WESCO INTERNATIONAL INC
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
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FY2024 · Filed Feb 14, 2025
WCC$316.70+0.1%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets as of December 31, 202 and
| CONSOLIDATED BALANCE SHEETS | ||
|---|---|---|
| As of December 31, | ||
| 2024 | 2023 | |
| (In millions, except per share data) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $702.6 | $524.1 |
| Trade accounts receivable, net of allowance for expected credit losses of $55.0 and $55.9 in 2024 and 2023, respectively | 3,454.4 | 3,639.5 |
| Other accounts receivable | 416.3 | 430.5 |
| Inventories | 3,501.7 | 3,572.1 |
| Prepaid expenses and other current assets | 276.4 | 225.4 |
| Total current assets | 8,351.4 | 8,391.6 |
| Property, buildings and equipment, net | 442.9 | 423.6 |
| Operating lease assets | 735.1 | 761.2 |
| Intangible assets, net | 1,835.9 | 1,857.6 |
| Goodwill | 3,280.1 | 3,262.3 |
| Deferred income taxes | 41.9 | 42.3 |
| Other assets | 374.1 | 322.3 |
| Total assets | $15,061.4 | $15,060.9 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $2,670.6 | $2,431.5 |
| Accrued payroll and benefit costs | 242.3 | 191.7 |
| Short-term debt and current portion of long-term debt | 19.5 | 8.6 |
| Other current liabilities | 871.6 | 756.6 |
| Total current liabilities | 3,804.0 | 3,388.4 |
| Long-term debt, net of debt discount and debt issuance costs of $47.2 and $43.0 in 2024 and 2023, respectively | 5,045.5 | 5,313.1 |
| Operating lease liabilities | 614.8 | 641.7 |
| Deferred income taxes | 415.6 | 451.9 |
| Other noncurrent liabilities | 216.0 | 233.9 |
| Total liabilities | $10,095.9 | $10,029.0 |
| Commitments and contingencies (Note 15) | ||
| 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, respectively | — | — |
| Common stock, $.01 par value; 210,000,000 shares authorized, 69,627,398 and 69,278,677 shares issued and 48,790,595 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 | 2,051.6 | 2,037.1 |
| Retained earnings | 4,960.7 | 4,391.7 |
| Treasury stock, at cost; 25,176,234 and 22,720,986 shares in 2024 and 2023, respectively | (1,495.1) | (1,060.4) |
| Accumulated other comprehensive loss | (547.2) | (332.0) |
| Total WESCO International, Inc. stockholders’ equity | 4,970.7 | 5,037.1 |
| Noncontrolling interests | (5.2) | (5.2) |
| Total stockholders’ equity | 4,965.5 | 5,031.9 |
| Total liabilities and stockholders’ equity | $15,061.4 | $15,060.9 |
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