Segment information

9 Months Ended

Apr. 02, 2022

Segment information

Segment information

13. Segment information

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

	Third Quarters Ended				Nine Months Ended
	April 2,		April 3,		April 2,		April 3,
	2022		2021		2022		2021
	(Thousands)
Sales:
Electronic Components	$	6,019,094	$	4,520,608	$	16,572,940	$	13,245,143
Farnell		469,049		396,106		1,365,115		1,062,802
		6,488,143		4,916,714		17,938,055		14,307,945
Operating income:
Electronic Components	$	265,017	$	118,565	$	616,383	$	306,927
Farnell		69,817		23,861		179,598		50,412
		334,834		142,426		795,981		357,339
Corporate		(31,091)		(31,885)		(98,016)		(102,114)
Restructuring, integration and other expenses		—		(17,574)		(5,272)		(55,943)
Russian-Ukraine conflict related expenses		(26,261)		—		(26,261)		—
Amortization of acquired intangible assets and other		(3,074)		(5,283)		(12,109)		(35,875)
Operating income	$	274,408	$	87,684	$	654,323	$	163,407
Sales, by geographic area:
Americas (1)	$	1,627,251	$	1,160,973	$	4,277,630	$	3,468,118
EMEA (2)		2,185,728		1,585,631		5,774,095		4,412,652
Asia/Pacific (3)		2,675,164		2,170,110		7,886,330		6,427,175
Sales	$	6,488,143	$	4,916,714	$	17,938,055	$	14,307,945

⁽¹⁾ Includes sales from the United States of $1.52 billion and $1.08 billion for the third quarters ended April 2, 2022, and April 3, 2021, respectively. Includes sales from the United States of $3.97 billion and $3.24 billion for the first nine months of fiscal 2022 and 2021, respectively.

⁽²⁾ Includes sales from Germany and Belgium of $880.5 million and $369.1 million, respectively, for the third quarter ended April 2, 2022; and $2.32 billion and $1.01 billion, respectively, for the first nine months of fiscal 2022. Includes sales from Germany and Belgium of $619.4 million and $276.4 million, respectively, for the third quarter ended April 3, 2021; and $1.71 billion and $825.8 million, respectively, for the first nine months of fiscal 2021.

⁽³⁾ Includes sales from China (including Hong Kong), Taiwan and Singapore of $823.2 million, $1.17 billion and $354.7 million, respectively, for the third quarter ended April 2, 2022; and $2.51 billion, $3.50 billion and $942.2 million, respectively, for the first nine months of fiscal 2022. Includes sales from China (including Hong Kong), Taiwan and Singapore of $717.7 million, $956.8 million and $249.5 million, respectively, for the third quarter ended April 3, 2021; and $2.02 billion, $2.95 billion and $774.1 million, respectively, for the first nine months of fiscal 2021.

	April 2,		July 3,
	2022		2021
	(Thousands)
Property, plant, and equipment, net, by geographic area:
Americas (1)	$	122,370	$	146,042
EMEA (2)		170,046		185,753
Asia/Pacific		31,004		36,657
Property, plant, and equipment, net	$	323,420	$	368,452

⁽¹⁾ Includes property, plant and equipment, net, of $119.1 million and $142.7 million as of April 2, 2022, and July 3, 2021, respectively, in the United States.

⁽²⁾ Includes property, plant and equipment, net, of $66.7 million, $80.6 million and $18.2 million in Germany, the United Kingdom and Belgium, respectively, as of April 2, 2022; and $77.9 million, $83.5 million and $20.9 million in Germany, the United Kingdom and Belgium, respectively, as of July 3, 2021.