Avnet Historical Income Statement

AVT Stock

USD 54.71 0.48 0.89%

Historical analysis of Avnet income statement accounts such as Interest Expense of 268.7 M, Selling General Administrative of 1.3 B or Total Revenue of 14.6 B can show how well Avnet Inc performed in making a profits. Evaluating Avnet income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Avnet's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Avnet Inc latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Avnet Inc is a good buy for the upcoming year.

Net Income Gross Profit

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About Avnet Income Statement Analysis

Avnet Inc Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Avnet shareholders. The income statement also shows Avnet investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Avnet Income Statement Chart

At this time, Avnet's Operating Income is comparatively stable compared to the past year. Net Income is likely to gain to about 523.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 1.3 B in 2024.

Selling General Administrative Gross Profit Other Operating Expenses Net Income

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Avnet Inc minus its cost of goods sold. It is profit before Avnet operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Avnet Inc. It is also known as Avnet overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Avnet Inc financial statement analysis. It represents the amount of money remaining after all of Avnet Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most accounts from Avnet's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Avnet Inc current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avnet Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

	2021	2022	2023	2024 (projected)
Gross Profit	3.0B	3.2B	2.8B	1.9B
Total Revenue	24.3B	26.5B	23.8B	14.6B

Gross Profit Total Revenue

Avnet income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Discontinued Operations	Tax Provision	Interest Income	Extraordinary Items	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.1	0.57	0.3	0.33	0.32	-0.2	-0.03	0.14	0.3	0.52	-0.28	-0.69	-0.37	-0.1	-0.6	0.7	-0.06	-0.33	-0.1	0.23	-0.3	0.12	0.77
Interest Expense	0.1		0.26	0.27	0.28	0.26	0.63	0.43	0.44	0.27	0.17	0.29	-0.53	0.4	0.2	0.17	-0.21	0.32	-0.4	0.25	-0.72	-0.44	-0.94	-0.28
Selling General Administrative	0.57	0.26		0.78	0.81	0.78	0.38	0.56	0.65	0.77	0.86	0.39	-0.29	0.29	0.3	0.03	0.27	-0.11	-0.12	0.08	0.19	-0.12	0.03	0.14
Total Revenue	0.3	0.27	0.78		0.99	1.0	0.69	0.85	0.89	1.0	0.95	0.75	0.0	0.61	0.49	0.44	-0.05	-0.23	-0.02	0.17	0.19	-0.02	-0.01	-0.2
Gross Profit	0.33	0.28	0.81	0.99		0.99	0.69	0.87	0.92	0.99	0.95	0.75	-0.05	0.61	0.55	0.41	0.0	-0.23	0.01	0.25	0.19	0.02	-0.01	-0.19
Other Operating Expenses	0.32	0.26	0.78	1.0	0.99		0.67	0.83	0.88	1.0	0.96	0.74	-0.01	0.59	0.47	0.43	-0.04	-0.24	-0.02	0.15	0.2	-0.03	0.0	-0.18
Operating Income	-0.2	0.63	0.38	0.69	0.69	0.67		0.88	0.84	0.68	0.48	0.88	0.03	0.89	0.53	0.76	-0.52	0.03	-0.1	0.35	-0.32	-0.15	-0.52	-0.66
Ebit	-0.03	0.43	0.56	0.85	0.87	0.83	0.88		0.99	0.84	0.68	0.94	0.06	0.79	0.72	0.7	-0.28	-0.02	0.0	0.51	0.05	-0.01	-0.28	-0.5
Ebitda	0.14	0.44	0.65	0.89	0.92	0.88	0.84	0.99		0.88	0.76	0.88	-0.05	0.72	0.7	0.59	-0.16	-0.03	-0.06	0.49	0.08	-0.06	-0.26	-0.37
Cost Of Revenue	0.3	0.27	0.77	1.0	0.99	1.0	0.68	0.84	0.88		0.95	0.75	0.0	0.61	0.48	0.44	-0.06	-0.23	-0.02	0.16	0.19	-0.03	-0.01	-0.2
Total Operating Expenses	0.52	0.17	0.86	0.95	0.95	0.96	0.48	0.68	0.76	0.95		0.53	-0.15	0.4	0.38	0.16	0.21	-0.3	0.01	0.07	0.25	0.02	0.14	0.05
Income Before Tax	-0.28	0.29	0.39	0.75	0.75	0.74	0.88	0.94	0.88	0.75	0.53		0.37	0.89	0.65	0.88	-0.56	-0.11	0.08	0.44	0.05	0.06	-0.2	-0.69
Total Other Income Expense Net	-0.69	-0.53	-0.29	0.0	-0.05	-0.01	0.03	0.06	-0.05	0.0	-0.15	0.37		0.35	0.1	0.59	-0.64	-0.36	0.45	-0.02	0.28	0.43	0.42	-0.53
Net Income	-0.37	0.4	0.29	0.61	0.61	0.59	0.89	0.79	0.72	0.61	0.4	0.89	0.35		0.36	0.87	-0.7	-0.33	0.25	0.17	-0.17	0.18	-0.31	-0.82
Income Tax Expense	-0.1	0.2	0.3	0.49	0.55	0.47	0.53	0.72	0.7	0.48	0.38	0.65	0.1	0.36		0.35	-0.03	0.24	-0.05	0.88	-0.01	0.03	-0.14	-0.26
Net Income From Continuing Ops	-0.6	0.17	0.03	0.44	0.41	0.43	0.76	0.7	0.59	0.44	0.16	0.88	0.59	0.87	0.35		-0.82	-0.11	0.16	0.22	0.01	0.09	-0.21	-0.85
Non Recurring	0.7	-0.21	0.27	-0.05	0.0	-0.04	-0.52	-0.28	-0.16	-0.06	0.21	-0.56	-0.64	-0.7	-0.03	-0.82		0.14	-0.09	0.0	0.3	0.0	0.33	0.81
Non Operating Income Net Other	-0.06	0.32	-0.11	-0.23	-0.23	-0.24	0.03	-0.02	-0.03	-0.23	-0.3	-0.11	-0.36	-0.33	0.24	-0.11	0.14		-0.76	0.44	-0.29	-0.71	-0.44	0.17
Discontinued Operations	-0.33	-0.4	-0.12	-0.02	0.01	-0.02	-0.1	0.0	-0.06	-0.02	0.01	0.08	0.45	0.25	-0.05	0.16	-0.09	-0.76		-0.19	0.28	0.99	0.4	-0.34
Tax Provision	-0.1	0.25	0.08	0.17	0.25	0.15	0.35	0.51	0.49	0.16	0.07	0.44	-0.02	0.17	0.88	0.22	0.0	0.44	-0.19		-0.09	-0.1	-0.28	-0.2
Interest Income	0.23	-0.72	0.19	0.19	0.19	0.2	-0.32	0.05	0.08	0.19	0.25	0.05	0.28	-0.17	-0.01	0.01	0.3	-0.29	0.28	-0.09		0.31	0.76	0.3
Extraordinary Items	-0.3	-0.44	-0.12	-0.02	0.02	-0.03	-0.15	-0.01	-0.06	-0.03	0.02	0.06	0.43	0.18	0.03	0.09	0.0	-0.71	0.99	-0.1	0.31		0.44	-0.26
Net Interest Income	0.12	-0.94	0.03	-0.01	-0.01	0.0	-0.52	-0.28	-0.26	-0.01	0.14	-0.2	0.42	-0.31	-0.14	-0.21	0.33	-0.44	0.4	-0.28	0.76	0.44		0.35
Reconciled Depreciation	0.77	-0.28	0.14	-0.2	-0.19	-0.18	-0.66	-0.5	-0.37	-0.2	0.05	-0.69	-0.53	-0.82	-0.26	-0.85	0.81	0.17	-0.34	-0.2	0.3	-0.26	0.35

