Company: WCC
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000929008-25-000005
Chunk: 96

Company: WESCO INTERNATIONAL INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 96
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 product has shipped from a Company facility or directly from a supplier. 

The principal consideration for our determination that performing procedures relating to revenue recognition for product revenue is a critical audit matter is a high degree of auditor effort in performing procedures related to the Company’s revenue recognition for product revenue.  

Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to the revenue recognition process for product revenue. These procedures also included, among others (i) evaluating certain product revenue transactions by testing the issuance and settlement of invoices and credit memos, tracing transactions not settled to a detailed listing of accounts receivable, and testing the completeness and accuracy of data provided by management; (ii) evaluating certain product revenue transactions, on a sample basis, by obtaining and inspecting source documents, such as purchase orders, invoices, proof of shipment, and cash receipts or detailed listing of accounts receivable; and (iii) confirming, on a sample basis, outstanding customer invoice balances and, for confirmations not returned, obtaining and inspecting source documents, such as purchase orders, invoices, proof of shipment, and subsequent cash receipts.

/s/ PricewaterhouseCoopers LLP

Pittsburgh, Pennsylvania

February 14, 2025

We have served as the Company’s auditor since 1994.

44

Table of ContentsWESCO INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS As of December 31, 20242023(In millions, except per share data)AssetsCurrent assets:  Cash and cash equivalents$702.6 $524.1 Trade accounts receivable, net of allowance for expected credit losses of $55.0 and $55.9 in 2024 and 2023, respectively3,454.4 3,639.5 Other accounts receivable416.3 430.5 Inventories3,501.7 3,572.1 Prepaid expenses and other current assets276.4 225.4 Total current assets8,351.4 8,391.6 Property, buildings and equipment, net442.9 423.6 Operating lease assets735.1 761.2 Intangible assets, net1,835.9 1,857.6 Goodwill3,280.1 3,262.3 Deferred income taxes41.9 42.3