CDW Corporation (CDW)
NASDAQ: CDW · Real-Time Price · USD
117.98
+0.39 (0.33%)
Mar 19, 2026, 9:31 AM EDT - Market open
CDW Corporation Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Quarter | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Sep '25 Sep 30, 2025 | Jun '25 Jun 30, 2025 | Mar '25 Mar 31, 2025 | Dec '24 Dec 31, 2024 | Sep '24 Sep 30, 2024 | Jun '24 Jun 30, 2024 | Mar '24 Mar 31, 2024 | Dec '23 Dec 31, 2023 | Sep '23 Sep 30, 2023 | Jun '23 Jun 30, 2023 | Mar '23 Mar 31, 2023 | Dec '22 Dec 31, 2022 | Sep '22 Sep 30, 2022 | Jun '22 Jun 30, 2022 | Mar '22 Mar 31, 2022 | Dec '21 Dec 31, 2021 | Sep '21 Sep 30, 2021 | Jun '21 Jun 30, 2021 | Mar '21 Mar 31, 2021 |
Net Income | 279.5 | 291 | 271.2 | 224.9 | 264.2 | 316.4 | 281.1 | 216.1 | 296.1 | 315.5 | 262.6 | 230.1 | 287.2 | 297.8 | 279.3 | 250.2 | 215.3 | 266.6 | 274.1 | 232.6 |
Depreciation & Amortization | 74.1 | 73.3 | 73.3 | 74.9 | 69.5 | 69.1 | 69.4 | 67.3 | 68.1 | 66 | 65.9 | 70.7 | 72.5 | 75.6 | 71.1 | 71.4 | 51.2 | 48.2 | 46.6 | 45.2 |
Stock-Based Compensation | 12.5 | 27.1 | 23.5 | 20.5 | 13.9 | 2.7 | 28.7 | 19.4 | 22.1 | 26 | 24.8 | 20.8 | 19.7 | 26.8 | 23.5 | 21.1 | 19.3 | 16.9 | 20.6 | 15.8 |
Other Adjustments | 23 | 38.3 | -8.1 | -7.5 | 28.8 | 0.6 | -2.9 | -4.3 | 8.2 | -2.1 | 6.4 | -1.3 | -1.1 | 3.2 | 2.7 | 1.5 | 9.4 | -7.3 | -37.9 | -2.2 |
Change in Receivables | -533.5 | -182.9 | -265.6 | -184.5 | -238.5 | -159.4 | -415 | 253.5 | -97.2 | 55.7 | -221.9 | 208.9 | 121.4 | -136.4 | 105.2 | -125 | -293.3 | -183 | -124.8 | -15.7 |
Changes in Inventories | -58.6 | 254.1 | -35.2 | -112.1 | 71.6 | 47.2 | -54 | -3.7 | 42.9 | 79.1 | -5 | 22 | 128 | 93.6 | 20.6 | -130.3 | -63.5 | 40.4 | -143.3 | 15.4 |
Changes in Accounts Payable | 541.6 | -110.9 | 153.2 | 231.5 | 156.3 | 50.6 | 375.8 | -138.9 | 217.9 | -233.6 | 209 | -248.7 | -448.5 | -22.1 | 122.8 | 87.8 | 194.8 | 72.2 | 144.7 | -37.2 |
Changes in Other Operating Activities | 95.2 | -61.7 | -56.4 | 39.5 | -20.5 | 14.9 | -133.2 | 30.6 | -21.6 | 162 | -113.6 | 62.9 | 62.7 | -5.6 | -244.9 | 204.1 | 12.9 | 37.8 | -179.7 | 90.7 |
Operating Cash Flow | 433.8 | 328.3 | 155.9 | 287.2 | 345.3 | 342.1 | 149.9 | 440 | 536.5 | 468.6 | 228.2 | 365.4 | 241.9 | 332.9 | 380.3 | 380.8 | 147.9 | 291.8 | 0.3 | 344.6 |
Operating Cash Flow Growth | 25.63% | -4.03% | 4.00% | -34.73% | -35.64% | -27.00% | -34.31% | 20.42% | 121.79% | 40.76% | -40.00% | -4.04% | 63.56% | 14.09% | 126666.67% | 10.51% | -74.32% | 31.09% | -99.90% | 54.53% |
Capital Expenditures | -37.9 | -29.8 | -22.5 | -26.9 | -28.6 | -33.6 | -30.9 | -29.5 | -33.5 | -43.4 | -39.6 | -31.7 | -30.6 | -33.6 | -22.3 | -41.3 | -33.8 | -27.7 | -17.8 | -20.7 |
Proceeds from Sale of Investments | - | - | 105.55 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18 | - |
Payments for Business Acquisitions | -16.5 | -8.25 | -2.5 | -5 | -323.7 | -161.85 | -0.1 | -0.2 | -0.2 | -0.7 | -53 | -22.5 | -8.7 | -4.35 | -28 | - | -2,366 | -128.1 | 1.3 | -212.9 |
Other Investing Activities | -0.1 | -0.1 | -1.05 | - | -1.4 | -0.2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Investing Cash Flow | -54.5 | -29.9 | 186.5 | -31.9 | -353.7 | -244.9 | -30.9 | -29.7 | -33.7 | -49.1 | -92.6 | -54.2 | -39.3 | -33.6 | -50.3 | -41.3 | -2,400 | -155.8 | 19.5 | -233.6 |
Short-Term Debt Issued | 1,207 | 308.3 | 703 | 386.6 | 294.2 | 147.1 | - | - | 3.15 | 6.3 | 100.65 | - | 446.8 | 375 | 777.3 | 702.3 | 1,071 | 491.8 | 28.25 | 56.5 |
