← PC CONNECTION INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $48.1m | $54.9m | $64.6m | $82.1m | $55.8m | $69.9m | $89.2m | $83.3m | $87.1m | $83.7m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $54.9m | $64.6m | $82.1m | $55.8m | $69.9m | $89.2m | $83.3m | $87.1m | $83.7m | |
| Depreciation, Depletion and Amortization | $9.2m | $10.3m | $12.6m | $12.1m | $12.4m | $11.0m | $10.8m | $11.4m | $11.8m | $10.5m | |
| Amortization of Intangible Assets | $1.3m | $1.6m | $1.5m | $1.3m | $1.2m | $1.2m | $1.2m | $1.2m | $1.2m | $1.2m | |
| Deferred Income Tax Expense (Benefit) | $3.5m | ($3.9m) | $1.1m | $3.0m | ($1.6m) | $753k | ($1.3m) | ($2.1m) | ($778k) | $4.8m | |
| Share-based Payment Arrangement, Noncash Expense | $1.0m | $741k | $1.1m | $1.9m | $2.7m | $4.2m | $5.7m | $7.0m | $8.5m | $9.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $737k | $613k | $638k | $913k | $1.4m | $1.8m | $2.2m | $3.0m | $3.4m | $3.0m | |
| Share-based Payment Arrangement, Expense | $1.0m | — | — | — | — | — | — | $7.0m | $8.5m | $9.3m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($92k) | ($24k) | ($51k) | ($213k) | ($28k) | $36k | ($17k) | ($572k) | ($58k) | ($44k) | |
| Income Tax Expense (Benefit) | $32.3m | $22.8m | $24.1m | $30.6m | $17.4m | $26.6m | $32.4m | $29.8m | $30.4m | $30.0m | |
| Other Nonoperating Income (Expense) | — | — | $3.0m | $707k | $1.1m | $5k | $1.1m | $10.0m | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $33.8m | $39.5m | ($14.9m) | $102.0m | $63.6m | $1.3m | $6.0m | ($1.6m) | $6.5m | $38.4m | |
| Increase (Decrease) in Inventories | ($12.4m) | $16.2m | $23.3m | $5.5m | $16.2m | $65.7m | $2.1m | ($84.5m) | ($29.1m) | $48.5m | |
| Increase (Decrease) in Accounts Payable | ($3.0m) | $15.8m | $5.7m | $35.0m | $32.5m | $14.8m | ($49.1m) | $31.1m | $36.5m | $38.1m | |
| Goodwill | $73.6m | $73.6m | $73.6m | $73.6m | $73.6m | $73.6m | $73.6m | $73.6m | $73.6m | $73.6m | |
| Investment Income, Interest | — | — | — | — | $168k | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $135k | $1.8m | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $33.6m | $19.3m | $86.8m | $36.6m | $36.1m | $57.8m | $34.9m | $198.0m | $173.9m | $65.4m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $11.9m | $11.8m | $21.2m | $25.7m | $11.0m | $10.3m | $9.1m | $9.6m | $7.6m | $7.4m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $43.0m | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($54.9m) | ($11.8m) | ($21.2m) | ($25.7m) | ($11.0m) | ($8.7m) | ($9.1m) | ($160.2m) | ($115.3m) | $42.8m | |
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | — | — | $15.4m | $4.5m | $10.2m | — | — | $5.4m | $12.4m | $76.3m | |
| Payments of Ordinary Dividends, Common Stock | $9.0m | $9.1m | $8.5m | $8.4m | $8.4m | $26.2m | $8.9m | $8.4m | $10.5m | $15.3m | |
| Dividends Payable, Current | — | — | $8.5m | $8.4m | $8.4m | — | — | — | — | — | |
| Dividends Payable | $9.0m | $9.1m | $8.5m | $8.4m | $8.4m | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($9.7m) | ($6.7m) | ($23.9m) | ($12.6m) | ($19.5m) | ($36.4m) | ($11.2m) | ($15.7m) | ($25.2m) | ($93.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($31.0m) | $810k | $41.7m | ($1.6m) | $5.6m | $12.7m | $14.6m | $22.0m | $33.4m | $14.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $91.7m | $90.1m | $95.7m | $108.3m | $122.9m | $145.0m | $178.3m | $193.2m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | $4k | $24k | $6k | — | |
| Income Taxes Paid, Net | $29.7m | $28.9m | $19.9m | $28.5m | $19.4m | $21.5m | $33.7m | $41.7m | $29.3m | $29.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.