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AMPHENOL CORP DE

For the period ended Dec 31, 2023. Filed Feb 7, 2024.

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About this filing

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.

FY2023 · Filed Feb 7, 2024

APH$80.71+8.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Table of Contents

​ · ​
INDEX · ​ · ​ · Page
​​​​​
PART I · ​ · ​ · ​
​Item 1.Business​2
​​General​2
​​Reportable Business Segments​2
​​Our Strategy​4
​​Markets​5
​​Customers and Geographies​7
​​Manufacturing​7
​​Research and Development​8
​​Intellectual Property​8
​​Raw Materials​9
​​Competition​9
​​Backlog and Seasonality​9
​​Environmental Matters​9
​​Government Regulation​10
​​Environmental, Social and Corporate Governance​10
​​Sustainability Report​10
​​Human Capital Management and Our Culture​11
​​Available Information​12
​Item 1A.Risk Factors​12
​Item 1B.Unresolved Staff Comments​21
​Item 1C.Cybersecurity​22
​Item 2.Properties​23
​Item 3.Legal Proceedings​23
​Item 4.Mine Safety Disclosures​23
​​​​​
PART II​​​
​Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities​24
​Item 6.[Reserved]​25
​Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations​26
​Item 7A.Quantitative and Qualitative Disclosures About Market Risk​46
​Item 8.Financial Statements and Supplementary Data​48
​​Report of Independent Registered Public Accounting Firm​48
​​Consolidated Statements of Income​50
​​Consolidated Statements of Comprehensive Income​51
​​Consolidated Balance Sheets​52
​​Consolidated Statements of Changes in Equity​53
​​Consolidated Statements of Cash Flow​54
​​Notes to Consolidated Financial Statements​55
​Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure​92
​Item 9A.Controls and Procedures​92
​Item 9B.Other Information​92
​Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections​92
​​​​​
PART III​​​
​Item 10.Directors, Executive Officers and Corporate Governance​93
​Item 11.Executive Compensation​93
​Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters​93
​Item 13.Certain Relationships and Related Transactions, and Director Independence​94
​Item 14.Principal Accountant Fees and Services​94
​​​​​
PART IV​​​
​Item 15.Exhibit and Financial Statement Schedules​95
​​​
Signatures​99

Cautionary Note Regarding Forward-Looking Statements

This Annual Report on Form 10-K (“Annual Report”) includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such forward-looking statements are based on our management’s assumptions and beliefs about future events or circumstances using information currently available, and as a result, they are subject to risks and uncertainties. Forward-looking statements address events or developments that Amphenol Corporation (together with its subsidiaries, “Amphenol,” the “Company,” “we,” “our,” or “us”) expects or believes may or will occur in the future. These forward-looking statements, which address the Company’s expected business and financial performance and financial condition, among other matters, may contain words and terms such as: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “look ahead,” “may,” “ongoing,” “optimistic,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will” or “would” and other words and terms of similar meaning.

Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about expected earnings, revenues, growth, liquidity, effective tax rate, interest rates or other matters. Although the Company believes the expectations reflected in all forward-looking statements are based upon reasonable assumptions, the expectations may not be attained or there may be material deviation. Readers and investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. There are risks and uncertainties that could cause actual results to differ materially from these forward-looking statements. A description of some of these uncertainties and other risks is set forth under the caption “Risk Factors” in Part I, Item 1A and elsewhere in this Annual Report, as well as other reports filed with the Securities and Exchange Commission (“SEC”), including, but not limited to, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. There may be other risks and uncertainties not identified in these documents that we either currently do not expect to have an adverse effect on our business or that we are unable to predict or identify at the time of this Annual Report. Our forward-looking statements may also be impacted by, among other things, future tax, regulatory and other legal changes that may arise in any of the jurisdictions in which we operate.

The Company undertakes no obligation to update or revise any forward-looking statements except as required by law.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.