Avnet 2014 Annual Report Download - page 43

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AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
See notes to consolidated financial statements.
40
June 28,
2014
June 29,
2013
(Thousands, except share amounts)
ASSETS
Current assets:
Cash and cash equivalents
$
928,971
$
1,009,343
Receivables, less allowances of $96,382 and $95,656, respectively
5,220,528
4,868,973
Inventories
2,613,363
2,264,341
Prepaid and other current assets
191,337
214,221
Total current assets
8,954,199
8,356,878
Property, plant and equipment, net
534,999
492,606
Goodwill
1,348,468
1,261,288
Intangible assets, net
184,308
172,212
Other assets
233,543
191,696
Total assets
$
11,255,517
$
10,474,680
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt
$
865,088
$
838,190
Accounts payable
3,402,369
3,278,152
Accrued expenses and other
711,369
705,102
Total current liabilities
4,978,826
4,821,444
Long-term debt
1,213,814
1,206,993
Other liabilities
172,684
157,118
Total liabilities
6,365,324
6,185,555
Commitments and contingencies (Note 13)
Shareholders’ equity:
Common stock $1.00 par; authorized 300,000,000 shares; issued 138,285,825 shares and
137,126,784 shares, respectively
138,286
137,127
Additional paid-in capital
1,355,663
1,320,901
Retained earnings
3,257,407
2,802,966
Accumulated other comprehensive income
139,512
28,895
Treasury stock at cost, 36,836 shares and 38,238 shares, respectively
(675
)
(764
)
Total shareholders’ equity
4,890,193
4,289,125
Total liabilities and shareholders’ equity
$
11,255,517
$
10,474,680