Amphenol Corp 10-Q for FY2021 Q2

Amphenol Corp /De/ (APH)

10-Q 2021-07-30 For: 2021-06-30

Added on April 09, 2026

About this 10-Q

Amphenol Corp filed this 10-Q on July 30, 2021, covering the quarter ended June 30, 2021 (FY2021 Q2).

Headline figures

Quarter ended June 30, 2021, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $2.65B; up 33.5% from $1.99B a year earlier
Net income: $369.8M; up 43.5% from net income of $257.7M a year earlier
Diluted EPS: $0.59; up 40.5% from $0.42 a year earlier

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☒		QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

		For the quarterly period ended June 30, 2021 OR

☐		TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


Delaware	22-2785165
(State of Incorporation)	(IRS Employer Identification No.)



Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, $0.001 par value	APH	New York Stock Exchange


Large Accelerated Filer ☒	Accelerated Filer ☐

Non-accelerated Filer ☐	Smaller Reporting Company ☐
	Emerging Growth Company ☐

		Page

Part I	Financial Information

Item 1.	Financial Statements (unaudited):

	Condensed Consolidated Balance Sheets as of June 30, 2021 and December 31, 2020	2

	Condensed Consolidated Statements of Income for the Three and Six Months Ended June 30, 2021 and 2020	3

	Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended June 30, 2021 and 2020	4

	Condensed Consolidated Statements of Cash Flow for the Six Months Ended June 30, 2021 and 2020	5

	Notes to Condensed Consolidated Financial Statements	6

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	27

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	40

Item 4.	Controls and Procedures	41

Part II	Other Information

Item 1.	Legal Proceedings	42

Item 1A.	Risk Factors	42

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	42

Item 3.	Defaults Upon Senior Securities	42

Item 4.	Mine Safety Disclosures	43

Item 5.	Other Information	43

Item 6.	Exhibits	43

Signature		46


	June 30,		December 31,
	2021		2020
ASSETS
Current Assets:
Cash and cash equivalents	$	1,209.4	$	1,702.0
Short-term investments		33.2		36.1
Total cash, cash equivalents and short-term investments		1,242.6		1,738.1
Accounts receivable, less allowance for doubtful accounts of $43.9 and $44.8, respectively		2,072.8		1,951.6
Inventories		1,771.4		1,462.2
Prepaid expenses and other current assets		372.0		338.9
Current assets held for sale		1,032.4		—
Total current assets		6,491.2		5,490.8

Property, plant and equipment, less accumulated depreciation of $1,836.0 and $1,738.6, respectively		1,169.3		1,054.6
Goodwill		5,891.7		5,032.1
Other intangible assets, net		620.8		397.5
Other long-term assets		386.1		352.3
	$	14,559.1	$	12,327.3

LIABILITIES & EQUITY
Current Liabilities:
Accounts payable	$	1,204.7	$	1,120.7
Accrued salaries, wages and employee benefits		226.4		195.4
Accrued income taxes		94.7		112.6
Accrued dividends		86.6		86.8
Other accrued expenses		634.4		558.5
Current portion of long-term debt		526.1		230.3
Current liabilities held for sale		223.6		—
Total current liabilities		2,996.5		2,304.3

Long-term debt, less current portion		4,710.2		3,636.2
Accrued pension and postretirement benefit obligations		227.1		228.6
Deferred income taxes		436.8		299.1
Other long-term liabilities		410.2		407.2

Equity:
Common stock		0.6		0.6
Additional paid-in capital		2,198.9		2,068.1
Retained earnings		3,916.4		3,705.4
Treasury stock, at cost		(100.1)		(111.1)
Accumulated other comprehensive loss		(300.3)		(278.1)
Total shareholders’ equity attributable to Amphenol Corporation		5,715.5		5,384.9

Noncontrolling interests		62.8		67.0
Total equity		5,778.3		5,451.9
	$	14,559.1	$	12,327.3


