CDW · 8-K · 20260805PR000062
Operating Cash Flow Trends
CDW Corp · 2026-08-05 · Importance 51 · Surprise 64 · No source text
Cash provided by operating activities fell to $219.7 million in the first six months of 2026 from $443.1 million in the first six months of 2025. Capital expenditures increased to $53.9 million from $49.4 million, resulting in free cash flow of $165.8 million versus $393.7 million. Adjusted free cash flow declined to $278.4 million from $458.9 million after including inventory-financing cash flows. The decline in operating cash flow reduced cash and cash equivalents to $361.8 million at June 30, 2026 from $618.7 million at December 31, 2025.
Key facts
- Net cash (used in) provided by investing activities for the six months ended June 30, 2026 was $(58.8) million, compared to $154.6 million for the six months ended June 30, 2025. source
- Net cash provided by operating activities for the six months ended June 30, 2026 was $219.7 million, compared to $443.1 million for the six months ended June 30, 2025. source
- Free cash flow for the six months ended June 30, 2026 was $165.8 million, compared to $393.7 million for the six months ended June 30, 2025. source
- Adjusted free cash flow for the six months ended June 30, 2026 was $278.4 million, compared to $458.9 million for the six months ended June 30, 2025. source
- Capital expenditures for the six months ended June 30, 2026 were $53.9 million, compared to $49.4 million for the six months ended June 30, 2025. source
- Weighted-average diluted shares outstanding were 127 million for the second quarter of 2026, compared to 132 million for the second quarter of 2025. source
- Days of sales outstanding at June 30, 2026 were 93 days. source
- Days of supply in inventory at June 30, 2026 were 16 days. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -1.3% | Free cash flow for the six months ended June 30, 2026 was $165.8 million, compared to $393.7 million for the six months ended June 30, 2025. |
| cash | negative | realized | -1.3% | Net cash provided by operating activities for the six months ended June 30, 2026 was $219.7 million, compared to $443.1 million for the… |
| cash | negative | realized | -1.2% | Net cash (used in) provided by investing activities for the six months ended June 30, 2026 was $(58.8) million, compared to $154.6 million… |
| cash | negative | realized | -1.1% | Adjusted free cash flow for the six months ended June 30, 2026 was $278.4 million, compared to $458.9 million for the six months ended… |