Company: DXPE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001020710-25-000036
Chunk: 7

Company: DXP ENTERPRISES INC
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7A
Chunk 7
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193 Changes in operating assets and liabilities, net of effects of businesses acquired:Accounts receivable(12,552)13,293 (93,940)Cost and estimated profits in excess of billings(8,506)(18,720)(6,429)Inventories8,432 (2,026)2,072 Prepaid expenses and other assets7,655 9,666 (11,865)Accounts payable and accrued expenses7,547 10,604 35,965 Billings in excess of costs and estimated profits3,263 (916)6,858 Other long-term liabilities(1,136)(3,494)(2,902)Net cash provided by operating activities$102,211 $106,222 $5,894 CASH FLOWS FROM INVESTING ACTIVITIES:    Purchase of property and equipment(25,068)(12,263)(4,916)  Acquisition of businesses, net of cash acquired(156,624)(10,384)(48,506)Net cash used in investing activities$(181,692)$(22,647)$(53,422)CASH FLOWS FROM FINANCING ACTIVITIES:    Borrowings on asset-backed credit facility6,000 7,870 827,152   Repayments on asset-backed credit facility(6,000)(7,870)(827,152)  Proceeds from debt649,500 550,000 105,000   Principal debt payments (550,249)(429,508)(3,567)  Debt issuance costs(2,309)(12,061)(8,398)  Shares repurchased held in treasury(29,007)(56,215)(47,872)  Payment for acquisition contingent consideration liability (5,000)(5,673)(469)  Preferred stock dividends paid(90)(90)(90)  Payment for employee taxes withheld from stock awards(1,826)(527)(292)  Principal payments on finance leases(4,216)(2,347)— Net cash provided by financing activities$56,803 $43,579 $44,312 Effect of foreign currency on cash(2,122)(60)253 Net change in cash and restricted cash(24,800)127,094 (2,963)Cash and restricted cash at beginning of year173,211