AMPHENOL CORP /DE/

10-K & 10-Q Filings

Amphenol Corporation is a leading designer, manufacturer, and marketer of electrical, electronic, and fiber optic connectors and interconnect systems, antennas, sensors, and specialty cable. The company was founded in 1932 and incorporated in Delaware in 1986. Its Class A Common Stock began trading on the New York Stock Exchange in 1991. Amphenol's business strategy includes market diversification, developing high-technology performance-enhancing solutions, expanding global presence, controlling costs, and pursuing strategic acquisitions and investments. The company operates in three reportable business segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems. Its website is www.amphenol.com, and its ticker symbol is APH. Harsh Environment Solutions focuses on ruggedized interconnect products, including connectors and interconnect systems, printed circuits and printed circuit assemblies, and other products. Communications Solutions offers a broad range of connector and interconnect systems, fiber optic interconnect products, high-speed interconnect products, radio frequency interconnect products, cable assemblies and harnesses, antennas, and cable. Interconnect and Sensor Systems designs, manufactures, and markets a broad range of sensors, sensor-based systems, connectors, and value-add interconnect systems. The company's products are sold to thousands of original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) companies, original design manufacturers (ODMs), and service providers, including telecommunications network service providers and web service providers. No single customer accounted for 10% or more of the Company’s net sales during the years ended December 31, 2023, 2022, and 2021. Amphenol is a global manufacturer with advanced manufacturing processes and proprietary process technology for connectors, specialty and coaxial cable production, antenna and sensor fabrication. The company operates in approximately 40 countries around the world and employs a global manufacturing strategy to provide proximity and reliable service to customers while lowering production and logistics costs. The company's product development strategy relies on product design teams at each operating unit working collaboratively with customers, and it focuses its research and development efforts on those product areas that have the potential for broad market applications and significant sales within a one- to three-year period. Amphenol owns a significant portfolio of patents and trademarks and relies on trade secrets, manufacturing know-how, continuing technological innovations, and licensing opportunities to maintain and improve its competitive position. Amphenol competes primarily on the basis of technology innovation, product quality and performance, price, customer service, and delivery time. Its primary competitors include Aptiv, Belden, Commscope, Eaton, Foxconn, Glenair, HARTING, Hirose, HUBER+SUHNER, ICT Luxshare, JAE, Jonhon, JST, Molex, Phoenix Contact, Radiall, Rosenberger, Sensata, TE Connectivity, Yazaki, and 3M, among others. The company's website is www.amphenol.com, and its ticker symbol is APH.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$3939.79
