Below are the financial statements of Arrow Electronics, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Sales | 27,923.32a | 33,107.12a | 37,124.42a |
| Cost of sales | -24,630.92a | -28,958.1a | -32,287.8a |
| Gross profit | 3,292.41a | 4,149.02a | 4,836.63a |
| Operating expenses | — | — | — |
| Selling, general, and administrative | -2,217.94a | -2,412.82a | -2,567.01a |
| Depreciation and amortization | -162.99a | -181.12a | -187.38a |
| Restructuring, integration, and other | -142.92a | -83.92a | -13.74a |
| Operating income | 768.56a | 1,471.16a | 2,068.49a |
| Equity in earnings of affiliated companies | 1.37a | 6.41a | 7.66a |
| (Loss) gain on investments, net | -4.83a | 19.28a | -2.86a |
| Loss on extinguishment of debt | -1.66a | 0a | 0a |
| Employee benefit plan expense, net | -4.29a | -3.78a | -3.5a |
| Interest and other financing expense, net | -269.83a | -328.72a | -185.65a |
| Income before income taxes | 489.32a | 1,164.35a | 1,884.15a |
| Provision for income taxes | -95.81a | -254.99a | -448.99a |
| Consolidated net income | 393.51a | 909.36a | 1,435.16a |
| Noncontrolling interests | 1.43a | 5.86a | 8.27a |
| Net income attributable to shareholders | 392.07a | 903.51a | 1,426.88a |
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