Avnet, Inc. (AVT)

Avnet Income Statement

Financials in millions USD. Fiscal year is August - July.

Year Ending	TTM	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Revenue	24,749	26,537	24,311	19,535	17,634	19,519
Revenue Growth (YoY)	-6.09%	9.16%	24.45%	10.78%	-9.65%	2.53%
Cost of Revenue	21,807	23,355	21,345	17,294	15,571	17,032
Gross Profit	2,942	3,182	2,965	2,241	2,063	2,486
Selling, General & Admin	1,926	1,967	1,995	1,875	1,842	1,875
Other Operating Expenses	52.17	28.04	31.53	84.39	225.96	245.54
Operating Expenses	1,978	1,995	2,026	1,959	2,068	2,120
Operating Income	963.84	1,187	939.01	281.41	-4.63	365.91
Interest Expense / Income	293.65	250.87	100.38	89.47	122.74	134.87
Other Expense / Income	-51.14	-46.95	5.3	19.01	2.22	-5.56
Pretax Income	721.33	982.88	833.33	172.93	-129.59	236.6
Income Tax	150.04	212.05	140.96	-20.19	-98.5	60.26
Net Income	571.29	770.83	692.38	193.11	-31.08	176.34
Net Income Growth	-33.76%	11.33%	258.53%	-	-	-
Shares Outstanding (Basic)	90	92	99	99	100	110
Shares Outstanding (Diluted)	91	93	100	100	100	111
Shares Change	-1.30%	-6.46%	-0.35%	-0.30%	-9.32%	-7.60%
EPS (Basic)	6.28	8.37	7.02	1.95	-0.31	1.61
EPS (Diluted)	6.18	8.26	6.94	1.93	-0.31	1.59
EPS Growth	-32.01%	19.02%	259.59%	-	-	-
Free Cash Flow	393.19	-908.38	-268.21	40.59	656.67	412.08
Free Cash Flow Per Share	4.35	-9.87	-2.72	0.41	6.54	3.75
Dividend Per Share	1.220	1.160	1.000	0.850	0.840	0.800
Dividend Growth	7.96%	16.00%	17.65%	1.19%	5.00%	8.11%
Gross Margin	11.89%	11.99%	12.20%	11.47%	11.70%	12.74%
Operating Margin	3.89%	4.47%	3.86%	1.44%	-0.03%	1.87%
Profit Margin	2.31%	2.90%	2.85%	0.99%	-0.18%	0.90%
Free Cash Flow Margin	1.59%	-3.42%	-1.10%	0.21%	3.72%	2.11%
Effective Tax Rate	20.80%	21.57%	16.91%	-11.67%	-	25.47%
EBITDA	1,157	1,377	1,089	451.1	236.05	552.31
EBITDA Margin	4.68%	5.19%	4.48%	2.31%	1.34%	2.83%
Depreciation & Amortization	142.34	143.01	155.21	188.7	242.9	180.84
EBIT	1,015	1,234	933.71	262.4	-6.84	371.47
EBIT Margin	4.10%	4.65%	3.84%	1.34%	-0.04%	1.90%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).