Avnet, inc. (AVT)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jul'17Mar'17Dec'16Sep'16Jul'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Dec'08Sep'08
Cash flows from operating activities:
Net (loss) income

-128,662

3,668

41,752

-31,836

88,048

36,401

83,724

58,615

-320,066

46,724

58,303

81,446

271,771

103,218

68,843

96,806

123,459

156,012

130,254

158,733

121,528

163,706

127,946

186,265

113,851

124,864

120,624

126,091

86,196

137,481

100,305

133,404

147,562

147,023

139,030

238,830

151,031

141,034

138,174

141,119

114,505

103,851

50,895

-30,878

15,796

-1,204,969

90,339

Less: Loss from discontinued operations, net of tax

-

-

-

3,292

-6,887

-374

195

876

-4,462

-10,070

121

8,168

181,851

70,753

1,155

24,754

15,667

55,935

19,266

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from continuing operations, net of tax

-128,662

5,216

41,752

-35,128

94,935

36,775

83,529

57,739

-315,604

56,794

58,182

73,278

89,920

32,465

67,688

72,052

107,792

100,077

110,988

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash and other reconciling items:
Depreciation

25,713

25,153

24,669

24,468

24,568

22,735

25,389

29,286

36,601

39,247

38,263

37,607

18,184

25,922

19,694

19,555

16,798

17,254

16,737

-4,483

23,947

23,838

23,134

25,072

22,661

23,834

20,897

23,049

22,520

14,556

28,208

2,776

26,122

22,352

22,301

22,289

19,610

18,647

20,843

14,559

14,957

15,480

15,647

15,280

15,212

16,150

19,139

Amortization

20,900

21,400

19,900

20,582

21,900

20,400

20,800

21,615

22,604

21,750

25,506

19,768

22,426

9,829

1,930

3,346

1,866

1,598

2,436

-16,875

10,640

10,433

11,557

11,643

12,178

12,509

8,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of Operating Lease Assets

15,206

15,515

15,839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

27,011

11,548

3,970

11,485

-429

-8,027

-36,830

13,015

18,205

32,485

23,436

2,143

24,874

-2,900

-6,412

-103,635

-4,671

4,089

-3,381

-38,197

14,225

4,985

10,290

-5,206

8,925

2,381

9,544

-19,056

8,505

3,421

-2,889

-16,656

19,282

-3,745

12,901

28,250

9,412

-8,676

-13,020

11,190

19,215

4,262

11,757

-2,059

-65,612

-19,359

-5,757

Stock-based compensation

6,254

7,285

7,218

5,894

7,127

8,033

9,044

5,563

1,337

8,481

8,609

5,908

9,253

14,949

17,576

9,184

9,300

14,074

24,350

13,116

12,760

14,432

21,698

12,020

4,956

10,210

18,730

7,754

8,239

8,779

18,905

6,951

6,391

8,143

14,252

3,916

4,246

12,167

8,602

4,356

4,208

4,675

15,124

3,853

1,204

1,702

11,510

Gain on bargain purchase and other (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-339

