| | | |
Price to Public(1)
|
| |
Underwriting
Discount |
| |
Proceeds to us
(before expenses) |
| |||||||||
|
Per note
|
| | | | 99.838% | | | | | | 0.350% | | | | | | 99.488% | | |
|
Total
|
| | | € | 499,190,000 | | | | | € | 1,750,000 | | | | | € | 497,440,000 | | |
| | Barclays | | |
Citigroup
|
| |
Commerzbank
|
| |
HSBC
|
|
| |
BofA Securities
|
| |
Goldman Sachs & Co. LLC
|
| |
TD Securities
|
|
| |
Loop Capital Markets
|
| |
Siebert Williams Shank
|
|
| | | |
Page
|
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| | | | | S-iii | | | |
| | | | | S-vi | | | |
| | | | | S-vii | | | |
| | | | | S-vii | | | |
| | | | | S-1 | | | |
| | | | | S-10 | | | |
| | | | | S-17 | | | |
| | | | | S-18 | | | |
| | | | | S-20 | | | |
| | | | | S-32 | | | |
| | | | | S-36 | | | |
| | | | | S-41 | | | |
| | | | | S-45 | | | |
| | | | | S-47 | | | |
| | | | | S-51 | | | |
| | | | | S-57 | | | |
| | | | | S-57 | | | |
| | | | | S-58 | | | |
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| | | |
Year Ended December 31,
|
| |||||||||||||||
|
(in millions)
|
| |
2025
|
| |
2024
|
| |
2023
|
| |||||||||
| Statements of Income Data: | | | | | | | | | | | | | | | | | | | |
|
Net sales
|
| | | $ | 23,094.7 | | | | | $ | 15,222.7 | | | | | $ | 12,554.7 | | |
|
Cost of sales
|
| | | | 14,577.0 | | | | | | 10,083.0 | | | | | | 8,470.6 | | |
|
Selling, general and administrative expenses
|
| | | | 2,545.7 | | | | | | 1,855.4 | | | | | | 1,489.9 | | |
|
Operating income
|
| | | | 5,868.6 | | | | | | 3,156.9 | | | | | | 2,559.6 | | |
|
Net income attributable to APH
|
| | | | 4,270.3 | | | | | | 2,424.0 | | | | | | 1,928.0 | | |
| Non-GAAP Data: | | | | | | | | | | | | | | | | | | | |
|
Adjusted operating income(a)
|
| | | | 6,049.8 | | | | | | 3,302.5 | | | | | | 2,594.2 | | |
|
Adjusted net income attributable to APH(a)
|
| | | | 4,272.5 | | | | | | 2,382.1 | | | | | | 1,870.4 | | |
| Statements of Cash Flow and Other Data: | | | | | | | | | | | | | | | | | | | |
|
Net cash provided by operating activities
|
| | | | 5,374.7 | | | | | | 2,814.7 | | | | | | 2,528.7 | | |
|
Net cash used in investing activities
|
| | | | (5,082.1) | | | | | | (2,648.6) | | | | | | (1,393.7) | | |
|
Net cash provided by (used in) financing activities
|
| | | | 7,423.2 | | | | | | 1,729.9 | | | | | | (1,012.4) | | |
|
Capital expenditures
|
| | | | (996.6) | | | | | | (665.4) | | | | | | (372.8) | | |
| | | |
As of December 31,
|
| |||||||||||||||
|
(in millions)
|
| |
2025
|
| |
2024
|
| |
2023
|
| |||||||||
| Balance Sheet Data: | | | | | | | | | | | | | | | | | | | |
|
Cash and cash equivalents
|
| | | $ | 11,130.6 | | | | | $ | 3,317.0 | | | | | $ | 1,475.0 | | |
|
Short-term investments
|
| | | | 303.6 | | | | | | 18.4 | | | | | | 185.2 | | |
|
Working capital(b)
|
| | | | 13,464.4 | | | | | | 5,602.2 | | | | | | 3,682.6 | | |
|
Total assets
|
| | | | 36,236.9 | | | | | | 21,440.2 | | | | | | 16,526.4 | | |
|
Total debt(c)
|
| | | | 15,502.0 | | | | | | 6,886.1 | | | | | | 4,337.3 | | |
