XML 54 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net income (loss) $ 244.9us-gaap_NetIncomeLoss $ 132.8us-gaap_NetIncomeLoss $ 119.0us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 207.9us-gaap_DepreciationAmortizationAndAccretionNet 208.2us-gaap_DepreciationAmortizationAndAccretionNet 210.2us-gaap_DepreciationAmortizationAndAccretionNet
Equity-based compensation expense 16.4us-gaap_AllocatedShareBasedCompensationExpense 46.6us-gaap_AllocatedShareBasedCompensationExpense 22.1us-gaap_AllocatedShareBasedCompensationExpense
Deferred income taxes (89.1)us-gaap_DeferredIncomeTaxExpenseBenefit (48.7)us-gaap_DeferredIncomeTaxExpenseBenefit (56.3)us-gaap_DeferredIncomeTaxExpenseBenefit
Allowance for doubtful accounts 0.3us-gaap_ProvisionForDoubtfulAccounts 0us-gaap_ProvisionForDoubtfulAccounts 0us-gaap_ProvisionForDoubtfulAccounts
Amortization of deferred financing costs 6.4us-gaap_AmortizationOfFinancingCostsAndDiscounts 8.8us-gaap_AmortizationOfFinancingCostsAndDiscounts 13.6us-gaap_AmortizationOfFinancingCostsAndDiscounts
Net (loss) gain on extinguishments of long-term debt 90.7us-gaap_GainsLossesOnExtinguishmentOfDebt 64.0us-gaap_GainsLossesOnExtinguishmentOfDebt 17.2us-gaap_GainsLossesOnExtinguishmentOfDebt
Income (Loss) from Equity Method Investments (1.2)us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments
Other Operating Activities, Cash Flow Statement 0.5us-gaap_OtherOperatingActivitiesCashFlowStatement 1.7us-gaap_OtherOperatingActivitiesCashFlowStatement 1.0us-gaap_OtherOperatingActivitiesCashFlowStatement
Changes in assets and liabilities:      
Accounts receivable (117.6)us-gaap_IncreaseDecreaseInAccountsReceivable (170.8)us-gaap_IncreaseDecreaseInAccountsReceivable (10.4)us-gaap_IncreaseDecreaseInAccountsReceivable
Merchandise inventory 44.2us-gaap_IncreaseDecreaseInInventories (67.5)us-gaap_IncreaseDecreaseInInventories 7.1us-gaap_IncreaseDecreaseInInventories
Other assets (18.7)us-gaap_IncreaseDecreaseInOtherOperatingAssets (10.1)us-gaap_IncreaseDecreaseInOtherOperatingAssets (3.8)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase (Decrease) in Accounts Payable, Trade 43.7us-gaap_IncreaseDecreaseInAccountsPayableTrade 146.1us-gaap_IncreaseDecreaseInAccountsPayableTrade 0.8us-gaap_IncreaseDecreaseInAccountsPayableTrade
Other current liabilities 1.7us-gaap_IncreaseDecreaseInOtherCurrentLiabilities 64.1us-gaap_IncreaseDecreaseInOtherCurrentLiabilities (2.1)us-gaap_IncreaseDecreaseInOtherCurrentLiabilities
Long-term liabilities 4.9us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (8.9)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities (1.0)us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities
Net cash provided by operating activities 435.0us-gaap_NetCashProvidedByUsedInOperatingActivities 366.3us-gaap_NetCashProvidedByUsedInOperatingActivities 317.4us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Capital expenditures (55.0)us-gaap_PaymentsToAcquireProductiveAssets (47.1)us-gaap_PaymentsToAcquireProductiveAssets (41.4)us-gaap_PaymentsToAcquireProductiveAssets
Payments to Acquire Equity Method Investments (86.8)us-gaap_PaymentsToAcquireEquityMethodInvestments 0us-gaap_PaymentsToAcquireEquityMethodInvestments 0us-gaap_PaymentsToAcquireEquityMethodInvestments
Payment of accrued charitable contribution related to the MPK Coworker Incentive Plan II (20.9)cdw_PaymentofaccruedcharitablecontributionrelatedtotheMPKCoworkerIncentivePlanII 0cdw_PaymentofaccruedcharitablecontributionrelatedtotheMPKCoworkerIncentivePlanII 0cdw_PaymentofaccruedcharitablecontributionrelatedtotheMPKCoworkerIncentivePlanII
Premium payments on interest rate cap agreements (2.1)us-gaap_PaymentsForDerivativeInstrumentInvestingActivities 0us-gaap_PaymentsForDerivativeInstrumentInvestingActivities (0.3)us-gaap_PaymentsForDerivativeInstrumentInvestingActivities
Net cash used in investing activities (164.8)us-gaap_NetCashProvidedByUsedInInvestingActivities (47.1)us-gaap_NetCashProvidedByUsedInInvestingActivities (41.7)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Proceeds from borrowings under revolving credit facility 0us-gaap_ProceedsFromLinesOfCredit 63.0us-gaap_ProceedsFromLinesOfCredit 289.0us-gaap_ProceedsFromLinesOfCredit
