Company: LGN
Filing Date: 2025-11-03
Form Type: DRS
Source: 0001193125-25-262782
Chunk: 126

Company: Legence Corp.
Filing Date: 2025-11-03
Form: DRS
Chunk 126
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 of payments for the acquisition of businesses, capital expenditures and proceeds from
the sale of property and equipment.

Cash flows used in investing activities decreased by $57.7 million for the six months ended
June 30, 2025, compared to the six months ended June 30, 2024. The decrease is primarily attributable to consideration paid for acquisitions of $64.6 million during the six months ended June 30, 2024.

Cash flows used in investing activities increased by $110.1 million during 2024 compared to 2023. The increase is primarily attributable
to a $105.4 million increase in consideration paid for acquisitions.

86

Confidential Treatment Requested by Legence Corp. Pursuant to 17 C.F.R. Section 200.83 Cash flows used in investing activities decreased by $26.5 million during 2023 compared to 2022. The decrease is primarily attributable to a $14.3 million decrease in consideration paid for acquisitions and a $9.2 million decrease in purchases of property and equipment. Financing Activities Financing cash flows primarily consist of the issuance and repayment of short-term and long-term debt, debt issuance costs, contingent earnouts from acquisitions, financing lease payments, and cash distributions and contributions to and from Legence Parent. For the six months ended June 30, 2025, cash used in financing activities was $31.4 million, compared to cash provided by financing activities of $205.5 million for the six months ended June 30, 2024. The $236.9 million decrease in cash flows from financing activities is primarily attributable to term loan borrowings of $250.0 million during the six months ended June 30, 2024. Additionally, for the six months ended June 30, 2025, we made $17.0 million of payments for deferred offering costs. These changes were partially offset by a decrease of $32.4 million related to payments of contingent consideration during the six months ended June 30, 2024. Cash flows provided by financing activities increased by $78.5 million during 2024 compared to 2023. The increase is primarily attributable to a $410.0 million increase in proceeds from borrowings, partially offset by the $300.1 million increase in the cash distributions to Legence Parent and the $27.0 million increase in the payment of contingent earnouts from acquisitions. Cash flows provided by financing activities decreased by $45.3 million during 2023 compared to