PC Connection Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	83.73	87.1	83.27	89.22	69.91	55.77
Depreciation & Amortization	12.02	12.98	12.65	11.98	12.2	13.6
Loss (Gain) From Sale of Assets	0.04	0.06	0.57	0.02	-0.04	0.03
Loss (Gain) From Sale of Investments	-1.52	-4.24	-1.52	-	-	-
Stock-Based Compensation	9.38	8.48	7.02	5.68	4.23	2.67
Provision & Write-off of Bad Debts	2.32	1.91	1.85	3.25	3.31	3.32
Other Operating Activities	-0.03	-0.78	-2.15	-1.31	0.75	-2.71
Change in Accounts Receivable	-33.95	-6.51	1.6	-6	-1.32	-63.65
Change in Inventory	-21.33	29.13	84.5	-2.13	-65.69	-16.2
Change in Accounts Payable	19.21	36.45	31.15	-49.06	14.81	32.52
Change in Other Net Operating Assets	-6.61	9.29	-20.99	-16.76	19.58	10.76
Operating Cash Flow	63.27	173.87	197.95	34.89	57.75	36.1
Operating Cash Flow Growth	-60.68%	-12.17%	467.38%	-39.59%	59.99%	-1.38%
Capital Expenditures	-7.56	-7.58	-9.6	-9.08	-10.3	-11.03
Sale of Property, Plant & Equipment	-	-	-	-	0.07	-
Investment in Securities	51.27	-107.71	-150.61	-	-	-
Other Investing Activities	-	-	-	-	1.5	-
Investing Cash Flow	43.71	-115.29	-160.2	-9.08	-8.73	-11.03
Short-Term Debt Issued	-	26.05	88.2	36.46	-	-
Total Debt Issued	1.58	26.05	88.2	36.46	-	-
Short-Term Debt Repaid	-	-26.05	-88.2	-36.46	-	-
Total Debt Repaid	-1.58	-26.05	-88.2	-36.46	-	-
Issuance of Common Stock	1.19	1.11	1.09	-	-	0.54
Repurchase of Common Stock	-73.69	-15.8	-8.41	-2.24	-1.77	-11.58
Common Dividends Paid	-14.15	-10.53	-8.41	-	-34.6	-
Financing Cash Flow	-86.65	-25.22	-15.73	-11.19	-36.37	-19.47
Net Cash Flow	20.33	33.36	22.02	14.62	12.66	5.6
Free Cash Flow	55.71	166.29	188.36	25.81	47.45	25.07
Free Cash Flow Growth	-63.70%	-11.71%	629.73%	-45.60%	89.32%	128.97%
Free Cash Flow Margin	1.93%	5.93%	6.61%	0.83%	1.64%	0.97%
Free Cash Flow Per Share	2.15	6.27	7.13	0.98	1.80	0.95
Cash Interest Paid	0	0.01	0.02	0	-	-
Cash Income Tax Paid	29.6	29.3	41.67	33.69	21.47	19.44
Levered Free Cash Flow	41.72	145.12	174.34	13.3	38.98	8.5
Unlevered Free Cash Flow	41.78	145.19	174.36	13.3	38.98	8.5
Change in Working Capital	-42.67	68.35	96.26	-73.94	-32.61	-36.58

Source: S&P Global Market Intelligence. Standard template. Financial Sources.