Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 36

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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41,724 CASH FLOWS FROM INVESTING ACTIVITIES:Purchase of property and equipment(30,260)(11,719)Proceeds from the sale of property and equipment2,715 — Acquisition of businesses, net of cash acquired(13,860)(119,017)Net cash used in investing activities$(41,405)$(130,736)CASH FLOWS FROM FINANCING ACTIVITIES:Principal debt payments(3,248)(2,750)Debt issuance costs(125)— Shares repurchased held in treasury — (23,978)Payment for acquisition contingent consideration liability(5,145)(4,483)Preferred stock dividends paid(45)(45)Payment for employee taxes withheld from stock awards(4,330)(1,755)Principal payments on finance leases(3,701)(1,992)Net cash used in financing activities$(16,594)$(35,003)Effect of foreign currency on cash899 830 Net change in cash and restricted cash(35,481)(123,185)Cash and restricted cash at beginning of period148,411 173,211 Cash and restricted cash at end of period$112,930 $50,026 Supplemental cash flow information (Note 14)

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

5

DXP ENTERPRISES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

(in thousands) (unaudited)

Series A preferred stockSeries B preferred stockCommon stockPaid-in capitalRetained earningsAccum other comp lossTreasury StockTotal equityBalance at December 31, 2024$1 $15 $204 $219,511 $389,670 $(33,610)$(153,003)$422,788 Preferred dividends paid— — — — (23)— — (23)Compensation expense for restricted stock— — — 1,317 — — — 1,317 Tax related items for share based awards— — — (126)— — — (126)Currency translation adjustment— — — — — 86 — 86 Excise tax on share repurchases— — — — — — 28 28 Net income— — — —