Company: DXPE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050322
Chunk: 33

Company: DXP ENTERPRISES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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   DXP ENTERPRISES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share amounts) (unaudited)

September 30, 2025December 31, 2024ASSETS Current assets:  Cash$123,829 $148,320 Restricted cash— 91 Accounts receivable, net of allowance of $4,175 and $5,172, respectively379,328 339,365 Inventories109,055 103,113 Costs and estimated profits in excess of billings57,696 50,735 Prepaid expenses and other current assets57,020 20,250 Total current assets726,928 661,874 Property and equipment, net110,957 81,556 Goodwill466,710 452,343 Other intangible assets, net75,419 85,679 Operating lease right of use assets, net59,936 46,569 Other long-term assets4,504 21,473 Total assets$1,444,454 $1,349,494 LIABILITIES AND EQUITYCurrent liabilities:Current maturities of debt$6,595 $6,595 Trade accounts payable115,216 103,728 Accrued wages and benefits47,693 41,650 Customer advances15,864 13,655 Billings in excess of costs and estimated profits17,060 12,662 Short-term operating lease liabilities17,163 14,921 Other current liabilities42,697 50,773 Total current liabilities262,288 243,984 Long-term debt, net of unamortized debt issuance costs and discounts619,396 621,684 Long-term operating lease liabilities44,535 33,159 Other long-term liabilities29,896 27,879 Total long-term liabilities693,827 682,722 Total liabilities956,115 926,706 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,