PC Connection Inc
NASDAQ:CNXN
Income Statement
Earnings Waterfall
PC Connection Inc
Revenue
|
2.8B
USD
|
Cost of Revenue
|
-2.2B
USD
|
Gross Profit
|
507.5m
USD
|
Operating Expenses
|
-407.3m
USD
|
Operating Income
|
100.2m
USD
|
Other Expenses
|
-18m
USD
|
Net Income
|
82.2m
USD
|
Income Statement
PC Connection Inc
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
2 276
N/A
|
2 352
+3%
|
2 411
+3%
|
2 463
+2%
|
2 485
+1%
|
2 479
0%
|
2 521
+2%
|
2 574
+2%
|
2 565
0%
|
2 614
+2%
|
2 641
+1%
|
2 693
+2%
|
2 791
+4%
|
2 864
+3%
|
2 885
+1%
|
2 912
+1%
|
2 866
-2%
|
2 823
-2%
|
2 752
-3%
|
2 700
-2%
|
2 708
+0%
|
2 742
+1%
|
2 813
+3%
|
2 820
+0%
|
2 899
+3%
|
2 708
-7%
|
2 631
-3%
|
2 590
-2%
|
2 515
-3%
|
2 670
+6%
|
2 768
+4%
|
2 893
+4%
|
3 044
+5%
|
3 168
+4%
|
3 193
+1%
|
3 125
-2%
|
3 064
-2%
|
2 969
-3%
|
2 887
-3%
|
2 851
-1%
|
2 755
-3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 977)
|
(2 043)
|
(2 095)
|
(2 140)
|
(2 157)
|
(2 152)
|
(2 188)
|
(2 233)
|
(2 220)
|
(2 257)
|
(2 277)
|
(2 321)
|
(2 415)
|
(2 483)
|
(2 505)
|
(2 530)
|
(2 474)
|
(2 423)
|
(2 348)
|
(2 288)
|
(2 294)
|
(2 319)
|
(2 371)
|
(2 369)
|
(2 434)
|
(2 271)
|
(2 205)
|
(2 172)
|
(2 109)
|
(2 236)
|
(2 322)
|
(2 428)
|
(2 552)
|
(2 655)
|
(2 664)
|
(2 599)
|
(2 544)
|
(2 458)
|
(2 380)
|
(2 339)
|
(2 248)
|
|
Gross Profit |
299
N/A
|
309
+3%
|
316
+2%
|
323
+2%
|
328
+1%
|
327
0%
|
332
+1%
|
341
+3%
|
346
+1%
|
357
+3%
|
365
+2%
|
371
+2%
|
376
+1%
|
382
+2%
|
381
0%
|
382
+0%
|
392
+3%
|
400
+2%
|
404
+1%
|
411
+2%
|
414
+1%
|
424
+2%
|
442
+4%
|
451
+2%
|
465
+3%
|
437
-6%
|
426
-3%
|
419
-2%
|
406
-3%
|
434
+7%
|
446
+3%
|
465
+4%
|
492
+6%
|
513
+4%
|
529
+3%
|
526
0%
|
520
-1%
|
511
-2%
|
506
-1%
|
512
+1%
|
508
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(238)
|
(244)
|
(248)
|
(252)
|
(254)
|
(253)
|
(257)
|
(262)
|
(266)
|
(276)
|
(283)
|
(291)
|
(299)
|
(303)
|
(303)
|
(305)
|
(310)
|
(316)
|
(323)
|
(324)
|
(325)
|
(327)
|
(332)
|
(339)
|
(350)
|
(343)
|
(344)
|
(346)
|
(340)
|
(355)
|
(362)
|
(368)
|
(380)
|
(389)
|
(401)
|
(406)
|
(411)
|
(410)
|
(405)
|
(406)
|
(407)
|
|
Selling, General & Administrative |
(230)
|
(236)
|
(240)
|
(244)
|
(246)
|
(244)
|
(248)
|
(254)
|
(257)
|
(266)
|
(274)
|
(280)
|
(288)
|
(292)
|
(291)
|
(293)
|
(298)
|
(303)
|
(309)
|
(310)
|
(310)
|
(313)
|
(318)
|
(325)
|
(337)
|
(330)
|
(330)
|
(332)
|
(337)
|
(352)
|
(360)
|
(356)
|
(368)
|
(378)
|
(389)
|
(394)
|
(399)
|
(397)
|
(392)
|
(393)
|
(398)
|
|
Depreciation & Amortization |
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(14)
|
(14)
|
(14)
|
(14)
|
(13)
|
(13)
|
(13)
|
(13)
|
(14)
|
(14)
|
(13)
|
(13)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