0

59

31,291

-

-

-

0

0

-6,308

0

29,023

-

-

-

-

-

-

-

-

Other, net

-14,391

-12,575

-8,034

64,051

34,651

-62,443

-14,994

-13,540

-7,919

-17,484

-4,902

-18,541

2,506

-2,355

-10,714

-692

-10,447

-8,829

-9,411

1,802

-23,243

-16,808

-17,715

-33,863

-3,208

-27,774

-23,842

-17,527

-26,971

-15,841

-14,988

-18,790

-13,392

-18,893

-15,188

-11,498

-14,331

-9,747

-21,270

-27,178

3,430

3,859

4,504

-67,530

8,504

13,722

6,890

Changes in (net of effects from businesses acquired and divested):
Receivables

35,503

-192,301

6,703

-28,599

-242,862

-212,812

19,292

198,028

206,606

-140,868

32,409

36,203

208,464

62,566

64,587

63,096

7,550

-137,779

-124,076

61,608

-525,023

752,585

-41,525

251,020

-715,875

861,446

-89,718

91,306

-397,046

677,630

-277,687

3,732

-175,250

224,673

-125,422

29,833

-153,568

434,283

110,909

337,836

-60,828

573,928

219,366

-87,909

-583,083

39,809

-78,725

Inventories

-133,814

-158,376

64,194

-207,339

-84,172

-60,067

269,649

-29,276

-72,422

143,363

266,998

1,695

53,569

42,568

-182,240

64,913

162,136

-93,251

282,846

-11,655

84,037

-159,894

165,851

111,883

-44,212

-61,695

220,165

-33,423

53,948

-143,520

-102,672

-57,427

-73,070

-91,670

88,989

59,243

-78,405

71,333

269,768

103,483

83,552

137,362

135,520

-235,908

-197,396

-107,648

57,499

Accounts payable

-60,212

-242,457

189,746

21,671

-194,272

-300,373

95,119

228,876

105,390

38,090

37,252

77,484

-47,578

298,475

-164,777

-222,981

137,238

-237,998

-2,476

-936

-464,888

612,173

-28,836

197,476

-497,346

476,566

-128,045

97,075

-426,771

633,732

-382,870

33,014

-398,698

420,383

-373,793

120,147

-250,336

164,664

130,710

379,454

-169,476

440,527

312,827

107,722

-374,259

31,456

-140,428

Accrued expenses and other, net

-12,405

-35,198

-36,660

-55,324

22,148

-58,742

-81,753

55,223

189,792

-78,095

22,140

-111,964

34,460

-88,959

33,522

-88,460

-6,896

-32,716

-33,535

42,844

-122,313

11,395

-99,833

-33,429

-70,416

93,605

-69,730

63,388

-55,520

31,714

-44,738

-620

-34,290

-31,483

-70,459

-54,405

1,527

88,891

-9,209

11,343

-24,317

46,654

-49,642

-145,097

92,569

64,151

-8,214

Net cash flows provided by operating activities - continuing operations

98,404

148,564

195,642

334,625

269,221

72,187

-84,979

235,613

77,090

68,771

-127,989

80,581

-162,748

192,802

110,412

-230,986

111,530

98,059

-27,478

33,303

60,128

265,079

-40,655

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows used for operating activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-264,642

-261,972

47,424

-110,548

158,174

101,355

19,924

-6,263

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows provided by operating activities

98,404

148,564

195,642

334,625

269,221

15,903

-84,979

235,613

77,090

68,771

-127,989

-184,061

-424,720

240,226

-136

-72,812

212,885

117,983

-33,741

-

-

-

-

-

-

-28,008

-126,191

-

22,006

326,431

80,977

259,282

23,621

449,962

-204,147

281,449

188,102

-79,142

-112,330

124,294

-63,404

-97,531

6,226

329,900

473,893

319,537

-5,295

Cash flows from financing activities:
Repayment of notes

-

-

-

-

-

-

-

-

-

-

-

0

152,241

78,559

300,000

-

-

-

250,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

104,395

0

5,205

-

-

-

-

-

-

-

-

Borrowings (repayments) under accounts receivable securitization, net

-92,000

-146,200

110,800

-219,700

-24,000

406,000

-40,000

10,000

-125,000

50,000

28,000

-96,000

-227,037

-114,698

-150,265

480,008

-439,984

73,017

-33,045

-75,638

33,000

17,000

60,000

25,000

170,000

92,000

-32,000

-51,000

107,000

-407,000

41,000

-80,000

140,000

125,000

325,000

-325,000

35,000

260,000

190,000

-

-

-

-

-

-

-

-

Repayments under bank credit facilities and other debt, net

-2,570

631

745

-146,743

25,585

9,090

50,330

-

-

-7,500

-92,471

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under senior unsecured credit facility, net

-

201

1,100

-

-

-622

1,217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings (repayments) under bank credit facilities and other debt, net

-

-

-

-

-

-

-

-53,661

-16,912

-2,493

-24,888

46,263

592

-688,781

669,803

-393,558

-5,729

-774

418,756

-12,114

-58,958

4,541

-41,955

-17,893

1,222

-12,337

67,773

10,834

-19,941

-302,974

131,140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Repayments of) proceeds from bank debt, net (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29,561

-46,247

64,281

-40,594

-20,282

2,075

60,445

-16,641

-24,751

10,311

29,349

-65,259

-17,794

-695

-6,696

(Repayments of) proceeds from other debt, net (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-253

-256

-6,334

2

-2,640

16,210

-1,363

-1,448

-202

210

-10,312

-4,254

-3,949

2,154

Repurchases of common stock

37,200

87,825

110,805

120,811

112,497

186,310

149,094

114,050

74,008

67,345

68,113

-

-

-

-

46,766

149,473

40,979

143,725

12,378

38,477

96,865

12,264

7,364

1,252

0

0

0

0

78,485

128,707

69,493

27,889

139,030

81,921

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on common stock

20,800

20,900

21,500

20,970

21,487

21,769

22,932

22,057

22,626

21,560

22,012

22,180

23,051

21,750

21,676

21,650

21,924

22,408

22,612

21,728

21,727

21,759

22,116

20,746

20,746

20,643

20,620

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-10,245

-5,435

548

2,085

-5,158

-2,128

17,328

-1,280

-1,524

-635

-579

-17,708

2,013

13,143

682

580

-10,948

1,423

-2,503

491

-8,554

-3,386

-2,053

-1,281

6,097

422

3,871

293

1,148

2,071

1,280

35

4,779

188

588

699

2,012

1,137

82

840

1,231

894

1,873

282

378

148

756

Net cash flows used for financing activities - continuing operations

-160,410

-261,267

-22,753

-494,248

-29,508

187,325

-246,245

-72,227

-240,070

-49,533

-180,063

-140,940

-1,956,854

707,659

198,544

119,271

-86,015

10,279

-33,129

-83,367

-94,716

-100,469

-18,388

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows provided by financing activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

