AVNET, INC. AVT Income Statement

Avnet, inc. (AVT)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jul'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Dec'08	Sep'08
Sales
4,309	4,534	4,630	4,680	4,698	5,048	5,089	5,059	4,795	4,521	4,660	4,606	4,441	4,273	4,118	3,896	4,081	4,161	4,600	-3,473	6,736	7,551	6,839	7,048	6,683	7,421	6,345	6,590	6,298	6,699	5,870	6,307	6,280	6,693	6,426	6,912	6,672	6,767	6,182	5,213	4,756	4,834	4,355	3,765	3,700	4,269	4,494
Cost of sales
3,790	4,009	4,086	4,085	4,074	4,418	4,453	4,400	4,141	3,919	4,048	3,975	3,811	3,687	3,595	3,408	3,561	3,656	4,037	-3,275	5,962	6,714	6,044	6,211	5,878	6,573	5,610	5,819	5,542	5,931	5,185	5,548	5,526	5,909	5,672	6,087	5,885	5,994	5,459	4,568	4,173	4,282	3,855	3,322	3,238	3,735	3,910
Gross profit
518	525	543	595	624	630	636	658	653	602	612	630	629	586	522	488	520	505	563	-197	774	837	795	837	804	848	735	770	756	768	684	759	753	784	753	824	786	773	723	645	582	551	499	442	462	533	584
Selling, general and administrative expenses
469	464	456	459	468	471	475	500	505	484	501	512	480	431	363	362	362	354	380	-197	555	573	583	604	593	598	544	548	561	547	546	525	518	518	530	553	529	516	500	428	408	389	392	357	374	380	419
Goodwill impairment expense
-	-	-	-	-	-	-	-	181	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges (Note 6)
145	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,348	-
Restructuring, integration and other expenses
19	14	24	28	2	62	14	36	25	36	46	42	35	30	29	9	8	14	12	-5	15	13	18	27	26	28	12	59	27	24	37	20	18	34	0	3	16	29	28	0	7	0	18	43	32	13	9
Operating (loss) income
-115	46	62	-30	153	96	146	121	-58	81	64	75	114	124	129	116	150	136	169	5	203	250	193	204	184	221	178	162	167	195	99	213	216	230	223	267	240	227	194	217	167	162	89	-20	55	-1,208	154
Other (expense) income, net
-12	-0	4	1	8	2	-1	-3	9	3	18	-2	19	-36	-13	-3	1	-2	0	21	-8	-5	-1	-4	2	-4	0	-6	4	1	1	-4	3	0	-5	5	2	-0	3	-1	1	-0	2	-3	-8	0	-0
Interest and other financing expenses, net
29	33	33	34	36	33	30	24	23	22	22	18	27	26	27	27	21	20	22	15	23	24	23	24	25	28	26	28	27	27	23	23	23	22	21	22	23	24	22	15	15	15	15	14	21	21	21
Gain on legal settlement (Note 13)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	0	19	-0	0	0	31	-0	4	-1	0	0	-6	0	29	-	-	-	-	-	-	-	-
Income (loss) from continuing operations before taxes
-158	12	34	-63	125	64	114	93	-72	62	61	54	106	60	88	85	130	113	148	12	170	220	168	175	164	188	171	127	144	168	108	186	200	208	195	250	213	202	204	200	156	151	76	-24	25	-1,229	132
Gain on sale of assets (Note 2)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	5	-	-	0	0	-
Income tax (benefit) expense
-29	6	-7	-27	30	28	31	35	243	5	3	-18	16	28	20	15	22	10	37	-59	49	56	40	-10	51	63	51	1	58	31	8	52	53	61	56	11	62	61	66	59	42	47	25	6	10	-24	42
Income (loss) from continuing operations, net of tax
-128	5	41	-35	94	36	83	57	-315	56	58	73	89	32	67	69	107	102	110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of tax
-	-1	-	3	-6	-0	0	0	-4	-10	0	8	181	70	1	26	15	53	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-128	3	41	-31	88	36	83	58	-320	46	58	81	271	103	68	96	123	156	130	158	121	163	127	186	113	124	120	126	86	137	100	133	147	147	139	238	151	141	138	141	114	103	50	-30	15	-1,204	90
Earnings (loss) per share:
Basic (loss) earnings per share-continuing operations
-1.29	0.05	0.40	-0.29	0.87	0.33	0.73	0.50	-2.64	0.47	0.48	0.59	0.70	0.25	0.53	0.56	0.83	0.77	0.83	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic loss per share-discontinued operations
-	-0.01	-	-	-0.06	0.00	-	0.01	-0.04	-0.08	0.00	0.08	1.42	0.55	0.01	0.21	0.12	0.41	0.14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic (loss) earnings per share
-1.29	0.04	0.40	-0.26	0.81	0.33	0.73	0.51	-2.68	0.39	0.48	0.67	2.12	0.80	0.54	0.77	0.95	1.18	0.97	1.16	0.89	1.20	0.93	1.34	0.82	0.91	0.88	0.91	0.63	1.01	0.71	0.92	1.02	1.00	0.91	1.56	0.99	0.93	0.91	0.93	0.75	0.69	0.34	-0.20	0.10	-7.99	0.60
Diluted (loss) earnings per share-continuing operations
-1.29	0.05	0.40	-0.29	0.87	0.33	0.72	0.51	-2.64	0.47	0.47	0.59	0.69	0.25	0.52	0.53	0.82	0.76	0.82	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted loss per share-discontinued operations
-	-0.01	-	-	-0.06	0.00	-	0.01	-0.04	-0.08	0.00	0.07	1.41	0.54	0.01	0.21	0.12	0.40	0.14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted (loss) earnings per share
-1.29	0.04	0.40	-0.27	0.81	0.33	0.72	0.52	-2.68	0.39	0.47	0.66	2.10	0.79	0.53	0.74	0.94	1.16	0.96	1.15	0.88	1.18	0.91	1.33	0.81	0.89	0.86	0.90	0.62	0.99	0.70	0.91	1.00	0.98	0.90	1.55	0.98	0.91	0.90	0.92	0.75	0.68	0.33	-0.19	0.10	-7.99	0.59
Shares used to compute earnings per share:
Basic
99	100	103	105	108	110	115	116	119	120	122	124	128	127	127	127	129	131	133	135	136	136	138	138	138	137	137	137	137	136	140	144	145	147	152	152	152	152	152	151	151	151	151	151	151	150	150
Diluted
99	101	104	106	108	111	116	114	119	121	123	125	129	130	129	129	131	134	136	137	137	138	140	140	140	140	139	139	139	138	143	146	147	149	154	154	154	154	153	153	153	152	152	149	151	150	151
Cash dividends paid per common share
0.21	0.21	0.21	0.20	0.20	0.20	0.20	0.19	0.19	0.18	0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.17	0.17	0.16	0.16	0.16	0.16	0.15	0.15	0.15	0.15	-	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-