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)

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments297123108969092
Cash and cash equivalents145123108969092
Short-term investments152     
Receivables607610608611550448
Inventory, net of allowances, customer advances and progress billings124209207141125119
Inventory124209207141125119
Other undisclosed current assets201210111211
Total current assets:1,049954932859776669
Noncurrent Assets
Operating lease, right-of-use asset48101314
Property, plant and equipment575961626452
Intangible assets, net (including goodwill)777879818283
Goodwill747474747474
Intangible assets, net (excluding goodwill)3567810
Other noncurrent assets211111
Total noncurrent assets:140146151156161136
TOTAL ASSETS:1,1881,1001,0831,015937805
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities290260323301281242
Interest and dividends payable 888
Taxes payable10898
Employee-related liabilities31182824
Accounts payable264233282267236202
Accrued liabilities2727    
Debt     4 
Other liabilities 121515899
Other undisclosed current liabilities26363732149
Total current liabilities:328311375342309260
Noncurrent Liabilities
Long-term debt and lease obligation:   71010 
Liabilities, other than long-term debt20231927212
Deferred income tax liabilities1618191920
Other liabilities 100912
Operating lease, liability3571010
Other undisclosed noncurrent liabilities      17
Total noncurrent liabilities:202326373120
Total liabilities:348334401379340279
Equity
Equity, attributable to parent841766682636597526
Common stock000000
Treasury stock, value(51)(46)(46)(46)(36)(31)
Additional paid in capital131126122120118116
Accumulated other comprehensive income (loss)0     
Retained earnings761686606562515441
Total equity:841766682636597526
TOTAL LIABILITIES AND EQUITY:1,1881,1001,0831,015937805

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

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,8513,1252,8932,5902,8202,699
Cost of revenue
(Cost of Goods and Services Sold)
(2,339)(2,599)(2,428)(2,171)(2,369)(2,288)
Gross profit:512526465419451411
Operating expenses(406)(406)(368)(346)(339)(324)
Other undisclosed operating income (loss)(3)  (1)(1)(1)
Operating income:103121977211286
Nonoperating income1010013
Investment income, nonoperating    0  
Other nonoperating income1010 13
Interest and debt expense    (0)  
Income from continuing operations before equity method investments, income taxes:113122977211389
Other undisclosed income from continuing operations before income taxes   1  
Income from continuing operations before income taxes:113122977311389
Income tax expense(30)(32)(27)(17)(31)(24)
Income from continuing operations:838970568265
Income before gain (loss) on sale of properties:70568265
Net income available to common stockholders, diluted:838970568265

Comprehensive Income ($ in millions)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:838970568265
Other comprehensive loss      
Comprehensive income:838970568265
Other undisclosed comprehensive income, net of tax, attributable to parent0     
Comprehensive income, net of tax, attributable to parent:838970568265

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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