← ARROW ELECTRONICS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Consolidated net income | $524.7m | $407.2m | $721.6m | ($200.2m) | $586.5m | $1.1b | $1.4b | $909.4m | $393.5m | $569.7m | — | |
| Net Income (Loss) Attributable to Parent | $522.8m |
$402.0m
-23.11%
|
$716.2m
+78.17%
|
($204.1m)
-128.50%
|
$584.4m
+386.37%
|
$1.1b
+89.62%
|
$1.4b
+28.76%
|
$903.5m
-36.68%
|
$392.1m
-56.61%
|
$571.3m
+45.70%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $2.0m | $5.2m | $5.4m | $3.9m | $2.0m | $2.3m | $8.3m | $5.9m | $1.4m | ($1.6m) | — | |
| Amortization of Intangible Assets | $54.9m | $50.1m | $49.4m | $48.1m | $38.4m | $36.9m | $34.7m | $31.2m | $29.5m | $19.8m | — | |
| Amortization of stock-based compensation | $39.8m | $39.1m | $46.2m | $41.1m | $35.3m | $36.1m | $42.9m | $41.6m | $34.6m | $27.9m | — | |
| Depreciation, Depletion and Amortization | $159.2m | $153.6m | $186.4m | $189.8m | $189.1m | $195.1m | $187.4m | $181.1m | $163.0m | $137.8m | $138.4m | |
| Deferred Income Tax Expense (Benefit) | $28.1m | $38.4m | $1.2m | ($50.3m) | $29.7m | $24.7m | ($13.1m) | ($94.0m) | ($99.9m) | ($36.2m) | ($29.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $39.8m | $39.1m | $46.2m | $41.1m | $35.3m | $36.1m | $42.9m | $41.6m | $34.6m | $27.9m | $20.1m | |
| Goodwill, Impairment Loss | — | $7.9m | — | — | — | — | — | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | — | — | — | $99.0m | — | |
| Income (Loss) from Equity Method Investments | $7.6m | $3.4m | ($2.3m) | ($2.8m) | ($531k) | $3.5m | $7.7m | $6.4m | $1.4m | $3.2m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts receivable, net | ($636.9m) | ($1.1b) | ($1.0b) | $338.8m | ($541.4m) | ($2.1b) | ($1.4b) | $189.4m | ($1.0b) | ($6.3b) | ($12.8b) | |
| Increase (Decrease) in Accounts Receivable | $636.9m | $1.1b | $1.0b | ($338.8m) | $541.4m | $2.1b | $1.4b | ($189.4m) | $1.0b | $6.3b | ($12.8b) | |
| Increase (Decrease) in Inventories | $404.0m | $379.8m | $618.9m | ($383.1m) | ($244.3m) | $960.6m | $1.2b | ($139.3m) | ($421.1m) | $286.2m | ($1.2b) | |
| Inventories | ($404.0m) | ($379.8m) | ($618.9m) | $383.1m | $244.3m | ($960.6m) | ($1.2b) | $139.3m | $421.1m | ($286.2m) | ($1.2b) | |
| Accounts payable | $582.2m | $816.6m | $936.4m | ($521.6m) | $760.9m | $1.8b | $945.8m | ($457.4m) | $1.1b | $6.1b | $13.9b | |
| Accrued expenses | $47.0m | ($3.8m) | $112.1m | ($27.5m) | $86.5m | $391.9m | $102.2m | $38.6m | ($140.9m) | $60.4m | $254.7m | |
| Other | ($3.2m) | ($1.6m) | ($1.2m) | ($147k) | ($141k) | ($159k) | ($137k) | ($142k) | ($1.0m) | ($148k) | — | |
| Other assets and liabilities | $22.3m | $74.1m | ($134.4m) | ($36.8m) | ($38.4m) | ($28.6m) | ($136.1m) | ($246.3m) | $268.7m | ($62.0m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $355.8m |
$124.6m
-64.99%
|
$272.7m
+118.93%
|
$858.0m
+214.64%
|
$1.4b
+58.49%
|
$419.0m
-69.19%
|
($33.1m)
-107.89%
|
$705.4m
+2232.75%
|
