Wex inc. (WEX)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Cash and cash equivalents

861

810

531

768

387

541

533

310

373

503

251

219

203

190

537

317

515

279

533

184

511

284

576

319

354

361

391

299

349

197

435

208

30

25

42

57

35

18

26

13

39

Restricted cash

165

170

139

131

138

13

22

25

26

18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable (net of allowances of $75,426 in 2020 and $52,274 in 2019)

2,093

2,661

3,181

3,202

2,830

2,584

3,124

3,087

2,770

2,455

2,595

2,455

2,246

2,054

2,061

1,886

1,567

1,508

1,791

1,972

1,804

1,865

2,033

2,205

1,980

1,712

1,913

1,831

1,781

1,556

1,630

1,532

1,555

1,323

1,512

1,557

1,418

1,160

1,146

1,025

844

Securitized accounts receivable, restricted

97

112

119

130

135

109

142

168

170

150

150

121

101

97

89

87

86

87

91

104

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

93

87

82

74

153

149

85

79

80

77

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

3,311

3,842

4,054

4,307

3,645

3,398

3,908

3,671

3,421

3,206

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

12

9

9

10

11

11

6

0

0

0

9

6

-

-

-

0

-

-

-

-

-

-

0

7

7

-

-

-

-

0

-

Available-for-sale securities

-

-

-

-

-

-

-

-

-

-

23

23

23

23

24

24

19

18

18

18

19

18

18

18

16

15

16

16

15

16

16

16

16

17

17

10

10

9

9

9

10

Fuel price derivatives, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5

13

16

31

40

6

-

-

0

0

2

-

-

0

11

-

0

2

-

-

-

0

5

6

Property, equipment and capitalized software (net of accumulated depreciation of $363,097 in 2020 and $344,212 in 2019)

207

212

207

196

196

187

166

161

162

163

185

177

171

167

162

150

146

138

124

114

108

105

96

81

76

72

70

59

59

60

65

65

60

62

62

61

61

60

54

49

44

Goodwill

2,418

2,441

2,436

2,325

2,331

1,832

1,838

1,843

1,876

1,876

1,813

1,808

1,840

1,838

1,841

1,119

1,123

1,112

1,068

1,089

1,085

1,117

1,095

833

828

819

824

816

844

847

579

568

554

549

541

559

554

537

525

315

315

Other intangible assets (net of accumulated amortization of $698,470 in 2020 and $666,793 in 2019)

1,528

1,575

1,615

1,514

1,382

1,034

1,069

1,103

1,119

1,154

1,155

1,192

1,228

1,265

1,293

448

461

470

443

461

472

497

471

195

201

206

209

215

233

241

137

109

105

109

109

120

124

124

126

31

34

Investment securities

30

30

30

30

24

24

24

22

23

23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes, net

16

12

12

11

11

9

8

6

6

7

8

8

7

6

43

7

9

10

9

11

10

5

3

72

78

88

92

98

91

121

104

113

141

143

144

159

163

161

160

168

183

Other assets

184

184

184

186

363

284

143

142

144

257

344

329

342

341

270

209

208

215

253

206

201

175

199

159

163

154

139

109

105

90

93

90

48

38

35

37

28

26

27

19

20

Acquisition deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

7,698

8,298

8,541

8,573

7,955

6,770

7,159

6,951

6,755

6,688

6,541

6,343

6,175

5,997

6,333

4,262

4,143

3,847

4,348

4,179

4,252

4,118

4,579

3,886

3,700

3,432

3,657

3,448

3,480

3,131

3,062

2,715

2,514

2,278

2,474

2,563

2,397

2,097

2,077

1,639

1,499

Liabilities and Stockholders’ Equity
Accounts payable

745

969

1,224

1,225

1,093

814

1,160

1,015

947

843

849

727

674

617

711

553

451

378

518

596

525

425

658

698

646

512

706

725

718

527

586

523

553

409

525

579

552

379

415

376

283

Accrued expenses

242

315

305

333

278

312

308

304

298

315

318

330

290

331

287

215

165

156

184

125

119

137

119

100

86

92

79

73

63

67

50

48

50

54

57

53

44

41

42

28

30

Restricted cash payable

165

170

139

131

138

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term deposits

1,137

1,310

1,158

1,087

835

927

878

828

778

986

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term debt, net

147

248

196

173

184

216

238

379

300

397

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

47

34

87

85

86

27

26

21

31

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

2,485

3,049

3,113

3,037

2,616

2,311

2,612

2,549

2,356

2,575

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term debt, net

2,672

2,686

2,700

2,764

2,809

2,133

2,140

2,125

2,132

2,027

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term deposits

173

143

416

500

300

345

386

326

330

306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

0

0

2

8

3

-

0

9

14

22

16

14

4

10

10

9

10

-

-

-

7

5

3

5

0

1

Deposits

-

-

-

-

-

-

-

-

-

-

1,091

1,122

1,040

1,118

1,286

937

1,041

870

1,189

905

1,133

979

1,468

1,251

1,190

1,088

1,158

987

1,025

890

1,206

961

706

693

700

768

657

529

495

519

423

Borrowed federal funds

-

-

-

-

-

-

-

-

-

-

28

-

-

-

-

-

-

-

0

50

-

-

-

-

-

-

0

-

-

48

-

-

47

6

68

9

0

59

64

24

71

Securitized debt

-

-

-

-

-

-

-

-

-

-

122

104

92

84

83

73

75

82

78

89

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving line-of-credit facility and term loans, net

