Selected Financial Data
since 2005
Income Statement
Amphenol Corp., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Net sales | Operating income | Net income attributable to Amphenol Corporation |
|---|---|---|---|
| Dec 31, 2023 | 12,554,700) | 2,559,600) | 1,928,000) |
| Dec 31, 2022 | 12,623,000) | 2,585,800) | 1,902,300) |
| Dec 31, 2021 | 10,876,300) | 2,105,100) | 1,590,800) |
| Dec 31, 2020 | 8,598,900) | 1,638,400) | 1,203,400) |
| Dec 31, 2019 | 8,225,400) | 1,619,200) | 1,155,000) |
| Dec 31, 2018 | 8,202,000) | 1,686,900) | 1,205,000) |
| Dec 31, 2017 | 7,011,300) | 1,427,600) | 650,500) |
| Dec 31, 2016 | 6,286,400) | 1,205,200) | 822,900) |
| Dec 31, 2015 | 5,568,700) | 1,104,700) | 763,500) |
| Dec 31, 2014 | 5,345,500) | 1,034,600) | 709,100) |
| Dec 31, 2013 | 4,614,669) | 896,813) | 635,672) |
| Dec 31, 2012 | 4,292,065) | 828,345) | 555,317) |
| Dec 31, 2011 | 3,939,786) | 751,678) | 524,191) |
| Dec 31, 2010 | 3,554,101) | 700,357) | 496,405) |
| Dec 31, 2009 | 2,820,065) | 488,913) | 317,834) |
| Dec 31, 2008 | 3,236,471) | 632,239) | 419,151) |
| Dec 31, 2007 | 2,851,041) | 552,858) | 353,194) |
| Dec 31, 2006 | 2,471,430) | 424,592) | 255,691) |
| Dec 31, 2005 | 1,808,147) | 343,327) | 206,339) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The analysis of the financial data over the observed period reveals several key trends concerning net sales, operating income, and net income attributable to Amphenol Corporation.
- Net Sales
- There is a consistent upward trend in net sales from 2005 through 2023, with some fluctuations. Net sales increased from approximately 1.81 billion US dollars in 2005 to a peak exceeding 12.6 billion in 2022, followed by a slight decrease in 2023 to about 12.55 billion. Notable growth periods include the steady increase from 2006 to 2008 and a strong expansion from 2015 onward. The decline in 2009 from 3.24 billion to 2.82 billion suggests an impact possibly related to broader economic conditions. The overall pattern indicates robust sales growth highlighting increasing market demand or effective sales strategies over the long term.
- Operating Income
- Operating income similarly demonstrates a general upward trajectory throughout the period. Starting at around 343 million US dollars in 2005, operating income rose to a high of approximately 2.59 billion in 2022, with a slight reduction to about 2.56 billion in 2023. The data shows a dip in 2009, consistent with the decline in net sales, indicating challenges faced during that year. From 2010 onwards, operating income grew steadily, reflecting improved operational efficiency or increased profitability from higher sales volumes. The resilience in operating margins despite fluctuations in sales suggests strong management of operating expenses.
- Net Income Attributable to Amphenol Corporation
- The net income attributable to the company exhibits an overall positive trend with an increase from approximately 206 million US dollars in 2005 to nearly 1.93 billion in 2023. There is a significant increase observed in the later years, especially from 2017 when net income jumped notably from 650 million to 1.2 billion in 2018 and maintained high levels subsequently. This substantial growth may indicate improved profitability, tax efficiency, or other favorable financial dynamics. The dip in 2017 deserves attention, as it contrasts with the overall growth trend and may indicate a one-off expense or operational challenge.
In summary, the financial data reveal strong growth in sales, operating income, and net income over the years, punctuated by a noticeable setback in 2009 likely due to external economic factors, and an unusual decline in net income in 2017. The general trend indicates enhanced profitability and increasing scale of operations, reflecting positively on the company's financial health and operational effectiveness over the long term.
