PC Connection (CNXN) stock price, revenue, and financials

PC Connection market cap is $1.4 b, and annual revenue was $2.82 b in FY 2019

$1.4 B

CNXN Mkt cap, 22-Jan-2021

$550 M

PC Connection Revenue Q2, 2020
PC Connection Gross profit (Q2, 2020)89 M
PC Connection Gross profit margin (Q2, 2020), %16.2%
PC Connection Net income (Q2, 2020)7.6 M
PC Connection EBIT (Q2, 2020)10.6 M
PC Connection Cash, 30-Jun-2020165.9 M
PC Connection EV1.2 B

PC Connection Revenue

PC Connection revenue was $2.82 b in FY, 2019

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PC Connection Revenue Breakdown

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PC Connection revenue breakdown by business segment: 38.9% from Enterprise Solutions, 21.3% from Public Sector Solutions and 39.8% from Business Solutions

PC Connection Income Statement

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

2.1b2.2b2.2b2.5b2.6b2.7b2.9b2.7b2.8b

Revenue growth, %

11%4%5%8%

Cost of goods sold

1.8b1.9b1.9b2.3b592.5m637.4m2.5b2.3b2.4b

Gross profit

264.9m282.1m293.0m143.4m2.0b2.1b382.1m411.1m451.3m

Gross profit Margin, %

13%13%13%6%77%76%13%15%16%

Sales and marketing expense

13.9m

General and administrative expense

217.3m226.3m233.6m251.9m76.2m304.5m324.4m338.6m

Operating expense total

217.3m227.5m233.6m251.9m76.2m304.5m325.4m339.3m

EBIT

47.6m54.6m59.4m71.5m78.6m21.9m77.5m85.7m112.0m

EBIT margin, %

2%3%3%3%3%1%3%3%4%

Interest expense

369.0k166.0k149.0k86.0k20.0k14.0k

Interest income

98.0k

Pre tax profit

47.4m54.5m59.2m71.4m22.9m21.9m77.6m88.7m112.7m

Income tax expense

18.6m21.4m(9.3m)(8.9m)(22.8m)24.1m30.6m

Net Income

28.8m33.1m35.7m42.7m46.8m48.1m54.9m64.6m82.1m

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

512.6m575.6m498.8m542.6m561.3m505.4m557.3m580.4m559.8m633.2m639.6m581.3m627.6m680.8m572.4m676.2m708.5m670.6m749.8m729.2m624.9m1.3b658.5m632.9m741.1m729.4m711.9m550.0m

Cost of goods sold

445.7m505.2m432.2m471.0m489.1m438.6m483.4m503.8m486.9m549.5m555.9m503.6m544.6m592.2m490.2m582.3m611.5m583.9m650.1m633.1m528.5m1.1b558.1m533.6m624.1m610.5m598.7m461.0m

Gross profit

66.9m70.4m66.6m71.6m72.2m66.8m73.9m76.6m72.8m83.8m83.7m77.6m83.0m88.6m82.2m93.9m97.0m86.7m99.7m96.1m96.4m203.8m100.4m99.3m117.0m118.9m113.1m89.0m

Gross profit Margin, %

13%12%13%13%13%13%13%13%13%13%13%13%13%13%14%14%14%13%13%13%15%15%15%16%16%16%16%16%

General and administrative expense

54.5m54.6m56.5m56.9m55.9m56.7m58.5m59.0m61.1m64.6m63.2m63.4m63.4m66.7m67.0m72.9m74.5m75.3m77.2m80.9m163.4m81.5m81.2m84.7m86.2m92.5m77.4m

Operating expense total

54.5m54.6m57.6m56.9m55.9m56.7m58.5m59.0m61.1m64.6m63.2m63.4m63.4m66.7m67.0m72.9m74.5m75.3m77.2m80.9m163.4m81.5m81.9m84.7m86.2m92.5m78.4m

EBIT

12.4m15.9m9.0m14.7m16.3m10.1m15.4m17.5m11.7m19.2m20.4m14.2m19.6m21.9m15.2m21.0m22.4m11.5m22.4m21.7m15.5m40.4m19.0m17.4m32.3m32.6m20.7m10.6m

