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Asset logo for symbol WEX
WEX
WEX70
$169.22arrow_drop_down1.84%-$3.18
Asset logo for symbol WEX
WEX70

$169.22

arrow_drop_down1.84%

Income Statement (WEX)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
EBIT$199.50M$166.00M$150.30M$160.20M$149.40M
EBITDA$281.00M$245.70M$228.70M$235.10M$216.90M
gross Profit$416.20M$383.40M$360.70M$373.30M$416.30M
NET Income$102.90M$77.00M$65.80M$84.90M$18.40M
total Revenue$665.50M$673.50M$652.70M$663.30M$651.40M

Balance Sheet (WEX)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
cash Equivalents----$957.80M
net Debt$4.04B$2.42B$2.11B$1.71B$2.64B
stockholders Equity$1.67B$1.78B$1.77B$1.82B$1.69B
total Assets$13.96B$14.24B$14.42B$13.88B$13.90B
total Debt$4.57B$4.20B$4.19B$3.94B$3.60B
total Liabilities$12.28B$12.46B$12.64B$12.06B$12.20B

Cash Flow (WEX)

itemSep 2024Jun 2024Mar 2024Dec 2023Sep 2023
financing Cash Flow-$187.80M-$207.40M$354.10M-$132.00M$236.80M
free Cash Flow-$31.70M-$51.70M-$187.30M$724.10M$10.10M
investing Cash Flow-----$1.57B
operating Cash Flow$3.30M-$7.00M-$153.30M$766.00M$46.50M

WEX (WEX) Financials

INSTRUMENT_FINANCIALS are an essential aspect of understanding the financial health and performance of WEX Inc (WEX). One of the key components of the financial statements is the income statement, which provides a detailed breakdown of the company's revenues, expenses, and net income. The income statement shows the total revenue generated by WEX Inc (WEX) and subtracts the cost of goods sold to arrive at the gross profit. This statement also includes operating expenses, interest expense, and taxes, resulting in the net income from stockholders. It gives investors an insight into the profitability of the company.
Earnings before interest and taxes (EBIT) is another crucial metric to evaluate the financial performance of WEX Inc (WEX). EBIT represents the company's operating profit before deducting interest and taxes. It provides a measure of WEX Inc (WEX)'s profitability from its core business operations. EBITDA, or earnings before interest, taxes, depreciation, and amortization, is an even more accurate representation of WEX Inc (WEX)'s operating performance as it adds back non-cash expenses such as depreciation and amortization to EBIT. This metric is often used to compare companies within the same industry and assess their operating efficiency.
When analyzing the balance sheet of WEX Inc (WEX), it is crucial to consider the company's total assets, total liabilities, and stockholders' equity. Total assets represent the company's resources, including cash equivalents, accounts receivable, inventory, and property. On the other hand, total liabilities include the company's debts and obligations. Stockholders' equity represents the residual value of the company after deducting liabilities from assets. It indicates the ownership interest in WEX Inc (WEX) held by stockholders.
Cash flow analysis is also vital in assessing the financial strength of WEX Inc (WEX). The cash flow statement provides insights into the company's sources and uses of cash. Operating cash flow represents the cash generated from WEX Inc (WEX)'s core business operations, while investing cash flow shows the cash used for acquisitions, capital expenditures, and investments. Financing cash flow indicates the cash flows related to debt and equity financing activities. By analyzing the cash flows, investors gain an understanding of the company's ability to generate cash and fund its operations.
Free cash flow is a crucial financial metric that allows investors to evaluate the amount of cash WEX Inc (WEX) generates after deducting capital expenditures necessary to maintain its operations and assets. It represents the cash available to the company for reinvestment, debt reduction, or returning to shareholders through dividends or share repurchases. Positive free cash flow is generally seen as a sign of financial strength and flexibility.
In summary, WEX Inc (WEX)'s INSTRUMENT_FINANCIALS provide valuable insights into the company's income, profitability, assets, liabilities, cash flows, and financial strength. These metrics are essential for investors to make informed decisions and assess the financial health of WEX Inc (WEX).
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