CDW Corporation

Information Technology Technology Distributors Vernon Hills, Illinois Last filing Feb 20, 2026 · FY2025

Balance Sheet

Assets, liabilities, and equity

26 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
BS Assets Cash	$618.7M	$503.5M	$588.7M	$315.2M	$258.1M
BS Assets Accts Receivable	$6.3B	$5.1B	$4.6B	$4.5B	$4.5B
BS Assets Inventory	$563.4M	$605.3M	$668.1M	$800.2M	$927.6M
BS Assets Prepaid Expenses	$452.0M	$404.4M	$410.2M	$498.2M	$357.5M
BS Assets Total Current	$8.5B	$7.4B	$6.7B	$6.6B	$6.5B
BS Assets PPE	$171.5M	$192.0M	$195.5M	$188.8M	$195.8M
BS Assets Op Lease ROU	$136.7M	$120.2M	$128.8M	$149.2M	$155.6M
BS Assets Goodwill	$4.7B	$4.6B	$4.4B	$4.3B	$4.4B
BS Assets Intangible Assets	$1.2B	$1.4B	$1.4B	$1.5B	$1.6B
BS Assets Deferred Tax Assets	$171.8M	$195.3M	$192.7M	$205.0M	$224.6M
BS Assets Total	$16.0B	$14.7B	$13.3B	$13.1B	$13.2B
BS Liab Accts Payable	$4.2B	$3.4B	$2.9B	$2.8B	$3.1B
BS Liab Accrued Liab	$534.1M	$536.0M	$554.3M	$508.3M	$507.2M
BS Liab Deferred Rev Current	$534.0M	$491.0M	$487.4M	$485.5M	$402.9M
BS Liab Current Debt	$1.0B	$235.8M	$613.1M	$56.3M	$102.7M
BS Liab Total Current	$7.2B	$5.5B	$5.4B	$4.9B	$5.1B
BS Liab Long Term Debt	$4.6B	$5.6B	$5.0B	$5.9B	$6.8B
BS Liab Op Lease Noncurrent	$157.8M	$149.1M	$164.0M	$175.2M	$184.2M
BS Liab Deferred Tax Liab	$171.8M	$167.4M	$171.4M	$203.4M	$222.3M
BS Equity Preferred Stock	$0	$0	$0	$0	$0
BS Equity Common Stock	$1.3M	$1.3M	$1.3M	$1.4M	$1.3M
BS Equity APIC	$4.0B	$3.8B	$3.7B	$3.5B	$3.4B
BS Equity Retained Earnings	$-1.3B	$-1.3B	$-1.5B	$-1.8B	$-2.6B
BS Equity AOCI	$-99.8M	$-160.1M	$-124.6M	$-152.4M	$-94.4M
BS Equity Total	$2.6B	$2.4B	$2.0B	$1.6B	$705.7M
BS Equity Total Liab and Equity	$16.0B	$14.7B	$13.3B	$13.1B	$13.2B

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $22.4B

Operating income $1.7B

Net income $1.1B

Account	2025	2024	2023	2022	2021
Statement
IS Revenue Total	$22.4B	$21.0B	$21.4B	$23.7B	$20.8B
IS Expense COGS	$17.6B	$16.4B	$16.7B	$19.1B	$17.3B
IS Expense SGA	$3.2B	$3.0B	$3.0B	$3.0B	$2.1B
IS Expense DA	$295.6M	$275.3M	$270.7M	$290.6M	$191.2M
IS Expense SBC	$83.6M	$64.7M	$93.7M	$91.1M	$72.6M
IS Expense Total Opex	$59.0M	$60.0M	$62.0M	$62.0M	$50.0M
IS Gross Profit	$4.9B	$4.6B	$4.7B	$4.7B	$3.6B
IS Operating Income	$1.7B	$1.7B	$1.7B	$1.7B	$1.4B
IS Other Nonop Inc Exp	$-800.0K	$-1.4M	$-4.1M	$-11.7M	$29.7M
IS Pre Tax Income	$1.4B	$1.4B	$1.5B	$1.5B	$1.3B
IS Tax Expense	$360.8M	$357.6M	$345.9M	$373.3M	$309.2M
IS net Income	$1.1B	$1.1B	$1.1B	$1.1B	$988.6M
IS Comprehensive Income	$1.1B	$1.0B	$1.1B	$1.1B	$990.0M
IS EPS Basic	$8	$8	$8	$8	$7
IS EPS Diluted	$8	$8	$8	$8	$7
IS Shares Basic	$131.3M	$133.8M	$134.6M	$135.2M	$138.5M
IS Shares Diluted	$132.1M	$135.2M	$136.3M	$137.0M	$140.5M

Cash Flow Statement

Operating, investing, and financing flows

23 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
CF Ops net Income	$1.1B	$1.1B	$1.1B	$1.1B	$988.6M
CF Ops DA	$295.6M	$275.3M	$270.7M	$290.6M	$191.2M
CF Ops SBC	$83.6M	$64.7M	$93.7M	$91.1M	$72.6M
CF Ops Deferred Tax	$1.3M	$-14.1M	$-32.7M	$-18.2M	$-6.7M
CF Ops Working Capital	$1.1B	$498.3M	$-84.5M	$-77.1M	$935.8M
CF Ops Other	$7.2M	$4.1M	$29.0M	$16.2M	$-24.1M
CF Ops net Cash	$1.2B	$1.3B	$1.6B	$1.3B	$784.6M
CF Inv Capex	$117.1M	$122.6M	$148.2M	$127.8M	$100.0M
CF Inv Acquisitions	$21.5M	$323.9M	$76.4M	$36.7M	$2.7B
CF Inv Other	$2.3M	$1.6M	$5.0M	$0	$0
CF Inv net Cash	$70.2M	$-659.2M	$-229.6M	$-164.5M	$-2.8B
CF Fin Debt Issuance	$592.5M	$1.2B	$0	$0	$3.9B
CF Fin Debt Repayment	$211.1M	$0	$150.0M	$635.5M	$11.2M
CF Fin Share Repurchases	$653.0M	$500.0M	$500.0M	$0	$1.5B
CF Fin Dividends	$328.6M	$332.1M	$321.5M	$282.6M	$234.8M
CF Fin Stock Issuance	$29.5M	$47.0M	$49.3M	$30.2M	$69.9M
CF Fin Tax Withholding	$26.1M	$38.2M	$40.0M	$23.1M	$28.5M
CF Fin Other	$8.4M	$-23.3M	$-38.4M	$22.9M	$32.1M
CF Fin net Cash	$-1.2B	$-686.9M	$-1.1B	$-1.1B	$832.8M
CF FX Effect	$20.3M	$-12.2M	$3.1M	$-12.2M	$100.0K
CF net Change	$111.2M	$-81.0M	$273.5M	$57.1M	$-1.2B
CF Cash Begin	$618.9M	$507.7M	$588.7M	$315.2M	$258.1M
CF Cash End	$618.9M	$507.7M	$588.7M	$315.2M	$258.1M

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Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

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