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Table of Contents CDW CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
104
19.
Selected Quarterly Financial Results (unaudited)
(in millions, except per-share amounts) 2014
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Net Sales Detail:
Corporate:
Medium/Large
$
1,274.8
$
1,395.4
$
1,374.8
$
1,440.3
Small Business
230.8
260.8
247.9
250.7
Total Corporate
1,505.6
1,656.2
1,622.7
1,691.0
Public:
Government
254.2
313.1
441.3
440.8
Education
321.6
527.0
632.8
342.6
Healthcare
394.1
431.5
394.7
385.7
Total Public
969.9
1,271.6
1,468.8
1,169.1
Other
176.8
178.2
174.6
190.0
Net sales
$
2,652.3
$
3,106.0
$
3,266.1
$
3,050.1
Gross profit
$
425.2
$
496.9
$
507.3
$
491.9
Income from operations
135.8
188.2
184.7
164.3
Net income
50.9
86.6
55.6
51.8
Net income per common share
(1)
:
Basic
0.30
0.51
0.33
$
0.30
Diluted
0.30
0.50
0.32
$
0.30
(in millions, except per-share amounts) 2013
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Net Sales Detail:
Corporate:
Medium/Large
(2)
$
1,180.5
$
1,308.5
$
1,241.3
$
1,322.3
Small Business
(2)
223.4
228.9
224.5
230.7
Total Corporate
1,403.9
1,537.4
1,465.8
1,553.0
Public:
Government
252.3
295.7
375.3
327.3
Education
232.2
420.6
513.4
282.8
Healthcare
362.3
366.3
355.9
380.4
Total Public
846.8
1,082.6
1,244.6
990.5
Other
161.0
159.3
153.9
169.8
Net sales
$
2,411.7
$
2,779.3
$
2,864.3
$
2,713.3
Gross profit
$
402.0
$
451.6
$
458.4
$
448.3
Income from operations
(3)
120.1
153.6
92.9
142.0
Net income (loss)
(3)
28.3
46.7
(2.2
)
60.0
Net income (loss) per common share
(1)(3)
:
Basic
0.19
0.32
(0.01
)
0.35
Diluted
0.19
0.32
(0.01
)
0.35
(1) Basic and diluted net income (loss) per share are computed independently for each of the quarters presented. Therefore, the
sum of quarterly basic and diluted per share information may not equal annual basic and diluted net income (loss) per share.