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Segment information
3 Months Ended
Sep. 30, 2017
Segment information  
Segment information

13. Segment information

 

Electronic Components (“EC”) and Premier Farnell (“PF”) are the Company’s reportable segments (“operating groups”). EC markets and sells semiconductors and interconnect, passive and electromechanical devices and integrated components to a diverse customer base serving many end-markets. PF distributes electronic components and related products to the electronic system design community utilizing multi-channel sales and marketing resources.

 

 

 

 

 

 

 

 

 

 

 

First Quarters Ended

 

 

 

September 30,

 

October 1,

 

 

 

2017

 

2016

 

 

 

(Thousands)

 

Sales:

    

 

    

    

 

    

 

Electronic Components

 

$

4,307,251

 

$

4,118,104

 

Premier Farnell

 

 

353,692

 

 

 —

 

 

 

 

4,660,943

 

 

4,118,104

 

Operating income (loss):

 

 

 

 

 

 

 

Electronic Components

 

$

139,601

 

$

185,051

 

Premier Farnell

 

 

34,795

 

 

 —

 

 

 

 

174,396

 

 

185,051

 

Corporate (1)

 

 

(32,462)

 

 

(23,690)

 

Restructuring, integration and other expenses

 

 

(46,394)

 

 

(29,469)

 

Amortization of acquired intangible assets and other

 

 

(25,585)

 

 

(2,378)

 

Operating Income

 

$

69,955

 

$

129,514

 

 

 

 

 

 

 

 

 

Sales, by geographic area:

 

 

 

 

 

 

 

Americas (2)

 

$

1,185,485

 

$

1,250,508

 

EMEA (3)

 

 

1,692,985

 

 

1,265,294

 

Asia/Pacific (4)

 

 

1,782,473

 

 

1,602,302

 

Sales

 

$

4,660,943

 

$

4,118,104

 

 


(1)Corporate is not a reportable segment and represents certain centrally incurred overhead expenses and assets that are not included in the EC and PF measures of profitability or assets. Corporate amounts represent a reconciling item between segment measures and total Avnet amounts reported in the consolidated financial statements.

 

(2)Includes sales from the United States of $1.10 billion and $1.17 billion for the first quarters ended September 30, 2017, and October 1, 2016, respectively.

 

(3)Includes sales from Germany and Belgium of $681.0 million and $262.5 million, respectively, for the first quarter ended September 30, 2017. Includes sales from Germany and Belgium of $521.4 million and $202.7 million, respectively, for the first quarter ended October 1, 2016.

 

(4)Includes sales from China (including Hong Kong) and Taiwan of $655.4 million and $657.5 million, respectively, for the first quarter ended September 30, 2017. Includes sales from China (including Hong Kong) and Taiwan of $624.8 million and $589.5 million, respectively, for the first quarter ended October 1, 2016.

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

July 1,

 

 

 

2017

 

2017

 

 

 

(Thousands)

 

Property, plant, and equipment, net, by geographic area:

 

 

 

 

 

 

 

Americas (1)

 

$

278,435

 

$

296,038

 

EMEA (2)

 

 

193,756

 

 

186,127

 

Asia/Pacific

 

 

38,112

 

 

37,410

 

Property, plant, and equipment, net

 

$

510,303

 

$

519,575

 

 


(1)Includes property, plant and equipment, net, of $272.5 million and $289.1 million as of September 30, 2017, and July 1, 2017, respectively, in the United States.

 

(2)Includes property, plant and equipment, net, of $91.9 million, $52.2 million and $40.6 million in Germany, UK and Belgium, respectively, as of September 30, 2017, and $85.6 million, $52.1 million and $39.8 million in Germany, UK and Belgium, respectively, as of July 1, 2017.