ARROW ELECTRONICS INC
For the period ended Dec 31, 2024. Filed Feb 11, 2025.
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FY2024 · Filed Feb 11, 2025
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, | |||||||||
| · 2024 · 2023 · 2022 | |||||||||
| Cash flows from operating activities: · · · | |||||||||
| Consolidated net income | | $393,507 | | $909,363 | | $1,435,158 | |||
| Adjustments to reconcile consolidated net income to net cash provided by (used for) operations: | | | | ||||||
| Depreciation and amortization | | 162,994 | | 181,116 | | 187,382 | |||
| Amortization of stock-based compensation | | 34,631 | | 41,569 | | 42,930 | |||
| Equity in earnings of affiliated companies | | (1,368) | | (6,407) | | (7,664) | |||
| Deferred income taxes | | (99,866) | | (93,980) | | (13,050) | |||
| Loss on extinguishment of debt | | | 1,657 | | | — | | | — |
| Loss (gain) on investments, net | | 5,260 | | (12,466) | | 2,857 | |||
| Other | | 5,328 | | 22,590 | | 3,612 | |||
| Change in assets and liabilities, net of effects of acquired businesses: | | | | ||||||
| Accounts receivable, net | | (1,013,091) | | 189,425 | | (1,430,400) | |||
| Inventories | | 421,063 | | 139,313 | | (1,165,785) | |||
| Accounts payable | | 1,092,488 | | (457,382) | | 945,819 | |||
| Accrued expenses | | (140,871) | | 38,601 | | 102,193 | |||
| Other assets and liabilities | | 268,681 | | (246,293) | | (136,129) | |||
| Net cash provided by (used for) operating activities | | 1,130,413 | | 705,449 | | (33,077) | |||
| Cash flows from investing activities: | | | | ||||||
| Acquisition of property, plant, and equipment | | (92,703) | | (83,285) | | (78,836) | |||
| Proceeds from sale of property, plant, and equipment | | | 5,157 | | | — | | | — |
| Cash consideration paid for acquired businesses, net of cash acquired | | | (34,834) | | | — | | | — |
| Proceeds from collections of notes receivable | | — | | 237 | | 21,125 | |||
| Proceeds from settlement of net investment hedge | | 10,635 | | 10,725 | | — | |||
| Other | | 17,303 | | — | | — | |||
| Net cash used for investing activities | | (94,442) | | (72,323) | | (57,711) | |||
| Cash flows from financing activities: | | | | ||||||
| Change in short-term and other borrowings | | (1,155,909) | | 866,012 | | 258,816 | |||
| Proceeds from (repayments of) long-term bank borrowings, net | | 470,347 | | (1,031,881) | | 1,233,250 | |||
| Redemption of notes | | (1,000,000) | | (300,000) | | (350,000) | |||
| Net proceeds from note offering | | 989,564 | | 496,268 | | — | |||
| Proceeds from exercise of stock options | | 5,354 | | | 17,010 | | | 17,340 | |
| Repurchases of common stock | | (265,142) | | (770,200) | | (1,049,487) | |||
| Settlement of forward-starting interest rate swap | | — | | 56,711 | | — | |||
| Other | | (1,041) | | (142) | | (137) | |||
| Net cash (used for) provided by financing activities | | (956,827) | | (666,222) | | 109,782 | |||
| Effect of exchange rate changes on cash | | (108,390) | | | 74,234 | | | (64,273) | |
| Net (decrease) increase in cash and cash equivalents | | (29,246) | | 41,138 | | (45,279) | |||
| Cash and cash equivalents at beginning of year | | | 218,053 | | 176,915 | | 222,194 | ||
| Cash and cash equivalents at end of year | | $188,807 | | $218,053 | | $176,915 | |||
Index
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