CDW Corp
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
CDW$169.36+2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
(dollars and shares in millions, except per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $618.7 | $503.5 |
| Short-term investments | — | 214.2 |
| Accounts receivable, net of allowance for credit losses of $65.2 and $43.3, respectively | 6,312.4 | 5,135.8 |
| Merchandise inventory | 563.4 | 605.3 |
| Miscellaneous receivables | 554.0 | 509.9 |
| Prepaid expenses and other | 452.0 | 404.4 |
| Total current assets | 8,500.5 | 7,373.1 |
| Operating lease right-of-use assets | 136.7 | 120.2 |
| Property and equipment, net | 171.5 | 192.0 |
| Goodwill | 4,662.3 | 4,620.4 |
| Other intangible assets, net | 1,186.4 | 1,356.6 |
| Accounts receivable and other assets, noncurrent | 1,370.8 | 1,016.1 |
| Total Assets | $16,028.2 | $14,678.4 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable-trade | $4,220.1 | $3,381.3 |
| Accounts payable-inventory financing | 352.6 | 355.2 |
| Current maturities of long-term debt | 1,007.5 | 235.8 |
| Contract liabilities | 534.0 | 491.0 |
| Accrued expenses and other current liabilities: | ||
| Compensation | 318.8 | 275.8 |
| Advertising | 176.1 | 137.7 |
| Sales and income taxes | 82.9 | 61.6 |
| Other | 534.1 | 536.0 |
| Total current liabilities | 7,226.1 | 5,474.4 |
| Long-term liabilities: | ||
| Debt | 4,622.3 | 5,607.0 |
| Deferred income taxes | 171.8 | 167.4 |
| Operating lease liabilities | 157.8 | 149.1 |
| Accounts payable and other liabilities | 1,244.1 | 927.8 |
| Total long-term liabilities | 6,196.0 | 6,851.3 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.01 par value, 100.0 shares authorized; no shares issued or outstanding for both periods | — | — |
| Common stock, $0.01 par value, 1,000.0 shares authorized; 129.4 and 132.6 shares outstanding, respectively | 1.3 | 1.3 |
| Paid-in capital | 3,978.5 | 3,834.4 |
| Accumulated deficit | (1,273.9) | (1,322.9) |
| Accumulated other comprehensive loss | (99.8) | (160.1) |
| Total stockholders’ equity | 2,606.1 | 2,352.7 |
| Total Liabilities and Stockholders’ Equity | $16,028.2 | $14,678.4 |
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