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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Assets    
Cash and cash equivalents $ 588,923,000 $ 852,033,000
Restricted cash 667,915,000 477,620,000
Accounts receivable 2,891,242,000 1,993,329,000
Short-term Investments 948,677,000 0
Securitized accounts receivable, restricted 125,186,000 93,236,000
Prepaid expenses and other current assets 77,569,000 86,629,000
Total current assets 5,299,512,000 3,502,847,000
Property, equipment and capitalized software 179,531,000 188,340,000
Goodwill 2,908,057,000 2,688,138,000
Other intangible assets 1,643,296,000 1,552,012,000
Investment securities 39,650,000 37,273,000
Deferred income taxes, net 5,635,000 17,524,000
Other assets 231,147,000 197,227,000
Total assets 10,306,828,000 8,183,361,000
Liabilities and Stockholders’ Equity    
Accounts payable 1,021,911,000 778,207,000
Accrued expenses 476,971,000 362,472,000
Restricted cash payable 668,014,000 477,620,000
Short-term deposits 2,026,420,000 911,395,000
Short-term debt, net 155,769,000 152,730,000
Other current liabilities 50,614,000 58,429,000
Total current liabilities 4,399,699,000 2,740,853,000
Long-term debt, net 2,695,365,000 2,874,113,000
Long-term deposits 652,214,000 148,591,000
Deferred income taxes, net 192,965,000 220,122,000
Other liabilities 273,706,000 164,546,000
Total liabilities 8,213,949,000 6,148,225,000
Commitments and Contingencies
Redeemable non-controlling interest 254,106,000 117,219,000
Stockholders’ Equity    
Common stock $0.01 par value; 175,000 shares authorized; 49,255 shares issued in 2021 and 48,616 in 2020; 44,827 shares outstanding in 2021 and 44,188 in 2020 492,000 485,000
Additional paid-in capital 844,051,000 872,711,000
Retained earnings 1,289,089,000 1,286,976,000
Accumulated other comprehensive loss (122,517,000) (82,935,000)
Treasury stock at cost; 4,428 shares in 2021 and 2020 (172,342,000) (172,342,000)
Total WEX Inc. stockholders’ equity 1,838,773,000 1,904,895,000
Non-controlling interest 0 13,022,000
Total stockholders’ equity 1,838,773,000 1,917,917,000
Total liabilities and stockholders’ equity $ 10,306,828,000 $ 8,183,361,000