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Segment information
3 Months Ended
Sep. 29, 2018
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 29,

 

September 30,

 

 

2018

    

2017

 

 

(Thousands)

Sales:

    

 

    

    

 

    

Electronic Components

 

$

4,710,825

 

$

4,307,251

Premier Farnell

 

 

379,054

 

 

353,692

 

 

 

5,089,879

 

 

4,660,943

Operating income:

 

 

 

 

 

 

Electronic Components

 

$

161,913

 

$

139,601

Premier Farnell

 

 

40,793

 

 

32,632

 

 

 

202,706

 

 

172,233

Corporate (1)

 

 

(20,175)

 

 

(35,686)

Restructuring, integration and other expenses

 

 

(14,788)

 

 

(46,394)

Amortization of acquired intangible assets and other

 

 

(20,927)

 

 

(25,585)

Operating income

 

$

146,816

 

$

64,568

 

 

 

 

 

 

 

Sales, by geographic area:

 

 

 

 

 

 

Americas (2)

 

$

1,271,793

 

$

1,185,485

EMEA (3)

 

 

1,714,917

 

 

1,692,985

Asia/Pacific (4)

 

 

2,103,169

 

 

1,782,473

Sales

 

$

5,089,879

 

$

4,660,943

 


(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 of profitability or assets and total Avnet amounts reported in the consolidated financial statements.

 

(2)Includes sales from the United States of $1.18 billion and $1.10 billion for the first quarters ended September 29, 2018 and September 30, 2017, respectively.

 

(3)Includes sales from Germany and Belgium of $685.7 million and $280.1 million, respectively, for the first quarter ended September 29, 2018. Includes sales from Germany and Belgium of $681.0 million and $262.5 million, respectively, for the first quarter ended September 30, 2017. 

 

(4)Includes sales from China (including Hong Kong), Taiwan and Singapore of $693.1 million, $888.7 million and $280.4 million, respectively, for the first quarter ended September 29, 2018. Includes sales from China (including Hong Kong), Taiwan and Singapore of $655.4 million, $657.5 million and $228.9 million, respectively, for the first quarter ended September 30, 2017.  

 

 

 

 

 

 

 

 

 

 

 

September 29,

 

June 30,

 

 

 

2018

 

2018

 

 

 

(Thousands)

 

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

 

 

 

 

 

 

 

Americas (1)

 

$

272,398

 

$

276,156

 

EMEA (2)

 

 

212,486

 

 

204,797

 

Asia/Pacific

 

 

40,989

 

 

41,956

 

Property, plant, and equipment, net

 

$

525,873

 

$

522,909

 

 


(1)Includes property, plant and equipment, net, of $267.5 million and $271.4 million as of September 29, 2018, and June 30, 2018, respectively, in the United States.

 

(2)Includes property, plant and equipment, net, of $99.4 million, $50.8 million and $52.7 million in Germany, UK and Belgium, respectively, as of September 29, 2018; and $99.4 million, $52.5 million and $43.4 million in Germany, UK and Belgium, respectively, as of June 30, 2018.