OTHER FINANCIAL INFORMATION

12 Months Ended

Dec. 31, 2019

Condensed Financial Information [Abstract]

OTHER FINANCIAL INFORMATION

18. CONDENSED CONSOLIDATING FINANCIAL INFORMATION

WESCO Distribution has outstanding $500 million in aggregate principal amount of 2021 Notes and $350 million in aggregate principal amount of 2024 Notes. The 2021 Notes and 2024 Notes are unsecured senior obligations of WESCO Distribution and are fully and unconditionally guaranteed on a senior unsecured basis by WESCO International.

Condensed consolidating financial information for WESCO International, WESCO Distribution and the non-guarantor subsidiaries is presented in the following tables.

	Condensed Consolidating Balance Sheet
	December 31, 2019
	(In thousands)
	WESCO International, Inc.		WESCO Distribution, Inc.		Non-Guarantor Subsidiaries			Consolidating and Eliminating Entries			Consolidated
Cash and cash equivalents	$	—	$	46,499	$	104,403		$	—		$	150,902
Trade accounts receivable, net	—		—		1,187,359			—			1,187,359
Inventories	—		490,071		521,603			—			1,011,674
Prepaid expenses and other current assets	1,124		44,382		144,084			886			190,476
Total current assets	1,124		580,952		1,957,449			886			2,540,411
Intercompany receivables, net	—		—		2,668,314			(2,668,314		)	—
Property, buildings and equipment, net	—		82,753		98,695			—			181,448
Operating lease assets	—		141,824		94,010			—			235,834
Intangible assets, net	—		1,500		285,775			—			287,275
Goodwill	—		257,623		1,501,417			—			1,759,040
Investments in affiliates	3,451,020		5,379,728		—			(8,830,748		)	—
Other assets	—		854		12,773			—			13,627
Total assets	$	3,452,144	$	6,445,234	$	6,618,433		$	(11,498,176	)	$	5,017,635
Accounts payable	$	—	$	402,174	$	428,304		$	—		$	830,478
Short-term debt	—		—		26,255			—			26,255
Other current liabilities	—		42,901		183,539			886			227,326
Total current liabilities	—		445,075		638,098			886			1,084,059
Intercompany payables, net	1,186,661		1,481,653		—			(2,668,314		)	—
Long-term debt	—		842,708		414,359			—			1,257,067
Operating lease liabilities	—		111,291		68,539			—			179,830
Other noncurrent liabilities	—		113,487		124,521			—			238,008
Total WESCO International stockholders’ equity	2,265,483		3,451,020		5,379,728			(8,830,748		)	2,265,483
Noncontrolling interests	—		—		(6,812		)	—			(6,812		)
Total liabilities and stockholders’ equity	$	3,452,144	$	6,445,234	$	6,618,433		$	(11,498,176	)	$	5,017,635

	Condensed Consolidating Balance Sheet
	December 31, 2018
	(In thousands)
	WESCO International, Inc.		WESCO Distribution, Inc.		Non-Guarantor Subsidiaries			Consolidating and Eliminating Entries			Consolidated
Cash and cash equivalents	$	—	$	35,931	$	60,412		$	—		$	96,343
Trade accounts receivable, net	—		—		1,166,607			—			1,166,607
Inventories	—		440,422		508,304			—			948,726
Prepaid expenses and other current assets	1,123		57,586		124,523			(9,268		)	173,964
Total current assets	1,123		533,939		1,859,846			(9,268		)	2,385,640
Intercompany receivables, net	—		—		2,403,704			(2,403,704		)	—
Property, buildings and equipment, net	—		63,506		97,372			—			160,878
Intangible assets, net	—		2,131		313,885			—			316,016
Goodwill	—		257,623		1,464,980			—			1,722,603
Investments in affiliates	3,188,124		5,137,783		—			(8,325,907		)	—
Other assets	—		2,905		16,994			—			19,899
Total assets	$	3,189,247	$	5,997,887	$	6,156,781		$	(10,738,879	)	$	4,605,036
Accounts payable	$	—	$	404,373	$	389,975		$	—		$	794,348
Short-term debt	—		—		30,785			—			30,785
Other current liabilities	—		86,600		159,481			(9,268		)	236,813
Total current liabilities	—		490,973		580,241			(9,268		)	1,061,946
Intercompany payables, net	1,053,937		1,349,767		—			(2,403,704		)	—
Long-term debt	—		842,093		325,218			—			1,167,311
Other noncurrent liabilities	—		126,930		119,123			—			246,053
Total WESCO International stockholders’ equity	2,135,310		3,188,124		5,137,783			(8,325,907		)	2,135,310
Noncontrolling interests	—		—		(5,584		)	—			(5,584		)
Total liabilities and stockholders’ equity	$	3,189,247	$	5,997,887	$	6,156,781		$	(10,738,879	)	$	4,605,036

Reclassification

Certain reclassifications have been made to conform the presentation of previously reported amounts to that of the current period.