EBIT margin, %

2%3%2%3%3%2%3%3%2%3%3%2%3%3%3%3%3%2%3%3%2%3%3%3%4%4%3%2%

Interest expense

87.0k93.0k64.0k69.0k50.0k46.0k114.0k198.0k184.0k62.0k92.0k5.0k

Interest income

19.0k9.0k8.0k116.0k298.0k

Pre tax profit

12.4m15.8m9.1m14.6m16.2m10.1m15.3m17.5m11.7m19.2m20.4m14.2m19.6m21.8m15.2m21.0m22.4m11.5m22.4m21.7m15.6m40.7m19.1m17.6m32.5m32.7m20.7m10.6m

Income tax expense

4.9m6.4m3.6m5.7m6.3m4.0m6.2m(6.9m)(4.6m)(7.7m)(8.2m)(5.6m)(8.0m)(8.8m)(6.1m)(8.5m)(8.8m)(4.0m)(8.9m)(8.6m)(4.3m)(11.2m)5.3m4.9m8.8m8.9m5.8m3.0m

Net Income

7.5m9.4m5.5m8.8m9.9m6.1m9.2m10.6m7.1m11.4m12.2m8.6m11.6m13.0m9.1m12.5m13.6m7.4m13.6m13.1m11.3m29.5m13.8m12.7m23.7m23.8m14.9m7.6m

PC Connection Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

4.6m39.9m42.5m60.9m80.2m49.2m50.0m91.7m90.1m

Accounts Receivable

295.2m267.3m283.1m293.0m356.1m411.9m449.7m447.7m549.6m

Prepaid Expenses

4.7m3.9m5.7m9.7m10.7m

Inventories

77.4m69.6m79.1m90.9m102.8m90.5m106.8m119.2m124.7m

Current Assets

388.3m386.5m418.5m458.1m552.9m559.2m616.1m669.2m776.4m

PP&E

22.6m26.1m27.6m27.9m32.2m39.4m41.5m51.8m64.2m

Goodwill

51.3m51.3m51.3m51.3m51.3m73.6m73.6m73.6m73.6m

Total Assets

468.0m468.3m500.9m540.0m639.1m686.1m747.9m805.4m937.3m

Accounts Payable

130.9m126.1m124.8m124.9m166.5m177.9m194.3m201.6m235.6m

Short-term debt

971.0k989.0k

Current Liabilities

181.0m163.5m162.1m164.7m222.0m230.3m248.0m259.8m308.9m

Long-term debt

989.0k10.3m

Total Debt

2.0m989.0k10.3m

Total Liabilities

194.5m177.0m252.7m265.6m279.5m340.0m

Common Stock

276.0k278.0k287.0k288.0k288.0k

Additional Paid-in Capital

100.0m101.7m104.9m107.0m109.2m111.1m114.2m115.8m118.0m

Retained Earnings

182.3m205.3m230.5m262.6m298.9m337.9m383.7m441.0m514.7m

Total Equity

273.5m291.3m319.8m354.0m392.5m433.4m482.3m525.9m597.3m

Financial Leverage

1.7 x1.6 x1.6 x1.5 x1.6 x1.6 x1.6 x1.5 x1.6 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

55.3m39.8m49.8m63.4m53.5m58.5m64.2m77.2m64.9m60.3m66.4m79.9m72.5m76.9m91.0m47.3m66.9m65.8m28.1m62.3m71.0m68.7m102.2m93.5m69.7m98.5m111.3m165.9m

Accounts Receivable

241.0m269.9m242.4m253.7m270.3m236.3m256.1m251.0m260.9m295.3m273.9m284.9m332.9m331.2m288.3m388.0m358.0m378.5m426.4m382.7m408.3m464.0m400.8m433.9m500.9m478.9m485.3m446.7m

Prepaid Expenses

4.1m3.9m5.3m4.7m3.9m5.1m4.6m6.1m7.3m7.1m6.9m14.0m13.5m

Inventories

75.4m73.0m62.5m74.9m65.5m59.6m77.1m76.4m71.4m97.2m82.5m71.3m98.6m102.6m97.3m112.5m102.0m100.0m118.2m106.7m85.6m107.4m105.3m137.7m175.9m126.1m137.0m165.6m

Current Assets

382.8m391.3m366.6m402.6m398.5m365.0m407.8m414.3m408.6m464.5m438.8m452.3m519.0m523.8m484.4m555.2m532.6m550.7m582.9m561.5m571.7m647.3m617.1m672.3m753.7m710.4m749.0m791.7m

PP&E

20.6m21.9m24.1m24.9m25.4m26.5m27.4m26.8m27.2m27.7m27.7m28.1m29.9m32.4m32.1m33.8m34.3m38.7m39.6m44.0m46.0m48.2m55.4m59.5m62.3m65.8m65.4m

