CDW Corporation (CDW) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 8.97B | 8.5B | 7.78B | 7.84B | 7.65B | 7.37B | 7.66B | 7.04B | 6.63B | 6.71B | 6.46B | 6.49B | 6.28B | 6.56B | 6.9B | 7.04B | 6.87B | 6.48B | 5.29B | 5.42B |
| Cash & Short-Term Investments | 578.6M | 618.7M | 452.9M | 481M | 688.1M | 717.7M | 1.16B | 665.3M | 803.8M | 588.7M | 440.7M | 203.9M | 279.4M | 315.2M | 384.6M | 541.6M | 386.9M | 258.1M | 245.1M | 501.2M |
| Cash Only | 578.6M | 618.7M | 452.9M | 481M | 471.4M | 503.5M | 946.7M | 665.3M | 803.8M | 588.7M | 440.7M | 203.9M | 279.4M | 315.2M | 384.6M | 541.6M | 386.9M | 258.1M | 245.1M | 501.2M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 216.7M | 214.2M | 211.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 7.24B | 6.87B | 6.51B | 6.19B | 5.86B | 5.65B | 5.41B | 5.26B | 4.79B | 5.04B | 4.91B | 5.02B | 4.73B | 4.95B | 5.04B | 4.94B | 5.06B | 4.93B | 3.96B | 3.8B |
| Days Sales Outstanding | 111.73 | 111.63 | 101.77 | 91.69 | 99.57 | 98.1 | 89.04 | 84.37 | 91.8 | 91.17 | 81.1 | 78.83 | 85.38 | 84.47 | 73.82 | 74.05 | 75.63 | 73.86 | 67.32 | 65.71 |
| Inventory | 820.6M | 563.4M | 504.7M | 761.6M | 720.2M | 605.3M | 682.5M | 724.8M | 670.8M | 668.1M | 706.4M | 789.8M | 781.1M | 800.2M | 914.5M | 1.02B | 1.05B | 927.6M | 844.4M | 888.7M |
| Days Inventory Outstanding | 13.87 | 11.54 | 13 | 14.24 | 14.63 | 14.7 | 15 | 14.98 | 15.99 | 16.36 | 15.64 | 16.08 | 17.73 | 18.53 | 17.86 | 18.96 | 18.41 | 17.87 | 18.18 | 17.44 |
| Other Current Assets | 330.7M | 452M | 312.7M | 408M | 385.3M | 404.4M | 406.6M | 389.4M | 366.6M | 410.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 7.49B | 7.53B | 7.42B | 7.43B | 7.37B | 7.31B | 6.72B | 6.6B | 6.56B | 6.58B | 6.42B | 6.5B | 6.49B | 6.57B | 6.58B | 6.61B | 6.64B | 6.72B | 3.72B | 3.57B |
| Property, Plant & Equipment | 302.6M | 308.2M | 280M | 292M | 301.2M | 312.2M | 322.3M | 317.8M | 325.3M | 324.3M | 328M | 331.6M | 333.1M | 338M | 341.8M | 349.2M | 359.6M | 351.4M | 301.5M | 300.8M |
| Fixed Asset Turnover | 18.60x | 18.74x | 20.06x | 20.15x | 16.95x | 16.35x | 17.24x | 16.87x | 15.00x | 15.39x | 17.07x | 16.93x | 15.21x | 16.00x | 17.99x | 17.34x | 16.73x | 16.96x | 17.60x | 17.02x |
| Goodwill | 4.65B | 4.66B | 4.64B | 4.65B | 4.64B | 4.62B | 4.42B | 4.41B | 4.41B | 4.41B | 4.42B | 4.43B | 4.37B | 4.34B | 4.33B | 4.37B | 4.38B | 4.38B | 2.8B | 2.73B |
| Intangible Assets | 1.14B | 1.19B | 1.23B | 1.27B | 1.31B | 1.36B | 1.26B | 1.29B | 1.33B | 1.37B | 1.38B | 1.42B | 1.46B | 1.49B | 1.53B | 1.56B | 1.58B | 1.63B | 503.3M | 487.3M |
| Long-Term Investments | 1.27B | 1.3B | 1.16B | 1.1B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 122.9M | 73.3M | 109.9M | 110.9M | 1.12B | 1.02B | 708.6M | 573M | 492.7M | 472.2M | 286.6M | 313.5M | 334.6M | 396.1M | 385.6M | 337.9M | 322.3M | 358.9M | 110M | 49.3M |
