CDW Corp

10-K & 10-Q Filings

CDW Corporation is a leading multi-brand provider of information technology (IT) solutions in the United States, United Kingdom, and Canada. The company offers a broad selection of products and multi-branded IT solutions to small, medium, and large business, government, education, and healthcare customers. CDW simplifies the complexities of technology solutions for its customers and acts as a trusted adviser and extension of their IT resources. The company's offerings range from discrete hardware and software products and services to complex integrated solutions across hybrid infrastructure, digital experience, security, and services. CDW has a strong sales organization, deep services and solutions capabilities, and a performance-driven culture that is central to its success. The company's website is www.cdw.com, and its ticker symbol is CDW.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$9602.40
10128.20
10768.60
12271.80
12829.20
13835.40
15041.00
16091.90
17873.00
18312.60
20669.90
23513.00
21149.40
5045.40
4821.40
6.80%-4.44%Cost of Revenue (-)
$8015.00
8458.60
9008.30
10153.20
10872.90
11654.70
12741.60
13533.60
14992.50
15257.40
17252.30
19062.10
16723.60
4013.70
3809.40
6.32%-5.09%Gross Profit (+)
$1587.40
1669.60
1760.30
1921.30
2115.80
2327.20
2449.90
2706.90
3039.90
3210.10
3568.50
4686.60
4652.40
1089.40
1063.30
9.37%-2.40%Selling, General & Administrative (-)
$1116.70
1159.00
1251.70
1248.30
1373.80
1508.00
1583.80
1719.60
1906.30
2030.90
2149.50
2951.40
2971.50
734.10
735.30
8.50%0.16%Marketing Expenses (-)
$122.70
129.50
130.80
138.00
147.80
162.90
173.70
182.50
193.20
Non-recurring Operating Expenses (-)
$
Operating Expenses (-)
$1116.70
1159.00
1251.70
1248.30
1373.80
1508.00
1583.80
1719.60
1906.30
2030.90
2149.50
2951.40
2971.50
734.10
735.30
8.50%0.16%Costs & Expenses (Total) (-)
$9131.70
9617.60
10260.00
11401.50
12246.70
13162.70
14325.40
15253.20
16898.80
17288.30
19401.80
22013.50
19695.10
4747.80
4544.70
6.61%-4.28%Operating Income/Loss (+)
$470.70
510.60
508.60
673.00
742.00
819.20
866.10
987.30
1133.60
1179.20
1419.00
1735.20
1680.90
355.30
328.00
11.19%-7.68%Non-operating Income/Expense (+)
$-118.20
-17.10
-63.00
-88.00
64.50
-0.30
-55.30
1.80
-24.50
-22.00
29.70
-11.70
-4.10
-1.30
-0.10
92.31%Interest Expense (-)
$324.20
307.40
250.10
Earnings before Tax (+)
$28.30
186.10
195.50
387.70
647.00
672.40
660.30
840.50
949.70
1002.30
1297.80
1487.80
1450.20
296.30
276.60
38.83%-6.65%Tax Expense (-)
$11.20
67.10
62.70
142.80
243.90
248.00
137.30
197.50
212.90
213.80
309.20
373.30
345.90
66.20
60.50
33.09%-8.61%Income/Loss (Continuing Operations) (+)
$17.10
119.00
132.80
244.90
403.10
424.40
523.00
643.00
736.80
788.50
988.60
1114.50
1104.30
230.10
216.10
41.53%-6.08%Net Income/Loss (+)
$17.10
119.00
132.80
244.90
403.10
424.40
523.00
