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Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment and Geographic Information |
Schedule of reportable segment | Sales, by reportable segment by geographic area, are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(thousands) |  | 2024 |  | 2023 |  | 2022
Sales: |  | ​ |  |  | ​ |  |  | ​ |
Components: |  | ​ |  |  | ​ |  |  | ​ |
Americas | ​ | $ | 6,411,701 | ​ | $ | 7,954,713 | ​ | $ | 9,592,547
EMEA | ​ |  | 5,648,107 | ​ |  | 8,074,894 | ​ | ​ | 7,627,974
Asia/Pacific | ​ |  | 7,923,459 | ​ |  | 9,390,292 | ​ | ​ | 11,567,482
Global components | ​ | $ | 19,983,267 | ​ | $ | 25,419,899 | ​ | $ | 28,788,003
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ECS: | ​ |  |  | ​ |  |  | ​ | ​ |
Americas | ​ | $ | 4,067,160 | ​ | $ | 4,160,298 | ​ | $ | 4,847,027
EMEA | ​ |  | 3,872,897 | ​ |  | 3,526,923 | ​ | ​ | 3,489,392
Global ECS | ​ | $ | 7,940,057 | ​ | $ | 7,687,221 | ​ | $ | 8,336,419
Consolidated | ​ | $ | 27,923,324 | ​ | $ | 33,107,120 | ​ | $ | 37,124,422
​ Sales by country are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(thousands) |  | 2024 |  | 2023 |  | 2022
Sales: |  | ​ |  |  | ​ |  |  | ​ |
China and Hong Kong | ​ | $ | 4,033,744 | ​ | $ | 4,858,871 | ​ | $ | 6,339,883
Germany | ​ |  | 3,007,517 | ​ |  | 4,341,837 | ​ |  | 4,715,806
Other | ​ |  | 11,114,613 | ​ |  | 12,737,852 | ​ |  | 12,901,063
Total foreign | ​ | $ | 18,155,874 | ​ | $ | 21,938,560 | ​ | $ | 23,956,752
United States | ​ |  | 9,767,450 | ​ |  | 11,168,560 | ​ |  | 13,167,670
Total | ​ | $ | 27,923,324 | ​ | $ | 33,107,120 | ​ | $ | 37,124,422
Schedule of results of operations by reportable segment | Results of operations by reportable segment are as follows for the years ended December 31:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2024 | ​
(thousands) | ​ | Global Components | ​ | Global ECS | ​ | Corporate | ​ | Consolidated | ​
Sales | ​ | $ | 19,983,267 | ​ | $ | 7,940,057 | ​ | $ | - | ​ | $ | 27,923,324 | ​
Cost of sales | ​ | ​ | 17,650,909 | ​ | ​ | 6,980,007 | ​ | ​ | - | ​ | ​ | 24,630,916 | ​
Gross profit | ​ | ​ | 2,332,358 | ​ | ​ | 960,050 | ​ | ​ | - | ​ | ​ | 3,292,408 | ​
Gross profit margin | ​ | ​ | 11.7 | % | ​ | 12.1 | % | ​ | - | ​ | ​ | 11.8 | %
Operating expenses (a) | ​ | ​ | 1,591,085 | ​ | ​ | 549,975 | ​ | ​ | 382,791 | ​ | ​ | 2,523,851 | ​
Operating income (loss) (b) (c) (d) | ​ | $ | 741,273 | ​ | $ | 410,075 | ​ | $ | (382,791) | ​ | $ | 768,557 | ​
Operating income margin | ​ | ​ | 3.7 | % | ​ | 5.2 | % | ​ | - | ​ | ​ | 2.8 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2023 | ​
(thousands) | ​ | Global Components | ​ | Global ECS | ​ | Corporate | ​ | Consolidated | ​
Sales | ​ | $ | 25,419,899 | ​ | $ | 7,687,221 | ​ | $ | - | ​ | $ | 33,107,120 | ​
Cost of sales | ​ | ​ | 22,220,779 | ​ | ​ | 6,737,323 | ​ | ​ | - | ​ | ​ | 28,958,102 | ​
Gross profit | ​ | ​ | 3,199,120 | ​ | ​ | 949,898 | ​ | ​ | - | ​ | ​ | 4,149,018 | ​
