Financial Highlights

IN THOUSANDS EXCEPT PER SHARE DATA

For the year ended 2007(a)(d) 2006(b)(d) 2005(c)

Sales $15,984,992 $13,577,112 $11,164,196
Operating income 686,905 606,225 480,258
Net income 407,792 388,331 253,609
Net income per share:      
   Basic 3.31 3.19 2.15
   Diluted 3.28 3.16 2.09
At year-end      

Total assets $8,059,860 $6,669,572 $6,044,917
Shareholders’ equity 3,551,860 2,996,559 2,372,886
Common shares outstanding 122,827 122,245 119,803
(a) 

Operating income and net income include restructuring and integration charges of $11.7 million ($7.0 million net of related taxes or $.06 per share on both a basic and diluted basis) and an income tax benefit of $6.0 million, net ($.05 per share on both a basic and diluted basis), principally due to a reduction in deferred income taxes as a result of the statutory rate change in Germany in 2007.

(b) 

Operating income and net income include restructuring and integration charges of $11.8 million ($9.0 million net of related taxes or $.07 per share on both a basic and diluted basis), a charge related to a pre-acquisition warranty claim of $2.8 million ($1.9 million net of related taxes or $.02 per share on both a basic and diluted basis), and a charge related to pre-acquisition environmental matters arising out of the company’s purchase of Wyle of $1.4 million ($.9 million net of related taxes or $.01 per share on both a basic and diluted basis). Net income also includes a loss on prepayment of debt of $2.6 million ($1.6 million net of related taxes or $.01 per share on both a basic and diluted basis) and the reduction of the provision for income taxes of $46.2 million ($.38 per share on both a basic and diluted basis) and the reduction of interest expense of $6.9 million ($4.2 million net of related taxes or $.03 per share on both a basic and diluted basis) related to the settlement of certain income tax matters.

(c) 

Operating income and net income include restructuring and integration charges of $12.7 million ($7.3 million net of related taxes or $.06 and $.05 per share on a basic and diluted basis, respectively) and an acquisition indemnification credit of $1.7 million ($1.3 million net of related taxes or $.01 per share on a basic basis). Net income also includes a loss on prepayment of debt of $4.3 million ($2.6 million net of related taxes or $.02 and $.01 per share on a basic and diluted basis, respectively) and a loss of $3.0 million ($.03 per share on both a basic and diluted basis) on the write-down of an investment.

(d) 

Operating income and net income include stock option expense of $11.2 million ($7.0 million net of related taxes or $.06 per share on both a basic and diluted basis) and $13.0 million ($8.5 million net of related taxes or $.07 per share on both a basic and diluted basis) for 2007 and 2006, respectively, resulting from the company’s adoption of Financial Accounting Standards Board Statement No. 123 (revised 2004), “Share-Based Payment,” and the Securities and Exchange Commission Staff Accounting Bulletin No. 107.

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