CDW Corporation (CDW)

CDW Corporation Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,077	1,067	1,078	1,104	1,115	988.6
Depreciation & Amortization	295.8	295.6	275.3	270.7	290.6	191.2
Stock-Based Compensation	85.2	83.6	64.7	93.7	91.1	72.6
Other Adjustments	55.5	45.7	22.2	11.2	6.3	-36.2
Change in Receivables	-1,152	-1,167	-559.4	-54.5	-34.8	-616.8
Changes in Inventories	-97.3	48.2	61.1	139	111.9	-151
Changes in Accounts Payable	925.2	815.4	443.8	-55.4	-260	374.5
Changes in Other Operating Activities	3.4	16.6	-108.2	89.7	16.3	-38.3
Operating Cash Flow	1,193	1,205	1,277	1,599	1,336	784.6
Operating Cash Flow Growth	6.07%	-5.64%	-20.10%	19.67%	70.27%	-40.30%
Capital Expenditures	-116.6	-117.1	-122.6	-148.2	-127.8	-100
Proceeds from Sale of Investments	105.55	-	-	-	-	36
Payments for Business Acquisitions	-16.5	-21.5	-323.9	-76.4	-36.7	-2,706
Other Investing Activities	-6.8	208.8	-212.7	-5	-	-
Investing Cash Flow	71.2	70.2	-659.2	-229.6	-164.5	-2,770
Short-Term Debt Issued	2,869	2,604	294.2	207.6	2,301	1,620
Short-Term Debt Repaid	-2,869	-2,604	-294.2	-282	-2,531	-1,301
Net Short-Term Debt Issued (Repaid)	-	0	0	-74.4	-229.8	319.2
Long-Term Debt Issued	592.5	592.5	1,198	-	-	3,918
Long-Term Debt Repaid	-699.05	-804.6	-962.4	-150	-635.5	-1,480
Net Long-Term Debt Issued (Repaid)	-106.55	-212.1	235.4	-150	-635.5	2,437
Issuance of Common Stock	26.2	29.5	47	49.3	30.2	69.9
Repurchase of Common Stock	-671.8	-679.1	-538.2	-540	-23.1	-1,529
Net Common Stock Issued (Repurchased)	-645.6	-649.6	-491.2	-490.7	7.1	-1,459
Common Dividends Paid	-326.9	-328.6	-332.1	-321.5	-282.6	-234.8
Other Financing Activities	24.25	5.8	-99	-62.1	38.7	-229.7
Financing Cash Flow	-1,164	-1,185	-686.9	-1,099	-1,102	832.8
Effect of Exchange Rate Changes on Cash and Cash Equivalents	3.9	20.3	-12.2	3.1	-12.2	0.1
Net Cash Flow	104.3	111.2	-81	273.5	57.1	-1,152
Free Cash Flow	1,076	1,088	1,155	1,451	1,208	684.6
Free Cash Flow Growth	-1.09%	-5.77%	-20.39%	20.06%	76.47%	-40.79%
FCF Margin	4.70%	4.85%	5.50%	6.79%	5.09%	3.29%
Free Cash Flow Per Share	8.21	8.24	8.54	10.64	8.82	4.87
Levered Free Cash Flow	1,981	1,913	1,863	1,176	280.2	4,021
Unlevered Free Cash Flow	2,258	2,296	1,789	1,576	1,331	1,357

Updated May 6, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q