DXP ENTERPRISES INC

For the period ended Dec 31, 2023. Filed Mar 11, 2024.

About this filing

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 Mar 11, 2024

DXPE$156.54+11.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except share amounts)

	December 31, 2023	December 31, 2022
ASSETS
Current assets:
Cash	$173,120	$46,026
Restricted cash	91	91
Accounts receivable, net of allowance of $5,584 and $7,610, respectively	311,171	320,880
Inventories	103,805	101,392
Costs and estimated profits in excess of billings	42,323	23,588
Prepaid expenses and other current assets	18,044	24,137
Total current assets	648,554	516,114
Property and equipment, net	61,618	45,964
Goodwill	343,991	333,759
Other intangible assets, net	63,895	79,585
Operating lease right of use assets, net	48,729	57,402
Other long-term assets	10,649	4,456
Total assets	$1,177,436	$1,037,280
LIABILITIES AND EQUITY
Current liabilities:
Current maturities of debt	$5,500	$4,369
Trade accounts payable	96,469	92,805
Accrued wages and benefits	36,238	26,260
Customer advances	12,160	20,128
Billings in excess of costs and estimated profits	9,506	10,411
Short-term operating lease liabilities	15,438	18,083
Other current liabilities	48,854	40,845
Total current liabilities	224,165	212,901
Long-term debt, net of unamortized debt issuance costs and discounts	520,697	409,205
Long-term operating lease liabilities	34,336	40,189
Other long-term liabilities	17,359	9,593
Total long-term liabilities	572,392	458,987
Total liabilities	796,557	671,888
Commitments and Contingencies (Note 17)
Shareholders' Equity:
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized	1	1
Series B convertible preferred stock, $1.00 par value; 1,000,000 shares authorized	15	15
Common stock, $0.01 par value, 100,000,000 shares authorized; 16,177,237 and 17,690,069 outstanding, respectively	345	345
Additional paid-in capital	216,482	213,937
Retained earnings	319,271	250,549
Accumulated other comprehensive loss	(31,240)	(31,675)
Treasury stock, at cost 4,141,989 and 2,435,352 shares, respectively	(123,995)	(67,780)
Total DXP Enterprises, Inc. equity	380,879	365,392
Total liabilities and equity	$1,177,436	$1,037,280

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.