CDW 2004 Annual Report Download - page 22

Download and view the complete annual report

Please find page 22 of the 2004 CDW annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 78

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78

Item 6. Selected Financial Data
14
CDW Corporation and Subsidiaries
Selected Financial Data
(in thousands, except per share amounts)
Year Ended December 31,
2004 2003 2002 2001 2000
Income Statement Data:
Net sales $ 5,737,774 $ 4,664,616 $ 4,264,579 $ 3,961,545 $ 3,842,452
Income from operations $ 392,759 $ 284,458 $ 298,178 $ 268,198 $ 259,608
Net income $ 241,445 $ 175,186 (1) $ 185,249 $ 168,686 $ 162,269
Earnings per share:
Basic $ 2.90 $ 2.10 (1) $ 2.18 $ 1.97 $ 1.87
Diluted $ 2.79 $ 2.03 (1) $ 2.10 $ 1.89 $ 1.79
Dividends per share $ 0.36 $ 0.30 $ 0.00 $ 0.00 $ 0.00
December 31,
2004 2003 2002 2001 2000
Financial Position:
Cash, cash equivalents and
marketable securities $ 603,623 $ 562,360 $ 504,614 $ 394,381 $ 202,621
Total assets $ 1,520,935 $ 1,311,632 $ 1,095,664 $ 937,029 $ 748,437
Total debt and capitalized
lease obligations $ - $ - $ - $ - $ -
(1) Includes $22.3 million ($13.5 million after tax) of transaction and integration expenses recorded in connection
with the Micro Warehouse transactions. These expenses impacted basic and diluted earnings per share by
$0.16 per share.