CDW CORP CDW Income Statement

Cdw corp (CDW)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net sales
4,389	4,536	4,907	4,629	3,957	4,074	4,373	4,186	3,606	3,752	3,933	3,891	3,256	3,183	3,708	3,664	3,116	3,418	3,501	3,314	2,755	3,050	3,266	3,106	2,652	2,713	2,864	2,779	2,411	2,601	2,623	2,584	2,319	2,479	2,581	2,412	2,129	2,374	2,223
Cost of sales
3,632	3,759	4,091	3,856	3,285	3,381	3,659	3,490	3,002	3,138	3,291	3,250	2,702	2,604	3,093	3,054	2,592	2,860	2,933	2,779	2,298	2,558	2,758	2,609	2,227	2,265	2,405	2,327	2,009	2,175	2,190	2,157	1,934	2,067	2,161	2,011	1,779	2,006	1,863
Gross profit
756	777	816	773	672	693	713	695	603	613	642	640	553	579	614	610	524	557	567	534	456	491	507	496	425	448	458	451	402	425	432	426	384	412	420	400	350	368	359
Selling and administrative expenses
510	404	444	420	443	402	390	381	362	347	351	363	347	336	334	344	329	338	321	290	275	290	285	273	260	270	332	266	251	261	257	259	251	265	252	243	229	235	239
Advertising expense
-	-	51	53	-	48	48	48	37	45	46	46	35	44	41	42	34	39	41	38	29	37	37	34	28	35	33	31	30	33	36	31	29	35	28	29	29	28	24
Operating income
245	283	320	300	228	242	274	265	204	221	244	230	170	198	237	223	161	179	204	205	151	164	184	188	135	142	92	153	120	130	139	136	103	111	139	128	91	104	95
Interest expense, net
-37	-38	-42	-40	-38	-37	-36	-37	-37	-37	-37	-35	-39	-33	-37	-36	-38	-38	-38	-37	-44	-245	-50	48	50	-448	56	70	72	74	76	76	78	80	85	65	92	105	106
Net loss on extinguishments of long-term debt
-	-	-	-	-	-	-	-	-	-	0	0	-57	0	-2	0	0	0	0	0	-24	-36	-45	-2	-5	-8	-41	-10	-3	-7	0	0	-9	0	0	-115	-3	-	-
Gain on remeasurement of equity investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income, net
3	-9	-17	1	1	0	0	1	-0	-57	0	0	0	-0	0	0	1	0	-18	4	4	1	0	0	0	0	-0	0	0	-0	0	0	-0	-0	0	0	0	0	-0
Income before income taxes
211	236	260	261	191	206	238	229	165	184	206	195	74	163	198	187	123	141	246	172	87	80	89	137	80	82	-4	73	44	48	63	59	15	29	54	-53	-3	-0	-10
Income tax expense
44	50	59	64	39	47	54	56	38	-10	77	54	16	59	72	70	46	52	95	63	32	28	33	50	29	22	-2	26	16	14	25	22	4	10	17	-18	1	-	-3
Net income
167	185	201	196	152	159	183	173	127	194	129	140	58	103	125	117	77	89	150	108	54	51	55	86	50	60	-2	46	28	33	38	36	10	19	37	-34	-4	-0	-7
Net income per common share:
Basic (in dollars per share)
1.18	1.30	1.39	1.35	1.04	1.07	1.22	1.14	0.83	1.27	0.84	0.90	0.36	0.64	0.78	0.71	0.47	0.53	0.89	0.63	0.32	0.30	0.33	0.51	0.30	0.35	-0.01	0.32	0.19	-	0.26	0.25	-	-	-	-	-	-	-
Diluted (in dollars per share)
1.16	1.27	1.37	1.33	1.02	1.05	1.20	1.12	0.82	1.23	0.83	0.89	0.36	0.64	0.76	0.70	0.46	0.52	0.88	0.63	0.32	0.30	0.32	0.50	0.30	0.34	-0.01	0.32	0.19	-	0.26	0.25	-	-	-	-	-	-	-
Weighted-average common shares outstanding:
Basic (in shares)
142	143	144	145	147	148	150	151	152	152	153	156	159	160	162	164	167	168	169	171	172	171	170	170	169	169	166	145	145	-	145	145	-	-	-	-	-	-	-
Diluted (in shares)
144	146	147	148	149	152	153	153	154	154	156	159	162	163	164	166	168	170	171	172	173	173	173	172	172	175	166	146	146	-	145	145	-	-	-	-	-	-	-
Cash dividends declared per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.16	0.16	0.16	0.16	0.10	0.10	0.10	0.10	0.06	0.06	0.06	0.06	0.04	0.04	0.04	0.04	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-