Goodwill

51.3m51.3m51.3m51.3m51.3m51.3m51.3m51.3m51.3m51.3m51.3m51.3m51.3m51.3m51.3m67.5m67.5m73.6m73.6m73.6m73.6m73.6m73.6m73.6m73.6m73.6m73.6m73.6m

Total Assets

460.8m470.5m447.6m484.2m480.3m447.0m490.4m496.2m490.4m546.6m520.7m534.1m602.5m610.1m570.5m670.2m647.7m676.5m713.3m691.9m703.6m781.0m750.2m828.4m911.8m870.6m913.2m954.3m

Accounts Payable

135.4m138.8m111.9m138.2m128.5m94.6m124.6m125.2m109.6m153.2m109.3m116.2m162.4m161.1m114.2m191.2m159.6m171.9m187.3m164.9m152.1m200.9m165.2m204.2m260.2m197.7m219.9m247.0m

Short-term debt

919.0k945.0k998.0k1.0m1.1m729.0k462.0k

Current Liabilities

178.4m180.2m155.7m183.1m169.1m134.6m168.1m163.0m144.5m188.5m150.2m150.0m205.9m199.8m152.2m238.5m202.8m211.5m234.4m200.1m193.6m253.3m209.0m258.9m321.2m257.5m277.3m308.2m

Long-term debt

1.5m1.2m729.0k462.0k187.0k80.0m80.0m13.2m11.7m11.4m12.6m11.6m

Total Debt

2.4m2.2m1.7m1.5m1.2m80.7m80.5m13.2m11.7m11.4m12.6m11.6m

Total Liabilities

191.9m194.4m169.3m196.5m181.8m148.0m181.5m176.4m163.3m207.3m168.9m171.2m227.0m221.4m168.7m255.1m219.0m233.8m256.2m222.0m211.6m271.3m227.0m290.9m351.6m287.5m310.6m343.1m

Common Stock

275.0k276.0k276.0k277.0k277.0k280.0k280.0k280.0k281.0k281.0k282.0k282.0k283.0k283.0k284.0k284.0k284.0k286.0k286.0k287.0k287.0k287.0k287.0k288.0k288.0k288.0k289.0k289.0k

Additional Paid-in Capital

99.4m99.4m100.3m100.7m101.4m103.4m104.1m104.3m105.1m105.8m106.1m107.2m108.3m108.4m109.4m110.3m110.4m112.9m113.7m113.4m114.4m115.2m115.0m116.1m117.2m117.3m118.6m119.6m

Retained Earnings

176.0m185.4m187.7m196.6m206.5m211.4m220.5m231.1m237.6m249.0m261.2m271.2m282.8m295.8m307.9m320.4m334.0m345.4m359.0m372.1m396.2m414.4m428.2m453.7m477.4m501.2m529.6m537.2m

Total Equity

268.8m276.1m278.4m287.7m298.5m299.1m308.9m319.8m327.1m339.3m351.8m362.9m375.6m388.7m401.8m415.1m428.8m442.7m457.1m469.9m492.0m509.7m523.2m537.6m560.2m583.1m602.6m611.2m

Financial Leverage

1.7 x1.7 x1.6 x1.7 x1.6 x1.5 x1.6 x1.6 x1.5 x1.6 x1.5 x1.5 x1.6 x1.6 x1.4 x1.6 x1.5 x1.5 x1.6 x1.5 x1.4 x1.5 x1.4 x1.5 x1.6 x1.5 x1.5 x1.6 x

PC Connection Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

28.8m33.1m35.7m42.7m46.8m48.1m54.9m64.6m82.1m

Depreciation and Amortization

6.0m5.4m7.1m8.1m9.0m10.5m11.8m14.1m13.3m

Accounts Receivable

(56.7m)26.3m(17.0m)(11.0m)(64.0m)(33.8m)(39.5m)14.9m(102.0m)

Inventories

(2.8m)7.8m(9.5m)(12.0m)(12.0m)12.4m(16.2m)(23.3m)(5.5m)

Accounts Payable

14.5m(4.6m)(1.4m)202.0k41.3m(3.0m)15.8m5.7m35.0m

Cash From Operating Activities

(5.3m)69.7m19.7m35.4m30.9m33.6m19.3m86.8m36.6m

Purchases of PP&E

(10.9m)(9.2m)(7.6m)(7.6m)(12.3m)(11.9m)(11.8m)

