Company: DXPE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001020710-25-000036
Chunk: 6

Company: DXP ENTERPRISES INC
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7A
Chunk 6
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557 Commitments and Contingencies (Note 17)Shareholders' Equity: Series A preferred stock, $1.00 par value; 1,000,000 shares authorized1 1 Series B preferred stock, $1.00 par value; 1,000,000 shares authorized15 15 Common stock, $0.01 par value, 100,000,000 shares authorized; 20,402,861 issued and 15,695,088 outstanding at December 31, 2024 and 20,319,226 issued and 16,177,237 outstanding at December 31, 2023204 345 Additional paid-in capital219,511 216,482 Retained earnings389,670 319,271 Accumulated other comprehensive loss(33,610)(31,240)Treasury stock, at cost 4,707,773 and 4,141,989 shares, respectively(153,003)(123,995)Total DXP Enterprises, Inc. equity422,788 380,879 Total liabilities and equity$1,349,494 $1,177,436 

The accompanying notes are an integral part of these consolidated financial statements.

50

DXP ENTERPRISES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) Twelve Months Ended December 31, 202420232022CASH FLOWS FROM OPERATING ACTIVITIES:   Net income$70,489 $68,812 $48,102 Reconciliation of net income to net cash provided by operating activities:  Depreciation9,019 8,423 9,585 Amortization of intangibles and fixed assets24,386 21,682 18,915 Amortization of debt issuance costs3,646 2,991 1,842 (Recovery of) provision for credit losses(887)(885)659 Payment of contingent consideration liability in excess of acquisition-date fair value(108)(160)(781)Fair value adjustment on contingent consideration745 1,738 2,311 Loss on debt extinguishment494 1,201 — Restricted stock compensation expense4,714 3,072 1,850 Deferred income taxes(14,990)(9,059)(7,541)Loss on sale of interest in VIE— — 1,