Company: DXPE
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001020710-25-000081
Chunk: 77

Company: DXP ENTERPRISES INC
Filing Date: 2025-04-30
Form: ARS
Chunk 77
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 one or more renewal options to extend the lease term, which can be exercised at our sole discretion. Our lease agreements may include options to purchase the leased property. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Additionally, we do not have any material lessor or sub-leasing arrangements. The following table presents components of lease cost (in thousands): Twelve Months Ended December 31, 2024 2023 2022 Operating lease costs $ 21,210 $ 21,575 $ 24,371 Finance lease costs: Amortization of assets 4,559 3,451 — Interest on lease liabilities 1,108 595 — Total finance lease costs 5,667 4,046 — Total operating and finance lease costs $ 26,877 $ 25,621 $ 24,371 The following table presents supplemental cash flow information related to leases (in thousands): Twelve Months Ended December 31, 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows - operating leases $ 20,886 $ 21,823 $ 20,584 Operating cash flows - finance leases 1,088 595 — Financing cash flows - finance leases $ 4,216 $ 2,347 $ — Table of Contents 57

The following table presents the consolidated balance sheet location of assets and liabilities related to operating and finance leases (in thousands): December 31, Balance Sheet Location 2024 2023 Operating Operating lease right of use assets, net $ 46,569 $ 48,729 Finance Property and equipment, net 15,829 11,720 Total lease assets $ 62,398 $ 60,449 Current operating Short-term operating lease liabilities 14,921 15,438 Non-current operating Long-term operating lease liabilities 33,159 34,336 Current finance Other current liabilities 5,321 3,329 Non-current finance Other long-term liabilities 11,055 8,575 Total lease liabilities $ 64,456 $ 61,678 As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. As of December 31, 2024 maturities of lease liabilities are as follows (in thousands): Finance Operating 2025 $ 6,451 $ 18,126 2026 5,891 14