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CDW Corp (CDW)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Net sales  23,748.720,820.818,467.518,032.416,240.514,832.913,672.712,988.7
            Net sales growth  14.1%12.7%2.4%11.0%9.5%8.5%5.3%7.6%
Cost of sales  19,062.117,252.315,257.414,992.513,533.612,382.711,344.410,872.9
    Gross profit  4,686.63,568.53,210.13,039.92,706.92,450.22,328.32,115.8
            Gross margin  19.7%17.1%17.4%16.9%16.7%16.5%17.0%16.3%
Selling and administrative expenses  2,951.42,149.52,030.91,906.31,719.61,583.71,508.31,373.8
    Operating income  1,735.21,419.01,179.21,133.6987.3866.5820.0742.0
            Operating margin  7.3%6.8%6.4%6.3%6.1%5.8%6.0%5.7%
Interest expense, net  -235.7-150.9-154.9-159.4-148.6-150.5-146.5-159.5
Other expense, net  -11.729.7-22.0-24.51.8-55.31.8-9.3
    Income before income taxes  1,487.81,297.81,002.3949.7840.5660.7673.2647.0
Income tax expense  -373.3-309.2-213.8-212.9-197.5-137.6-248.1-243.9
    Net income  1,114.5988.6788.5736.8643.0523.1425.1403.1
   
Net income per common share:          
Basic (in dollars per share)  $8.24$7.14$5.53$5.08$4.26$3.37$2.60$2.37
Diluted (in dollars per share)  $8.13$7.04$5.45$4.99$4.19$3.31$2.56$2.35
   
Weighted-average common shares outstanding:          
Basic (in shares)  135.2138.5142.6145.1150.9155.4163.6170.3
Diluted (in shares)  137.0140.5144.8147.8153.6158.2166.0171.8

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