Company: WCC
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000929008-25-000012
Chunk: 30

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 1
Chunk 30
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Item 1. Financial Statements.

The interim financial information required by this item is set forth in the unaudited Condensed Consolidated Financial Statements and Notes thereto in this Quarterly Report on Form 10-Q, as follows:PageCondensed Consolidated Balance Sheets (unaudited)3Condensed Consolidated Statements of Income and Comprehensive Income (unaudited)4Condensed Consolidated Statements of Cash Flows (unaudited)5Condensed Consolidated Statements of Stockholders’ Equity (unaudited)6Notes to Condensed Consolidated Financial Statements (unaudited)7

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Table of ContentsWESCO INTERNATIONAL, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In millions, except shares)(unaudited)

As ofAssetsMarch 31,2025December 31,2024Current assets:  Cash and cash equivalents$681.6 $702.6 Trade accounts receivable, net of allowance for expected credit losses of $62.6 and $55.0 in 2025 and 2024, respectively3,641.3 3,454.4 Other accounts receivable352.7 416.3 Inventories3,740.2 3,501.7 Prepaid expenses and other current assets271.0 276.4 Total current assets8,686.8 8,351.4 Property, buildings and equipment, net of accumulated depreciation of $574.5 and $554.1 in 2025 and 2024, respectively445.8 442.9 Operating lease assets 775.8 735.1 Intangible assets, net1,829.1 1,835.9 Goodwill3,299.8 3,280.1 Deferred income taxes43.6 41.9 Other assets434.2 374.1     Total assets$15,515.1 $15,061.4 Liabilities and Stockholders’ Equity  Current liabilities:  Accounts payable$3,025.8 $2,670.6 Accrued payroll and benefit costs168.3 242.3 Short-term debt and current portion of long-term debt21.0 19.5 Other current liabilities 820.4 871.6 Total current liabilities4,035.5 3,804.0 Long-term debt, net of debt discount and debt