POOL CORP
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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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.
FY2025 · Filed Feb 26, 2026
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, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating activities | |||
| Net income | $406,404 | $434,325 | $523,229 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 42,678 | 36,784 | 31,585 |
| Amortization | 8,927 | 8,697 | 8,555 |
| Share-based compensation | 22,733 | 19,248 | 19,582 |
| (Benefit) provision for doubtful accounts receivable, net of write-offs | (589) | (3,122) | 2,197 |
| (Benefit) provision for inventory obsolescence, net of write-offs | (2,756) | 3,048 | 1,930 |
| Provision for deferred income taxes | 17,030 | 15,739 | 10,359 |
| Gains on sales of property and equipment | (611) | (1,645) | (317) |
| Equity in earnings of unconsolidated investments, net | (102) | (207) | (177) |
| Net (gains) losses on foreign currency transactions | (492) | 218 | (813) |
| Goodwill impairment | 285 | — | 550 |
| Other | (271) | (245) | 200 |
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||
| Receivables | (27,324) | 29,146 | 10,108 |
| Product inventories | (147,405) | 66,201 | 231,240 |
| Prepaid expenses and other assets | 91,799 | 75,122 | 57,840 |
| Accounts payable | 119,358 | 14,429 | 96,128 |
| Accrued expenses and other liabilities | (163,814) | (38,552) | (103,967) |
| Net cash provided by operating activities | 365,850 | 659,186 | 888,229 |
| Investing activities | |||
| Acquisition of businesses, net of cash acquired | (10,831) | (4,692) | (11,533) |
| Purchases of property and equipment, net of sale proceeds | (56,334) | (59,476) | (60,096) |
| Other investments, net | (627) | (2,001) | 32 |
| Net cash used in investing activities | (67,792) | (66,169) | (71,597) |
| Financing activities | |||
| Proceeds from revolving line of credit | 1,929,200 | 1,517,800 | 1,548,618 |
| Payments on revolving line of credit | (1,698,700) | (1,575,700) | (1,815,829) |
| Proceeds from term loan under credit facility | 50,000 | — | — |
| Payments on term loan under credit facility | (12,500) | (25,000) | (12,500) |
| Proceeds from asset-backed financing | 473,500 | 727,000 | 552,500 |
| Payments on asset-backed financing | (473,100) | (744,600) | (560,300) |
| Payments on term facility | (19,938) | — | (47,313) |
| Proceeds from short-term borrowings and current portion of long-term debt | 17,700 | 8,873 | 19,998 |
| Payments on short-term borrowings and current portion of long-term debt | (16,644) | (10,103) | (19,338) |
| Payments of deferred financing costs | (1,397) | (2,077) | (52) |
| Payments of deferred and contingent acquisition consideration | — | — | (551) |
| Proceeds from stock issued under share-based compensation plans | 9,702 | 13,190 | 10,455 |
| Payments of cash dividends | (184,916) | (179,633) | (167,461) |
| Repurchases of common stock | (346,286) | (306,300) | (306,359) |
| Net cash used in financing activities | (273,379) | (576,550) | (798,132) |
| Effect of exchange rate changes on cash and cash equivalents | 2,422 | (5,145) | 2,449 |
| Change in cash and cash equivalents | 27,101 | 11,322 | 20,949 |
| Cash and cash equivalents at beginning of year | 77,862 | 66,540 | 45,591 |
| Cash and cash equivalents at end of year | $104,963 | $77,862 | $66,540 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.