ARW FY 2014 Earnings Report — Arrow Electronics, Inc. Revenue & Financial Results | Market Cap Arena

Arrow Electronics, Inc.ARW

FY 2014 Earnings

Reported February 5, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$22.8B	—	$21.4B	—	6.6%
Op. Income	$762M	—	$694M	—	9.9%
Gross Margin	13.2%	—	13.1%	—	0.1pp
Net Margin	2.2%	—	1.9%	—	0.3pp
EPS (Diluted)	$4.98	—	$3.85	—	29.4%
Free Cash Flow	$551M	—	$335M	—	64.6%

Revenue Flow

Item	Amount
REVENUE	$22.8B
Cost of Revenue	$19.8B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.0B
SG&A Expenses	$2.0B
Other Expenses	$156M
Operating Expenses	$2.1B
Cost & Expenses	$21.9B
OPERATING INCOME	$762M
Interest Income	$0
Interest Expense	$116M
Other Income/Expenses	-$79M
INCOME BEFORE TAX	$683M
Income Tax Expense	$185M
Net Income from Continuing Ops	$498M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$498M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$498M
D&A	$156M
EBIT	$799M
EBITDA	$1.0B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$22.8B
Cost of Revenue	$19.8B
GROSS PROFIT	$3.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.0B
SG&A Expenses	$2.0B
Other Expenses	$156M
Operating Expenses	$2.1B
Cost & Expenses	$21.9B
OPERATING INCOME	$762M
Interest Income	$0
Interest Expense	$116M
Other Income/Expenses	-$79M
INCOME BEFORE TAX	$683M
Income Tax Expense	$185M
Net Income from Continuing Ops	$498M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$498M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$498M
D&A	$156M
EBIT	$799M
EBITDA	$1.0B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$498M
Depreciation & Amortization	$156M
Stock-Based Compensation	$42M
Deferred Income Tax	-$26M
Other Non-Cash Items	$48M
Change in Working Capital	-$45M
OPERATING CASH FLOW	$673M
Capital Expenditure	-$123M
Acquisitions (Net)	-$163M
Purchases of Investments	$0
Sales/Maturities of Investments	$41M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$245M
Net Debt Issuance	-$158M
Common Stock Repurchased	-$305M
Common Dividends Paid	$0
Other Financing Activities	$27M
NET CASH FROM FINANCING	-$435M
FREE CASH FLOW	$551M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$400M
Short-Term Investments	$0
Net Receivables	$6.0B
Inventory	$2.3B
Other Current Assets	$253M
TOTAL CURRENT ASSETS	$9.0B
PP&E (Net)	$636M
Goodwill	$2.1B
Intangible Assets	$336M
Long-Term Investments	$69M
Tax Assets	$2.1B
Other Non-Current Assets	$300M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$12.4B
Account Payables	$5.0B
Short-Term Debt	$13M
Deferred Revenue	$0
Other Current Liabilities	$3M
TOTAL CURRENT LIABILITIES	$5.8B
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$370M
TOTAL NON-CURRENT LIABILITIES	$2.4B
TOTAL LIABILITIES	$8.3B
Common Stock	$125M
Additional Paid-In Capital	$1.1B
Retained Earnings	$4.2B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	-$65M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.2B
Minority Interest	$5M
TOTAL EQUITY	$4.2B
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$2.1B
Net Debt	$1.7B