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Avnet Account Relationship Matchups

Avnet income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	242.9M	188.7M	155.2M	143.0M	140.5M	97.3M
Interest Expense	122.7M	89.5M	100.4M	250.9M	282.9M	268.7M
Selling General Administrative	1.8B	1.9B	2.0B	2.0B	1.9B	1.3B
Total Revenue	17.6B	19.5B	24.3B	26.5B	23.8B	14.6B
Gross Profit	2.1B	2.2B	3.0B	3.2B	2.8B	1.9B
Other Operating Expenses	17.4B	19.2B	23.3B	25.3B	22.9B	14.1B
Operating Income	220.6M	281.4M	939.0M	1.2B	896.9M	941.8M
Ebit	220.6M	262.4M	933.7M	1.2B	915.1M	504.5M
Ebitda	463.5M	451.1M	1.1B	1.4B	1.1B	601.8M
Cost Of Revenue	15.6B	17.3B	21.3B	23.4B	21.0B	12.7B
Total Operating Expenses	1.8B	1.9B	2.0B	2.0B	1.9B	1.4B
Income Before Tax	(128.1M)	172.9M	833.3M	982.9M	632.3M	322.1M
Total Other Income Expense Net	(348.7M)	(108.5M)	(105.7M)	(203.9M)	(264.7M)	(251.4M)
Net Income	(29.5M)	193.1M	692.4M	770.8M	498.7M	523.6M
Income Tax Expense	(98.6M)	(20.2M)	141.0M	212.0M	133.6M	105.1M
Net Income Applicable To Common Shares	(31.1M)	19.7B	692.4M	770.8M	886.5M	1.4B
Net Income From Continuing Ops	(29.5M)	193.1M	692.4M	770.8M	498.7M	327.8M
Non Recurring	226.0M	84.4M	5.3M	28.0M	32.2M	30.6M
Non Operating Income Net Other	(737K)	(19.0M)	(5.3M)	9.9M	8.9M	9.4M
Tax Provision	(98.6M)	(20.2M)	141.0M	212.0M	133.6M	103.2M
Net Interest Income	(122.7M)	(89.5M)	(100.4M)	(250.9M)	(282.9M)	(268.7M)
Reconciled Depreciation	242.9M	188.7M	155.2M	143.0M	140.5M	144.1M

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Avnet Historical Income Statement

About Avnet Income Statement Analysis

Avnet Income Statement Chart

Gross Profit

Other Operating Expenses

Net Income

Avnet income statement Correlations

Avnet Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Avnet income statement Accounts

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Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Other Operating Expenses
Gross Profit	+ 0.99	Total Revenue
Other Operating Expenses	+ 0.99	Gross Profit
Cost Of Revenue	+ 0.99	Gross Profit

Net Interest Income	- 0.94	Interest Expense
Reconciled Depreciation	- 0.85	Net Income From Continuing Ops
Non Recurring	- 0.82	Net Income From Continuing Ops
Reconciled Depreciation	- 0.82	Net Income
Discontinued Operations	- 0.76	Non Operating Income Net Other
Interest Income	- 0.72	Interest Expense