BLD · As filed with the SEC
QXO Insulation cash flow statement, by fiscal year
The statement as QXO Insulation presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD
| USD | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash Flows Provided by (Used in) Operating Activities: | ||||||||
| Net income | — | — | — | — | 324,016,000 | 247,023,000 | 190,995,000 | 134,752,000 |
| Net income | 521,727,000 | 622,602,000 | 614,254,000 | 555,989,000 | — | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Depreciation and amortization | 169,372,000 | 140,491,000 | 132,878,000 | 123,335,000 | 79,390,000 | 62,410,000 | 52,700,000 | 39,419,000 |
| Share-based compensation | 16,644,000 | 16,579,000 | 15,838,000 | 12,310,000 | 11,316,000 | 14,752,000 | 13,658,000 | 11,317,000 |
| Loss on extinguishment of debt | — | — | — | — | 13,837,000 | 233,000 | — | — |
| Loss (gain) on sale of property and equipment | — | — | — | 1,833,000 | 1,356,000 | (88,000) | 1,399,000 | 1,204,000 |
| Loss on sale of assets | 1,080,000 | 1,014,000 | 2,349,000 | — | — | — | — | — |
| Amortization of debt issuance costs | 3,616,000 | 2,881,000 | 2,881,000 | 2,867,000 | 2,036,000 | 1,491,000 | 1,558,000 | 1,201,000 |
| Change in fair value of contingent consideration | — | — | — | — | — | — | — | (330,000) |
| Provision for bad debt expense | 14,498,000 | 15,742,000 | 6,481,000 | 5,510,000 | 7,304,000 | 6,270,000 | 7,065,000 | 3,240,000 |
| Provision for inventory obsolescence | 8,917,000 | 7,586,000 | 4,794,000 | 6,659,000 | 2,637,000 | 2,512,000 | 2,622,000 | 2,187,000 |
| Loss on foreign exchange | — | — | — | — | 255,000 | — | — | — |
| Impairment losses | 9,442,000 | — | — | — | — | — | — | — |
| Deferred income taxes, net | (14,613,000) | (3,462,000) | (7,476,000) | 6,041,000 | (2,818,000) | (4,070,000) | 8,888,000 | 12,936,000 |
| Change in certain assets and liabilities, net of effects of businesses acquired: | ||||||||
| Receivables, net | 79,774,000 | 56,017,000 | 20,812,000 | (169,327,000) | (69,042,000) | 2,612,000 | (27,146,000) | (35,522,000) |
| Inventories | 17,089,000 | (41,723,000) | 74,529,000 | (93,874,000) | (46,518,000) | (11,843,000) | 17,433,000 | (23,297,000) |
| Prepaid expenses and other current assets | (2,643,000) | (3,143,000) | (2,598,000) | (9,222,000) | 558,000 | (460,000) | 9,361,000 | (8,360,000) |
| Accounts payable | (65,427,000) | (30,420,000) | (8,867,000) | 26,581,000 | 54,961,000 | 16,844,000 | (5,124,000) | 29,687,000 |
| Accrued liabilities | (798,000) | (5,816,000) | (4,444,000) | 20,703,000 | 24,816,000 | 20,545,000 | (2,690,000) | (660,000) |
| Payment of contingent consideration | — | — | — | — | (22,000) | (413,000) | — | — |
| Other, net | (2,359,000) | (2,322,000) | (2,022,000) | 6,396,000 | (1,057,000) | 66,000 | 1,058,000 | (602,000) |
| Net cash provided by operating activities | 756,319,000 | 776,026,000 | 849,409,000 | 495,801,000 | 403,025,000 | 357,884,000 | 271,777,000 | 167,172,000 |
| Cash Flows Provided by (Used in) Investing Activities: | ||||||||
| Purchases of property and equipment | (59,431,000) | (69,349,000) | (63,998,000) | (76,382,000) | (55,546,000) | (40,938,000) | (45,536,000) | (52,504,000) |
| Acquisition of businesses, net of $7,853 cash acquired | (1,932,229,000) | (136,767,000) | (149,154,000) | (20,500,000) | (1,267,114,000) | (83,408,000) | (6,952,000) | (500,202,000) |
| Proceeds from sale of property and equipment | — | — | — | 2,975,000 | 415,000 | 2,463,000 | 2,321,000 | 849,000 |
| Other, net | — | — | — | — | — | — | 25,000 | 38,000 |
| Proceeds from sale of assets | 1,219,000 | 2,593,000 | 14,982,000 | — | — | — | — | — |
| Net cash used in investing activities | (1,990,441,000) | (203,523,000) | (198,170,000) | (93,907,000) | (1,322,245,000) | (121,883,000) | (50,142,000) | (551,819,000) |
