WESCO International, Inc. (WCC) financial statements (2021 and earlier)

Company profile

Business Address 225 WEST STATION SQUARE DRIVE
PITTSBURGH, PA 15219
State of Incorp.
Fiscal Year End December 31
SIC 5063 - Electrical Apparatus and Equipment Wiring Supplies, and Construction Materials (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments449 96118110160
Cash and cash equivalents449 96118110160
Receivables2,706 1,2881,2951,1921,230
Inventory, net of allowances, customer advances and progress billings2,164 949956821810
Inventory2,164 949956821810
Other undisclosed current assets188 52404957
Total current assets:5,507 2,3862,4092,1722,258
Noncurrent Assets
Operating lease, right-of-use asset535 
Property, plant and equipment399 161156158167
Intangible assets, net (including goodwill), including:4,000 1,8001,8721,8181,774
Goodwill3,187 1,7231,7721,7211,682
Intangible assets, net (excluding goodwill)2,065 316367393404
Other undisclosed intangible assets, net (including goodwill)(1,253) (239)(267)(296)(312)
Deferred income tax assets38 
Other noncurrent assets94 473160
Other undisclosed noncurrent assets1,308 255291312330
Total noncurrent assets:6,373 2,2192,3272,3192,330
TOTAL ASSETS:11,880 4,6054,7354,4914,587
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,906 882882767796
Accounts payable1,707 794800685716
Employee-related liabilities199 88734951
Taxes payable   103329
Debt  56352244
Other liabilities552 105867873
Other undisclosed current liabilities529 18382934
Total current liabilities:2,987 1,0621,041897948
Noncurrent Liabilities
Long-term debt and lease obligation4,785 1,1671,3131,3631,457
Long-term debt, excluding current maturities4,370 1,1671,3131,3631,457
Operating lease, liability415 
Liabilities, other than long-term debt766 246265221409
Deferred tax liabilities, net144137158365
Deferred income tax liabilities488 
Other liabilities278 1021286344
Other undisclosed noncurrent liabilities6     
Total noncurrent liabilities:5,557 1,4131,5781,5841,866
Total liabilities:8,544 2,4752,6192,4812,814
Stockholders' equity
Stockholders' equity attributable to parent, including:3,344 2,1352,1202,0131,777
Treasury stock, value(938) (758)(647)(543)773
Additional paid in capital1,943 9949999861,117
Accumulated other comprehensive loss(263) (408)(313)(387)(423)
Retained earnings2,602 2,3072,0801,9571,854
Other undisclosed stockholders' equity attributable to parent1 111(1,545)
Stockholders' equity attributable to noncontrolling interest(7) (6)(4)(3)(3)
Total stockholders' equity:3,336 2,1302,1162,0101,774
TOTAL LIABILITIES AND EQUITY:11,880 4,6054,7354,4914,587

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues12,326 8,1777,6797,3367,518
Revenue, net7,6797,3367,518
Cost of revenue
(Cost of Goods and Services Sold)
(9,998) (6,609)(6,194)(5,888)(6,025)
Gross profit:2,328 1,5671,4851,4481,494
Operating expenses(1,981) (1,215)(1,164)(1,116)(1,120)
Operating income:347 352321332374
Nonoperating income
(Other Nonoperating income)
2     
Interest and debt expense    (124)(6)
Income from continuing operations before equity method investments, income taxes:349 352321208368
Other undisclosed loss from continuing operations before income taxes(227) (71)(68)(77)(64)
Income from continuing operations before income taxes:123 281252132304
Income tax expense(23) (56)(89)(30)(96)
Net income:100 225163101208
Net income attributable to noncontrolling interest1 2002
Net income attributable to parent:101 227163102211
Preferred stock dividends and other adjustments(30)     
Net income available to common stockholders, diluted:70 227163102211

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:100 225163101208
Comprehensive income:100 225163101208
Comprehensive income, net of tax, attributable to noncontrolling interest1 2002
Other undisclosed comprehensive income (loss), net of tax, attributable to parent74 (96)7936(221)
Comprehensive income (loss), net of tax, attributable to parent:175 131243137(11)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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