CDW Corporation
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $523.1M | $425.1M | $403.1M | $244.9M | $132.8M | $119.0M | $17.1M | $-29.2M |
| Depreciation & Amortization | $260.9M | $254.5M | $227.4M | $207.9M | $208.2M | $210.2M | $204.9M | $209.4M |
| Depreciation | $40.0M | $38.0M | $29.0M | $26.0M | $27.2M | $32.0M | $31.3M | $38.3M |
| Amortization | $221.0M | $216.0M | $199.0M | $182.0M | $181.0M | $178.2M | $173.5M | $171.1M |
| Stock-Based Compensation | — | — | — | — | $46.6M | $22.1M | $19.5M | $11.5M |
| Net Cash from Operating Activities | $777.7M | $604.0M | $277.5M | $435.0M | $366.3M | $317.4M | $214.7M | $423.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $81.1M | $63.5M | $90.1M | $55.0M | $47.1M | $41.4M | $45.7M | $41.5M |
| Business Acquisitions | $0 | $0 | $263.8M | $0 | $0 | — | — | — |
| Net Cash from Investing Activities | $-81.1M | $-65.9M | $-354.4M | $-164.8M | $-47.1M | $-41.7M | $-56.0M | $-125.4M |
| Financing Activities | ||||||||
| Dividends Paid | $106.9M | $78.7M | $52.9M | $33.6M | $7.3M | $0 | $0 | — |
| Stock Repurchases | $534.0M | $367.4M | $241.3M | $0 | $200.0K | $700.0K | $400.0K | $0 |
| Net Cash from Financing Activities | $-818.7M | $-304.6M | $-226.5M | $-112.0M | $-168.3M | $-338.0M | $-95.4M | $-350.1M |
| Net Change in Cash | $-119.5M | $226.1M | $-306.9M | $156.4M | $150.2M | $-62.0M | $63.3M | $-51.4M |
| Free Cash Flow | $696.6M | $540.5M | $187.4M | $380.0M | $319.2M | $276.0M | $169.0M | $382.2M |