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Table of Contents CDW CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Selected Segment Financial Information
The following table presents information about the Company’s segments for the years ended December 31, 2014, 2013 and 2012 :
(1) Includes $75.0 million of IPO- and secondary-offering related expenses, as follows: Corporate $26.4 million ; Public $14.4 million ; Other $3.6
million ; and Headquarters $30.6 million .
Major Customers, Geographic Areas, and Product Mix
Net sales to the federal government were $884.2 million , $764.4 million and $964.7 million and accounted for approximately 7% , 7%
and 10% of total net sales in 2014, 2013 and 2012, respectively. Net sales to customers outside of the U.S., primarily in Canada, were
approximately 4% of the Company's total net sales in 2014, 2013 and 2012. Approximately 1% of the Company’s long-lived assets
were located outside of the U.S. as of December 31, 2014 and 2013.
The following table presents net sales by major category for the years ended December 31, 2014, 2013 and 2012 . Categories are based
upon internal classifications. Amounts for the years ended December 31, 2013 and 2012 have been reclassified for certain changes in
individual product classifications to conform to the presentation for the year ended December 31, 2014 .
91
(in millions) Corporate
Public
Other
Headquarters
Total
2014:
Net sales
$
6,475.5
$
4,879.4
$
719.6
$
—
$
12,074.5
Income (loss) from operations
439.8
313.2
32.9
(112.9
)
673.0
Depreciation and amortization expense
(96.3
)
(43.8
)
(8.8
)
(59.0
)
(207.9
)
2013:
Net sales
$
5,960.1
$
4,164.5
$
644.0
$
—
$
10,768.6
Income (loss) from operations
(1)
363.3
246.5
27.2
(128.4
)
508.6
Depreciation and amortization expense
(97.3
)
(44.0
)
(8.6
)
(58.3
)
(208.2
)
2012:
Net sales
$
5,512.8
$
4,023.0
$
592.4
$
—
$
10,128.2
Income (loss) from operations
349.0
246.7
18.6
(103.7
)
510.6
Depreciation and amortization expense
(97.6
)
(44.0
)
(9.3
)
(59.3
)
(210.2
)
Year Ended
December 31, 2014
Year Ended
December 31, 2013
Year Ended
December 31, 2012
Dollars in
Millions
Percentage
of Total Net
Sales
Dollars in
Millions
Percentage
of Total Net
Sales
Dollars in
Millions
Percentage
of Total Net
Sales
Notebooks/Mobile Devices
$
2,352.3
19.5
%
$
1,698.4
15.8
%
$
1,462.8
14.4
%
NetComm Products
1,615.9
13.4
1,486.3
13.8
1,351.5
13.3
Enterprise and Data Storage
(Including Drives)
1,024.3
8.5
999.2
9.3
981.5
9.7
Other Hardware
4,549.2
37.6
4,178.5
38.8
4,075.7
40.3
Software
2,076.7
17.2
1,993.1
18.5
1,877.7
18.5
Services
371.4
3.1
332.7
3.1
285.0
2.8
Other
(1)
84.7
0.7
80.4
0.7
94.0
1.0
Total net sales
$
12,074.5
100.0
%
$
10,768.6
100.0
%
$
10,128.2
100.0
%
(1)
Includes items such as delivery charges to customers and certain commission revenue.