Company: DXPE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001020710-25-000036
Chunk: 57

Company: DXP ENTERPRISES INC
Filing Date: 2025-03-10
Form: 10-K
Item: Item 8
Chunk 57
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 benefits41,650 36,238 Customer advances13,655 12,160 Billings in excess of costs and estimated profits 12,662 9,506 Short-term operating lease liabilities14,921 15,438 Other current liabilities50,773 48,854 Total current liabilities243,984 224,165 Long-term debt, net of unamortized debt issuance costs and discounts621,684 520,697 Long-term operating lease liabilities33,159 34,336 Other long-term liabilities27,879 17,359 Total long-term liabilities682,722 572,392 Total liabilities926,706 796,557 Commitments and Contingencies (Note 17)Shareholders' Equity: Series A preferred stock, $1.00 par value; 1,000,000 shares authorized1 1 Series B preferred stock, $1.00 par value; 1,000,000 shares authorized15 15 Common stock, $0.01 par value, 100,000,000 shares authorized; 20,402,861 issued and 15,695,088 outstanding at December 31, 2024 and 20,319,226 issued and 16,177,237 outstanding at December 31, 2023204 345 Additional paid-in capital219,511 216,482 Retained earnings389,670 319,271 Accumulated other comprehensive loss(33,610)(31,240)Treasury stock, at cost 4,707,773 and 4,141,989 shares, respectively(153,003)(123,995)Total DXP Enterprises, Inc. equity422,788 380,879 Total liabilities and equity$1,349,494 $1,177,436 

The accompanying notes are an integral part of these consolidated financial statements.

50

DXP ENTERPRISES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands) Twelve Months Ended December 31, 202420232022CASH FLOWS FROM OPERATING ACTIVITIES:   Net income$70,489 $68,812 $48,102 Reconciliation of net income to net cash provided by operating activities:  Depreciation9,019 8,423 9,585 Amortization of intangibles and fixed assets24