Amphenol Corporation (APH) financial statements: income statement, balance sheet and cash flow

Amphenol Corporation's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Amphenol Corporation reported revenue of $23.1B (+51.7% year on year) and net income of $4.3B (+76.3% year on year).

Income statement

Amphenol Corporation income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net sales	$23.1B	$15.2B	$12.6B	$12.6B
Cost of sales	$14.6B	$10.1B	$8.5B	$8.6B
Gross profit	$8.5B	$5.1B	$4.1B	$4.0B
Acquisition-related expenses	$103.4M	$127.4M	$34.6M	$21.5M
Selling, general and administrative expenses	$2.5B	$1.9B	$1.5B	$1.4B
Operating income	$5.9B	$3.2B	$2.6B	$2.6B
Interest expense	($367.8M)	($217.0M)	($139.5M)	($128.4M)
Gain on bargain purchase acquisition	$0	$0	$5.4M	—
Other income (expense), net	$99.9M	$72.0M	$29.3M	$10.0M
Income before income taxes	$5.6B	$3.0B	$2.5B	$2.5B
Provision for income taxes	($1.3B)	($570.3M)	($509.3M)	($550.6M)
Net income	$4.3B	$2.4B	—	—
Less: Net income attributable to noncontrolling interests	($35.0M)	($17.6M)	—	—
Net income attributable to Amphenol Corporation	$4.3B	$2.4B	$1.9B	$1.9B
Net income attributable to Amphenol Corporation per common share - Basic (in dollars per share)	$3.51	$2.01	$3.23	$3.19
Weighted average common shares outstanding - Basic (in shares)	1.2B	1.2B	596.5M	596.2M
Net income attributable to Amphenol Corporation per common share - Diluted (in dollars per share)	$3.34	$1.92	$3.11	$3.06
Weighted average common shares outstanding - Diluted (in shares)	1.3B	1.3B	620.6M	621.0M
Dividends declared per common share	$0.74	$0.55	$0.85	$0.81

Amphenol Corporation income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Net sales	$8.8B	$7.6B	$6.2B	$5.7B
Cost of sales	$5.2B	$4.8B	$3.8B	$3.6B
Gross profit	$3.5B	$2.8B	$2.4B	$2.1B
Acquisition-related expenses	$23.5M	$116.9M	$0	$12.0M
Selling, general and administrative expenses	$939.9M	$851.5M	$657.0M	$622.5M
Operating income	$2.6B	$1.8B	$1.7B	$1.4B
Interest expense	($213.7M)	($207.9M)	($80.7M)	($80.9M)
Other income (expense), net	$17.5M	$21.8M	$19.3M	$10.2M
Income before income taxes	$2.4B	$1.6B	$1.6B	$1.3B
Provision for income taxes	($604.3M)	($702.4M)	($385.8M)	($247.3M)
Net income	$1.8B	$943.3M	$1.3B	$1.1B
Less: Net income attributable to noncontrolling interests	($14.9M)	($10.3M)	($9.4M)	($9.5M)
Net income attributable to Amphenol Corporation	$1.8B	$933.0M	$1.2B	$1.1B
Net income attributable to Amphenol Corporation per common share - Basic (in dollars per share)	$1.44	$0.76	$1.02	$0.90
Weighted average common shares outstanding - Basic (in shares)	1.2B	1.2B	1.2B	1.2B
Net income attributable to Amphenol Corporation per common share - Diluted (in dollars per share)	$1.37	$0.72	$0.97	$0.86
Weighted average common shares outstanding - Diluted (in shares)	1.3B	1.3B	1.3B	1.3B

