$APH

AMPHENOL CORP /DE/

CIK:0000820313|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Net sales	$ 8,758.1	$ 5,650.3	$ 16,378.2	$ 10,461.3
Cost of sales	5,210.1	3,597.0	10,030.0	6,764.0
Gross profit	3,548.0	2,053.3	6,348.2	3,697.3
Acquisition-related expenses	23.5	12.0	140.4	56.0
Selling, general and administrative expenses	939.9	622.5	1,791.4	1,197.7
Operating income	2,584.6	1,418.8	4,416.4	2,443.6
Interest expense	(213.7)	(80.9)	(421.6)	(157.4)
Other income (expense), net	17.5	10.2	39.2	24.7
Income before income taxes	2,388.4	1,348.1	4,034.0	2,310.9
Provision for income taxes	(604.3)	(247.3)	(1,306.5)	(465.9)
Net income	1,784.1	1,100.8	2,727.5	1,845.0
Less: Net income attributable to noncontrolling interests	(14.9)	(9.5)	(25.3)	(15.9)
Net income attributable to Amphenol Corporation	$ 1,769.2	$ 1,091.3	$ 2,702.2	$ 1,829.1
Net income attributable to Amphenol Corporation per common share - Basic (in dollars per share)	$ 1.44	$ 0.9	$ 2.2	$ 1.51
Weighted average common shares outstanding - Basic (in shares)	1,230.4	1,215.3	1,229.7	1,212.5
Net income attributable to Amphenol Corporation per common share - Diluted (in dollars per share)	$ 1.37	$ 0.86	$ 2.1	$ 1.44
Weighted average common shares outstanding - Diluted (in shares)	1,289.2	1,272.2	1,289.4	1,269.2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Cash from operating activities:
Net income	$ 1,784.1	$ 1,100.8	$ 2,727.5	$ 1,845.0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	341.4	209.4	827.2	445.7
Stock-based compensation expense			79.6	57.9
Deferred income tax provision (benefit)			279.9	(35.4)
Net change in components of working capital			(1,176.4)	(374.3)
Net change in other long-term assets and liabilities			(59.1)	242.8
Net cash provided by operating activities			2,678.7	2,181.7
Cash from investing activities:
Capital expenditures			(647.1)	(485.7)
Proceeds from disposals of property, plant and equipment			5.1	5.7
Purchases of investments			(701.0)	(12.6)
Sales and maturities of investments			325.4	11.6
Acquisitions, net of cash acquired			(10,684.0)	(2,483.2)
Other, net			(2.0)	0.0
Net cash used in investing activities			(11,703.6)	(2,964.2)
Cash from financing activities:
Proceeds from issuance of senior notes and other long-term debt			4,927.2	1,430.0
Repayments of senior notes and other long-term debt			(1,535.7)	(400.9)
Borrowings (repayments) under commercial paper programs, net			0.0	0.0
Payment of costs related to debt financing			(11.7)	(9.1)
Purchase of treasury stock			(386.0)	(341.0)
Proceeds from exercise of stock options			200.6	333.8
Distributions to and purchases of noncontrolling interests			(0.6)	(1.9)
Dividend payments	(307.4)	(199.6)	(614.0)	(399.1)
Other, net			5.4	0.5
Net cash provided by financing activities			2,585.2	612.3
Effect of exchange rate changes on cash and cash equivalents			38.5	60.2
Net decrease in cash and cash equivalents			(6,401.2)	(110.0)
Cash and cash equivalents balance, beginning of period			11,130.6	3,317.0	$ 3,317.0
Cash and cash equivalents balance, end of period	$ 4,729.4	$ 3,207.0	4,729.4	3,207.0	$ 11,130.6
Cash paid for:
Interest			375.8	139.3
Income taxes, net			$ 1,158.3	$ 502.4

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 4,729.4	$ 11,130.6
Short-term investments	689.7	303.6
Total cash, cash equivalents and short-term investments	5,419.1	11,434.2
Accounts receivable, less allowance for doubtful accounts of $98.1 and $99.3, respectively	6,790.1	4,717.1
Inventories	4,551.6	3,424.9
Prepaid expenses and other current assets	1,056.0	691.0
Total current assets	17,816.8	20,267.2
Property, plant and equipment, less accumulated depreciation of $3,473.3 and $3,096.0, respectively	2,932.2	2,305.6
Goodwill	17,554.7	10,575.4
Other intangible assets, net	5,288.9	2,241.4
Other long-term assets	1,214.0	847.3
Total Assets	44,806.6	36,236.9
Current Liabilities:
Accounts payable	4,009.1	2,661.9
Accrued salaries, wages and employee benefits	874.8	767.7
Accrued income taxes	351.0	482.9
Accrued dividends	308.0	306.7
Other accrued expenses	2,260.8	1,646.4
Current portion of long-term debt	1,634.3	937.2
Total current liabilities	9,438.0	6,802.8
Long-term debt, less current portion	17,177.0	14,564.8
Accrued pension and postretirement benefit obligations	158.9	138.2
Deferred income taxes	1,381.1	432.9
Other long-term liabilities	1,029.5	788.5
Total Liabilities	29,184.5	22,727.2
Redeemable noncontrolling interests	9.0	9.3
Equity:
Common stock	1.2	1.2
Additional paid-in capital	4,505.7	4,232.9
Retained earnings	11,644.9	9,854.3
Treasury stock, at cost	(256.0)	(195.8)
Accumulated other comprehensive loss	(404.2)	(479.5)
Total stockholders' equity attributable to Amphenol Corporation	15,491.6	13,413.1
Noncontrolling interests	121.5	87.3
Total Equity	15,613.1	13,500.4
Total Liabilities, Redeemable Noncontrolling Interests and Equity	$ 44,806.6	$ 36,236.9