WESCO International, Inc. WCC Cash Flow

Wesco international, inc. (WCC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating Activities:
Net income
34,175	52,693	64,341	63,214	41,950	58,066	66,645	57,673	42,971	22,218	53,581	49,534	37,800	47,753	-31,020	49,853	34,534	48,560	62,382	50,638	46,793	73,978	80,817	68,787	51,855	57,956	69,118	65,350	84,094	26,496	63,391	58,932	52,940	54,838	53,890	50,207	37,305	34,823	33,661	27,793	19,200
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
16,093	16,072	15,611	15,182	15,242	15,676	15,618	15,824	15,879	16,259	16,072	15,721	15,965	16,589	16,937	16,958	16,374	16,621	16,287	16,139	15,921	17,041	17,418	17,186	16,372	16,969	16,803	17,153	16,717	11,130	9,910	8,442	8,079	8,746	7,674	7,641	7,546	6,251	5,963	5,620	6,101
Unrecognized Tax Benefits, Interest on Income Taxes Expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	320	323	1,131	127	4,429	861	-273	-37
Deferred income taxes
1,979	8,584	2,638	1,090	893	-3,057	6,094	3,364	2,736	-58,829	2,029	4,114	2,290	-23,332	-35,267	6,952	6,473	16,511	9,622	8,868	7,849	-12,868	4,128	5,855	7,864	-15,852	9,726	6,667	20,093	-4,271	7,978	6,711	7,245	6,671	-2,706	10,488	-80	25,533	-762	-4,081	292
Stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,047	2,853	4,528	4,979	4,300	4,335	3,600	3,517
Amortization of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	597	2,516	667	655	602	679	668	635
Amortization of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	649	639	605	606	532	1,172	1,279	1,279
(Gain) loss on sale of property, buildings and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-133	-36	-106	-29	-39	325	42	-104
Asset impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	393	3,400
Equity income, net of distributions in 2010 of $1,864
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	1	2,420
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,885	144	2,362	1,017	2,504	84	221	408
Other operating activities, net
1,760	-22,051	-1,085	6,000	5,961	-11,242	-3,437	5,942	5,085	-12,592	4,311	3,626	4,680	-16,766	835	5,676	4,717	-5,871	4,790	5,043	7,665	-	-1,138	3,680	2,202	-	7,329	4,859	2,831	-	-147	-4,367	211	-	-	-	-	-	-	-	-
Changes in assets and liabilities
Increase (Decrease) in Accounts Receivable
53,944	-134,356	-34,484	80,691	76,696	-81,281	1,648	65,058	37,509	-61,690	78,689	73,895	22,083	-59,842	-14,175	27,898	-10,648	-89,901	46,011	13,493	-9,705	-85,409	52,641	66,512	55,285	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,403	10,932	9,192	12,456	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Accounts and Other Receivables
-19,236	-	16,700	-9,725	-22,425	-	18,571	-8,444	-29,986	-	12,004	1,826	-18,251	-	13,918	-4,579	-24,863	-	11,678	-64,496	-12,075	-	15,451	10,196	-22,868	-	7,985	21,500	61,816	-	1,568	20,851	38,214	-	48,208	36,767	69,711	-31,091	69,365	38,981	41,223
Inventories, net
-37,807	45,797	-38,155	-1,113	40,768	31,891	-11,782	-8,415	-2,992	32,266	49,859	10,515	26,362	-6,039	3,274	-13,146	17,523	-41,272	12,120	13,494	13,248	-17,206	9,143	27,537	17,373	-2,404	-15,976	25,278	2,441	13,311	-1,358	19,372	-1,986	-10,386	3,346	2,143	38,666	-6,903	19,015	23,909	-2,065
Prepaid expenses and other current assets
3,125	-	13,010	22,784	-15,074	-	9,222	17,683	-4,817	-	2,155	13,230	-6,870	-	-4,150	8,178	4,597	-3,535	12,452	21,074	-21,474	-8,077	4,257	11,172	19,668	13,315	30,828	5,213	-30,160	-21,869	9,590	-2,150	-5,159	-12,266	3,110	747	-2,859	-9,289	-135	3,734	-6,951