Balance sheet

Amphenol Corporation balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$11.1B	$3.3B	$1.5B	$1.4B
Short-term investments	$303.6M	$18.4M	$185.2M	$61.1M
Total cash, cash equivalents and short-term investments	$11.4B	$3.3B	$1.7B	$1.4B
Accounts receivable, less allowance for doubtful accounts of $99.3 and $66.5, respectively	$4.7B	$3.3B	$2.6B	$2.6B
Inventories	$3.4B	$2.5B	$2.2B	$2.1B
Prepaid expenses and other current assets	$691.0M	$517.0M	$389.6M	$320.0M
Total current assets	$20.3B	$9.7B	$6.8B	$6.5B
Property, plant and equipment, net	$2.3B	$1.7B	$1.3B	$1.2B
Goodwill	$10.6B	$8.2B	$7.1B	$6.4B
Other intangible assets, net	$2.2B	$1.2B	$834.8M	$734.1M
Other long-term assets	$847.3M	$581.1M	$449.2M	$462.6M
Total Assets	$36.2B	$21.4B	$16.5B	$15.3B
Accounts payable	$2.7B	$1.8B	$1.4B	$1.3B
Accrued salaries, wages and employee benefits	$767.7M	$529.8M	$412.8M	$416.7M
Accrued income taxes	$482.9M	$199.0M	$166.0M	$169.5M
Accrued dividends	$306.7M	$199.5M	$131.7M	$124.9M
Other accrued expenses	$1.6B	$934.4M	$737.5M	$653.2M
Current portion of long-term debt	$937.2M	$401.7M	$353.8M	$2.7M
Total current liabilities	$6.8B	$4.1B	$3.2B	$2.7B
Long-term debt, less current portion	$14.6B	$6.5B	$4.0B	$4.6B
Accrued pension and postretirement benefit obligations	$138.2M	$129.8M	$143.0M	$127.9M
Deferred income taxes	$432.9M	$376.7M	$367.0M	$409.8M
Other long-term liabilities	$788.5M	$509.4M	$453.7M	$443.3M
Total Liabilities	$22.7B	$11.6B	$8.1B	$8.2B
Redeemable noncontrolling interests	$9.3M	$8.7M	$30.7M	$20.6M
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	1.2M	1.2M	600.0K	600.0K
Additional paid-in capital	$4.2B	$3.6B	$3.1B	$2.7B
Retained earnings	$9.9B	$7.1B	$5.9B	$5.0B
Treasury stock, at cost; 2.4 shares and 3.6 shares as of December 31, 2025 and 2024, respectively	-195.8M	-199.7M	-142.8M	-79.8M
Accumulated other comprehensive loss	($479.5M)	($716.3M)	($533.6M)	($535.0M)
Total stockholders' equity attributable to Amphenol Corporation	$13.4B	$9.8B	$8.3B	$7.0B
Noncontrolling interests	$87.3M	$55.4M	$49.3M	$57.9M
Total Equity	$13.5B	$9.8B	$8.4B	$7.1B
Total Liabilities, Redeemable Noncontrolling Interests and Equity	$36.2B	$21.4B	$16.5B	$15.3B

