AMCON Distributing Company Reports Results for the Fiscal Year Ended September 30, 2025
7 november, 22:10
AMCON Distributing Company (“AMCON” or “the Company”) (NYSE American: DIT), an Omaha, Nebraska based Convenience and Foodservice Distributor, is pleased to announce fully diluted earnings per share of $0.92 on net income available to common shareholders of $0.6 million for the fiscal year ended September 30, 2025.
“We believe AMCON’s long term strategy of providing superior customer service, a wide range of foodservice programs, and leading-edge technology solutions combined with the third largest Convenience Distribution footprint in the United States positions our organization well in the years ahead,” said Christopher H. Atayan, AMCON’s Chairman and Chief Executive Officer. He further noted, “We continue to actively seek strategic acquisition opportunities for operators who want to align with our customer focused approach philosophy and further the legacy of their enterprises.”
The wholesale distribution segment reported revenues of $2.8 billion and operating income of $23.0 million for fiscal 2025 and the retail health food segment reported revenues of $44.5 million and operating income of $0.1 million for fiscal 2025.
“AMCON’s proprietary technology suite of services, combined with our integrated state of the art advertising, design, print and electronic display programs are designed to provide our customers a competitive edge,” said Andrew C. Plummer, AMCON’s President and Chief Operating Officer. Mr. Plummer continued, “Our management team works closely to create unique solutions as we deploy these capabilities across our entire organization.”
“We engage in a relentless daily focus on managing the Company’s balance sheet and maximizing our liquidity position. At September 30, 2025, our shareholders’ equity was $113.1 million,” said Charles J. Schmaderer, AMCON’s Chief Financial Officer. Mr. Schmaderer also added, “We are presently in the process of integrating our recent acquisitions in order to optimize our customers’ growth initiatives in the various regions we serve.”
AMCON, and its subsidiaries Team Sledd, LLC and Henry’s Foods, Inc., is a leading Convenience and Foodservice Distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies and health and beauty care products serving thirty-four (34) states from fourteen (14) distribution centers in Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee and West Virginia. Through its Healthy Edge Retail Group, AMCON operates fifteen (15) health and natural product retail stores in the Midwest and Florida.
This news release contains forward-looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. A number of factors could affect the future results of the Company and could cause those results to differ materially from those expressed in the Company's forward-looking statements including, without limitation, availability of sufficient cash resources to conduct its business and meet its capital expenditures needs and the other factors described under Item 1.A. of the Company’s Annual Report on Form 10-K. Moreover, past financial performance should not be considered a reliable indicator of future performance. Accordingly, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to all such forward-looking statements.
Visit AMCON Distributing Company's web site at: www.amcon.com
AMCON Distributing Company and Subsidiaries CONSOLIDATED BALANCE SHEETS | ||||||||
September | September | |||||||
2025 | 2024 | |||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash | $ | 744,613 | $ | 672,788 | ||||
Accounts receivable, less allowance for credit losses of $2.4 million at September 2025 and $2.3 million at September 2024 | 73,192,069 | 70,653,907 | ||||||
Inventories, net | 153,276,545 | 144,254,843 | ||||||
Income taxes receivable | 140,986 | 718,645 | ||||||
Prepaid expenses and other current assets | 12,150,645 | 12,765,088 | ||||||
Total current assets | 239,504,858 | 229,065,271 | ||||||
Property and equipment, net | 107,844,655 | 106,049,061 | ||||||
Operating lease right-of-use assets, net | 30,488,841 | 25,514,731 | ||||||
Goodwill | 5,778,325 | 5,778,325 | ||||||
Other intangible assets, net | 4,240,359 | 4,747,234 | ||||||
Other assets | 3,231,488 | 2,952,688 | ||||||
Total assets | $ | 391,088,526 | $ | 374,107,310 | ||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 69,532,355 | $ | 54,498,225 | ||||
Accrued expenses | 15,459,406 | 15,802,727 | ||||||