	Condensed Consolidating Statement of Income and Comprehensive Income
	Year ended December 31, 2019
	(In thousands)
	WESCO International, Inc.			WESCO Distribution, Inc.			Non-Guarantor Subsidiaries			Consolidating and Eliminating Entries			Consolidated
Net sales	$	—		$	3,642,413		$	4,899,987		$	(183,483	)	$	8,358,917
Cost of goods sold (excluding depreciation and	—			2,954,246			4,006,693			(183,483		)	6,777,456
amortization)
Selling, general and administrative expenses	—			593,025			580,112			—			1,173,137
Depreciation and amortization	—			19,155			42,952			—			62,107
Results of affiliates’ operations	222,198			201,247			—			(423,445		)	—
Net interest and other	—			49,392			14,764			—			64,156
Provision for income taxes	—			5,644			54,219			—			59,863
Net income	222,198			222,198			201,247			(423,445		)	222,198
Less: Net loss attributable to noncontrolling interests	—			—			(1,228		)	—			(1,228		)
Net income attributable to WESCO International	$	222,198		$	222,198		$	202,475		$	(423,445	)	$	223,426
Other comprehensive income (loss):
Foreign currency translation adjustments	49,306			49,306			49,306			(98,612		)	49,306
Post retirement benefit plan adjustments, net of tax	(8,643		)	(8,643		)	(8,643		)	17,286			(8,643		)
Comprehensive income attributable to WESCO International	$	262,861		$	262,861		$	243,138		$	(504,771	)	$	264,089

	Condensed Consolidating Statement of Income and Comprehensive Income
	Year ended December 31, 2018
	(In thousands)
	WESCO International, Inc.			WESCO Distribution, Inc.			Non-Guarantor Subsidiaries			Consolidating and Eliminating Entries			Consolidated
Net sales	$	—		$	3,572,406		$	4,757,321		$	(153,126	)	$	8,176,601
Cost of goods sold (excluding depreciation and	—			2,890,490			3,871,856			(153,126		)	6,609,220
amortization)
Selling, general and administrative expenses	—			590,009			561,935			—			1,151,944
Depreciation and amortization	—			18,334			44,663			—			62,997
Results of affiliates’ operations	225,355			209,802			—			(435,157		)	—
Net interest and other	—			54,178			17,237			—			71,415
Provision for income taxes	—			3,842			51,828			—			55,670
Net income	225,355			225,355			209,802			(435,157		)	225,355
Less: Net loss attributable to noncontrolling interests	—			—			(1,988		)	—			(1,988		)
Net income attributable to WESCO International	$	225,355		$	225,355		$	211,790		$	(435,157	)	$	227,343
Other comprehensive income (loss):
Foreign currency translation adjustments	(99,643		)	(99,643		)	(99,643		)	199,286			(99,643		)
Post retirement benefit plan adjustments, net of tax	3,798			3,798			3,798			(7,596		)	3,798
Comprehensive income attributable to WESCO International	$	129,510		$	129,510		$	115,945		$	(243,467	)	$	131,498

	Condensed Consolidating Statement of Income and Comprehensive Income
	Year ended December 31, 2017
	(In thousands)
	WESCO International, Inc.			WESCO Distribution, Inc.			Non-Guarantor Subsidiaries			Consolidating and Eliminating Entries			Consolidated
Net sales	$	—		$	3,370,088		$	4,441,655		$	(132,722	)	$	7,679,021
Cost of goods sold (excluding depreciation and	—			2,714,511			3,612,577			(132,722		)	6,194,366
amortization)
Selling, general and administrative expenses	—			555,503			546,095			—			1,101,598
Depreciation and amortization	—			18,442			45,575			—			64,017
Results of affiliates’ operations	160,587			168,782			—			(329,369		)	—
Net interest and other	—			94,313			(27,713		)	—			66,600
Provision for income taxes	(2,546		)	(4,486		)	96,339			—			89,307
Net income	$	163,133		$	160,587		$	168,782		$	(329,369	)	$	163,133
Less: Net loss attributable to noncontrolling interests	—			—			(327		)	—			(327		)
Net income attributable to WESCO International	$	163,133		$	160,587		$	169,109		$	(329,369	)	$	163,460
Other comprehensive income (loss):
Foreign currency translation adjustments	85,762			85,762			85,762			(171,524		)	85,762
Post retirement benefit plan adjustments, net of tax	(6,381		)	(6,381		)	(6,381		)	12,762			(6,381		)
Comprehensive income attributable to WESCO International	$	242,514		$	239,968		$	248,490		$	(488,131	)	$	242,841