Repayments of borrowings under revolving credit facility 0us-gaap_RepaymentsOfLinesOfCredit (63.0)us-gaap_RepaymentsOfLinesOfCredit (289.0)us-gaap_RepaymentsOfLinesOfCredit
Repayments of long-term debt (15.4)us-gaap_RepaymentsOfSecuredDebt (51.1)us-gaap_RepaymentsOfSecuredDebt (201.0)us-gaap_RepaymentsOfSecuredDebt
Proceeds from issuance of long-term debt 1,175.0us-gaap_ProceedsFromIssuanceOfLongTermDebt 1,535.2us-gaap_ProceedsFromIssuanceOfLongTermDebt 135.7us-gaap_ProceedsFromIssuanceOfLongTermDebt
Payments to extinguish long-term debt (1,299.0)us-gaap_RepaymentsOfLongTermDebt (2,047.4)us-gaap_RepaymentsOfLongTermDebt (243.2)us-gaap_RepaymentsOfLongTermDebt
Payments of debt financing costs (21.9)us-gaap_PaymentsOfFinancingCosts (6.1)us-gaap_PaymentsOfFinancingCosts (2.1)us-gaap_PaymentsOfFinancingCosts
Investment from CDW Holdings LLC 0us-gaap_ProceedsFromContributionsFromParent 0us-gaap_ProceedsFromContributionsFromParent 2.8us-gaap_ProceedsFromContributionsFromParent
Net change in accounts payable-inventory financing 75.5cdw_NetChangeInAccountsPayableInventoryFinancing 7.4cdw_NetChangeInAccountsPayableInventoryFinancing (29.5)cdw_NetChangeInAccountsPayableInventoryFinancing
Net proceeds from issuance of common shares 0us-gaap_ProceedsFromIssuanceOfCommonStock 424.7us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from Stock Options Exercised 1.3us-gaap_ProceedsFromStockOptionsExercised 0us-gaap_ProceedsFromStockOptionsExercised 0us-gaap_ProceedsFromStockOptionsExercised
Proceeds from Coworker Stock Purchase Plan 5.8us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans 0us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans 0us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
Dividends paid (33.6)us-gaap_PaymentsOfDividendsCommonStock (7.3)us-gaap_PaymentsOfDividendsCommonStock 0us-gaap_PaymentsOfDividendsCommonStock
Excess Tax Benefit from Share-based Compensation, Financing Activities 0.3us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 0.6us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Payment of incentive compensation plan withholding taxes 0us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (24.1)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation 0us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Repurchase of common shares 0us-gaap_PaymentsForRepurchaseOfCommonStock (0.2)us-gaap_PaymentsForRepurchaseOfCommonStock (0.7)us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash used in financing activities (112.0)us-gaap_NetCashProvidedByUsedInFinancingActivities (168.3)us-gaap_NetCashProvidedByUsedInFinancingActivities (338.0)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents (1.8)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (0.7)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 0.3us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase (decrease) in cash and cash equivalents 156.4us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 150.2us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (62.0)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents - beginning of period 188.1us-gaap_CashAndCashEquivalentsAtCarryingValue 37.9us-gaap_CashAndCashEquivalentsAtCarryingValue 99.9us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents - end of period 344.5us-gaap_CashAndCashEquivalentsAtCarryingValue 188.1us-gaap_CashAndCashEquivalentsAtCarryingValue 37.9us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplementary disclosure of cash flow information:      
Interest paid, including cash settlements on interest rate swap agreements (195.8)us-gaap_InterestPaidNet (267.6)us-gaap_InterestPaidNet (302.7)us-gaap_InterestPaidNet
Taxes refunded (paid), net (241.2)us-gaap_IncomeTaxesPaidNet (82.5)us-gaap_IncomeTaxesPaidNet (123.2)us-gaap_IncomeTaxesPaidNet
Non-cash investing and financing activities:      
Capital expenditures accrued in accounts payable-trade $ 0.6us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 0.2us-gaap_CapitalExpendituresIncurredButNotYetPaid $ 0.5us-gaap_CapitalExpendituresIncurredButNotYetPaid