SiteOne Landscape Supply Inc
For the period ended Mar 31, 2024. Filed May 1, 2024.
View on SEC.govAbout this filing
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.
Mar 31, 2024 · Filed May 1, 2024
SITE$116.16-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Unaudited)
(In millions)
| Three Months Ended | ||
|---|---|---|
| March 31, 2024 | April 2, 2023 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(19.3) | $(4.5) |
| Adjustments to reconcile Net loss to net cash used in operating activities: | ||
| Amortization of finance lease right-of-use assets and depreciation | 16.9 | 15.5 |
| Stock-based compensation | 10.5 | 8.6 |
| Amortization of software and intangible assets | 16.0 | 15.3 |
| Amortization of debt related costs | 0.3 | 0.3 |
| Gain on sale of equipment | (1.0) | (0.4) |
| Other | (1.5) | (3.2) |
| Changes in operating assets and liabilities, net of the effects of acquisitions: | ||
| Receivables | (38.1) | (39.3) |
| Inventory | (160.9) | (168.2) |
| Income tax receivable | (2.8) | (3.1) |
| Prepaid expenses and other assets | (8.9) | (14.8) |
| Accounts payable | 121.0 | 81.8 |
| Income tax payable | (8.0) | — |
| Accrued expenses and other liabilities | (23.5) | (40.6) |
| Net Cash Used In Operating Activities | $(99.3) | $(152.6) |
| Cash Flows from Investing Activities: | ||
| Purchases of property and equipment | (8.9) | (7.1) |
| Acquisitions, net of cash acquired | — | (33.2) |
| Proceeds from the sale of property and equipment | 1.6 | 0.7 |
| Net Cash Used In Investing Activities | $(7.3) | $(39.6) |
| Cash Flows from Financing Activities: | ||
| Equity proceeds from common stock | 2.6 | 1.1 |
| Repurchases of common stock | — | (0.6) |
| Repayments under term loan | (1.0) | (0.6) |
| Borrowings on asset-based credit facility | 158.2 | 298.3 |
| Repayments on asset-based credit facility | (82.1) | (85.3) |
| Payments on finance lease obligations | (5.8) | (3.9) |
| Payments of acquisition related contingent obligations | (1.8) | (1.6) |
| Other financing activities | (4.4) | (4.0) |
| Net Cash Provided By Financing Activities | $65.7 | $203.4 |
| Effect of exchange rate on cash | (0.1) | — |
| Net change in cash | (41.0) | 11.2 |
| Cash and cash equivalents: | ||
| Beginning | 82.5 | 29.1 |
| Ending | $41.5 | $40.3 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Cash paid during the year for interest | $6.0 | $6.0 |
| Cash paid during the year for income taxes | $1.1 | $1.2 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.