CDW Cash Flow Statement
NASDAQ: CDWConsumer DiscretionaryCatalog/Specialty DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
CDW free cash flow
In fiscal 2025, CDW generated $1.21 billion of operating cash flow and spent $117.1 million on capital expenditures. That left free cash flow of $1.09 billion, a free-cash-flow margin of 4.9% of revenue. Free cash flow was down 5.8% from the prior year's $1.15 billion.
CDW returned $981.6 million to shareholders: $328.6 million in dividends and $653.0 million in share repurchases, equal to 90% of free cash flow. Free cash flow covered dividend payments 3.3 times.
Summary generated from market data by MetaCap's automated system. Methodology
CDW cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 1.07B | 1.08B | 1.10B | 1.11B | 988.60M | 788.50M | 736.80M | 643.00M | 523.10M | 425.10M |
| Net Income growth (YoY) | -1.04% | -2.40% | -0.92% | +12.74% | +25.38% | +7.02% | +14.59% | +22.92% | +23.05% | +5.46% |
| Depreciation & Amortization | 295.60M | 275.30M | 270.70M | 290.60M | 191.20M | 425.60M | 267.10M | 265.60M | 260.90M | 254.50M |
| Stock-Based Compensation | 83.60M | 64.70M | 93.70M | 91.10M | 72.60M | 42.50M | 48.50M | 40.70M | 43.70M | 39.20M |
| Change in Working Capital | -286.30M | -162.70M | 118.80M | -166.60M | -263.60M | -25.50M | -214.60M | -115.50M | -6.20M | -73.60M |
| Operating Cash Flow | 1.21B | 1.28B | 1.60B | 1.34B | 784.60M | 1.31B | 1.03B | 905.90M | 777.70M | 604.00M |
| Capital Expenditures | -117.10M | -122.60M | -148.20M | -127.80M | -100.00M | -158.00M | -236.30M | -86.10M | -81.10M | -63.50M |
| Investing Cash Flow | 70.20M | -659.20M | -229.60M | -164.50M | -2.77B | -201.00M | -331.40M | -86.10M | -81.10M | -65.90M |
| Dividends Paid | -328.60M | -332.10M | -321.50M | -282.60M | -234.80M | -219.60M | -183.40M | -139.40M | -106.90M | -78.70M |
| Share Repurchases | -653.00M | -500.00M | -500.00M | 0 | -1.50B | -340.60M | -657.20M | -522.30M | -534.00M | -367.40M |
| Debt Issued | 592.50M | 1.20B | 0 | 0 | 3.92B | 1.30B | 600.00M | 0 | 2.08B | 1.48B |
| Debt Repaid | -211.10M | 0 | -150.00M | -635.50M | -11.20M | -21.40M | 0 | 0 | -2.12B | -1.49B |
| Financing Cash Flow | -1.18B | -686.90M | -1.10B | -1.10B | 832.80M | 138.80M | -749.80M | -754.80M | -818.70M | -304.60M |
| Net Change in Cash | 111.20M | -81.00M | 273.50M | 57.10M | -1.15B | 1.26B | -51.80M | 61.60M | -119.50M | 226.10M |
| Free Cash Flow | 1.09B | 1.15B | 1.45B | 1.21B | 684.60M | 1.16B | 790.90M | 819.80M | 696.60M | 540.50M |
This table shows 10 annual periods of CDW's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow CDW's reporting calendar. What is a cash flow statement?