BrightView Holdings Inc
For the period ended Dec 31, 2023. Filed Jan 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Jan 31, 2024
BV$11.43-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Three Months Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities: | ||
| Net (loss) | $(16.4) | $(18.9) |
| Adjustments to reconcile net (loss) to net cash provided (used) by operating activities: | ||
| Depreciation | 25.6 | 27.1 |
| Amortization of intangible assets | 10.1 | 11.9 |
| Amortization of financing costs and original issue discount | 0.7 | 0.9 |
| Deferred taxes | (6.7) | (8.3) |
| Equity-based compensation | 5.1 | 5.6 |
| Realized (gain) on hedges | (2.9) | (3.0) |
| Other non-cash activities | 1.9 | 0.6 |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 21.0 | (15.6) |
| Unbilled and deferred revenue | 58.4 | 23.7 |
| Other operating assets | (9.9) | (5.8) |
| Accounts payable and other operating liabilities | (60.7) | (47.8) |
| Net cash provided (used) by operating activities | 26.2 | (29.6) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (10.1) | (27.2) |
| Proceeds from sale of property and equipment | 1.2 | 1.4 |
| Business acquisitions, net of cash acquired | — | (10.0) |
| Other investing activities | 0.3 | 0.8 |
| Net cash (used) by investing activities | (8.6) | (35.0) |
| Cash flows from financing activities: | ||
| Repayments of finance lease obligations | (7.5) | (8.7) |
| Repayments of term loan | — | (3.0) |
| Repayments of receivables financing agreement | (9.5) | (114.0) |
| Proceeds from receivables financing agreement, net of issuance costs | 0.5 | 171.0 |
| Proceeds from revolving credit facility | — | 24.0 |
| Debt issuance and prepayment costs | (0.4) | — |
| Proceeds from issuance of common stock, net of share issuance costs | 0.2 | 0.3 |
| Repurchase of common stock and distributions | (2.5) | (1.2) |
| Contingent business acquisition payments | (1.0) | (1.6) |
| Other financing activities | 0.1 | 0.1 |
| Net cash (used) provided by financing activities | (20.1) | 66.9 |
| Net change in cash and cash equivalents | (2.5) | 2.3 |
| Cash and cash equivalents, beginning of period | 67.0 | 20.1 |
| Cash and cash equivalents, end of period | $64.5 | $22.4 |
| Supplemental Cash Flow Information: | ||
| Cash (received) paid for income taxes, net | $(0.2) | $— |
| Cash paid for interest | $18.0 | $21.7 |
| Non-cash Series A Preferred Stock dividends | $8.9 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.