Company: DXPE
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001020710-25-000137
Chunk: 14

Company: DXP ENTERPRISES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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 We also require cash to pay our lease obligations, fund project work-in-process and to service our debt.

Cash

As of June 30, 2025, we had available cash of $112.9 million and credit facility availability of $106.3 million. We have a $135.0 million asset-backed line of credit (the "ABL Revolver"), partially offset by letters of credit of  $28.7 million. We had no borrowings outstanding on our ABL Revolver as of June 30, 2025.

Cash Flows

The following table summarizes our net cash flows provided by and used in operating activities, investing activities and financing activities for the periods presented (in thousands):

 Six Months Ended June 30,20252024Net Cash Provided by (Used in):Operating Activities$21,619 $41,724 Investing Activities(41,405)(130,736)Financing Activities(16,594)(35,003)Effect of Foreign Currency899 830 Net Change in Cash$(35,481)$(123,185)

Operating Activities

The Company generated $21.6 million of cash from operating activities during the six months ended June 30, 2025 compared to $41.7 million of cash generated during the prior year's corresponding period. The decrease of  $20.1 million was primarily due to the higher payment of income taxes in 2025 compared to 2024.

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Investing Activities

For the six months ended June 30, 2025, net cash used in investing activities was $41.4 million compared to a $130.7 million use of cash during the prior year’s corresponding period. This $89.3 million decrease was primarily driven by lower acquisition activity during the six months ended June 30, 2025. Total cash paid for acquisitions, net of cash acquired, was $13.9 million compared to $119.0 million for the six months ended June 30, 2024.

Financing Activities

For the six months ended June 30, 2025, net cash used in financing activities was $16.6 million, compared to net cash used in financing activities of $35.0 million during the prior year’s corresponding period. The decrease was primarily due to share repurchase activity during the six months ended June 30, 2024 with no comparable activity for the six months ended June 30, 2025. 

We believe the Company has adequate funding to support its working