Company: WCC
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000929008-25-000005
Chunk: 101

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 101
---
 million13.5 13.5 Balance, December 31, 2024$0.7 69,627,398 $— 4,339,431 $— 21,612 $2,051.6 $4,960.7 $(1,495.1)(25,176,234)$(5.2)$(547.2)$4,965.5 

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

47

WESCO INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS Year Ended December 31, 202420232022 (In millions)Operating Activities:   Net income$719.4 $766.1 $862.1 Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation and amortization183.2 181.3 179.0 Stock-based compensation expense28.9 48.1 46.4 Amortization of debt discount and debt issuance costs15.6 14.8 15.2 Gain on divestiture(122.2)— — Loss on abandonment of assets17.8 — — Other operating activities, net22.2 (0.5)3.7 Deferred income taxes(39.9)(7.9)(1.2)Changes in assets and liabilities:   Trade accounts receivable, net(50.7)52.2 (690.6)Other accounts receivable2.0 3.6 (54.8)Inventories(18.0)(68.4)(817.0)Other current and noncurrent assets(142.6)(60.6)(153.2)Accounts payable329.5 (319.7)552.9 Accrued payroll and benefit costs62.7 (92.3)(63.1)Other current and noncurrent liabilities93.3 (23.5)131.6 Net cash provided by operating activities1,101.2 493.2 11.0 Investing Activities:   Capital expenditures(94.7)(92.3)(99.4)Acquisition payments, net of cash acquired(221.3)— (186.8)Proceeds from divestiture, net of cash transferred 354.9 — —