SiteOne Landscape Supply Inc
For the period ended Dec 29, 2024. Filed Feb 20, 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 Feb 20, 2025
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 1, 2024 to December 29, 2024 | For the yearJanuary 2, 2023 to December 31, 2023 | For the yearJanuary 3, 2022 to January 1, 2023 | |
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net income | $124.4 | $173.4 | $245.4 |
| Adjustments to reconcile Net income to net cash provided by operating activities: | |||
| Amortization of finance lease right-of-use assets and depreciation | 75.3 | 64.1 | 51.6 |
| Stock-based compensation | 25.0 | 25.7 | 18.3 |
| Amortization of software and intangible assets | 63.7 | 63.6 | 52.2 |
| Amortization of debt related costs | 1.3 | 1.2 | 1.1 |
| Loss on extinguishment of debt | 1.8 | — | 0.6 |
| (Gain) loss on sale of equipment | 0.5 | (0.5) | (0.8) |
| Deferred income taxes | (11.0) | (14.5) | (5.2) |
| Other | 0.9 | (5.6) | 2.3 |
| Changes in operating assets and liabilities, net of the effects of acquisitions: | |||
| Receivables | (41.6) | (17.4) | (44.6) |
| Inventory | 19.0 | 38.1 | (99.3) |
| Income tax receivable | (11.2) | 10.9 | (7.6) |
| Prepaid expenses and other assets | 2.1 | (4.3) | 3.5 |
| Accounts payable | 29.7 | (35.1) | 8.9 |
| Income tax payable | (8.0) | 7.9 | — |
| Accrued expenses and other liabilities | 11.5 | (10.0) | (9.2) |
| Net Cash Provided By Operating Activities | $283.4 | $297.5 | $217.2 |
| Cash Flows from Investing Activities: | |||
| Purchases of property and equipment | (40.5) | (32.1) | (27.1) |
| Purchases of intangible assets | (4.3) | (3.9) | (14.6) |
| Acquisitions, net of cash acquired | (138.2) | (192.7) | (244.9) |
| Proceeds from the sale of property and equipment | 5.9 | 2.7 | 2.2 |
| Net Cash Used In Investing Activities | $(177.1) | $(226.0) | $(284.4) |
| Cash Flows from Financing Activities: | |||
| Equity proceeds from common stock | 5.6 | 5.2 | 3.6 |
| Repurchases of common shares | (51.3) | (12.0) | (24.4) |
| Borrowings under term loan | 220.1 | 120.0 | — |
| Repayments under term loan | (197.0) | (3.2) | (2.6) |
| Borrowings on asset-based credit facilities | 381.9 | 434.3 | 732.8 |
| Repayments on asset-based credit facilities | (398.3) | (526.8) | (632.8) |
| Payments of debt issuance costs | (2.2) | (1.8) | (2.3) |
| Payments on finance lease obligations | (26.7) | (18.5) | (12.6) |
| Payments of acquisition related contingent obligations | (5.6) | (8.0) | (10.0) |
| Other financing activities | (7.4) | (7.5) | (8.3) |
| Net Cash (Used In) Provided By Financing Activities | $(80.9) | $(18.3) | $43.4 |
| Effect of exchange rate on cash | (0.8) | 0.2 | (0.8) |
| Net Change In Cash | 24.6 | 53.4 | (24.6) |
| Cash and cash equivalents: | |||
| Beginning | 82.5 | 29.1 | 53.7 |
| Ending | $107.1 | $82.5 | $29.1 |
| Supplemental Disclosures of Cash Flow Information: | |||
| Cash paid during the year for interest | $29.8 | $26.8 | $15.5 |
| Cash paid during the year for income taxes | $57.6 | $46.0 | $82.1 |
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