CNXN FY 2015 Earnings Report — PC Connection, Inc. Revenue & Financial Results | Market Cap Arena

PC Connection, Inc.CNXN

FY 2015 Earnings

Reported March 3, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.5B	—	4.5%
Op. Income	$79M	—	$71M	—	9.9%
Gross Margin	13.2%	—	13.1%	—	0.1pp
Net Margin	1.8%	—	1.7%	—	0.1pp
EPS (Diluted)	$1.76	—	$1.61	—	9.3%
Free Cash Flow	$18M	—	$28M	—	-35.0%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$341M
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$225M
SG&A Expenses	$241M
Other Expenses	$9M
Operating Expenses	$262M
Cost & Expenses	$2.5B
OPERATING INCOME	$79M
Interest Income	$0
Interest Expense	$87.0K
Other Income/Expenses	-$87.0K
INCOME BEFORE TAX	$78M
Income Tax Expense	$32M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$9M
EBIT	$79M
EBITDA	$88M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$341M
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$225M
SG&A Expenses	$241M
Other Expenses	$9M
Operating Expenses	$262M
Cost & Expenses	$2.5B
OPERATING INCOME	$79M
Interest Income	$0
Interest Expense	$87.0K
Other Income/Expenses	-$87.0K
INCOME BEFORE TAX	$78M
Income Tax Expense	$32M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$9M
EBIT	$79M
EBITDA	$88M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$9M
Stock-Based Compensation	$994.0K
Deferred Income Tax	$3M
Other Non-Cash Items	$589.0K
Change in Working Capital	-$29M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$13M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$450.0K
NET CASH FROM INVESTING	-$13M
Net Debt Issuance	$0
Common Stock Repurchased	-$660.0K
Common Dividends Paid	-$11M
Other Financing Activities	$12M
NET CASH FROM FINANCING	$1M
FREE CASH FLOW	$18M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$80M
Short-Term Investments	$0
Net Receivables	$358M
Inventory	$103M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$553M
PP&E (Net)	$32M
Goodwill	$51M
Intangible Assets	$2M
Long-Term Investments	-$8M
Tax Assets	$8M
Other Non-Current Assets	$1M
TOTAL NON-CURRENT ASSETS	$86M
TOTAL ASSETS	$639M
Account Payables	$167M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$222M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$22M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$25M
TOTAL LIABILITIES	$247M
Common Stock	$284.0K
Additional Paid-In Capital	$109M
Retained Earnings	$299M
Treasury Stock	-$16M
Accum. Other Comp. Income	-$66M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$392M
Minority Interest	$0
TOTAL EQUITY	$392M
TOTAL LIABILITIES & EQUITY	$639M
Total Debt	$0
Net Debt	-$80M