Accrued wages, salaries and bonuses | 6,745,698 | 8,989,355 | ||||||
Current operating lease liabilities | 7,862,117 | 7,036,751 | ||||||
Current maturities of long-term debt | 5,471,310 | 5,202,443 | ||||||
Current mandatorily redeemable non-controlling interest | 7,020,895 | 1,703,604 | ||||||
Total current liabilities | 112,091,781 | 93,233,105 | ||||||
Credit facilities | 126,804,775 | 121,272,004 | ||||||
Deferred income tax liability, net | 4,048,070 | 4,374,316 | ||||||
Long-term operating lease liabilities | 22,845,456 | 18,770,001 | ||||||
Long-term debt, less current maturities | 11,033,949 | 16,562,908 | ||||||
Mandatorily redeemable non-controlling interest, less current portion | — | 6,507,896 | ||||||
Other long-term liabilities | 1,193,081 | 1,657,295 | ||||||
Shareholders’ equity: | ||||||||
Preferred stock, $.01 par value, 1,000,000 shares authorized | — | — | ||||||
Common stock, $.01 par value, 3,000,000 shares authorized, 635,609 shares outstanding at September 2025 and 630,362 shares outstanding at September 2024 | 9,799 | 9,648 | ||||||
Additional paid-in capital | 36,991,031 | 34,439,735 | ||||||
Retained earnings | 108,475,842 | 108,552,565 | ||||||
Treasury stock at cost | (32,405,258 | ) | (31,272,163 | ) | ||||
Total shareholders’ equity | 113,071,414 | 111,729,785 | ||||||
Total liabilities and shareholders’ equity | $ | 391,088,526 | $ | 374,107,310 |
AMCON Distributing Company and Subsidiaries CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||
Fiscal Years Ended September | ||||||||
2025 | 2024 | |||||||
Sales (including excise taxes of $561.9 million and $569.5 million, respectively) | $ | 2,816,688,287 | $ | 2,710,981,108 | ||||
Cost of sales | 2,628,458,039 | 2,528,626,652 | ||||||
Gross profit | 188,230,248 | 182,354,456 | ||||||
Selling, general and administrative expenses | 165,839,583 | 154,878,763 | ||||||
Depreciation and amortization | 9,835,200 | 9,495,179 | ||||||
175,674,783 | 164,373,942 | |||||||
Operating income | 12,555,465 | 17,980,514 | ||||||
Other expense (income): | ||||||||
Interest expense | 10,443,571 | 10,413,228 | ||||||
Change in fair value of mandatorily redeemable non-controlling interest | 877,409 | 1,040,968 | ||||||
Other (income), net | (329,254 | ) | (936,171 | ) | ||||
10,991,726 | 10,518,025 | |||||||
Income from operations before income taxes | 1,563,739 | 7,462,489 | ||||||
Income tax expense | 995,000 | 3,126,000 | ||||||
Net income available to common shareholders | $ | 568,739 | $ | 4,336,489 | ||||
Basic earnings per share available to common shareholders | $ | 0.93 | $ | 7.24 | ||||
Diluted earnings per share available to common shareholders | $ | 0.92 | $ | 7.15 | ||||
Basic weighted average shares outstanding | 613,188 | 599,020 | ||||||
Diluted weighted average shares outstanding | 616,486 | 606,782 | ||||||
Dividends paid per common share | $ | 1.00 | $ | 1.00 |
AMCON Distributing Company and Subsidiaries CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY | ||||||||||||||||||||||||||
Additional | ||||||||||||||||||||||||||
Common Stock | Treasury Stock | Paid-in | Retained | |||||||||||||||||||||||
Shares | Amount | Shares | Amount | Capital | Earnings | Total | ||||||||||||||||||||
Balance, October 1, 2023 | 943,272 | $ | 9,431 | (334,583 | ) | $ | (31,272,163 | ) | $ | 30,585,388 | $ | 104,846,438 | $ | 104,169,094 | ||||||||||||
Dividends on common stock, $1.00 per share | — | — | — | — | — | (630,362 | ) | (630,362 | ) | |||||||||||||||||
Compensation expense and issuance of stock in connection with equity-based awards | 21,673 | 217 | — | — | 3,854,347 | — | 3,854,564 | |||||||||||||||||||
Net income available to common shareholders | — | — | — | — | — | 4,336,489 | 4,336,489 | |||||||||||||||||||
Balance, September 30, 2024 | 964,945 | $ | 9,648 | (334,583 | ) | $ | (31,272,163 | ) | $ | 34,439,735 | $ | 108,552,565 | $ | 111,729,785 | ||||||||||||
Dividends on common stock, $1.00 per share | — | — | — | — | — | (645,462 | ) | (645,462 | ) | |||||||||||||||||
Compensation expense and issuance of stock in connection with equity-based awards | 15,100 | 151 | — | — | 2,551,296 | — | 2,551,447 | |||||||||||||||||||
Repurchase of common stock | — | — | (9,853 | ) | (1,133,095 | ) | — | — | (1,133,095 | ) | ||||||||||||||||
Net income available to common shareholders | — | — | — | — | — | 568,739 | 568,739 | |||||||||||||||||||
Balance, September 30, 2025 | 980,045 | $ | 9,799 | (344,436 | ) | $ | (32,405,258 | ) | $ | 36,991,031 | $ | 108,475,842 | $ | 113,071,414 |