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Net sales	$	2,653.9	$	1,987.5	$	5,031.0	$	3,849.5
Cost of sales		1,810.7		1,383.7		3,460.3		2,685.9
Gross profit		843.2		603.8		1,570.7		1,163.6
Acquisition-related expenses		55.4		—		55.4		—
Selling, general and administrative expenses		311.6		246.4		574.3		489.3
Operating income		476.2		357.4		941.0		674.3

Interest expense		(29.1)		(30.2)		(57.7)		(59.0)
Other income (expense), net		—		1.3		(0.4)		2.4
Income from continuing operations before income taxes		447.1		328.5		882.9		617.7
Provision for income taxes		(78.1)		(68.0)		(182.2)		(114.0)
Net income from continuing operations		369.0		260.5		700.7		503.7
Less: Net income from continuing operations attributable to noncontrolling interests		(1.8)		(2.8)		(4.0)		(3.9)
Net income from continuing operations attributable to Amphenol Corporation		367.2		257.7		696.7		499.8
Income from discontinued operations attributable to Amphenol Corporation, net of income taxes of ($0.3)		2.6		—		2.6		—
Net income attributable to Amphenol Corporation	$	369.8	$	257.7	$	699.3	$	499.8

Net income per common share attributable to Amphenol Corporation — Basic:
Continuing operations	$	0.61	$	0.43	$	1.17	$	0.84
Discontinued operations, net of income taxes		—		—		—		—
Net income attributable to Amphenol Corporation — Basic	$	0.62	$	0.43	$	1.17	$	0.84

Weighted average common shares outstanding — Basic		597.4		593.3		597.9		594.1

Net income per common share attributable to Amphenol Corporation — Diluted:
Continuing operations	$	0.59	$	0.42	$	1.12	$	0.82
Discontinued operations, net of income taxes		—		—		—		—
Net income attributable to Amphenol Corporation — Diluted	$	0.59	$	0.42	$	1.12	$	0.82

Weighted average common shares outstanding — Diluted		623.8		608.0		623.9		610.5


	Six Months Ended June 30,
	2021		2020
Cash from operating activities:
Net income from continuing operations	$	700.7	$	503.7
Adjustments to reconcile net income from continuing operations to cash provided by operating activities from continuing operations:
Depreciation and amortization		179.3		143.6
Stock-based compensation expense		39.0		32.0
Deferred income tax provision		12.8		5.1
Net change in components of working capital		(194.9)		70.8
Net change in other long-term assets and liabilities		(4.9)		(2.8)
Net cash provided by operating activities from continuing operations		732.0		752.4
Net cash used in operating activities from discontinued operations		(23.3)		—
Net cash provided by operating activities		708.7		752.4

Cash from investing activities:
Capital expenditures		(183.3)		(128.3)
Proceeds from disposals of property, plant and equipment		1.6		1.9
Purchases of short-term investments		(82.2)		(49.1)
Sales and maturities of short-term investments		84.8		40.3
Acquisitions, net of cash acquired		(1,531.0)		(16.5)
Other		(11.2)		—
Net cash used in investing activities from continuing operations		(1,721.3)		(151.7)
Net cash used in investing activities from discontinued operations		(3.4)		—
Net cash used in investing activities		(1,724.7)		(151.7)

Cash from financing activities:
Proceeds from issuance of senior notes and other long-term debt		1.4		942.3
Repayments of senior notes and other long-term debt		(387.1)		(401.3)
Borrowings under credit facilities		—		1,567.4
Repayments under credit facilities		—		(1,568.1)
Borrowings (repayments) under commercial paper programs, net		1,401.3		(385.2)
Payment of costs related to debt financing		—		(8.7)
Payment of acquisition-related contingent consideration		—		(75.0)
Proceeds from exercise of stock options		103.3		152.5
Payment of deferred purchase price related to acquisitions		(4.1)		—
Distributions to and purchases of noncontrolling interests		(8.3)		(9.7)
Purchase of treasury stock		(320.1)		(257.2)
Dividend payments		(173.4)		(148.4)
Net cash provided by (used in) financing activities from continuing operations		613.0		(191.4)
Net cash provided by financing activities from discontinued operations		7.0		—
Net cash provided by (used in) financing activities		620.0		(191.4)

