← QXO Insulation, LLC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $72.6m | $158.1m | $134.8m | $191.0m | $247.0m | $324.0m | $556.0m | $614.3m | $622.6m | $521.7m | — | |
| Depreciation, Depletion and Amortization | $12.0m | $16.5m | $39.4m | $52.7m | $62.4m | $79.4m | $123.3m | $132.9m | $140.5m | $169.4m | $189.9m | |
| Amortization of Debt Issuance Costs | $343k | $401k | $1.2m | $1.6m | $1.5m | $2.0m | $2.9m | $2.9m | $2.9m | $3.6m | — | |
| Amortization of Intangible Assets | $795k | $3.0m | $15.8m | $20.8m | $21.9m | $36.5m | $67.6m | $69.1m | $72.1m | $95.3m | — | |
| Depreciation | $11.2m | $13.5m | $23.7m | $31.9m | $40.5m | $42.9m | $52.9m | $61.6m | $66.6m | $70.4m | $189.9m | |
| Deferred income taxes, net | $13.5m | ($59.5m) | $12.9m | $8.9m | ($4.1m) | ($2.8m) | $6.0m | ($7.5m) | ($3.5m) | ($14.6m) | ($12.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $7.7m | $9.9m | $11.3m | $13.7m | $14.8m | $11.3m | $12.3m | $15.8m | $16.6m | $16.6m | $16.2m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.8m | $4.8m | $5.5m | $13.0m | $14.9m | $8.8m | $11.7m | $6.5m | $6.1m | $5.8m | — | |
| Share-based Payment Arrangement, Expense | $7.7m | $9.9m | $11.3m | $13.7m | $14.8m | $11.3m | $12.3m | $15.8m | $16.6m | $16.6m | $16.2m | |
| Share-based compensation | $7.7m | $9.9m | $11.3m | $13.7m | $14.8m | $11.3m | $12.3m | $15.8m | $16.6m | $16.6m | $16.2m | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | — | — | — | — | — | — | ($426k) | |
| Nonoperating Income (Expense) | ($5.3m) | ($8.8m) | ($28.1m) | ($35.7m) | ($32.0m) | ($43.0m) | ($55.0m) | ($53.3m) | ($45.6m) | ($88.3m) | — | |
| Other Nonoperating Income (Expense) | $277k | $281k | $558k | $2.1m | $733k | $4k | $1.7m | $21.3m | $27.5m | $15.4m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $20.0m | $37.9m | $35.5m | $27.1m | ($2.6m) | $69.0m | $169.3m | ($20.8m) | ($56.0m) | ($79.8m) | $42.4m | |
| Receivables, net | ($20.0m) | ($37.9m) | ($35.5m) | ($27.1m) | $2.6m | ($69.0m) | ($169.3m) | $20.8m | $56.0m | $79.8m | — | |
| Increase (Decrease) in Inventories | ($1.4m) | $14.9m | $23.3m | ($17.4m) | $11.8m | $46.5m | $93.9m | ($74.5m) | $41.7m | ($17.1m) | $968k | |
| Inventory Write-down | $1.3m | $2.0m | $2.2m | $2.6m | $2.5m | $2.6m | $6.7m | $4.8m | $7.6m | $8.9m | — | |
| Provision for inventory obsolescence | $1.3m | $2.0m | $2.2m | $2.6m | $2.5m | $2.6m | $6.7m | $4.8m | $7.6m | $8.9m | — | |
| Inventories | $1.4m | ($14.9m) | ($23.3m) | $17.4m | ($11.8m) | ($46.5m) | ($93.9m) | $74.5m | ($41.7m) | $17.1m | $968k | |
| Increase (Decrease) in Accounts Payable | ($11.7m) | $17.9m | $29.7m | ($5.1m) | $16.8m | $55.0m | $26.6m | ($8.9m) | ($30.4m) | ($65.4m) | ($1.6m) | |
| Accrued liabilities | $3.6m | $7.2m | ($660k) | ($2.7m) | $20.5m | $24.8m | $20.7m | ($4.4m) | ($5.8m) | ($798k) | $5.0m | |
| Prepaid expenses and other current assets | ($10.1m) | $8.2m | ($8.4m) | $9.4m | ($460k) | $558k | ($9.2m) | ($2.6m) | ($3.1m) | ($2.6m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $76.8m |
$113.2m
+47.41%
|
$167.2m
+47.69%
|
$271.8m
+62.57%
|
$357.9m
+31.68%
|
$403.0m
+12.61%
|
$495.8m
+23.02%
|
$849.4m
+71.32%
|
$776.0m
-8.64%
|
$756.3m
-2.54%
|
$764.5m
+1.08%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $14.2m | $25.3m | $52.5m | $45.5m | $40.9m | $55.5m | $76.4m | $64.0m | $69.3m | $59.4m | ($60.0m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($2.7m) | ($998k) | ($1.2m) | ($1.4m) | $88k | ($1.4m) | ($1.8m) | $912k | $1.0m | $773k | $578k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $500.2m | $7.0m | $83.4m | $1.3b | $20.5m | $149.2m | $136.8m | $1.9b | ($69.8m) | |
| Payments for (Proceeds from) Other Investing Activities | ($113k) | ($199k) | ($38k) | ($25k) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($16.8m) | ($108.6m) | ($551.8m) | ($50.1m) | ($121.9m) | ($1.3b) | ($93.9m) | ($198.2m) | ($203.5m) | ($2.0b) | ($2.0b) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | $15.0m | $186.2m | $18.4m | $27.8m | $324.9m | $433.1m | $38.7m | $40.1m | $47.0m | $515.6m | ($525.5m) | |
| Gain (Loss) on Extinguishment of Debt | — | ($1.1m) | — | — | ($233k) | ($13.8m) | — | — | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | $250.0m | $526.6m | $15.0m | $300.0m | $1.2b | — | — | — | $2.0b | $1.0b | |
