Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment and Geographic Information

Schedule of reportable segment

Sales, by reportable segment by geographic area, are as follows:

(thousands)	2024		2023		2022
Sales:
Components:
Americas	$	6,411,701	$	7,954,713	$	9,592,547
EMEA		5,648,107		8,074,894		7,627,974
Asia/Pacific		7,923,459		9,390,292		11,567,482
Global components	$	19,983,267	$	25,419,899	$	28,788,003
ECS:
Americas	$	4,067,160	$	4,160,298	$	4,847,027
EMEA		3,872,897		3,526,923		3,489,392
Global ECS	$	7,940,057	$	7,687,221	$	8,336,419
Consolidated	$	27,923,324	$	33,107,120	$	37,124,422

Sales by country are as follows:

(thousands)	2024		2023		2022
Sales:
China and Hong Kong	$	4,033,744	$	4,858,871	$	6,339,883
Germany		3,007,517		4,341,837		4,715,806
Other		11,114,613		12,737,852		12,901,063
Total foreign	$	18,155,874	$	21,938,560	$	23,956,752
United States		9,767,450		11,168,560		13,167,670
Total	$	27,923,324	$	33,107,120	$	37,124,422

Schedule of results of operations by reportable segment

Results of operations by reportable segment are as follows for the years ended December 31:

	2024
(thousands)	Global Components			Global ECS			Corporate		Consolidated
Sales	$	19,983,267		$	7,940,057		$	-	$	27,923,324
Cost of sales		17,650,909			6,980,007			-		24,630,916
Gross profit		2,332,358			960,050			-		3,292,408
Gross profit margin		11.7	%		12.1	%		-		11.8	%
Operating expenses (a)		1,591,085			549,975			382,791		2,523,851
Operating income (loss) (b) (c) (d)	$	741,273		$	410,075		$	(382,791)	$	768,557
Operating income margin		3.7	%		5.2	%		-		2.8	%
	2023
(thousands)	Global Components			Global ECS			Corporate		Consolidated
Sales	$	25,419,899		$	7,687,221		$	-	$	33,107,120
Cost of sales		22,220,779			6,737,323			-		28,958,102
Gross profit		3,199,120			949,898			-		4,149,018
Gross profit margin		12.6	%		12.4	%		-		12.5	%
Operating expenses (a)		1,739,954			582,894			355,006		2,677,854
Operating income (loss) (b) (c) (d)	$	1,459,166		$	367,004		$	(355,006)	$	1,471,164
Operating income margin		5.7	%		4.8	%		-		4.4	%

	2022
(thousands)	Global Components			Global ECS			Corporate		Consolidated
Sales	$	28,788,003		$	8,336,419		$	-	$	37,124,422
Cost of sales		24,883,076			7,404,721			-		32,287,797
Gross profit		3,904,927			931,698			-		4,836,625
Gross profit margin		13.6	%		11.2	%		-		13.0	%
Operating expenses (a)		1,943,802			523,179			301,150		2,768,131
Operating income (loss) (d)	$	1,961,125		$	408,519		$	(301,150)	$	2,068,494
Operating income margin		6.8	%		4.9	%		-		5.6	%

(a) Segment operating expenses include employee related expenses, depreciation and amortization, allowance for credit losses, and other segment expenses.

(b) Global components operating income includes charges of $60.6 million in inventory write downs related to the wind down of businesses in 2024. Global components operating income includes $62.2 million in settlement benefits recorded as a reduction to operating expense for 2023. Refer to Note 15.

(c) In 2023, global ECS operating income includes charges of $25.4 million to increase the allowance for credit losses related to one customer. During 2024, global ECS operating income includes a reversal of charges of $20.0 million for aged receivables that were collected, related to the same customer.

(d) Corporate operating loss for the years 2024, 2023, and 2022 includes restructuring, integration, and other charges of $142.9 million, $83.9 million, and $13.7 million, respectively. Refer to Note 9.

Schedule of reconciliation of assets from segment to consolidated

(thousands)	2024		2023
Total assets:
Global components	$	14,765,931	$	15,129,190
Global ECS		6,518,723		6,051,459
Corporate		473,053		545,519
Consolidated	$	21,757,707	$	21,726,168

Schedule of long-lived assets by geographical areas

(thousands)	2024		2023
Long-lived assets:
Netherlands	$	78,120	$	89,199
France		86,268		87,861
Other		223,903		258,264
Total foreign	$	388,291	$	435,324
United States		332,098		364,940
Total	$	720,389	$	800,264