PC Connection, Inc. (CNXN) Financial Statements (2024 and earlier)

Company Profile

Business Address ROUTE 101A
MERRIMACK, NH 03054
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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12310896909250
Cash and cash equivalents12310896909250
Short-term investments      
Receivables610608611550448450
Inventory, net of allowances, customer advances and progress billings209207141125119107
Inventory209207141125119107
Other undisclosed current assets121011121110
Total current assets:954932859776669616
Noncurrent Assets
Operating lease, right-of-use asset8101314
Property, plant and equipment596162645241
Intangible assets, net (including goodwill)787981828385
Goodwill747474747474
Intangible assets, net (excluding goodwill)56781011
Other noncurrent assets111116
Total noncurrent assets:146151156161136132
TOTAL ASSETS:1,1001,0831,015937805748
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities260323301281242217
Interest and dividends payable 888 
Taxes payable10898 
Employee-related liabilities3118282423
Accounts payable233282267236202194
Accrued liabilities27     
Debt    4  
Other liabilities 1515899 
Other undisclosed current liabilities36373214931
Total current liabilities:311375342309260248
Noncurrent Liabilities
Long-term debt and lease obligation:  71010  
Liabilities, other than long-term debt2319272122
Deferred income tax liabilities18191920
Other liabilities009122
Operating lease, liability571010
Other undisclosed noncurrent liabilities     1716
Total noncurrent liabilities:232637312018
Total liabilities:334401379340279266
Equity
Equity, attributable to parent766682636597526482
Common stock000000
Treasury stock, value(46)(46)(46)(36)(31)(16)
Additional paid in capital126122120118116114
Accumulated other comprehensive income      
Retained earnings686606562515441384
Total equity:766682636597526482
TOTAL LIABILITIES AND EQUITY:1,1001,0831,015937805748

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues3,1252,8932,5902,8202,6992,912
Revenue, net2,912
Cost of revenue(2,599)(2,428)(2,171)(2,369)(2,288)(2,530)
Cost of goods and services sold(2,599)(2,428)(2,171)(2,369)(2,288) 
Gross profit:526465419451411382
Operating expenses(406)(368)(346)(339)(324)(305)
Other undisclosed operating loss  (1)(1)(1) 
Operating income:12197721128678
Nonoperating income10013 
Investment income, nonoperating   0   
Other nonoperating income10 13 
Interest and debt expense   (0)   
Income from continuing operations before equity method investments, income taxes:12297721138978
Other undisclosed income from continuing operations before income taxes   1  0
Income from continuing operations before income taxes:12297731138978
Income tax expense(32)(27)(17)(31)(24)(23)
Income from continuing operations:897056826555
Income before gain (loss) on sale of properties:7056826555
Net income available to common stockholders, diluted:897056826555

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:897056826555
Comprehensive income:897056826555
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:897056826555

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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