|
Total equity
|
| | | | 13,500.4 | | | | | | 9,847.4 | | | | | | 8,395.8 | | |
| | | |
Year Ended December 31,
|
| |||||||||||||||||||||||||||||||||
| | | |
2025
|
| |
2024
|
| |
2023
|
| |||||||||||||||||||||||||||
|
(in millions)
|
| |
Operating
Income |
| |
Net Income
attributable to APH |
| |
Operating
Income |
| |
Net Income
attributable to APH |
| |
Operating
Income |
| |
Net Income
attributable to APH |
| ||||||||||||||||||
|
Reported (GAAP)
|
| | | $ | 5,868.6 | | | | | $ | 4,270.3 | | | | | $ | 3,156.9 | | | | | $ | 2,424.0 | | | | | $ | 2,559.6 | | | | | $ | 1,928.0 | | |
|
Amortization of acquisition-related inventory step-up costs
|
| | | | 77.8 | | | | | | 59.6 | | | | | | 18.2 | | | | | | 14.0 | | | | | | — | | | | | | — | | |
|
Acquisition-related expenses
|
| | | | 103.4 | | | | | | 89.2 | | | | | | 127.4 | | | | | | 105.3 | | | | | | 34.6 | | | | | | 30.2 | | |
|
Gain on bargain purchase acquisition
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (5.4) | | |
|
Excess tax benefits related to stock-based compensation
|
| | | | — | | | | | | (246.6) | | | | | | — | | | | | | (142.6) | | | | | | — | | | | | | (82.4) | | |
|
Discrete tax items
|
| | | | — | | | | | | 100.0 | | | | | | — | | | | | | (18.6) | | | | | | — | | | | | | — | | |
|
Adjusted (non-GAAP)(1)
|
| | | $ | 6,049.8 | | | | | $ | 4,272.5 | | | | | $ | 3,302.5 | | | | | $ | 2,382.1 | | | | | $ | 2,594.2 | | | | | $ | 1,870.4 | | |
| | | |
As of December 31, 2025
|
| |||||||||
|
(In millions)
|
| |
Historical
|
| |
Pro Forma As
Adjusted |
| ||||||
|
Cash and cash equivalents
|
| | | $ | 11,130.6 | | | | | $ | 14,194.3 | | |
| Indebtedness: | | | | | | | | | | | | | |
| Short-term borrowings including obligations under capital leases: | | | | | | | | | | | | | |
|
4.750% Senior Notes due 2026
|
| | | | 349.9 | | | | | | 349.9 | | |
|
0.750% Senior Notes due 2026 of Amphenol Technologies Holding
GmbH(a) |
| | | | 586.5 | | | | | | — | | |
|
364-day delayed draw term loan
|
| | | | — | | | | | | 1,534.1 | | |
|
Other
|
| | | | 1.3 | | | | | | 1.3 | | |
|
Short-term deferred debt issuance costs
|
| | | | (0.5) | | | | | | (0.2) | | |
|
Total short-term borrowings
|
| | | $ | 937.2 | | | | | $ | 1,885.1 | | |
| Long-term debt including obligations under capital lease: | | | | | | | | | | | | | |
|
Revolving credit facility
|
| | | $ | — | | | | | $ | — | | |
|
Three-year delayed draw term loan
|
| | | | — | | | | | | 1,534.1 | | |
|
U.S. Commercial Paper Program
|
| | | | — | | | | | | — | | |
|
Euro Commercial Paper Program issued by Amphenol Technologies Holding
GmbH |
| | | | — | | | | | | — | | |
|
5.050% Senior Notes due 2027
|
| | | | 701.2 | | | | | | 701.2 | | |
|
Floating Rate Senior Notes due 2027
|
| | | | 500.0 | | | | | | 500.0 | | |
|
3.800% Senior Notes due 2027
|
| | | | 749.5 | | | | | | 749.5 | | |
|
4.375% Senior Notes due 2028
|
| | | | 749.5 | | | | | | 749.5 | | |
|
3.900% Senior Notes due 2028
|
