PC Connection, Inc. (CNXN) quarterly cash flow statement — complete operating, investing & financing history
PC Connection, Inc. (CNXN) cash flow statement — 29-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -63.81M | 14.27M | 27.42M | 64.15M | 26.26M | -52.39M | 25.25M | 52.94M | 38.39M | 57.28M | 12.29M | 50.22M | 115.94M | 19.5M | 19.2M | 24.08M | 29.89M | -38.28M | 48.92M | -22.99M |
| Operating CF Margin % | -7.47% | 1.98% | 3.9% | 9.05% | 3.46% | -7.47% | 3.56% | 7.31% | 5.21% | 9.06% | 1.76% | 7.25% | 15.81% | 2.68% | 2.62% | 3.1% | 3.61% | -4.86% | 6.11% | -3.06% |
| Operating CF Growth % | -343.01% | 127.23% | 8.59% | 21.16% | -31.6% | -191.45% | 105.45% | 5.42% | -66.89% | 193.69% | -35.99% | 108.52% | 287.89% | 150.95% | -60.75% | 204.78% | 15.59% | -742.15% | 574.91% | 58.96% |
| Net Income | 33.17M | 17.22M | 20.71M | 24.74M | 24.79M | 13.48M | 20.72M | 27.06M | 26.16M | 13.15M | 23.78M | 25.6M | 19.7M | 14.2M | 18.82M | 23.21M | 25.4M | 21.79M | 22.39M | 20.05M |
| Depreciation & Amortization | 2.74M | 2.8M | 2.85M | 2.89M | 2.87M | 3.1M | 3.17M | 3.28M | 3.27M | 3.27M | 3.2M | 3.29M | 3.09M | 3.07M | 2.98M | 3.02M | 2.99M | 2.99M | 3.04M | 2.95M |
| Stock-Based Compensation | 2.65M | 2.64M | 2.24M | 2.43M | 2.46M | 2.21M | 2.28M | 2M | 2.25M | 1.95M | 1.6M | 1.79M | 1.78M | 1.85M | 1.6M | 1.28M | 1.41M | 1.38M | 1.11M | 1.03M |
| Deferred Taxes | -682K | -166K | 1.66M | 3.19M | 0 | 0 | -3.21M | 811K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -13.02M | -600K | 2.82M | 245K | -960K | 290K | 1.26M | 1.62M | -1.49M | -2.03M | -3.63M | 655K | 1.35M | 375K | -26.5M | 1.02M | 1.08M | 577K | 2.32M | 647K |
| Working Capital Changes | -88.66M | -7.63M | -2.86M | 30.66M | -2.9M | -71.47M | 1.03M | 18.17M | 8.2M | 40.95M | -12.66M | 18.89M | 90.02M | 6K | 22.3M | -4.44M | -983K | -65.03M | 20.07M | -47.65M |
| Change in Receivables | -66.9M | -13.7M | -31.94M | 20.16M | -33.72M | 7.05M | -27.44M | 13.33M | -71.71M | 79.31M | -19.27M | 4.5M | 27.84M | -11.46M | 35.78M | -3.72M | -10.89M | -27.18M | -23.75M | -4.37M |
| Change in Inventory | -10.8M | -50.73M | -8.55M | -1.53M | 18.3M | -56.74M | 18.64M | 22.92M | -12.71M | 279K | 18.06M | 17.49M | 39.58M | 9.37M | 4.63M | 9.84M | 11.44M | -28.05M | -31.18M | -8.29M |
| Change in Payables | -18.76M | 58.09M | 26.17M | 8.54M | 30.33M | -26.96M | 7.31M | -24.03M | 98.3M | -45.13M | -502K | -12.94M | 38.73M | 5.86M | 0 | -19.82M | 7.05M | -10.49M | 64.81M | -40.86M |
| Cash from Investing | -3.31M | -3.04M | -6.48M | -53.76M | -1.62M | 104.69M | -5.6M | -6.26M | -51.82M | -51.61M | -104.15M | -51.19M | -2.98M | -1.88M | -2.1M | -2.41M | -2.11M | -2.45M | -3.14M | -2.48M |
| Capital Expenditures | -1.93M | -1.98M | -2.19M | -1.87M | -1.62M | -1.71M | 0 | -1.79M | -1.82M | -1.61M | -2.24M | -2.5M | -2.98M | -1.88M | -2.1M | -2.41M | -2.11M | -2.45M | -3.21M | -2.48M |
