PC Connection, Inc. (CNXN) financial statements (2022 and earlier)

Company profile

Business Address ROUTE 101A
MERRIMACK, NH 03054
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 investments108969092504980
Cash and cash equivalents108969092504980
Receivables608611550448450412356
Inventory, net of allowances, customer advances and progress billings20714112511910791103
Inventory20714112511910791103
Deferred tax assets   8
Other undisclosed current assets101112111086
Total current assets:932859776669616559553
Noncurrent Assets
Operating lease, right-of-use asset101314
Property, plant and equipment61626452413932
Intangible assets, net (including goodwill)79818283858653
Goodwill74747474747451
Intangible assets, net (excluding goodwill)6781011132
Other noncurrent assets1111611
Total noncurrent assets:15115616113613212786
TOTAL ASSETS:1,0831,015937805748686639
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities323301281242217199186
Accounts payable282267236202194178167
Employee-related liabilities31182824232119
Taxes payable10898   
Interest and dividends payable 888   
Debt  4    
Other liabilities15899   
Other undisclosed current liabilities3732149313136
Total current liabilities:375342309260248230222
Noncurrent Liabilities
Long-term debt and lease obligation71010    
Operating lease, liability71010
Liabilities, other than long-term debt192721222225
Deferred tax liabilities, net  2022
Deferred income tax liabilities191920
Other liabilities0912233
Other undisclosed noncurrent liabilities   1716  
Total noncurrent liabilities:26373120182225
Total liabilities:401379340279266253247
Stockholders' equity
Stockholders' equity attributable to parent682636597526482433392
Common stock0000000
Treasury stock, value(46)(46)(36)(31)(16)(16)(16)
Additional paid in capital122120118116114111109
Retained earnings606562515441384338299
Total stockholders' equity:682636597526482433392
TOTAL LIABILITIES AND EQUITY:1,0831,015937805748686639

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
Revenues2,8932,5902,8202,6992,9122,6932,574
Revenue, net2,9122,6932,574
Cost of revenue(2,428)(2,171)(2,369)(2,288)(2,530)(2,321)(2,233)
Cost of goods and services sold(2,428)(2,171)(2,369)(2,288)   
Gross profit:465419451411382371341
Operating expenses(368)(346)(339)(324)(305)(291)(262)
Other undisclosed operating loss (1)(1)(1)   
Operating income:977211286788179
Nonoperating income0013   
Investment income, nonoperating 0     
Other nonoperating income0 13   
Interest and debt expense (0)     
Other undisclosed loss from continuing operations before equity method investments, income taxes      (0)
Income from continuing operations before equity method investments, income taxes:977211389788178
Other undisclosed income (loss) from continuing operations before income taxes 1  0(0) 
Income from continuing operations before income taxes:977311389788078
Income tax expense(27)(17)(31)(24)(23)(32)(32)
Net income available to common stockholders, diluted:70568265554847

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:70568265554847
Comprehensive income, net of tax, attributable to parent:70568265554847

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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