XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Gross Profit [Abstract]        
Revenues $ 5,745.5 $ 5,483.5 $ 11,267.4 $ 10,415.7
Cost of goods sold 4,503.1 4,294.1 8,816.5 8,177.2
Operating Expenses [Abstract]        
Selling, general and administrative expense 831.7 772.9 1,649.4 1,491.0
Depreciation and amortization 46.9 45.8 91.3 92.8
Income from operations 363.8 370.7 710.2 654.7
Interest Income (Expense), Nonoperating, Net 98.8 68.5 193.8 132.1
Other Nonoperating Income (Expense) 0.8 1.2 10.9 2.3
Income before income taxes 264.2 301.0 505.5 520.3
Provision for income taxes 71.8 79.9 115.9 117.6
Net income 192.4 221.1 389.6 402.7
Net (loss) income attributable to noncontrolling interest (0.7) 0.4 (0.6) 0.8
Net income attributable to WESCO International, Inc. 193.1 220.7 390.2 401.9
Preferred Stock Dividends, Income Statement Impact 14.4 14.4 28.7 28.7
Net Income (Loss) Available to Common Stockholders, Basic 178.7 206.3 361.5 373.2
Comprehensive Income:        
Foreign currency translation adjustment 41.2 (79.4) 58.2 (47.7)
Comprehensive income attributable to WESCO International, Inc. $ 219.9 $ 126.9 $ 419.7 $ 325.5
Basic (in dollars per share) $ 3.48 $ 4.07 $ 7.07 $ 7.37
Diluted (in dollars per share) $ 3.41 $ 3.95 $ 6.90 $ 7.15