CDW Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.07B | $1.08B | $1.10B | $1.11B | $988.6M | $788.5M | $736.8M | $643.0M |
| Depreciation & Amortization | $295.6M | $275.3M | $270.7M | $290.6M | $191.2M | $425.6M | $267.1M | $265.6M |
| Depreciation | $48.0M | $53.0M | $52.0M | $58.0M | $42.0M | $213.0M | $41.0M | $42.0M |
| Amortization | $248.0M | $222.0M | $219.0M | $233.0M | $149.0M | $212.0M | $219.0M | $223.0M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.21B | $1.28B | $1.60B | $1.34B | $784.6M | $1.31B | $1.03B | $905.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $117.1M | $122.6M | $148.2M | $127.8M | $100.0M | $158.0M | $236.3M | $86.1M |
| Business Acquisitions | $21.5M | $323.9M | $76.4M | $36.7M | $2.71B | $43.0M | $95.1M | $0 |
| Net Cash from Investing Activities | $70.2M | $-659.2M | $-229.6M | $-164.5M | $-2.77B | $-201.0M | $-331.4M | $-86.1M |
| Financing Activities | ||||||||
| Dividends Paid | $328.6M | $332.1M | $321.5M | $282.6M | $234.8M | $219.6M | $183.4M | $139.4M |
| Stock Repurchases | $653.0M | $500.0M | $500.0M | $0 | $1.50B | $340.6M | $657.2M | $522.3M |
| Net Cash from Financing Activities | $-1.18B | $-686.9M | $-1.10B | $-1.10B | $832.8M | $138.8M | $-749.8M | $-754.8M |
| Net Change in Cash | $111.2M | $-81.0M | $273.5M | $57.1M | $-1.15B | $1.26B | $-51.8M | $61.6M |
| Free Cash Flow | $1.09B | $1.15B | $1.45B | $1.21B | $684.6M | $1.16B | $790.9M | $819.8M |