Effect of exchange rate changes on cash and cash equivalents		(9.1)		(12.2)

Net (decrease) increase in cash and cash equivalents		(405.1)		397.1
Cash and cash equivalents balance, beginning of period		1,702.0		891.2
Cash and cash equivalents balance, end of period	$	1,296.9	$	1,288.3
Less: Cash and cash equivalents included in Current assets held for sale, end of period		87.5		—
Cash and cash equivalents balance of continuing operations, end of period	$	1,209.4	$	1,288.3

Cash paid for:
Interest	$	51.0	$	47.2
Income taxes, net		209.0		141.6


	June 30, 2021				December 31, 2020
	Carrying		Approximate		Carrying		Approximate
	Amount		Fair Value		Amount		Fair Value
Revolving Credit Facility	$	—	$	—	$	—	$	—
U.S. Commercial Paper Program		1,401.0		1,401.0		—		—
Euro Commercial Paper Program		—		—		—		—
3.125% Senior Notes due September 2021		227.7		228.5		227.7		231.6
4.00% Senior Notes due February 2022		295.0		298.5		294.9		303.6
3.20% Senior Notes due April 2024		349.8		371.4		349.8		378.1
2.050% Senior Notes due March 2025		399.5		414.1		399.4		420.7
0.750% Euro Senior Notes due May 2026		590.8		611.0		608.4		633.6
2.000% Euro Senior Notes due October 2028		590.7		664.6		608.4		694.9
4.350% Senior Notes due June 2029		499.6		585.4		499.6		608.4
2.800% Senior Notes due February 2030		899.4		952.3		899.4		987.8
Other debt		7.6		7.6		6.7		6.7
Less unamortized deferred debt issuance costs		(24.8)		—		(27.8)		—
Total debt		5,236.3		5,534.4		3,866.5		4,265.4
Less current portion		526.1		530.4		230.3		234.2
Total long-term debt	$	4,710.2	$	5,004.0	$	3,636.2	$	4,031.2


	Fair Value Measurements
			Quoted Prices in		Significant		Significant
			Active Markets		Observable		Unobservable
			for Identical		Inputs		Inputs
	Total		Assets (Level 1)		(Level 2)		(Level 3)
June 30, 2021:
Short-term investments	$	33.2	$	33.2	$	—	$	—
Forward contracts		(13.9)		—		(13.9)		—
Total	$	19.3	$	33.2	$	(13.9)	$	—

December 31, 2020:
Short-term investments	$	36.1	$	36.1	$	—	$	—
Forward contracts		(2.7)		—		(2.7)		—
Total	$	33.4	$	36.1	$	(2.7)	$	—


	Amphenol Corporation Shareholders
											Accumulated
	Common Stock			Treasury Stock							Other
	Shares			Shares			Additional		Retained		Comprehensive		Noncontrolling		Total
	(in millions)	Amount		(in millions)	Amount		Paid-In Capital		Earnings		Loss		Interests		Equity

Balance as of March 31, 2021	599.2	$	0.6	(2.1)	$	(117.4)	$	2,105.7	$	3,807.1	$	(335.0)	$	60.7	$	5,521.7
Net income										369.8				1.8		371.6
Other comprehensive income (loss)												34.7		1.0		35.7
Distributions to shareholders of noncontrolling interests														(0.7)		(0.7)
Purchase of treasury stock				(2.5)		(167.3)										(167.3)
Retirement of treasury stock	(2.5)		—	2.5		167.3				(167.3)						—
Stock options exercised	2.6		—	0.3		17.3		73.2		(6.6)						83.9
Dividends declared ($0.145 per common share)										(86.6)						(86.6)
Stock-based compensation expense								20.0								20.0
Balance as of June 30, 2021	599.3	$	0.6	(1.8)	$	(100.1)	$	2,198.9	$	3,916.4	$	(300.3)	$	62.8	$	5,778.3