Amphenol Corporation balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$4.7B	$4.1B	$3.8B	$3.2B
Short-term investments	$689.7M	$455.1M	$88.8M	$19.4M
Total cash, cash equivalents and short-term investments	$5.4B	$4.6B	$3.9B	$3.2B
Accounts receivable, less allowance for doubtful accounts of $98.1 and $99.3, respectively	$6.8B	$5.9B	$4.5B	$4.3B
Inventories	$4.6B	$4.1B	$3.3B	$3.1B
Prepaid expenses and other current assets	$1.1B	$840.9M	$651.9M	$664.1M
Total current assets	$17.8B	$15.4B	$12.4B	$11.3B
Property, plant and equipment, less accumulated depreciation of $3,473.3 and $3,096.0, respectively	$2.9B	$2.7B	$2.1B	$2.1B
Goodwill	$17.6B	$17.5B	$9.9B	$9.7B
Other intangible assets, net	$5.3B	$5.4B	$2.0B	$2.0B
Other long-term assets	$1.2B	$1.1B	$766.7M	$675.3M
Total Assets	$44.8B	$42.1B	$27.1B	$25.7B
Accounts payable	$4.0B	$3.2B	$2.5B	$2.4B
Accrued salaries, wages and employee benefits	$874.8M	$675.5M	$688.6M	$603.4M
Accrued income taxes	$351.0M	$656.9M	$252.9M	$192.8M
Accrued dividends	$308.0M	$307.4M	$201.9M	$201.2M
Other accrued expenses	$2.3B	$2.0B	$1.4B	$1.3B
Current portion of long-term debt	$1.6B	$2.1B	$937.6M	$936.6M
Total current liabilities	$9.4B	$9.0B	$6.0B	$5.6B
Long-term debt, less current portion	$17.2B	$16.6B	$7.1B	$7.1B
Accrued pension and postretirement benefit obligations	$158.9M	$153.6M	$150.2M	$148.6M
Deferred income taxes	$1.4B	$1.3B	$377.6M	$368.6M
Other long-term liabilities	$1.0B	$1.0B	$894.9M	$821.5M
Total Liabilities	$29.2B	$28.0B	$14.5B	$14.1B
Redeemable noncontrolling interests	$9.0M	$9.1M	$10.2M	$10.1M
Common stock	$1.2M	$1.2M	$1.2M	$1.2M
Additional paid-in capital	$4.5B	$4.3B	$4.1B	$4.0B
Retained earnings	$11.6B	$10.4B	$9.2B	$8.1B
Treasury stock, at cost	($256.0M)	($310.0M)	($220.9M)	($104.9M)
Accumulated other comprehensive loss	($404.2M)	($493.9M)	($507.7M)	($469.9M)
Total stockholders' equity attributable to Amphenol Corporation	$15.5B	$14.0B	$12.5B	$11.5B
Noncontrolling interests	$121.5M	$105.6M	$76.4M	$70.3M
Total Equity	$15.6B	$14.1B	$12.6B	$11.6B
Total Liabilities, Redeemable Noncontrolling Interests and Equity	$44.8B	$42.1B	$27.1B	$25.7B

Cash flow statement

Amphenol Corporation cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$4.3B	$2.4B	—	—
Depreciation and amortization	$922.4M	$572.5M	$406.4M	$392.9M
Stock-based compensation expense	$135.4M	$109.5M	$99.0M	$89.5M
Deferred income tax benefit	($65.6M)	($82.8M)	($58.8M)	($4.7M)
Gain on bargain purchase acquisition	$0	$0	($5.4M)	—
Accounts receivable, net	($964.4M)	($586.8M)	$146.4M	($273.1M)
Inventories	($487.4M)	($200.1M)	$71.4M	($278.5M)
Prepaid expenses and other current assets	($150.7M)	($106.8M)	($34.1M)	$49.7M
Accounts payable	$554.1M	$423.1M	($34.6M)	$62.5M
Accrued income taxes	$276.9M	$3.1M	$7.7M	$77.6M
Other accrued liabilities	$739.2M	$257.0M	($7.0M)	$168.7M
Accrued pension and postretirement benefits	$100.0K	($2.4M)	($300.0K)	($400.0K)
Other long-term assets and liabilities	$109.4M	($13.2M)	($7.5M)	($26.4M)
Net cash provided by operating activities	$5.4B	$2.8B	$2.5B	$2.2B
Capital expenditures	($996.6M)	($665.4M)	($372.8M)	($383.8M)
Proceeds from disposals of property, plant and equipment	$14.8M	$7.8M	$4.0M	$5.6M
Purchases of investments	($309.3M)	($26.2M)	($305.7M)	($309.4M)
Sales and maturities of investments	$27.6M	$189.7M	$246.3M	$228.2M
Acquisitions, net of cash acquired	($3.8B)	($2.2B)	($970.4M)	($288.2M)
Other, net	$0	$1.9M	$4.9M	$16.5M
Net cash used in investing activities	($5.1B)	($2.6B)	($1.4B)	($731.1M)
Proceeds from issuance of senior notes and other long-term debt	$8.9B	$3.0B	$354.9M	$5.8M
Repayments of senior notes and other long-term debt	($401.7M)	($364.4M)	($15.7M)	($10.3M)
Borrowings (repayments) under commercial paper programs, net	$0	$0	($632.6M)	($159.3M)
Borrowings under commercial paper programs, net	$0	$0	—	—
Payment of costs related to debt financing	($89.1M)	($28.4M)	($2.3M)	($400.0K)
Payment of deferred purchase price related to acquisitions	$0	$0	($1.5M)	$0
Purchase of treasury stock	($665.2M)	($689.3M)	($585.1M)	($730.5M)
Proceeds from exercise of stock options	$553.0M	$447.4M	$394.5M	$185.3M
Distributions to and purchases of noncontrolling interests	($5.8M)	($33.0M)	($24.0M)	($9.9M)
Dividend payments	($802.2M)	($595.1M)	($500.6M)	($477.4M)
Treasury lock settlement	($88.0M)	—	—	—
Other, net	$500.0K	$1.4M	—	—
Net cash provided by (used in) financing activities	$7.4B	$1.7B	($1.0B)	($1.2B)
Effect of exchange rate changes on cash and cash equivalents	$97.8M	($54.0M)	($20.7M)	($70.8M)
Net increase in cash and cash equivalents	$7.8B	$1.8B	$101.9M	$176.0M
Cash and cash equivalents balance, beginning of year	$3.3B	$1.5B	$1.4B	$1.2B
Cash and cash equivalents balance, end of year	$11.1B	$3.3B	$1.5B	$1.4B
Interest	$288.1M	$179.5M	$129.2M	$123.7M
Income taxes, net	$1.1B	$650.0M	$560.4M	$477.7M

