ARW FY 2020 Earnings Report — Arrow Electronics, Inc. Revenue & Financial Results | Market Cap Arena

Arrow Electronics, Inc.ARW

FY 2020 Earnings

Reported February 11, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$28.7B	—	—	—	—
Op. Income	$895M	—	—	—	—
Gross Margin	11.1%	—	—	—	—
Net Margin	2.0%	—	—	—	—
EPS (Diluted)	$7.43	—	—	—	—
Free Cash Flow	$1.2B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$28.7B
Cost of Revenue	$25.5B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.1B
SG&A Expenses	$2.1B
Other Expenses	$207M
Operating Expenses	$2.3B
Cost & Expenses	$27.8B
OPERATING INCOME	$895M
Interest Income	$0
Interest Expense	$137M
Other Income/Expenses	-$135M
INCOME BEFORE TAX	$759M
Income Tax Expense	$173M
Net Income from Continuing Ops	$586M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$584M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$584M
D&A	$189M
EBIT	$896M
EBITDA	$1.1B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$28.7B
Cost of Revenue	$25.5B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.1B
SG&A Expenses	$2.1B
Other Expenses	$207M
Operating Expenses	$2.3B
Cost & Expenses	$27.8B
OPERATING INCOME	$895M
Interest Income	$0
Interest Expense	$137M
Other Income/Expenses	-$135M
INCOME BEFORE TAX	$759M
Income Tax Expense	$173M
Net Income from Continuing Ops	$586M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$584M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$584M
D&A	$189M
EBIT	$896M
EBITDA	$1.1B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$586M
Depreciation & Amortization	$189M
Stock-Based Compensation	$35M
Deferred Income Tax	$30M
Other Non-Cash Items	$7M
Change in Working Capital	$512M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$124M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$15M
NET CASH FROM INVESTING	-$139M
Net Debt Issuance	-$716M
Common Stock Repurchased	-$484M
Common Dividends Paid	$0
Other Financing Activities	-$27M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.2B
Net Change in Cash	$74M

Balance Sheet

Item	Amount
Cash & Equivalents	$374M
Short-Term Investments	$0
Net Receivables	$9.2B
Inventory	$3.3B
Other Current Assets	$287M
TOTAL CURRENT ASSETS	$13.2B
PP&E (Net)	$800M
Goodwill	$2.1B
Intangible Assets	$234M
Long-Term Investments	$76M
Tax Assets	$0
Other Non-Current Assets	$676M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$17.1B
Account Payables	$7.9B
Short-Term Debt	$159M
Deferred Revenue	$0
Other Current Liabilities	$71M
TOTAL CURRENT LIABILITIES	$9.1B
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$676M
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$11.9B
Common Stock	$125M
Additional Paid-In Capital	$1.2B
Retained Earnings	$6.7B
Treasury Stock	-$2.8B
Accum. Other Comp. Income	-$105M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$60M
TOTAL EQUITY	$5.1B
TOTAL LIABILITIES & EQUITY	$17.1B
Total Debt	$2.3B
Net Debt	$1.9B