Company: WCC
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000929008-25-000034
Chunk: 4

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 1
Chunk 4
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 income140.9 238.5 599.6 495.7 Less: Comprehensive income attributable to noncontrolling interests1.1 0.4 1.3 1.3 Plus: Gain on redemption of Series A Preferred Stock— — 27.6 — Less: Preferred stock dividends— 14.4 27.3 43.1 Comprehensive income attributable to common stockholders$139.8 $223.7 $598.6 $451.3 

The accompanying notes are an integral part of the condensed consolidated financial statements.

4

Table of ContentsWESCO INTERNATIONAL, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(unaudited)

 Nine Months Ended September 3020252024Operating activities:  Net income$481.6 $553.5 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization145.8 137.6 Stock-based compensation expense29.3 19.6 Cloud computing arrangement amortization20.1 9.7 Amortization of debt issuance costs and debt discount9.9 12.2 Gain on divestiture— (122.2)Loss on abandonment of assets— 17.8 Other operating activities, net(1.2)1.3 Changes in assets and liabilities:Trade accounts receivable, net(703.6)(217.9)Other accounts receivable (43.0)28.1 Inventories(506.3)(85.0)Other current and noncurrent assets(71.3)(137.4)Accounts payable674.1 478.0 Accrued payroll and benefit costs(3.5)26.1 Other current and noncurrent liabilities21.2 103.2 Net cash provided by operating activities53.1 824.6 Investing activities:Capital expenditures(55.4)(70.4)Acquisition payments, net of cash acquired(36.0)(41.7)Proceeds from divestiture, net of cash transferred— 354.9 Other investing activities, net(9.0)6.9 Net cash (used in) provided by investing activities(100.4)249.7 Financing activities:Proceeds from short-term debt, net4.9