Arrow Electronics 2000 Annual Report Download - page 46

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12 Segment and Geographic Information
The company is engaged in the distribution of electronic components to original equipment and
contract manufacturers and computer products to value-added resellers (VARs) and original equipment
manufacturers. Operating income for the electronic components and computer products segments
excludes the effect of special charges relating to the integration of acquired businesses. During the
first quarter of 2000, the company redefined its reportable segments to present two distinct worldwide
businesses that have different economic cycles, structures, and competitors. Computer products
includes North American Computer Products together with UK Microtronica, Nordic Microtronica,
ATD (in Iberia), and Arrow Computer Products (in France). The prior years have been restated for
comparative purposes. Revenue, operating income, and total assets by segment are as follows:
Electronic Computer
(In thousands) Components Products Corporate Total
2000
Revenue from external customers $9,851,041 $3,108,209 $12,959,250
Operating income (loss) 892,441 33,945 (142,279) 784,107
Total assets 5,954,527 1,394,157 255,857 7,604,541
1999
Revenue from external customers $6,111,605 $3,201,020 $ 9,312,625
Operating income (loss) 368,510 56,195 (86,044)(a) 338,661
Total assets 3,317,253 991,785 174,217 4,483,255
1998
Revenue from external customers $4,875,574 $3,469,085 $ 8,344,659
Operating income (loss) 293,417 106,821 (47,734) 352,504
Total assets 2,683,350 971,536 184,985 3,839,871
(a) Includes a special charge totaling $24,560,000 associated with the acquisition and integration of Richey and EDG.
As a result of the company’s philosophy of maximizing operating efficiencies through the centralization
of certain functions, selected fixed assets and related depreciation, borrowings, and goodwill
amortization are not directly attributable to the individual operating segments. In the evaluation of its
operating groups’ performance, the company excludes the impact of unusual items such as realignment
and integration charges.
Revenues, by geographic area, for the years ended December 31 are as follows:
(In thousands) 2000 1999 1998
Americas $ 8,089,687 $6,160,726 $5,351,061
Europe 3,474,990 2,393,705 2,396,452
Asia/Pacific 1,394,573 758,194 597,146
$12,959,250 $9,312,625 $8,344,659
Total assets, by geographic area, at December 31 are as follows:
(In thousands) 2000 1999 1998
Americas $4,840,169 $2,642,601 $2,066,785
Europe 2,104,837 1,460,439 1,473,857
Asia/Pacific 659,535 380,215 299,229
$7,604,541 $4,483,255 $3,839,871