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Dividends declared	$	86.6	$	74.6	$	173.2	$	148.6
Dividends paid (including those declared in the prior year)		86.6		74.0		173.4		148.4


				Weighted
				Average	Aggregate
		Weighted		Remaining	Intrinsic
		Average		Contractual	Value
	Options	Exercise Price		Term (in years)	(in millions)
Options outstanding at January 1, 2021	67,985,648	$	37.58	6.79	$	1,890.4
Options granted	215,080		64.69
Options exercised	(757,598)		28.12
Options forfeited	(31,160)		42.37
Options outstanding at March 31, 2021	67,411,970		37.77	6.57		1,901.0
Options granted	7,215,100		66.62
Options exercised	(2,882,332)		29.14
Options forfeited	(46,600)		49.05
Options outstanding at June 30, 2021	71,698,138	$	41.01	6.77	$	1,964.3
Vested and non-vested options expected to vest at June 30, 2021	68,155,502	$	40.59	6.69	$	1,896.0
Exercisable options at June 30, 2021	39,792,918	$	34.52	5.52	$	1,348.6


		Weighted
		Average
		Fair Value at
	Options	Grant Date
Non-vested options at January 1, 2021	36,989,300	$	6.43
Options granted	215,080		12.11
Options vested	(91,200)		3.88
Options forfeited	(31,160)		5.77
Non-vested options at March 31, 2021	37,082,020		6.46
Options granted	7,215,100		13.29
Options vested	(12,345,300)		5.70
Options forfeited	(46,600)		7.97
Non-vested options at June 30, 2021	31,905,220	$	8.30


				Weighted Average
				Remaining
	Restricted	Fair Value at		Amortization
	Shares	Grant Date		Term (in years)
Restricted shares outstanding at January 1, 2021	26,350	$	45.55	0.38
Restricted shares granted	—		—
Restricted shares outstanding at March 31, 2021	26,350		45.55	0.13
Shares vested and issued	(27,272)		45.80
Restricted shares granted	20,146		65.96
Restricted shares outstanding at June 30, 2021	19,224	$	66.59	0.88



	June 30,		December 31,
	2021		2020
Raw materials and supplies	$	742.6	$	587.4
Work in process		509.1		410.7
Finished goods		519.7		464.1
	$	1,771.4	$	1,462.2


	Pension Benefits
Three Months Ended June 30:	2021		2020
Service cost	$	1.9	$	1.8
Interest cost		2.8		4.1
Expected return on plan assets		(7.8)		(9.3)
Amortization of prior service cost		0.5		0.6
Amortization of net actuarial losses		6.2		6.3
Net pension expense	$	3.6	$	3.5

Six Months Ended June 30:
Service cost	$	3.8	$	3.8
Interest cost		5.6		8.3
Expected return on plan assets		(15.6)		(18.6)
Amortization of prior service cost		1.0		1.1
Amortization of net actuarial losses		12.4		12.5
Net pension expense	$	7.2	$	7.1


	Interconnect		Cable
	Products and		Products and
	Assemblies		Solutions		Total
Goodwill at December 31, 2020	$	4,874.5	$	157.6	$	5,032.1
Acquisition-related		876.0		11.6		887.6
Foreign currency translation		(28.1)		0.1		(28.0)
Goodwill at June 30, 2021	$	5,722.4	$	169.3	$	5,891.7


