Company: LGN
Filing Date: 2025-09-02
Form Type: S-1/A
Source: 0001193125-25-193346
Chunk: 331

Company: Legence Corp.
Filing Date: 2025-09-02
Form: S-1/A
Chunk 331
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 insurance policies. Note 19—Other Financial Information Cash and cash equivalents and restricted cash consists of the following (in thousands):

|                                               |     | December 31, |   2024 |     |   |   2023 |     |   |   2022 |
|:----------------------------------------------|:----|:-------------|-------:|:----|:--|-------:|:----|:--|-------:|
| Cash and cash equivalents                     |     | $            | 81,167 |     | $ | 88,920 |     | $ | 13,902 |
| Restricted cash                               |     |              |      — |     |   |      — |     |   | 46,532 |
| Cash and cash equivalents and restricted cash |     | $            | 81,167 |     | $ | 88,920 |     | $ | 60,434 |

Restricted cash as of December 31, 2022 represents debt proceeds designated for acquisition-related payments. Accounts receivable, net consists of the following (in thousands):

|                           |     | December 31, |    2024 |     |   |    2023 |
|:--------------------------|:----|:-------------|--------:|:----|:--|--------:|
| Contracts receivable, net |     | $            | 441,109 |     | $ | 414,876 |
| Accounts receivable—other |     |              |   7,501 |     |   |   7,816 |
| Accounts receivable, net  |     | $            | 448,610 |     | $ | 422,692 |

Prepaid expenses and other current assets consists of the following (in thousands):

|                                           |     | December 31, |   2024 |     |   |   2023 |
|:------------------------------------------|:----|:-------------|-------:|:----|:--|-------:|
| Interest rate swaps                       |     | $            |  5,861 |     | $ | 22,052 |
| Prepaid expenses                          |     |              | 18,909 |     |   | 17,848 |
| Inventories                               |     |              | 10,247 |     |   | 10,004 |
| Deferred contract costs                   |     |              |  3,489 |     |   |  1,779 |
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