Now that you are a highly informed accounting student, your boss has asked you to review the following Balance Sheet, Income Statement and Statement of Cash Flows for WEX INC. She has asked you for double coaced with at least 4 detailed observations for each woods financial statement (more than 12 total observations, if you like) when comparing 2016 to 2017 (male: and coelling to be sure to double-chask your work before your hoseinstick handing it in Beams to provide your boss wi pasagraph based on your analysis: would you recommend investing in this company, and why or why not? WEX INC. CONSOLIDATED BALANCE SHEETS de thousands, except per share data) Deber 31, 2017 2016 A Cuba Alde (st of allows of 530307 in 2017 and $21,454 in 2010 " 58,072 5 290,930 1,537,340 2,054,701 158,235 97,417 10,765 Asible 23,358 21,525 Property, and pulized softwar (set of accumulated depreciation of $264,928 in 2017$2,336 163,908 167,278 Deh 7,752 6,934 Gondel 11 1,831,441 1,154,047 1,265,468 O Total Lishides and Suckery Equity 327,831 341,638 S 6,739,175 $5,997,007 Ab A $ 11,342 5 323,222 617,118 331,579 1,076 D 1,293,554 Sited debe 116,301 54,323 Reveling line-of-condit city and Nem l 1,307,964 1,599,291 Defend income 119,383 152,906 Notes outstanding, Amounts due under tax receivable agr Other liabilit 396,369 395,534 194737 125,755 20,273 47,302 24,576 18,719 Total liables 5,018,617 4/1,350 Tetal stockholders' equity Tab and steelders' equity 1,720,558 1,105,747 $ 6,739,175 $5,991,097 Beytast Payment processing reven Accout servicing rev Feferves O Tatal reven Exp Salary and other personal Retractaring Service fees Peyvision for code loosis Technology leasing and support Docupancy and epi Year ended December 31, 2317 2016 500,366 520,619 176,570 211,012 187,582 138,940 217,238 147,889 5 1,250,548 $1,018,460 363,444 7,139 286,298 7,486 149,137 173,052 61,148 33,348 52,179 47,602 21,729 25,320 Depreciation and o 283,734 141,651 Opeting interest expense 34,483 12,386 Cast of hardware and equipment 4,314 3,122 44,171 Gals on divers No 5) 94,769 92,567 Total posting expe 1011 178 23.332 STATE WEX INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (i) 3817 Yar ended December 31, 2016 2015 Cash Dews from sp Noti 178 1 3776 109,613 16201 30,487 15,742 11,435 Bock bed comp Deprived or Ticking fixed Deleting and debe sex comtition Osis in 203,724 141683 13,077 30,043 7,951 1267) 1,099 (30,958) (1,215) 1940 37,359 Defend 33,48 13,335 44,171 Noo-cated to tox receivable s (15,359) Changing and if affects of acquisitions: A (417) (436,071) 199,217 (63,730) (17,653) bl 194,543 75,0 (1320) A (237) 16,594 11,507 (14,614) 10,687 O 4,300 (11.7) (10,234) (12,098) Chri Net cash geovided by (sed for) operating Purchase of property, equipment and capitali Pets of wailable-for-sale sect 132,949 (151,131) 445,100 073,176) (61,799) (63,491) Matis of sailable-doe-sale se Acquisitions and invef Acquisition of singible asse Proceeds from diva Cash flows Dam Da (474) (353) 495 049) 594 (114,183) (1,089,182) (10,477) (4,000) 29,500 (163,501) (1,160,439) 17,365 (126,658) Exe x beaufis from aquity intrest the-based pengen Raphase of share-based sweds to satisfy tax withholdings 397 0537) 713 0,200) 650 039) 100 33 173,053 241,926 Net activity on other det (107345) 48,535 Revolving line-of-ty Ticking fees paid Bowings on revolving line-of- Rapay ni Lamination fo Net change in secariad debt Panbase of indomabia e controlling inter Phase of sts of Effect of exchange rates en cash and cash equivals Net changs in hand s 447,168 (4,239,241) $2,74 1,305,32 (435) 2301027 (1,303) (2,400,118) 1,543,000 (1475) (476126) (27,500) (185) 34,430 (40,858) 3,665 (22,171) 84571 stock (46,018) (2011) 359,345 1,216,081 0319,338) (11,491) 6,430 (678) 317,342 (19,009) (4,774) 69