643.00
736.80
788.50
988.60
1114.50
1104.30
230.10
216.10
41.53%-6.08%Net Income/Loss (Common) (+)
$17.10
119.00
132.80
244.90
403.10
424.40
523.00
643.00
736.80
788.50
988.60
1114.50
1104.30
230.10
216.10
41.53%-6.08%EPS (Basic)
$
0.82
0.85
1.44
2.37
2.59
3.37
4.26
5.08
5.53
7.14
8.24
8.20
1.70
1.61
-5.29%EPS (Diluted)
$
0.82
0.84
1.42
2.35
2.56
3.31
4.19
4.99
5.45
7.04
8.13
8.10
1.68
1.59
-5.36%Weighted Avg Shares (Basic)
0.10
145.10
156.60
170.60
170.30
163.60
155.40
150.90
145.10
142.60
138.50
135.20
134.60
135.60
134.40
82.29%-0.88%Weighted Avg Shares (Diluted)
145.80
158.70
172.80
171.80
166.00
158.20
153.60
147.80
144.80
140.50
137.00
136.30
137.30
136.00
-0.95%Cash
$99.90
37.90
188.10
344.50
37.60
263.70
144.20
205.80
154.00
1410.20
258.10
315.20
588.70
279.40
803.80
15.93%187.69%Receivables
$1254.90
1285.00
1451.00
1561.10
2017.40
2168.60
2320.50
2671.20
3002.20
3212.60
4499.40
4461.30
4567.50
4262.30
4310.40
11.37%1.13%Inventory
$321.70
314.60
382.00
337.50
393.10
452.00
449.50
454.30
611.20
760.00
927.60
800.20
668.10
781.10
670.80
6.28%-14.12%Prepaid Expenses (Current)
$34.70
34.60
46.10
54.70
144.30
118.90
127.40
149.10
171.60
191.20
357.50
498.20
410.20
487.70
366.60
22.85%-24.83%Other Assets (Current)
$168.20
162.60
146.30
155.60
198.40
234.90
336.50
316.40
395.10
379.50
435.50
489.10
470.50
469.40
482.20
8.95%2.73%Assets (Current)
$1879.40
1834.70
2213.50
2453.40
2790.80
3238.10
3378.10
3796.80
4334.10
5953.50
6478.10
6564.00
6705.00
6279.90
6633.80
11.18%5.64%Securities & Long-term Investments
$
86.70
Property, Plant & Equipment (Net)
$154.30
142.70
131.10
137.20
175.40
163.70
161.10
156.10
494.90
306.30
351.40
338.00
324.30
333.10
325.30
6.39%-2.34%Goodwill & Intangibles
$3844.40
3687.80
3548.30
3386.40
3776.80
3510.60
3376.60
3175.00
3147.10
3041.00
6011.00
5833.40
5783.10
5820.50
5741.00
3.46%-1.37%Other Assets
$71.50
54.80
31.70
36.20
12.30
36.00
40.80
39.80
23.30
43.90
358.90
396.10
472.20
334.60
492.70
17.04%47.25%Assets (Non-current)
$4070.20
3885.30
3711.10
3646.50
3964.50
3710.30
3578.50
3370.90
3665.30
3391.20
6721.30
6567.50
6579.60
6488.20
6559.00
4.08%1.09%Assets (Total)
$5949.60
5720.00
5924.60
6099.90
6755.30
6948.40
6956.60
7167.70
7999.40
9344.70
13199.40
13131.50
13284.60
12768.10
13192.80
6.92%3.33%Accounts Payable
$702.40
691.30
842.30
891.50
1050.10
1303.60
1527.70
1819.00
2135.90
2480.90
3541.80
3403.10
3910.60
3704.30
3802.00
15.38%2.64%Debt (Current)
$201.00
40.00
45.40
15.40
27.20
18.50
25.50
25.30
34.10
70.90
102.70
56.30
613.10
45.70
604.70
9.74%1223.19%Other Liabilities (Current)
$437.90
436.90
514.90
561.10
810.00
958.60
961.40
958.80
1321.40
1346.50
1451.50
1487.70
918.30
1027.90
854.30
6.37%-16.89%Liabilities (Current)
$1341.30
1168.20
1402.60
1468.00
1887.30
2280.70
2514.60
2803.10
3491.40
3898.30
5096.00
4947.10
5442.00
4777.90
5261.00
