Company: DXPE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001020710-25-000036
Chunk: 93

Company: DXP ENTERPRISES INC
Filing Date: 2025-03-10
Form: 10-K
Item: Item 8
Chunk 93
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,371 Capital expenditures$6,065 $1,972 $— $8,037 Depreciation$2,734 $3,713 $27 $6,474 Amortization of finance leases$3,026 $214 $45 $3,285 

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Years Ended December 31,Service CentersInnovative Pumping SolutionsSupply Chain ServicesTotal2022    Total Revenue$1,041,462 $198,895 $240,475 $1,480,832 Operating income for reportable segments$132,421 $24,773 $19,547 $176,741 Identifiable assets at year end$668,029 $223,369 $90,771 $982,169 Capital expenditures$1,849 $2,368 $43 $4,260 Depreciation$2,998 $4,512 $144 $7,654  Years Ended December 31,202420232022Income from operations for reportable segments$250,473 $228,764 $176,741 Adjustments for:Amortization of intangible assets(1)19,827 18,231 18,915 Corporate expenses85,264 71,811 60,074 Income from operations$145,382 $138,722 $97,752 Interest expense63,927 53,146 29,135 Other expense (income), net(3,517)(1,355)2,716 Income before income taxes$84,972 $86,931 $65,901 (1) Amortization of intangible assets is recorded at the corporate level.Corporate expenses includes selling, general, and administrative expenses, amortization of finance leases, and other expenses that are not directly attributable to a reportable segment. The Company had capital expenditures at corporate of $18.0 million, $4.2 million, and $0.7 million for the years ended December 31, 2024, 2023, and 2022, respectively.The Company had identifiable assets at corporate of $210.8 million, $221.1 million, and $55.1 million as of December 31, 2024, 2023, and 2022, respectively. Corporate depreciation was $2.5 million, $1.9 million,