CDW Corporation
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $274.4M | $235.4M | $279.5M | $291.0M | $271.2M | $224.9M | $264.2M | $316.4M |
| Depreciation & Amortization | $75.3M | $74.9M | $74.1M | $73.3M | $73.3M | $74.9M | $69.5M | $69.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $-55.1M | $274.8M | $433.8M | $328.3M | $155.9M | $287.2M | $345.3M | $342.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $27.5M | $26.4M | $37.9M | $29.8M | $22.5M | $26.9M | $28.6M | $33.6M |
| Business Acquisitions | $300.0K | $0 | $16.5M | $0 | $0 | $5.0M | $323.7M | $0 |
| Net Cash from Investing Activities | $-27.9M | $-30.9M | $-54.5M | $-29.9M | $186.5M | $-31.9M | $-353.7M | $-244.9M |
| Financing Activities | ||||||||
| Dividends Paid | $79.8M | $81.1M | $81.7M | $81.8M | $82.3M | $82.8M | $83.1M | $82.7M |
| Stock Repurchases | $343.7M | $201.0M | $153.0M | $149.9M | $150.0M | $200.1M | $146.0M | $100.0M |
| Net Cash from Financing Activities | $-133.0M | $-273.2M | $-215.8M | $-319.5M | $-355.1M | $-294.1M | $-416.2M | $178.9M |
| Net Change in Cash | $-216.8M | $-39.0M | $165.8M | $-28.1M | $5.6M | $-32.1M | $-439.0M | $281.4M |
| Free Cash Flow | $-82.6M | $248.4M | $395.9M | $298.5M | $133.4M | $260.3M | $316.7M | $308.5M |