AMCON Distributing Company and Subsidiaries CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||
September | September | |||||||
2025 | 2024 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net income available to common shareholders | $ | 568,739 | $ | 4,336,489 | ||||
Adjustments to reconcile net income available to common shareholders to net cash flows from (used in) operating activities: | ||||||||
Depreciation | 9,328,325 | 8,957,478 | ||||||
Amortization | 506,875 | 537,701 | ||||||
(Gain) loss on sales of property and equipment | (90,237 | ) | (177,467 | ) | ||||
Equity-based compensation | 2,551,447 | 2,489,781 | ||||||
Deferred income taxes | (326,246 | ) | (543,644 | ) | ||||
Provision for credit losses | 53,549 | (64,705 | ) | |||||
Inventory allowance | (320,305 | ) | 62,349 | |||||
Change in fair value of contingent consideration | (1,453,452 | ) | (124,992 | ) | ||||
Change in fair value of mandatorily redeemable non-controlling interest | 877,409 | 1,040,968 | ||||||
Changes in assets and liabilities, net of effects of business combinations: | ||||||||
Accounts receivable | (2,579,336 | ) | 5,900,380 | |||||
Inventories | (5,703,098 | ) | 29,003,285 | |||||
Prepaid and other current assets | 616,232 | 2,227,044 | ||||||
Other assets | (278,800 | ) | (38,193 | ) | ||||
Accounts payable | 16,009,694 | 11,397,485 | ||||||
Accrued expenses and accrued wages, salaries and bonuses | (1,949,997 | ) | 1,221,322 | |||||
Other long-term liabilities | 278,968 | 511,231 | ||||||
Income taxes payable and receivable | 577,659 | 1,135,839 | ||||||
Net cash flows from (used in) operating activities | 18,667,426 | 67,872,351 | ||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Purchase of property and equipment | (9,003,396 | ) | (20,429,805 | ) | ||||
Proceeds from sales of property and equipment | 113,214 | 416,546 | ||||||
Acquisition of Arrowrock Supply | (6,131,527 | ) | — | |||||
Acquisition of Burklund | — | (15,464,397 | ) | |||||
Acquisition of Richmond Master | — | (6,631,039 | ) | |||||
Net cash flows from (used in) investing activities | (15,021,709 | ) | (42,108,695 | ) | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Borrowings under revolving credit facilities | 2,588,656,781 | 2,517,192,464 | ||||||
Repayments under revolving credit facilities | (2,583,124,010 | ) | (2,536,358,449 | ) | ||||
Principal payments on long-term debt | (5,260,092 | ) | (3,765,153 | ) | ||||
Repurchase of common stock | (1,133,095 | ) | — | |||||
Dividends on common stock | (645,462 | ) | (630,362 | ) | ||||
Redemption and distributions to non-controlling interest | (2,068,014 | ) | (2,320,299 | ) | ||||
Net cash flows from (used in) financing activities | (3,573,892 | ) | (25,881,799 | ) | ||||
Net change in cash | 71,825 | (118,143 | ) | |||||
Cash, beginning of period | 672,788 | 790,931 | ||||||
Cash, end of period | $ | 744,613 | $ | 672,788 | ||||
Supplemental disclosure of cash flow information: | ||||||||
Cash paid during the period for interest, net of amounts capitalized | $ | 10,522,689 | $ | 9,985,313 | ||||
Cash paid during the period for income taxes, net of refunds | 724,088 | 2,520,127 | ||||||
Supplemental disclosure of non-cash information: | ||||||||
Equipment acquisitions classified in accounts payable | $ | 41,384 | $ | 1,016,948 | ||||
Purchase of property financed with promissory note | — | 8,000,000 | ||||||
Portion of Burklund acquisition financed with promissory note | — | 3,900,000 | ||||||
Portion of Burklund acquisition financed with contingent consideration | — | 1,578,444 | ||||||
Issuance of common stock in connection with the vesting of
| — | 1,296,372 |
View source version on businesswire.com: https://www.businesswire.com/news/home/20251107907814/en/
Ämnen i artikeln
AMCON Distributing Company Reports Results for the Fiscal Year Ended September 30, 2025
7 november, 22:10
AMCON Distributing Company (“AMCON” or “the Company”) (NYSE American: DIT), an Omaha, Nebraska based Convenience and Foodservice Distributor, is pleased to announce fully diluted earnings per share of $0.92 on net income available to common shareholders of $0.6 million for the fiscal year ended September 30, 2025.
“We believe AMCON’s long term strategy of providing superior customer service, a wide range of foodservice programs, and leading-edge technology solutions combined with the third largest Convenience Distribution footprint in the United States positions our organization well in the years ahead,” said Christopher H. