WEX Inc
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
WEX$180.51-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at and
| Table of Contents | PART II |
|---|
WEX INC. CONSOLIDATED BALANCE SHEETS
(in millions, except per share data)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Cash and cash equivalents | $975.8 | $922.0 |
| Restricted cash | 1,254.2 | 937.8 |
| Accounts receivable, net | 3,428.5 | 3,275.7 |
| Investment securities | 3,022.1 | 1,395.3 |
| Securitized accounts receivable, restricted | 129.4 | 143.2 |
| Prepaid expenses and other current assets | 125.3 | 143.3 |
| Total current assets | 8,935.3 | 6,817.1 |
| Property, equipment and capitalized software | 242.9 | 202.2 |
| Goodwill | 3,015.7 | 2,728.9 |
| Other intangible assets | 1,458.7 | 1,473.6 |
| Investment securities | 66.8 | 48.0 |
| Deferred income taxes, net | 13.7 | 13.4 |
| Other assets | 149.0 | 246.0 |
| Total assets | $13,882.1 | $11,529.2 |
| Liabilities and Stockholders’ Equity | ||
| Accounts payable | $1,479.1 | $1,365.8 |
| Accrued expenses and other current liabilities | 802.7 | 643.9 |
| Restricted cash payable | 1,253.5 | 937.1 |
| Short-term deposits | 3,942.8 | 3,144.6 |
| Short-term debt, net | 1,041.1 | 202.6 |
| Total current liabilities | 8,519.2 | 6,294.1 |
| Long-term debt, net | 2,827.5 | 2,522.2 |
| Long-term deposits | 129.8 | 334.2 |
| Deferred income taxes, net | 129.5 | 142.2 |
| Other liabilities | 455.5 | 587.1 |
| Total liabilities | 12,061.5 | 9,879.7 |
| Commitments and contingencies (Note 20) | ||
| Stockholders’ Equity | ||
| Common stock $0.01 par value; 175.0 shares authorized; 49.9 shares issued in 2023 and 49.6 in 2022; 41.9 shares outstanding in 2023 and 43.2 in 2022 | 0.5 | 0.5 |
| Additional paid-in capital | 1,053.0 | 928.0 |
| Retained earnings | 1,757.1 | 1,490.5 |
| Accumulated other comprehensive loss | (229.2) | (306.3) |
| Treasury stock at cost; 8.0 and 6.3 shares in 2023 and 2022, respectively | (760.8) | (463.2) |
| Total stockholders’ equity | 1,820.6 | 1,649.5 |
| Total liabilities and stockholders’ equity | $13,882.1 | $11,529.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.