		June 30, 2021						December 31, 2020
	Weighted	Gross				Net		Gross				Net
	Average	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Life (years)	Amount		Amortization		Amount		Amount		Amortization		Amount
Customer relationships	10	$	614.6	$	334.9	$	279.7	$	456.6	$	313.6	$	143.0
Proprietary technology	12		195.2		94.5		100.7		156.2		88.1		68.1
Backlog and other	1		65.9		65.6		0.3		49.7		49.4		0.3
Total intangible assets (definite-lived)	9		875.7		495.0		380.7		662.5		451.1		211.4

Trade names (indefinite-lived)			240.1				240.1		186.1				186.1
		$	1,115.8	$	495.0	$	620.8	$	848.6	$	451.1	$	397.5


	Three Months Ended June 30,				Six Months Ended June 30,
(dollars and shares in millions, except per share data)	2021		2020		2021		2020
Net income attributable to Amphenol Corporation shareholders:
Net income from continuing operations attributable to Amphenol Corporation	$	367.2	$	257.7	$	696.7	$	499.8
Income from discontinued operations attributable to Amphenol Corporation, net of income taxes of ($0.3)		2.6		—		2.6		—
Net income attributable to Amphenol Corporation	$	369.8	$	257.7	$	699.3	$	499.8

Weighted average common shares outstanding — Basic		597.4		593.3		597.9		594.1
Effect of dilutive stock options		26.4		14.7		26.0		16.4
Weighted average common shares outstanding — Diluted		623.8		608.0		623.9		610.5

Net income per common share attributable to Amphenol Corporation — Basic:
Continuing operations	$	0.61	$	0.43	$	1.17	$	0.84
Discontinued operations, net of income taxes		—		—		—		—
Net income attributable to Amphenol Corporation — Basic	$	0.62	$	0.43	$	1.17	$	0.84

Net income per common share attributable to Amphenol Corporation — Diluted:
Continuing operations	$	0.59	$	0.42	$	1.12	$	0.82
Discontinued operations, net of income taxes		—		—		—		—
Net income attributable to Amphenol Corporation — Diluted	$	0.59	$	0.42	$	1.12	$	0.82


	Interconnect Products				Cable Products
	and Assemblies				and Solutions				Corporate / Other⁽¹⁾				Total Consolidated
Three Months Ended June 30:	2021		2020		2021		2020		2021		2020		2021		2020
Net sales:
External	$	2,541.3	$	1,898.5	$	112.6	$	89.0	$	—	$	—	$	2,653.9	$	1,987.5
Intersegment		27.0		12.5		14.1		8.9		—		—		41.1		21.4
Segment operating income		559.7		379.5		6.9		8.4						566.6		387.9

Six Months Ended June 30:
Net sales:
External	$	4,821.4	$	3,677.5	$	209.6	$	172.0	$	—	$	—	$	5,031.0	$	3,849.5
Intersegment		44.8		21.0		25.9		17.7		—		—		70.7		38.7
Segment operating income		1,049.0		719.2		15.4		14.8						1,064.4		734.0


	Interconnect Products				Cable Products				Total Reportable
	and Assemblies				and Solutions				Business Segments
Three Months Ended June 30,	2021		2020		2021		2020		2021		2020
Net sales by:
Sales channel:
End customers and contract manufacturers	$	2,094.9	$	1,574.1	$	92.1	$	76.8	$	2,187.0	$	1,650.9
Distributors and resellers		446.4		324.4		20.5		12.2		466.9		336.6
	$	2,541.3	$	1,898.5	$	112.6	$	89.0	$	2,653.9	$	1,987.5

Geography:
United States	$	721.8	$	515.8	$	57.3	$	54.0	$	779.1	$	569.8
China		687.6		642.7		2.6		1.7		690.2		644.4
Other foreign locations		1,131.9		740.0		52.7		33.3		1,184.6		773.3
	$	2,541.3	$	1,898.5	$	112.6	$	89.0	$	2,653.9	$	1,987.5

