SUMMARIZED FINANCIAL INFORMATION OF ANIXTER INC. (Tables)

12 Months Ended

Jan. 03, 2020

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CONDENSED CONSOLIDATED BALANCE SHEETS

The following summarizes the financial information for Anixter Inc.:

ANIXTER INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions)	January 3, 2020		December 28, 2018
Assets:
Current assets	$	3,035.3	$	3,171.6
Property and equipment, net	179.5		169.1
Operating leases	265.1		—
Goodwill	828.7		832.0
Intangible assets, net	361.2		392.9
Other assets	132.9		92.9
	$	4,802.7	$	4,658.5
Liabilities and Stockholder's Equity:
Current liabilities	$	1,492.8	$	1,630.3
Long-term debt	1,065.9		1,260.7
Operating lease obligations	213.0		—
Other liabilities	172.6		199.6
Stockholder’s equity	1,858.4		1,567.9
	$	4,802.7	$	4,658.5

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

ANIXTER INC.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

	Years Ended
(In millions)	January 3, 2020		December 28, 2018		December 29, 2017
Net sales	$	8,845.6	$	8,400.2	$	7,927.4
Operating income	$	374.9	$	316.4	$	319.4
Income before income taxes	$	300.1	$	229.1	$	243.2
Net income	$	268.1	$	160.9	$	112.6
Comprehensive income	$	277.9	$	101.8	$	153.2