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Table of Contents
AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
See notes to consolidated financial statements
40
June 30,
2012
July 2,
2011
(Thousands, except share amounts)
ASSETS
Current assets:
Cash and cash equivalents
$
1,006,864
$
675,334
Receivables, less allowances of $106,319 and $107,739, respectively (Note 3)
4,607,324
4,764,293
Inventories
2,388,642
2,596,470
Prepaid and other current assets
251,609
191,110
Total current assets
8,254,439
8,227,207
Property, plant and equipment, net (Note 5)
461,230
419,173
Goodwill (Notes 2 and 6)
1,100,621
885,072
Other assets
351,576
374,117
Total assets
$
10,167,866
$
9,905,569
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Borrowings due within one year (Note 3 and 7)
$
872,404
$
243,079
Accounts payable
3,230,765
3,561,633
Accrued expenses and other (Note 8)
695,483
673,016
Total current liabilities
4,798,652
4,477,728
Long-term debt (Note 7)
1,271,985
1,273,509
Other long-term liabilities (Notes 9 and 10)
191,497
98,262
Total liabilities
6,262,134
5,849,499
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 142,586,000 shares and 152,835,000
shares, respectively
142,586
152,835
Additional paid-in capital
1,263,817
1,233,209
Retained earnings
2,545,858
2,293,510
Accumulated other comprehensive (loss) income (Note 4)
(45,832
)
377,211
Treasury stock at cost, 37,872 shares and 37,802 shares, respectively
(697
)
(695
)
Total shareholders’ equity
3,905,732
4,056,070
Total liabilities and shareholders’ equity
$
10,167,866
$
9,905,569