Company: LGN
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0002052568-25-000018
Chunk: 60

Company: Legence Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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.Notes to Condensed Consolidated Financial Statements - (Continued)(Unaudited)

P2SAMAOther 2024 AcquisitionTotalCash$1,330 $2,578 $— $3,908 Accounts receivable16,843 27,123 — 43,966 Contract assets6,254 5,521 11 11,786 Prepaid expenses and other current assets1,532 506 — 2,038 Property and equipment5,074 2,605 — 7,679 Operating lease right-of-use assets19,746 3,537 — 23,283 Goodwill28,193 96,643 1,685 126,521 Intangible assets37,800 46,250 3,020 87,070 Other assets340 12,377 — 12,717 117,112 197,140 4,716 318,968 Accounts payable(53)(8,891)(33)(8,977)Accrued compensation and benefits(3,963)(4,129)— (8,092)Accrued and other current liabilities(3,966)(2,831)— (6,797)Contract liabilities(6,238)(9,443)(96)(15,777)Current portion of operating lease liabilities(1,313)(850)— (2,163)Current portion of long-term debt— (316)— (316)Operating lease liabilities, net of current portion(18,288)(2,947)— (21,235)Long-term debt, net of current portion— (65)— (65)Other long-term liabilities— (11,769)— (11,769)Deferred tax liabilities, net(52)— (3)(55)(33,873)(41,241)(132)(75,246)Net acquired assets$83,239 $155,899 $4,584 $243,722 During the nine months ended September 30, 2025, the purchase accounting was completed for all 2024 acquisitions without any material measurement period adjustments.In the AMA acquisition, the Company assumed uncertain tax benefits associated with consolidated VIEs, including interest and penalties, which is recorded in Other long-term liabilities on the Condensed Consolidated Balance Sheet. As of September 30, 2025, the total liability was $12.0 million. The seller