Amphenol(APH)2023-02-07 16:00Sales and Market Segments - Sales into the automotive market represented approximately 21% of the Company's net sales in 2022[22]. - Sales into the industrial market represented approximately 25% of the Company's net sales in 2022[24]. - Sales into the IT and datacom market represented approximately 21% of the Company's net sales in 2022[26]. - Sales to distributors represented approximately 18% of the Company's net sales in 2022[35]. Acquisitions and Investments - The Company invested approximately 1.5 billion in 2021 for seven acquisitions[21]. - The Company aims to enhance its market position through strategic investments in new technologies and product development across its segments[314]. Manufacturing and Operations - The Company has established low-cost manufacturing and assembly facilities around the world to take advantage of lower manufacturing costs[21]. - The Company has established manufacturing facilities in approximately 40 countries, enhancing proximity to customers and reducing production and logistics costs[37]. - The Company maintains a global manufacturing strategy to mitigate supply chain constraints and maximize operating profitability[38]. Environmental and Social Responsibility - Approximately half of the Company's facilities are certified to environmental or occupational health and safety management systems, including ISO14001 and ISO45001[36]. - The Company publishes an annual sustainability report to highlight its goals and progress in environmental, social, and governance matters[55]. - The company actively supports local communities through various outreach programs, including school supply drives and support for refugees[64]. - The company emphasizes a culture of diversity, equity, and inclusion, with local management fostering this culture across its global operations[61]. Financial Performance - Net income from continuing operations for 2022 was 1,580.1 million in 2021, representing a growth of 21.3%[301]. - Total comprehensive income attributable to Amphenol Corporation for 2022 was 1,582.4 million in 2021, an increase of 4.5%[301]. - Cash and cash equivalents increased to 1,197.1 million in December 2021, reflecting a growth of 14.7%[304]. - Total assets as of December 2022 were 14,678.4 million in December 2021, indicating a growth of 4.4%[306]. - Total liabilities decreased to 8,299.3 million in December 2021, a reduction of 0.8%[306]. Debt and Interest Rates - As of December 31, 2022, approximately 4,575.0 million as of December 31, 2022, a decrease from 550.6 million, up from 164.1 million, up from 323.6 million, 260.7 million for the years 2022, 2021, and 2020, respectively[365]. Risk Management - The company is exposed to market risks from foreign currency exchange rates and changes in interest rates, with no significant concentration with any one counterparty[286]. - The Company does not enter into derivative financial instruments for trading or speculative purposes, and as of December 31, 2022, there was no significant concentration of exposure with any one counterparty[374]. Stock and Compensation - Stock-based compensation expense for the year was 224.2 million, with a weighted average expected amortization period of 3.36 years[429].