Company: QXO-PB
Filing Date: 2025-04-16
Form Type: 424B5
Source: 0001140361-25-014221
Chunk: 59

Company: QXO, Inc.
Filing Date: 2025-04-16
Form: 424B5
Chunk 59
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 year, driven by similar seasonal trends. Beacon generally experiences an increase in inventory and peak cash usage in the quarters ending March 31 and June 30, driven primarily by increased purchasing that is necessary to meet the rise in demand for its products during the warmer months. Accounts receivable, accounts payable, and cash collections are generally at their highest during the quarters ending June 30 and September 30, when sales are typically at their peak. At times, Beacon experiences fluctuations in its financial performance that are driven by factors outside of its control, including the impact that severe weather events and unusual weather patterns may have on the timing and magnitude of demand and material availability. Liquidity and Capital Resources The following table summarizes the cash flows for the periods indicated (in millions):

|                                                              |     | Year Ended December 31, 
                    2024 |     |   2023 |
|:-------------------------------------------------------------|:----|------------------------:|:----|-------:|
| Net cash provided by (used in) operating activities          |     |                  $419.4 |     | $787.8 |
| Net cash provided by (used in) investing activities          |     |                  -540.5 |     | -225.6 |
| Net cash provided by (used in) financing activities          |     |                   112.8 |     | -546.4 |
| Effect of exchange rate changes on cash and cash equivalents |     |                    -1.4 |     |    0.5 |
| Net increase (decrease) in cash and cash equivalents         |     |                  $(9.7) |     |  $16.3 |

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TABLE OF CONTENTS

Operating Activities Net cash provided by operating activities was $419.4 million in 2024, compared to $787.8 million in 2023. Cash from operations decreased $368.4 million primarily due to a decrease in net income coupled with an incremental cash outflow of $325.8 million stemming from changes to the net working capital, mainly driven by an unfavorable change in cash related to inventories and accounts payable and accrued expenses partially offset by adjustments for non-cash items of $30.7 million. Investing Activities Net cash used in investing activities was $540.5 million in 2024, compared to $225.6 million in 2023. Cash used in investing activities increased $314.9 million primarily due to an increase in acquisitions during the period. Financing Activities Net cash provided by financing activities was