Balance Sheet: Assets
Amphenol Corp., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2023 | 6,835,300) | 16,526,400) |
| Dec 31, 2022 | 6,479,100) | 15,326,200) |
| Dec 31, 2021 | 5,958,200) | 14,678,400) |
| Dec 31, 2020 | 5,490,800) | 12,327,300) |
| Dec 31, 2019 | 4,211,200) | 10,815,500) |
| Dec 31, 2018 | 4,571,600) | 10,044,900) |
| Dec 31, 2017 | 4,656,000) | 10,003,900) |
| Dec 31, 2016 | 3,591,200) | 8,498,700) |
| Dec 31, 2015 | 3,850,000) | 7,458,400) |
| Dec 31, 2014 | 3,504,100) | 7,027,000) |
| Dec 31, 2013 | 3,157,567) | 6,168,028) |
| Dec 31, 2012 | 2,706,915) | 5,215,463) |
| Dec 31, 2011 | 2,181,237) | 4,445,225) |
| Dec 31, 2010 | 1,992,130) | 4,015,857) |
| Dec 31, 2009 | 1,420,395) | 3,219,184) |
| Dec 31, 2008 | 1,335,864) | 2,994,159) |
| Dec 31, 2007 | 1,223,808) | 2,675,733) |
| Dec 31, 2006 | 934,605) | 2,195,397) |
| Dec 31, 2005 | 709,814) | 1,932,540) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The analysis highlights notable growth trends and fluctuations in the company's asset base over the observed period from 2005 to 2023.
- Current Assets
- Current assets exhibited a persistent upward trajectory, increasing from approximately $710 million at the end of 2005 to nearly $6.84 billion by the end of 2023. This represents nearly a tenfold increase over the 18-year span, reflecting a significant enhancement in liquidity or short-term asset holdings.
- The growth pattern includes occasional deceleration or slight contractions; for example, between 2014 and 2016, current assets decreased from $3.85 billion to $3.59 billion before resuming growth in subsequent years. Despite these minor setbacks, the overall trend remains strongly positive.
- Notable growth spurts were observable particularly during the years 2009 to 2011 and then again from 2015 onward, with substantial increments year-over-year, suggesting periods of strategic asset accumulation or operational expansion.
- Total Assets
- Total assets also demonstrated robust growth, rising from about $1.93 billion in 2005 to $16.53 billion in 2023. This represents an approximate 8.6-fold increase across the period, indicating sustained asset acquisition and potentially robust capital investments or expansions.
- The progression of total assets mirrors that of current assets in its general growth pattern, although the absolute values are significantly higher, illustrating the presence of considerable long-term assets in the company's balance sheet.
- Fluctuations are relatively minor, with consistent yearly growth seen throughout most of the period. The most accelerated growth appears between 2014 and 2021, where assets increased by more than 80%, denoting possible major expansion initiatives or acquisitions.
- From 2021 to 2023, growth continues but at a potentially slower pace compared to the previous six years, possibly reflecting stabilization or a strategic shift in asset management.
Overall, both current and total assets expanded substantially over the period, signaling growth in operational scale and enhanced asset base. The company's ability to increase current assets proportionally alongside total assets suggests improved liquidity management concurrent with overall expansion efforts.
Balance Sheet: Liabilities and Stockholders’ Equity
Amphenol Corp., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total liabilities | Long-term debt, including current portion | Stockholders’ equity attributable to Amphenol Corporation | |
|---|---|---|---|---|
| Dec 31, 2023 | 3,152,700) | 8,099,900) | 4,337,300) | 8,346,500) |
| Dec 31, 2022 | 2,676,100) | 8,232,100) | 4,577,700) | 7,015,600) |
| Dec 31, 2021 | 2,447,100) | 8,299,300) | 4,799,900) | 6,302,000) |
| Dec 31, 2020 | 2,304,300) | 6,875,400) | 3,866,500) | 5,384,900) |
| Dec 31, 2019 | 2,132,700) | —) | 3,606,700) | 4,530,300) |
| Dec 31, 2018 | 2,451,300) | —) | 3,570,700) | 4,017,000) |
| Dec 31, 2017 | 1,579,400) | —) | 3,542,600) | 3,989,800) |
| Dec 31, 2016 | 1,635,200) | —) | 3,010,700) | 3,674,900) |
| Dec 31, 2015 | 1,008,400) | —) | 2,813,500) | 3,238,500) |
| Dec 31, 2014 | 1,045,600) | —) | 2,673,900) | 2,907,400) |
| Dec 31, 2013 | 1,609,878) | —) | 2,132,874) | 2,859,509) |
| Dec 31, 2012 | 888,514) | —) | 1,706,497) | 2,429,959) |
| Dec 31, 2011 | 642,415) | —) | 1,377,129) | 2,171,769) |
| Dec 31, 2010 | 654,990) | —) | 799,992) | 2,320,855) |
| Dec 31, 2009 | 503,159) | —) | 753,449) | 1,746,077) |
| Dec 31, 2008 | 634,832) | —) | 786,459) | 1,349,425) |
| Dec 31, 2007 | 520,481) | —) | 722,636) | 1,264,914) |
| Dec 31, 2006 | 447,659) | —) | 680,414) | 902,994) |
| Dec 31, 2005 | 335,930) | —) | 781,000) | 689,235) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Over the observed periods, current liabilities demonstrated considerable variability, with a general upward trend. Initially, current liabilities fluctuated between approximately 336 million and 889 million US dollars from 2005 through 2012. After 2012, current liabilities increased more sharply, reaching over 3.15 billion US dollars by the end of 2023, indicating expanding short-term obligations.
