Company: LGN
Filing Date: 2025-05-14
Form Type: DRS/A
Source: 0000950123-25-005247
Chunk: 136

Company: Legence Corp.
Filing Date: 2025-05-14
Form: DRS/A
Chunk 136
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 and associated interest. Although our capital expenditures have historically been low relative to our revenues, we expect an increase in future periods due to our investment in fabrication capacity expansion within our Installation & Maintenance segment. Although we cannot provide any assurance that our cash flows from operations will be sufficient to fund our operations or that additional capital will be available to us on acceptable terms, or at all, we believe our primary sources of liquidity are sufficient to fund our ongoing working capital, investing and financing requirements for at least the next twelve months and beyond. In the event that we require additional capital, we may seek to raise funds at any time through equity, equity-linked arrangements and debt. If we are unable to raise additional capital when desired and on reasonable terms, our business, results of operations, and financial condition would be adversely affected. See the section titled “Risk Factors” for additional information. Cash Flows The information presented below was derived from our Consolidated Statements of Cash Flows within the Consolidated Financial Statements and summarizes cash flow activity (dollars in thousands):

|                                                                      |     | Year Ended December 31, |     2022 |   |     |   |     2023 |   |     |   |     2024 |   |
|:---------------------------------------------------------------------|:----|:------------------------|---------:|:--|:----|:--|---------:|:--|:----|:--|---------:|:--|
| Cash provided by (used in):                                          |     |                         |          |   |     |   |          |   |     |   |          |   |
| Operating activities                                                 |     | $                       |   26,996 |   |     | $ |   33,917 |   |     | $ |   29,268 |   |
| Investing activities                                                 |     |                         | (160,375 | ) |     |   | (133,902 | ) |     |   | (243,985 | ) |
| Financing activities                                                 |     |                         |  173,807 |   |     |   |  128,471 |   |     |   |  206,964 |   |
| Increase (decrease) in cash and cash equivalents and restricted cash |     | $                       |   40,428 |   |     | $ |   28,486 |   |     | $ |   (7,753 | ) |

Please refer to the supplemental cash flow information included in “Note