XML 34 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
OTHER FINANCIAL INFORMATION Condensed Cash Flow Statement (Tables)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Condensed Cash Flow Statements, Captions [Line Items]    
Condensed Cash Flow Statement [Table Text Block]
 
Condensed Consolidating Statement of Cash Flows
 
Six Months Ended
 
June 30, 2017
 
 
 
 
 
 
 
 
 
 
(In thousands of dollars)
WESCO
International,
Inc.
 
WESCO
Distribution,
Inc.
 
Non-Guarantor
Subsidiaries
 
Consolidating
and Eliminating
Entries
 
Consolidated
Net cash provided by (used in) operating activities
$
9,117

 
$
73,130

 
$
(15,478
)
 
$

 
$
66,769

Investing activities:

 

 

 

 

Capital expenditures

 
(4,259
)
 
(5,536
)
 

 
(9,795
)
Dividends received from subsidiaries

 
33,818

 

 
(33,818
)
 

Other

 
(72,761
)
 
12,322

 
63,906

 
3,467

Net cash (used in) provided by investing activities

 
(43,202
)
 
6,786

 
30,088

 
(6,328
)
Financing activities:
 
 
 
 
 
 
 
 
 
Borrowings
47,548

 
313,749

 
442,674

 
(72,636
)
 
731,335

Repayments

 
(348,478
)
 
(420,847
)
 
8,730

 
(760,595
)
Repurchases of common stock
(56,665
)
 

 

 

 
(56,665
)
Dividends paid by subsidiaries

 

 
(33,818
)
 
33,818

 

Other

 
(613
)
 

 

 
(613
)
Net cash used in financing activities
(9,117
)
 
(35,342
)
 
(11,991
)
 
(30,088
)
 
(86,538
)
Effect of exchange rate changes on cash and cash equivalents

 

 
3,765

 

 
3,765

Net change in cash and cash equivalents

 
(5,414
)
 
(16,918
)
 

 
(22,332
)
Cash and cash equivalents at the beginning of period

 
41,552

 
68,579

 

 
110,131

Cash and cash equivalents at the end of period
$

 
$
36,138

 
$
51,661

 
$

 
$
87,799

 
Condensed Consolidating Statement of Cash Flows
 
Six Months Ended
 
June 30, 2016
 
 
 
 
 
 
 
 
 
 
(In thousands of dollars)
WESCO
International,
Inc.
 
WESCO
Distribution,
Inc.
 
Non-Guarantor
Subsidiaries
 
Consolidating
and Eliminating
Entries
 
Consolidated
Net cash (used in) provided by operating activities
$
(233
)
 
$
(236,891
)
 
$
375,734

 
$

 
$
138,610

Investing activities:

 

 

 

 

Capital expenditures

 
(5,507
)
 
(1,579
)
 

 
(7,086
)
Acquisition payments, net of cash acquired

 
(50,946
)
 

 

 
(50,946
)
Dividends received from subsidiaries

 
31,234

 

 
(31,234
)
 

Other

 
(23,477
)
 
627

 
14,747

 
(8,103
)
Net cash used in investing activities

 
(48,696
)
 
(952
)
 
(16,487
)
 
(66,135
)
Financing activities:
 
 
 
 
 
 
 
 
 
Borrowings
973

 
919,017

 
193,624

 
(23,477
)
 
1,090,137

Repayments

 
(636,747
)
 
(537,712
)
 
8,730

 
(1,165,729
)
Dividends paid by subsidiaries

 

 
(31,234
)
 
31,234

 

Other
(740
)
 
152

 

 

 
(588
)
Net cash provided by (used in) financing activities
233

 
282,422

 
(375,322
)
 
16,487

 
(76,180
)
Effect of exchange rate changes on cash and cash equivalents

 

 
3,716

 

 
3,716

Net change in cash and cash equivalents

 
(3,165
)
 
3,176

 

 
11

Cash and cash equivalents at the beginning of period

 
38,963

 
121,316

 

 
160,279

Cash and cash equivalents at the end of period
$

 
$
35,798

 
$
124,492

 
$

 
$
160,290