PC Connection, Inc. (CNXN)

PC Connection Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	83.72	87.1	83.27	89.22	69.91
Depreciation & Amortization	11.7	12.98	12.65	11.98	12.2
Stock-Based Compensation	9.34	8.48	7.02	5.68	4.23
Other Adjustments	7.24	-3.04	-1.25	1.96	4.02
Change in Receivables	-38.45	-6.51	1.6	-6	-1.32
Changes in Inventories	-48.51	29.13	84.5	-2.13	-65.69
Changes in Accounts Payable	38.08	36.45	31.15	-49.06	14.81
Changes in Accrued Expenses	10.71	5.98	-11.79	-14.73	17.73
Changes in Other Operating Activities	-8.39	3.31	-9.2	-2.03	1.86
Operating Cash Flow	65.44	173.87	197.95	34.89	57.75
Operating Cash Flow Growth	-62.36%	-12.17%	467.38%	-39.59%	59.99%
Capital Expenditures	-7.39	-7.58	-9.6	-9.08	-10.3
Sale of Property, Plant & Equipment	-	-	-	-	0.07
Purchases of Investments	-264.14	-358.32	-150.61	-	-
Proceeds from Sale of Investments	314.36	250.61	-	-	-
Other Investing Activities	-	-	-	-	1.5
Investing Cash Flow	42.83	-115.29	-160.2	-9.08	-8.73
Short-Term Debt Issued	0.73	26.05	88.2	36.46	-
Short-Term Debt Repaid	-0.73	-26.05	-88.2	-36.46	-
Issuance of Common Stock	1.23	1.11	1.09	-	-
Repurchase of Common Stock	-76.27	-12.38	-5.39	-	-
Net Common Stock Issued (Repurchased)	-75.03	-11.27	-4.3	-	-
Common Dividends Paid	-15.3	-10.53	-8.41	-8.95	-34.6
Other Financing Activities	-3.04	-3.42	-3.02	-2.24	-1.77
Financing Cash Flow	-93.37	-25.22	-15.73	-11.19	-36.37
Net Cash Flow	14.9	33.36	22.02	14.62	12.66
Free Cash Flow	58.05	166.29	188.36	25.81	47.45
Free Cash Flow Growth	-65.09%	-11.71%	629.73%	-45.60%	89.32%
FCF Margin	2.02%	5.93%	6.61%	0.83%	1.64%
Free Cash Flow Per Share	2.26	6.27	7.13	0.98	1.80
Levered Free Cash Flow	79.92	167.37	180.99	24.18	40.52
Unlevered Free Cash Flow	69.28	152.23	173.66	23.38	40.51

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q