Six Months Ended June 30,
Net sales by:
Sales channel:
End customers and contract manufacturers	$	4,025.9	$	3,062.7	$	174.4	$	143.0	$	4,200.3	$	3,205.7
Distributors and resellers		795.5		614.8		35.2		29.0		830.7		643.8
	$	4,821.4	$	3,677.5	$	209.6	$	172.0	$	5,031.0	$	3,849.5

Geography:
United States	$	1,343.5	$	1,087.2	$	109.5	$	98.0	$	1,453.0	$	1,185.2
China		1,345.3		1,059.6		5.8		2.4		1,351.1		1,062.0
Other foreign locations		2,132.6		1,530.7		94.3		71.6		2,226.9		1,602.3
	$	4,821.4	$	3,677.5	$	209.6	$	172.0	$	5,031.0	$	3,849.5


Item 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS
	OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

	(amounts in millions, except share and per share data, unless otherwise noted)


					Percentage Growth (relative to same prior year period)


					Net sales		Foreign		Constant				Organic
					growth in		currency		Currency Net		Acquisition		Net Sales
					U.S. Dollars (1)		impact (2)		Sales Growth (3)		impact (4)		Growth (3)
Three Months Ended June 30:	2021		2020		(GAAP)		(non-GAAP)		(non-GAAP)		(non-GAAP)		(non-GAAP)
Net sales:
Interconnect Products and Assemblies	$	2,541.3	$	1,898.5	34	%	4	%	30	%	8	%	22	%
Cable Products and Solutions		112.6		89.0	27	%	3	%	24	%	9	%	15	%
Consolidated	$	2,653.9	$	1,987.5	34	%	4	%	30	%	8	%	22	%

Six Months Ended June 30:
Net sales:
Interconnect Products and Assemblies	$	4,821.4	$	3,677.5	31	%	4	%	27	%	5	%	22	%
Cable Products and Solutions		209.6		172.0	22	%	1	%	21	%	5	%	16	%
Consolidated	$	5,031.0	$	3,849.5	31	%	4	%	27	%	5	%	22	%


Principal		Interest
Amount		Rate		Maturity
$	227.7	3.125	%	September 2021
	295.0	4.00	%	February 2022
	350.0	3.20	%	April 2024
	400.0	2.050	%	March 2025
	500.0	4.350	%	June 2029
	900.0	2.80	%	February 2030

€	500.0	0.750	%	May 2026 (Euro Notes)
	500.0	2.00	%	October 2028 (Euro Notes)


				Total Number of	Maximum Dollar
(dollars in millions, except price per share)				Shares Purchased as	Value of Shares
	Total Number	Average		Part of Publicly	that May Yet be
	of Shares	Price Paid		Announced Plans or	Purchased Under the
Period	Purchased	per Share		Programs	Plans or Programs
April 1 to April 30, 2021	753,881	$	67.61	753,881	$	2,000.0
May 1 to May 31, 2021	856,330		66.54	856,330		1,943.0
June 1 to June 30, 2021	873,817		67.93	873,817		1,883.7
Total	2,484,028	$	67.35	2,484,028	$	1,883.7


