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Wesco International WCC Consolidation — Income Tax Expense Benefit

Discontinued — last reported Q1 '18

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Other financials

Income statement

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Revenue$6.1B+13.8%
Gross profit$1.3B+14.8%
Operating income$293.5M+21.8%
Net income$153.8M+29.9%
EPS (diluted)$3.11+48.1%

Balance sheet

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Cash & equivalents$696.6M+2.2%
Total debt$6.6B+12.1%
Total equity$5.1B+1.3%
Total assets$17.0B+9.3%

Cash flow

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Operating cash flow$221.4M+691%
CapEx$23.4M+14.7%
Free cash flow$198.0M+2,505%

Valuation

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Market cap$17.79B+75.7%
Enterprise value$23.69B+50.4%
P/E26.3×+12.3×
P/S0.7×+0.3×

Profitability

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Gross margin21.2%-0.4pp
Operating margin5.3%-0.2pp
Net margin2.8%-0.5pp
FCF margin0.9%

Returns & leverage

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Return on equity13.3%-1.0pp
Debt / equity1.3×+0.1×
Current ratio2.1×0.0×

Where this comes from

Reported directly by Wesco International in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Wesco International’s 10-Q, filed May 4, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation — income tax expense benefit mean?
The removal of tax impacts related to internal company transactions to accurately report the total tax burden.
How do you interpret consolidation — income tax expense benefit?
Changes reflect shifts in the tax treatment of internal transfers or changes in the overall tax structure of the company.
How does consolidation — income tax expense benefit compare across companies?
Standard tax accounting adjustment for consolidated entities.