POOL CORP
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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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.
FY2024 · Filed Feb 27, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Operating activities | |||
| Net income | $434,325 | $523,229 | $748,462 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 36,784 | 31,585 | 30,381 |
| Amortization | 8,697 | 8,555 | 8,644 |
| Share-based compensation | 19,248 | 19,582 | 14,879 |
| (Benefit) provision for doubtful accounts receivable, net of write-offs | (3,122) | 2,197 | 3,580 |
| Provision for inventory obsolescence, net of write-offs | 3,048 | 1,930 | 5,869 |
| Provision for deferred income taxes | 15,739 | 10,359 | 15,169 |
| Gains on sales of property and equipment | (1,645) | (317) | (527) |
| Equity in earnings of unconsolidated investments, net | (207) | (177) | (353) |
| Net losses (gains) on foreign currency transactions | 218 | (813) | 48 |
| Goodwill impairment | — | 550 | 605 |
| Other | (245) | 200 | 472 |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Receivables | 29,146 | 10,108 | 19,685 |
| Product inventories | 66,201 | 231,240 | (263,567) |
| Prepaid expenses and other assets | 75,122 | 57,840 | (52,815) |
| Accounts payable | 14,429 | 96,128 | 7,597 |
| Accrued expenses and other liabilities | (38,552) | (103,967) | (53,275) |
| Net cash provided by operating activities | 659,186 | 888,229 | 484,854 |
| Investing activities | |||
| Acquisition of businesses, net of cash acquired | (4,692) | (11,533) | (9,264) |
| Purchases of property and equipment, net of sale proceeds | (59,476) | (60,096) | (43,619) |
| Other investments, net | (2,001) | 32 | 2,013 |
| Net cash used in investing activities | (66,169) | (71,597) | (50,870) |
| Financing activities | |||
| Proceeds from revolving line of credit | 1,517,800 | 1,548,618 | 1,917,173 |
| Payments on revolving line of credit | (1,575,700) | (1,815,829) | (1,970,388) |
| Proceeds from term loan under credit facility | — | — | 250,000 |
| Payments on term loan under credit facility | (25,000) | (12,500) | — |
| Proceeds from asset-backed financing | 727,000 | 552,500 | 220,000 |
| Payments on asset-backed financing | (744,600) | (560,300) | (205,500) |
| Payments on term facility | — | (47,313) | (9,250) |
| Proceeds from short-term borrowings and current portion of long-term debt | 8,873 | 19,998 | 28,445 |
| Payments on short-term borrowings and current portion of long-term debt | (10,103) | (19,338) | (27,675) |
| Payments of deferred financing costs | (2,077) | (52) | (170) |
| Payments of deferred and contingent acquisition consideration | — | (551) | (1,374) |
| Proceeds from stock issued under share-based compensation plans | 13,190 | 10,455 | 8,934 |
| Payments of cash dividends | (179,633) | (167,461) | (150,624) |
| Repurchases of common stock and payments of excise tax | (306,300) | (306,359) | (471,229) |
| Net cash used in financing activities | (576,550) | (798,132) | (411,658) |
| Effect of exchange rate changes on cash and cash equivalents | (5,145) | 2,449 | (1,056) |
| Change in cash and cash equivalents | 11,322 | 20,949 | 21,270 |
| Cash and cash equivalents at beginning of year | 66,540 | 45,591 | 24,321 |
| Cash and cash equivalents at end of year | $77,862 | $66,540 | $45,591 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.