4292.06
4614.67
5345.50
5568.70
6286.40
7011.30
8202.00
8225.40
8598.90
10876.30
12623.00
12554.70
2974.00
3256.30
10.14%9.49%Cost of Revenue (-)
$2696.13
2948.85
3163.84
3651.70
3789.20
4246.40
4701.40
5547.10
5609.40
5934.80
7474.50
8594.80
8470.60
2030.60
2167.30
10.01%6.73%Gross Profit (+)
$1243.66
1343.21
1450.83
1693.80
1779.50
2040.00
2309.90
2654.90
2616.00
2664.10
3401.80
4028.20
4084.10
943.40
1089.00
10.42%15.43%Selling, General & Administrative (-)
$486.32
512.87
548.04
645.10
669.10
798.20
878.30
959.50
971.40
1014.20
1226.30
1420.90
1489.90
346.30
404.20
9.78%16.72%Non-recurring Operating Expenses (-)
$2.00
2.00
5.98
14.10
5.70
36.60
4.00
8.50
25.40
11.50
70.40
21.50
34.60
5.40
26.81%Operating Expenses (-)
$488.32
514.87
554.02
659.20
674.80
834.80
882.30
968.00
996.80
1025.70
1296.70
1442.40
1524.50
351.70
404.20
9.95%14.93%Costs & Expenses (Total) (-)
$3184.44
3463.72
3717.86
4310.90
4464.00
5081.20
5583.70
6515.10
6606.20
6960.50
8771.20
10037.20
9995.10
2382.30
2571.50
10.00%7.94%Operating Income/Loss (+)
$751.68
828.35
896.81
1034.60
1104.70
1205.20
1427.60
1686.90
1619.20
1638.40
2105.10
2585.80
2559.60
591.70
684.80
10.75%15.73%Non-operating Income/Expense (+)
$-13.38
10.11
13.38
18.30
16.40
8.50
17.10
3.20
-5.70
3.60
-0.40
10.00
29.30
4.10
16.00
290.24%Interest Expense (-)
$43.03
59.61
-63.55
80.40
68.30
72.60
92.30
101.70
117.60
115.40
115.50
128.40
139.50
35.90
38.10
10.30%6.13%Earnings before Tax (+)
$716.75
778.84
846.64
972.50
1052.80
1141.10
1352.40
1588.40
1495.90
1526.60
1989.20
2467.40
2454.80
559.90
662.70
10.80%18.36%Tax Expense (-)
$-187.91
-219.33
-207.90
257.30
280.50
308.50
691.70
371.50
331.90
313.30
409.10
550.60
509.30
117.20
110.70
-5.55%Income/Loss (Continuing Operations) (+)
$904.66
998.17
1054.54
715.20
772.30
832.60
660.70
1216.90
1164.00
1213.30
3149.50
3819.10
3873.50
442.70
552.00
12.88%24.69%Income/Loss (Discontinued Operations) (+)
$
21.40
Profit/Loss (+)
$528.84
559.51
638.75
715.20
772.30
832.60
660.70
1216.90
1164.00
1213.30
442.70
552.00
24.69%Net Income/Loss (NCI) (-)
$4.65
4.19
-3.08
6.10
8.80
9.70
10.20
11.90
9.00
9.90
3.50
3.30
-5.71%Net Income/Loss (+)
$524.19
555.32
635.67
709.10
763.50
822.90
650.50
1205.00
1155.00
1203.40
1590.80
1902.30
1928.00
439.20
548.70
11.46%24.93%Net Income/Loss (Common) (+)
$524.19
555.32
635.67
709.10
763.50
822.90
650.50
1205.00
1155.00
1203.40
1590.80
1902.30
1928.00
439.20
548.70
11.46%24.93%EPS (Basic)
$3.09
3.44
4.00
2.26
2.47
2.67
2.13
4.00
3.88
4.04
2.66
3.19