| Cash Flows Provided by (Used in) Financing Activities: | ||||||||
| Proceeds from issuance of long-term debt | 2,000,000,000 | — | — | — | 1,218,750,000 | 300,000,000 | 14,989,000 | 526,604,000 |
| Repayment of long-term debt | (515,625,000) | (47,039,000) | (40,138,000) | (38,658,000) | (433,070,000) | (324,948,000) | (27,793,000) | (18,399,000) |
| Excise taxes paid on share repurchases | (9,444,000) | — | — | — | — | — | — | — |
| Payment of debt issuance costs | (17,429,000) | — | — | — | (14,965,000) | (2,280,000) | — | (7,819,000) |
| Proceeds from revolving credit facility | 178,000,000 | — | — | 70,000,000 | — | — | — | 90,000,000 |
| Repayment of revolving credit facility | (178,000,000) | — | — | (70,000,000) | — | — | — | (90,000,000) |
| Principal payments on finance lease obligations | (3,597,000) | — | — | — | — | — | — | — |
| Taxes withheld and paid on employees' equity awards | (5,759,000) | (6,107,000) | (6,528,000) | (11,719,000) | (8,805,000) | (14,932,000) | (12,951,000) | (5,465,000) |
| Exercise of stock options | 2,772,000 | 3,226,000 | 3,130,000 | 2,028,000 | 3,303,000 | 1,438,000 | — | — |
| Repurchase of shares of common stock | (434,151,000) | (966,352,000) | — | (250,050,000) | (35,556,000) | (49,151,000) | (110,911,000) | (65,025,000) |
| Payment of contingent consideration | — | — | (300,000) | (1,674,000) | (650,000) | (928,000) | (1,091,000) | (841,000) |
| Net cash provided by (used in) financing activities | 1,016,767,000 | (1,016,272,000) | (43,836,000) | (300,073,000) | 729,007,000 | (90,801,000) | (137,757,000) | 429,055,000 |
| Increase (decrease) for the period | — | — | — | — | — | — | — | 44,408,000 |
| Impact of foreign currency on cash | — | — | — | — | (15,000) | — | — | — |
| Cash and Cash Equivalents | ||||||||
| Impact of exchange rate changes on cash | 1,779,000 | (4,478,000) | 1,093,000 | (1,531,000) | — | — | — | — |
| Net (decrease) increase in cash and cash equivalents | (215,576,000) | (448,247,000) | 608,496,000 | 100,290,000 | (190,228,000) | 145,200,000 | 83,878,000 | — |
| Beginning of period | — | — | — | — | 330,007,000 | 184,807,000 | 100,929,000 | 56,521,000 |
| End of period | — | — | — | — | — | 330,007,000 | 184,807,000 | 100,929,000 |
| Cash and cash equivalents - Beginning of period | 400,318,000 | 848,565,000 | 240,069,000 | 139,779,000 | 330,007,000 | 184,807,000 | — | — |
| Cash and cash equivalents - End of period | 184,742,000 | 400,318,000 | 848,565,000 | 240,069,000 | 139,779,000 | — | — | — |
| Supplemental disclosure of cash paid for: | ||||||||
| Interest | 88,460,000 | 69,975,000 | 71,463,000 | 49,888,000 | 22,144,000 | 30,896,000 | 36,244,000 | 23,733,000 |
| Income taxes | — | 219,484,000 | 220,773,000 | 186,722,000 | 109,179,000 | 77,689,000 | 43,310,000 | 39,010,000 |
| Income taxes | ||||||||
| U.S. Federal | 136,514,000 | — | — | — | — | — | — | — |
| U.S. state and local | 37,841,000 | — | — | — | — | — | — | — |
| Canada | 12,569,000 | — | — | — | — | — | — | — |
| Total cash paid for income taxes | 186,924,000 | — | — | — | — | — | — | — |
| Supplemental disclosure of noncash activities: | ||||||||
| Leased assets obtained in exchange for new operating lease liabilities | 102,496,000 | 50,502,000 | 56,255,000 | 103,997,000 | 131,909,000 | 38,646,000 | 128,838,000 | — |
| Leased assets obtained in exchange for new finance lease liabilities | 642,000 | — | — | — | 10,469,000 | — | — | — |
| Accruals for property and equipment | 773,000 | 1,023,000 | 912,000 | 141,000 | 1,060,000 | 645,000 | 542,000 | 860,000 |
| Excise taxes capitalized to treasury stock | 4,074,000 | 9,444,000 | — | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.