Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 34

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts) (unaudited)

June 30, 2025December 31, 2024ASSETS Current assets:  Cash$112,930 $148,320 Restricted cash— 91 Accounts receivable, net of allowance of $3,665 and $5,172, respectively361,393 339,365 Inventories110,758 103,113 Costs and estimated profits in excess of billings57,260 50,735 Prepaid expenses and other current assets41,320 20,250 Total current assets683,661 661,874 Property and equipment, net107,207 81,556 Goodwill461,298 452,343 Other intangible assets, net78,485 85,679 Operating lease right of use assets, net60,835 46,569 Other long-term assets20,908 21,473 Total assets$1,412,394 $1,349,494 LIABILITIES AND EQUITYCurrent liabilities:Current maturities of debt$6,595 $6,595 Trade accounts payable104,764 103,728 Accrued wages and benefits37,449 41,650 Customer advances16,018 13,655 Billings in excess of costs and estimated profits22,906 12,662 Short-term operating lease liabilities17,071 14,921 Other current liabilities40,646 50,773 Total current liabilities245,449 243,984 Long-term debt, net of unamortized debt issuance costs and discounts620,239 621,684 Long-term operating lease liabilities45,402 33,159 Other long-term liabilities33,212 27,879 Total long-term liabilities698,853 682,722 Total liabilities944,302 926,706 Commitments and Contingencies (Note 10)Shareholders' equity:Series A preferred stock, $1.00 par value; 1,000,000 shares authorized1 1Series B preferred stock, $1.00 par value; 1,000,000 shares authorized15 15 Common stock, $0.01 par value, 100,000,000 shares authorized; 20,401,857 issued and 15,694,084