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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 852,033 $ 810,932
Restricted cash 477,620 170,449
Accounts receivable (net of allowances of $59,147 in 2020 and $52,274 in 2019) 1,993,329 2,661,108
Securitized accounts receivable, restricted 93,236 112,192
Prepaid expenses and other current assets 86,629 87,694
Total current assets 3,502,847 3,842,375
Property, equipment and capitalized software (net of accumulated depreciation of $402,406 in 2020 and $344,212 in 2019) 188,340 212,475
Goodwill 2,688,138 2,441,201
Other intangible assets (net of accumulated amortization of $835,163 in 2020 and $666,793 in 2019) 1,552,012 1,575,050
Investment securities 37,273 30,460
Deferred income taxes, net 17,524 12,833
Other assets 197,227 184,024
Total assets 8,183,361 8,298,418
Liabilities and Stockholders’ Equity    
Accounts payable 778,207 969,816
Accrued expenses 362,472 315,642
Restricted cash payable 477,620 170,449
Short-term deposits 911,395 1,310,813
Short-term debt, net 152,730 248,531
Other current liabilities 58,429 34,692
Total current liabilities 2,740,853 3,049,943
Long-term debt, net 2,874,113 2,686,513
Long-term deposits 148,591 143,399
Deferred income taxes, net 220,122 218,740
Other liabilities 164,546 106,422
Total liabilities 6,148,225 6,205,017
Commitments and Contingencies
Redeemable non-controlling interest 117,219 156,879
Stockholders’ Equity    
Common stock $0.01 par value; 175,000 shares authorized; 48,616 shares issued in 2020 and 47,749 in 2019; 44,188 shares outstanding in 2020 and 43,321 in 2019 485 477
Additional paid-in capital 872,711 675,060
Retained earnings 1,286,976 1,539,201
Accumulated other comprehensive loss (82,935) (115,449)
Treasury stock at cost; 4,428 shares in 2020 and 2019 (172,342) (172,342)
Total WEX Inc. stockholders’ equity 1,904,895 1,926,947
Non-controlling interest 13,022 9,575
Total stockholders’ equity 1,917,917 1,936,522
Total liabilities and stockholders’ equity $ 8,183,361 $ 8,298,418