PC Connection, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $83.7M | $87.1M | $83.3M | $89.2M | $69.9M | $55.8M | $82.1M | $64.6M |
| Depreciation & Amortization | $10.5M | $11.8M | $11.4M | $10.8M | $11.0M | $12.4M | $12.1M | $12.6M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.3M | $1.5M |
| Stock-Based Compensation | $9.3M | $8.5M | $7.0M | $5.7M | $4.2M | $2.7M | $1.9M | $1.1M |
| Net Cash from Operating Activities | $65.4M | $173.9M | $198.0M | $34.9M | $57.8M | $36.1M | $36.6M | $86.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $7.4M | $7.6M | $9.6M | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $42.8M | $-115.3M | $-160.2M | $-9.1M | $-8.7M | $-11.0M | $-25.7M | $-21.2M |
| Financing Activities | ||||||||
| Dividends Paid | $15.3M | $10.5M | $8.4M | $8.9M | $34.6M | $8.4M | $8.5M | $9.1M |
| Stock Repurchases | $76.3M | $12.4M | $5.4M | — | — | $10.2M | $4.5M | $15.4M |
| Net Cash from Financing Activities | $-93.4M | $-25.2M | $-15.7M | $-11.2M | $-36.4M | $-19.5M | $-12.6M | $-23.9M |
| Net Change in Cash | $14.9M | $33.4M | $22.0M | $14.6M | $12.7M | $5.6M | $-1.6M | $41.7M |
| Free Cash Flow | $58.0M | $166.3M | $188.4M | — | — | — | — | — |