| Total Assets | 16.45B | 16.03B | 15.2B | 15.27B | 15.02B | 14.68B | 14.38B | 13.64B | 13.19B | 13.28B | 12.88B | 12.99B | 12.77B | 13.13B | 13.48B | 13.65B | 13.51B | 13.2B | 9.01B | 8.99B |
| Asset Turnover | 0.35x | 0.35x | 0.38x | 0.39x | 0.35x | 0.36x | 0.39x | 0.40x | 0.37x | 0.38x | 0.44x | 0.44x | 0.39x | 0.41x | 0.46x | 0.45x | 0.45x | 0.50x | 0.59x | 0.57x |
| Asset Growth % | 9.55% | 9.2% | 5.71% | 11.93% | 13.84% | 10.49% | 11.66% | 5.03% | 3.33% | 1.17% | -4.45% | -4.89% | -5.52% | -0.51% | 49.54% | 51.85% | 49.27% | 41.25% | -2.3% | 2.76% |
| Total Current Liabilities | 7.7B | 7.23B | 5.59B | 5.81B | 5.78B | 5.47B | 5.46B | 6.21B | 5.26B | 5.44B | 4.78B | 5B | 4.78B | 4.95B | 5.36B | 5.42B | 5.46B | 5.1B | 3.83B | 3.77B |
| Accounts Payable | 4.56B | 4.22B | 3.68B | 3.8B | 3.63B | 3.38B | 3.18B | 3.12B | 2.74B | 2.88B | 2.62B | 2.87B | 2.64B | 2.82B | 3.25B | 3.32B | 3.2B | 3.11B | 2.28B | 2.21B |
| Days Payables Outstanding | 88.02 | 85.36 | 76.75 | 71.37 | 77.37 | 74.88 | 67.13 | 62.88 | 67.15 | 65.44 | 57.32 | 56.41 | 61.27 | 65.61 | 60.63 | 59.54 | 58.63 | 54.41 | 47.08 | 45.44 |
| Short-Term Debt | 1.36B | 1.39B | 340.1M | 9.5M | 230.6M | 235.8M | 423.2M | 1.2B | 604.7M | 613.1M | 40M | 658.2M | 569.7M | 56.3M | 492.4M | 469.2M | 502.7M | 412.8M | 311.9M | 347.5M |
| Deferred Revenue (Current) | 597.3M | 534M | 477M | 489.9M | 520.6M | 491M | 474.7M | 451.4M | 469.5M | 487.4M | 438.9M | 442.1M | 495.7M | 485.5M | 437.7M | 431.3M | 443.8M | 402.9M | 304M | 325.7M |
| Other Current Liabilities | 761.9M | 677.3M | 698.9M | 832.6M | 777.7M | 811.8M | 810.5M | 804.6M | 814.8M | 857.3M | 836.4M | 803.6M | 804M | 861M | 905.7M | 868.3M | 878.9M | 816.5M | 664.5M | 597.1M |
| Current Ratio | 1.16x | 1.18x | 1.39x | 1.35x | 1.32x | 1.35x | 1.40x | 1.13x | 1.26x | 1.23x | 1.35x | 1.30x | 1.31x | 1.33x | 1.29x | 1.30x | 1.26x | 1.27x | 1.38x | 1.44x |
| Quick Ratio | 1.06x | 1.10x | 1.30x | 1.22x | 1.20x | 1.24x | 1.28x | 1.02x | 1.13x | 1.11x | 1.20x | 1.14x | 1.15x | 1.17x | 1.12x | 1.11x | 1.06x | 1.09x | 1.16x | 1.20x |
| Cash Conversion Cycle | 37.58 | 37.81 | 38.01 | 34.56 | 36.83 | 37.92 | 36.91 | 36.47 | 40.64 | 42.09 | 39.42 | 38.49 | 41.83 | 37.38 | 31.05 | 33.47 | 35.41 | 37.32 | 38.42 | 37.7 |
| Total Non-Current Liabilities | 6.2B | 6.2B | 7.06B | 6.99B | 6.91B | 6.85B | 6.57B | 5.26B | 5.79B | 5.8B | 6.28B | 6.38B | 6.42B | 6.58B | 6.79B | 7.13B | 7.16B | 7.4B | 4.34B | 4.17B |
| Long-Term Debt | 4.64B | 4.78B | 5.62B | 5.62B | 5.62B | 5.61B | 5.61B | 4.42B | 5.03B | 5.03B | 5.66B | 5.72B | 5.75B | 5.87B | 6.1B | 6.48B | 6.51B | 6.76B | 4.04B | 3.91B |
| Capital Lease Obligations | 149.7M | 157.8M | 128.8M | 136.3M | 140.6M | 149.1M | 158.7M | 161.7M | 167.5M | 164M | 168.8M | 173.6M | 171M | 175.2M | 180M | 179.3M | 190.6M | 184.2M | 159.4M | 161.5M |
| Deferred Tax Liabilities | 167.2M | 171.8M | 165.3M | 139.1M | 155M | 167.4M | 145.1M | 151.7M | 161.7M | 171.4M | 171.8M | 180.2M | 193M | 203.4M | 208.3M | 214.9M | 219.3M | 222.3M | 29.6M | 33.1M |
