ARW FY 2016 Earnings Report — Arrow Electronics, Inc. Revenue & Financial Results | Market Cap Arena

Arrow Electronics, Inc.ARW

FY 2016 Earnings

Reported February 7, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$23.8B	—	—	—	—
Op. Income	$859M	—	—	—	—
Gross Margin	13.2%	—	—	—	—
Net Margin	2.2%	—	—	—	—
EPS (Diluted)	$5.68	—	—	—	—
Free Cash Flow	$195M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$23.8B
Cost of Revenue	$20.7B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.1B
SG&A Expenses	$2.1B
Other Expenses	$159M
Operating Expenses	$2.2B
Cost & Expenses	$22.9B
OPERATING INCOME	$859M
Interest Income	$0
Interest Expense	$151M
Other Income/Expenses	-$161M
INCOME BEFORE TAX	$715M
Income Tax Expense	$191M
Net Income from Continuing Ops	$525M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$523M
Net Income Deductions	-$65.0K
BOTTOM LINE NET INCOME	$523M
D&A	$159M
EBIT	$867M
EBITDA	$1.1B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$23.8B
Cost of Revenue	$20.7B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.1B
SG&A Expenses	$2.1B
Other Expenses	$159M
Operating Expenses	$2.2B
Cost & Expenses	$22.9B
OPERATING INCOME	$859M
Interest Income	$0
Interest Expense	$151M
Other Income/Expenses	-$161M
INCOME BEFORE TAX	$715M
Income Tax Expense	$191M
Net Income from Continuing Ops	$525M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$523M
Net Income Deductions	-$65.0K
BOTTOM LINE NET INCOME	$523M
D&A	$159M
EBIT	$867M
EBITDA	$1.1B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$525M
Depreciation & Amortization	$159M
Stock-Based Compensation	$40M
Deferred Income Tax	$29M
Other Non-Cash Items	-$4M
Change in Working Capital	-$389M
OPERATING CASH FLOW	$360M
Capital Expenditure	-$165M
Acquisitions (Net)	-$65M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$12M
NET CASH FROM INVESTING	-$241M
Net Debt Issuance	$362M
Common Stock Repurchased	-$216M
Common Dividends Paid	$0
Other Financing Activities	$17M
NET CASH FROM FINANCING	$162M
FREE CASH FLOW	$195M
Net Change in Cash	$261M

Balance Sheet

Item	Amount
Cash & Equivalents	$534M
Short-Term Investments	$0
Net Receivables	$6.7B
Inventory	$2.9B
Other Current Assets	$180M
TOTAL CURRENT ASSETS	$10.3B
PP&E (Net)	$756M
Goodwill	$2.4B
Intangible Assets	$337M
Long-Term Investments	$88M
Tax Assets	$274M
Other Non-Current Assets	$42M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$14.2B
Account Payables	$5.8B
Short-Term Debt	$94M
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$6.7B
Long-Term Debt	$2.7B
Deferred Revenue NC	-$258M
Deferred Tax Liabilities	$258M
Other Non-Current Liabilities	$355M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$9.7B
Common Stock	$125M
Additional Paid-In Capital	$1.1B
Retained Earnings	$5.2B
Treasury Stock	-$1.6B
Accum. Other Comp. Income	-$384M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.4B
Minority Interest	$52M
TOTAL EQUITY	$4.5B
TOTAL LIABILITIES & EQUITY	$14.2B
Total Debt	$2.8B
Net Debt	$2.3B