ARW FY 2012 Earnings Report — Arrow Electronics, Inc. Revenue & Financial Results | Market Cap Arena

Arrow Electronics, Inc.ARW

FY 2012 Earnings

Reported February 7, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$20.4B	—	$21.4B	—	-4.6%
Op. Income	$804M	—	$909M	—	-11.5%
Gross Margin	13.4%	—	13.8%	—	-0.4pp
Net Margin	2.5%	—	2.8%	—	-0.3pp
EPS (Diluted)	$4.56	—	$5.17	—	-11.8%
Free Cash Flow	$563M	—	$7M	—	8007.3%

Revenue Flow

Item	Amount
REVENUE	$20.4B
Cost of Revenue	$17.7B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$115M
Operating Expenses	$2.0B
Cost & Expenses	$19.6B
OPERATING INCOME	$804M
Interest Income	$0
Interest Expense	$102M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$710M
Income Tax Expense	$204M
Net Income from Continuing Ops	$507M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$506M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$506M
D&A	$115M
EBIT	$812M
EBITDA	$928M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$20.4B
Cost of Revenue	$17.7B
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.8B
SG&A Expenses	$1.8B
Other Expenses	$115M
Operating Expenses	$2.0B
Cost & Expenses	$19.6B
OPERATING INCOME	$804M
Interest Income	$0
Interest Expense	$102M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$710M
Income Tax Expense	$204M
Net Income from Continuing Ops	$507M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$506M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$506M
D&A	$115M
EBIT	$812M
EBITDA	$928M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$507M
Depreciation & Amortization	$115M
Stock-Based Compensation	$35M
Deferred Income Tax	-$5M
Other Non-Cash Items	$12M
Change in Working Capital	$12M
OPERATING CASH FLOW	$675M
Capital Expenditure	-$112M
Acquisitions (Net)	-$282M
Purchases of Investments	-$15M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$409M
Net Debt Issuance	-$15M
Common Stock Repurchased	-$261M
Common Dividends Paid	$0
Other Financing Activities	$18M
NET CASH FROM FINANCING	-$258M
FREE CASH FLOW	$563M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$410M
Short-Term Investments	$0
Net Receivables	$4.9B
Inventory	$2.1B
Other Current Assets	$329M
TOTAL CURRENT ASSETS	$7.7B
PP&E (Net)	$600M
Goodwill	$1.7B
Intangible Assets	$414M
Long-Term Investments	$66M
Tax Assets	$1.7B
Other Non-Current Assets	$279M
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$10.8B
Account Payables	$3.8B
Short-Term Debt	$364M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$301M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$6.8B
Common Stock	$125M
Additional Paid-In Capital	$1.1B
Retained Earnings	$3.3B
Treasury Stock	-$653M
Accum. Other Comp. Income	$183M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.0B
Minority Interest	$4M
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$10.8B
Total Debt	$2.0B
Net Debt	$1.5B