| Provision for bad debt expense | $3.3m | $3.2m | $3.2m | $7.1m | $6.3m | $7.3m | $5.5m | $6.5m | $15.7m | $14.5m | — | |
| Repayment of long-term debt | ($15.0m) | ($186.2m) | ($18.4m) | ($27.8m) | ($324.9m) | ($433.1m) | ($38.7m) | ($40.1m) | ($47.0m) | ($515.6m) | — | |
| Payment of debt issuance costs | — | ($2.1m) | ($7.8m) | — | ($2.3m) | ($15.0m) | — | — | — | ($17.4m) | — | |
| Payments for Repurchase of Common Stock | $22.3m | $139.3m | $65.0m | $110.9m | $49.2m | $35.6m | $250.1m | — | $966.4m | $434.2m | — | |
| Repurchase of shares of common stock | ($22.3m) | ($139.3m) | ($65.0m) | ($110.9m) | ($49.2m) | ($35.6m) | ($250.1m) | — | ($966.4m) | ($434.2m) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($38.5m) |
($82.5m)
-114.40%
|
$429.1m
+620.38%
|
($137.8m)
-132.11%
|
($90.8m)
+34.09%
|
$729.0m
+902.86%
|
($300.1m)
-141.16%
|
($43.8m)
+85.39%
|
($1.0b)
-2218.35%
|
$1.0b
+200.05%
|
$1.2b
+19.37%
|
|
| Net (decrease) increase in cash and cash equivalents | — | ($77.9m) | $44.4m | $83.9m | $145.2m | ($190.2m) | $100.3m | $608.5m | ($448.2m) | ($215.6m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $83.9m | $145.2m | ($190.2m) | $100.3m | $608.5m | ($448.2m) | ($215.6m) | $267.9m | |
| Cash and cash equivalents - Beginning of period | — | — | — | $184.8m | $330.0m | $139.8m | $240.1m | $848.6m | $400.3m | $184.7m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $139.8m | $240.1m | $848.6m | $400.3m | $184.7m | $267.9m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | ($1.5m) | $1.1m | ($4.5m) | $1.8m | $925k | |
| Impact of exchange rate changes on cash | — | — | — | — | — | ($15k) | ($1.5m) | $1.1m | ($4.5m) | $1.8m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $4.1m | $6.4m | $23.7m | $36.2m | $30.9m | $22.1m | $49.9m | $71.5m | $70.0m | $88.5m | — | |
| Income Taxes Paid, Net | ($1.8m) | ($4.8m) | ($5.5m) | ($13.0m) | ($14.9m) | ($8.8m) | ($11.7m) | ($6.5m) | ($6.1m) | $186.9m | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | ($255k) | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | — | — | ($2.3m) | ($1.0m) | ($1.1m) | — | |
| Goodwill | $1.0b | $1.1b | $1.4b | $1.4b | $1.4b | $1.9b | $2.0b | $2.0b | $2.1b | $3.0b | ($426k) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $72.6m | $158.1m | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $43.7m | ($30.1m) | $46.1m | $62.8m | $76.1m | $109.4m | $186.1m | $211.2m | $218.2m | $181.9m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $73.1m | $103.8m | — | |
| Pension Cost (Reversal of Cost) | $10.5m | $12.8m | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | $1.4m | $3.3m | $2.0m | $3.1m | $3.2m | $2.8m | — | |
| Restructuring Costs | $900k | — | — | — | — | — | — | — | — | — | — | |
| Loss on sale of assets | — | — | — | — | — | $1.4m | $1.8m | $2.3m | $1.0m | $1.1m | — | |
| Other, net | $113k | $199k | $38k | $25k | $66k | ($1.1m) | $6.4m | ($2.0m) | ($2.3m) | ($2.4m) | — | |
| Acquisition of businesses, net of $7,853 cash acquired | ($3.5m) | ($84.1m) | ($500.2m) | ($7.0m) | ($83.4m) | ($1.3b) | ($20.5m) | ($149.2m) | ($136.8m) | ($1.9b) | — | |
| Proceeds from sale of assets | — | — | — | — | — | $415k | $3.0m | $15.0m | $2.6m | $1.2m | — | |
| Proceeds from revolving credit facility | — | $225.0m | $90.0m | — | — | — | $70.0m | — | — | $178.0m | — | |
| Repayment of revolving credit facility | — | ($225.0m) | ($90.0m) | — | — | — | ($70.0m) | — | — | ($178.0m) | — | |
| Exercise of stock options | — | — | — | — | $1.4m | $3.3m | $2.0m | $3.1m | $3.2m | $2.8m | — | |
| Payment of contingent consideration | — | — | ($841k) | ($1.1m) | ($928k) | ($650k) | ($1.7m) | ($300k) | — | — | — | |
| U.S. Federal | — | — | — | — | — | — | — | $166.0m | $164.0m | $136.5m | — | |
| U.S. state and local | — | — | — | — | — | — | — | $45.8m | $48.0m | $37.8m | — | |
| Canada | — | — | — | — | — | — | — | $9.0m | $7.5m | $12.6m | — | |
| Leased assets obtained in exchange for new operating lease liabilities | — | — | — | $128.8m | $38.6m | $131.9m | $104.0m | $56.3m | $50.5m | $102.5m | — | |
| Leased assets obtained in exchange for new finance lease liabilities | — | — | — | — | — | $10.5m | — | — | — | $642k | — | |
| Excise taxes capitalized to treasury stock | — | — | — | — | — | — | — | — | $9.4m | $4.1m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.