfRevenue |
| Cost of revenue | 9 months2022-07-03 to 2023-04-01 | $17.62bn | us-gaap:CostOfRevenue |
| Gross profit | 3 months2023-01-01 to 2023-04-01 | $811.8m | us-gaap:GrossProfit |
| Gross profit | 9 months2022-07-03 to 2023-04-01 | $2.36bn | us-gaap:GrossProfit |
| Selling, general and administrative | 3 months2023-01-01 to 2023-04-01 | $498.2m | us-gaap:SellingGeneralAndAdministrativeExpense |
| Selling, general and administrative | 9 months2022-07-03 to 2023-04-01 | $1.46bn | us-gaap:SellingGeneralAndAdministrativeExpense |
| Operating income | 3 months2023-01-01 to 2023-04-01 | $313.6m | us-gaap:OperatingIncomeLoss |
| Operating income | 9 months2022-07-03 to 2023-04-01 | $903.1m | us-gaap:OperatingIncomeLoss |
| Interest expense | 3 months2023-01-01 to 2023-04-01 | $71.7m | us-gaap:InterestExpense |
| Interest expense | 9 months2022-07-03 to 2023-04-01 | $175.8m | us-gaap:InterestExpense |
| Income tax | 3 months2023-01-01 to 2023-04-01 | $56.2m | us-gaap:IncomeTaxExpenseBenefit |
| Income tax | 9 months2022-07-03 to 2023-04-01 | $176.9m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 3 months2023-01-01 to 2023-04-01 | $187.4m | us-gaap:NetIncomeLoss |
| Net income | 9 months2022-07-03 to 2023-04-01 | $615.6m | us-gaap:NetIncomeLoss |
| Diluted EPS | 3 months2023-01-01 to 2023-04-01 | $2.03 | us-gaap:EarningsPerShareDiluted |
| Diluted EPS | 9 months2022-07-03 to 2023-04-01 | $6.58 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 3 months2023-01-01 to 2023-04-01 | $2.05 | us-gaap:EarningsPerShareBasic |
| Basic EPS | 9 months2022-07-03 to 2023-04-01 | $6.67 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 3 months2023-01-01 to 2023-04-01 | 92,456,000 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Diluted shares (weighted) | 9 months2022-07-03 to 2023-04-01 | 93,616,000 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 9 months2022-07-03 to 2023-04-01 | −$948.2m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 9 months2022-07-03 to 2023-04-01 | $137.8m | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Dividends paid | 3 months2023-01-01 to 2023-04-01 | $26.5m | us-gaap:PaymentsOfDividendsCommonStock |
| Dividends paid | 9 months2022-07-03 to 2023-04-01 | $79.8m | us-gaap:PaymentsOfDividendsCommonStock |
| Share repurchases | 9 months2022-07-03 to 2023-04-01 | $221.3m | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Cash and equivalents | At period end2023-04-01 | $185.9m | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | At period end2023-04-01 | $10.44bn | us-gaap:AssetsCurrent |
| Total assets | At period end2023-04-01 | $12.11bn | us-gaap:Assets |
| Current liabilities | At period end2023-04-01 | $3.97bn | us-gaap:LiabilitiesCurrent |
| Total liabilities | At period end2023-04-01 | $7.47bn | us-gaap:Liabilities |
| Long-term debt | At period end2023-04-01 | $3.03bn | us-gaap:LongTermDebtNoncurrent |
| Current portion of debt | At period end2023-04-01 | $76.3m | us-gaap:DebtCurrent |
| Shareholders' equity | At period end2023-04-01 | $4.64bn | us-gaap:StockholdersEquity |
Source: SEC EDGAR, the filing index for accession 0000008858-23-000020. Last ingested by Listed: Oct 24, 2026, 14:51 ET. Listed shows no prices and gives no investment advice.