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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) attributable to DXP Enterprises, Inc. $ (26,814) $ 33,859
Less: net loss attributable to non-controlling interest (233) (172)
Net income (loss) (27,047) 33,687
Reconciliation of net income (loss) to net cash provided by operating activities:    
Depreciation 7,998 7,270
Amortization of intangible assets 9,296 11,423
Gain on sale of property and equipment 0 (9)
Bad debt expense (recoveries) 788 (75)
Impairment and other charges 48,401 0
Payment of contingent consideration liability in excess of acquisition-date fair value (136) (106)
Fair value adjustment on contingent consideration 13 101
Amortization of debt issuance costs 1,406 1,406
Stock compensation expense 2,870 1,502
Deferred income taxes (6,477) 2,337
Changes in operating assets and liabilities:    
Trade accounts receivable 37,212 (17,581)
Costs and estimated profits in excess of billings 10,876 (1,371)
Inventories 4,533 (17,039)
Prepaid expenses and other assets 4,990 1,786
Trade accounts payable and accrued expenses 11,710 (6,301)
Billings in excess of costs and estimated profits (7,702) (3,524)
Other long-term liabilities (6,491) (6,021)
Net cash provided by operating activities 92,240 7,485
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (6,530) (14,247)
Proceeds from the sale of property and equipment 123 35
Acquisition of business, net of cash acquired (14,118) 0
Net cash used in investing activities (20,525) (14,212)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal debt payments (26,875) (3,716)
Issuance of Common Stock sold in public market 1,142 0
Payment for contingent consideration liability (1,864) (1,394)
Dividends paid (68) (68)
Debt issuance costs (138) 0
Payment for employee taxes withheld from stock awards (139) (266)
Net cash used in financing activities (27,942) (5,444)
Effect of foreign currency on cash (721) 213
Net change in cash and restricted cash 43,052 (11,958)
Cash and restricted cash at beginning of period 54,326 40,519
Cash and restricted cash at end of period $ 97,378 $ 28,561