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
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 investments3152581,410154206144
Cash and cash equivalents3152581,410154206144
Receivables4,9504,9353,5923,3972,9882,657
Inventory, net of allowances, customer advances and progress billings800928760611454450
Inventory800928760611454450
Other undisclosed current assets498358191172149127
Total current assets:6,5646,4785,9544,3343,7973,378
Noncurrent Assets
Operating lease, right-of-use asset149156131132
Property, plant and equipment189196176363156161
Intangible assets, net (including goodwill)5,8336,0113,0413,1473,1753,377
Goodwill4,3434,3832,5962,5532,4632,480
Intangible assets, net (excluding goodwill)1,4911,628445594712897
Other noncurrent assets39635944234041
Total noncurrent assets:6,5686,7213,3913,6653,3713,579
TOTAL ASSETS:13,13213,1999,3457,9997,1686,957
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,4033,6872,6343,0762,4122,007
Interest and dividends payable    22
Taxes payable66104895659
Employee-related liabilities362288212186130
Accounts payable2,8213,1142,0881,8351,5771,318
Accrued liabilities582146153940593479
Deferred revenue486403244252
Debt5610371342526
Deferred revenue and credits194
Contract with customer, liability178
Other liabilities 483455425491232 
Other undisclosed current liabilities519448525(362)(45)288
Total current liabilities:4,9475,0963,8983,4912,8032,515
Noncurrent Liabilities
Long-term debt and lease obligation5,8666,9404,0253,4143,1833,210
Long-term debt, excluding current maturities5,8666,7563,8563,2833,1833,210
Liabilities, other than long-term debt71545812413364249
Deferred tax liabilities, net 196
Deferred income tax liabilities2032225562
Other liabilities33623569716453
Operating lease, liability175184169131
Other undisclosed noncurrent liabilities     142 
Total noncurrent liabilities:6,5817,3984,1493,5483,3893,459
Total liabilities:11,52812,4948,0487,0396,1935,974
Equity
Equity, attributable to parent1,6037061,297960975983
Common stock111122
Additional paid in capital3,5183,3703,2053,0952,9972,912
Accumulated other comprehensive loss(152)(94)(96)(118)(131)(96)
Accumulated deficit(1,764)(2,571)(1,813)(2,019)(1,893)(1,834)
Total equity:1,6037061,297960975983
TOTAL LIABILITIES AND EQUITY:13,13213,1999,3457,9997,1686,957

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
Revenues23,74920,82118,46818,03216,24115,192
Revenue, net15,192
Cost of revenue
(Cost of Goods and Services Sold)
(19,062)(17,252)(15,257)(14,993)(13,534)(12,742)
Gross profit:4,6873,5693,2103,0402,7072,450
Operating expenses(2,951)(2,150)(2,031)(1,713)(1,537)(1,410)
Other undisclosed operating loss    (193)(183)(174)
Operating income:1,7351,4191,1791,134987866
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(12)30(22)(25)22
Interest and debt expense      (57)
Income from continuing operations before equity method investments, income taxes:1,7241,4491,1571,109989811
Other undisclosed loss from continuing operations before income taxes(236)(151)(155)(159)(149)(151)
Income from continuing operations before income taxes:1,4881,2981,002950841660
Income tax expense(373)(309)(214)(213)(198)(137)
Income from continuing operations:1,115989789737643523
Income before gain (loss) on sale of properties:989789737643523
Net income available to common stockholders, diluted:1,115989789737643523

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:1,115989789737643523
Other comprehensive loss      (0)
Comprehensive income:1,115989789737643523
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(58)12213(35)44
Comprehensive income, net of tax, attributable to parent:1,057990811750608567

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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