| | | | 749.2 | | | | | | 749.2 | | |
|
5.050% Senior Notes due 2029
|
| | | | 449.7 | | | | | | 449.7 | | |
|
4.350% Senior Notes due 2029
|
| | | | 499.8 | | | | | | 499.8 | | |
|
2.800% Senior Notes due 2030
|
| | | | 899.7 | | | | | | 899.7 | | |
|
4.125% Senior Notes due 2030
|
| | | | 999.0 | | | | | | 999.0 | | |
|
2.200% Senior Notes due 2031
|
| | | | 748.4 | | | | | | 748.4 | | |
|
3.125% Euro Senior Notes due 2032(a)
|
| | | | 699.1 | | | | | | 699.1 | | |
|
4.400% Senior Notes due 2033
|
| | | | 1,248.5 | | | | | | 1,248.5 | | |
|
5.250% Senior Notes due 2034
|
| | | | 599.5 | | | | | | 599.5 | | |
|
5.000% Senior Notes due 2035
|
| | | | 746.7 | | | | | | 746.7 | | |
|
4.625% Senior Notes due 2036
|
| | | | 1,598.3 | | | | | | 1,598.3 | | |
|
5.375% Senior Notes due 2054
|
| | | | 492.5 | | | | | | 492.5 | | |
| | | |
As of December 31, 2025
|
| |||||||||
|
(In millions)
|
| |
Historical
|
| |
Pro Forma As
Adjusted |
| ||||||
|
5.300% Senior Notes due 2055
|
| | | | 1,647.3 | | | | | | 1,647.3 | | |
|
2.000% Euro Senior Notes due 2028 of Amphenol Technologies Holding GmbH(a)
|
| | | | 585.8 | | | | | | 585.8 | | |
|
3.625% Euro Senior Notes due 2031 of Amphenol Technologies Holding GmbH offered hereby(a)
|
| | | | — | | | | | | 585.7 | | |
|
Other
|
| | | | 0.5 | | | | | | 0.5 | | |
|
Long-term deferred debt issuance costs
|
| | | | (99.4) | | | | | | (103.0) | | |
|
Total long-term debt
|
| | | $ | 14,564.8 | | | | | $ | 16,681.0 | | |
|
Total indebtedness
|
| | | $ | 15,502.0 | | | | | $ | 18,566.1 | | |
|
Total equity
|
| | | $ | 13,500.4 | | | | | $ | 13,500.4 | | |
|
Total capitalization
|
| | | $ | 29,002.4 | | | | | $ | 32,066.5 | | |
| | |||||||||||||
|
Underwriters
|
| |
Principal
Amount of Notes |
| |||
|
Barclays Bank PLC
|
| | | € | 95,000,000 | | |
|
Citigroup Global Markets Europe AG
|
| | | € | 95,000,000 | | |
|
Commerzbank Aktiengesellschaft
|
| | | € | 95,000,000 | | |
|
HSBC Bank plc
|
| | | € | 95,000,000 | | |
|
BofA Securities Europe SA
|
| | | € | 30,000,000 | | |
|
Goldman Sachs & Co. LLC
|
| | | € | 30,000,000 | | |
|
TD Global Finance unlimited company
|
| | | € | 30,000,000 | | |
|
U.S. Bancorp Investments, Inc.
|
| | | € | 17,500,000 | | |
|
Loop Capital Markets LLC
|
| | | € | 6,250,000 | | |
|
Siebert Williams Shank & Co., LLC
|
| | | € | 6,250,000 | | |
| Total | | | | € | 500,000,000 | | |
| | | |
Paid by the Issuer
|
| |||
|
Per note
|
| | | | 0.350% | | |
|
Total
|
| | | € | 1,750,000 | | |
|
Name
|
| |
Business Address
|
| |
Principal Occupation
|
|
| Craig A. Lampo | | |
August-Häußer-Str. 10, 74080 Heilbronn, Germany
|
| |
Business Executive
|
|
| Lance D’Amico | | |
August-Häußer-Str. 10, 74080 Heilbronn, Germany
|
| |
Business Executive
|
|
| Günther Josef Spielbauer | | |
August-Häußer-Str. 10, 74080 Heilbronn, Germany
|
| |
Business Executive
|
|
| | | |
Page
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| |
BofA Securities
|
| |
Goldman Sachs & Co. LLC
|
| |
TD Securities
|
|