12.38%10.11%Debt (Non-current)
$3865.00
3731.00
3205.80
3174.60
3232.50
3215.90
3210.00
3183.30
3414.30
3856.30
6755.80
5866.40
5031.80
5749.90
5027.60
2.22%-12.56%Other Liabilities
$750.60
684.30
604.50
520.80
591.90
462.10
249.10
206.10
133.40
293.00
641.90
714.70
768.30
671.40
765.50
0.19%14.02%Liabilities (Non-current)
$4615.60
4415.30
3810.30
3695.40
3824.40
3678.00
3459.10
3389.40
3547.70
4149.30
7397.70
6581.10
5800.10
6421.30
5793.10
1.92%-9.78%Liabilities (Total)
$5956.90
5583.50
5212.90
5163.40
5659.40
5902.90
5973.70
6192.50
7039.10
8047.60
12493.70
11528.20
11242.10
11199.20
11054.10
5.44%-1.30%Treasury Stock
$
Retained Earnings
$-2191.30
-2073.00
-1971.80
-1760.50
-1651.60
-1673.80
-1834.30
-1892.60
-2018.60
-1813.40
-2570.70
-1763.80
-1525.50
-1847.00
-1474.20
20.18%AOCI
$-2.10
0.40
-6.30
-16.60
-61.10
-139.60
-95.90
-130.60
-117.80
-95.80
-94.40
-152.40
-124.60
-142.80
-133.40
6.58%Shareholder's Equity
$-7.30
136.50
711.70
936.50
1095.90
1045.50
982.90
975.20
960.30
1297.10
705.70
1603.30
2042.50
1568.90
2138.70
36.32%Liabilities & Equity
$5949.60
5720.00
5924.60
6099.90
6755.30
6948.40
6956.60
7167.70
7999.40
9344.70
13199.40
13131.50
13284.60
12768.10
13192.80
6.92%3.33%Net Income/Loss
$17.10
119.00
132.80
244.90
403.10
424.40
523.00
643.00
736.80
788.50
988.60
1114.50
1104.30
230.10
216.10
41.53%-6.08%Depreciation & Amortization
$220.60
223.80
217.00
214.30
233.80
261.00
266.10
265.60
267.10
425.60
191.20
290.60
270.70
70.70
67.30
1.72%-4.81%Increase/Decrease in Working Capital
$158.30
9.40
47.10
41.80
275.90
120.50
112.40
54.30
54.20
15.30
438.30
184.80
-86.10
-34.20
-131.50
-284.50%Share-based Compensation
$19.50
22.10
46.60
Adjustments to Reconcile Net Income
$197.60
198.40
233.50
190.10
-125.60
179.60
254.70
262.90
290.40
525.80
-204.00
221.40
494.40
135.30
223.90
7.94%65.48%Net Cash (Operating)
$214.70
317.40
366.30
435.00
277.50
604.00
777.70
905.90
1027.20
1314.30
784.60
1335.90
1598.70
365.40
440.00
18.21%20.42%Capital Expenditure
$45.70
41.40
47.10
141.80
353.90
63.50
81.10
86.10
331.40
201.00
2769.60
164.50
224.60
54.20
29.70
14.19%-45.20%Net Cash (Investing)
$-56.00
-41.70
-47.10
-164.80
-354.40
-65.90
-81.10
-86.10
-331.40
-201.00
-2769.60
-164.50
-229.60
-54.20
-29.70
45.20%Increase/Decrease in Debt
$854.80
-308.50
-563.30
-139.40
-33.10
-12.30
-57.00
-21.60
88.50
626.50
4190.60
-865.30
-224.40
-99.10
Increase/Decrease in Equity
$-26.70
-2.80
418.40
-16.10
-239.40
-364.00
-520.30
-522.30
-657.20
-340.60
-1468.60
30.20
-450.70
-187.20
-23.20
87.61%Interest Expenses
$332.90
302.70
267.60
195.80
154.60
144.30
148.50
148.80
154.20
139.40
134.30
224.30
233.20
24.90
22.50
-2.92%-9.64%Dividends Paid
$
7.30
33.60
52.90
78.70
106.90
139.40
183.40
219.60
234.80
282.60
321.50
79.90
83.30
4.26%Net Cash (Financing)
$-95.40
-338.00
-168.30
-112.00
-226.50
-304.60
-818.70
-754.80
