ARROW ELECTRONICS, INC.
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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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 Feb 11, 2026
ARW$191.84+5.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands except per share data)
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Years Ended December 31, | |||||||||
| · · 2025 · · 2024 · · 2023 | |||||||||
| Sales | | $30,852,935 | | $27,923,324 | | $33,107,120 | |||
| Cost of sales | | 27,386,216 | | 24,630,916 | | | 28,958,102 | ||
| Gross profit | | 3,466,719 | | 3,292,408 | | 4,149,018 | |||
| Operating expenses: | | | | | | | |||
| Selling, general, and administrative | | 2,390,627 | | 2,217,940 | | | 2,412,822 | ||
| Depreciation and amortization | | 137,750 | | 162,994 | | | 181,116 | ||
| Restructuring, integration, and other | | 116,119 | | 142,917 | | | 83,916 | ||
| | | 2,644,496 | | 2,523,851 | | 2,677,854 | |||
| Operating income | | 822,223 | | 768,557 | | | 1,471,164 | ||
| Equity in earnings of affiliated companies | | 3,198 | | 1,368 | | | 6,407 | ||
| Gain (loss) on investments, net | | 109,888 | | (4,830) | | | 19,284 | ||
| Loss on extinguishment of debt | | | — | | | (1,657) | | | — |
| Post-retirement expense, net | | (2,277) | | (4,285) | | | (3,777) | ||
| Interest and other financing expense, net | | (215,104) | | (269,834) | | | (328,724) | ||
| Income before income taxes | | 717,928 | | 489,319 | | 1,164,354 | |||
| Provision for income taxes | | 148,234 | | 95,812 | | | 254,991 | ||
| Consolidated net income | | 569,694 | | 393,507 | | 909,363 | |||
| Noncontrolling interests | | (1,572) | | 1,433 | | | 5,858 | ||
| Net income attributable to shareholders | | $571,266 | | $392,074 | | $903,505 | |||
| Net income per share: | | | | | | | |||
| Basic | | $11.03 | | $7.36 | | $16.03 | |||
| Diluted | | $10.93 | | $7.29 | | $15.84 | |||
| Weighted-average shares outstanding: | | | | | | | |||
| Basic | | 51,804 | | 53,282 | | | 56,359 | ||
| Diluted | | 52,255 | | 53,797 | | | 57,035 | ||
Index
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