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TableofContents
AVNET, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
   
July 2,  June 27,
2016 2015
(Thousands, except share
amounts)
ASSETS    
Currentassets:     
Cashandcashequivalents $ 1,031,478  $ 932,553 
Receivables,lessallowancesof$66,804and$80,721,respectively 4,975,120  5,054,307 
Inventories 2,856,231  2,482,183 
Prepaidandothercurrentassets 141,144 115,858
Totalcurrentassets 9,003,973  8,584,901 
Property,plantandequipment,net 612,658  568,779 
Goodwill 1,281,220  1,278,756 
Intangibleassets,net 78,397  99,731 
Otherassets 263,557 267,786
Totalassets $ 11,239,805 $ 10,799,953
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Currentliabilities:     
Short-termdebt $ 1,152,599  $ 331,115 
Accountspayable 3,233,781  3,338,052 
Accruedexpensesandother 556,113 603,129
Totalcurrentliabilities 4,942,493  4,272,296 
Long-termdebt 1,339,204  1,646,501 
Otherliabilities 266,822 196,135
Totalliabilities 6,548,519 6,114,932
Commitmentsandcontingencies(Notes11and13)     
Shareholders’equity:     
Commonstock$1.00par;authorized300,000,000shares;issued127,377,466sharesand
135,496,472shares,respectively 127,377  135,496 
Additionalpaid-incapital 1,452,678  1,408,422 
Retainedearnings 3,632,271  3,582,599 
Accumulatedothercomprehensiveloss   (520,775)  (441,038)
Treasurystockatcost,27,314sharesand31,901shares,respectively  (265) (458)
Totalshareholders’equity 4,691,286 4,685,021
Totalliabilitiesandshareholders’equity $ 11,239,805 $ 10,799,953
Seenotestoconsolidatedfinancialstatements.
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