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Segment information (Tables)
6 Months Ended
Dec. 28, 2019
Segment information  
Table of the Company's segments and the related financial information for each

Second Quarters Ended

Six Months Ended

December 28,

December 29,

December 28,

December 29,

2019

    

2018

2019

2018

 

(Thousands)

Sales:

    

    

    

    

    

    

    

    

Electronic Components

$

4,203,629

$

4,680,714

$

8,497,815

$

9,391,540

Farnell

331,177

368,266

666,999

747,319

4,534,806

5,048,980

9,164,814

10,138,859

Operating income:

Electronic Components

$

93,144

$

158,551

$

205,430

$

320,464

Farnell

19,954

39,644

41,759

80,436

113,098

198,195

247,189

400,900

Corporate (1)

(30,904)

(19,372)

(57,582)

(39,546)

Restructuring, integration and other expenses

 

(14,265)

 

(62,260)

 

(38,863)

(77,048)

Amortization of acquired intangible assets and other

(21,454)

(20,513)

(41,532)

(41,440)

Operating income

$

46,475

$

96,050

$

109,212

$

242,866

Sales, by geographic area:

Americas (2)

$

1,186,582

$

1,300,423

$

2,402,339

$

2,572,216

EMEA (3)

 

1,425,859

 

1,668,575

 

2,896,782

 

3,383,492

Asia/Pacific (4)

 

1,922,365

 

2,079,982

 

3,865,693

 

4,183,151

Sales

$

4,534,806

$

5,048,980

$

9,164,814

$

10,138,859

(1)

Corporate is not a reportable segment and represents certain centrally incurred overhead expenses and assets that are not included in the EC and Farnell 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 $1.12 billion and $1.21 billion for the second quarters ended December 28, 2019 and December 29, 2018, respectively. Includes sales from the United States of $2.26 billion and $2.39 billion for the first six months of fiscal 2020 and 2019, respectively.

(3)

Includes sales from Germany and Belgium of $537.6 million and $281.6 million, respectively, for the second quarter ended December 28, 2019, and $1.12 billion and $559.4 million, respectively, for the first six months of fiscal 2020. Includes sales from Germany and Belgium of $648.5 million and $276.2 million, respectively, for the second quarter ended December 29, 2018, and $1.33 billion and $556.3 million, respectively, for the first six months of fiscal 2019.

(4)

Includes sales from China (including Hong Kong), Taiwan and Singapore of $611.8 million, $867.8 million and $243.8 million, respectively, for the second quarter ended December 28, 2019, and $1.24 billion, $1.74 billion and $483.4 million, respectively, for the first six months of fiscal 2020. Includes sales from China (including Hong Kong), Taiwan and Singapore of $668.4 million, $926.1 million and $261.9 million, respectively, for the second quarter ended December 29, 2018, and $1.36 billion, $1.81 billion and $542.3 million, respectively, for the first six months of fiscal 2019.

Table of Assets by reportable segment and long-lived assets by geographic area

December 28,

June 29,

 

2019

2019

 

 

(Thousands)

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

Americas (1)

$

200,201

$

213,802

EMEA (2)

 

195,683

 

200,379

Asia/Pacific

 

35,526

 

37,990

Property, plant, and equipment, net

$

431,410

$

452,171

(1)

Includes property, plant and equipment, net, of $195.4 million and $209.9 million as of December 28, 2019, and June 29, 2019, respectively, in the United States.

(2)

Includes property, plant and equipment, net, of $86.4 million, $75.4 million and $23.3 million in Germany, the United Kingdom and Belgium, respectively, as of December 28, 2019; and $95.2 million, $70.5 million and $25.2 million in Germany, the United Kingdom and Belgium, respectively, as of June 29, 2019.