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Table of Contents
AVNET, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
TS markets and sells mid- to high-end servers, data storage, software, and the services required to implement
these products and solutions to the value-added reseller channel. TS also focuses on the worldwide original
equipment manufacturers (“OEM”) market for computing technology, system integrators and non-PC OEMs that
require embedded systems and solutions including engineering, product prototyping, integration and other value-
added services.
72
Years Ended
June 28,
June 30,
July 1,
2008
2007
2006
(Millions)
Sales:
Electronics Marketing
$
10,326.8
$
9,679.8
$
9,262.4
Technology Solutions(1)
7,625.9
6,001.3
4,991.2
$
17,952.7
$
15,681.1
$
14,253.6
Operating income (loss):
Electronics Marketing
$
564.4
$
529.9
$
419.1
Technology Solutions
261.0
232.2
165.7
Corporate
(76.1
)
(76.4
)
(81.8
)
749.3
685.7
503.0
Restructuring, integration and other charges (Note 17)
(38.9
)
(7.4
)
(69.9
)
$
710.4
$
678.3
$
433.1
Assets:
Electronics Marketing
$
5,140.5
$
4,604.5
$
4,618.7
Technology Solutions
2,785.1
2,361.4
1,403.7
Corporate
274.5
389.2
193.3
$
8,200.1
$
7,355.1
$
6,215.7
Capital expenditures:
Electronics Marketing
$
46.4
$
42.9
$
36.3
Technology Solutions
28.2
6.2
4.0
Corporate
15.1
9.7
11.5
$
89.7
$
58.8
$
51.8
Depreciation & amortization expense:
Electronics Marketing
$
24.1
$
27.9
$
29.3
Technology Solutions
13.0
11.1
9.8
Corporate
22.1
14.8
27.4
$
59.2
$
53.8
$
66.5
Sales, by geographic area, are as follows:
Americas(2)
$
8,578.5
$
7,826.2
$
7,223.9
EMEA(3)
5,958.8
4,885.7
4,374.2
Asia/Pacific(4)
3,415.4
2,969.2
2,655.5
$
17,952.7
$
15,681.1
$
14,253.6
Property, Plant and Equipment, net, by geographic area:
Americas(5)
$
148.9
$
112.5
$
102.4
EMEA(6)
64.9
55.3
46.5
Asia/Pacific
13.4
11.7
10.5
$
227.2
$
179.5
$
159.4