Below are the financial statements of Wesco International, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 702.6a | 524.1a |
| Trade accounts receivable, net of allowance for expected credit losses of $55.0 and $55.9 in 2024 and 2023, respectively | 3,454.4a | 3,639.5a |
| Other accounts receivable | 416.3a | 430.5a |
| Inventories | 3,501.7a | 3,572.1a |
| Prepaid expenses and other current assets | 276.4a | 225.4a |
| Total current assets | 8,351.4a | 8,391.6a |
| Property, buildings and equipment, net | 442.9a | 423.6a |
| Operating lease assets | 735.1a | 761.2a |
| Intangible assets, net | 1,835.9a | 1,857.6a |
| Goodwill | 3,280.1a | 3,262.3a |
| Deferred income taxes | 41.9a | 42.3a |
| Other assets | 374.1a | 322.3a |
| Total assets | 15,061.4a | 15,060.9a |
| Liabilities and stockholders’ equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 2,670.6a | 2,431.5a |
| Accrued payroll and benefit costs | 242.3a | 191.7a |
| Short-term debt and current portion of long-term debt | 19.5a | 8.6a |
| Other current liabilities | 871.6a | 756.6a |
| Total current liabilities | 3,804a | 3,388.4a |
| Long-term debt, net of debt discount and debt issuance costs of $47.2 and $43.0 in 2024 and 2023, respectively | 5,045.5a | 5,313.1a |
| Operating lease liabilities | 614.8a | 641.7a |
| Deferred income taxes | 415.6a | 451.9a |
| Other noncurrent liabilities | 216a | 233.9a |
| Total liabilities | 10,095.9a | 10,029a |
| Stockholders’ equity | — | — |
| Preferred stock, $.01 par value; 20,000,000 shares authorized, no shares issued or outstanding | 0a | 0a |
| Preferred stock, Series A, $.01 par value; 25,000 shares authorized, 21,612 shares issued and outstanding in 2024 and 2023, respectively | 0a | 0a |
| Common stock, $.01 par value; 210,000,000 shares authorized, 69,627,398 and 69,278,677 shares issued and 48,790,595 and 50,897,122 shares outstanding in 2024 and 2023, respectively | 0.7a | 0.7a |
| Class B nonvoting convertible common stock, $.01 par value; 20,000,000 shares authorized, 4,339,431 issued and no shares outstanding in 2024 and 2023, respectively | 0a | 0a |
| Additional capital | 2,051.6a | 2,037.1a |
| Retained earnings | 4,960.7a | 4,391.7a |
| Treasury stock, at cost; 25,176,234 and 22,720,986 shares in 2024 and 2023, respectively | -1,495.1a | -1,060.4a |
| Accumulated other comprehensive loss | -547.2a | -332a |
| Total WESCO International, Inc. stockholders’ equity | 4,970.7a | 5,037.1a |
| Noncontrolling interests | -5.2a | -5.2a |
| Total stockholders’ equity | 4,965.5a | 5,031.9a |
| Total liabilities and stockholders’ equity | 15,061.4a | 15,060.9a |
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