Total liabilities data is only available from 2020 onwards. Within this timeframe, total liabilities moderately escalated from 6.88 billion US dollars in 2020 to a peak of about 8.30 billion in 2021, before slightly decreasing to around 8.10 billion by 2023, suggesting relative stability in overall liabilities during recent years.
Long-term debt, inclusive of the current portion, exhibited a steady increase from 781 million US dollars in 2005, reaching approximately 4.80 billion in 2021. Subsequently, it declined to about 4.34 billion by the end of 2023. This trend reflects significant borrowing growth over the long term with some deleveraging or repayment occurring in the last two years.
Stockholders’ equity attributable to the corporation showed consistent growth throughout the period. Starting at roughly 689 million US dollars in 2005, equity increased steadily year-over-year, reaching about 8.35 billion US dollars in 2023. This continuous increase indicates sustained profitability and/or retained earnings growth, contributing to stronger capital positions.
In summary, the company has expanded its short-term liabilities significantly post-2012, while maintaining stable total liabilities in recent years. The long-term debt increased substantially over the long term, with signs of reduction in the last two years. Concurrently, equity has grown robustly, suggesting overall financial strengthening despite increasing liabilities.
- Current liabilities
- Growth trend from 335.9 million in 2005 to 3.15 billion in 2023, with fluctuations before 2012 and sharp rise afterward.
- Total liabilities
- Data from 2020 shows total liabilities rising to 8.3 billion in 2021, then slightly declining to 8.1 billion by 2023, indicating relative stability recently.
- Long-term debt
- Increased from 781 million in 2005 to a peak near 4.8 billion in 2021, then decreased to 4.34 billion by 2023, reflecting borrowing growth and some recent reduction.
- Stockholders’ equity
- Consistent, strong growth from 689 million in 2005 to 8.35 billion in 2023, indicating enhanced capital strength.
Cash Flow Statement
Amphenol Corp., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by operating activities | Net cash used in investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Dec 31, 2023 | 2,528,700) | (1,393,700) | (1,012,400) |
| Dec 31, 2022 | 2,174,600) | (731,100) | (1,196,700) |
| Dec 31, 2021 | 1,523,900) | (2,604,400) | (145,100) |
| Dec 31, 2020 | 1,592,000) | (333,500) | (516,600) |
| Dec 31, 2019 | 1,502,300) | (1,228,800) | (648,400) |
| Dec 31, 2018 | 1,112,700) | (441,800) | (1,070,100) |
| Dec 31, 2017 | 1,144,200) | (380,200) | (140,100) |
| Dec 31, 2016 | 1,077,600) | (1,612,700) | (133,500) |
| Dec 31, 2015 | 1,030,500) | (27,300) | (180,100) |
| Dec 31, 2014 | 880,900) | (781,900) | 14,100) |
| Dec 31, 2013 | 769,050) | (693,314) | 108,589) |
| Dec 31, 2012 | 674,679) | (493,599) | (13,084) |
| Dec 31, 2011 | 565,207) | (430,884) | (151,148) |
| Dec 31, 2010 | 424,893) | (348,225) | 64,721) |
| Dec 31, 2009 | 582,297) | (373,190) | (34,322) |
| Dec 31, 2008 | 481,523) | (246,085) | (193,940) |
| Dec 31, 2007 | 387,899) | (279,078) | (4,441) |
| Dec 31, 2006 | 289,597) | (98,973) | (155,158) |
| Dec 31, 2005 | 229,624) | (569,428) | 348,301) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The analysis of the cash flow trends over the period reveals significant variations in operating, investing, and financing activities.
