SiteOne Landscape Supply Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
SITE$116.16-1.1%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
| For the yearJanuary 2, 2023 to December 31, 2023 | For the yearJanuary 3, 2022 to January 1, 2023 | For the yearJanuary 4, 2021 to January 2, 2022 | |
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net income | $173.4 | $245.4 | $238.4 |
| Adjustments to reconcile Net income to net cash provided by operating activities: | |||
| Amortization of finance lease right-of-use assets and depreciation | 64.1 | 51.6 | 36.2 |
| Stock-based compensation | 25.7 | 18.3 | 14.3 |
| Amortization of software and intangible assets | 63.6 | 52.2 | 46.8 |
| Amortization of debt related costs | 1.2 | 1.1 | 2.3 |
| Loss on extinguishment of debt | — | 0.6 | 0.8 |
| Gain on sale of equipment | (0.5) | (0.8) | (0.1) |
| Deferred income taxes | (14.5) | (5.2) | (3.1) |
| Other | (5.6) | 2.3 | 6.5 |
| Changes in operating assets and liabilities, net of the effects of acquisitions: | |||
| Receivables | (17.4) | (44.6) | (92.1) |
| Inventory | 38.1 | (99.3) | (156.9) |
| Income tax receivable | 10.9 | (7.6) | 3.5 |
| Prepaid expenses and other assets | (4.3) | 3.5 | (3.2) |
| Accounts payable | (35.1) | 8.9 | 74.4 |
| Income tax payable | 7.9 | — | — |
| Accrued expenses and other liabilities | (10.0) | (9.2) | 43.0 |
| Net Cash Provided By Operating Activities | $297.5 | $217.2 | $210.8 |
| Cash Flows from Investing Activities: | |||
| Purchases of property and equipment | (32.1) | (27.1) | (32.5) |
| Purchases of intangible assets | (3.9) | (14.6) | (4.5) |
| Acquisitions, net of cash acquired | (192.7) | (244.9) | (147.2) |
| Proceeds from the sale of property and equipment | 2.7 | 2.2 | 2.2 |
| Net Cash Used In Investing Activities | $(226.0) | $(284.4) | $(182.0) |
| Cash Flows from Financing Activities: | |||
| Equity proceeds from common stock | 5.2 | 3.6 | 9.3 |
| Repurchases of common stock | (12.0) | (24.4) | — |
| Borrowings under term loan | 120.0 | — | 325.0 |
| Repayments under term loan | (3.2) | (2.6) | (338.6) |
| Borrowings on asset-based credit facility | 434.3 | 732.8 | 161.9 |
| Repayments on asset-based credit facility | (526.8) | (632.8) | (161.9) |
| Payments of debt issuance costs | (1.8) | (2.3) | (2.4) |
| Payments on finance lease obligations | (18.5) | (12.6) | (10.4) |
| Payments of acquisition related contingent obligations | (8.0) | (10.0) | (8.6) |
| Other financing activities | (7.5) | (8.3) | (4.7) |
| Net Cash (Used In) Provided By Financing Activities | $(18.3) | $43.4 | $(30.4) |
| Effect of exchange rate on cash | 0.2 | (0.8) | 0.1 |
| Net Change In Cash | 53.4 | (24.6) | (1.5) |
| Cash and cash equivalents: | |||
| Beginning | 29.1 | 53.7 | 55.2 |
| Ending | $82.5 | $29.1 | $53.7 |
| Supplemental Disclosures of Cash Flow Information: | |||
| Cash paid during the year for interest | $26.8 | $15.5 | $15.6 |
| Cash paid during the year for income taxes | $46.0 | $82.1 | $55.8 |
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