POOL CORP
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 27, 2024
POOL$217.54-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Operating activities | |||
| Net income | $523,229 | $748,462 | $650,624 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 31,585 | 30,381 | 28,287 |
| Amortization | 8,555 | 8,644 | 1,739 |
| Share-based compensation | 19,582 | 14,879 | 15,187 |
| Provision for doubtful accounts receivable, net of write-offs | 2,197 | 3,580 | 1,134 |
| Provision for inventory obsolescence, net of write-offs | 1,930 | 5,869 | 3,798 |
| Provision for deferred income taxes | 10,359 | 15,169 | 4,650 |
| Gains on sales of property and equipment | (317) | (527) | (93) |
| Equity in earnings of unconsolidated investments, net | (177) | (353) | (291) |
| Net (gains) losses on foreign currency transactions | (813) | 48 | 325 |
| Goodwill impairment | 550 | 605 | — |
| Other | 200 | 472 | 473 |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Receivables | 10,108 | 19,685 | (79,940) |
| Product inventories | 231,240 | (263,567) | (525,207) |
| Prepaid expenses and other assets | 57,840 | (52,815) | (51,199) |
| Accounts payable | 96,128 | 7,597 | 114,893 |
| Accrued expenses and other liabilities | (103,967) | (53,275) | 149,110 |
| Net cash provided by operating activities | 888,229 | 484,854 | 313,490 |
| Investing activities | |||
| Acquisition of businesses, net of cash acquired | (11,533) | (9,264) | (811,956) |
| Purchases of property and equipment, net of sale proceeds | (60,096) | (43,619) | (37,658) |
| Other investments, net | 32 | 2,013 | — |
| Net cash used in investing activities | (71,597) | (50,870) | (849,614) |
| Financing activities | |||
| Proceeds from revolving line of credit | 1,548,618 | 1,917,173 | 1,438,408 |
| Payments on revolving line of credit | (1,815,829) | (1,970,388) | (974,506) |
| Proceeds from term loan under credit facility | — | 250,000 | 250,000 |
| Payments on term loan under credit facility | (12,500) | — | — |
| Proceeds from asset-backed financing | 552,500 | 220,000 | 495,000 |
| Payments on asset-backed financing | (560,300) | (205,500) | (430,000) |
| Payments on term facility | (47,313) | (9,250) | (9,250) |
| Proceeds from short-term borrowings and current portion of long-term debt | 19,998 | 28,445 | 9,279 |
| Payments on short-term borrowings and current portion of long-term debt | (19,338) | (27,675) | (9,377) |
| Payments of deferred financing costs | (52) | (170) | (2,638) |
| Payments of deferred and contingent acquisition consideration | (551) | (1,374) | (362) |
| Proceeds from stock issued under share-based compensation plans | 10,455 | 8,934 | 17,197 |
| Payments of cash dividends | (167,461) | (150,624) | (119,581) |
| Repurchases of common stock | (306,359) | (471,229) | (138,039) |
| Net cash used in financing activities | (798,132) | (411,658) | 526,131 |
| Effect of exchange rate changes on cash and cash equivalents | 2,449 | (1,056) | 186 |
| Change in cash and cash equivalents | 20,949 | 21,270 | (9,807) |
| Cash and cash equivalents at beginning of year | 45,591 | 24,321 | 34,128 |
| Cash and cash equivalents at end of year | $66,540 | $45,591 | $24,321 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.