CDW Corporation (CDW)

CDW Corporation Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	21,146	21,376	23,749	20,821	18,468	18,032
Revenue Growth (YoY)	-7.67%	-9.99%	14.06%	12.74%	2.41%	11.03%
Cost of Revenue	16,519	16,724	19,062	17,252	15,257	14,993
Gross Profit	4,626	4,652	4,687	3,569	3,210	3,040
Selling, General & Admin	2,973	2,972	2,951	2,150	2,031	1,906
Operating Expenses	2,973	2,972	2,951	2,150	2,031	1,906
Operating Income	1,654	1,681	1,735	1,419	1,179	1,134
Interest Expense / Income	220.2	226.6	235.7	150.9	154.9	159.4
Other Expense / Income	2.9	4.1	11.7	-29.7	22	24.5
Pretax Income	1,431	1,450	1,488	1,298	1,002	949.7
Income Tax	340.2	345.9	373.3	309.2	213.8	212.9
Net Income	1,090	1,104	1,115	988.6	788.5	736.8
Net Income Growth	-0.37%	-0.92%	12.74%	25.38%	7.02%	14.59%
Shares Outstanding (Basic)	134	135	135	139	143	145
Shares Outstanding (Diluted)	136	136	137	141	145	148
Shares Change	-0.95%	-0.51%	-2.49%	-2.97%	-2.03%	-3.78%
EPS (Basic)	8.11	8.20	8.24	7.14	5.53	5.08
EPS (Diluted)	8.01	8.10	8.13	7.04	5.45	4.99
EPS Growth	0.38%	-0.37%	15.48%	29.17%	9.22%	19.09%
Free Cash Flow	1,527	1,451	1,208	684.6	1,156	790.9
Free Cash Flow Per Share	11.36	10.78	8.94	4.94	8.11	5.45
Dividend Per Share	2.420	2.390	2.090	1.700	1.540	1.265
Dividend Growth	11.01%	14.35%	22.94%	10.39%	21.74%	36.76%
Gross Margin	21.88%	21.76%	19.73%	17.14%	17.38%	16.86%
Operating Margin	7.82%	7.86%	7.31%	6.82%	6.39%	6.29%
Profit Margin	5.16%	5.17%	4.69%	4.75%	4.27%	4.09%
Free Cash Flow Margin	7.22%	6.79%	5.09%	3.29%	6.26%	4.39%
Effective Tax Rate	23.78%	23.85%	25.09%	23.82%	21.33%	22.42%
EBITDA	1,918	1,948	2,014	1,640	1,583	1,376
EBITDA Margin	9.07%	9.11%	8.48%	7.88%	8.57%	7.63%
Depreciation & Amortization	267.3	270.7	290.6	191.2	425.6	267.1
EBIT	1,651	1,677	1,724	1,449	1,157	1,109
EBIT Margin	7.81%	7.84%	7.26%	6.96%	6.27%	6.15%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).