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OTHER FINANCIAL INFORMATION | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information [Abstract] |
OTHER FINANCIAL INFORMATION | 18. CONDENSED CONSOLIDATING FINANCIAL INFORMATION WESCO Distribution has outstanding $500 million in aggregate principal amount of 2021 Notes and $350 million in aggregate principal amount of 2024 Notes. The 2021 Notes and 2024 Notes are unsecured senior obligations of WESCO Distribution and are fully and unconditionally guaranteed on a senior unsecured basis by WESCO International. Condensed consolidating financial information for WESCO International, WESCO Distribution and the non-guarantor subsidiaries is presented in the following tables.
| Condensed Consolidating Balance Sheet
| December 31, 2018
| (In thousands)
| WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Cash and cash equivalents | $ | — |  |  | $ | 35,931 |  |  | $ | 60,412 |  |  | $ | — |  |  | $ | 96,343 |
Trade accounts receivable, net | — |  |  | — |  |  | 1,166,607 |  |  | — |  |  | 1,166,607 |
Inventories | — |  |  | 440,422 |  |  | 508,304 |  |  | — |  |  | 948,726 |
Prepaid expenses and other current assets | 1,123 |  |  | 57,586 |  |  | 124,523 |  |  | (9,268 | ) |  | 173,964 |
Total current assets | 1,123 |  |  | 533,939 |  |  | 1,859,846 |  |  | (9,268 | ) |  | 2,385,640 |
Intercompany receivables, net | — |  |  | — |  |  | 2,403,704 |  |  | (2,403,704 | ) |  | — |
Property, buildings and equipment, net | — |  |  | 63,506 |  |  | 97,372 |  |  | — |  |  | 160,878 |
Intangible assets, net | — |  |  | 2,131 |  |  | 313,885 |  |  | — |  |  | 316,016 |
Goodwill | — |  |  | 257,623 |  |  | 1,464,980 |  |  | — |  |  | 1,722,603 |
Investments in affiliates | 3,182,469 |  |  | 5,137,783 |  |  |  |  |  | (8,320,252 | ) |  | — |
Other assets | — |  |  | 2,905 |  |  | 16,994 |  |  |  |  |  | 19,899 |
Total assets | $ | 3,183,592 |  |  | $ | 5,997,887 |  |  | $ | 6,156,781 |  |  | $ | (10,733,224 | ) |  | $ | 4,605,036 |
Accounts payable | $ | — |  |  | $ | 404,373 |  |  | $ | 389,975 |  |  | $ | — |  |  | $ | 794,348 |
Short-term debt | — |  |  | — |  |  | 30,785 |  |  | — |  |  | 30,785 |
Other current liabilities | — |  |  | 86,600 |  |  | 159,481 |  |  | (9,268 | ) |  | 236,813 |
Total current liabilities | — |  |  | 490,973 |  |  | 580,241 |  |  | (9,268 | ) |  | 1,061,946 |
Intercompany payables, net | 1,048,282 |  |  | 1,355,422 |  |  | — |  |  | (2,403,704 | ) |  | — |
Long-term debt | — |  |  | 842,093 |  |  | 325,218 |  |  | — |  |  | 1,167,311 |
Other noncurrent liabilities | — |  |  | 126,930 |  |  | 119,123 |  |  | — |  |  | 246,053 |
Total WESCO International stockholders’ equity | 2,135,310 |  |  | 3,182,469 |  |  | 5,137,783 |  |  | (8,320,252 | ) |  | 2,135,310 |
Noncontrolling interests | — |  |  | — |  |  | (5,584 | ) |  | — |  |  | (5,584 | )
Total liabilities and stockholders’ equity | $ | 3,183,592 |  |  | $ | 5,997,887 |  |  | $ | 6,156,781 |  |  | $ | (10,733,224 | ) |  | $ | 4,605,036 |
| Condensed Consolidating Balance Sheet
| December 31, 2017
| (In thousands)
| WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Cash and cash equivalents | $ | — |  |  | $ | 50,602 |  |  | $ | 67,351 |  |  | $ | — |  |  | $ | 117,953 |
Trade accounts receivable, net | — |  |  | — |  |  | 1,170,080 |  |  | — |  |  | 1,170,080 |
Inventories | — |  |  | 430,092 |  |  | 526,056 |  |  | — |  |  | 956,148 |
Prepaid expenses and other current assets | 4,730 |  |  | 42,547 |  |  | 152,531 |  |  | (35,140 | ) |  | 164,668 |
Total current assets | 4,730 |  |  | 523,241 |  |  | 1,916,018 |  |  | (35,140 | ) |  | 2,408,849 |
Intercompany receivables, net | — |  |  | — |  |  | 2,189,136 |  |  | (2,189,136 | ) |  | — |
Property, buildings and equipment, net | — |  |  | 50,198 |  |  | 106,247 |  |  | — |  |  | 156,445 |
Intangible assets, net | — |  |  | 2,770 |  |  | 364,334 |  |  | — |  |  | 367,104 |
Goodwill | — |  |  | 257,623 |  |  | 1,514,254 |  |  | — |  |  | 1,771,877 |
Investments in affiliates | 3,058,613 |  |  | 5,023,826 |  |  | — |  |  | (8,082,439 | ) |  | — |
Other assets | — |  |  | 2,778 |  |  | 28,415 |  |  | — |  |  | 31,193 |
Total assets | $ | 3,063,343 |  |  | $ | 5,860,436 |  |  | $ | 6,118,404 |  |  | $ | (10,306,715 | ) |  | $ | 4,735,468 |
Accounts payable | $ | — |  |  | $ | 417,690 |  |  | $ | 381,830 |  |  | $ | — |  |  | $ | 799,520 |
Short-term debt | — |  |  | — |  |  | 34,075 |  |  | — |  |  | 34,075 |
Other current liabilities | — |  |  | 80,039 |  |  | 162,475 |  |  | (35,140 | ) |  | 207,374 |
Total current liabilities | — |  |  | 497,729 |  |  | 578,380 |  |  | (35,140 | ) |  | 1,040,969 |
Intercompany payables, net | 939,784 |  |  | 1,249,352 |  |  | — |  |  | (2,189,136 | ) |  | — |
Long-term debt | — |  |  | 934,033 |  |  | 379,228 |  |  | — |  |  | 1,313,261 |
Other noncurrent liabilities | 3,820 |  |  | 120,709 |  |  | 140,566 |  |  | — |  |  | 265,095 |
Total WESCO International stockholders’ equity | 2,119,739 |  |  | 3,058,613 |  |  | 5,023,826 |  |  | (8,082,439 | ) |  | 2,119,739 |
Noncontrolling interests | — |  |  | — |  |  | (3,596 | ) |  | — |  |  | (3,596 | )
Total liabilities and stockholders’ equity | $ | 3,063,343 |  |  | $ | 5,860,436 |  |  | $ | 6,118,404 |  |  | $ | (10,306,715 | ) |  | $ | 4,735,468 |
| Condensed Consolidating Statement of Income and Comprehensive Income
| Year ended December 31, 2018
| (In thousands)
| WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net sales | $ | — |  |  | $ | 3,572,406 |  |  | $ | 4,757,321 |  |  | $ | (153,126 | ) |  | $ | 8,176,601 |
Cost of goods sold (excluding depreciation and | — |  |  | 2,890,490 |  |  | 3,871,856 |  |  | (153,126 | ) |  | 6,609,220 |
amortization) |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses | — |  |  | 590,009 |  |  | 561,935 |  |  | — |  |  | 1,151,944 |
Depreciation and amortization | — |  |  | 18,334 |  |  | 44,663 |  |  | — |  |  | 62,997 |
Results of affiliates’ operations | 225,355 |  |  | 209,802 |  |  | — |  |  | (435,157 | ) |  | — |
Net interest and other | — |  |  | 54,178 |  |  | 17,237 |  |  | — |  |  | 71,415 |
Provision for income taxes | — |  |  | 3,842 |  |  | 51,828 |  |  | — |  |  | 55,670 |
Net income | 225,355 |  |  | 225,355 |  |  | 209,802 |  |  | (435,157 | ) |  | 225,355 |
Less: Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (1,988 | ) |  | — |  |  | (1,988 | )
Net income attributable to WESCO International | $ | 225,355 |  |  | $ | 225,355 |  |  | $ | 211,790 |  |  | $ | (435,157 | ) |  | $ | 227,343 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (99,643 | ) |  | (99,643 | ) |  | (99,643 | ) |  | 199,286 |  |  | (99,643 | )
Post retirement benefit plan adjustments, net of tax | 3,798 |  |  | 3,798 |  |  | 3,798 |  |  | (7,596 | ) |  | 3,798 |
Comprehensive income attributable to WESCO International | $ | 129,510 |  |  | $ | 129,510 |  |  | $ | 115,945 |  |  | $ | (243,467 | ) |  | $ | 131,498 |
| Condensed Consolidating Statement of Income and Comprehensive Income
| Year ended December 31, 2017
| (In thousands)
| WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net sales | $ | — |  |  | $ | 3,370,088 |  |  | $ | 4,441,655 |  |  | $ | (132,722 | ) |  | $ | 7,679,021 |
Cost of goods sold (excluding depreciation and | — |  |  | 2,714,511 |  |  | 3,612,577 |  |  | (132,722 | ) |  | 6,194,366 |
amortization) |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses | — |  |  | 555,503 |  |  | 546,095 |  |  | — |  |  | 1,101,598 |
Depreciation and amortization | — |  |  | 18,442 |  |  | 45,575 |  |  | — |  |  | 64,017 |
Results of affiliates’ operations | 160,587 |  |  | 168,782 |  |  | — |  |  | (329,369 | ) |  | — |
Net interest and other | — |  |  | 94,313 |  |  | (27,713 | ) |  | — |  |  | 66,600 |
Provision for income taxes | (2,546 | ) |  | (4,486 | ) |  | 96,339 |  |  | — |  |  | 89,307 |
Net income | 163,133 |  |  | 160,587 |  |  | 168,782 |  |  | (329,369 | ) |  | 163,133 |
Less: Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (327 | ) |  | — |  |  | (327 | )
Net income attributable to WESCO International | $ | 163,133 |  |  | $ | 160,587 |  |  | $ | 169,109 |  |  | $ | (329,369 | ) |  | $ | 163,460 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | 85,762 |  |  | 85,762 |  |  | 85,762 |  |  | (171,524 | ) |  | 85,762 |
Post retirement benefit plan adjustments, net of tax | (6,381 | ) |  | (6,381 | ) |  | (6,381 | ) |  | 12,762 |  |  | (6,381 | )
Comprehensive income attributable to WESCO International | $ | 242,514 |  |  | $ | 239,968 |  |  | $ | 248,490 |  |  | $ | (488,131 | ) |  | $ | 242,841 |
| Condensed Consolidating Statement of Income and Comprehensive Income
| Year ended December 31, 2016
| (In thousands)
| WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net sales | $ | — |  |  | $ | 3,306,265 |  |  | $ | 4,134,508 |  |  | $ | (104,756 | ) |  | $ | 7,336,017 |
Cost of goods sold (excluding depreciation and | — |  |  | 2,651,409 |  |  | 3,341,161 |  |  | (104,756 | ) |  | 5,887,814 |
amortization) |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses | 61 |  |  | 477,437 |  |  | 573,301 |  |  | — |  |  | 1,050,799 |
Depreciation and amortization | — |  |  | 20,226 |  |  | 46,632 |  |  | — |  |  | 66,858 |
Results of affiliates’ operations | 240,571 |  |  | 155,814 |  |  | — |  |  | (396,385 | ) |  | — |
Net interest and other | 17,555 |  |  | 87,824 |  |  | (30,317 | ) |  | — |  |  | 75,062 |
Loss on debt redemption | 123,933 |  |  | — |  |  | — |  |  | — |  |  | 123,933 |
Provision for income taxes | (2,098 | ) |  | 8,263 |  |  | 24,266 |  |  | — |  |  | 30,431 |
Net income | $ | 101,120 |  |  | $ | 216,920 |  |  | $ | 179,465 |  |  | $ | (396,385 | ) |  | $ | 101,120 |
Less: Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (468 | ) |  | — |  |  | (468 | )
Net income attributable to WESCO International | $ | 101,120 |  |  | $ | 216,920 |  |  | $ | 179,933 |  |  | $ | (396,385 | ) |  | $ | 101,588 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | 38,275 |  |  | 38,275 |  |  | 38,275 |  |  | (76,550 | ) |  | 38,275 |
Post retirement benefit plan adjustments, net of tax | (2,485 | ) |  | (2,485 | ) |  | (2,485 | ) |  | 4,970 |  |  | (2,485 | )
Comprehensive income attributable to WESCO International | $ | 136,910 |  |  | $ | 252,710 |  |  | $ | 215,723 |  |  | $ | (467,965 | ) |  | $ | 137,378 |
Reclassification As described in Note 13, the Company reclassified a net benefit of $1.8 million and $1.5 million, respectively, from selling, general and administrative expenses to net interest and other in the previously reported Condensed Consolidated Statement of Income and Comprehensive Income of the non-guarantor subsidiaries for the years ended December 31, 2017 and 2016, respectively.
| Condensed Consolidating Statement of Cash Flows
| Year ended December 31, 2018
| (In thousands)
| WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net cash provided by operating activities | $ | 18,672 |  |  | $ | 153,467 |  |  | $ | 124,582 |  |  | $ | — |  |  | $ | 296,721 |
Investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (17,573 | ) |  | (18,637 | ) |  | — |  |  | (36,210 | )
Proceeds from sale of assets | — |  |  | — |  |  | 12,461 |  |  | — |  |  | 12,461 |
Dividends received from subsidiaries |  |  |  | 347,531 |  |  |  |  |  | (347,531 | ) |  | — |
Advances to subsidiaries and other | — |  |  | (406,028 | ) |  | 196,219 |  |  | 199,416 |  |  | (10,393 | )
Net cash (used in) provided by investing activities | — |  |  | (76,070 | ) |  | 190,043 |  |  | (148,115 | ) |  | (34,142 | )
Financing activities: |  |  |  |  |  |  |  |  |
Proceeds from issuance of debt | 108,497 |  |  | 339,606 |  |  | 1,086,673 |  |  | (199,416 | ) |  | 1,335,360 |
Repayments of debt | — |  |  | (410,606 | ) |  | (1,051,611 | ) |  | — |  |  | (1,462,217 | )
Equity activities | (127,169 | ) |  | — |  |  | — |  |  | — |  |  | (127,169 | )
Dividends paid by subsidiaries |  |  |  |  |  |  | (347,531 | ) |  | 347,531 |  |  | — |
Other | — |  |  | (21,068 | ) |  | — |  |  | — |  |  | (21,068 | )
Net cash used in financing activities | (18,672 | ) |  | (92,068 | ) |  | (312,469 | ) |  | 148,115 |  |  | (275,094 | )
Effect of exchange rate changes on cash and cash equivalents |  |  |  |  |  |  | (9,095 | ) |  | — |  |  | (9,095 | )
Net change in cash and cash equivalents | — |  |  | (14,671 | ) |  | (6,939 | ) |  | — |  |  | (21,610 | )
Cash and cash equivalents at the beginning of period | — |  |  | 50,602 |  |  | 67,351 |  |  | — |  |  | 117,953 |
Cash and cash equivalents at the end of period | $ | — |  |  | $ | 35,931 |  |  | $ | 60,412 |  |  | $ | — |  |  | $ | 96,343 |
| Condensed Consolidating Statement of Cash Flows
| Year ended December 31, 2017
| (In thousands)
| WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net cash (used in) provided by operating activities | $ | (36,575 | ) |  | $ | 101,826 |  |  | $ | 83,871 |  |  | $ | — |  |  | $ | 149,122 |
Investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (13,215 | ) |  | (8,292 | ) |  | — |  |  | (21,507 | )
Proceeds from sale of assets | — |  |  | — |  |  | 6,766 |  |  | — |  |  | 6,766 |
Dividends received from subsidiaries | — |  |  | 307,784 |  |  | — |  |  | (307,784 | ) |  | — |
Advances to subsidiaries and other | — |  |  | (383,686 | ) |  | 26,912 |  |  | 366,220 |  |  | 9,446 |
Net cash (used in) provided by investing activities | — |  |  | (89,117 | ) |  | 25,386 |  |  | 58,436 |  |  | (5,295 | )
Financing activities: |  |  |  |  |  |  |  |  |
Proceeds from issuance of debt | 143,367 |  |  | 775,926 |  |  | 1,144,848 |  |  | (383,686 | ) |  | 1,680,455 |
Repayments of debt | — |  |  | (785,392 | ) |  | (952,740 | ) |  | 17,466 |  |  | (1,720,666 | )
Equity activities | (106,792 | ) |  | — |  |  | — |  |  | — |  |  | (106,792 | )
Dividends paid by subsidiaries | — |  |  | — |  |  | (307,784 | ) |  | 307,784 |  |  | — |
Other | — |  |  | 5,807 |  |  | — |  |  | — |  |  | 5,807 |
Net cash provided by (used in) financing activities | 36,575 |  |  | (3,659 | ) |  | (115,676 | ) |  | (58,436 | ) |  | (141,196 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | 5,191 |  |  | — |  |  | 5,191 |
Net change in cash and cash equivalents | — |  |  | 9,050 |  |  | (1,228 | ) |  | — |  |  | 7,822 |
Cash and cash equivalents at the beginning of period | — |  |  | 41,552 |  |  | 68,579 |  |  | — |  |  | 110,131 |
Cash and cash equivalents at the end of period | $ | — |  |  | $ | 50,602 |  |  | $ | 67,351 |  |  | $ | — |  |  | $ | 117,953 |
| Condensed Consolidating Statement of Cash Flows
| Year ended December 31, 2016
| (In thousands)
| WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net cash provided by (used in) operating activities | $ | 95,388 |  |  | $ | (243,476 | ) |  | $ | 448,323 |  |  | $ | — |  |  | $ | 300,235 |
Investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (12,482 | ) |  | (5,475 | ) |  | — |  |  | (17,957 | )
Acquisition payments, net of cash acquired | — |  |  | (50,890 | ) |  | — |  |  | — |  |  | (50,890 | )
Proceeds from sale of assets | — |  |  | — |  |  | 8,361 |  |  | — |  |  | 8,361 |
Dividends received from subsidiaries | — |  |  | 82,912 |  |  | — |  |  | (82,912 | ) |  | — |
Advances to subsidiaries and other | — |  |  | (297,259 | ) |  | (337,344 | ) |  | 624,603 |  |  | (10,000 | )
Net cash used in investing activities | — |  |  | (277,719 | ) |  | (334,458 | ) |  | 541,691 |  |  | (70,486 | )
Financing activities: |  |  |  |  |  |  |  |  |
Proceeds from issuance of debt | 252,246 |  |  | 1,566,864 |  |  | 672,345 |  |  | (297,259 | ) |  | 2,194,196 |
Repayments of debt | (344,804 | ) |  | (1,030,520 | ) |  | (752,401 | ) |  | (327,344 | ) |  | (2,455,069 | )
Equity activities | (2,830 | ) |  | — |  |  | — |  |  | — |  |  | (2,830 | )
Dividends paid by subsidiaries | — |  |  | — |  |  | (82,912 | ) |  | 82,912 |  |  | — |
Other | — |  |  | (12,560 | ) |  | — |  |  | — |  |  | (12,560 | )
Net cash (used in) provided by financing activities | (95,388 | ) |  | 523,784 |  |  | (162,968 | ) |  | (541,691 | ) |  | (276,263 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | (3,634 | ) |  | — |  |  | (3,634 | )
Net change in cash and cash equivalents | — |  |  | 2,589 |  |  | (52,737 | ) |  | — |  |  | (50,148 | )
Cash and cash equivalents at the beginning of period | — |  |  | 38,963 |  |  | 121,316 |  |  | — |  |  | 160,279 |
Cash and cash equivalents at the end of period | $ | — |  |  | $ | 41,552 |  |  | $ | 68,579 |  |  | $ | — |  |  | $ | 110,131 |

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