$1.1b
+60.24%
|
$64.0m
-94.33%
|
$936.4m
+1361.95%
|
|
| Cash flows from investing activities: | ||||||||||||
| Acquisition of property, plant, and equipment | ($164.7m) | $24.4m | $5.4m | $0 | $0 | $22.2m | $0 | $0 | $5.2m | $0 | — | |
| Payments to Acquire Property, Plant, and Equipment | $164.7m | $203.9m | $135.3m | $143.2m | $123.6m | $83.1m | $78.8m | $83.3m | $92.7m | $101.3m | ($110.9m) | |
| (Gain) loss on investments, net | $0 | $14.2m | $14.2m | ($11.5m) | ($5.3m) | ($12.8m) | $2.9m | ($12.5m) | $5.3m | ($110.3m) | — | |
| Gain (Loss) on Investments | $0 | ($14.2m) | ($14.2m) | $11.8m | $5.3m | $13.0m | ($2.9m) | $19.3m | ($4.8m) | $109.9m | ($12.4m) | |
| Proceeds from sale of investments in equity securities | — | — | — | — | — | — | — | $0 | $0 | $100.0m | $0 | |
| Payments to Acquire Businesses, Net of Cash Acquired | $64.8m | $3.6m | $331.6m | $0 | $0 | — | $0 | $0 | $34.8m | $0 | $0 | |
| Payments for (Proceeds from) Other Investing Activities | $12.0m | $5.6m | $13.5m | $9.7m | $14.5m | ($762k) | $0 | — | — | — | — | |
| Net cash provided by (used for) investing activities | ($241.4m) | ($188.8m) | ($463.0m) | ($173.6m) | ($138.8m) | ($60.1m) | ($57.7m) | ($72.3m) | ($94.4m) | $23.6m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($241.4m) | ($188.8m) | ($463.0m) | ($173.6m) | ($138.8m) | ($60.1m) | ($57.7m) | ($72.3m) | ($94.4m) | $23.6m | ($110.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Change in short-term and other borrowings | $48.7m | ($41.3m) | $192.2m | ($113.9m) | ($95.0m) | $12.9m | $258.8m | $866.0m | ($1.2b) | ($592k) | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | — | — | — | — | $7.8m | ($5.8m) | $9.7m | ($12.0m) | $3.4m | — | |
| Gain (Loss) on Extinguishment of Debt | $0 | ($59.5m) | $0 | $0 | — | — | $0 | $0 | ($1.7m) | $0 | — | |
| Loss on extinguishment of debt | $0 | $59.5m | $0 | $0 | — | — | $0 | $0 | $1.7m | $0 | — | |
| Proceeds from (repayments of) long-term bank borrowings, net | $313.0m | $47.8m | $306.6m | ($405.0m) | ($411.5m) | ($687k) | $1.2b | ($1.0b) | $470.3m | $302.8m | — | |
| Payments for Repurchase of Common Stock | $216.4m | $174.2m | $243.3m | $404.2m | $483.7m | $911.5m | $1.0b | $770.2m | $265.1m | $161.7m | — | |
| Repurchases of common stock | ($216.4m) | ($174.2m) | ($243.3m) | ($404.2m) | ($483.7m) | ($911.5m) | ($1.0b) | ($770.2m) | ($265.1m) | ($161.7m) | — | |
| Net cash used for financing activities | $166.1m |
$256.7m
+54.61%
|
($36.8m)
-114.35%
|
($906.4m)
-2360.75%
|
($1.2b)
-35.39%
|
($463.3m)
+62.24%
|
$109.8m
+123.70%
|
($666.2m)
-706.86%
|
($956.8m)
-43.62%
|
($206.1m)
+78.46%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | $166.1m |
$256.7m
+54.61%
|
($36.8m)
-114.35%
|
($906.4m)
-2360.75%
|
($1.2b)
-35.39%
|
($463.3m)
+62.24%
|
$109.8m
+123.70%
|
($666.2m)
-706.86%
|
($956.8m)
-43.62%
|
($206.1m)
+78.46%
|
($771.0m)
-274.01%
|
|