Accounts payable
-10,858	-23,397	-15,582	-5,601	68,085	-9,042	-7,838	17,996	8,077	-35,478	61,512	50,765	26,071	-10,318	-11,507	-22,005	3,223	-86,303	29,543	-19,743	20,589	-69,299	59,804	3,478	43,604	-12,357	-3,110	11,492	41,764	-62,886	-22,682	10,892	50,330	-8,873	29,687	-26,534	107,397	-64,448	32,594	6,832	78,924
Accrued payroll and benefit costs
-18,973	-3,026	7,684	-15,888	-27,851	15,989	19,376	7,973	-24,561	22,296	13,169	10,982	-21,768	726	-89	11,973	-14,532	5,379	6,119	122	-26,635	-129	13,458	11,144	-16,854	-	-	-	-22,291	12,905	13,851	-3,364	-25,890	12,674	14,615	-619	-16,682	13,798	13,133	11,942	-4,451
Other current and noncurrent liabilities
7,378	-5,278	8,903	-9,004	4,554	-7,954	8,840	-9,062	2,520	68,639	6,375	-16,147	5,926	-21,343	13,623	8,986	14,388	-16,664	-3,159	-34,917	-12,132	-5,309	-4,017	9,416	11,128	49,972	-6,155	-27,295	-16,262	10,409	16,511	867	-3,507	-15,059	-5,408	-15,465	-3,566	-18,853	3,759	13,197	-5,255
Net cash provided by operating activities
31,528	107,703	125,439	-37,644	28,869	122,261	87,639	33,828	52,993	68,011	14,342	19,129	47,640	83,047	78,578	60,042	78,568	107,085	43,323	42,585	90,056	111,336	88,978	4,129	46,713	135,472	59,942	39,334	80,393	98,501	74,500	56,844	58,339	95,705	49,311	-9,264	31,781	51,786	6,741	82	68,674
Investing Activities:
Capital expenditures
15,762	13,744	8,921	10,574	10,828	12,461	7,365	8,722	7,662	5,537	6,175	5,305	4,490	4,774	6,097	3,478	3,608	5,416	3,618	7,598	5,026	4,512	4,251	6,773	5,012	7,353	8,722	5,776	5,974	3,615	7,135	7,825	4,509	9,381	8,109	10,298	5,559	5,009	4,101	3,776	2,246
Acquisition payments, net of cash acquired
100,000	-145	0	0	27,742	0	0	0	0	-	-	-	-	145	-201	598	50,348	83,093	0	68,502	0	-175	5,487	42,131	91,187	0	0	0	0	1,088,357	179,143	0	21,980	39,927	-142	510	7,798	251,053	48	14,248	48
Equity distribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,689	1,365
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	27	17	42	7	747	163	15
Other investing activities
-5,497	10,506	-5,730	1,208	-53	14,002	-12,293	-76	8,760	-5,956	-23	-3,434	-33	6,115	-4,218	-45	8,148	1,791	-366	-640	-785	5,444	-5,417	12	-39	10,481	378	-4,710	-4,944	-	0	11	-11	-	-	-	-	-	-	-	-
Net cash used in investing activities
-110,265	-7,310	-3,191	-11,782	-38,517	-14,002	4,928	-8,646	-16,422	7,185	-6,152	-1,871	-4,457	-2,673	-1,678	-4,031	-62,104	-87,277	-3,252	-75,460	-4,241	5,210	-4,321	-48,916	-96,160	-7,027	-9,100	-1,066	-1,030	-1,090,465	-186,261	-7,802	-26,478	-49,297	-7,940	-10,791	-13,315	-256,055	-3,402	39,828	-914
Financing Activities:
Repayments of short-term debt
-	-	-	-	-	-	-	33,541	52,220	-	46,455	44,625	23,892	34,966	33,598	46,292	16,645	27,889	15,311	14,195	43,958	15,659	16,185	12,772	13,211	24,480	19,421	13,082	1,305	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (Repayments of) Short-term Debt
-383	-	-	-	-28,414	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of short-term debt
-	-	-	-	-	-	-	29,942	57,919	-	61,633	39,127	30,130	21,611	26,102	42,969	20,776	26,469	15,144	11,060	49,360	21,581	16,642	14,582	18,503	29,923	17,537	18,555	6,880	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
