PC Connection, Inc.

CNXN

CNXNPC Connection, Inc. US flag

NASDAQ Global Select

70.36

USD

-1.86

- -

1.77BMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	2,103	2,159	2,222	2,463	2,574	2,693	2,912	2,699	2,820	2,590	2,893	3,125	2,851	2,802	2,873
+ Sales & Services Revenue	2,103	2,159	2,222	2,463	2,574	2,693	2,912	2,699	2,820	2,590	2,893	3,125	2,851	2,802	2,873
- Cost of Revenue	1,838	1,877	1,929	2,140	2,233	2,321	2,530	2,288	2,369	2,171	2,428	2,599	2,339	2,282	2,333
+ Cost of Goods & Services	1,838	1,877	1,929	2,140	2,233	2,321	2,530	2,288	2,369	2,171	2,428	2,599	2,339	2,282	2,333
Gross Profit	265	282	293	323	341	371	382	411	451	419	465	526	512	520	539
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	208	219	225	244	255	280	301	324	339	346	361	399	399	416	428
+ Selling, General & Admin	192	202	207	224	234	256	301	324	339	346	341	378	378	395	409
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	16	17	18	20	22	24	- -	- -	- -	- -	20	21	21	21	19
Operating Income (Loss)	56	63	68	79	86	91	81	87	113	73	103	127	113	104	111
- Non-Operating (Income) Loss	9	9	9	8	7	10	4	-2	- -	- -	7	6	-1	-13	-2
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	-3	-1	- -	- -	- -	-10	-19	-14
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	3	1	- -	- -	- -	10	19	14
+ Other Non-Op (Income) Loss	9	9	9	8	7	10	4	1	1	- -	7	6	9	5	12
Pretax Income	47	55	59	71	78	80	78	89	113	73	97	122	113	117	114
- Income Tax Expense (Benefit)	19	21	24	29	32	32	23	24	31	17	27	32	30	30	30
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	29	33	36	43	47	48	55	65	82	56	70	89	83	87	84
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	29	33	36	43	47	48	55	65	82	56	70	89	83	87	84
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	29	33	36	43	47	48	55	65	82	56	70	89	83	87	84
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	29	33	36	43	47	48	55	65	82	56	70	89	83	87	84
EBIT	56	63	68	79	86	91	81	87	113	73	103	127	113	104	111
EBITDA	62	70	75	87	95	101	93	101	126	87	116	139	125	117	123
EBITDA Margin (%)	2.96	3.25	3.38	3.54	3.67	3.76	3.19	3.73	4.47	3.35	4	4.46	4.39	4.18	4.29
EBITA	56	63	68	79	86	91	81	87	113	73	103	127	113	104	111
Gross Margin (%)	12.59	13.07	13.19	13.13	13.25	13.78	13.12	15.23	16	16.17	16.06	16.84	17.95	18.55	18.77
Operating Margin (%)	2.68	2.93	3.06	3.21	3.33	3.37	2.79	3.21	4	2.82	3.58	4.08	3.95	3.72	3.88
Profit Margin (%)	1.37	1.53	1.61	1.73	1.82	1.79	1.88	2.39	2.91	2.15	2.42	2.86	2.92	3.11	2.91
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.4	0.38	0.4	0.4	- -	0.4	0.34	0.34	0.32	0.32	1.32	0.34	0.32	0.4	0.6
Depreciation Expense	6	7	7	8	9	10	12	14	13	14	12	12	13	13	12
Basic Weighted Avg Shares	27	26	26	26	26	27	27	27	26	26	26	26	26	26	26
Basic EPS, GAAP	1.08	1.25	1.37	1.63	1.77	1.81	2.05	2.42	3.12	2.13	2.67	3.4	3.17	3.31	3.28
Basic EPS from Cont Ops	1.08	1.25	1.37	1.63	1.77	1.81	2.05	2.42	3.12	2.13	2.67	3.4	3.17	3.31	3.28
Diluted Weighted Avg Shares	27	27	26	27	27	27	27	27	27	26	26	26	26	27	26
Diluted EPS, GAAP	1.07	1.24	1.35	1.61	1.76	1.8	2.04	2.41	3.1	2.12	2.65	3.37	3.15	3.29	3.27
Diluted EPS from Cont Ops	1.07	1.24	1.35	1.61	1.76	1.8	2.04	2.41	3.1	2.12	2.65	3.37	3.15	3.29	3.27

