WESCO INTERNATIONAL INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
WCC$316.70+0.1%Stored close · as of Nov 10, 2026
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Condensed Consolidated Balance Sheets (unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| As of | ||
|---|---|---|
| Assets | September 30,2024 | December 31,2023 |
| Current assets: | ||
| Cash and cash equivalents | $706.8 | $524.1 |
| Trade accounts receivable, net of allowance for expected credit losses of $61.0 and $55.9 in 2024 and 2023, respectively | 3,629.1 | 3,639.5 |
| Other accounts receivable | 398.8 | 430.5 |
| Inventories | 3,630.1 | 3,572.1 |
| Prepaid expenses and other current assets | 318.7 | 225.4 |
| Total current assets | 8,683.5 | 8,391.6 |
| Property, buildings and equipment, net of accumulated depreciation of $532.8 and $502.5 in 2024 and 2023, respectively | 441.7 | 423.6 |
| Operating lease assets | 747.6 | 761.2 |
| Intangible assets, net | 1,811.2 | 1,857.6 |
| Goodwill | 3,217.7 | 3,262.3 |
| Deferred income taxes | 38.1 | 42.3 |
| Other assets | 335.2 | 322.3 |
| Total assets | $15,275.0 | $15,060.9 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $2,839.1 | $2,431.5 |
| Accrued payroll and benefit costs | 219.9 | 191.7 |
| Short-term debt and current portion of long-term debt | 14.9 | 8.6 |
| Other current liabilities | 854.6 | 756.6 |
| Total current liabilities | 3,928.5 | 3,388.4 |
| Long-term debt, net of debt discount and debt issuance costs of $50.6 and $43.0 in 2024 and 2023, respectively | 5,007.8 | 5,313.1 |
| Operating lease liabilities | 624.6 | 641.7 |
| Deferred income taxes | 440.4 | 451.9 |
| Other noncurrent liabilities | 236.9 | 233.9 |
| Total liabilities | $10,238.2 | $10,029.0 |
| Commitments and Contingencies (Note 12) | ||
| Stockholders’ equity: | ||
| Preferred stock, $.01 par value; 20,000,000 shares authorized, no shares issued or outstanding | $— | $— |
| Preferred stock, Series A, $.01 par value; 25,000 shares authorized, 21,612 shares issued and outstanding in 2024 and 2023 | — | — |
| Common stock, $.01 par value; 210,000,000 shares authorized, 69,575,119 and 69,278,677 shares issued, and 49,000,624 and 50,897,122 shares outstanding in 2024 and 2023, respectively | 0.7 | 0.7 |
| Class B nonvoting convertible common stock, $.01 par value; 20,000,000 shares authorized, 4,339,431 issued and no shares outstanding in 2024 and 2023, respectively | — | — |
| Additional capital | 2,042.4 | 2,037.1 |
| Retained earnings | 4,829.8 | 4,391.7 |
| Treasury stock, at cost; 24,913,926 and 22,720,986 shares in 2024 and 2023, respectively | (1,440.7) | (1,060.4) |
| Accumulated other comprehensive loss | (389.8) | (332.0) |
| Total WESCO International, Inc. stockholders’ equity | 5,042.4 | 5,037.1 |
| Noncontrolling interests | (5.6) | (5.2) |
| Total stockholders’ equity | 5,036.8 | 5,031.9 |
| Total liabilities and stockholders’ equity | $15,275.0 | $15,060.9 |
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