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Income Statement
Balance Sheet
Cash Flow Statement
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Common Size IS
Op Efficiency
Credit Analysis

CDW Corp (CDW)

Cash Flow 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
Cash flows from operating activities:          
    Net income  1,114.5988.6788.5736.8643.0523.1425.1403.1
    Adjustments to reconcile net income to net cash from operating activities:          
        Depreciation and amortization  290.6191.2425.6267.1265.6260.9254.5227.4
        Equity-based compensation expense  91.172.642.548.540.743.739.231.2
        Deferred income taxes  -18.2-6.7-20.2-87.9-56.1-172.7-97.2-54.5
        Provision for credit losses  8.3-5.430.90.80.9   
        Other  16.2-24.142.128.210.062.44.30.3
        Changes in assets and liabilities:          
            Accounts receivable  -34.8-616.8-226.4-244.8-365.1-136.8-178.9-342.6
            Merchandise inventory  111.9-151.0-71.4-153.0-46.816.9-68.0-31.5
            Other assets  -208.9-134.818.6-10.925.2-117.8-51.8-71.2
            Accounts payable-trade  -260.0374.5253.7194.1271.2231.5225.1100.5
            Other liabilities         21.4
                Net cash provided by operating activities  1,335.9784.61,314.31,027.2905.9777.7604.0277.5
   
Cash flows from investing activities:          
    Capital expenditures  -127.8-100.0-158.0-236.3-86.1-81.1-63.5-90.1
    Acquisitions of businesses, net of cash acquired  -36.7-2,705.6-43.0-95.1   -263.8
        Net cash used in investing activities  -164.5-2,769.6-201.0-331.4-86.1-81.1-65.9-354.4
   
Cash flows from financing activities:          
    Proceeds from borrowings under revolving credit facility  2,301.41,619.71,024.02,445.5686.71,560.7338.8314.5
    Repayments of borrowings under revolving credit facility  -2,531.2-1,300.5-1,075.0-2,394.5-686.7-1,560.7-338.8-314.5
    Repayments of long-term debt  -635.5-11.2-21.4  -2,121.3-1,490.4-525.3
    Net change in accounts payable-inventory financing  84.6-161.893.0-1.3-67.4-84.0143.695.9
    Repurchases of common stock   -1,500.4-340.6-657.2-522.3-534.0-367.4-241.3
    Proceeds from stock option exercises  30.269.949.234.9   11.1
    Payment of incentive compensation plan withholding taxes  -23.1-28.5-22.5-21.4-33.9-49.6 -0.6
    Dividend payments  -282.6-234.8-219.6-183.4-139.4-106.9-78.7 
    Other  22.932.18.5-23.98.29.025.9 
        Net cash used in financing activities  -1,102.1832.8138.8-749.8-754.8-818.7-304.6-226.5
Effect of exchange rate changes on cash and cash equivalents  -12.20.14.12.2-3.4   
   
Supplementary disclosure of cash flow information:          
    Interest paid  -224.3-134.3-139.4-154.2-148.8-148.5-144.3-154.6
    Income taxes paid, net  -362.2-351.0-245.6-272.2-261.2-275.7-329.2-300.2

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