Company: QXO-PB
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001628280-25-009626
Chunk: 8

Company: QXO, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 8
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IDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Year EndedDecember 31, 20242023Cash flows from operating activities:Net income (loss)$27,969 $(1,070)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Deferred income taxes(1,159)(338)Depreciation247 329 Amortization of intangibles875 672 Non-cash lease expense263 126 Provision for expected losses50 115 Share-based compensation34,513 41 Changes in assets and liabilities:Accounts receivable183 103 Prepaid expenses and other current assets(12,155)(179)Other assets(21)16 Accounts payable1,631 1,291 Accrued expenses33,011 222 Deferred revenue(261)(618)Operating lease liabilities(263)(126)Net cash provided by operating activities84,883 584 Cash flows from investing activities:Purchase of property and equipment(102)(121)Acquisition of assets— (279)Net cash used in investing activities(102)(400)Cash flows from financing activities:Proceeds from the issuance of common stock and pre-funded warrants, net of issuance costs4,051,103 — Proceeds from issuance of preferred stock and warrants, net of issuance costs981,538 — Payment of preferred stock dividend(32,250)— Payment of common-stock dividend(17,400)(1,051)Payment of long-term debt(1,696)(784)Payment for fractional shares(45)— Payment of finance lease obligations(170)(215)Net cash provided by (used in) financing activities4,981,080 (2,050)Net increase (decrease) in cash, cash equivalents and restricted cash5,065,861 (1,866)Cash, cash equivalents and restricted cash, beginning of year6,143 8,009 Cash, cash equivalents and restricted cash, end of year$5,072,004 $6,143 Cash paid during year for:Interest$63 $57 Income taxes$— $301 

See accompanying notes to the consolidated financial statements.

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