Arrow Electronics (ARW) FY2020 results: revenue $28.7 billion, down 0.8% on the year
Arrow Electronics, Inc. (ARW) reported revenue of $28.7 billion for fiscal 2020, the year ended 31 December 2020, down 0.8% on the year before. Net income was $584 million, and diluted earnings per share $7.43. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2021.
Revenue
$28.7 billion
-0.8% on the year
FY2013FY2020
Operating margin
3.1%
0.4% a year earlier
FY2013FY2020
Net income
$584 million
FY2013FY2020
Diluted EPS
$7.43
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
28,673
28,917
29,677
-0.8%
Cost of revenue
25,482
25,618
25,976
-0.5%
Gross profit
3,191
3,298
3,701
-3.3%
Gross margin
11.1%
11.4%
12.5%
Selling, general and administrative
2,087
2,192
2,303
-4.8%
Operating income
895
108
1,148
+730.6%
Operating margin
3.1%
0.4%
3.9%
Income tax
173
88.3
188
+95.6%
Net income
584
-204
716
Net margin
2.0%
-0.7%
2.4%
Diluted EPS
$7.43
-$2.44
$8.10
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,360
858
273
+58.5%
Capital expenditure
124
143
135
-13.7%
Free cash flow
1,236
715
137
+73.0%
Free cash flow margin
4.3%
2.5%
0.5%
Cash from investing
-139
-174
-463
Cash from financing
-1,227
-906
-36.8
Depreciation and amortisation
189
190
186
-0.4%
Share-based compensation
35.3
41.1
46.2
-14.1%
Buybacks
484
404
243
+19.7%
Diluted shares, weighted
79m
84m
88m
-5.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
5,089
4,812
5,325
+5.8%
Non-controlling interest
59.6
54.5
51.4
+9.5%
Debt
2,257
2,972
3,485
-24.1%
Operating lease liabilities
261
252
n/a
+3.5%
Other liabilities
9,388
8,311
8,923
+13.0%
Total liabilities and equity
17,054
16,401
17,784
+4.0%
Fixed assets
800
803
825
-0.4%
Goodwill
2,115
2,061
2,625
+2.6%
Intangible assets
234
272
373
-14.0%
Cash and equivalents
374
300
509
+24.5%
Receivables
9,205
8,483
8,945
+8.5%
Inventory
3,287
3,477
3,879
-5.5%
Other assets
1,039
1,005
629
+3.4%
Total assets
17,054
16,401
17,784
+4.0%
10-K for the year ended 31 December 2020, filed 11 February 2021: the filing.