XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 768,393 $ 541,498
Restricted cash 131,794 13,533
Accounts receivable (net of allowances of $50,575 in 2019 and $46,948 in 2018) 3,202,961 2,584,203
Securitized accounts receivable, restricted 130,424 109,871
Prepaid expenses and other current assets 74,163 149,021
Total current assets 4,307,735 3,398,126
Property, equipment and capitalized software (net of accumulated depreciation of $326,665 in 2019 and $307,750 in 2018) 196,914 187,868
Goodwill 2,325,942 1,832,129
Other intangible assets (net of accumulated amortization of $582,422 in 2019 and $509,055 in 2018) 1,514,360 1,034,194
Investment securities 30,167 24,406
Deferred income taxes, net 11,691 9,643
Other assets 186,340 284,229
Total assets 8,573,149 6,770,595
Liabilities and Stockholders’ Equity    
Accounts payable 1,225,558 814,742
Accrued expenses 333,072 312,268
Restricted cash payable 131,794 13,533
Short-term deposits 1,087,795 927,444
Short-term debt, net 173,627 216,517
Other current liabilities 85,208 27,067
Total current liabilities 3,037,054 2,311,571
Long-term debt, net 2,764,800 2,133,923
Long-term deposits 500,555 345,231
Deferred income taxes, net 199,625 151,685
Other liabilities 109,825 32,261
Total liabilities 6,611,859 4,974,671
Commitments and contingencies (Note 15)
Redeemable non-controlling interest 117,727 0
Stockholders’ Equity    
Common stock $0.01 par value; 175,000 shares authorized; 47,701 issued in 2019 and 47,557 in 2018; 43,273 shares outstanding in 2019 and 43,129 in 2018 477 475
Additional paid-in capital 651,944 593,262
Retained earnings 1,470,134 1,481,593
Accumulated other comprehensive loss (117,248) (117,291)
Treasury stock at cost; 4,428 shares in 2019 and 2018 (172,342) (172,342)
Total WEX Inc. stockholders’ equity 1,832,965 1,785,697
Non-controlling interest 10,598 10,227
Total stockholders’ equity 1,843,563 1,795,924
Total liabilities and stockholders’ equity $ 8,573,149 $ 6,770,595