10-Q Filing

WESCO INTERNATIONAL INC CIK: 929008 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000929008-18-000011`
Period End Date	20180331
Filing Date	20180504
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	wcc-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 32 Cash Flow Statement 62

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Depreciation, Depletion and Amortization, Nonproduction	`DepreciationAndAmortization`	$15.96M	USD	1 Quarter
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$22.98M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.31M	USD	Point-in-time
Depreciation, Depletion and Amortization, Nonproduction	`DepreciationAndAmortization`	$15.88M	USD	1 Quarter
Other Accrued Liabilities, Current	`OtherAccruedLiabilitiesCurrent`	$95.82M	USD	Point-in-time
Other Accrued Liabilities, Current	`OtherAccruedLiabilitiesCurrent`	$98.84M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$278.45M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$281.82M	USD	Point-in-time
Finite-Lived Intangible Assets, Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$66.80K	USD	Point-in-time
Finite-Lived Intangible Assets, Accumulated Amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$73.82K	USD	Point-in-time
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$14.22M	USD	Point-in-time
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	`DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet`	$11.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$110.13M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$103.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$123.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$117.95M	USD	Point-in-time
Allowance for Doubtful Accounts Receivable, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$22.98M	USD	Point-in-time
Allowance for Doubtful Accounts Receivable, Current	`AllowanceForDoubtfulAccountsReceivableCurrent`	$21.31M	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $23,069 and $19,309 in 2014 and 2013, respectively	`AccountsReceivableNetCurrent`	$1.17B	USD	Point-in-time
Trade accounts receivable, net of allowance for doubtful accounts of $23,069 and $19,309 in 2014 and 2013, respectively	`AccountsReceivableNetCurrent`	$1.21B	USD	Point-in-time
Accounts and Other Receivables, Net, Current	`AccountsAndOtherReceivablesNetCurrent`	$71.33M	USD	Point-in-time
Accounts and Other Receivables, Net, Current	`AccountsAndOtherReceivablesNetCurrent`	$101.23M	USD	Point-in-time
Inventories, net	`InventoryNet`	$956.15M	USD	Point-in-time
Inventories, net	`InventoryNet`	$949.51M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$63.44M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$68.89M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.41B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.42B	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property, buildings and equipment, net of accumulated depreciation of $229,041 and $213,758 in 2014 and 2013, respectively	`PropertyPlantAndEquipmentNet`	$156.36M	USD	Point-in-time
Property, buildings and equipment, net of accumulated depreciation of $229,041 and $213,758 in 2014 and 2013, respectively	`PropertyPlantAndEquipmentNet`	$156.44M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	16.38M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	16.38M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$367.10M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$353.30M	USD	Point-in-time
Goodwill	`Goodwill`	$1.76B	USD	Point-in-time
Goodwill	`Goodwill`	$1.77B	USD	Point-in-time
Goodwill	`Goodwill`	$1.72B	USD	Point-in-time
Goodwill	`Goodwill`	$1.73B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$29.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$31.19M	USD	Point-in-time
Total assets	`Assets`	$4.74B	USD	Point-in-time
Total assets	`Assets`	$4.71B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$805.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$799.52M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$47.41M	USD	Point-in-time
Accrued payroll and benefit costs	`EmployeeRelatedLiabilitiesCurrent`	$72.69M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$34.08M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$41.69M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.21M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.22M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.04B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.02B	USD	Point-in-time
Long-term Debt, Excluding Current Maturities	`LongTermDebtNoncurrent`	$1.31B	USD	Point-in-time
Long-term Debt, Excluding Current Maturities	`LongTermDebtNoncurrent`	$1.29B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$128.24M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$127.94M	USD	Point-in-time
Deferred Tax Liabilities, Net, Noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$138.77M	USD	Point-in-time
Deferred Tax Liabilities, Net, Noncurrent	`DeferredTaxLiabilitiesNoncurrent`	$136.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.62B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.58B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Bank Overdrafts	`BankOverdrafts`	$27.07M	USD	Point-in-time
Bank Overdrafts	`BankOverdrafts`	$37.64M	USD	Point-in-time
Preferred stock, $.01 par value; 20,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value; 20,000,000 shares authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional capital	`AdditionalPaidInCapitalCommonStock`	$999.16M	USD	Point-in-time
Additional capital	`AdditionalPaidInCapitalCommonStock`	$1.00B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.08B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.12B	USD	Point-in-time
Treasury stock, at cost; 18,247,467 and 18,179,275 shares in 2014 and 2013, respectively	`TreasuryStockValue`	$647.61M	USD	Point-in-time
Treasury stock, at cost; 18,247,467 and 18,179,275 shares in 2014 and 2013, respectively	`TreasuryStockValue`	$647.16M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-341.39M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-312.59M	USD	Point-in-time
Total WESCO International stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.13B	USD	Point-in-time