3.23
0.74
0.91
0.37%22.97%EPS (Diluted)
$3.05
3.39
3.92
2.21
2.41
2.61
2.06
3.85
3.75
3.91
2.54
3.06
3.11
0.71
0.87
0.16%22.54%Weighted Avg Shares (Basic)
169.64
161.52
159.09
313.14
309.10
308.30
305.70
301.20
297.50
298.00
597.90
596.20
596.50
595.10
600.00
11.05%0.82%Weighted Avg Shares (Diluted)
171.83
163.95
162.27
320.43
316.50
315.20
316.50
312.60
307.90
307.50
625.50
621.00
620.60
619.90
627.90
11.30%1.29%Cash
$515.09
690.85
886.84
968.90
1737.20
1034.60
1719.10
1279.30
891.20
1702.00
1197.10
1373.10
1475.00
1391.10
1857.10
9.16%33.50%Short-term Investments
$133.85
251.65
305.32
360.70
23.20
138.60
34.60
12.40
17.40
36.10
44.30
61.10
185.20
107.60
106.40
2.74%-1.12%Receivables
$767.18
910.71
1001.01
1123.70
1104.60
1349.30
1598.60
1791.80
1736.40
1951.60
2454.80
2631.30
2618.40
2411.90
2501.40
10.77%3.71%Inventory
$649.86
733.72
792.64
865.60
851.80
928.90
1106.90
1233.80
1310.10
1462.20
1894.10
2093.60
2167.10
2105.10
2152.90
10.56%2.27%Prepaid Expenses (Current)
$
256.10
338.90
367.90
320.00
389.60
378.30
423.90
12.05%Other Assets (Current)
$115.26
119.98
171.75
185.20
133.20
139.80
196.80
254.30
Assets (Current)
$2181.24
2706.91
3157.57
3504.10
3850.00
3591.20
4656.00
4571.60
4211.20
5490.80
5958.20
6479.10
6835.30
6394.00
7041.70
9.99%10.13%Property, Plant & Equipment (Net)
$380.50
1133.33
1868.80
590.70
609.50
711.40
816.80
875.80
999.00
1054.60
1175.30
1204.30
1314.70
1243.50
1311.60
10.88%5.48%Accumulated Depreciation
$655.87
715.89
-803.95
849.60
900.90
1007.20
1200.10
1314.80
Goodwill & Intangibles
$1746.11
1932.74
2616.70
2692.90
3678.80
4042.60
4103.20
5309.10
5429.60
7133.70
7180.20
7927.20
7282.80
7885.90
13.44%8.28%Other Assets
$137.37
158.37
1945.61
315.50
306.00
517.30
488.50
494.30
296.20
352.30
411.20
462.60
449.20
461.20
483.30
10.38%4.79%Assets (Non-current)
$2263.99
2508.55
3010.46
3522.90
3608.40
4907.50
5347.90
5473.30
6604.30
6836.50
8720.20
8847.10
9691.10
8987.50
9680.80
12.88%7.71%Assets (Total)
$4445.23
5215.46
6168.03
7027.00
7458.40
8498.70
10003.90
10044.90
10815.50
12327.30
14678.40
15326.20
16526.40
15381.50
16722.50
11.56%8.72%Accounts Payable
$548.99
680.01
751.19
857.80
818.40
984.40
1239.50
1319.90
1240.90
1515.50
1886.80
2020.20
2061.40
1757.50
1898.90
11.66%8.05%Debt (Current)
$0.30
100.29
701.44
1.60
0.30
375.20
1.10
764.30
403.30
230.30
4.00
2.70
353.80
2.90
752.50
80.39%25848.28%Other Liabilities (Current)
$93.13
108.21
157.25
186.20
189.70
275.60
338.80
367.10
488.50
558.50
556.30
653.20
737.50
665.80
771.70
18.82%15.91%Liabilities (Current)
$642.41
888.51
1609.88
1045.60
1008.40
1635.20
1579.40
2451.30
2132.70
2304.30
2447.10
2676.10
3152.70
2426.20
3423.10
14.18%41.09%Debt (Non-current)
$1376.83
1606.20
1431.44
2672.30
2813.20
2635.50
3541.50
2806.40
3203.40
3636.20
4795.90
4575.00
3983.50
4561.00
3556.90
9.26%-22.01%Other Liabilities
$241.19
278.56
246.64
371.20
358.40