Short-Term Debt Repaid | -1,207 | -308.3 | -703 | -386.6 | -294.2 | -147.1 | - | - | -3.15 | -6.3 | -226.6 | -49.1 | -483.9 | -374.8 | -777.3 | -895.2 | -920.9 | -379.6 | - | - |
Net Short-Term Debt Issued (Repaid) | - | - | - | - | - | - | - | - | - | - | -125.95 | -49.1 | -37.1 | 0.2 | - | -192.9 | 150.5 | 112.2 | 28.25 | 56.5 |
Long-Term Debt Issued | 592.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long-Term Debt Repaid | -593.5 | - | -105.55 | - | 595.2 | -778.8 | - | - | -50 | -50 | -25 | -50 | -200 | -400 | -17.75 | -35.5 | -1,415 | -710.05 | -32.05 | -60.2 |
Net Long-Term Debt Issued (Repaid) | -1 | - | -105.55 | - | 595.2 | -778.8 | - | - | -50 | -50 | -25 | -50 | -200 | -400 | -17.75 | -35.5 | -1,415 | -710.05 | -32.05 | -60.2 |
Issuance of Common Stock | 2.5 | 1.8 | 19.3 | 5.9 | 5.4 | 6.6 | 6.1 | 28.9 | 16.8 | 12 | 7.7 | 12.8 | 9.5 | 5.6 | 6.8 | 8.3 | 9.2 | 18.9 | 4.1 | 37.7 |
Repurchase of Common Stock | -157.1 | -151 | -152.3 | -218.7 | -151.4 | -102.1 | -202.7 | -82 | -51.4 | -59.7 | -197.3 | -231.6 | -1.2 | -1.3 | -0.2 | -20.4 | -315.2 | -450.6 | -390.8 | -386.2 |
Net Common Stock Issued (Repurchased) | -154.6 | -149.2 | -133 | -212.8 | -146 | -95.5 | -196.6 | -53.1 | -34.6 | -47.7 | -189.6 | -218.8 | 8.3 | 4.3 | 6.6 | -12.1 | -306 | -431.7 | -386.7 | -348.5 |
Common Dividends Paid | -81.7 | -81.8 | -82.3 | -82.8 | -83.1 | -82.7 | -83 | -83.3 | -83.1 | -79.1 | -79.4 | -79.9 | -79.9 | -67.7 | -67.5 | -67.5 | -67.7 | -54.8 | -55.8 | -56.5 |
Other Financing Activities | 15.3 | -88.5 | 78.3 | 1.5 | 3.8 | -51.5 | 22.6 | -56.2 | -183.5 | -3.4 | 83 | 49.6 | 37 | 7.7 | -105.9 | 99.9 | 21.1 | -11.3 | 32.85 | -234.8 |
Financing Cash Flow | -215.8 | -319.5 | -355.1 | -294.1 | -416.2 | 178.9 | -257 | -192.6 | -359 | -180.2 | -211.3 | -348.2 | -271.7 | -455.5 | -166.8 | -208.1 | 2,265 | -389.3 | -399 | -643.5 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | 2.3 | -7 | 18.3 | 6.7 | -14.4 | 5.3 | -0.5 | -2.6 | 4.2 | -2.5 | 0.2 | 1.2 | -0.3 | -0.8 | -8.5 | -2.6 | 0.2 | -2.8 | 1.8 | 0.9 |
Net Cash Flow | 165.8 | -28.1 | 5.6 | -32.1 | -439 | 281.4 | -138.5 | 215.1 | 148 | 236.8 | -75.5 | -35.8 | -69.4 | -157 | 154.7 | 128.8 | 13 | -256.1 | -377.4 | -531.6 |
Free Cash Flow | 395.9 | 298.5 | 133.4 | 260.3 | 316.7 | 308.5 | 119 | 410.5 | 503 | 425.2 | 188.6 | 333.7 | 211.3 | 299.3 | 358 | 339.5 | 114.1 | 264.1 | -17.5 | 323.9 |
Free Cash Flow Growth | 25.01% | -3.24% | 12.10% | -36.59% | -37.04% | -27.45% | -36.90% | 23.02% | 138.05% | 42.07% | -47.32% | -1.71% | 85.19% | 13.33% | - | 4.82% | -79.31% | 39.73% | - | 63.92% |
FCF Margin | 7.18% | 5.20% | 2.23% | 5.01% | 6.11% | 5.59% | 2.19% | 8.42% | 10.02% | 7.55% | 3.35% | 6.54% | 3.89% | 4.82% | 5.83% | 5.71% | 2.06% | 4.98% | -0.34% | 6.70% |
Free Cash Flow Per Share | 3.03 | 2.26 | 1.01 | 1.95 | 2.36 | 2.29 | 0.88 | 3.02 | 3.70 | 3.13 | 1.39 | 2.43 | 1.54 | 2.18 | 2.62 | 2.48 | 0.83 | 1.89 | -0.12 | 2.26 |
Levered Free Cash Flow | 892.9 | 416 | 278.05 | 431.8 | 1,108 | -314.2 | 508.2 | 141.9 | 519.9 | 295.6 | 228.35 | 6.2 | -165.8 | 5.9 | 208.85 | 213.5 | -887.15 | -160.35 | 120.8 | 322.3 |
Unlevered Free Cash Flow | 940.55 | 456.28 | 424.7 | 474.26 | 555.42 | 504.56 | 547.73 | 182.06 | 612.13 | 389.64 | 422.99 | 151.12 | 120.57 | 456.01 | 269.62 | 484.69 | 415.87 | 464.89 | 123.64 | 353.78 |
Updated Feb 4, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.