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Table of Contents CDW CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
84
Consolidating Statement of Operations
Year Ended December 31, 2011
(in millions) Parent
Guarantor
Subsidiary
Issuer
Guarantor
Subsidiaries
Non-Guarantor
Subsidiary
Co-Issuer
Consolidating
Adjustments
Consolidated
Net sales
$
—
$
—
$
9,222.4
$
380.0
$
—
$
—
$
9,602.4
Cost of sales —
—
7,688.8
330.1
—
—
8,018.9
Gross profit —
—
1,533.6
49.9
—
—
1,583.5
Selling and administrative expenses —
111.7
849.2
29.2
—
—
990.1
Advertising expense —
—
119.0
3.7
—
—
122.7
(Loss) income from operations —
(
111.7
)
565.4
17.0
—
—
470.7
Interest (expense) income, net —
(
324.5
)
0.2
0.1
—
—
(
324.2
)
Net loss on extinguishments of long-
term debt —
(
118.9
)
—
—
—
—
(
118.9
)
Management fee —
9.2
—
(
9.2
)
—
—
—
Other income (expense), net —
0.4
0.5
(0.2
)
—
—
0.7
(Loss) income before income taxes —
(
545.5
)
566.1
7.7
—
—
28.3
Income tax benefit (expense) —
215.1
(222.4
)
(3.9
)
—
—
(
11.2
)
(Loss) income before equity in
earnings of subsidiaries —
(
330.4
)
343.7
3.8
—
—
17.1
Equity in earnings of subsidiaries
17.1
347.5
—
—
—
(
364.6
)
—
Net income
$
17.1
$
17.1
$
343.7
$
3.8
$
—
$
(
364.6
)
$
17.1