- Net cash provided by operating activities
- This item shows a generally upward trajectory from 2005 through 2023, indicating strong and improving operational cash generation. Starting at approximately $229.6 million in 2005, operating cash inflows increased steadily, with occasional fluctuations, reaching a peak of around $2.53 billion by 2023. Notable accelerations occurred around 2008-2009 and post-2015, demonstrating enhanced operational efficiency or increased business activity during these periods.
- Net cash used in investing activities
- The cash flow related to investing activities consistently shows negative values, reflecting ongoing investments in capital expenditures or acquisitions. The magnitude of cash outflows varies markedly, with peaks and troughs reflecting strategic shifts. Notably, significant spikes in investment outflows occurred in 2005, 2016, 2019, and 2021, with a large injection of cash outflow exceeding $2.6 billion in 2021. Periods such as 2015 and 2010 showed relatively lower investing cash use, suggesting cyclicality or completion of major investment projects.
- Net cash provided by (used in) financing activities
- Financing cash flows exhibit a volatile pattern. Initial years showed a positive influx, reaching $348 million in 2005, followed by a trend towards negative financing cash flows from 2006 onward. Periods of positive financing inflows were isolated, such as in 2009 and 2013, suggesting occasional debt or equity financing activity. However, from 2014 to 2023, financing activities predominantly show cash outflows, which might imply repayment of debt, share repurchases, or dividend distributions. The largest outflows appear in 2018 and 2022, exceeding $1 billion in magnitude, highlighting a significant returning of capital to investors or debt reduction measures during these years.
Per Share Data
Amphenol Corp., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2023 | 3.23 | 3.11 | 0.85 |
| Dec 31, 2022 | 3.19 | 3.06 | 0.81 |
| Dec 31, 2021 | 2.66 | 2.54 | 0.64 |
| Dec 31, 2020 | 2.02 | 1.96 | 0.52 |
| Dec 31, 2019 | 1.94 | 1.88 | 0.48 |
| Dec 31, 2018 | 2.00 | 1.93 | 0.44 |
| Dec 31, 2017 | 1.07 | 1.03 | 0.35 |
| Dec 31, 2016 | 1.34 | 1.31 | 0.29 |
| Dec 31, 2015 | 1.24 | 1.21 | 0.27 |
| Dec 31, 2014 | 1.13 | 1.11 | 0.23 |
| Dec 31, 2013 | 1.00 | 0.98 | 0.16 |
| Dec 31, 2012 | 0.86 | 0.85 | 0.11 |
| Dec 31, 2011 | 0.78 | 0.77 | 0.02 |
| Dec 31, 2010 | 0.72 | 0.71 | 0.02 |
| Dec 31, 2009 | 0.47 | 0.46 | 0.02 |
| Dec 31, 2008 | 0.60 | 0.59 | 0.02 |
| Dec 31, 2007 | 0.50 | 0.49 | 0.02 |
| Dec 31, 2006 | 0.36 | 0.35 | 0.02 |
| Dec 31, 2005 | 0.30 | 0.29 | 0.02 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
The financial data over the observed period demonstrate several important trends in earnings and dividend performance.
- Earnings per Share
- Both basic and diluted earnings per share exhibit a general upward trajectory from 2005 to 2023. Basic earnings per share increased from $0.30 in 2005 to $3.23 in 2023, showing consistent growth with minor fluctuations. Diluted earnings per share follow a similar pattern, rising from $0.29 to $3.11 over the same period. Notably, there was a significant jump between 2017 and 2018, where the basic EPS rose from $1.07 to $2.00, indicating a notable improvement in profitability or operational efficiency during this period. The subsequent years also maintained this increasing trend, affirming sustained earnings growth.
- Dividend per Share
- Dividend per share remained relatively flat at $0.02 from 2005 through 2011, before increasing markedly to $0.11 in 2012. From that point, dividends steadily increased year over year, reaching $0.85 by 2023. This rise suggests a strategic shift towards enhancing shareholder returns through dividend payments, aligned with the improved earnings performance. The movement from a stable low dividend to a consistent growth in dividends after 2011 reflects confidence in ongoing cash flow generation and profitability.
Overall, the data indicate a strong and sustained growth in earnings per share accompanied by a progressive dividend policy, reflecting positively on the company’s financial health and shareholder value proposition over the reported years.