| Other Non-Current Liabilities | 1.2B | 1.06B | 1.12B | 1.09B | 995.9M | 927.8M | 657.5M | 517.5M | 436.3M | 432.9M | 281.1M | 300.6M | 307.4M | 336.1M | 302.5M | 255.7M | 231.4M | 235.4M | 114.7M | 68.2M |
| Total Liabilities | 13.9B | 13.42B | 12.66B | 12.8B | 12.7B | 12.33B | 12.03B | 11.46B | 11.05B | 11.24B | 11.07B | 11.37B | 11.2B | 11.53B | 12.15B | 12.55B | 12.62B | 12.49B | 8.17B | 7.94B |
| Total Debt | 6.15B | 6.33B | 6.09B | 5.77B | 5.99B | 5.99B | 6.19B | 5.79B | 5.8B | 5.81B | 5.87B | 6.55B | 6.49B | 6.1B | 6.77B | 7.13B | 7.21B | 7.35B | 4.51B | 4.42B |
| Net Debt | 5.57B | 5.71B | 5.64B | 5.29B | 5.52B | 5.49B | 5.24B | 5.12B | 5B | 5.22B | 5.43B | 6.35B | 6.21B | 5.78B | 6.39B | 6.59B | 6.82B | 7.09B | 4.26B | 3.92B |
| Debt / Equity | 2.41x | 2.43x | 2.40x | 2.34x | 2.58x | 2.55x | 2.63x | 2.66x | 2.71x | 2.84x | 3.24x | 4.06x | 4.14x | 3.80x | 5.11x | 6.45x | 8.07x | 10.42x | 5.39x | 4.21x |
| Debt / EBITDA | 16.35x | 12.53x | 11.79x | 11.69x | 13.74x | 12.53x | 11.24x | 11.52x | 14.67x | 11.55x | 10.78x | 13.71x | 15.24x | 11.75x | 12.50x | 14.08x | 15.73x | 18.83x | 10.38x | 10.61x |
| Net Debt / EBITDA | 14.81x | 11.31x | 10.91x | 10.72x | 12.66x | 11.48x | 9.52x | 10.20x | 12.64x | 10.38x | 9.97x | 13.28x | 14.58x | 11.14x | 11.79x | 13.01x | 14.88x | 18.17x | 9.81x | 9.40x |
| Interest Coverage | 6.80x | 7.31x | 8.08x | 7.42x | 6.32x | 7.22x | 8.86x | 8.26x | 6.39x | 8.14x | 8.31x | 7.07x | 6.14x | 7.42x | 7.37x | 7.54x | 6.90x | 7.62x | 10.63x | 11.46x |
| Total Equity | 2.56B | 2.61B | 2.54B | 2.47B | 2.32B | 2.35B | 2.35B | 2.17B | 2.14B | 2.04B | 1.81B | 1.61B | 1.57B | 1.6B | 1.33B | 1.11B | 893.1M | 705.7M | 837M | 1.05B |
| Equity Growth % | 10% | 10.77% | 8.1% | 13.44% | 8.62% | 15.19% | 29.8% | 34.82% | 36.32% | 27.39% | 36.5% | 45.83% | 75.67% | 127.19% | 58.42% | 5.47% | -23.69% | -45.59% | -32.42% | -0.64% |
| Book Value per Share | 19.73 | 19.95 | 19.27 | 18.63 | 17.40 | 17.51 | 17.42 | 16.04 | 15.73 | 15.03 | 13.32 | 11.85 | 11.43 | 11.67 | 9.67 | 8.09 | 6.53 | 5.12 | 6.00 | 7.40 |
| Total Shareholders' Equity | 2.56B | 2.61B | 2.54B | 2.47B | 2.32B | 2.35B | 2.35B | 2.17B | 2.14B | 2.04B | 1.81B | 1.61B | 1.57B | 1.6B | 1.33B | 1.11B | 893.1M | 705.7M | 837M | 1.05B |
| Common Stock | 1.2M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 1.3M | 1.4M | 1.4M |
| Retained Earnings | -1.33B | -1.27B | -1.31B | -1.37B | -1.4B | -1.32B | -1.35B | -1.48B | -1.47B | -1.53B | -1.69B | -1.86B | -1.85B | -1.76B | -1.97B | -2.2B | -2.41B | -2.57B | -2.4B | -2.16B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -120.1M | -99.8M | -106.5M | -86.3M | -142.9M | -160.1M | -108.3M | -135M | -133.4M | -124.6M | -149.5M | -124.8M | -142.8M | -152.4M | -187.6M | -139.3M | -103.1M | -94.4M | -97.5M | -83.2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |