XML 38 R27.htm IDEA: XBRL DOCUMENT v3.19.1
OTHER FINANCIAL INFORMATION Condensed Cash Flow Statement (Tables)
 3 Months Ended
Mar. 31, 2019
Condensed Cash Flow Statements, Captions [Line Items]  
Condensed Cash Flow Statement [Table Text Block]
 
Condensed Consolidating Statement of Cash Flows
 
Three Months Ended
 
March 31, 2018
 
 
 
 
 
 
 
 
 
 
(In thousands)
WESCO
International,
Inc.
 
WESCO
Distribution,
Inc.
 
Non-Guarantor
Subsidiaries
 
Consolidating
and Eliminating
Entries
 
Consolidated
Net cash provided by (used in) operating activities
$
5,497

 
$
57,694

 
$
(10,198
)
 
$
—

 
$
52,993

Investing activities:
 
 
 
 
 
 
 
 
 
Capital expenditures
—

 
(2,954
)
 
(4,708
)
 
—

 
(7,662
)
Dividends received from subsidiaries
—

 
22,744

 
—

 
(22,744
)
 
—

Other
—

 
(18,908
)
 
(8,760
)
 
18,908

 
(8,760
)
Net cash provided by (used in) investing activities
—

 
882

 
(13,468
)
 
(3,836
)
 
(16,422
)
Financing activities:
 
 
 
 
 
 
 
 
 
Borrowings
—

 
58,000

 
515,663

 
(22,744
)
 
550,919

Repayments
(3,836
)
 
(90,000
)
 
(477,220
)
 
3,836

 
(567,220
)
Repurchases of common stock
(1,661
)
 
—

 
—

 
—

 
(1,661
)
Dividends paid by subsidiaries
—

 
—

 
(22,744
)
 
22,744

 
—

Decrease in bank overdrafts
—

 
(10,575
)
 
—

 
—

 
(10,575
)
Other
—

 
(290
)
 
—

 
—

 
(290
)
Net cash (used in) provided by financing activities
(5,497
)
 
(42,865
)
 
15,699

 
3,836

 
(28,827
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(1,800
)
 
—

 
(1,800
)
Net change in cash and cash equivalents
—

 
15,711

 
(9,767
)
 
—

 
5,944

Cash and cash equivalents at the beginning of period
—

 
50,602

 
67,351

 
—

 
117,953

Cash and cash equivalents at the end of period
$
—

 
$
66,313

 
$
57,584

 
$
—

 
$
123,897

 
Condensed Consolidating Statement of Cash Flows
 
Three Months Ended
 
March 31, 2019
 
 
 
 
 
 
 
 
 
 
(In thousands)
WESCO
International,
Inc.
 
WESCO
Distribution,
Inc.
 
Non-Guarantor
Subsidiaries
 
Consolidating
and Eliminating
Entries
 
Consolidated
Net cash (used in) provided by operating activities
$
5,157

 
$
27,122

 
$
(3,410
)
 
$
—

 
$
28,869

Investing activities:

 

 

 

 

Acquisition payments
—

 
(27,742
)
 
—

 
—

 
(27,742
)
Capital expenditures
—

 
(2,513
)
 
(8,315
)
 
—

 
(10,828
)
Dividends received from subsidiaries
—

 
22,095

 
—

 
(22,095
)
 
—

Other
—

 
(19,510
)
 
53

 
19,510

 
53

Net cash used in investing activities
—

 
(27,670
)
 
(8,262
)
 
(2,585
)
 
(38,517
)
Financing activities:
 
 
 
 
 
 
 
 
 
Borrowings
—

 
139,134

 
330,196

 
(22,095
)
 
447,235

Repayments
(2,585
)
 
(140,134
)
 
(289,674
)
 
2,585

 
(429,808
)
Repurchases of common stock
(2,572
)
 
—

 
—

 
—

 
(2,572
)
Dividends paid by subsidiaries
—

 
—

 
(22,095
)
 
22,095

 
—

Increase in bank overdrafts
—

 
4,639

 
—

 
—

 
4,639

Other
—

 
(248
)
 
—

 
—

 
(248
)
Net cash provided by (used in) financing activities
(5,157
)
 
3,391

 
18,427

 
2,585

 
19,246

Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
159

 
—

 
159

Net change in cash and cash equivalents
—

 
2,843

 
6,914

 
—

 
9,757

Cash and cash equivalents at the beginning of period
—

 
35,931

 
60,412

 
—

 
96,343

Cash and cash equivalents at the end of period
$
—

 
$
38,774

 
$
67,326

 
$
—

 
$
106,100