AMPHENOL CORP /DE/

Listed Company

APHCIK 0000820313NYSELarge AcceleratedElectronic ConnectorsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$23.09B

Net Income

$4.27B

Total Assets

$36.24B

Equity

$13.41B

Shares Out

1.23B

Op. Cash Flow

$5.37B

Business

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and coaxial, high‑speed and specialty cable. It offers ruggedized connectors and interconnect systems, cable assemblies and harnesses, printed circuit boards, antennas, a broad range of sensors and sensor‑based products, and other value‑add interconnect components and assemblies. The Company operates through three reportable segments: Harsh Environment Solutions, Communications Solutions and Interconnect and Sensor Systems. Amphenol sells globally to OEMs, EMS/ODMs and service providers through its direct sales force, independent representatives and a network of distributors.

Summary from filing dated 2025-02-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	23,095	15,223	12,555	12,623	10,876
Cost of sales	14,577	10,083	8,471	8,595	7,475
Gross profit	8,518	5,140	4,084	4,028	3,402
Acquisition-related expenses	103	127	35	22	—
Selling, general and administrative expenses	2,546	1,855	1,490	1,421	1,226
Operating income	5,869	3,157	2,560	2,586	2,105
Interest expense	−368	−217	−140	−128	—
Gain on bargain purchase acquisition	0	0	5	0	0
Other income (expense), net	100	72	29	10	−400,000
Income before income taxes	5,601	3,012	2,455	2,467	1,989
Provision for income taxes	−1,295	−570	−509	−551	−409
Net income	4,305	2,442	1,946	1,917	—
Less: Net income attributable to noncontrolling interests	−35	−18	−18	−15	—
Net income attributable to Amphenol Corporation	4,270	2,424	1,928	1,902	1,591
Net income attributable to Amphenol Corporation per common share - Basic (in dollars per share)	3.51	2.01	1.62	1.6	2.66
Weighted average common shares outstanding - Basic (in shares)	1,218	1,204	1,193	1,192	598
Net income attributable to Amphenol Corporation per common share - Diluted (in dollars per share)	3.34	1.92	1.55	1.53	2.54
Weighted average common shares outstanding - Diluted (in shares)	1,278	1,264	1,241	1,242	626
Dividends declared per common share	0.75	0.55	0.43	0.41	0.64

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	11,131	3,317	1,475	1,373	1,197
Short-term investments	304	18	185	61	44
Total cash, cash equivalents and short-term investments	11,434	3,335	1,660	1,434	1,241
Accounts receivable, less allowance for doubtful accounts of $99.3 and $66.5, respectively	4,717	3,288	2,618	2,631	2,455
Inventories	3,425	2,546	2,167	2,094	1,894
Prepaid expenses and other current assets	691	517	390	320	368
Total current assets	20,267	9,686	6,835	6,479	5,958
Property, plant and equipment, net	2,306	1,712	1,315	1,204	1,175
Goodwill	10,575	8,236	7,092	6,446	6,377
Other intangible assets, net	2,241	1,225	835	734	757
Other long-term assets	847	581	449	463	411
Total Assets	36,237	21,440	16,526	15,326	14,678
Accounts payable	2,662	1,819	1,351	1,309	1,312
Accrued salaries, wages and employee benefits	768	530	413	417	366
Accrued income taxes	483	199	166	170	89
Accrued dividends	307	200	132	125	120
Other accrued expenses	1,646	934	738	653	556
Current portion of long-term debt	937	402	354	3	4
Total current liabilities	6,803	4,084	3,153	2,676	2,447
Long-term debt, less current portion	14,565	6,484	3,984	4,575	4,796
Accrued pension and postretirement benefit obligations	138	130	143	128	193
Deferred income taxes	433	377	367	410	424
Other long-term liabilities	789	509	454	443	439
Total Liabilities	22,727	11,584	8,100	8,232	8,299
Commitments and contingent liabilities (Note 14)	—	—	—	—	—
Redeemable noncontrolling interests	9	9	31	21	19
Class A Common Stock, $0.001 par value, 5,000.0 shares authorized; 1,228.9 shares issued and 1,226.6 shares outstanding at December 31, 2025; 1,212.9 shares issued and 1,209.3 shares outstanding at December 31, 2024	1	1	1	600,000	600,000
Additional paid-in capital	4,233	3,602	3,101	2,650	2,409
Retained earnings	9,854	7,105	5,921	4,979	4,279
Treasury stock, at cost; 2.4 shares and 3.6 shares as of December 31, 2025 and 2024, respectively	−196	−200	−143	−80	−100
Accumulated other comprehensive loss	−480	−716	−534	−535	−287
Total stockholders' equity attributable to Amphenol Corporation	13,413	9,792	8,347	7,016	6,302
Noncontrolling interests	87	55	49	58	58
Total Equity	13,500	9,847	8,396	7,074	6,360
Total Liabilities, Redeemable Noncontrolling Interests and Equity	36,237	21,440	16,526	15,326	14,678

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	922	573	406	393	396
Stock-based compensation expense	135	110	99	90	83
Deferred income tax benefit	−66	−83	−59	−5	−30
Accounts receivable, net	−964	−587	146	−273	−398
Inventories	−487	−200	71	−279	−263
Prepaid expenses and other current assets	−151	−107	−34	50	−20
Accounts payable	554	423	−35	63	132
Accrued income taxes	277	3	8	78	−7
Other accrued liabilities	739	257	−7	169	60
Accrued pension and postretirement benefits	100,000	−2	−300,000	−400,000	6
Other long-term assets and liabilities	109	−13	−8	−26	−15
Net cash provided by operating activities	5,375	2,815	2,529	2,175	1,540
Capital expenditures	−997	−665	−373	−384	−360
Proceeds from disposals of property, plant and equipment	15	8	4	6	4
Purchases of investments	−309	−26	−306	−309	−165
Sales and maturities of investments	28	190	246	228	156
Acquisitions, net of cash acquired	−3,819	−2,156	−970	−288	−2,225
Other, net	0	2	5	17	−14
Net cash used in investing activities	−5,082	−2,649	−1,394	−731	−1,888
Proceeds from issuance of senior notes and other long-term debt	8,922	2,991	355	6	752
Repayments of senior notes and other long-term debt	−402	−364	−16	−10	−913
Borrowings (repayments) under commercial paper programs, net	0	0	−633	−159	796
Payment of costs related to debt financing	−89	−28	−2	−400,000	−9
Payment of deferred purchase price related to acquisitions	0	0	−2	0	−4
Purchase of treasury stock	−665	−689	−585	−731	−662
Proceeds from exercise of stock options	553	447	395	185	289
Distributions to and purchases of noncontrolling interests	−6	−33	−24	−10	−19
Dividend payments	−802	−595	−501	−477	−347
Treasury lock settlement	−88	0	0	—	—
Other, net	500,000	1	0	0	—
Net cash provided by (used in) financing activities	7,423	1,730	−1,012	−1,197	−145
Effect of exchange rate changes on cash and cash equivalents	98	−54	−21	−71	−12
Net increase in cash and cash equivalents	7,814	1,842	102	176	−505
Interest	288	180	129	124	112
Income taxes, net	1,084	650	560	478	446

Filings

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