| Net increase (decrease) in cash and cash equivalents | $261.2m | $195.8m | ($220.8m) | ($209.2m) | $73.5m | ($151.4m) | ($45.3m) | $41.1m | ($29.2m) | $117.7m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $3.2m | $6.4m | — | $73.5m | ($151.4m) | ($45.3m) | $41.1m | ($29.2m) | $117.7m | $276.5m | |
| Cash and cash equivalents at beginning of year | $273.1m | $534.3m | $730.1m | $509.3m | $300.1m | $373.6m | $176.9m | $218.1m | $188.8m | $306.5m | $222.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $176.9m | $218.1m | $188.8m | $306.5m | $276.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($19.2m) | $3.2m | $6.4m | $12.7m | $79.6m | ($47.0m) | ($64.3m) | $74.2m | ($108.4m) | $236.1m | ($31.8m) | |
| Effect of exchange rate changes on cash | ($19.2m) | $3.2m | $6.4m | $12.7m | $79.6m | ($47.0m) | ($64.3m) | $74.2m | ($108.4m) | $236.1m | ($31.8m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Cash consideration paid for acquired businesses, net of cash acquired | ($64.8m) | ($3.6m) | ($331.6m) | $0 | $0 | — | $0 | $0 | ($34.8m) | $0 | — | |
| Derivative, Gain (Loss) on Derivative, Net | $927k | ($21.7m) | $5.7m | $10.9m | $4.8m | $5.7m | $5.2m | $4.1m | $7.8m | $5.7m | — | |
| Environmental Remediation Expense | — | — | — | — | — | — | — | $23.3m | — | $4.5m | — | |
| Equity in earnings of affiliated companies | ($7.6m) | ($3.4m) | $2.3m | $2.8m | $531k | ($3.5m) | ($7.7m) | ($6.4m) | ($1.4m) | ($3.2m) | — | |
| Gain (Loss) on Disposition of Business | — | — | — | ($21.3m) | $0 | $0 | — | — | — | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | — | ($29.4m) | — | — | — | |
| Goodwill | $2.4b | $2.5b | $2.6b | $2.1b | $2.1b | $2.1b | $2.0b | $2.1b | $2.1b | $2.1b | — | |
| Income Tax Expense (Benefit) | $190.7m | $287.1m | $187.8m | $88.3m | $172.8m | $325.9m | $449.0m | $255.0m | $95.8m | $148.2m | — | |
| Income Taxes Paid, Net | $190.1m | $231.2m | $226.4m | $188.6m | $160.1m | $221.1m | $384.4m | $538.4m | $230.5m | $195.2m | — | |
| Net proceeds from note offering | $0 | $986.2m | $0 | $0 | $0 | $495.1m | $0 | $496.3m | $989.6m | $0 | — | |
| Pension Cost (Reversal of Cost) | — | — | — | $20.1m | $0 | $0 | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $19.0m | $22.2m | $8.8m | $16.9m | $21.0m | $47.0m | $17.3m | $17.0m | $5.4m | $3.5m | — | |
| Proceeds from exercise of stock options | $19.0m | $22.2m | $8.8m | $16.9m | $21.0m | $47.0m | $17.3m | $17.0m | $5.4m | $3.5m | — | |
| Proceeds from settlement of net investment hedges | — | — | — | — | — | $0 | $0 | $10.7m | $10.6m | $24.9m | — | |
| Redemption of notes | $0 | ($558.9m) | ($300.0m) | $0 | ($209.4m) | ($130.9m) | ($350.0m) | ($300.0m) | ($1.0b) | ($350.0m) | — | |
| Settlement of forward-starting interest rate swap | — | — | $0 | $0 | ($48.4m) | $24.9m | $0 | $56.7m | $0 | $0 | — | |
| Supplemental disclosure of cash flow information: |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.