Company: DXPE
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001020710-25-000081
Chunk: 95

Company: DXP ENTERPRISES INC
Filing Date: 2025-04-30
Form: ARS
Chunk 95
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 price paid per share $ 50.87 $ 32.06 $ 28.17 Table of Contents 71

NOTE 15 - SUPPLEMENTAL CASH FLOW INFORMATION Twelve Months Ended December 31, 2024 2023 2022 Supplemental disclosures of cash flow information: Cash paid for interest(1) $ 67,005 $ 48,954 $ 25,321 Cash paid for income taxes $ 20,433 $ 21,839 $ 26,179 Shares repurchased held in treasury $ — $ — $ 13,603 Non-cash investing and financing activities: Treasury shares excise tax accruals $ (225) $ (519) $ — Shares issued for acquisition $ — $ — $ 5,757 (1) FY 2024 includes $9.3 million of interest associated with 2023 paid in 2024. NOTE 16 - BUSINESS ACQUISITIONS The Company continually evaluates potential acquisitions that either strategically fit with the Company’s existing portfolio or expand the Company’s portfolio into new and attractive markets. The Company has completed a number of acquisitions and the purchases of the acquired businesses have resulted in the recognition of goodwill and other intangible assets in the Company’s Consolidated Financial Statements. The Company makes an initial allocation of the purchase price at the date of acquisition based upon its estimate of the fair value of the acquired assets and assumed liabilities. The Company obtains the information used for the purchase price allocation during due diligence and through other sources. The Company will reflect measurement period adjustments, if any, in the period in which the adjustments are recognized. Final determination of the fair values may result in further adjustments. The fair values of acquired intangibles are determined based on estimates and assumptions that are deemed reasonable by the Company. The Company from time-to-time engages third-party valuation specialists who review the Company’s critical assumptions and calculations of the fair value of acquired intangible assets in connection with significant acquisitions. Only facts and circumstances that existed as of the acquisition date are considered for subsequent adjustment. The Company is continuing to evaluate certain pre-acquisition contingencies associated with certain of its 2024 acquisitions. The Company will make appropriate adjustments to the purchase price allocation prior to completion of the measurement period, as required. Each acquisition has been accounted for as a business combination under ASC 805, “Business Combinations”. 2024 Acquisitions During the first quarter of 2024, the Company acquired three businesses for a total of $46.8 million. We acquired these three businesses