CDW 2015 Annual Report Download - page 105

Download and view the complete annual report

Please find page 105 of the 2015 CDW annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 137

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137

Table of Contents
CDW CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
18. Selected Quarterly Financial Results (unaudited)
Year Ended December 31, 2015
(in millions, except per-share amounts)
First Quarter
Second Quarter
Third Quarter
Fourth Quarter
Net Sales Detail:
Corporate:
Medium/Large
$ 1,313.9
$ 1,492.1
$ 1,458.9
$ 1,493.4
Small Business
260.1
269.3
265.6
263.2
Total Corporate
1,574.0
1,761.4
1,724.5
1,756.6
Public:
Government
288.6
385.0
488.6
513.7
Education
343.6
546.1
579.0
338.3
Healthcare
373.6
443.1
400.5
425.3
Total Public
1,005.8
1,374.2
1,468.1
1,277.3
Other
175.4
178.4
308.5
384.5
Net sales
$ 2,755.2
$ 3,314.0
$ 3,501.1
$ 3,418.4
Gross profit
$ 456.5
$ 534.5
$ 567.2
$ 557.6
Income from operations
151.6
205.9
204.6
179.9
Net income
54.7
108.2
150.9
89.3
Net income per common share (1) :
Basic
0.32
0.63
0.89
0.53
Diluted
0.32
0.63
0.88
0.52
Cash dividends declared per common share
$ 0.0675
$ 0.0675
$ 0.0675
$ 0.1075
Year Ended December 31, 2014
(in millions, except per-share amounts)
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
Cash dividends declared per common share
$ 0.0425
$ 0.0425
$ 0.0425
$ 0.0675
103