$CNXN
PC CONNECTION INC

2014 Q2 Form 10-Q Financial Statement

#000119312514295796 Filed on August 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $633.2M $557.3M
YoY Change 13.63% 2.71%
Cost Of Revenue $549.5M $483.4M
YoY Change 13.68% 2.63%
Gross Profit $83.77M $73.92M
YoY Change 13.33% 3.28%
Gross Profit Margin 13.23% 13.26%
Selling, General & Admin $64.56M $58.53M
YoY Change 10.3% 2.86%
% of Gross Profit 77.08% 79.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.800M $1.700M
YoY Change 5.88% 6.25%
% of Gross Profit 2.15% 2.3%
Operating Expenses $64.56M $58.53M
YoY Change 10.3% 2.86%
Operating Profit $19.20M $15.38M
YoY Change 24.83% 4.87%
Interest Expense $26.00K $46.00K
YoY Change -43.48% -28.13%
% of Operating Profit 0.14% 0.3%
Other Income/Expense, Net -$26.00K -$46.00K
YoY Change -43.48% 58.62%
Pretax Income $19.18M $15.34M
YoY Change 25.03% 5.23%
Income Tax $7.747M $6.183M
% Of Pretax Income 40.4% 40.31%
Net Earnings $11.43M $9.154M
YoY Change 24.85% 3.72%
Net Earnings / Revenue 1.8% 1.64%
Basic Earnings Per Share $0.44 $0.35
Diluted Earnings Per Share $0.43 $0.35
COMMON SHARES
Basic Shares Outstanding 26.21M shares 26.13M shares
Diluted Shares Outstanding 26.49M shares 26.38M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $60.30M $64.20M
YoY Change -6.07% 1.26%
Cash & Equivalents $60.29M $64.22M
Short-Term Investments
Other Short-Term Assets $10.90M $9.900M
YoY Change 10.1% 22.22%
Inventory $97.19M $77.14M
Prepaid Expenses
Receivables $295.3M $256.1M
Other Receivables
Total Short-Term Assets $464.5M $407.8M
YoY Change 13.91% 1.28%
LONG-TERM ASSETS
Property, Plant & Equipment $27.68M $27.37M
YoY Change 1.13% 9.91%
Goodwill $51.28M $51.28M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $698.0K $701.0K
YoY Change -0.43% -0.99%
Total Long-Term Assets $82.06M $82.65M
YoY Change -0.72% 1.31%
TOTAL ASSETS
Total Short-Term Assets $464.5M $407.8M
Total Long-Term Assets $82.06M $82.65M
Total Assets $546.6M $490.4M
YoY Change 11.45% 1.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $153.2M $124.6M
YoY Change 22.96% -9.83%
Accrued Expenses $35.30M $43.00M
YoY Change -17.91% -2.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $500.0K
YoY Change -50.0%
Total Short-Term Liabilities $188.5M $168.1M
YoY Change 12.15% -8.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $2.504M $2.968M
YoY Change -15.63% -1.62%
Total Long-Term Liabilities $2.504M $2.968M
YoY Change -15.63% -1.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $188.5M $168.1M
Total Long-Term Liabilities $2.504M $2.968M
Total Liabilities $207.3M $181.5M
YoY Change 14.24% -7.63%
SHAREHOLDERS EQUITY
Retained Earnings $249.0M $220.5M
YoY Change 12.93% 12.18%
Common Stock $106.1M $104.4M
YoY Change 1.6% 3.38%
Preferred Stock
YoY Change
Treasury Stock (at cost) $15.86M $15.98M
YoY Change -0.74% 62.64%
Treasury Stock Shares
Shareholders Equity $339.3M $308.9M
YoY Change
Total Liabilities & Shareholders Equity $546.6M $490.4M
YoY Change 11.45% 1.29%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $11.43M $9.154M
YoY Change 24.85% 3.72%
Depreciation, Depletion And Amortization $1.800M $1.700M
YoY Change 5.88% 6.25%
Cash From Operating Activities -$3.000M $8.000M
YoY Change -137.5% -52.38%
INVESTING ACTIVITIES
Capital Expenditures -$2.000M -$2.600M
YoY Change -23.08% 8.33%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$2.000M -$2.600M
YoY Change -23.08% 8.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 400.0K 300.0K
YoY Change 33.33% -137.5%
NET CHANGE
Cash From Operating Activities -3.000M 8.000M
Cash From Investing Activities -2.000M -2.600M
Cash From Financing Activities 400.0K 300.0K
Net Change In Cash -4.600M 5.700M
YoY Change -180.7% -58.09%
FREE CASH FLOW
Cash From Operating Activities -$3.000M $8.000M
Capital Expenditures -$2.000M -$2.600M
Free Cash Flow -$1.000M $10.60M
YoY Change -109.43% -44.79%

Facts In Submission

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dei Trading Symbol
TradingSymbol
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dei Entity Registrant Name
EntityRegistrantName
PC CONNECTION INC
dei Amendment Flag
AmendmentFlag
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dei Entity Filer Category
EntityFilerCategory
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dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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dei Document Type
DocumentType
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dei Document Period End Date
DocumentPeriodEndDate
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dei Entity Central Index Key
EntityCentralIndexKey
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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