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Table of Contents CDW CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
93
Condensed Consolidating Balance Sheet
December 31, 2014
(in millions) Parent
Guarantor
Subsidiary
Issuer
Guarantor
Subsidiaries
Non-Guarantor
Subsidiary
Co-Issuer
Consolidating
Adjustments
Consolidated
Assets
Current assets:
Cash and cash equivalents
$
—
$
346.4
$
—
$
24.6
$
—
$
(
26.5
)
$
344.5
Accounts receivable, net —
—
1,479.1
82.0
—
—
1,561.1
Merchandise inventory —
—
333.9
3.6
—
—
337.5
Miscellaneous receivables —
56.1
93.3
6.2
—
—
155.6
Prepaid expenses and other —
11.0
46.0
1.5
—
(
3.8
)
54.7
Total current assets —
413.5
1,952.3
117.9
—
(
30.3
)
2,453.4
Property and equipment, net —
80.5
55.5
1.2
—
—
137.2
Equity investments —
86.7
—
—
—
—
86.7
Goodwill —
751.8
1,439.0
26.8
—
—
2,217.6
Other intangible assets, net —
320.0
843.6
5.2
—
—
1,168.8
Deferred financing costs, net —
33.0
—
—
—
—
33.0
Other assets
4.3
3.2
0.4
1.4
—
(
6.1
)
3.2
Investment in and advances to
subsidiaries
932.2
2,784.5
—
—
—
(
3,716.7
)
—
Total assets
$
936.5
$
4,473.2
$
4,290.8
$
152.5
$
—
$
(
3,753.1
)
$
6,099.9
Liabilities and Shareholders’
Equity
Current liabilities:
Accounts payable-trade
$
—
$
23.9
$
671.9
$
34.7
$
—
$
(
26.5
)
$
704.0
Accounts payable-inventory
financing —
—
332.1
—
—
—
332.1
Current maturities of long-term
debt —
15.4
—
—
—
—
15.4
Deferred revenue —
—
79.9
1.4
—
—
81.3
Accrued expenses —
137.8
193.6
7.9
—
(
4.1
)
335.2
Total current liabilities —
177.1
1,277.5
44.0
—
(
30.6
)
1,468.0
Long-term liabilities:
Debt —
3,174.6
—
—
—
—
3,174.6
Deferred income taxes —
146.7
331.3
1.3
—
(
4.3
)
475.0
Other liabilities —
42.6
3.7
1.0
—
(
1.5
)
45.8
Total long-term liabilities —
3,363.9
335.0
2.3
—
(
5.8
)
3,695.4
Total shareholders’ equity
936.5
932.2
2,678.3
106.2
—
(
3,716.7
)
936.5
Total liabilities and shareholders'
equity
$
936.5
$
4,473.2
$
4,290.8
$
152.5
$
—
$
(
3,753.1
)
$
6,099.9