CDW Holding Ltd
SGX:BXE
Income Statement
Earnings Waterfall
CDW Holding Ltd
Income Statement
CDW Holding Ltd
| Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | 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 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
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
|
0
|
1
|
1
|
0
|
0
|
0
|
|
| Revenue |
163
N/A
|
182
+12%
|
196
+8%
|
199
+1%
|
194
-3%
|
190
-2%
|
175
-8%
|
176
+0%
|
172
-2%
|
155
-10%
|
152
-2%
|
155
+2%
|
151
-3%
|
137
-9%
|
118
-14%
|
106
-11%
|
103
-3%
|
104
+1%
|
103
-1%
|
98
-5%
|
103
+5%
|
104
+1%
|
104
+0%
|
102
-2%
|
96
-6%
|
90
-7%
|
90
+1%
|
93
+3%
|
95
+2%
|
97
+2%
|
101
+5%
|
106
+4%
|
112
+6%
|
126
+13%
|
143
+14%
|
142
-1%
|
148
+4%
|
142
-4%
|
109
-23%
|
96
-12%
|
86
-11%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(127)
|
(141)
|
(151)
|
(152)
|
(149)
|
(147)
|
(137)
|
(138)
|
(136)
|
(121)
|
(118)
|
(121)
|
(117)
|
(105)
|
(91)
|
(82)
|
(79)
|
(81)
|
(78)
|
(74)
|
(77)
|
(77)
|
(77)
|
(76)
|
(72)
|
(68)
|
(71)
|
(74)
|
(76)
|
(78)
|
(81)
|
(84)
|
(89)
|
(103)
|
(117)
|
(116)
|
(122)
|
(117)
|
(91)
|
(80)
|
(72)
|
|
| Gross Profit |
36
N/A
|
41
+16%
|
46
+11%
|
48
+4%
|
45
-5%
|
42
-7%
|
39
-8%
|
38
-2%
|
36
-4%
|
34
-8%
|
34
+0%
|
35
+3%
|
34
-2%
|
32
-7%
|
27
-16%
|
24
-10%
|
23
-3%
|
24
+1%
|
25
+5%
|
24
-1%
|
26
+5%
|
27
+6%
|
27
0%
|
26
-4%
|
24
-8%
|
21
-11%
|
19
-8%
|
19
-3%
|
18
-2%
|
18
-1%
|
20
+10%
|
22
+9%
|
23
+2%
|
23
+3%
|
26
+13%
|
26
+0%
|
26
-2%
|
25
-2%
|
19
-26%
|
16
-13%
|
14
-16%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(27)
|
(28)
|
(27)
|
(27)
|
(27)
|
(26)
|
(25)
|
(24)
|
(23)
|
(22)
|
(22)
|
(22)
|
(17)
|
(17)
|
(23)
|
(16)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(21)
|
(22)
|
(22)
|
(19)
|
(19)
|
(16)
|
(16)
|
(16)
|
(20)
|
(18)
|
(19)
|
(20)
|
(21)
|
(22)
|
(21)
|
(20)
|
(19)
|
(19)
|
(18)
|
|
| Selling, General & Administrative |
(27)
|
(28)
|
(29)
|
(29)
|
(28)
|
(29)
|
(29)
|
(29)
|
(28)
|
(26)
|
(24)
|
(25)
|
(24)
|
(24)
|
(22)
|
(23)
|
(23)
|
(22)
|
(21)
|
(22)
|
(22)
|
(22)
|
(21)
|
(22)
|
(22)
|
(21)
|
(20)
|
(21)
|
(21)
|
(20)
|
(20)
|
(20)
|
(19)
|
(21)
|
(21)
|
(23)
|
(21)
|
(21)
|
(18)
|
(19)
|
(17)
|
|
| Depreciation & Amortization |
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)
|
0
|
(1)
|
0
|
(1)
|
0
|
(1)
|
0
|
(2)
|
0
|
(1)
|
|
| Other Operating Expenses |
2
|
2
|
1
|
1
|
1
|
3
|
4
|
4
|
5
|
3
|
2
|
2
|
7
|
6
|
0
|
6
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
1
|
5
|
5
|
4
|
1
|
2
|
1
|
1
|
1
|
2
|
1
|
1
|
0
|
0
|
0
|
|
| Operating Income |
8
N/A