11
|
11
|
11
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(10)
|
|
Operating Income |
61
N/A
|
65
+6%
|
68
+4%
|
72
+6%
|
74
+3%
|
74
+1%
|
76
+2%
|
79
+4%
|
80
+1%
|
81
+2%
|
82
+1%
|
81
-1%
|
77
-5%
|
78
+2%
|
78
-1%
|
78
N/A
|
82
+5%
|
84
+3%
|
81
-3%
|
87
+7%
|
89
+3%
|
97
+8%
|
110
+14%
|
113
+2%
|
115
+2%
|
95
-18%
|
82
-13%
|
73
-11%
|
67
-9%
|
79
+18%
|
85
+8%
|
97
+14%
|
113
+17%
|
124
+10%
|
128
+4%
|
121
-6%
|
109
-9%
|
101
-7%
|
102
+0%
|
106
+4%
|
100
-5%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
3
|
3
|
3
|
3
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
5
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
(1)
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(3)
|
(3)
|
(2)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
4
|
7
|
10
|
9
|
|
Pre-Tax Income |
61
N/A
|
65
+6%
|
68
+4%
|
71
+5%
|
74
+4%
|
74
+1%
|
76
+2%
|
79
+4%
|
80
+1%
|
81
+2%
|
82
+1%
|
81
-1%
|
77
-5%
|
78
+2%
|
78
-1%
|
78
+0%
|
82
+5%
|
84
+3%
|
82
-3%
|
89
+8%
|
91
+2%
|
98
+8%
|
112
+14%
|
113
+1%
|
116
+3%
|
94
-19%
|
82
-12%
|
73
-11%
|
67
-9%
|
80
+20%
|
86
+8%
|
97
+12%
|
113
+17%
|
124
+10%
|
128
+4%
|
122
-5%
|
111
-9%
|
103
-7%
|
106
+3%
|
113
+7%
|
112
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(24)
|
(26)
|
(27)
|
(29)
|
(30)
|
(30)
|
(31)
|
(32)
|
(32)
|
(33)
|
(33)
|
(32)
|
(30)
|
(31)
|
(30)
|
(31)
|
(31)
|
(29)
|
(26)
|
(24)
|
(25)
|
(27)
|
(30)
|
(31)
|
(31)
|
(26)
|
(21)
|
(17)
|
(16)
|
(19)
|
(22)
|
(27)
|
(31)
|
(34)
|
(35)
|
(32)
|
(29)
|
(27)
|
(27)
|
(30)
|
(29)
|
|
Income from Continuing Operations |
37
|
39
|
41
|
43
|
44
|
44
|
45
|
47
|
47
|
48
|
49
|
48
|
47
|
48
|
47
|
47
|
51
|
56
|
56
|
65
|
66
|
72
|
82
|
82
|
84
|
68
|
61
|
56
|
51
|
61
|
64
|
70
|
82
|
90
|
93
|
89
|
82
|
76
|
78
|
83
|
82
|
|
Net Income (Common) |
37
N/A
|
39
+6%
|
41
+4%
|
43
+5%
|
44
+3%
|
44
+0%
|
45
+2%
|
47
+4%
|
47
+1%
|
48
+2%
|
49
+1%
|
48
-1%
|
47
-3%
|
48
+2%
|
47
-1%
|
55
+17%
|
59
+7%
|
63
+8%
|
64
+1%
|
65
+1%
|
66
+2%
|
72
+8%
|
82
+14%
|
82
+1%
|
84
+3%
|
68
-19%
|
61
-10%
|
56
-9%
|
51
-9%
|
61
+19%
|
64
+5%
|
70
+10%
|
82
+17%
|
90
+10%
|
93
+4%
|
89
-4%
|
82
-9%
|
76
-7%
|
78
+3%
|
83
+6%
|
82
-1%
|
|
EPS (Diluted) |
1.39
N/A
|
1.47
+6%
|
1.53
+4%
|
1.61
+5%
|
1.66
+3%
|
1.67
+1%
|
1.7
+2%
|
1.76
+4%
|
1.78
+1%
|
1.81
+2%
|
1.83
+1%
|
1.8
-2%
|
1.72
-4%
|
1.76
+2%
|
1.77
+1%
|
2.04
+15%
|
2.18
+7%
|
2.36
+8%
|
2.37
+0%
|
2.41
+2%
|
2.49
+3%
|
2.68
+8%
|
3.07
+15%
|
3.1
+1%
|
3.18
+3%
|
2.58
-19%
|
2.32
-10%
|
2.12
-9%
|
1.94
-8%
|
2.31
+19%
|
2.43
+5%
|
2.65
+9%
|
3.1
+17%
|
3.4
+10%
|
3.52
+4%
|
3.37
-4%
|
3.09
-8%
|
2.88
-7%
|
2.97
+3%
|
3.15
+6%
|
3.1
-2%
|