ARROW ELECTRONICS, INC.
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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FY2025 · Filed Feb 11, 2026
ARW$194.14+1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · Years Ended December 31, | |||||||||
| · · 2025 · · 2024 · · 2023 | |||||||||
| Cash flows from operating activities: | | | | | | | | | |
| Consolidated net income | | $569,694 | | $393,507 | | $909,363 | |||
| Adjustments to reconcile consolidated net income to net cash provided by operations: | | | | | | | |||
| Depreciation and amortization | | 137,750 | | 162,994 | | 181,116 | |||
| Amortization of stock-based compensation | | 27,883 | | 34,631 | | 41,569 | |||
| Equity in earnings of affiliated companies | | (3,198) | | (1,368) | | (6,407) | |||
| Deferred income taxes | | (36,182) | | (99,866) | | (93,980) | |||
| Loss on extinguishment of debt | | | — | | | 1,657 | | | — |
| (Gain) loss on investments, net | | (110,269) | | 5,068 | | (10,822) | |||
| Other | | 351 | | 5,520 | | 20,946 | |||
| Change in assets and liabilities, net of effects of acquired businesses: | | | | | | | |||
| Accounts receivable, net | | (6,342,006) | | (1,013,091) | | 189,425 | |||
| Inventories | | (286,180) | | 421,063 | | 139,313 | |||
| Accounts payable | | 6,107,791 | | 1,092,488 | | (457,382) | |||
| Accrued expenses | | 60,415 | | (140,871) | | 38,601 | |||
| Other assets and liabilities | | (62,000) | | 268,681 | | (246,293) | |||
| Net cash provided by operating activities | | 64,049 | | 1,130,413 | | 705,449 | |||
| Cash flows from investing activities: | | | | | | | |||
| Acquisition of property, plant, and equipment | | (101,254) | | (92,703) | | (83,285) | |||
| Proceeds from sale of property, plant, and equipment | | | — | | | 5,157 | | | — |
| Cash consideration paid for acquired businesses, net of cash acquired | | | — | | | (34,834) | | | — |
| Proceeds from settlement of net investment hedges | | 24,858 | | 10,635 | | 10,725 | |||
| Proceeds from sale of investments in equity securities | | | 100,000 | | | — | | | — |
| Other | | — | | 17,303 | | 237 | |||
| Net cash provided by (used for) investing activities | | 23,604 | | (94,442) | | (72,323) | |||
| Cash flows from financing activities: | | | | | | | |||
| Change in short-term and other borrowings | | (592) | | (1,155,909) | | 866,012 | |||
| Proceeds from (repayments of) long-term bank borrowings, net | | 302,820 | | 470,347 | | (1,031,881) | |||
| Redemption of notes | | (350,000) | | (1,000,000) | | (300,000) | |||
| Net proceeds from note offering | | — | | 989,564 | | 496,268 | |||
| Proceeds from exercise of stock options | | 3,452 | | | 5,354 | | | 17,010 | |
| Repurchases of common stock | | (161,669) | | (265,142) | | (770,200) | |||
| Settlement of forward-starting interest rate swap | | — | | — | | 56,711 | |||
| Other | | (148) | | (1,041) | | (142) | |||
| Net cash used for financing activities | | (206,137) | | (956,827) | | (666,222) | |||
| Effect of exchange rate changes on cash | | 236,144 | | | (108,390) | | | 74,234 | |
| Net increase (decrease) in cash and cash equivalents | | 117,660 | | (29,246) | | 41,138 | |||
| Cash and cash equivalents at beginning of year | | | 188,807 | | 218,053 | | 176,915 | ||
| Cash and cash equivalents at end of year | | $306,467 | | $188,807 | | $218,053 | |||
Index
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