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 |
|---|---|---|---|---|
| Cash Flows Provided by (Used in) Operating Activities: | ||||
| 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 |
| Share-based compensation | 16,644,000 | 16,579,000 | 15,838,000 | 12,310,000 |
| Loss (gain) on sale of property and equipment | — | — | — | 1,833,000 |
| 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 |
| Provision for bad debt expense | 14,498,000 | 15,742,000 | 6,481,000 | 5,510,000 |
| Provision for inventory obsolescence | 8,917,000 | 7,586,000 | 4,794,000 | 6,659,000 |
| Impairment losses | 9,442,000 | — | — | — |
| Deferred income taxes, net | (14,613,000) | (3,462,000) | (7,476,000) | 6,041,000 |
| 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) |
| Inventories | 17,089,000 | (41,723,000) | 74,529,000 | (93,874,000) |
| Prepaid expenses and other current assets | (2,643,000) | (3,143,000) | (2,598,000) | (9,222,000) |
| Accounts payable | (65,427,000) | (30,420,000) | (8,867,000) | 26,581,000 |
| Accrued liabilities | (798,000) | (5,816,000) | (4,444,000) | 20,703,000 |
| Other, net | (2,359,000) | (2,322,000) | (2,022,000) | 6,396,000 |
| Net cash provided by operating activities | 756,319,000 | 776,026,000 | 849,409,000 | 495,801,000 |
| 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) |
| Acquisition of businesses, net of $7,853 cash acquired | (1,932,229,000) | (136,767,000) | (149,154,000) | (20,500,000) |
| Proceeds from sale of property and equipment | — | — | — | 2,975,000 |
| 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) |
| Cash Flows Provided by (Used in) Financing Activities: | ||||
| Proceeds from issuance of long-term debt | 2,000,000,000 | — | — | — |
| Repayment of long-term debt | (515,625,000) | (47,039,000) | (40,138,000) | (38,658,000) |
| Excise taxes paid on share repurchases | (9,444,000) | — | — | — |
| Payment of debt issuance costs | (17,429,000) | — | — | — |
| Proceeds from revolving credit facility | 178,000,000 | — | — | 70,000,000 |
| Repayment of revolving credit facility | (178,000,000) | — | — | (70,000,000) |
| 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) |
| Exercise of stock options | 2,772,000 | 3,226,000 | 3,130,000 | 2,028,000 |
| Repurchase of shares of common stock | (434,151,000) | (966,352,000) | — | (250,050,000) |
| Payment of contingent consideration | — | — | (300,000) | (1,674,000) |
| Net cash provided by (used in) financing activities | 1,016,767,000 | (1,016,272,000) | (43,836,000) | (300,073,000) |
| 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 |
| Cash and cash equivalents - Beginning of period | 400,318,000 | 848,565,000 | 240,069,000 | 139,779,000 |
| Cash and cash equivalents - End of period | 184,742,000 | 400,318,000 | 848,565,000 | 240,069,000 |
| Supplemental disclosure of cash paid for: | ||||
| Interest | 88,460,000 | 69,975,000 | 71,463,000 | 49,888,000 |
| Income taxes | — | 219,484,000 | 220,773,000 | 186,722,000 |
| 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 |
| Leased assets obtained in exchange for new finance lease liabilities | 642,000 | — | — | — |
| Accruals for property and equipment | 773,000 | 1,023,000 | 912,000 | 141,000 |
| 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.