0

19,952

-11,749

-4,756

-13,278

9,838

26,549

-160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows used for financing activities

-160,410

-261,267

-22,753

-494,248

-29,508

187,325

-246,245

-72,227

-240,070

-49,533

-180,063

-140,940

-1,936,902

695,910

193,788

105,993

-76,177

36,828

-33,289

-

-

-

-

-

-

59,442

19,024

-

88,207

-437,130

44,713

-51,622

87,345

-60,342

307,692

-371,229

-87,663

260,572

261,532

279,305

-24,968

11,003

31,432

-77,230

-319,729

-4,496

-3,786

Cash flows from investing activities:
Purchases of property, plant and equipment

16,904

14,388

29,864

21,307

31,197

29,179

41,007

43,656

44,820

40,738

26,659

12,437

37,536

35,695

34,729

30,599

32,384

43,187

31,205

-66

49,780

47,062

36,580

42,010

34,208

19,640

27,384

21,964

20,117

30,913

24,385

33,264

24,538

31,184

39,666

43,486

35,016

38,267

31,938

23,983

18,440

14,151

10,314

20,967

39,651

22,023

27,578

Acquisitions of businesses, net of cash acquired

-

-

-

-

-

-

-

-3,367

3,960

0

14,661

-

-

-

-

-

-

-

-

-

-

-

-

0

0

95,932

20,950

18,244

73,102

83,784

87,176

83,694

121,951

4,341

103,232

0

64,126

52,056

574,815

32,972

30,755

5,130

476

5,077

97,136

5,344

207,384

Cash proceeds from divestiture, net of cash divested

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-887

4,500

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-551

583

12,515

11,647

-41,106

-898

-65

367

-4,618

-1,191

-1,211

-252

-10,638

-7,334

-432

-6,015

-448

-7,543

-1,568

2,940

-30

10,952

-2,157

1,392

-2,258

-136

-1,664

-6,342

-252

-341

304

466

466

-329

443

8,265

629

1,339

388

5,681

893

4,200

1,241

3,317

8,207

845

788

Net cash flows used for investing activities - continuing operations

-16,353

-66,480

-42,379

-22,913

5,965

-90,795

-40,942

-40,656

-44,162

-39,547

-40,109

-13,765

-29,696

-826,727

-34,297

-24,584

-31,936

-35,644

-29,637

-2,874

-49,750

-58,014

-34,423

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows provided by investing activities - discontinued operations

-

-

-

0

0

3,473

120,000

82,272

41,269

67,273

45,391

7,575

2,238,477

-2,998

-95

-5,620

-4,104

-18,593

-2,395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows used for investing activities

-16,353

-66,480

-42,379

-22,913

5,965

-87,322

79,058

41,616

-2,893

27,726

5,282

-6,190

2,208,781

-829,725

-34,392

-30,204

-36,040

-54,237

-32,032

-

-

-

-

-

-

-115,436

-46,670

-

-92,967

-115,851

-106,757

-116,492

-146,023

-35,854

-142,455

-26,571

-88,055

-88,984

-606,365

-51,274

-45,100

-6,498

-9,549

-8,409

-128,580

-26,522

-234,174

Effect on currency exchange rate changes on cash and cash equivalents

-7,796

3,885

-12,507

3,389

-2,592

408

-3,107

-13,942

6,420

2,875

6,065

38,342

11,932

-32,814

5,807

-7,984

19,729

-9,181

-8,796

1,325

-15,525

-17,636

-21,134

995

-657

-2,280

10,107

-1,012

-11,601

-1,204

17,236

-24,405

6,638

-7,676

-13,994

9,936

12,434

2,779

26,767

-14,797

-6,825

601

15,266

13,924

-10,701

-4,591

-10,269

Cash and cash equivalents:
(Decrease) increase

-86,155

-175,298

118,003

-179,147

243,086

116,314

-255,273

191,060

-159,453

49,839

-296,705

-292,849

-140,909

73,597

165,067

-5,007

120,397

91,393

-107,858

129,085

-99,863

88,960

-114,600

-31,178

180,818

-86,282

-143,730

188,419

5,645

-227,754

36,169

66,763

-28,419

346,090

-52,904

-106,415

24,818

95,225

-430,396

337,528

-140,297

-92,425

43,375

258,185

14,883

283,928

-253,524