ARROW ELECTRONICS INC

For the period ended Dec 31, 2023. Filed Feb 13, 2024.

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 13, 2024

ARW$191.84+5.9%Stored close · as of Nov 9, 2026

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

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Operations

(In thousands except per share data)

· · · · · · · · ·
· · Years Ended December 31,
· 2023 · 2022 · 2021
Sales	$33,107,120	$37,124,422	$34,477,018
Cost of sales	28,958,102	32,287,797	30,274,653
Gross profit	4,149,018	4,836,625	4,202,365
Operating expenses:
Selling, general, and administrative expenses	2,412,822	2,567,008	2,435,030
Depreciation and amortization	181,116	187,382	195,120
Restructuring, integration, and other charges	83,916	13,741	15,393
	2,677,854	2,768,131	2,645,543
Operating income	1,471,164	2,068,494	1,556,822
Equity in earnings of affiliated companies	6,407	7,664	3,508
Gain (loss) on investments, net	19,284	(2,857)	12,951
Employee benefit plan expense, net	(3,777)	(3,503)	(5,180)
Interest and other financing expense, net	(328,724)	(185,648)	(131,727)
Income before income taxes	1,164,354	1,884,150	1,436,374
Provision for income taxes	254,991	448,992	325,906
Consolidated net income	909,363	1,435,158	1,110,468
Noncontrolling interests	5,858	8,274	2,271
Net income attributable to shareholders	$903,505	$1,426,884	$1,108,197
Net income per share:
Basic	$16.03	$22.01	$15.29
Diluted	$15.84	$21.80	$15.10
Weighted-average shares outstanding:
Basic	56,359	64,838	72,472
Diluted	57,035	65,453	73,385

Index

ContentsView on SEC.gov

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