CDW Corporation (CDW) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 N MILWAUKEE AVENUE
VERNON HILLS, IL 60061
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5961 - Catalog and Mail-Order Houses (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments204279315385542387
Cash and cash equivalents204279315385542387
Receivables5,0154,7324,9505,0364,9395,063
Inventory, net of allowances, customer advances and progress billings7907818009151,0201,055
Inventory7907818009151,0201,055
Other undisclosed current assets479488498560540366
Total current assets:6,4886,2806,5646,8957,0406,871
Noncurrent Assets
Operating lease, right-of-use asset137146149154155164
Property, plant and equipment194187189188195196
Intangible assets, net (including goodwill)5,8535,8215,8335,8535,9265,961
Goodwill4,4284,3664,3434,3284,3704,377
Intangible assets, net (excluding goodwill)1,4251,4551,4911,5261,5571,585
Other noncurrent assets314335396386338322
Total noncurrent assets:6,4986,4886,5686,5806,6136,643
TOTAL ASSETS:12,98612,76813,13213,47613,65313,514
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8973,7043,4034,8024,8784,372
Taxes payable5871133
Employee-related liabilities359381372
Accounts payable2,8672,6442,8213,2513,3163,198
Accrued liabilities1,0301,0605821,1341,110669
Deferred revenue442496486438431444
Debt4246565810684
Other liabilities   483   
Other undisclosed current liabilities616532519621565
Total current liabilities:4,9974,7784,9475,3595,4165,465
Noncurrent Liabilities
Long-term debt and lease obligation5,7215,7505,8666,2806,6616,705
Long-term debt, excluding current maturities5,7215,7505,8666,1006,4816,515
Liabilities, other than long-term debt654671715511471451
Deferred income tax liabilities180193203208215219
Other liabilities301307336303256231
Operating lease, liability174171175180179191
Total noncurrent liabilities:6,3756,4216,5816,7917,1317,156
Total liabilities:11,37311,19911,52812,15012,54712,621
Equity
Equity, attributable to parent1,6131,5691,6031,3261,106893
Common stock111111
Additional paid in capital3,6003,5573,5183,4823,4423,404
Accumulated other comprehensive loss(125)(143)(152)(188)(139)(103)
Accumulated deficit(1,863)(1,847)(1,764)(1,969)(2,198)(2,409)
Total equity:1,6131,5691,6031,3261,106893
TOTAL LIABILITIES AND EQUITY:12,98612,76813,13213,47613,65313,514

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues5,6265,1035,4386,2166,1465,949
Cost of revenue
(Cost of Goods and Services Sold)
(4,445)(4,014)(4,257)(4,982)(4,978)(4,845)
Gross profit:1,1821,0891,1811,2331,1681,104
Operating expenses(769)(734)(735)(767)(733)(717)
Operating income:412355447466435387
Nonoperating expense
(Other Nonoperating expense)
(1)(1)(6)(5)(0)(1)
Income from continuing operations before equity method investments, income taxes:412354441462435386
Other undisclosed loss from continuing operations before income taxes(58)(58)(59)(63)(58)(56)
Income from continuing operations before income taxes:353296381399377330
Income tax expense(91)(66)(94)(101)(98)(80)
Income from continuing operations:263230287298279250
Income before gain (loss) on sale of properties:298279250
Net income available to common stockholders, diluted:263230287298279250

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:263230287298279250
Comprehensive income:263230287298279250
Other undisclosed comprehensive income (loss), net of tax, attributable to parent181035(48)(36)(9)
Comprehensive income, net of tax, attributable to parent:281240322250243242

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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