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	388	386	418	458	553	559	616	669	776	859	932	954	1,049	1,167	1,221
+ Cash, Cash Equivalents & STI	5	40	43	61	80	49	50	92	90	96	108	123	297	443	407
+ Cash & Cash Equivalents	5	40	43	61	80	49	50	92	90	96	108	123	145	178	193
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	152	264	213
+ Accounts & Notes Receiv	297	268	285	293	358	414	454	449	551	611	608	610	611	611	648
+ Accounts Receivable, Net	287	251	266	277	328	385	399	402	499	554	569	562	557	558	590
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	10	16	19	17	29	29	55	47	52	57	39	48	55	54	58
+ Inventories	77	70	79	91	103	91	107	119	125	141	207	209	124	95	144
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	77	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	70	79	91	103	91	107	119	125	141	207	209	124	95	144
+ Other ST Assets	9	9	11	13	12	5	6	10	11	11	10	12	16	18	23
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	80	82	82	82	86	127	132	136	161	156	151	146	140	133	130
+ Property, Plant & Equip, Net	23	26	28	28	32	39	41	52	78	74	71	67	61	56	48
+ Property, Plant & Equip	90	92	99	97	98	108	99	120	154	158	152	143	143	143	138
- Accumulated Depreciation	68	66	71	69	66	68	58	68	76	83	81	77	82	87	89
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	57	56	55	54	54	88	90	84	83	82	80	79	79	77	82
+ Total Intangible Assets	56	55	54	53	53	86	85	83	82	81	79	78	77	76	75
+ Goodwill	51	51	51	51	51	74	74	74	74	74	74	74	74	74	74
+ Other Intangible Assets	5	4	3	2	2	13	11	10	8	7	6	5	3	2	1
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	1	1	1	1	1	1	6	1	1	1	1	1	2	1	7
Total Assets	468	468	501	540	639	686	748	805	937	1,015	1,083	1,100	1,188	1,299	1,351
+ Payables & Accruals	175	162	162	165	222	230	232	242	281	301	323	260	290	331	377
+ Accounts Payable	131	126	125	125	167	178	194	202	236	267	282	233	264	300	338
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	6	8	9	8	10	3	6	8	8
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	44	36	37	40	55	52	32	33	36	26	31	24	20	23	31
+ ST Debt	6	1	- -	- -	- -	- -	- -	- -	4	4	3	3	2	2	1
+ ST Borrowings	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	1	1	- -	- -	- -	- -	- -	- -	4	4	3	3	2	2	1
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	16	18	23	37	48	48	36	38	42
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	8	9	14	28	33	33	24	26	28
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	8	9	9	8	15	15	12	12	14
Total Current Liabilities	181	163	162	165	222	230	248	260	309	342	375	311	328	371	420
+ LT Debt	1	- -	- -	- -	- -	- -	- -	- -	10	10	7	5	3	2	- -
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	1	- -	- -	- -	- -	- -	- -	- -	10	10	7	5	3	2	- -
+ Other LT Liabilities	12	14	19	21	25	22	18	20	21	27	19	18	16	16	20
+ Accrued Liabilities	9	11	16	19	22	20	16	17	20	19	19	18	16	15	20
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	3	3	3	2	3	3	2	2	1	9	- -	- -	1	1	- -
Total Noncurrent Liabilities	13	14	19	21	25	22	18	20	31	37	26	23	20	17	20
Total Liabilities	194	177	181	186	247	253	266	279	340	379	401	334	348	388	441
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	100	102	105	107	109	111	114	116	118	120	123	126	131	137	145
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	100	102	105	107	109	111	114	116	118	120	122	126	131	137	145
- Treasury Stock	9	16	16	16	16	16	16	31	36	46	46	46	51	64	141
+ Retained Earnings	182	205	230	263	299	338	384	441	515	562	606	686	761	837	906
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	274	291	320	354	392	433	482	526	597	636	682	766	841	911	910
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	274	291	320	354	392	433	482	526	597	636	682	766	841	911	910
Total Liabilities & Equity	468	468	501	540	639	686	748	805	937	1,015	1,083	1,100	1,188	1,299	1,351
Shares Outstanding	26	26	26	26	26	27	27	26	26	26	26	26	26	26	25
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	2	1	- -	- -	- -	- -	- -	- -	15	14	10	8	5	3	2
Net Debt	1	-40	-43	-61	-80	-49	-50	-92	-90	-96	-108	-123	-145	-178	-193
Net Debt to Equity	0.24	-13.7	-13.3	-17.21	-20.43	-11.35	-10.37	-17.44	-15.08	-15.03	-15.87	-16.04	-17.24	-19.57	-21.23
Tangible Common Equity Ratio	52.74	57.17	59.47	61.8	57.92	57.88	59.95	61.3	60.25	59.45	60.07	67.34	68.72	68.26	65.46
Current Ratio	2.15	2.36	2.58	2.78	2.49	2.43	2.48	2.58	2.51	2.51	2.49	3.07	3.2	3.14	2.9
Cash Conversion Cycle	36.3	34.72	32.97	33.55	35.03	36.31	36.65	40.71	43.44	54.56	56.8	59.1	57.39	44.43	42.68