Gross profit margin | ​ | ​ | 12.6 | % | ​ | 12.4 | % | ​ | - | ​ | ​ | 12.5 | %
Operating expenses (a) | ​ | ​ | 1,739,954 | ​ | ​ | 582,894 | ​ | ​ | 355,006 | ​ | ​ | 2,677,854 | ​
Operating income (loss) (b) (c) (d) | ​ | $ | 1,459,166 | ​ | $ | 367,004 | ​ | $ | (355,006) | ​ | $ | 1,471,164 | ​
Operating income margin | ​ | ​ | 5.7 | % | ​ | 4.8 | % | ​ | - | ​ | ​ | 4.4 | %
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 | ​
(thousands) | ​ | Global Components | ​ | Global ECS | ​ | Corporate | ​ | Consolidated | ​
Sales | ​ | $ | 28,788,003 | ​ | $ | 8,336,419 | ​ | $ | - | ​ | $ | 37,124,422 | ​
Cost of sales | ​ | ​ | 24,883,076 | ​ | ​ | 7,404,721 | ​ | ​ | - | ​ | ​ | 32,287,797 | ​
Gross profit | ​ | ​ | 3,904,927 | ​ | ​ | 931,698 | ​ | ​ | - | ​ | ​ | 4,836,625 | ​
Gross profit margin | ​ | ​ | 13.6 | % | ​ | 11.2 | % | ​ | - | ​ | ​ | 13.0 | %
Operating expenses (a) | ​ | ​ | 1,943,802 | ​ | ​ | 523,179 | ​ | ​ | 301,150 | ​ | ​ | 2,768,131 | ​
Operating income (loss) (d) | ​ | $ | 1,961,125 | ​ | $ | 408,519 | ​ | $ | (301,150) | ​ | $ | 2,068,494 | ​
Operating income margin | ​ | ​ | 6.8 | % | ​ | 4.9 | % | ​ | - | ​ | ​ | 5.6 | %
​
(a) | Segment operating expenses include employee related expenses, depreciation and amortization, allowance for credit losses, and other segment expenses.
(b) | Global components operating income includes charges of $60.6 million in inventory write downs related to the wind down of businesses in 2024. Global components operating income includes $62.2 million in settlement benefits recorded as a reduction to operating expense for 2023. Refer to Note 15.
(c) | In 2023, global ECS operating income includes charges of $25.4 million to increase the allowance for credit losses related to one customer. During 2024, global ECS operating income includes a reversal of charges of $20.0 million for aged receivables that were collected, related to the same customer.
(d) | Corporate operating loss for the years 2024, 2023, and 2022 includes restructuring, integration, and other charges of $142.9 million, $83.9 million, and $13.7 million, respectively. Refer to Note 9.
Schedule of reconciliation of assets from segment to consolidated | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(thousands) |  | 2024 |  | 2023
Total assets: |  | ​ |  |  | ​ |
Global components | ​ | $ | 14,765,931 | ​ | $ | 15,129,190
Global ECS | ​ |  | 6,518,723 | ​ |  | 6,051,459
Corporate | ​ |  | 473,053 | ​ |  | 545,519
Consolidated | ​ | $ | 21,757,707 | ​ | $ | 21,726,168
Schedule of long-lived assets by geographical areas | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(thousands) |  | 2024 |  | 2023
Long-lived assets: |  | ​ |  |  | ​ |
Netherlands | ​ | $ | 78,120 | ​ | $ | 89,199
France | ​ | ​ | 86,268 | ​ | ​ | 87,861
Other | ​ |  | 223,903 | ​ |  | 258,264
Total foreign | ​ | $ | 388,291 | ​ | $ | 435,324
United States | ​ |  | 332,098 | ​ |  | 364,940
Total | ​ | $ | 720,389 | ​ | $ | 800,264
​

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