$AVT

AVNET INC

CIK:0000008858|SEC Filings

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Income Statement [Abstract]
Sales	$ 27,632,683	$ 22,200,754	$ 23,757,129
Revenue from Contract with Customer, Product and Service [Extensible Enumeration]	us-gaap:TechnologyServiceMember	us-gaap:TechnologyServiceMember	us-gaap:TechnologyServiceMember
Cost of sales	$ 24,750,787	$ 19,815,798	$ 20,990,687
Cost, Product and Service [Extensible Enumeration]	us-gaap:TechnologyServiceMember	us-gaap:TechnologyServiceMember	us-gaap:TechnologyServiceMember
Gross profit	$ 2,881,896	$ 2,384,956	$ 2,766,442
Selling, general and administrative expenses	2,022,408	1,762,386	1,869,525
Restructuring, integration and other expenses	134,706	108,316	52,550
Operating income	724,782	514,254	844,367
Other expense, net	(6,631)	(17,283)	(15,736)
Interest and other financing expenses, net	(250,715)	(246,402)	(282,867)
Gain on legal settlements and other			86,499
Income before taxes	467,436	250,569	632,263
Income tax expense	133,047	10,352	133,564
Net income	$ 334,389	$ 240,217	$ 498,699
Earnings per share:
Basic	$ 4.07	$ 2.78	$ 5.51
Diluted	$ 4.01	$ 2.75	$ 5.43
Shares used to compute earnings per share:
Basic	82,158	86,266	90,567
Diluted	83,415	87,413	91,837
Cash dividends paid per common share	$ 1.4	$ 1.32	$ 1.24

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 27, 2026	Jun. 28, 2025	Jun. 29, 2024
Cash flows from operating activities:
Net income	$ 334,389	$ 240,217	$ 498,699
Non-cash and other reconciling items:
Depreciation, Depletion and Amortization, Nonproduction	76,786	71,616	86,708
Amortization of Operating Lease Assets	57,961	53,579	53,796
Deferred income taxes	6,010	(105,412)	(9,749)
Stock-based compensation	48,692	36,399	33,496
Other, net	(2,406)	25,942	15,800
Changes in (net of effects from businesses acquired and divested):
Receivables	(2,614,899)	183,533	316,218
Inventories	(918,329)	409,553	(51,203)
Accounts payable	2,608,416	101,702	4,496
Accrued expenses and other, net	122,455	(292,625)	(258,277)
Net cash flows (used for) provided by operating activities	(280,925)	724,504	689,984
Cash flows from financing activities:
Issuance of convertible notes, net of issuance costs	633,750
Repayment of public notes	(550,000)
Borrowings (repayments) under accounts receivable securitization, net		84,900	(140,700)
Borrowings (repayments) under senior unsecured credit facility, net	157,938	(357,299)	(43,277)
Borrowings (repayments) under bank credit facilities and other debt, net	57,033	(2,451)	27,491
Borrowings of term loans	270,161
Repurchases of common stock	(138,308)	(303,490)	(162,723)
Dividends paid on common stock	(114,361)	(113,310)	(111,963)
Other, net	(321)	(1,876)	(2,627)
Net cash flows provided by (used for) financing activities	315,892	(693,526)	(433,799)
Cash flows from investing activities:
Purchases of property, plant and equipment	(73,572)	(147,474)	(226,478)
Other, net	2,099	10,347	994
Net cash flows used for investing activities	(71,473)	(137,127)	(225,484)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	(526)	(12,364)	(7,990)
Cash and cash equivalents:
Increase (Decrease)	(37,032)	(118,513)	22,711
Cash and cash equivalents at beginning of year	192,428	310,941	288,230
Cash and cash equivalents at end of year	$ 155,396	$ 192,428	$ 310,941

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 27, 2026	Jun. 28, 2025
Current assets:
Cash and cash equivalents	$ 155,396	$ 192,428
Receivables	6,882,965	4,327,450
Inventories	6,069,419	5,235,485
Prepaid and other current assets	226,043	263,374
Total current assets	13,333,823	10,018,737
Property, plant and equipment, net	644,574	667,247
Goodwill	810,163	837,031
Operating lease assets	248,958	201,896
Other assets	387,875	393,642
Total assets	15,425,393	12,118,553
Current liabilities:
Short-term debt	733,952	87,284
Accounts payable	6,054,326	3,487,419
Accrued expenses and other	659,266	497,154
Operating Lease, Liability, Current	55,888	56,247
Total current liabilities	7,503,432	4,128,104
Long-term debt	2,478,864	2,574,729
Operating Lease, Liability, Noncurrent	207,111	159,449
Other liabilities	213,483	244,776
Total liabilities	10,402,890	7,107,058
Commitments and contingencies (Note 13)
Shareholders' equity:
Common stock $1.00 par; authorized 300,000,000 shares; issued 82,082,259 shares and 83,853,935 shares, respectively	82,082	83,854
Additional paid-in capital	1,802,639	1,755,141
Retained earnings	3,513,176	3,430,193
Accumulated other comprehensive loss	(375,394)	(257,693)
Total shareholders' equity	5,022,503	5,011,495
Total liabilities and shareholders' equity	$ 15,425,393	$ 12,118,553