Company: QXO-PB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050298
Chunk: 54

Company: QXO, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 498.6 — — 483.0 — — 981.6 Issuance of common stock and pre-funded warrants, net of issuance costs— — — — 408.8 — 4,051.1 — — 4,051.1 Common stock dividend— — — — — — (17.4)— — (17.4)Convertible Preferred Stock dividend— — — — — — — (9.8)— (9.8)Stock-based compensation— — — — — — 14.0 — — 14.0 Net income— — — — — — — 16.7 — 16.7 Balance as of September 30, 2024—$— 1.0$498.6 409.5$— $4,540.1 $5.0 $— $5,043.7 

See accompanying notes to the unaudited condensed consolidated financial statements.

8

QXO, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(in millions) 

(Unaudited)

 Nine Months Ended September 30, 20252024Operating ActivitiesNet (loss) income$(189.2)$16.7 Adjustments to reconcile net (loss) income to net cash provided by operating activities:Depreciation67.0 0.2 Amortization197.8 0.6 Stock-based compensation116.3 14.0 Amortization of debt issuance costs4.4 — Loss on debt extinguishment45.7 — Provision for credit losses7.0 — Non-cash lease expense70.1 0.2 Deferred income taxes24.7 — Changes in operating assets and liabilities:Accounts receivable(229.4)0.7 Inventories161.9 — Vendor rebates receivable(256.7)— Income tax receivable(77.9)— Prepaid expenses and other current assets12.9 (10.1)Accounts payable and accrued expenses176.7 8.8 Other assets and liabilities(56.5)(0.2)Net cash provided by operating activities74.8 30.9