Historical Segment Financial Information
| Fiscal Year 2019 | ||||||||||||
| Quarters Ended | ||||||||||||
| Second Quarter | First Quarter | |||||||||||
| Fiscal Year | December 29, | September 29, | ||||||||||
| 2019* | 2018 | 2018 | ||||||||||
| (in millions) | ||||||||||||
| Sales: | ||||||||||||
| Electronic Components | $ | 9,391.5 | $ | 4,680.7 | $ | 4,710.8 | ||||||
| Premier Farnell | 747.4 | 368.3 | 379.1 | |||||||||
| Avnet sales | $ | 10,138.9 | $ | 5,049.0 | $ | 5,089.9 | ||||||
| Operating income: | ||||||||||||
| Electronic Components | $ | 320.5 | $ | 158.6 | $ | 161.9 | ||||||
| Premier Farnell | 80.4 | 39.6 | 40.8 | |||||||||
| 400.9 | 198.2 | 202.7 | ||||||||||
| Corporate expenses | (39.6 | ) | (19.4 | ) | (20.2 | ) | ||||||
| Restructuring, integration and other expenses | (77.0 | ) | (62.3 | ) | (14.8 | ) | ||||||
| Amortization of acquired intangible assets and other | (41.4 | ) | (20.5 | ) | (20.9 | ) | ||||||
| Avnet operating income | $ | 242.9 | $ | 96.0 | $ | 146.8 | ||||||
| Sales by geographic area: | ||||||||||||
| Americas | $ | 2,572.2 | $ | 1,300.4 | $ | 1,271.8 | ||||||
| EMEA | 3,383.5 | 1,668.6 | 1,714.9 | |||||||||
| Asia | 4,183.2 | 2,080.0 | 2,103.2 | |||||||||
| Avnet sales | $ | 10,138.9 | $ | 5,049.0 | $ | 5,089.9 | ||||||
| Fiscal Year 2018 | ||||||||||||||||||||
| Quarters Ended | ||||||||||||||||||||
| Fourth Quarter | Third Quarter | Second Quarter | First Quarter | |||||||||||||||||
| Fiscal Year | June 30, | March 31, | December 30, | September 30, | ||||||||||||||||
| 2018* | 2018 | 2018* | 2017 | 2017 | ||||||||||||||||
| (in millions) | ||||||||||||||||||||
| Sales: | ||||||||||||||||||||
| Electronic Components | $ | 17,543.6 | $ | 4,668.7 | $ | 4,404.1 | $ | 4,163.5 | $ | 4,307.2 | ||||||||||
| Premier Farnell | 1,493.3 | 390.5 | 391.0 | 358.1 | 353.7 | |||||||||||||||
| Avnet sales | $ | 19,036.9 | $ | 5,059.2 | $ | 4,795.1 | $ | 4,521.6 | $ | 4,660.9 | ||||||||||
| Operating income: (1) | ||||||||||||||||||||
| Electronic Components | $ | 587.3 | $ | 160.1 | $ | 157.7 | $ | 129.9 | $ | 139.6 | ||||||||||
| Premier Farnell (1) | 152.0 | 43.7 | 42.2 | 33.5 | 32.6 | |||||||||||||||
| 739.3 | 203.8 | 199.9 | 163.4 | 172.2 | ||||||||||||||||
| Corporate expenses (1) | (111.7 | ) | (23.8 | ) | (29.2 | ) | (23.1 | ) | (35.6 | ) | ||||||||||
| Restructuring, integration and other expenses | (145.1 | ) | (36.8 | ) | (25.1 | ) | (36.8 | ) | (46.4 | ) | ||||||||||
| Goodwill impairment expense | (181.4 | ) | - | (181.4 | ) | - | - | |||||||||||||
| Amortization of acquired intangible assets and other | (91.9 | ) | (21.7 | ) | (22.7 | ) | (21.9 | ) | (25.6 | ) | ||||||||||
| Avnet operating income (loss) (1) | $ | 209.2 | $ | 121.5 | $ | (58.5 | ) | $ | 81.6 | $ | 64.6 | |||||||||
| Sales by geographic area: | ||||||||||||||||||||
| Americas | $ | 5,011.4 | $ | 1,339.2 | $ | 1,276.4 | $ | 1,210.2 | $ | 1,185.5 | ||||||||||
| EMEA | 6,790.9 | 1,779.6 | 1,812.3 | 1,506.0 | 1,693.0 | |||||||||||||||
| Asia | 7,234.6 | 1,940.4 | 1,706.3 | 1,805.4 | 1,782.4 | |||||||||||||||
| Avnet sales | $ | 19,036.9 | $ | 5,059.2 | $ | 4,795.1 | $ | 4,521.6 | $ | 4,660.9 | ||||||||||
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_______________ |
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(1) Certain prior year amounts in the Company’s measurement of operating income have been recasted to reflect the adoption of new accounting standards during fiscal 2019. |
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* May not foot/crossfoot due to rounding |
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