XML 56 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Sales $ 22,768,674us-gaap_SalesRevenueNet $ 21,357,285us-gaap_SalesRevenueNet $ 20,405,128us-gaap_SalesRevenueNet
Costs and expenses:      
Cost of sales 19,772,779us-gaap_CostOfRevenue 18,566,356us-gaap_CostOfRevenue 17,667,842us-gaap_CostOfRevenue
Selling, general, and administrative expenses 1,959,749us-gaap_SellingGeneralAndAdministrativeExpense 1,873,638us-gaap_SellingGeneralAndAdministrativeExpense 1,849,534us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation and amortization 156,048us-gaap_DepreciationDepletionAndAmortization 131,141us-gaap_DepreciationDepletionAndAmortization 115,350us-gaap_DepreciationDepletionAndAmortization
Restructuring, integration, and other charges 39,841us-gaap_RestructuringCharges 92,650us-gaap_RestructuringCharges 47,437us-gaap_RestructuringCharges
Trade name impairment charge 78,000us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges
Settlement of legal matters 0us-gaap_GainLossRelatedToLitigationSettlement 0us-gaap_GainLossRelatedToLitigationSettlement (79,158)us-gaap_GainLossRelatedToLitigationSettlement
Total Costs and Expenses 22,006,417us-gaap_CostsAndExpenses 20,663,785us-gaap_CostsAndExpenses 19,601,005us-gaap_CostsAndExpenses
Operating income 762,257us-gaap_OperatingIncomeLoss 693,500us-gaap_OperatingIncomeLoss 804,123us-gaap_OperatingIncomeLoss
Equity in earnings of affiliated companies 7,318us-gaap_IncomeLossFromEquityMethodInvestments 7,429us-gaap_IncomeLossFromEquityMethodInvestments 8,112us-gaap_IncomeLossFromEquityMethodInvestments
Gain on sale of investment 29,743us-gaap_GainLossOnInvestments 0us-gaap_GainLossOnInvestments 0us-gaap_GainLossOnInvestments
Loss on prepayment of debt 0us-gaap_GainsLossesOnExtinguishmentOfDebt 4,277us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt
Interest and other financing expense, net 115,985us-gaap_InterestIncomeExpenseNet 114,433us-gaap_InterestIncomeExpenseNet 101,876us-gaap_InterestIncomeExpenseNet
Income before income taxes 683,333arw_IncomeBeforeIncomeTaxesAndAdjustmentForNoncontrollingInterest 582,219arw_IncomeBeforeIncomeTaxesAndAdjustmentForNoncontrollingInterest 710,359arw_IncomeBeforeIncomeTaxesAndAdjustmentForNoncontrollingInterest
Provision for income taxes 184,943us-gaap_IncomeTaxExpenseBenefit 182,343us-gaap_IncomeTaxExpenseBenefit 203,642us-gaap_IncomeTaxExpenseBenefit
Consolidated net income 498,390us-gaap_ProfitLoss 399,876us-gaap_ProfitLoss 506,717us-gaap_ProfitLoss
Noncontrolling interests 345us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 456us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 385us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to shareholders $ 498,045us-gaap_NetIncomeLoss $ 399,420us-gaap_NetIncomeLoss $ 506,332us-gaap_NetIncomeLoss
Net income per share:      
Basic $ 5.05us-gaap_EarningsPerShareBasic $ 3.89us-gaap_EarningsPerShareBasic $ 4.64us-gaap_EarningsPerShareBasic
Diluted $ 4.98us-gaap_EarningsPerShareDiluted [1] $ 3.85us-gaap_EarningsPerShareDiluted [1] $ 4.56us-gaap_EarningsPerShareDiluted [1]
Weighted-average shares outstanding:      
Basic 98,675us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 102,559us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 109,240us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 99,947us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 103,699us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 111,077us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] Stock-based compensation awards for the issuance of 294 shares, 874 shares, and 1,424 shares for the years ended December 31, 2014, 2013, and 2012, respectively, were excluded from the computation of net income per share on a diluted basis as their effect was anti-dilutive.