ARW FY 2021 Earnings Report — Arrow Electronics, Inc. Revenue & Financial Results | Market Cap Arena

Arrow Electronics, Inc.ARW

FY 2021 Earnings

Reported February 11, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$34.5B	—	$28.7B	—	20.2%
Op. Income	$1.6B	—	$895M	—	74.0%
Gross Margin	12.2%	—	11.1%	—	1.1pp
Net Margin	3.2%	—	2.0%	—	1.2pp
EPS (Diluted)	$15.10	—	$7.43	—	103.2%
Free Cash Flow	$336M	—	$1.2B	—	-72.8%

Revenue Flow

Item	Amount
REVENUE	$34.5B
Cost of Revenue	$30.3B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.4B
SG&A Expenses	$2.4B
Other Expenses	$205M
Operating Expenses	$2.6B
Cost & Expenses	$32.9B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$132M
Other Income/Expenses	-$120M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$326M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$195M
EBIT	$1.6B
EBITDA	$1.8B
EPS	$15
EPS Diluted	$15

Income Statement

Item	Amount
REVENUE	$34.5B
Cost of Revenue	$30.3B
GROSS PROFIT	$4.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.4B
SG&A Expenses	$2.4B
Other Expenses	$205M
Operating Expenses	$2.6B
Cost & Expenses	$32.9B
OPERATING INCOME	$1.6B
Interest Income	$0
Interest Expense	$132M
Other Income/Expenses	-$120M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$326M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$195M
EBIT	$1.6B
EBITDA	$1.8B
EPS	$15
EPS Diluted	$15

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$195M
Stock-Based Compensation	$36M
Deferred Income Tax	$25M
Other Non-Cash Items	-$8M
Change in Working Capital	-$940M
OPERATING CASH FLOW	$419M
Capital Expenditure	-$83M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$60M
Net Debt Issuance	$377M
Common Stock Repurchased	-$912M
Common Dividends Paid	$0
Other Financing Activities	$72M
NET CASH FROM FINANCING	-$463M
FREE CASH FLOW	$336M
Net Change in Cash	-$151M

Balance Sheet

Item	Amount
Cash & Equivalents	$222M
Short-Term Investments	$0
Net Receivables	$11.1B
Inventory	$4.2B
Other Current Assets	$345M
TOTAL CURRENT ASSETS	$15.9B
PP&E (Net)	$683M
Goodwill	$2.1B
Intangible Assets	$195M
Long-Term Investments	$64M
Tax Assets	$0
Other Non-Current Assets	$620M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$19.5B
Account Payables	$9.6B
Short-Term Debt	$383M
Deferred Revenue	$0
Other Current Liabilities	$67M
TOTAL CURRENT LIABILITIES	$11.3B
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$624M
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$14.2B
Common Stock	$125M
Additional Paid-In Capital	$1.2B
Retained Earnings	$7.8B
Treasury Stock	-$3.6B
Accum. Other Comp. Income	-$192M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.3B
Minority Interest	$59M
TOTAL EQUITY	$5.3B
TOTAL LIABILITIES & EQUITY	$19.5B
Total Debt	$2.6B
Net Debt	$2.4B