QXO Inc
For the period ended Dec 31, 2024. Filed Mar 4, 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 Mar 4, 2025
QXO$13.73-0.4%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
| Year EndedDecember 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $27,969 | $(1,070) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Deferred income taxes | (1,159) | (338) |
| Depreciation | 247 | 329 |
| Amortization of intangibles | 875 | 672 |
| Non-cash lease expense | 263 | 126 |
| Provision for expected losses | 50 | 115 |
| Share-based compensation | 34,513 | 41 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 183 | 103 |
| Prepaid expenses and other current assets | (12,155) | (179) |
| Other assets | (21) | 16 |
| Accounts payable | 1,631 | 1,291 |
| Accrued expenses | 33,011 | 222 |
| Deferred revenue | (261) | (618) |
| Operating lease liabilities | (263) | (126) |
| Net cash provided by operating activities | 84,883 | 584 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (102) | (121) |
| Acquisition of assets | — | (279) |
| Net cash used in investing activities | (102) | (400) |
| Cash flows from financing activities: | ||
| Proceeds from the issuance of common stock and pre-funded warrants, net of issuance costs | 4,051,103 | — |
| Proceeds from issuance of preferred stock and warrants, net of issuance costs | 981,538 | — |
| Payment of preferred stock dividend | (32,250) | — |
| Payment of common-stock dividend | (17,400) | (1,051) |
| Payment of long-term debt | (1,696) | (784) |
| Payment for fractional shares | (45) | — |
| Payment of finance lease obligations | (170) | (215) |
| Net cash provided by (used in) financing activities | 4,981,080 | (2,050) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 5,065,861 | (1,866) |
| Cash, cash equivalents and restricted cash, beginning of year | 6,143 | 8,009 |
| Cash, cash equivalents and restricted cash, end of year | $5,072,004 | $6,143 |
| Cash paid during year for: | ||
| Interest | $63 | $57 |
| Income taxes | $— | $301 |
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