-

-

-

-

-

-

-

-

-

-

1,727

1,740

1,795

1,599

1,702

727

670

664

709

720

815

901

683

277

281

285

288

292

296

621

300

320

288

295

360

386

413

407

420

91

128

Deferred income taxes, net

212

218

205

199

203

151

140

130

132

116

149

134

163

152

174

95

94

83

70

58

61

44

24

12

13

13

11

15

-

18

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

117

106

107

109

108

32

29

28

33

32

20

17

18

18

14

13

10

10

10

10

12

13

14

9

21

9

15

19

22

20

14

5

16

15

5

6

6

6

7

1

1

Notes outstanding, net

-

-

-

-

-

-

-

-

-

-

396

395

395

395

395

395

394

394

400

400

400

400

400

400

400

400

400

400

400

-

-

-

-

-

-

-

-

-

-

-

-

Other debt

-

-

-

-

-

-

-

-

-

-

166

149

107

125

108

62

50

50

50

51

51

52

54

30

-

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts due under tax receivable agreement

-

-

-

-

-

-

-

-

-

-

38

41

47

47

49

52

57

57

60

64

69

69

72

73

77

77

79

82

86

86

86

88

92

92

94

96

100

100

102

103

107

Fuel price derivatives, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

9

4

7

0

-

7

1

2

-

13

0

-

17

31

10

0

-

0

Redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10

Total liabilities

5,661

6,205

6,543

6,611

6,038

4,974

5,310

5,159

4,985

5,058

4,908

4,764

4,626

4,491

4,815

3,125

3,012

2,752

3,281

3,076

3,189

3,024

3,505

2,877

2,744

2,510

2,755

2,601

2,631

2,292

2,256

1,958

1,769

1,568

1,813

1,924

1,812

1,538

1,555

1,145

1,058

Commitments and contingencies (Note 15)

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

0

-

-

-

Redeemable non-controlling interest

159

156

146

117

99

0

-

-

-

-

-

-

-

-

-

-

-

-

0

14

13

16

17

19

19

18

19

19

21

21

22

-

-

-

-

-

-

-

-

-

-

Stockholders’ Equity
Stockholders’ Equity
Common stock $0.01 par value; 175,000 shares authorized; 47,938 issued in 2020 and 47,749 in 2019; 43,510 shares outstanding in 2020 and 43,321 in 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

680

675

661

651

635

593

584

574

567

569

561

552

545

547

542

181

176

174

172

183

179

179

177

172

169

168

166

163

160

162

157

153

150

146

144

141

138

132

129

126

112

Retained earnings

1,514

1,539

1,484

1,470

1,456

1,481

1,550

1,493

1,453

1,312

1,324

1,291

1,273

1,244

1,238

1,219

1,206

1,183

1,162

1,130

1,104

1,081

1,033

959

916

879

845

801

759

730

701

686

656

633

600

552

511

499

481

460

412

Net unrealized gain on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

Net unrealized loss on interest rate swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

-0

-0

0

-0

-0

-0

Net foreign currency translation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

28

38

-

16

46

35

27

13

-0

-0

Accumulated other comprehensive loss

-156

-115

-132

-117

-112

-117

-123

-114

-89

-89

-89

-100

-106

-122

-102

-104

-92

-103

-109

-67

-75

-50

-24

6

-1

-15

0

-7

37

37

37

28

38

30

16

46

35

27

12

-0

-0

Treasury stock at cost; 4,428 shares in 2020 and 2019

172

172

172

172

172

172

172

172

172

172

172

172

172

172

172

172

172

172

172

172

172

150

150

150

147

130

130

130

130

112

112

112

101

101

101

101

101

101

101

93

83

Total WEX Inc. stockholders’ equity

1,866

1,926

1,842

1,832

1,806

1,785

1,839

1,782

1,759

1,620

-

-

-

1,497

-

1,136

1,131

-

1,066

1,087

1,050

1,077

1,055

988

936

903

881

827

826

817

784

756

744

709

660

638

584

559

522

493

441

Non-controlling interest

10

9

9

10

10

10

9

9

10

9

8

8

8

8

11

12

13

12

12

13

13

17

19

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders’ equity

1,876

1,936

1,851

1,843

1,816

1,795

1,849

1,791

1,770

1,630

1,632

1,579

1,549

1,505

1,518

-

-

1,095

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and stockholders’ equity

7,698

8,298

8,541

8,573

7,955

6,770

7,159

6,951

6,755

6,688

6,541

6,343

6,175

5,997

6,333

4,262

4,143

3,847

4,348

4,179

4,252

4,118

4,579

3,886

3,700

3,432

3,657

3,448

3,480

3,131

3,062

2,715

2,514

2,278

2,474

2,563

2,397

2,097

2,077

1,639

1,499