CDW Corporation (CDW) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16720614426438345188
Cash and cash equivalents16720614426438345188
Receivables3,3322,9882,6572,4042,2161,7171,451
Inventory, net of allowances, customer advances and progress billings604454450452393338382
Inventory604454450452393338382
Other undisclosed current assets19314912711914455192
Total current assets:4,2953,7973,3783,2382,7912,4532,214
Noncurrent Assets
Operating lease, right-of-use asset84
Property, plant and equipment171156161164175137131
Long-term investments and receivables     87 
Long-term investments     87 
Intangible assets, net (including goodwill)3,1323,1753,3773,5113,7773,3863,548
Goodwill2,5162,4632,4802,4552,5002,2182,220
Intangible assets, net (excluding goodwill)6167128971,0561,2761,1691,328
Deferred costs     3330
Other noncurrent assets214041361232
Total noncurrent assets:3,4083,3713,5793,7103,9653,6473,711
TOTAL ASSETS:7,7037,1686,9576,9486,7556,1005,925
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,8352,4122,0071,7401,2691,039148
Accounts payable1,9001,5771,3181,073867704 
Accrued liabilities692593479436219148 
Employee-related liabilities191186130168120130112
Taxes payable51565938382936
Interest and dividends payable  22252528 
Deferred revenue212
Debt56252619271545
Deferred revenue and credits1941731528195
Contract with customer, liability178
Other liabilities 232     
Other undisclosed current liabilities138(45)2883504403321,115
Total current liabilities:3,2412,8032,5152,2811,8871,4681,403
Noncurrent Liabilities
Long-term debt and lease obligation3,3413,1833,2103,2163,2333,1753,206
Long-term debt, excluding current maturities3,2593,1833,2103,2163,2333,1753,206
Operating lease, liability82
Liabilities, other than long-term debt18664249406540521605
Deferred tax liabilities, net 196369470475564
Deferred income tax liabilities111
Other liabilities75645337704641
Other undisclosed noncurrent liabilities 142     
Total noncurrent liabilities:3,5273,3893,4593,6223,7723,6953,810
Total liabilities:6,7686,1935,9745,9035,6595,1635,213
Stockholders' equity
Stockholders' equity attributable to parent9359759831,0461,096937712
Common stock1222222
Additional paid in capital3,0732,9972,9122,8572,8072,7122,688
Accumulated other comprehensive loss(154)(131)(96)(140)(61)(17)(6)
Accumulated deficit(1,985)(1,893)(1,834)(1,674)(1,652)(1,761)(1,972)
Total stockholders' equity:9359759831,0461,096937712
TOTAL LIABILITIES AND EQUITY:7,7037,1686,9576,9486,7556,1005,925

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues17,57016,24115,19213,98212,98912,07510,769
Revenue, net15,19213,98212,98912,075 
Cost of revenue
(Cost of Goods and Services Sold)
(14,614)(13,534)(12,742)(11,655)(10,873)(10,153)(9,008)
Gross profit:2,9562,7072,4502,3272,1161,9211,760
Operating expenses(1,672)(1,537)(1,410)(1,345)(1,226)(1,293)(1,302)
Other undisclosed operating income (loss)(192)(183)(174)(163)(148)4550
Operating income:1,093987866819742673509
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(14)222(9)31
Interest and debt expense  (57)(2)(24)(97)(314)
Income from continuing operations before equity method investments, income taxes:1,079989811819708579196
Income from equity method investments     1 
Other undisclosed loss from continuing operations before income taxes(158)(149)(151)(147)(61)(192) 
Income from continuing operations before income taxes:920841660672647388196
Income tax expense(210)(198)(137)(248)(244)(143)(63)
Net income available to common stockholders, diluted:711643523424403245133

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:711643523424403245133
Other comprehensive loss  (0)(0)(0)(1) 
Other undisclosed comprehensive loss(0)      
Comprehensive income:710643523424403244133
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(46)(35)44(78)(44)(10)(7)
Comprehensive income, net of tax, attributable to parent:665608567346359235126

Statements sources

The financial statements are based on the company's filings with the 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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