Amphenol Corporation cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$2.7B	$943.3M	$3.1B	$1.8B
Depreciation and amortization	$827.2M	$485.8M	$673.4M	$445.7M
Stock-based compensation expense	$79.6M	$34.2M	$94.8M	$57.9M
Deferred income tax provision (benefit)	$279.9M	$165.6M	($40.5M)	($35.4M)
Net change in components of working capital	($1.2B)	($499.8M)	($435.2M)	($374.3M)
Net change in other long-term assets and liabilities	($59.1M)	($7.6M)	$259.9M	$242.8M
Net cash provided by operating activities	$2.7B	$1.1B	$3.7B	$2.2B
Capital expenditures	($647.1M)	($291.6M)	($742.9M)	($485.7M)
Proceeds from disposals of property, plant and equipment	$5.1M	$1.3M	$7.6M	$5.7M
Purchases of investments	($701.0M)	($232.6M)	($87.4M)	($12.6M)
Sales and maturities of investments	$325.4M	$83.9M	$16.3M	$11.6M
Acquisitions, net of cash acquired	($10.7B)	($10.6B)	($2.8B)	($2.5B)
Other, net	($2.0M)	$0	$0	$0
Net cash used in investing activities	($11.7B)	($11.0B)	($3.6B)	($3.0B)
Proceeds from issuance of senior notes and other long-term debt	$4.9B	$3.6B	$1.4B	$1.4B
Repayments of senior notes and other long-term debt	($1.5B)	($350.7M)	($401.3M)	($400.9M)
Borrowings (repayments) under commercial paper programs, net	$0	$0	$0	$0
Payment of costs related to debt financing	($11.7M)	($3.4M)	($29.1M)	($9.1M)
Borrowings under commercial paper programs, net	$0	$0	$0	$0
Purchase of treasury stock	($386.0M)	($178.0M)	($493.9M)	($341.0M)
Proceeds from exercise of stock options	$200.6M	$95.9M	$445.4M	$333.8M
Distributions to and purchases of noncontrolling interests	($600.0K)	—	($5.5M)	($1.9M)
Dividend payments	($614.0M)	($306.7M)	($600.3M)	($399.1M)
Other, net	$5.4M	($3.9M)	$700.0K	$500.0K
Net cash provided by financing activities	$2.6B	$2.9B	$346.0M	$612.3M
Effect of exchange rate changes on cash and cash equivalents	$38.5M	$8.4M	$62.4M	$60.2M
Net decrease in cash and cash equivalents	($6.4B)	($7.0B)	$482.3M	($110.0M)
Cash and cash equivalents balance, beginning of period	$11.1B	$11.1B	$3.3B	$3.3B
Cash and cash equivalents balance, end of period	$4.7B	$4.1B	$3.8B	$3.2B
Interest	$375.8M	$120.1M	$188.8M	$139.3M
Income taxes, net	$1.2B	$347.7M	$827.4M	$502.4M

Amphenol Corporation score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.