Company: DXPE
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001020710-25-000081
Chunk: 68

Company: DXP ENTERPRISES INC
Filing Date: 2025-04-30
Form: ARS
Chunk 68
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 Billings in excess of costs and estimated profits 3,263 (916) 6,858 Other long-term liabilities (1,136) (3,494) (2,902) Net cash provided by operating activities $ 102,211 $ 106,222 $ 5,894 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of property and equipment (25,068) (12,263) (4,916) Acquisition of businesses, net of cash acquired (156,624) (10,384) (48,506) Net cash used in investing activities $ (181,692) $ (22,647) $ (53,422) CASH FLOWS FROM FINANCING ACTIVITIES: Borrowings on asset-backed credit facility 6,000 7,870 827,152 Repayments on asset-backed credit facility (6,000) (7,870) (827,152) Proceeds from debt 649,500 550,000 105,000 Principal debt payments (550,249) (429,508) (3,567) Debt issuance costs (2,309) (12,061) (8,398) Shares repurchased held in treasury (29,007) (56,215) (47,872) Payment for acquisition contingent consideration liability (5,000) (5,673) (469) Preferred stock dividends paid (90) (90) (90) Payment for employee taxes withheld from stock awards (1,826) (527) (292) Principal payments on finance leases (4,216) (2,347) — Net cash provided by financing activities $ 56,803 $ 43,579 $ 44,312 Effect of foreign currency on cash (2,122) (60) 253 Net change in cash and restricted cash (24,800) 127,094 (2,963) Cash and restricted cash at beginning of year 173,211 46,117 49,080 Cash and restricted cash at end of year $ 148,411 $ 173,211 $ 46,117 Supplemental cash flow information (Note 15) The accompanying notes are an integral part of these consolidated financial statements. Table of Contents 51

DXP ENTERPRISES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EQUITY (in thousands) Series A preferred Stock Series B preferred Stock Common Stock Paid-in Capital Retained earnings Accum Other Comp Loss