Cash From Investing Activities

(16.0m)(9.2m)(7.6m)(7.6m)(12.8m)(54.9m)(11.8m)(21.2m)(25.7m)

Short-term Borrowings

(54.1m)(12.5m)(859.0k)

Long-term Borrowings

(870.0k)(971.0k)

Dividends Paid

(10.6m)(10.1m)(9.0m)(8.5m)(8.4m)

Cash From Financing Activities

(9.4m)(25.1m)(9.4m)(9.4m)1.2m(9.7m)(6.7m)(23.9m)(12.6m)

Net Change in Cash

(30.8m)35.3m810.0k41.7m(1.6m)

Interest Paid

276.0k244.0k101.0k101.0k101.0k

Income Taxes Paid

16.8m19.0m20.9m24.2m30.4m29.7m28.9m19.9m28.5m

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

12.0m21.4m5.5m14.3m24.2m6.1m15.3m10.6m7.1m11.4m12.2m8.6m11.6m13.0m9.1m21.5m13.6m7.4m21.0m13.1m11.3m29.5m43.3m12.7m36.4m60.1m14.9m22.5m

Depreciation and Amortization

2.9m4.4m1.6m3.2m4.9m1.6m3.3m2.4m4.8m5.7m3.3m6.7m10.4m3.7m7.1m10.2m3.1m6.5m

Accounts Receivable

(884.0k)(30.4m)52.7m40.8m23.4m30.8m10.6m295.3m273.9m284.9m332.9m331.2m67.9m(10.4m)358.0m378.5m(15.2m)382.7m57.4m1.5m63.9m13.5m(52.9m)(31.4m)61.5m99.3m

Inventories

(845.0k)1.6m14.9m2.5m12.0m10.0m(7.5m)97.2m82.5m71.3m98.6m102.6m5.4m(9.6m)102.0m100.0m(27.7m)106.7m10.3m(11.6m)(9.4m)(18.5m)(56.7m)(6.9m)(12.3m)(41.0m)

Accounts Payable

18.9m22.1m(19.0m)7.4m(2.4m)(31.6m)(1.4m)153.2m109.3m116.2m162.4m161.1m(52.4m)10.5m159.6m171.9m8.9m164.9m(42.5m)6.2m(29.4m)2.1m58.2m(3.2m)(15.5m)12.5m

Cash From Operating Activities

32.9m22.4m55.2m72.0m63.7m19.0m27.0m23.5m17.0m(9.8m)37.2m41.5m81.3m18.1m3.3m40.0m44.6m102.4m

Purchases of PP&E

(6.1m)(8.5m)(2.8m)(5.2m)(7.0m)(1.7m)(4.3m)(2.1m)(5.8m)(4.5m)(15.6m)(6.6m)(13.9m)(20.6m)(4.6m)(8.2m)

Cash From Investing Activities

(11.3m)(13.7m)(2.8m)(5.2m)(7.0m)(1.7m)(4.3m)(2.1m)(39.8m)(4.5m)(5.0m)(9.9m)(15.6m)(6.6m)(13.9m)(20.6m)(4.6m)(8.2m)

Short-term Borrowings

(12.5m)(12.5m)(12.5m)(859.0k)

Long-term Borrowings

(423.0k)(643.0k)(233.0k)(472.0k)(718.0k)(260.0k)(527.0k)

Dividends Paid

(9.0m)(9.1m)(8.5m)(8.5m)(8.5m)(8.4m)(8.4m)

Cash From Financing Activities

(1.6m)(4.3m)(7.2m)(8.0m)(7.8m)1.3m1.6m(10.6m)(10.1m)(6.8m)(11.3m)(12.9m)(13.4m)(9.8m)(11.4m)(12.6m)(18.7m)(18.3m)

Net Change in Cash

19.9m4.4m45.1m58.8m48.9m18.6m24.3m(21.0m)52.3m1.8m(22.0m)6.8m21.3m75.9m

Income Taxes Paid

7.6m15.7m15.7m320.0k8.3m15.1m291.0k12.0m19.0m369.0k1.1m

PC Connection Ratios

USDQ2, 2011

Financial Leverage

1.7 x

PC Connection Operating Metrics

FY, 2014FY, 2015FY, 2016

Products

300 k300 k300 k

Suppliers

1.60 k1.60 k1.60 k