Company: WCC
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000929008-25-000005
Chunk: 98

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 98
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970.7 5,037.1 Noncontrolling interests(5.2)(5.2)    Total stockholders’ equity4,965.5 5,031.9     Total liabilities and stockholders’ equity$15,061.4 $15,060.9     The accompanying notes are an integral part of the consolidated financial statements.

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Table of ContentsWESCO INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME Year Ended December 31, 202420232022 (In millions, except per share data)Net sales$21,818.8 $22,385.2 $21,420.1 Cost of goods sold (excluding depreciation and amortization)17,106.2 17,541.5 16,758.8 Selling, general and administrative expenses3,306.2 3,256.0 3,044.2 Depreciation and amortization183.2 181.3 179.0 Income from operations1,223.2 1,406.4 1,438.1 Interest expense, net364.9 389.3 294.4 Other (income) expense, net(92.7)25.1 7.0 Income before income taxes951.0 992.0 1,136.7 Provision for income taxes231.6 225.9 274.5 Net income719.4 766.1 862.1 Less: Net income attributable to noncontrolling interests1.8 0.6 1.7 Net income attributable to WESCO International, Inc.717.6 765.5 860.5 Less: Preferred stock dividends57.4 57.4 57.4 Net income attributable to common stockholders$660.2 $708.1 $803.1 Earnings per share attributable to common stockholders   Basic$13.26 $13.86 $15.83 Diluted$13.05 $13.54 $15.33 Other comprehensive (loss) income:Foreign currency translation adjustments and other(228.7)57.1 (127.0)Post-retirement benefit plan adjustments, net of tax13.5 (11.3)(14.7)