Cash Flow Statement (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	29	33	36	43	47	48	55	65	82	56	70	89	83	87	84
+ Depreciation & Amortization	6	7	7	8	9	10	12	14	13	14	12	12	13	13	12
+ Non-Cash Items	6	4	6	3	4	4	-1	4	5	3	8	8	6	5	17
+ Stock-Based Compensation	1	1	1	1	1	1	1	1	2	3	4	6	7	8	9
+ Deferred Income Taxes	3	1	5	1	2	3	-4	1	3	-2	1	-1	-2	-1	5
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	3	2	1	1	1	- -	2	2	- -	2	3	3	1	-2	2
+ Chg in Non-Cash Work Cap	-46	26	-29	-18	-29	-29	-46	4	-64	-37	-33	-74	96	68	-47
+ (Inc) Dec in Accts Receiv	-57	26	-17	-11	-64	-34	-39	15	-102	-64	-1	-6	2	-7	-38
+ (Inc) Dec in Inventories	-3	8	-10	-12	-12	12	-16	-23	-5	-16	-66	-2	85	29	-49
+ (Inc) Dec in Prepaid Assets	-1	2	-3	2	- -	-1	-2	-1	-1	1	1	-2	-9	3	-4
+ Inc (Dec) in Accts Payable	14	-11	- -	3	48	-6	16	11	45	43	33	-64	19	42	49
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	-4	2	- -	- -	- -	- -	-1	1	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-5	70	20	35	31	34	19	87	37	36	58	35	198	174	65
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-11	-9	-8	-8	-13	-12	-12	-21	-26	-11	-10	-9	-10	-8	-7
+ Acq of Fixed Prod Assets	-11	-9	-8	-8	-12	-12	-12	-21	-26	-11	-10	-9	-10	-8	-7
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	-3	-8	- -	- -	- -	- -	- -	-15	-4	-10	- -	- -	-5	-12	-76
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-4	-8	- -	- -	- -	- -	- -	-15	-4	-10	- -	- -	-5	-12	-76
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-151	-108	50
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	251	314
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-151	-358	-264
+ Net Cash From Acq & Div	-5	- -	- -	- -	- -	-43	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-5	- -	- -	- -	- -	-43	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-16	-9	-8	-8	-13	-55	-12	-21	-26	-11	-9	-9	-160	-115	43
+ Dividends Paid	-11	-10	-10	-11	- -	-11	-9	-9	-8	-8	-35	-9	-8	-11	-15
+ Net Cash From Debt	4	-6	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	59	7	- -	- -	- -	- -	- -	1	- -	- -	- -	36	88	26	1
+ Repayments of Debt	-55	-13	-1	- -	- -	- -	- -	-1	- -	- -	- -	-36	-88	-26	-1
+ Other Financing Activities	- -	-1	2	1	1	1	2	1	- -	-1	-2	-2	-2	-2	-2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-9	-25	-9	-9	1	-10	-7	-24	-13	-19	-36	-11	-16	-25	-93
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-31	35	3	18	19	-31	1	42	-2	6	13	15	22	33	15
EBITDA	62	70	75	87	95	101	93	101	126	87	116	139	125	117	123
EBITDA Margin (%)	2.96	3.25	3.38	3.54	3.67	3.76	3.19	3.73	4.47	3.35	4	4.46	4.39	4.18	4.29
Free Cash Flow	-17	60	12	28	18	22	8	66	11	25	47	26	188	166	58
Net Cash Paid for Acquisitions	5	- -	- -	- -	- -	43	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	-16	61	12	28	18	22	8	66	11	25	47	26	188	166	58
Free Cash Flow to Equity	-12	54	11	28	19	22	8	66	11	25	48	26	188	166	58
Free Cash Flow per Basic Share	-0.62	2.29	0.46	1.06	0.68	0.82	0.28	2.46	0.42	0.96	1.81	0.98	7.17	6.32	2.28
Price/Free Cash Flow	49.43	3.87	24.05	15.13	13.81	16.51	22.65	7.39	21.14	26.42	16.71	28.21	8.56	10.12	20.33
Cash Flow to Net Income	-0.18	2.11	0.55	0.83	0.66	0.7	0.35	1.34	0.45	0.65	0.83	0.39	2.38	2	0.78
Capital Expenditures	-11	-9	-8	-8	-13	-12	-12	-21	-26	-11	-10	-9	-10	-8	-7