PC CONNECTION INC

For the period ended Dec 31, 2024. Filed Feb 24, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 24, 2025

CNXN$82.10+2.5%Stored close · as of Nov 10, 2026

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Contents

Item 8. Consolidated Statements of Cash Flows


· · · · · · · · ·
· · Years Ended December 31, ·
· 2024 · 2023 · 2022
Cash Flows provided by Operating Activities:
Net income	$87,095	$83,271	$89,219
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	12,984	12,654	11,978
Adjustments to credit losses reserve	1,914	1,847	3,252
Stock-based compensation expense	8,475	7,022	5,675
Deferred income taxes	(777)	(2,148)	(1,308)
Amortization of discount on short-term investments	(4,235)	(1,522)	—
Loss on disposal of fixed assets	58	572	17
Changes in assets and liabilities:
Accounts receivable	(6,513)	1,599	(6,000)
Inventories	29,125	84,503	(2,127)
Prepaid expenses, income tax receivable, and other current assets	2,690	(8,540)	(1,884)
Other non-current assets	618	(659)	(145)
Accounts payable	36,450	31,146	(49,056)
Accrued expenses and other liabilities	5,984	(11,791)	(14,732)
Net cash provided by operating activities	173,868	197,954	34,889
Cash Flows used in Investing Activities:
Purchases of short-term investments	(358,317)	(150,607)	—
Maturities of short-term investments	250,606	—	—
Purchases of equipment and capitalized software	(7,575)	(9,595)	(9,077)
Net cash used in investing activities	(115,286)	(160,202)	(9,077)
Cash Flows used in Financing Activities:
Proceeds from short-term borrowings	26,051	88,198	36,463
Repayment of short-term borrowings	(26,051)	(88,198)	(36,463)
Purchase of treasury shares	(12,375)	(5,392)	—
Dividend payments	(10,527)	(8,410)	(8,948)
Issuance of stock under Employee Stock Purchase Plan	1,108	1,089	—
Payment of payroll taxes on stock-based compensation through shares withheld	(3,424)	(3,015)	(2,244)
Net cash used in financing activities	(25,218)	(15,728)	(11,192)
Increase in cash and cash equivalents	33,364	22,024	14,620
Cash and cash equivalents, beginning of year	144,954	122,930	108,310
Cash and cash equivalents, end of year	$178,318	$144,954	$122,930

Non-cash Investing and Financing Activities:
Accrued capital expenditures	$200	$90	$192
Accrued purchase of treasury shares	$240	$—	$—
Accrued excise tax on treasury purchases	$36	$54	$—
Supplemental Cash Flow Information:
Income taxes paid	$29,295	$41,668	$33,687
Interest paid	$6	$24	$4

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.