504.90
839.60
723.00
883.20
934.90
1056.30
981.00
963.70
1007.80
977.90
12.24%-2.97%Liabilities (Non-current)
$1618.02
1884.77
1678.08
3043.50
3171.60
3140.40
4381.10
3529.40
4086.60
4571.10
5852.20
5556.00
4947.20
5568.80
4534.80
9.76%-18.57%Liabilities (Total)
$2260.44
2773.28
3287.96
4089.10
4180.00
4775.60
5960.50
5980.70
6219.30
6875.40
8299.30
8232.10
8099.90
7995.00
7957.90
11.22%-0.46%Treasury Stock
$
55.00
70.80
111.10
100.00
79.80
142.80
69.70
103.80
48.92%Retained Earnings
$2102.50
2210.12
2424.37
2453.50
2804.40
3122.70
2941.50
3028.70
3348.40
3705.40
4278.90
4979.40
5921.10
5121.30
6163.50
9.01%20.35%AOCI
$-120.06
-117.00
-54.95
-205.80
-349.50
-469.00
-201.00
-390.20
-430.90
-278.10
-286.50
-535.00
-533.60
-492.60
-602.90
-22.39%Shareholder's Equity
$2184.79
2442.18
2880.07
2937.90
3278.40
3723.10
4043.40
4064.20
4596.20
5451.90
6360.10
7073.50
8395.80
7365.60
8733.70
11.87%18.57%Liabilities & Equity
$4445.23
5215.46
6168.03
7027.00
7458.40
8498.70
10003.90
10044.90
10815.50
12327.30
14678.40
15326.20
16526.40
15381.50
16722.50
11.56%8.72%Net Income/Loss
$528.84
559.51
638.75
715.20
772.30
832.60
660.70
1216.90
1164.00
1213.30
442.70
552.00
24.69%Depreciation & Amortization
$119.44
121.78
136.48
168.10
171.60
217.00
226.80
299.70
312.10
308.10
395.60
392.90
406.40
96.30
103.80
10.74%7.79%Increase/Decrease in Working Capital
$98.33
16.37
-112.32
11.50
-59.90
-25.50
-20.70
447.50
66.30
30.70
505.20
219.90
-142.00
4.60
8.10
76.09%Share-based Compensation
$28.68
31.41
36.07
41.40
44.20
47.60
49.70
55.60
63.00
70.50
83.00
89.50
99.00
21.70
23.80
10.88%9.68%Adjustments to Reconcile Net Income
$36.37
115.17
130.30
165.70
260.80
245.00
483.50
-104.20
338.30
378.70
-56.20
257.80
583.20
89.70
47.50
26.02%-47.05%Net Cash (Operating)
$565.21
674.68
769.05
880.90
1030.50
1077.60
1144.20
1112.70
1502.30
1592.00
1540.10
2174.60
2528.70
532.40
599.50
13.30%12.60%Capital Expenditure
$194.93
375.79
-330.17
721.70
363.20
1488.80
488.00
464.50
1225.00
314.50
2582.10
666.40
1339.20
210.10
93.80
17.42%-55.35%Net Cash (Investing)
$-430.88
-493.60
-693.31
-781.90
-27.30
-1612.70
-380.20
-441.80
-1228.80
-333.50
-1887.50
-731.10
-1393.70
-256.60
-17.00
93.37%Increase/Decrease in Debt
$571.30
329.49
1661.77
540.00
153.60
183.20
528.40
11.90
58.30
151.40
635.80
-163.80
-293.40
-390.60
-1.10
99.72%Increase/Decrease in Equity
$674.32
384.34
327.48
-550.50
-248.90
-328.80
-439.10
-810.10
-370.50
-264.30
-382.50
-545.60
-192.90
-94.90
-43.40
54.27%Interest Expenses
$40.49
48.59
60.39
67.40
64.10
68.50
84.30
94.20
116.60
104.80
111.90
123.70
129.20
34.90
32.80
10.15%-6.02%Dividends Paid
$-10.28
-70.12
-96.77
101.90
159.30
172.70
205.00
253.70
279.50
297.60
346.70
477.40
500.60
124.90
131.70
5.44%Net Cash (Financing)
$-151.15
-13.08
108.59
14.10
-180.10
-133.50
-140.10
-1070.10
-648.40
-516.60
-145.20
-1196.70
-1012.40
-265.40
-176.20
33.61%Cash Taxes Paid
