wesco international 2003_2ndQng_page

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wesco international 2003_2ndQng_page

  1. 1. Non-GAAP Compliance WESCO International, Inc. Reconciliation of Non-GAAP Financial Measures The purpose of the following is to provide the information required by Regulation G of the Securities Exchange Act of 1934, as amended, related to disclosure of non-GAAP financial measures. Such non- GAAP financial measures have been disclosed by management, either orally or in written form, in connection with the Company's earnings announcement and related conference call for its fiscal first quarter ended June 30, 2003. Note: Total indebtedness (including A/R Securitization Program), net of cash is provided by the Company as additional measure of the Company's leverage. Generally accepted accounting principles require that this financing facility be presented off-balance sheet. As management internally evaluates the A/R Securitization Facility as an additional form of indebtedness, management believes it is helpful to provide the readers of its financial statements an evaluation of its total indebtedness from all sources of financing. Cash and cash equivalents are deducted from this total to determine total indebtedness (including A/R Securitization Program), net of cash. This amount represents the Company's net obligation due under all of its financing facilities.

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