PC CONNECTION INC
For the period ended Dec 31, 2023. Filed Mar 7, 2024.
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FY2023 · Filed Mar 7, 2024
CNXN$80.09+1.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| | | | | | | | |
|---|---|---|---|---|---|---|---|
| · · December 31, | |||||||
| · 2023 · 2022 | |||||||
| ASSETS | | | | | | | |
| Current Assets: | | | | | | | |
| Cash and cash equivalents | | $144,954 | | $122,930 | | ||
| Short-term investments | | | 152,232 | | | — | |
| Accounts receivable, net | | 606,834 | | 610,280 | | ||
| Inventories, net | | 124,179 | | 208,682 | | ||
| Income taxes receivable | | | 4,348 | | | — | |
| Prepaid expenses and other current assets | | 16,092 | | 11,900 | | ||
| Total current assets | | 1,048,639 | | 953,792 | | ||
| Property and equipment, net | | 56,658 | | 59,171 | | ||
| Right-of-use assets | | | 4,340 | | | 7,558 | |
| Goodwill | | 73,602 | | 73,602 | | ||
| Intangibles, net | | 3,428 | | 4,648 | | ||
| Other assets | | 1,714 | | 1,055 | | ||
| Total Assets | | $1,188,381 | | $1,099,826 | | ||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | | | |
| Current Liabilities: | | | | | | | |
| Accounts payable | | $263,682 | | $232,638 | | ||
| Accrued payroll | | 20,440 | | 24,071 | | ||
| Accrued expenses and other liabilities | | 43,843 | | 53,808 | | ||
| Total current liabilities | | 327,965 | | 310,517 | | ||
| Deferred income taxes | | 15,844 | | 17,970 | | ||
| Noncurrent operating lease liabilities | | | 3,181 | | | 4,994 | |
| Other liabilities | | 624 | | 170 | | ||
| Total Liabilities | | 347,614 | | 333,651 | | ||
| Stockholders’ Equity: | | | | | | | |
| Common Stock, $.01 par value, 100,000 shares authorized, 29,262 and 29,123 issued, 26,360 and 26,350 outstanding at December 31, 2023 and 2022, respectively | | | 293 | | | 291 | |
| Additional paid-in capital | | 130,878 | | 125,784 | | ||
| Retained earnings | | 760,898 | | 686,037 | | ||
| Accumulated other comprehensive income | | | 81 | | | — | |
| Treasury stock at cost, 2,902 and 2,773 shares at December 31, 2023 and 2022, respectively | | | (51,383) | | | (45,937) | |
| Total Stockholders’ Equity | | 840,767 | | 766,175 | | ||
| Total Liabilities and Stockholders’ Equity | | $1,188,381 | | $1,099,826 | | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.