Company: WCC
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000929008-25-000023
Chunk: 4

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 4
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6)Comprehensive income324.7 210.9 458.8 257.3 Less: Comprehensive income attributable to noncontrolling interests0.3 0.7 0.2 1.0 Plus: Gain on redemption of Series A Preferred Stock27.6 — 27.6 — Less: Preferred stock dividends12.9 14.4 27.3 28.7 Comprehensive income attributable to common stockholders$339.1 $195.8 $458.9 $227.6 

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)

 Six Months Ended June 3020252024Operating activities:  Net income$293.1 $348.9 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization96.7 91.6 Stock-based compensation expense18.6 12.8 Amortization of debt issuance costs and debt discount6.6 8.8 Gain on divestiture— (102.9)Loss on abandonment of assets— 17.8 Other operating activities, net8.1 4.0 Changes in assets and liabilities:Trade accounts receivable, net(431.2)(258.8)Other accounts receivable 12.8 60.7 Inventories(403.1)18.9 Other current and noncurrent assets(24.4)(90.0)Accounts payable574.7 341.9 Accrued payroll and benefit costs(38.0)(0.8)Other current and noncurrent liabilities21.9 69.6 Net cash provided by operating activities135.8 522.5 Investing activities:Capital expenditures(42.2)(41.2)Acquisition payments, net of cash acquired(36.0)(30.1)Proceeds from divestiture, net of cash transferred— 334.2 Other investing activities, net1.3 6.2 Net cash (used in) provided by investing activities(76.9)269.1 Financing activities:Proceeds from short-term debt, net5.4 — Proceeds from issuance of