WESCO International, Inc. WCC Cash Flow

Wesco international, inc. (WCC)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Operating Activities:
Net income
222,198	225,355	163,133	101,120	208,373	275,437	276,518	201,759	196,240	115,477	105,088	204,133
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
62,107	62,997	64,017	66,858	64,968	68,017	67,642	37,561	31,607	23,935	26,045	26,731
Unrecognized Tax Benefits, Interest on Income Taxes Expense
800	200	100	1,200	8,700	964	599	-2,593	1,901	4,980	969	366
Deferred income taxes
13,205	9,137	-50,396	-45,174	42,850	4,979	20,634	17,663	14,373	20,982	-7,959	-3,746
Stock-based compensation expense
19,062	16,445	14,809	12,493	12,899	14,766	15,917	15,088	15,407	15,752	13,324	12,886
Amortization of Debt Issuance Costs
-	-	-	-	-	4,426	4,880	2,655	4,435	2,584	3,494	3,374
Amortization of Debt Issuance Costs and Discounts
-	-	-	6,684	12,195	-	-	-	-	-	-	-
Amortization of debt discount
-	-	-	-	-	4,136	4,308	2,260	2,499	4,262	11,806	14,512
Extinguishment of Debt, Amount
-	-	-	-123,933	0	0	13,229	1,595	0	0	-	-
Gain on debt exchange
-	-	-	-	-	-	-	-	-	-	5,962	-
(Gain) loss on sale of property, buildings and equipment
-	-	-	-	45	7,733	4,174	546	-304	224	-123	2,042
Loss on sale of Argentina business
-	-	-	-	-	0	-2,315	0	0	-	-	-
Loss on sale of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-3,005
Asset impairment charge
-	-	-	-	-	-	-	-	-	3,793	0	-
Equity income, net of distributions in 2010 of $1,864
-	-	-	-	-	-	-	-	-	2,420	-668	668
Excess tax benefit from stock-based compensation
-	-	-	-	-	5,705	3,631	11,358	5,408	3,217	1,250	10,193
Other operating activities, net
-11,175	-3,652	25	-5,538	11,627	-	-	-	-	-	-	-
Changes in assets and liabilities
Increase (Decrease) in Accounts Receivable
-11,453	22,934	112,977	-56,767	-40,102	89,029	30,464	-58,194	137,673	-	-	-
Other accounts receivable
-	-	-	-	-57,242	11,659	42,983	21,779	5,818	-	-	-
Increase (Decrease) in Accounts and Other Receivables
-	-	-	-	-	-	-	-	-	118,478	-179,662	-28,352
Inventories, net
47,297	8,702	119,002	1,612	-2,410	36,847	9,339	29,339	33,769	33,956	-107,848	-26,556
Prepaid expenses and other current assets
-	-	-	-	8,517	27,020	19,196	-19,588	-11,268	-12,641	12,492	-7,566
Increase (Decrease) in Other Operating Assets
28,785	4,239	2,829	11,579	-	-	-	-	-	-	-	-
Accounts payable
23,505	9,193	102,870	-40,607	-55,914	37,587	37,789	-24,346	101,677	53,902	-114,289	-31,198
Accrued payroll and benefit costs
-39,081	18,777	24,679	-1,922	-15,015	7,619	-19,163	-2,498	9,988	34,422	-19,418	-615
Other current and noncurrent liabilities
-825	-5,656	64,793	15,654	-66,872	11,218	260	24,280	-39,498	-7,152	4,007	842
Net cash provided by operating activities
224,367	296,721	149,122	300,235	283,049	251,156	315,141	288,184	167,533	127,283	291,664	279,861
Investing Activities:
Capital expenditures
44,067	36,210	21,507	17,957	21,658	20,548	27,825	23,084	33,347	15,132	12,970	35,284
Acquisition payments, net of cash acquired
27,597	0	0	50,890	151,595	138,630	0	1,289,480	48,093	265,397	262	12,080
Proceeds from sale of subsidiary
-	-	-	-	-	-	-	-	97	40,000	0	60,000
Equity distribution
-	-	-	-	-	-	-	-	-	4,054	2,420	-
Collection of note receivable
-	-	-	-	-	-	-	0	0	15,000	0	-
Proceeds from sale of assets
16,795	12,461	6,766	8,361	3,023	14,991	10,807	1,558	97	932	120	3,794
Other investing activities
5,931	10,393	-9,446	10,000	0	0	1,205	-	-	-	-	-
Net cash used in investing activities
-60,800	-34,142	-5,295	-70,486	-170,230	-144,187	-18,223	-1,311,006	-81,343	-220,543	-10,692	16,430
Financing Activities:
Repayments of short-term debt
-	-	-	131,501	101,353	57,827	58,288	9,969	0	0	-	-
Proceeds from (Repayments of) Short-term Debt
-29,780	-1,454	11,789	-	-	-	-	-	-	-	-	-185,000
Proceeds from issuance of short-term debt
-	-	-	111,458	102,033	71,308	72,895	24,569	0	0	-	-
Proceeds from issuance of long-term debt
1,305,421	1,193,067	1,504,636	2,082,738	1,528,578	1,168,580	1,429,956	2,299,797	648,557	1,454,479	403,700	898,900
Repayments of Long-term Debt
1,217,434	1,318,470	1,556,636	2,323,568	1,435,820	1,244,173	1,682,189	1,244,030	730,897	1,419,526	657,385	890,063
Proceeds from Stock Options Exercised
-	-	-	-	-	838	30	3,174	419	1,771	1,377	10,722
Excess tax benefit from stock-based compensation
-	-	-	-	-	5,705	3,631	11,358	5,408	3,217	1,250	10,193
Payments for Repurchase of Common Stock
153,049	127,169	106,792	4,818	155,805	7,222	7,890	12,280	7,840	655	64	78,852
Payments of Debt Issuance Costs
-	-	-	6,002	3,359	472	12,222	17,757	4,703	2,553	13,749	426
Payment for Contingent Consideration Liability, Financing Activities
11,401	0	0	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Book Overdrafts
204	-19,857	8,199	-4,907	-	-	-1,954	-8,283	19,899	-4,601	1,823	-28,581
Other financing activities, net
-3,727	-1,211	-2,392	337	-2,089	-2,832	1,488	2,531	1,751	1,497	1,897	1,882
Net cash used in financing activities
-109,766	-275,094	-141,196	-276,263	-67,815	-95,490	-257,519	1,044,048	-70,908	30,635	-264,945	-264,989
Other Payments to Acquire Businesses
-	-	-	-	-	29,395	0	-	-	-	-	-
Effect of exchange rate on cash and cash equivalents
758	-9,095	5,191	-3,634	-13,044	-6,885	-1,773	1,004	-4,990	3,873	9,964	-17,261
Cash and Cash Equivalents, Period Increase (Decrease)
54,559	-21,610	7,822	-50,148	31,960	4,594	37,626	22,230	10,292	-58,752	25,991	14,041
Supplemental disclosures:
Interest Paid, Excluding Capitalized Interest, Operating Activities
65,275	64,702	63,795	74,391	66,342	74,016	75,462	42,935	43,446	46,899	32,113	48,151
Income Taxes Paid
64,531	61,983	65,117	76,293	74,213	107,147	90,678	51,733	79,189	11,044	45,185	74,460
Non-cash investing and financing activities:
Payments to Acquire Equipment on Lease
1,341	437	552	1,143	288	1,091	1,970	3,216	1,112	301	781	2,610
Issuance of treasury stock
-	-	-	-	-	-	-	-	-	-	-	42