Company: QXO-PB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050298
Chunk: 212

Company: QXO, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 212
---
 (ii) the aggregate amount of ABL Facility commitments at such time.

40

The Company capitalized debt issuance costs of $18.8 million related to the ABL Facility, which are being amortized ratably over the term of the financing arrangement. The debt issuance costs related to the ABL Facility are presented as an asset, included in other assets, net on the condensed consolidated balance sheets. As of September 30, 2025, there were $17.2 million of unamortized debt issuance costs related to the ABL Facility.

As of September 30, 2025, the outstanding balance on the ABL Facility was $43.0 million. The Company also had outstanding standby letters of credit related to the ABL Facility in the amount of $21.2 million as of September 30, 2025.

The following table summarizes our cash flows for the periods indicated: 

Nine Months Ended September 30,(in millions)20252024Net cash provided by operating activities$74.8 $30.9 Net cash used in investing activities(10,604.4)(0.1)Net cash provided by financing activities7,768.6 5,003.6 Effect of exchange rate changes on cash, cash equivalents and restricted cash(0.3)— Net (decrease) increase in cash, cash equivalents and restricted cash$(2,761.3)$5,034.4 

Operating Activities

Net cash provided by operating activities was $74.8 million for the nine months ended September 30, 2025, compared to $30.9 million for the nine months ended September 30, 2024. Cash provided by operations increased $43.9 million during the nine months ended September 30, 2025. The increase in cash provided by operations was primarily due to the seasonal timing of net working capital requirements for inventory purchases and cash collections.

Investing Activities

Net cash used in investing activities was $10.6 billion for the nine months ended September 30, 2025, compared to $0.1 million for the nine months ended September 30, 2024. Cash used in investing activities increased $10.6 billion during the nine months ended September 30, 2025 primarily due to the Beacon Acquisition and an increase in capital expenditures during the period. See Note 3 –Acquisition in the Notes to the Condensed Consolidated Financial Statements for more information.

Financing Activities

Net