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WEX Financial Statements and Analysis

NYSE : WEX

WEX

$169.68
-2.06-1.20%
At Close 4:00 PM
67.93
BESG ScoreESG Rating

FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

DateMar 31, 2025Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023
reported currencyUSDUSDUSDUSDUSD
calendar year20252024202420242023
periodQ1Q3Q2Q1Q4
revenue636.60M665.50M673.50M652.70M663.30M
cost of revenue270.00M249.30M290.10M292.00M290.00M
gross profit366.60M416.20M383.40M360.70M373.30M
gross profit ratio0.5760.6250.5690.5530.563
research and development expenses000078.70M
general and administrative expenses73.70M92.10M101.00M88.50M116.30M
selling and marketing expenses90.90M80.90M93.70M85.30M86.20M
selling general and administrative expenses164.60M173.00M213.90M196.20M214.80M
other expenses046.80M46.90M0-41.60M
operating expenses209.30M219.80M213.90M196.20M214.80M
cost and expenses479.30M467.50M504.00M488.20M504.80M
interest income0000-126.90M
interest expense058.40M59.90M60.30M51.80M
depreciation and amortization81.50M81.50M79.70M78.40M74.90M
ebitda234.90M281.00M245.70M228.70M233.40M
ebitda ratio0.3690.4220.370.3720.352
operating income157.30M196.40M169.50M164.50M158.50M
operating income ratio0.2470.2950.2520.2520.239
total other income expenses net-56.90M-55.30M-63.40M-74.50M-50.10M
income before tax100.40M141.10M106.10M90.00M108.40M
income before tax ratio0.1580.2120.1580.1380.163
income tax expense28.90M38.20M29.10M24.20M23.50M
net income71.50M102.90M77.00M65.80M84.90M
net income ratio0.1120.1550.1140.1010.128
eps1.842.551.851.572.01
eps diluted1.812.521.831.551.98
weighted average shs out38.90M40.30M41.70M41.80M42.30M
weighted average shs out dil39.40M40.80M42.00M42.40M42.80M
Graph

Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

DateMar 31, 2025Sep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023
reported currencyUSDUSDUSDUSDUSD
calendar year20252024202420242023
periodQ1Q3Q2Q1Q4
cash and cash equivalents610.30M535.40M1.778B2.082B2.23B
short term investments3.829B3.723B3.323B3.305B3.022B
cash and short term investments4.439B4.258B5.101B5.387B5.252B
net receivables3.768B3.77B3.966B4.018B3.569B
inventory00000
other current assets963.80M1.081B1.412B1.432B90.00M
total current assets9.171B9.109B9.383B9.535B8.912B
property plant equipment net258.80M261.30M256.90M249.50M304.70M
goodwill2.99B3.025B3.006B3.004B3.016B
intangible assets1.229B1.314B1.362B1.406B1.459B
goodwill and intangible assets4.218B4.339B4.368B4.41B4.474B
long term investments81.60M73.70M94.70M66.10M111.60M
tax assets18.30M16.00M14.60M14.80M13.70M
other non current assets216.20M162.20M129.40M146.80M66.20M
total non current assets4.793B4.852B4.864B4.887B4.971B
other assets100.00K100.00K1.001.000
total assets13.964B13.961B14.247B14.422B13.882B
account payables1.362B1.366B1.734B1.824B1.324B
short term debt1.486B1.435B1.249B1.113B1.053B
tax payables00000
deferred revenue0263.90M26.70M181.40M12.40M
other current liabilities5.914B5.653B5.827B5.867B6.13B
total current liabilities8.761B8.718B9.07B8.986B8.519B
long term debt03.143B2.96B3.082B2.828B
deferred revenue non current0064.30M79.20M83.00M
deferred tax liabilities non current147.10M137.60M132.60M132.80M129.50M
other non current liabilities4.246B284.90M301.60M365.10M502.30M
total non current liabilities4.393B3.566B3.394B3.659B3.542B
other liabilities001.0001.00
capital lease obligations000066.00M
total liabilities13.154B12.284B12.463B12.644B12.062B
preferred stock00000
common stock500.00K500.00K500.00K500.00K500.00K
retained earnings2.138B2.003B1.90B1.823B1.757B
accumulated other comprehensive income loss-245.10M-145.80M-281.20M-276.50M-229.20M
other total stockholders equity-1.083B-180.00M164.30M230.80M292.20M
total stockholders equity810.40M1.678B1.784B1.778B1.821B
total equity810.40M1.678B1.784B1.778B1.821B
total liabilities and stockholders equity13.964B13.961B14.247B14.422B13.882B
minority interest00000
total investments3.91B3.796B3.417B3.371B3.134B
total debt5.585B4.579B4.208B4.195B3.947B
net debt4.974B4.043B2.43B2.113B1.717B
Graph

Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

DateSep 30, 2024Jun 30, 2024Mar 31, 2024Dec 31, 2023Sep 30, 2023
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax000-20.90M8.70M
stock based compensation28.60M33.40M28.10M35.30M31.90M
change in working capital-213.90M-221.70M-359.80M520.40M-188.30M
accounts receivables000646.90M-429.80M
inventory0000429.80M
accounts payables000-272.00M243.90M
other working capital-213.90M-221.70M-359.80M145.50M-432.20M
other non cash items4.10M217.40M-140.70M71.40M130.60M
net cash provided by operating activities3.30M-7.00M-153.30M766.00M46.50M
investments in property plant and equipment-35.00M-44.70M-34.00M-41.90M-36.40M
acquisitions net-900.00K00-246.30M-150.70M
purchases of investments-392.20M-134.90M-391.70M-332.30M-86.60M
sales maturities of investments105.90M94.70M108.80M49.50M29.70M
other investing activites-4.10M100.00K-900.00K0-5.00M
net cash used for investing activites-321.30M-84.90M-317.80M-571.00M-249.00M
debt repayment-367.20M-166.80M-327.30M-511.20M-1.061B
common stock issued00016.10M0
common stock repurchased-370.00M-100.00M-73.60M-150.80M-48.60M
dividends paid000-1.929B0
other financing activites-185.00M-274.20M100.40M2.443B1.346B
net cash used provided by financing activities-187.80M-207.40M354.10M-132.00M236.80M
effect of forex changes on cash39.20M-4.00M-31.30M50.20M-36.40M
net change in cash-466.50M-303.40M-148.30M113.10M-2.10M
cash at end of period1.312B1.778B2.082B2.23B2.117B
cash at beginning of period1.778B2.082B2.23B2.117B2.119B
operating cashflow3.30M-7.00M-153.30M766.00M46.50M
capital expenditure-35.00M-44.70M-34.00M-41.90M-36.40M
free cash flow-31.70M-51.70M-187.30M724.10M10.10M
Graph

Frequently Asked Questions

How did WEX Inc. do last quarter? What was its Total Revenue and Cost of Revenue?
A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, WEX generated $636.60M in revenue last quarter, while its costs came in at $270.00M.
Last quarter, how much Gross Profit did WEX Inc. report?
A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. WEX Inc. reported a $366.60M Gross Profit for the quarter ended Sep 30, 2024.
Have WEX's Total Operating Expenses and Operating Income been favorable recently?
Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. WEX incurred $209.30M worth of Operating Expenses, while it generated $157.30M worth of Operating Income.
How much Net Income has WEX posted recently?
The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from WEX Inc., the company generated $71.50M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.
At the end of the last quarter, how much Cash and Equivalents did WEX Inc. have?
The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to WEX Inc. as of the end of the last quarter was $610.30M.
What are WEX's Total Net Receivables for the last quarter?
Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, WEX had Total Net Receivables of $3.77B.
In terms of Total Assets and Current Assets, where did WEX Inc. stand at?
An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of WEX were $9.17B, while the Total Assets stand at $13.96B.
As of the last quarter, how much Total Debt did WEX Inc. have?
The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of WEX's debt was $5.58B at the end of the last quarter.
What were WEX's Total Liabilities during the last reported quarter?
A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, WEX reported total liabilities of $13.15B.
How much did WEX's Working Capital change over the last quarter?
Working Capital Change for WEX was -$213.90M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.
WEX generated how much cash from operating activities?
An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. WEX generated $3.30M of Cash from Operating Activities during its recently reported quarter.
What was WEX's latest reported Net Change in Cash?
An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. WEX reported a -$466.50M Net Change in Cash in the most recent quarter.
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