|
13
+57%
|
18
+40%
|
20
+11%
|
18
-11%
|
16
-10%
|
14
-16%
|
13
-2%
|
13
-1%
|
11
-17%
|
12
+6%
|
13
+7%
|
17
+34%
|
14
-15%
|
4
-71%
|
8
+94%
|
2
-75%
|
3
+41%
|
4
+43%
|
3
-18%
|
5
+40%
|
6
+22%
|
6
+12%
|
4
-39%
|
2
-42%
|
2
-7%
|
0
-92%
|
3
+1 840%
|
3
-19%
|
2
-20%
|
0
-80%
|
4
+766%
|
4
+10%
|
3
-25%
|
5
+64%
|
5
-5%
|
5
+1%
|
5
+1%
|
(1)
N/A
|
(3)
-308%
|
(5)
-58%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(0)
|
(1)
|
0
|
0
|
(1)
|
(0)
|
(0)
|
0
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
1
|
1
|
1
|
2
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
5
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
(1)
|
3
|
0
|
0
|
0
|
1
|
0
|
(0)
|
0
|
(0)
|
1
|
11
|
10
|
(0)
|
0
|
(0)
|
|
| Total Other Income |
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
8
N/A
|
13
+57%
|
18
+40%
|
22
+19%
|
19
-11%
|
18
-10%
|
16
-12%
|
14
-11%
|
14
-1%
|
11
-17%
|
11
+1%
|
12
+7%
|
17
+35%
|
14
-16%
|
10
-28%
|
8
-25%
|
2
-79%
|
2
+49%
|
3
+27%
|
3
-5%
|
4
+48%
|
5
+24%
|
5
-14%
|
3
-23%
|
2
-47%
|
1
-60%
|
3
+251%
|
2
-10%
|
1
-36%
|
1
-49%
|
(1)
N/A
|
2
N/A
|
3
+95%
|
3
-24%
|
4
+56%
|
6
+49%
|
16
+169%
|
14
-12%
|
(1)
N/A
|
(3)
-220%
|
(5)
-49%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(3)
|
(4)
|
(7)
|
(7)
|
(7)
|
(6)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
(3)
|
(2)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
|
| Income from Continuing Operations |
6
|
9
|
11
|
15
|
13
|
12
|
11
|
10
|
10
|
8
|
8
|
9
|
13
|
11
|
8
|
6
|
1
|
1
|
0
|
0
|
1
|
2
|
2
|
1
|
(0)
|
(1)
|
1
|
1
|
0
|
(1)
|
(2)
|
(0)
|
1
|
1
|
2
|
4
|
14
|
13
|
(1)
|
(3)
|
(5)
|
|
| Income to Minority Interest |
(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
|
0
|
0
|
0
|
0
|
0
|
1
|
|
| Net Income (Common) |
6
N/A
|
9
+55%
|
11
+30%
|
15
+27%
|
13
-11%
|
12
-10%
|
11
-3%
|
10
-13%
|
10
-3%
|
8
-15%
|
8
+3%
|
9
+2%
|
13
+48%
|
11
-14%
|
8
-27%
|
6
-19%
|
1
-92%
|
1
+23%
|
0
-38%
|
0
-55%
|
1
+406%
|
2
+109%
|
2
-9%
|
1
-44%
|
0
-99%
|
(0)
N/A
|
1
N/A
|
1
-23%
|
0
-90%
|
(1)
N/A
|
(2)
-132%
|
(0)
+86%
|
1
N/A
|
1
-49%
|
2
+215%
|
5
+93%
|
14
+217%
|
13
-10%
|
(1)
N/A
|
(3)
-185%
|
(4)
-45%
|
|
| EPS (Diluted) |
0.03
N/A
|
0.04
+33%
|
0.05
+25%
|
0.06
+20%
|
0.05
-17%
|
0.04
-20%
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.04
N/A
|
0.05
+25%
|
0.04
-20%
|
0.03
-25%
|
0.02
-33%
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0.01
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
-0.01
N/A
|
0
N/A
|
0.01
N/A
|
0
N/A
|
0.01
N/A
|
0.02
+100%
|
0.06
+200%
|
0.06
N/A
|
0
N/A
|
-0.01
N/A
|
-0.02
-100%
|
|