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AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
July 2, June 27,
2016 2015
(Thousands, except share
amounts)
ASSETS
Currentassets:
Cashandcashequivalents $ 1,031,478 $ 932,553
Receivables,lessallowancesof$66,804and$80,721,respectively 4,975,120 5,054,307
Inventories 2,856,231 2,482,183
Prepaidandothercurrentassets 141,144 115,858
Totalcurrentassets 9,003,973 8,584,901
Property,plantandequipment,net 612,658 568,779
Goodwill 1,281,220 1,278,756
Intangibleassets,net 78,397 99,731
Otherassets 263,557 267,786
Totalassets $ 11,239,805 $ 10,799,953
LIABILITIES AND SHAREHOLDERS’ EQUITY
Currentliabilities:
Short-termdebt $ 1,152,599 $ 331,115
Accountspayable 3,233,781 3,338,052
Accruedexpensesandother 556,113 603,129
Totalcurrentliabilities 4,942,493 4,272,296
Long-termdebt 1,339,204 1,646,501
Otherliabilities 266,822 196,135
Totalliabilities 6,548,519 6,114,932
Commitmentsandcontingencies(Notes11and13)
Shareholders’equity:
Commonstock$1.00par;authorized300,000,000shares;issued127,377,466sharesand
135,496,472shares,respectively 127,377 135,496
Additionalpaid-incapital 1,452,678 1,408,422
Retainedearnings 3,632,271 3,582,599
Accumulatedothercomprehensiveloss (520,775) (441,038)
Treasurystockatcost,27,314sharesand31,901shares,respectively (265) (458)
Totalshareholders’equity 4,691,286 4,685,021
Totalliabilitiesandshareholders’equity $ 11,239,805 $ 10,799,953
Seenotestoconsolidatedfinancialstatements.
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