	Condensed Consolidating Statement of Cash Flows
	Year ended December 31, 2019
	(In thousands)
	WESCO International, Inc.			WESCO Distribution, Inc.			Non-Guarantor Subsidiaries			Consolidating and Eliminating Entries			Consolidated
Net cash provided by operating activities	$	20,328		$	188,797		$	15,242		$	—		$	224,367
Investing activities:
Capital expenditures	—			(22,330		)	(21,737		)	—			(44,067		)
Acquisition payments	—			(27,597		)	—			—			(27,597		)
Proceeds from sale of assets	—			—			16,795			—			16,795
Dividends received from subsidiaries	—			134,853			—			(134,853		)	—
Advances to subsidiaries and other	—			(222,482		)	(5,931		)	222,482			(5,931		)
Net cash used in investing activities	—			(137,556		)	(10,873		)	87,629			(60,800		)
Financing activities:
Proceeds from issuance of debt	132,721			423,441			998,019			(222,482		)	1,331,699
Repayments of debt	—			(449,190		)	(824,302		)	—			(1,273,492		)
Equity activities	(153,049		)	—			—			—			(153,049		)
Dividends paid by subsidiaries	—			—			(134,853		)	134,853			—
Other	—			(14,924		)	—			—			(14,924		)
Net cash (used in) provided by financing activities	(20,328		)	(40,673		)	38,864			(87,629		)	(109,766		)
Effect of exchange rate changes on cash and cash equivalents	—			—			758			—			758
Net change in cash and cash equivalents	—			10,568			43,991			—			54,559
Cash and cash equivalents at the beginning of period	—			35,931			60,412			—			96,343
Cash and cash equivalents at the end of period	$	—		$	46,499		$	104,403		$	—		$	150,902

	Condensed Consolidating Statement of Cash Flows
	Year ended December 31, 2018
	(In thousands)
	WESCO International, Inc.			WESCO Distribution, Inc.			Non-Guarantor Subsidiaries			Consolidating and Eliminating Entries			Consolidated
Net cash provided by operating activities	$	18,672		$	153,467		$	124,582		$	—		$	296,721
Investing activities:
Capital expenditures	—			(17,573		)	(18,637		)	—			(36,210		)
Proceeds from sale of assets	—			—			12,461			—			12,461
Dividends received from subsidiaries	—			347,531			—			(347,531		)	—
Advances to subsidiaries and other	—			(406,028		)	196,219			199,416			(10,393		)
Net cash (used in) provided by investing activities	—			(76,070		)	190,043			(148,115		)	(34,142		)
Financing activities:
Proceeds from issuance of debt	108,497			339,606			1,086,673			(199,416		)	1,335,360
Repayments of debt	—			(410,606		)	(1,051,611		)	—			(1,462,217		)
Equity activities	(127,169		)	—			—			—			(127,169		)
Dividends paid by subsidiaries	—			—			(347,531		)	347,531			—
Other	—			(21,068		)	—			—			(21,068		)
Net cash used in financing activities	(18,672		)	(92,068		)	(312,469		)	148,115			(275,094		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(9,095		)	—			(9,095		)
Net change in cash and cash equivalents	—			(14,671		)	(6,939		)	—			(21,610		)
Cash and cash equivalents at the beginning of period	—			50,602			67,351			—			117,953
Cash and cash equivalents at the end of period	$	—		$	35,931		$	60,412		$	—		$	96,343

	Condensed Consolidating Statement of Cash Flows
	Year ended December 31, 2017
	(In thousands)
	WESCO International, Inc.			WESCO Distribution, Inc.			Non-Guarantor Subsidiaries			Consolidating and Eliminating Entries			Consolidated
Net cash (used in) provided by operating activities	$	(36,575	)	$	101,826		$	83,871		$	—		$	149,122
Investing activities:
Capital expenditures	—			(13,215		)	(8,292		)	—			(21,507		)
Proceeds from sale of assets	—			—			6,766			—			6,766
Dividends received from subsidiaries	—			307,784			—			(307,784		)	—
Advances to subsidiaries and other	—			(383,686		)	26,912			366,220			9,446
Net cash (used in) provided by investing activities	—			(89,117		)	25,386			58,436			(5,295		)
Financing activities:
Proceeds from issuance of debt	143,367			775,926			1,144,848			(383,686		)	1,680,455
Repayments of debt	—			(785,392		)	(952,740		)	17,466			(1,720,666		)
Equity activities	(106,792		)	—			—			—			(106,792		)
Dividends paid by subsidiaries	—			—			(307,784		)	307,784			—
Other	—			5,807			—			—			5,807
Net cash provided by (used in) financing activities	36,575			(3,659		)	(115,676		)	(58,436		)	(141,196		)
Effect of exchange rate changes on cash and cash equivalents	—			—			5,191			—			5,191
Net change in cash and cash equivalents	—			9,050			(1,228		)	—			7,822
Cash and cash equivalents at the beginning of period	—			41,552			68,579			—			110,131
Cash and cash equivalents at the end of period	$	—		$	50,602		$	67,351		$	—		$	117,953