585,511	200,024	221,889	459,842	423,666	198,744	199,435	301,888	493,000	424,918	417,640	373,405	288,673	351,023	705,323	703,172	323,220	308,244	426,158	474,237	319,939	256,434	305,310	201,914	404,922	670,486	248,606	235,729	275,135	1,559,347	411,590	175,107	153,753	183,576	137,457	209,378	118,146	738,005	406,022	104,952	205,500
Repayments of Long-term Debt
300,511	290,024	273,136	276,449	377,825	237,147	232,435	333,888	515,000	479,918	384,640	349,405	342,673	408,023	812,753	729,572	373,220	307,126	407,387	376,986	344,321	358,765	348,360	146,816	390,232	766,627	289,795	293,516	332,251	552,828	279,553	226,044	185,605	265,997	165,239	159,403	140,258	588,728	406,394	162,003	262,401
Proceeds from Stock Options Exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	209	11	-12	211	1,029	129	186	427
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,885	144	2,362	1,017	2,504	84	221	408
Payments for Repurchase of Common Stock
1,566	314	13	150,150	2,572	100,114	25,164	230	1,661	90	50,037	50,129	6,536	745	3,333	72	668	30	75,026	53,147	27,602	291	490	1,110	5,331	-	-	-	-	-	-	-	-	1,590	275	4,736	1,239	406	138	81	30
Payments of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	455	4,019	34	195	504	1,453	187	409
Increase (Decrease) in Book Overdrafts
-	-	-	-	-	-	-	1,167	-10,575	-	-	-3,907	4,062	-	-	-5,498	11,972	-	-	9,417	-6,725	-	-	-	-	-	-	-	-	-	-	-	-	6,900	12,672	-1,333	1,660	1,944	3,115	-4,265	-5,395
Other financing activities, net
-4,360	-3,902	647	-4,863	4,391	7,090	-7,751	-260	-290	1,988	-3,612	-316	-452	3,831	2,828	-6,113	-209	9,164	-12,141	1,372	-484	-451	-7,242	-4,027	8,888	9,080	-13,621	3,558	2,471	6,839	-1,617	446	-3,137	641	294	457	359	263	404	292	538
Net cash used in financing activities
278,691	-91,684	-68,097	30,769	19,246	-150,274	-61,071	-34,922	-28,827	-49,032	-5,626	-35,850	-50,688	-78,178	-121,905	-41,406	-34,774	5,473	-71,255	51,758	-53,791	-91,080	-79,720	51,771	23,539	-102,999	-56,694	-48,756	-49,070	969,657	147,098	-37,718	-34,989	-76,113	-19,543	45,765	-21,017	153,581	961	-61,469	-62,438
Effect of exchange rate on cash and cash equivalents
-8,296	4,033	-3,209	-225	159	-4,402	324	-3,217	-1,800	-2,294	3,720	3,391	374	-4,902	-2,448	-2,149	5,865	2,146	-10,271	1,073	-5,992	-7,515	3,788	-1,697	-1,461	-296	-85	-1,791	399	769	102	-2,767	2,900	-475	-6,394	473	1,406	1,145	3,016	-3,711	3,423
Cash and Cash Equivalents, Period Increase (Decrease)
-	-	-	-	-	-46,417	31,820	-12,957	5,944	23,870	6,284	-15,201	-7,131	-2,706	-47,453	12,456	-12,445	27,427	-41,455	19,956	26,032	17,951	8,725	5,287	-27,369	25,150	-5,937	-12,279	30,692	-21,538	35,439	8,557	-228	-30,180	15,434	26,183	-1,145	-49,543	7,316	-25,270	8,745
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total
191,658	-	-	-	9,757	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures:
Interest Paid, Excluding Capitalized Interest, Operating Activities
4,029	26,928	5,560	28,204	4,583	27,564	4,758	27,773	4,607	28,451	4,568	26,984	3,792	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Taxes Paid
6,245	10,487	18,715	30,311	5,018	13,239	14,952	28,287	5,505	14,208	20,245	28,622	2,042	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability
57,185	-	-	-	8,092	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Payments to Acquire Equipment on Lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	902	30	50	130	16	121	150	14
Issuance of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	960	-	-	-	-