CDW Corp.
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.23B | $15.19B | $13.98B | $12.99B | $12.07B | $10.77B | $10.12B | $9.60B |
| Corporate | $7.12B | $6.57B | $5.99B | $5.60B | $5.24B | $4.71B | $4.46B | $4.23B |
| Small Business | $1.37B | $1.26B | $1.18B | $1.13B | $1.07B | $987.8M | $933.7M | $901.6M |
| Government | $2.02B | $1.98B | $1.82B | $1.68B | $1.56B | $1.45B | $1.48B | $1.50B |
| Education | $2.75B | $2.61B | $2.43B | $2.25B | $2.06B | $1.79B | $1.55B | $1.45B |
| Healthcare | $1.73B | $1.67B | $1.59B | $1.52B | $1.40B | $1.19B | $1.09B | $960.3M |
| Other | $1.24B | $1.09B | $977.7M | $817.9M | $744.2M | $645.3M | $601.0M | $563.2M |
| Cost of Revenue | $13.53B | $12.38B | $11.34B | $10.87B | $10.15B | $9.01B | $8.46B | $8.02B |
| Gross Profit | $2.71B | $2.45B | $2.33B | $2.12B | $1.92B | $1.76B | $1.67B | $1.58B |
| Gross Margin | 16.7% | 16.1% | 16.7% | 16.3% | 15.9% | 16.3% | 16.5% | 16.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.72B | $1.41B | $1.35B | $1.23B | $1.11B | $1.12B | $1.03B | $990.1M |
| Operating Income | $987.3M | $866.5M | $820.0M | $742.0M | $673.0M | $508.6M | $510.6M | $470.7M |
| Operating Margin | 6.1% | 5.7% | 5.9% | 5.7% | 5.6% | 4.7% | 5.0% | 4.9% |
| Interest Expense | — | — | — | — | — | $250.1M | $307.4M | $324.2M |
| Pretax Income | $840.5M | $660.7M | $673.2M | $647.0M | $387.7M | $195.5M | $186.1M | $28.3M |
| Income Tax Expense | $197.5M | $137.6M | $248.1M | $243.9M | $142.8M | $62.7M | $67.1M | $11.2M |
| Net Income | $643.0M | $523.1M | $425.1M | $403.1M | $244.9M | $132.8M | $119.0M | $17.1M |
| Net Margin | 4.0% | 3.4% | 3.0% | 3.1% | 2.0% | 1.2% | 1.2% | 0.2% |
| EPS (Basic) | $4.26 | $3.37 | $2.60 | $2.37 | $1.44 | $0.85 | $0.82 | $0.12 |
| EPS (Diluted) | $4.19 | $3.31 | $2.56 | $2.35 | $1.42 | $0.84 | $0.82 | $0.12 |
| Shares Outstanding (Basic) | 150.9M | 155.4M | 163.6M | 170.3M | 170.6M | 156.6M | 145.1M | 144.8M |
| Shares Outstanding (Diluted) | 153.6M | 158.2M | 166.0M | 171.8M | 172.8M | 158.7M | 145.8M | 144.9M |
| Dividends Per Share | $0.93 | $0.69 | $0.48 | $0.31 | $0.20 | $0.04 | $0.00 | $0.00 |