CDW 2006 Annual Report Download - page 25

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Item 6. Selected Financial Data
15
CDW Corporation and Subsidiaries
Selected Financial Data
(in thousands, except per share amounts)
Year Ended December 31,
2006
2005 2004 2003 2002
Income Statement Data:
Net sales $ 6,785,473 $ 6,291,845 $ 5,737,774 $ 4,664,616 $ 4,264,579
Income from operations $ 396,399 (1) $ 419,634 $ 392,759 $ 284,458 $ 298,178
Net income $ 266,080 (1) $ 272,092 $ 241,445 $ 175,186 (2) $ 185,249
Earnings per share:
Basic $ 3.37 (1) $ 3.35 $ 2.90 $ 2.10 (2) $ 2.18
Diluted $ 3.30 (1) $ 3.26 $ 2.79 $ 2.03 (2) $ 2.10
Dividends per share $ 0.52 $ 0.43 $ 0.36 $ 0.30 $ 0.00
December 31,
2006 2005 2004 2003 2002
Financial Position:
Cash, cash equivalents,
and marketable securities $ 391,596 $ 610,926 $ 603,623 $ 562,360 $ 504,614
Total assets $ 1,951,427 $ 1,649,056 $ 1,520,935 $ 1,311,632 $ 1,095,664
Total debt and capitalized
lease obligations $ 762 $ - $ - $ - $ -
(1) Includes one-time expense of $25.0 million ($15.4 million after-tax) for a negotiated settlement of litigation
involving the Company’s 2003 purchase of selected assets of Micro Warehouse. This expense impacted basic
and diluted earnings per share by $0.20 and $0.19, respectively.
(2) 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.