Total WESCO International stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.12B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-3.60M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$-5.05M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.14B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.12B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.71B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.74B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.99B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.77B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.42B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.61B	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$267.42M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$290.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.88M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$73.24M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$66.63M	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-16.27M	USD	1 Quarter
Nonoperating Income (Expense)	`NonoperatingIncomeExpense`	$-19.78M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$53.46M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$50.37M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.57M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$10.49M	USD	1 Quarter
Net income	`ProfitLoss`	$42.97M	USD	1 Quarter
Net income	`ProfitLoss`	$37.80M	USD	1 Quarter
Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.45M	USD	1 Quarter
Net (loss) income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$71.00K	USD	1 Quarter
Net income attributable to WESCO International, Inc.	`NetIncomeLoss`	$44.42M	USD	1 Quarter
Net income attributable to WESCO International, Inc.	`NetIncomeLoss`	$37.73M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-28.80M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$11.57M	USD	1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-252.00K	USD	1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Comprehensive income attributable to WESCO International, Inc.	`ComprehensiveIncomeNetOfTax`	$15.62M	USD	1 Quarter
Comprehensive income attributable to WESCO International, Inc.	`ComprehensiveIncomeNetOfTax`	$49.55M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.94	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.77	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.76	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.93	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Interest Paid	`InterestPaid`	$3.79M	USD	1 Quarter
Interest Paid	`InterestPaid`	$4.61M	USD	1 Quarter
Net income	`ProfitLoss`	$42.97M	USD	1 Quarter
Net income	`ProfitLoss`	$37.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.96M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.88M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.74M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.29M	USD	1 Quarter
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$5.08M	USD	1 Quarter
Other operating activities, net	`OtherOperatingActivitiesCashFlowStatement`	$4.68M	USD	1 Quarter
Increase (Decrease) in Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$37.51M	USD	1 Quarter
Increase (Decrease) in Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$22.08M	USD	1 Quarter
Increase (Decrease) in Accounts and Other Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-18.25M	USD	1 Quarter
Increase (Decrease) in Accounts and Other Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-29.99M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$-2.99M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$26.36M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-6.87M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.82M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.08M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$26.07M	USD	1 Quarter
Accrued payroll and benefit costs	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-21.77M	USD	1 Quarter
Accrued payroll and benefit costs	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-24.56M	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$5.93M	USD	1 Quarter
Other current and noncurrent liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$2.52M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$52.99M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$47.64M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.49M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.66M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-33.00K	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$8.76M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.46M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-16.42M	USD	1 Quarter
Proceeds from issuance of short-term debt	`ProceedsFromShortTermDebt`	$57.92M	USD	1 Quarter
Proceeds from issuance of short-term debt	`ProceedsFromShortTermDebt`	$30.13M	USD	1 Quarter
Repayments of short-term debt	`RepaymentsOfShortTermDebt`	$52.22M	USD	1 Quarter
Repayments of short-term debt	`RepaymentsOfShortTermDebt`	$23.89M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$288.67M	USD	1 Quarter
Proceeds from issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$493.00M	USD	1 Quarter
Repayments of Long-term Debt	`RepaymentsOfLongTermDebt`	$515.00M	USD	1 Quarter
Repayments of Long-term Debt	`RepaymentsOfLongTermDebt`	$342.67M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-290.00K	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-452.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-28.83M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-50.69M	USD	1 Quarter
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$6.54M	USD	1 Quarter
Payments for Repurchase of Common Stock	`PaymentsForRepurchaseOfCommonStock`	$1.66M	USD	1 Quarter
Proceeds from (Repayments of) Bank Overdrafts	`ProceedsFromRepaymentsOfBankOverdrafts`	$4.06M	USD	1 Quarter
Proceeds from (Repayments of) Bank Overdrafts	`ProceedsFromRepaymentsOfBankOverdrafts`	$-10.57M	USD	1 Quarter
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.80M	USD	1 Quarter
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$374.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.94M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.13M	USD	1 Quarter
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$110.13M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$103.00M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$123.90M	USD	Point-in-time
Cash and cash equivalents at the beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$117.95M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$110.13M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$103.00M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$123.90M	USD	Point-in-time
Cash and cash equivalents at the end of period	`CashAndCashEquivalentsAtCarryingValue`	$117.95M	USD	Point-in-time
Income Taxes Paid	`IncomeTaxesPaid`	$2.04M	USD	1 Quarter
Income Taxes Paid	`IncomeTaxesPaid`	$5.50M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.