Avnet 2015 Annual Report Download - page 21

TableofContents
Item 6. Selected Financial Data
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  Years Ended 
 July 2,  June 27,  June 28,  June 29,  June 30, 
  2016 2015 2014 2013 2012 
  (Millions, except for per share and ratio data) 
Income:            
Sales  $ 26,219.3  $ 27,924.7  $ 27,499.7  $ 25,458.9  $ 25,707.5 
Grossprofit  3,037.5   3,193.1   3,225.7   2,979.8   3,050.6 
Operatingincome  787.7   827.7   789.9   626.0   884.2 
Incometaxexpense  164.0   141.1   155.5   99.2   223.8 
Netincome  506.5   571.9   545.6   450.1   567.0 
FinancialPosition:           
Workingcapital  4,061.5   4,312.6   3,907.6   3,443.0   3,335.4 
Totalassets  11,239.8   10,800.0   11,255.5   10,474.7   10,167.9 
Long-termdebt  1,339.2   1,646.5   1,213.8   1,207.0   1,272.0 
Shareholders’equity  4,691.3   4,685.0   4,890.2   4,289.1   3,905.7 
PerShare:           
Basicearnings  3.87   4.18   3.95   3.26   3.85 
Dilutedearnings  3.80   4.12   3.89   3.21   3.79 
Cashdividendsdeclared  0.68   0.64   0.60   —   — 
Bookvalueperdilutedshare  35.2   33.8   34.90   30.64   26.12 
Ratios:           
Operatingincomeasapercentageofsales  3.0 %  3.0 %  2.9 %  2.5 %  3.4 %
Netincomeasapercentageofsales  1.9 %  2.0 %  2.0 %  1.8 % 2.2 %
Returnoncapital  10.7 %  11.6 %  11.4 %  10.6 % 12.9 %
Quickratio  1.2:1   1.4:1   1.2:1   1.2:1   1.2:1 
Currentratio  1.8:1   2.0:1   1.8:1   1.7:1   1.7:1 
Totaldebttocapital  34.7 %  29.7 %  29.8 %  32.3 % 35.4 %
(a) Fiscal2016contained53weekscomparedto52weeksintheotherfiscalyearspresented.
(b) All fiscal years presented include restructuring, integration and other expenses, which totaled $79.3 million before tax,
$52.3millionaftertaxand$0.39pershareonadilutedbasisinfiscal2016,$90.8millionbeforetax,$65.9millionaftertax
and$0.47pershareonadilutedbasisinfiscal2015,$94.6millionbeforetax,$70.8millionaftertaxand$0.50pershareon
adilutedbasisinfiscal2014,$149.5millionbeforetax,$116.4millionaftertaxand$0.83pershareonadilutedbasisin
fiscal2013,and$73.6millionbeforetax,$53.0millionaftertaxand$0.35pershareonadilutedbasisinfiscal2012.
(c) Allfiscalyearspresented included the impact oftax benefits primarilyduetothereleaseof valuation allowances net of
additionalreservesincluding$16.5millionand$0.12pershareonadilutedbasisinfiscal2016,$55.1millionand$0.39
pershareonadilutedbasisinfiscal2015,$43.8millionand$0.31pershareonadilutedbasisinfiscal2014,$50.4million
and$0.36pershareonadilutedbasisinfiscal2013,and$8.6millionand$0.06pershareonadilutedbasisinfiscal2012.
(d) Allfiscalyearspresentedwereimpactedbyotherexpenseorincomeamountsthatimpactthecomparabilitybetweenyears
includinga gainonlegalsettlement of $22.1millionbeforetax,$13.5 millionaftertaxand$0.09 pershareona diluted
basisinfiscal2014,againonbargainpurchaseandotherof$31.0million beforeandaftertaxand$0.22pershareona
dilutedbasisinfiscal2013,andagainonbargainpurchaseandotherof$2.9millionbeforetax,$3.5millionaftertaxand
$0.02pershareonadilutedbasisinfiscal2012.
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(b)
(c)
(d)
(e)