| CapEx % of Revenue | 0.23% | 0.27% | 0.31% | 0.26% | 0.21% | 0.24% | 0.33% | 0.25% | 0.25% | 0.25% | 0.32% | 0.36% | 0.41% | 0.26% | 0.29% | 0.31% | 0.26% | 0.31% | 0.4% | 0.33% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | -2.36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69K | 0 |
| Cash from Financing | -5.42M | -8.19M | -15.56M | -9.29M | -20.35M | -48.17M | -8.84M | -7.39M | -5.94M | -3.05M | -3.7M | -2.5M | -3.79M | -5.74M | -10.36M | -380K | -289K | -165K | -27.2M | -470K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 602K | -2.48M | -10.12M | -5.07M | -16.11M | -43.74M | -4.64M | -4.12M | -3.43M | -186K | 0 | 0 | -1.97M | -3.42M | -1.41M | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -5.04M | -5.04M | -3.78M | -3.8M | -3.81M | -3.91M | -2.63M | -2.63M | -2.63M | -2.64M | -2.1M | -2.1M | -2.1M | -2.11M | -8.95M | 0 | 0 | 0 | -26.22M | 0 |
| Share Repurchases | 0 | -2.48M | -10.73M | -5.07M | -16.73M | -43.74M | -4.64M | -4.12M | -3.43M | -186K | 0 | 0 | -1.97M | -3.42M | -1.41M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -978K | -671K | -1.66M | -425K | -435K | -519K | -1.57M | -640K | 123K | -231K | -1.59M | -399K | 279K | -213K | 0 | -380K | -289K | -165K | -973K | -470K |
| Net Change in Cash | -72.54M | 3.04M | 5.38M | 1.1M | 4.29M | 4.14M | 10.81M | 39.3M | -19.37M | 2.63M | -95.56M | -3.47M | 109.17M | 11.88M | 6.74M | 21.29M | 27.49M | -40.9M | 18.58M | -25.94M |
| Free Cash Flow | -65.74M | 12.28M | 25.23M | 62.28M | 24.64M | -54.1M | 22.89M | 51.16M | 36.57M | 55.68M | 10.05M | 47.73M | 112.96M | 17.62M | 17.1M | 21.67M | 27.78M | -40.74M | 45.71M | -25.47M |
| FCF Margin % | -7.7% | 1.7% | 3.59% | 8.78% | 3.24% | -7.72% | 3.23% | 7.06% | 4.97% | 8.81% | 1.44% | 6.89% | 15.4% | 2.42% | 2.33% | 2.79% | 3.35% | -5.17% | 5.71% | -3.39% |
| FCF Growth % | -366.82% | 122.71% | 10.23% | 21.74% | -32.63% | -197.16% | 127.76% | 7.19% | -67.62% | 215.93% | -41.23% | 120.19% | 306.69% | 143.26% | -62.59% | 185.11% | 17.45% | -1244.59% | 489.92% | 55.64% |
| FCF per Share | -2.59 | 0.49 | 1.00 | 2.44 | 0.97 | -2.06 | 0.86 | 1.93 | 1.38 | 2.10 | 0.38 | 1.81 | 4.28 | 0.67 | 0.65 | 0.82 | 1.05 | -1.54 | 1.73 | -0.97 |
| FCF Conversion (FCF/Net Income) | -1.92x | 0.83x | 1.32x | 2.59x | 1.06x | -3.89x | 1.22x | 1.96x | 1.47x | 4.35x | 0.52x | 1.96x | 5.89x | 1.37x | 1.02x | 1.04x | 1.18x | -1.76x | 2.19x | -1.15x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | -2K | 0 | 1K | 1K | 5K | 1K | 1K | 17K | 0 | 1K | 3K | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 4.87M | 6.67M | 15.11M | 3.06M | 4.76M | 6.59M | 17.31M | 635K | 7.42M | 6.84M | 20.13M | 7.28M | 0 | 9.25M | 21.22M | 287K | 865K | 7.46M |