$144.18
189.68
176.80
209.60
250.70
246.80
325.20
393.20
408.30
337.30
445.60
477.70
560.40
116.10
130.10
11.98%12.06%Effect of Exchange Rate
$6.02
7.77
11.66
-31.00
-54.80
-34.00
60.60
-40.60
-13.20
68.90
-12.30
-70.80
-20.70
7.60
-24.20
-418.42%Increase/Decrease in Cash
$-10.80
175.76
195.99
82.10
768.30
-702.60
684.50
-439.80
-388.10
810.80
-504.90
176.00
101.90
18.00
382.10
2022.78%Cash (Beginning)
$525.89
515.09
690.85
886.80
968.90
1737.20
1034.60
1719.10
1279.30
891.20
1702.00
1197.10
1373.10
1373.10
1475.00
8.33%7.42%Cash (Ending)
$515.09
690.85
886.84
968.90
1737.20
1034.60
1719.10
1279.30
891.20
1702.00
1197.10
1373.10
1475.00
1391.10
1857.10
9.16%33.50%NOPAT
$554.61
595.07
676.60
811.62
841.64
944.54
1084.32
1269.32
1177.25
1276.40
1633.54
2085.18
1975.28
469.01
550.36
11.17%17.35%Gross Margin %
31.57%
31.30%
31.44%
31.69%
31.96%
32.45%
32.95%
32.37%
31.80%
30.98%
31.28%
31.91%
32.53%
31.72%
33.44%
Operating Margin %
19.08%
19.30%
19.43%
19.35%
19.84%
19.17%
20.36%
20.57%
19.69%
19.05%
19.35%
20.48%
20.39%
19.90%
21.03%
NOPAT Margin %
14.08%
13.86%
14.66%
15.18%
15.11%
15.03%
15.47%
15.48%
14.31%
14.84%
15.02%
16.52%
15.73%
15.77%
16.90%
Net Margin %
13.31%
12.94%
13.78%
13.27%
13.71%
13.09%
9.28%
14.69%
14.04%
13.99%
14.63%
15.07%
15.36%
14.77%
16.85%
Tax Rate %
26.22%
28.16%
24.56%
21.55%
23.81%
21.63%
24.05%
24.75%
27.29%
22.09%
22.40%
19.36%
22.83%
20.74%
19.63%
ROA
12.48%
11.41%
10.97%
11.55%
11.28%
11.11%
10.84%
12.64%
10.88%
10.35%
11.13%
13.61%
11.95%
3.05%
3.29%
ROE
25.39%
24.37%
23.49%
27.63%
25.67%
25.37%
26.82%
31.23%
25.61%
23.41%
25.68%
29.48%
23.53%
6.37%
6.30%
ROIC
16.59%
13.51%
20.54%
16.98%
17.17%
15.30%
15.81%
17.34%
13.16%
13.72%
13.67%
16.89%
14.92%
4.03%
4.47%
Asset Turnover
0.89
0.82
0.75
0.76
0.75
0.74
0.70
0.82
0.76
0.70
0.74
0.82
0.76
0.19
0.19
Inventory Turnover
4.15
4.02
3.99
4.22
4.45
4.57
4.25
4.50
4.28
4.06
3.95
4.11
3.91
0.96
1.01
Equity Multiplier
2.03
2.14
2.14
2.39
2.28
2.28
2.47
2.47
2.35
2.26
2.31
2.17
1.97
2.09
1.91
Current Ratio
3.40
3.05
1.96
3.35
3.82
2.20
2.95
1.86
1.97
2.38
2.43
2.42
2.17
2.64
2.06
Quick Ratio
2.20
2.09
1.36
2.35
2.84
1.54
2.12
1.26
1.24
1.60
1.51
1.52
1.36
1.61
1.30
Debt/Equity Ratio
0.63
0.70
0.74
0.91
0.86
0.81
0.88
0.88
0.78
0.71
0.75
0.65
0.52
0.62
0.49
Interest Coverage Ratio
18.56
17.05
14.85
15.35
17.23
17.59
16.93
17.91
13.89
15.63
18.81
20.90
19.81
16.95
20.88
Working Capital/Sales
0.31
0.31
0.31
0.29
0.29
0.28
0.28
0.29
0.32
0.33
0.33
0.31
0.32
1.04
0.96
Dividend Payout Ratio %
-1.85%
-11.78%
-14.30%
12.56%
18.93%
18.28%
18.91%
19.99%
23.74%
23.32%
21.22%
22.89%
25.34%
26.63%
23.93%
Total Payout
$-1215.41
-735.36
-2025.64
179.80
318.70
386.80
200.00
1146.10
708.30
515.30
205.30
1310.50
1116.10
645.30
209.00
-67.61%Payout Ratio %
-219.15%
-123.58%
-299.39%
22.15%
37.87%
40.95%
18.44%
90.29%
60.17%
40.37%
12.57%
62.85%
56.50%
137.59%
37.98%