CDW Corporation (CDW) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2581,41015420614426438
Cash and cash equivalents2581,41015420614426438
Receivables4,9353,5923,3972,9882,6572,4042,216
Inventory, net of allowances, customer advances and progress billings928760611454450452393
Inventory928760611454450452393
Other undisclosed current assets358191172149127119144
Total current assets:6,4785,9544,3343,7973,3783,2382,791
Noncurrent Assets
Operating lease, right-of-use asset156131132
Property, plant and equipment196176363156161164175
Intangible assets, net (including goodwill)6,0113,0413,1473,1753,3773,5113,777
Goodwill4,3832,5962,5532,4632,4802,4552,500
Intangible assets, net (excluding goodwill)1,6284455947128971,0561,276
Other noncurrent assets359442340413612
Total noncurrent assets:6,7213,3913,6653,3713,5793,7103,965
TOTAL ASSETS:13,1999,3457,9997,1686,9576,9486,755
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6872,6343,0762,4122,0071,7401,269
Accounts payable3,1142,0881,8351,5771,3181,073867
Accrued liabilities146153940593479436219
Employee-related liabilities362288212186130168120
Taxes payable661048956593838
Interest and dividends payable    222525
Deferred revenue403244252
Debt103713425261927
Deferred revenue and credits194173152
Contract with customer, liability178
Other liabilities455425491232   
Other undisclosed current liabilities448525(362)(45)288350440
Total current liabilities:5,0963,8983,4912,8032,5152,2811,887
Noncurrent Liabilities
Long-term debt and lease obligation6,9404,0253,4143,1833,2103,2163,233
Long-term debt, excluding current maturities6,7563,8563,2833,1833,2103,2163,233
Operating lease, liability184169131
Liabilities, other than long-term debt45812413364249406540
Deferred tax liabilities, net 196369470
Deferred income tax liabilities2225562
Other liabilities235697164533770
Other undisclosed noncurrent liabilities   142   
Total noncurrent liabilities:7,3984,1493,5483,3893,4593,6223,772
Total liabilities:12,4948,0487,0396,1935,9745,9035,659
Stockholders' equity
Stockholders' equity attributable to parent7061,2979609759831,0461,096
Common stock1112222
Additional paid in capital3,3703,2053,0952,9972,9122,8572,807
Accumulated other comprehensive loss(94)(96)(118)(131)(96)(140)(61)
Accumulated deficit(2,571)(1,813)(2,019)(1,893)(1,834)(1,674)(1,652)
Total stockholders' equity:7061,2979609759831,0461,096
TOTAL LIABILITIES AND EQUITY:13,1999,3457,9997,1686,9576,9486,755

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues20,82118,46818,03216,24115,19213,98212,989
Revenue, net15,19213,98212,989
Cost of revenue
(Cost of Goods and Services Sold)
(17,252)(15,257)(14,993)(13,534)(12,742)(11,655)(10,873)
Gross profit:3,5693,2103,0402,7072,4502,3272,116
Operating expenses(2,150)(2,031)(1,713)(1,537)(1,410)(1,345)(1,226)
Other undisclosed operating loss  (193)(183)(174)(163)(148)
Operating income:1,4191,1791,134987866819742
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
30(22)(25)222(9)
Interest and debt expense    (57)(2)(24)
Income from continuing operations before equity method investments, income taxes:1,4491,1571,109989811819708
Other undisclosed loss from continuing operations before income taxes(151)(155)(159)(149)(151)(147)(61)
Income from continuing operations before income taxes:1,2981,002950841660672647
Income tax expense(309)(214)(213)(198)(137)(248)(244)
Net income available to common stockholders, diluted:989789737643523424403

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:989789737643523424403
Other comprehensive loss    (0)(0)(0)
Comprehensive income:989789737643523424403
Other undisclosed comprehensive income (loss), net of tax, attributable to parent12213(35)44(78)(44)
Comprehensive income, net of tax, attributable to parent:990811750608567346359

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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