WESCO INTERNATIONAL INC
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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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, 2025 · Filed Oct 30, 2025
WCC$316.70+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
| Nine Months Ended | ||
|---|---|---|
| September 30 | ||
| 2025 | 2024 | |
| Operating activities: | ||
| Net income | $481.6 | $553.5 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 145.8 | 137.6 |
| Stock-based compensation expense | 29.3 | 19.6 |
| Cloud computing arrangement amortization | 20.1 | 9.7 |
| Amortization of debt issuance costs and debt discount | 9.9 | 12.2 |
| Gain on divestiture | — | (122.2) |
| Loss on abandonment of assets | — | 17.8 |
| Other operating activities, net | (1.2) | 1.3 |
| Changes in assets and liabilities: | ||
| Trade accounts receivable, net | (703.6) | (217.9) |
| Other accounts receivable | (43.0) | 28.1 |
| Inventories | (506.3) | (85.0) |
| Other current and noncurrent assets | (71.3) | (137.4) |
| Accounts payable | 674.1 | 478.0 |
| Accrued payroll and benefit costs | (3.5) | 26.1 |
| Other current and noncurrent liabilities | 21.2 | 103.2 |
| Net cash provided by operating activities | 53.1 | 824.6 |
| Investing activities: | ||
| Capital expenditures | (55.4) | (70.4) |
| Acquisition payments, net of cash acquired | (36.0) | (41.7) |
| Proceeds from divestiture, net of cash transferred | — | 354.9 |
| Other investing activities, net | (9.0) | 6.9 |
| Net cash (used in) provided by investing activities | (100.4) | 249.7 |
| Financing activities: | ||
| Proceeds from short-term debt, net | 4.9 | 0.2 |
| Proceeds from issuance of long-term debt | 5,073.7 | 5,524.0 |
| Repayments of long-term debt | (4,399.1) | (5,842.4) |
| Debt issuance costs | (14.0) | (26.6) |
| Payments for taxes related to net-share settlement of equity awards | (35.9) | (26.2) |
| Repurchases of common stock | (75.0) | (375.0) |
| Redemption of preferred stock | (540.3) | — |
| Payment of common stock dividends | (66.3) | (61.4) |
| Payment of preferred stock dividends | (27.3) | (43.1) |
| Other financing activities, net | (14.9) | (23.8) |
| Net cash used in financing activities | (94.2) | (874.3) |
| Effect of exchange rate changes on cash and cash equivalents | 10.8 | (17.3) |
| Net change in cash and cash equivalents | (130.7) | 182.7 |
| Cash and cash equivalents at the beginning of period | 702.6 | 524.1 |
| Cash and cash equivalents at the end of period | $571.9 | $706.8 |
| Supplemental disclosures: | ||
| Cash paid for interest | $275.3 | $251.4 |
| Cash paid for income taxes | $213.2 | $223.0 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $300.5 | $161.9 |
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