3.1	Restated Certificate of Incorporation of Amphenol Corporation, dated May 19, 2021 (filed as Exhibit 3.1 to the June 30, 2021 10-Q).**
3.2	Amphenol Corporation, Third Amended and Restated By-Laws dated March 21, 2016 (filed as Exhibit 3.1 to the Form 8-K filed on March 22, 2016).*
4.1	Indenture, dated as of November 5, 2009, between Amphenol Corporation and The Bank of New York Mellon, as trustee (filed as Exhibit 4.1 to the Form 8-K filed on November 5, 2009).*
4.2	Indenture, dated as of October 8, 2018, between Amphenol Technologies Holding GmbH, Amphenol Corporation and The Bank of New York Mellon, as trustee (filed as Exhibit 4.1 to the Form 8-K filed on October 9, 2018).*
4.3	Indenture, dated as of May 4, 2020, between Amphenol Technologies Holding GmbH, Amphenol Corporation and The Bank of New York Mellon, as trustee (filed as Exhibit 4.1 to the Form 8-K filed on May 5, 2020).*
4.4	Officers’ Certificate, dated January 26, 2012, establishing the 4.00% Senior Notes due 2022 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on January 26, 2012).*
4.5	Officer’s Certificate, dated September 12, 2014, establishing the 3.125% Senior Notes due 2021 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on September 12, 2014).*
4.6	Officer’s Certificate, dated April 5, 2017, establishing both the 2.200% Senior Notes due 2020 and the 3.200% Senior Notes due 2024 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on April 5, 2017).*
4.7	Officer’s Certificate, dated January 9, 2019, establishing the 4.350% Senior Notes due 2029 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on January 10, 2019).*
4.8	Officer’s Certificate, dated September 10, 2019, establishing the 2.800% Senior Notes due 2030 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on September 10, 2019).*
4.9	Officer’s Certificate, dated February 20, 2020, establishing the 2.050% Senior Notes due 2025 pursuant to the Indenture (filed as Exhibit 4.2 to the Form 8-K filed on February 20, 2020).*
4.10	Description of the Registrant’s Securities Registered Pursuant to Section 12 of the Securities Exchange Act of 1934 (filed as Exhibit 4.10 to the December 31, 2020 10-K).*
10.1	Amended and Restated 2017 Stock Purchase and Option Plan for Key Employees of Amphenol and Subsidiaries (filed as Annex A to the Company’s Definitive Proxy Statement on Schedule 14A for its 2021 Annual Meeting of Stockholders, filed on April 12, 2021).†*
10.2	Form of 2017 Stock Option Agreement (filed as Exhibit 10.1 to the Form 8-K filed on May 19, 2017).†*
10.3	2009 Stock Purchase and Option Plan for Key Employees of Amphenol and Subsidiaries (filed as Exhibit 10.7 to the June 30, 2009 10-Q).†*
10.4	The First Amendment to the 2009 Stock Purchase and Option Plan for Key Employees of Amphenol and Subsidiaries (filed as Exhibit 10.2 to the Form 8-K filed on May 23, 2014).†*
10.5	Form of 2009 Non-Qualified Stock Option Grant Agreement dated as of May 20, 2009 (filed as Exhibit 10.8 to the June 30, 2009 10-Q).†*
10.6	Form of 2009 Management Stockholders’ Agreement dated as of May 20, 2009 (filed as Exhibit 10.9 to the June 30, 2009 10-Q).†*
10.7	Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016 (filed as Exhibit 10.6 to the December 31, 2016 10-K).†*
10.8	First Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated November 10, 2016 (filed as Exhibit 10.7 to the December 31, 2016 10-K).†*

