Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 280

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 280
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| Work-in-progress                      |     |              |     560 |   |     |      |     938 |   |
| Property and equipment, gross         |     |              | 144,057 |   |     |      | 114,965 |   |
| Less: Accumulated depreciation        |     |              | (70,676 | ) |     |      | (43,221 | ) |
| Property and equipment, net           |     | $            |  73,381 |   |     | $    |  71,744 |   |

| (1) | See “Note 8—Leases” for further information. |

The depreciation expense on property and equipment amounted to $29.9 million, $22.7 million and $16.6 million for the years ended December 31, 2024, 2023 and 2022, respectively. A portion of depreciation F-37

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 expense is included in Cost of revenue on the Consolidated Statements of Operations, which totaled $13.7 million, $12.6 million and $10.5 million for the same respective years. The remaining amount for each respective year is included in Depreciation and amortization on the Consolidated Statements of Operations. Note 8—Leases The Company leases real estate, vehicles, and equipment under various arrangements. Certain real estate operating leases are under non-cancelableagreements with entities owned by members of its management team and/or Parent interests holders. The Company’s operating leases primarily consist of real estate and equipment leases while finance leases primarily consist of vehicle leases. Many of the real estate operating leases contain options to renew or terminate the lease, generally at the Company’s discretion. Lease agreements generally do not contain any material residual value guarantees or material restrictive covenants. The Company does not have any leases that have not yet commenced that create significant rights and obligations for the lessee. The Company has short-term leases ranging in terms of 12 months or less. The majority of the Company’s short-term leases relate to facilities and equipment used on construction projects. Construction equipment leases are generally entered into at agreed upon hourly, daily, weekly, or monthly rental rates for an unspecified duration and typically have a termination for convenience provision. Such leases are considered short-term in nature unless it is reasonably certain that they will be leased for a period greater than 12 months