Company: QXO-PB
Filing Date: 2025-04-18
Form Type: 424B5
Source: 0001140361-25-014566
Chunk: 58

Company: QXO, Inc.
Filing Date: 2025-04-18
Form: 424B5
Chunk 58
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:----|------------------------:|:----|-------:|
| 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 |

S-37

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 $112.8 million in 2024, compared to net cash used in financing activities of $546.4 million in 2023. Cash provided by financing activities increased $659.2 million primarily due to the one-time repurchase of convertible preferred stock in 2023, partially offset by an increase in common stock repurchases compared to the prior year. Monitoring and Assessing Collectability of Accounts Receivable Beacon performs periodic credit evaluations of its customers and generally does not require collateral, although Beacon typically obtains payment and performance bonds for any type of public work and can lien projects under certain circumstances. Consistent with industry practices, Beacon requires payment from most customers within 30 days, except for sales to its non-residential roofing contractors, which Beacon typically requires to pay in 60 days. As Beacon’s business is seasonal in certain geographic regions, its customers’ businesses are also seasonal. Sales are lowest