AVNET INC
For the period ended Jun 28, 2025. Filed Aug 15, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Aug 15, 2025
AVT$79.28+3.5%Stored close · as of Nov 6, 2026
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Item 16. Form 10-K Summary
SCHEDULE II
VALUATION AND QUALIFYING ACCOUNTS
Years Ended June 28, 2025, June 29, 2024, and July 1, 2023
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| · · Balance at · · Charged to · · Charged to · · · · · Balance at | ||||||||||||||||
| · · Beginning of · · Expense · · Other · · · · · End of | ||||||||||||||||
| Account Description · · Period · · (Income) · · Accounts · · Deductions · · Period | ||||||||||||||||
| · · (Thousands) | ||||||||||||||||
| Fiscal 2025 · · · · · · · · · · · | ||||||||||||||||
| Allowance for credit losses | | $108,504 | | $3,503 | | $— | | $(3,812)(a) | $108,195 | | ||||||
| Valuation allowance on tax loss carry-forwards | | 216,179 | | 22,238(b) | 15,201(c) | — | | 253,618 | | |||||||
| Fiscal 2024 | | | | | | | | | | | | | | | | |
| Allowance for credit losses | | 112,843 | | | 12,570 | | | — | | | (16,909)(a) | | 108,504 | | ||
| Valuation allowance on tax loss carry-forwards | | 207,744 | | 10,462(d) | (2,027)(c) | — | | 216,179 | | |||||||
| Fiscal 2023 | | | | | | | | | | | | | | | | |
| Allowance for credit losses | | 113,902 | | | 16,798 | | | — | | | (17,857)(a) | 112,843 | | |||
| Valuation allowance on tax loss carry-forwards | | 207,889 | | 4,530(b) | (4,675)(c) | — | | 207,744 | | |||||||
| (a) | Primarily represents uncollectible receivables written off and the impact of changes in foreign currency rates during the fiscal year. |
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| (b) | Primarily represents impact of true ups related to prior years. |
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| (c) | Primarily related to impact of foreign currency exchange on valuation allowances. |
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| (d) | Primarily represents impact of current year activities. |
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