Avnet 2011 Annual Report Download - page 44

Download and view the complete annual report

Please find page 44 of the 2011 Avnet annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 101

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101

Table of Contents
AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
See notes to consolidated financial statements
39
July 2,
July 3,
2011
2010
(Thousands, except share amounts)
ASSETS
Current assets:
Cash and cash equivalents
$
675,334
$
1,092,102
Receivables, less allowances of $107,739 and $81,197, respectively (Note 3)
4,764,293
3,574,541
Inventories
2,596,470
1,812,766
Prepaid and other current assets
191,110
150,759
Total current assets
8,227,207
6,630,168
Property, plant and equipment, net (Note 5)
419,173
302,583
Goodwill (Notes 2 and 6)
885,072
566,309
Other assets
374,117
283,322
Total assets
$
9,905,569
$
7,782,382
LIABILITIES AND SHAREHOLDERS
’
EQUITY
Current liabilities:
Borrowings due within one year (Note 7)
$
243,079
$
36,549
Accounts payable
3,561,633
2,862,290
Accrued expenses and other (Note 8)
673,016
540,776
Total current liabilities
4,477,728
3,439,615
Long
-
term debt (Note 7)
1,273,509
1,243,681
Other long
-
term liabilities (Notes 9 and 10)
98,262
89,969
Total liabilities
5,849,499
4,773,265
Commitments and contingencies (Notes 11 and 13)
Shareholders
’
equity (Notes 4, 12 and 14):
Common stock $1.00 par; authorized 300,000,000 shares; issued 152,835,000 shares and
151,874 ,000 shares, respectively
152,835
151,874
Additional paid
-
in capital
1,233,209
1,206,132
Retained earnings
2,293,510
1,624,441
Accumulated other comprehensive income (Note 4)
377,211
27,362
Treasury stock at cost, 37,802 shares and 37,769 shares, respectively
(695
)
(692
)
Total shareholders
’
equity
4,056,070
3,009,117
Total liabilities and shareholders
’
equity
$
9,905,569
$
7,782,382