Company: DXPE
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050322
Chunk: 35

Company: DXP ENTERPRISES INC
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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404 Net cash provided by operating activities$56,505 $70,068 CASH FLOWS FROM INVESTING ACTIVITIES:Purchase of property and equipment(37,000)(15,673)Proceeds from the sale of property and equipment2,715 — Acquisition of businesses, net of cash acquired(24,448)(149,440)Net cash used in investing activities$(58,733)$(165,113)CASH FLOWS FROM FINANCING ACTIVITIES:Borrowings on asset-backed credit facility — 6,000 Repayments on asset-backed credit facility— (6,000)Principal debt payments(4,871)(4,125)Debt issuance costs(325)— Shares repurchased held in treasury (1,999)(28,783)Payment for acquisition contingent consideration liability(6,874)(4,580)Preferred stock dividends paid(68)(68)Payment for employee taxes withheld from stock awards(4,460)(1,818)Principal payments on finance leases(4,597)(3,010)Net cash used in financing activities$(23,194)$(42,384)Effect of foreign currency on cash840 (691)Net change in cash and restricted cash(24,582)(138,120)Cash and restricted cash at beginning of period148,411 173,211 Cash and restricted cash at end of period$123,829 $35,091 Supplemental cash flow information (Note 14)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

5

DXP ENTERPRISES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

(in thousands) (unaudited)

Series A preferred stockSeries B preferred stockCommon stockPaid-in capitalRetained earningsAccum other comp lossTreasury StockTotal equityBalance at December 31, 2024$1 $15 $204 $219,511 $389,670 $(33,610)$(153,003)$422,788 Preferred dividends paid— — — — (23)— — (23)Compensation expense for restricted stock— — — 1,317 — — — 1,317 Tax related items for share based awards— — — (126)— — — (126)Currency translation adjustment— —