Avnet, Inc. (AVT) quarterly income statement — complete revenue, gross profit & net income history
| Sales/Revenue | 7.12B | 6.32B | 5.9B | 5.62B | 5.32B | 5.66B | 5.6B | 5.56B | 5.65B | 6.2B | 6.34B | 6.55B |
| Revenue Growth % | 33.95% | 11.58% | 5.25% | 0.99% | -5.98% | -8.73% | -11.55% | -15.13% | -13.22% | -7.63% | -6.14% | 2.86% |
| Cost of Goods Sold | 6.38B | 5.66B | 5.28B | 5.02B | 4.73B | 5.07B | 5B | 4.92B | 4.98B | 5.5B | 5.59B | 5.74B |
| COGS % of Revenue | 89.62% | 89.51% | 89.58% | 89.43% | 88.94% | 89.48% | 89.16% | 88.44% | 88.16% | 88.62% | 88.19% | 87.52% |
| Gross Profit | 739.06M | 663.04M | 614.76M | 593.68M | 587.85M | 596.05M | 607.37M | 642.88M | 669.27M | 706.18M | 748.11M | 818.02M |
| Gross Margin % | 10.38% | 10.49% | 10.42% | 10.57% | 11.06% | 10.52% | 10.84% | 11.56% | 11.84% | 11.38% | 11.81% | 12.48% |
| Gross Profit Growth % | 25.72% | 11.24% | 1.22% | -7.65% | -12.17% | -15.6% | -18.81% | -21.41% | -17.56% | -9.94% | -2.61% | 4.92% |
| Operating Expenses | 518.79M | 491.67M | 464.44M | 451.17M | 435.49M | 436.93M | 438.79M | 478.69M | 479.12M | 469.93M | 494.34M | 534.36M |
| OpEx % of Revenue | 7.29% | 7.78% | 7.87% | 8.03% | 8.19% | 7.71% | 7.83% | 8.6% | 8.47% | 7.57% | 7.8% | 8.15% |
| Selling, General & Admin | 518.42M | 491.67M | 464.44M | 451.17M | 435.49M | 436.93M | 438.79M | 450.27M | 467.27M | 464.69M | 487.29M | 506.32M |
| SG&A % of Revenue | 7.28% | 7.78% | 7.87% | 8.03% | 8.19% | 7.71% | 7.83% | 8.09% | 8.27% | 7.49% | 7.69% | 7.72% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 364K | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 220.27M | 171.37M | 150.32M | 142.51M | 152.36M | 159.12M | 168.58M | 164.19M | 190.15M | 236.26M | 253.77M | 283.66M |
| Operating Margin % | 3.09% | 2.71% | 2.55% | 2.54% | 2.87% | 2.81% | 3.01% | 2.95% | 3.36% | 3.81% | 4.01% | 4.33% |
| Operating Income Growth % | 44.57% | 7.7% | -10.83% | -13.2% | -19.87% | -32.65% | -33.57% | -42.12% | -39.37% | -20.98% | -12.66% | -0.36% |
| EBITDA | 220.27M | 204.76M | 181.1M | 174.44M | 181.74M | 189.94M | 202.75M | 200.35M | 225.55M | 270.4M | 288.56M | 321.67M |
| EBITDA Margin % | 3.09% | 3.24% | 3.07% | 3.11% | 3.42% | 3.35% | 3.62% | 3.6% | 3.99% | 4.36% | 4.55% | 4.91% |
| EBITDA Growth % | 21.2% | 7.81% | -10.68% | -12.94% | -19.42% | -29.76% | -29.74% | -37.71% | -35.28% | -18.93% | -11.51% | -0.06% |
| D&A (Non-Cash Add-back) | 0 | 33.39M | 30.77M | 31.93M | 29.38M | 30.81M | 34.18M | 36.16M | 35.4M | 34.14M | 34.79M | 38M |
| EBIT | 220.27M | 171.37M | 150.32M | 142.51M | 152.36M | 159.12M | 168.58M | 165.6M | 175.44M | 227.86M | 346.23M | 265.45M |
| Net Interest Income | -63.14M | -61.8M | -60.31M | -59.2M | -62.43M | -63.7M | -64.44M | -64.27M | -73.5M | -74.3M | -70.8M | -75.06M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 63.14M | 61.8M | 60.31M | 59.2M | 62.43M | 63.7M | 64.44M | 64.27M | 73.5M | 74.3M | 70.8M | 75.06M |
| Other Income/Expense | -79.7M | -81.46M | -73.52M | -135.11M | -74.22M | -68.84M | -93.84M | -62.87M | -88.2M | -82.7M | 21.66M | -93.27M |
| Pretax Income | 140.57M | 89.91M | 76.8M | 7.4M | 78.14M | 90.28M | 74.74M | 101.32M | 101.95M | 153.56M | 275.43M | 190.39M |
| Pretax Margin % | 1.97% | 1.42% | 1.3% | 0.13% | 1.47% | 1.59% | 1.33% | 1.82% | 1.8% | 2.47% | 4.35% | 2.9% |
| Income Tax | 46.24M | 28.17M | 25.06M | 1.31M | -9.78M | 3.03M | 15.78M | 18.66M | 13.11M | 35.63M | 66.16M | 35.14M |
| Effective Tax Rate % | 32.89% | 31.34% | 32.63% | 17.76% | -12.51% | 3.36% | 21.12% | 18.41% | 12.86% | 23.2% | 24.02% | 18.46% |
| Net Income | 94.33M | 61.73M | 51.74M | 6.09M | 87.92M | 87.25M | 58.96M | 82.67M | 88.83M | 117.93M | 209.27M | 155.26M |
| Net Margin % | 1.32% | 0.98% | 0.88% | 0.11% | 1.65% | 1.54% | 1.05% | 1.49% | 1.57% | 1.9% | 3.3% | 2.37% |
| Net Income Growth % | 7.29% | -29.25% | -12.23% | -92.63% | -1.03% | -26.01% | -71.83% | -46.76% | -52.6% | -51.64% | 13.57% | -37.1% |
| Net Income (Continuing) | 94.33M | 61.73M | 51.74M | 6.09M | 87.92M | 87.25M | 58.96M | 82.67M | 88.83M | 117.93M | 209.27M | 155.26M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.14 | 0.75 | 0.61 | 0.07 | 1.01 | 0.99 | 0.66 | 0.91 | 0.97 | 1.28 | 2.25 | 1.68 |
| EPS Growth % | 12.87% | -24.24% | -7.58% | -92.13% | 4.12% | -22.66% | -70.67% | -45.83% | -52.22% | -51.33% | 16.58% | -33.07% |
| EPS (Basic) | 1.15 | 0.76 | 0.62 | 0.07 | 1.02 | 1.00 | 0.67 | 0.92 | 0.98 | 1.31 | 2.29 | 1.70 |
| Diluted Shares Outstanding | 82.93M | 82.79M | 84.46M | 85.06M | 86.88M | 88.33M | 89.39M | 91.12M | 91.26M | 91.79M | 93.18M | 92.63M |
| Basic Shares Outstanding | 82.01M | 81.44M | 83M | 84.11M | 86.01M | 86.85M | 88.09M | 90.09M | 90.43M | 90.25M | 91.5M | 91.49M |
| Dividend Payout Ratio | 30.43% | 46.11% | 55.01% | 454.34% | 32.1% | 32.73% | 48.95% | 33.64% | 31.54% | 23.59% | 13.53% | 17.08% |