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Table of Contents
AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Years Ended June 30, 2012, July 2, 2011 and July 3, 2010
See notes to consolidated financial statements
42
Common
Stock
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Treasury
Stock
Total
Shareholders’
Equity
(Thousands)
Balance, June 27, 2009
$
151,099
$
1,178,524
$
1,214,071
$
218,094
$
(931
)
$
2,760,857
(as adjusted —see Note 1)
Net income —
—
410,370
—
—
410,370
Translation adjustments (Note 4) —
—
—
(
159,517
)
—
(
159,517
)
Pension liability adjustment, net of tax of $19,287 (Notes 4, 10
and 15) —
—
—
(
31,215
)
—
(
31,215
)
Comprehensive income (Note 4)
219,638
Stock option and incentive programs, including related tax
benefits of $2,100
775
27,608
—
—
239
28,622
Balance, July 3, 2010
151,874
1,206,132
1,624,441
27,362
(692
)
3,009,117
Net income —
—
669,069
—
—
669,069
Translation adjustments (Note 4) —
—
—
329,884
—
329,884
Pension liability adjustment, net of tax of $12,022 (Notes 4, 10
and 15) —
—
—
19,965
—
19,965
Comprehensive income (Note 4)
1,018,918
Stock option and incentive programs, including related tax
benefits of $4,689
961
27,077
—
—
(
3
)
28,035
Balance, July 2, 2011
152,835
1,233,209
2,293,510
377,211
(695
)
4,056,070
Net income —
—
567,019
—
—
567,019
Translation adjustments (Note 4) —
—
—
(
370,415
)
—
(
370,415
)
Pension liability adjustment, net of tax of $32,382 (Notes 4, 10
and 15) —
—
—
(
52,628
)
—
(
52,628
)
Comprehensive income (Note 4)
143,976
Repurchases of common stock (Note 4)
(11,270
)
(314,671
)
(325,941
)
Stock option and incentive programs, including related tax
benefits of $4,442
1,021
30,608
—
—
(
2
)
31,627
Balance, June 30, 2012
$
142,586
$
1,263,817
$
2,545,858
$
(45,832
)
$
(697
)
$
3,905,732