XML 48 R2.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 342,560 $ 150,902
Accounts Receivable, after Allowance for Credit Loss, Current 1,214,331 1,187,359
Accounts and Other Receivables, Net, Current 77,691 98,029
Inventories, net 950,521 1,011,674
Prepaid expenses and other current assets 192,375 92,447
Total current assets 2,777,478 2,540,411
Property, buildings and equipment, net of accumulated depreciation of $229,041 and $213,758 in 2014 and 2013, respectively 183,997 181,448
Operating Lease, Right-of-Use Asset 271,602 235,834
Intangible assets, net 267,628 287,275
Goodwill 1,717,963 1,759,040
Other assets 12,288 13,627
Total assets 5,230,956 5,017,635
Current Liabilities:    
Accounts payable 804,330 830,478
Accrued payroll and benefit costs 28,940 49,508
Short-term Bank Loans and Notes Payable 24,097 26,255
Current portion of long-term debt 379 430
Bank Overdrafts 13,951 18,021
Other Accrued Liabilities, Current 168,808 159,367
Total current liabilities 1,040,505 1,084,059
Long-term Debt, Excluding Current Maturities 1,542,602 1,257,067
Operating Lease, Liability, Noncurrent 213,172 179,830
Other noncurrent liabilities 85,574 91,391
Deferred Income Tax Liabilities, Net 146,977 146,617
Total liabilities 3,028,830 2,758,964
Commitments and Contingencies
Stockholders' Equity:    
Preferred stock, $.01 par value; 20,000,000 shares authorized, no shares issued or outstanding 0 0
Additional capital 1,041,637 1,039,347
Retained earnings 2,565,597 2,530,429
Treasury stock, at cost; 21,848,336 and 21,850,356 shares in 2020 and 2019, respectively (937,078) (937,157)
Accumulated other comprehensive income (461,623) (367,772)
Total WESCO International, Inc. stockholders' equity 2,209,170 2,265,483
Noncontrolling interest (7,044) (6,812)
Total stockholders’ equity 2,202,126 2,258,671
Accounts Receivable, Allowance for Credit Loss, Current 25,260 25,443
Accumulated depreciation 269,582 268,415
Finite-Lived Intangible Assets, Accumulated Amortization 278,711 280,442
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net $ 8,211 $ 8,876
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 20,000,000 20,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Total liabilities and stockholders' equity $ 5,230,956 $ 5,017,635
Treasury stock, shares (in shares) 21,848,336 21,850,356
Common Stock [Member]    
Stockholders' Equity:    
Common stock $ 594 $ 593
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 210,000,000 210,000,000
Common stock, shares, issued (in shares) 59,381,958 59,308,018
Common stock, shares outstanding (in shares) 41,873,053 41,797,093
Common Class B [Member]    
Stockholders' Equity:    
Common stock $ 43 $ 43
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 20,000,000 20,000,000
Common stock, shares, issued (in shares) 4,339,431 4,339,431