Company: DXPE
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001020710-25-000081
Chunk: 66

Company: DXP ENTERPRISES INC
Filing Date: 2025-04-30
Form: ARS
Chunk 66
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SES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands, except share amounts) December 31, 2024 December 31, 2023 ASSETS Current assets: Cash $ 148,320 $ 173,120 Restricted cash 91 91 Accounts receivable, net of allowance of $5,172 and $5,584, respectively 339,365 311,171 Inventories 103,113 103,805 Costs and estimated profits in excess of billings 50,735 42,323 Prepaid expenses and other current assets 20,250 18,044 Total current assets 661,874 648,554 Property and equipment, net 81,556 61,618 Goodwill 452,343 343,991 Other intangible assets, net 85,679 63,895 Operating lease right of use assets, net 46,569 48,729 Other long-term assets 21,473 10,649 Total assets $ 1,349,494 $ 1,177,436 LIABILITIES AND EQUITY Current liabilities: Current maturities of debt $ 6,595 $ 5,500 Trade accounts payable 103,728 96,469 Accrued wages and benefits 41,650 36,238 Customer advances 13,655 12,160 Billings in excess of costs and estimated profits 12,662 9,506 Short-term operating lease liabilities 14,921 15,438 Other current liabilities 50,773 48,854 Total current liabilities 243,984 224,165 Long-term debt, net of unamortized debt issuance costs and discounts 621,684 520,697 Long-term operating lease liabilities 33,159 34,336 Other long-term liabilities 27,879 17,359 Total long-term liabilities 682,722 572,392 Total liabilities 926,706 796,557 Commitments and Contingencies (Note 17) Shareholders' Equity: Series A preferred stock, $1.00 par value; 1,000,000 shares authorized 1 1 Series B preferred stock, $1.00 par value; 1,000,000 shares authorized 15 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