-749.80
138.80
832.80
-1102.10
-1098.70
-348.20
-192.60
44.69%Cash Taxes Paid
$-20.90
123.20
82.50
241.20
300.20
329.20
275.70
261.20
272.20
245.60
351.00
362.20
401.40
-21.50
16.80
178.14%Effect of Exchange Rate
$
0.30
-0.70
-1.80
-3.50
-7.40
2.60
-3.40
2.20
4.10
0.10
-12.20
3.10
1.20
-2.60
-316.67%Increase/Decrease in Cash
$63.30
-62.00
150.20
156.40
-306.90
226.10
-119.50
61.60
-51.80
1256.20
-1152.10
57.10
273.50
-35.80
215.10
12.97%700.84%Cash (Beginning)
$36.60
99.90
37.90
188.10
344.50
37.60
263.70
144.20
205.80
154.00
1410.20
258.10
315.20
315.20
588.70
19.65%86.77%Cash (Ending)
$99.90
37.90
188.10
344.50
37.60
263.70
144.20
205.80
154.00
1410.20
258.10
315.20
588.70
279.40
803.80
15.93%187.69%NOPAT
$284.42
172.58
293.97
254.31
397.72
418.13
504.47
680.48
808.69
890.25
1035.22
1312.77
1215.64
275.92
308.08
12.87%11.66%Gross Margin %
16.53%
16.48%
16.35%
15.66%
16.49%
16.82%
16.29%
16.82%
17.01%
17.53%
17.26%
19.93%
22.00%
21.59%
22.05%
Operating Margin %
4.90%
5.04%
4.72%
5.48%
5.78%
5.92%
5.76%
6.14%
6.34%
6.44%
6.87%
7.38%
7.95%
7.04%
6.80%
NOPAT Margin %
2.96%
1.70%
2.73%
2.07%
3.10%
3.02%
3.35%
4.23%
4.52%
4.86%
5.01%
5.58%
5.75%
5.47%
6.39%
Net Margin %
0.18%
1.17%
1.23%
2.00%
3.14%
3.07%
3.48%
4.00%
4.12%
4.31%
4.78%
4.74%
5.22%
4.56%
4.48%
Tax Rate %
39.58%
66.20%
42.20%
62.21%
46.40%
48.96%
41.75%
31.08%
28.66%
24.50%
27.05%
24.34%
27.68%
22.34%
6.07%
ROA
4.78%
3.02%
4.96%
4.17%
5.89%
6.02%
7.25%
9.49%
10.11%
9.53%
7.84%
10.00%
9.15%
2.16%
2.34%
ROE
-3896.11%
126.43%
41.31%
27.15%
36.29%
39.99%
51.32%
69.78%
84.21%
68.63%
146.69%
81.88%
59.52%
17.59%
14.40%
ROIC
5.94%
3.76%
6.33%
5.47%
7.81%
8.54%
11.04%
15.08%
16.90%
15.44%
12.72%
16.21%
15.25%
3.56%
4.02%
Asset Turnover
1.61
1.77
1.82
2.01
1.90
1.99
2.16
2.25
2.23
1.96
1.57
1.79
1.59
0.40
0.37
Inventory Turnover
24.91
26.89
23.58
30.08
27.66
25.78
28.35
29.79
24.53
20.08
18.60
23.82
25.03
5.14
5.68
Equity Multiplier
-815.01
41.90
8.32
6.51
6.16
6.65
7.08
7.35
8.33
7.20
18.70
8.19
6.50
8.14
6.17
Current Ratio
1.40
1.57
1.58
1.67
1.48
1.42
1.34
1.35
1.24
1.53
1.27
1.33
1.23
1.31
1.26
Quick Ratio
1.01
1.13
1.17
1.30
1.09
1.07
0.98
1.03
0.90
1.19
0.93
0.97
0.95
0.95
0.97
Debt/Equity Ratio
-556.99
27.63
4.57
3.41
2.97
3.09
3.29
3.29
3.59
3.03
9.72
3.69
2.76
3.69
2.63
Interest Coverage Ratio
1.41
1.69
1.90
3.44
4.80
5.68
5.83
6.64
7.35
8.46
10.57
7.74
7.21
14.27
14.58
Working Capital/Sales
0.08
0.08
0.09
0.09
0.09
0.09
0.07
0.07
0.06
0.13
0.09
0.08
0.09
0.32
0.33
Dividend Payout Ratio %
2.48%
13.21%
13.30%
18.82%
21.19%
20.49%
22.68%
24.67%
22.68%
21.53%
26.45%
28.96%
27.04%
Total Payout
$-495.20
614.00
419.80
384.90
480.00
599.30
832.70
832.10
906.30
73.10
-2352.90
1342.00
1229.80
391.10
129.00
-67.02%Payout Ratio %
-174.11%
355.78%
142.80%
151.35%
120.69%
143.33%
165.06%
122.28%
112.07%
8.21%
-227.28%
102.23%
101.16%
141.74%
41.87%