10.9	Second Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated October 1, 2016 (filed as Exhibit 10.8 to the December 31, 2016 10-K).†*
10.10	Third Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated December 13, 2016 (filed as Exhibit 10.9 to the December 31, 2016 10-K).†*
10.11	Fourth Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated May 2, 2017 (filed as Exhibit 10.12 to the June 30, 2017 10-Q).†*
10.12	Fifth Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated October 29, 2018 (filed as Exhibit 10.12 to the December 31, 2018 10-K).†*
10.13	Sixth Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated October 4, 2019 (filed as Exhibit 10.13 to the December 31, 2019 10-K).†*
10.14	Seventh Amendment to Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016, dated December 2, 2019 (filed as Exhibit 10.14 to the December 31, 2019 10-K).†*
10.15	Amended and Restated Amphenol Corporation Supplemental Employee Retirement Plan (filed as Exhibit 10.24 to the December 31, 2008 10-K).†*
10.16	First Amendment to the Amended and Restated Amphenol Corporation Supplemental Employee Retirement Plan, dated October 29, 2018 (filed as Exhibit 10.14 to the December 31, 2018 10-K).†*
10.17	Amphenol Corporation Directors’ Deferred Compensation Plan (filed as Exhibit 10.11 to the December 31, 1997 10-K).†*
10.18	The 2012 Restricted Stock Plan for Directors of Amphenol Corporation dated May 24, 2012 (filed as Exhibit 10.15 to the June 30, 2012 10-Q).†*
10.19	2012 Restricted Stock Plan for Directors of Amphenol Corporation Restricted Share Award Agreement dated May 24, 2012 (filed as Exhibit 10.16 to the June 30, 2012 10-Q).†*
10.20	2021 Amphenol Corporation Management Incentive Plan (filed as Exhibit 10.20 to the December 31, 2020 10-K).†*
10.21	Amended and Restated Credit Agreement, dated as of January 15, 2019, among the Company, certain subsidiaries of the Company, a syndicate of financial institutions and JPMorgan Chase Bank, N.A. acting as the administrative agent (filed as Exhibit 10.1 to the Form 8-K filed on January 18, 2019).*
10.22	The Amphenol Corporation Employee Savings/401(K) Plan Adoption Agreement as amended and restated effective January 1, 2019, dated December 21, 2018 (filed as Exhibit 10.25 to the December 31, 2018 10-K).†*
10.23	Amendment to The Amphenol Corporation Employee Savings/401(K) Plan Adoption Agreement, effective January 1, 2020, dated December 23, 2019 (filed as Exhibit 10.26 to the December 31, 2019 10-K).†*
10.24	Amendment to The Amphenol Corporation Employee Savings/401(K) Plan Adoption Agreement, effective January 1, 2021, dated October 8, 2020 (filed as Exhibit 10.24 to the December 31, 2020 10-K).†*
10.25	Amendment to The Amphenol Corporation Employee Savings/401(K) Plan Adoption Agreement, effective March 1, 2021, dated February 22, 2021 (filed as Exhibit 10.25 to the March 31, 2021 10-Q).†*
10.26	Amended and Restated Amphenol Corporation Supplemental Defined Contribution Plan (filed as Exhibit 10.30 to the September 30, 2011 10-Q).†*
10.27	Amphenol Corporation Supplemental Defined Contribution Plan as amended effective January 1, 2012 (filed as Exhibit 10.34 to the December 31, 2011 10-K).†*
10.28	Amphenol Corporation Supplemental Defined Contribution Plan as amended effective January 1, 2019 (filed as Exhibit 10.28 to the December 31, 2018 10-K).†*
10.29	Commercial Paper Program form of Dealer Agreement dated as of August 29, 2014 between the Company, Citibank Global Markets and JP Morgan Securities LLC (filed as Exhibit 10.1 to the Form 8-K filed on September 5, 2014).*
10.30	Commercial Paper Program Dealer Agreement dated as of July 10, 2018 between Amphenol Technologies Holding GmbH (as issuer), Amphenol Corporation (as guarantor), Barclays Bank PLC (as Arranger), and Barclays Bank PLC and Commerzbank Aktiengesellschaft (as Original Dealers) (filed as Exhibit 10.1 to the Form 8-K filed on July 11, 2018).*
10.31	Form of Indemnification Agreement for Directors and Executive Officers (filed as Exhibit 10.27 to the December 31, 2016 10-K).†*
31.1	Certification pursuant to Exchange Act Rules 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**

31.2	Certification pursuant to Exchange Act Rules 13a-14 and 15d-14, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.**
32.1	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.***
32.2	Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.***
101.INS	Inline XBRL Instance Document – the Instance Document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.**
101.SCH	Inline XBRL Taxonomy Extension Schema Document.**
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document.**
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document.**
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document.**
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document.**
104	Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document (included in Exhibit 101).**

		AMPHENOL CORPORATION



	By:	/s/ Craig A. Lampo
		Craig A. Lampo
		Authorized Signatory and Principal Financial Officer


Date: July 30, 2021