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Segment information (Tables)
 12 Months Ended
Jun. 30, 2018
Segment information  
Table of the Company's segments and the related financial information for each

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

    

June 30,

    

July 1,

    

July 2,

 

 

 

2018

 

2017

 

2016

 

 

 

(Millions)

 

Sales:

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

17,543.6

 

$

16,474.1

 

$

16,740.6

 

Premier Farnell

 

 

1,493.3

 

 

965.9

 

 

 —

 

 

 

$

19,036.9

 

$

17,440.0

 

$

16,740.6

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

587.3

 

$

661.0

 

$

728.7

 

Premier Farnell

 

 

160.8

 

 

99.8

 

 

 —

 

 

 

 

748.1

 

 

760.8

 

 

728.7

 

Corporate (1)

 

 

(99.2)

 

 

(107.5)

 

 

(101.2)

 

Restructuring, integration and other expenses

 

 

(145.1)

 

 

(137.4)

 

 

(44.8)

 

Goodwill impairment

 

 

(181.4)

 

 

 —

 

 

 —

 

Amortization of acquired intangible assets and other

 

 

(91.9)

 

 

(54.5)

 

 

(9.8)

 

 

 

$

230.5

 

$

461.4

 

$

572.9

 

Assets:

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

7,510.1

 

$

7,126.0

 

$

7,163.1

 

Premier Farnell

 

 

1,598.7

 

 

1,489.6

 

 

 —

 

Corporate (1)

 

 

488.0

 

 

1,084.0

 

 

608.8

 

Discontinued operations

 

 

 —

 

 

 —

 

 

3,467.9

 

 

 

$

9,596.8

 

$

9,699.6

 

$

11,239.8

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

127.5

 

$

81.6

 

$

100.9

 

Premier Farnell

 

 

19.1

 

 

15.7

 

 

 —

 

Corporate (1)

 

 

9.3

 

 

23.1

 

 

36.5

 

 

 

$

155.9

 

$

120.4

 

$

137.4

 

Depreciation & amortization expense:

 

 

 

 

 

 

 

 

 

 

Electronic Components

 

$

133.3

 

$

64.4

 

$

44.9

 

Premier Farnell

 

 

94.5

 

 

53.7

 

 

 —

 

Corporate (1)

 

 

7.1

 

 

37.3

 

 

34.7

 

 

 

$

234.9

 

$

155.4

 

$

79.6

 

Sales, by geographic area:

 

 

 

 

 

 

 

 

 

 

Americas(2)

 

$

5,011.4

 

$

5,163.9

 

$

4,801.3

 

EMEA(3)

 

 

6,790.9

 

 

5,912.9

 

 

5,103.0

 

Asia/Pacific(4)

 

 

7,234.6

 

 

6,363.2

 

 

6,836.3

 

 

 

$

19,036.9

 

$

17,440.0

 

$

16,740.6

 

Property, plant and equipment, net, by geographic area:

 

 

 

 

 

 

 

 

 

 

Americas(5)

 

$

276.2

 

$

296.1

 

$

303.3

 

EMEA(6)

 

 

204.8

 

 

186.1

 

 

129.6

 

Asia/Pacific

 

 

41.9

 

 

37.4

 

 

20.3

 

 

 

$

522.9

 

$

519.6

 

$

453.2

 

(1)

Corporate is not a reportable segment and represents certain centrally incurred overhead expenses and assets that are not included in the EC and PF measures of profitability or assets. Corporate amounts represent a reconciling item between segment measures of profitability and total Avnet amounts reported in the consolidated financial statements.

(2)

Includes sales in the United States of $4.64 billion, $4.80 billion and $4.48 billion for fiscal 2018, 2017 and 2016, respectively.

(3)

Includes sales in Germany and Belgium of $2.66 billion and $1.08 billion, respectively, for fiscal 2018. Includes sales in Germany and Belgium of $2.29 billion and $930.3 million, respectively, for fiscal 2017. Includes sales in Germany and Belgium of $2.13 billion and $740.6 million, respectively, for fiscal 2016.

(4)

Includes sales of $2.71 billion, $2.63 billion and $949.5 million in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2018. Includes sales of $2.18 billion, $2.45 billion and $928.4 million in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2017. Includes sales of $2.86 billion, $2.44 billion and $903.0 million in Taiwan, China (including Hong Kong) and Singapore, respectively, for fiscal 2016.

(5)

Includes property, plant and equipment, net, of $271.4 million, $289.1 million and $297.1 million in the United States for fiscal 2018, 2017 and 2016, respectively.

(6)

Includes property, plant and equipment, net, of $99.4 million, $52.5 million and $43.4 million in Germany, the UK and Belgium, respectively, for fiscal 2018. Fiscal 2017 includes property, plant and equipment, net, of $85.6 million, $52.1 million and $39.8 million in Germany, the UK and Belgium, respectively. Fiscal 2016 includes property, plant and equipment, net, of $72.5 million in Germany and $40.0 million in Belgium.
Table of the Company's major product categories and the related sales for each

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

    

June 30,

    

July 1,

    

July 2,

 

 

 

2018

 

2017

 

2016

 

 

 

(Millions)

 

Semiconductors

 

$

14,890.9

 

$

13,537.9

 

$

13,978.0

 

Interconnect, passive & electromechanical (IP&E)

 

 

3,468.4

 

 

2,909.2

 

 

2,098.7

 

Computers

 

 

461.9

 

 

504.2

 

 

222.7

 

Other

 

 

215.7

 

 

488.7

 

 

441.2

 

 

 

$

19,036.9

 

$

17,440.0

 

$

16,740.6