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Table of Contents
AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
See notes to consolidated financial statements.
38
June 29, 2013
June 30, 2012
(Thousands, except share amounts)
ASSETS
Current assets:
Cash and cash equivalents
$
1,009,343
$
1,006,864
Receivables, less allowances of $95,656 and $106,319, respectively (Note 3)
4,868,973
4,607,324
Inventories
2,264,341
2,388,642
Prepaid and other current assets
214,221
251,609
Total current assets
8,356,878
8,254,439
Property, plant and equipment, net (Note 5)
492,606
461,230
Goodwill (Notes 2 and 6)
1,261,288
1,100,621
Other assets
363,908
351,576
Total assets
$
10,474,680
$
10,167,866
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Borrowings due within one year (Notes 3 and 7)
$
838,190
$
872,404
Accounts payable
3,278,152
3,230,765
Accrued expenses and other (Note 8)
705,102
695,483
Total current liabilities
4,821,444
4,798,652
Long-term debt (Note 7)
1,206,993
1,271,985
Other long-term liabilities (Notes 9 and 10)
157,118
191,497
Total liabilities
6,185,555
6,262,134
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 137,127,000 shares and
142,586,000 shares, respectively
137,127
142,586
Additional paid-in capital
1,320,901
1,263,817
Retained earnings
2,802,966
2,545,858
Accumulated other comprehensive income (loss) (Note 4)
28,895
(45,832
)
Treasury stock at cost, 38,238 shares and 37,872 shares, respectively
(764
)
(697
)
Total shareholders’ equity
4,289,125
3,905,732
Total liabilities and shareholders’ equity
$
10,474,680
$
10,167,866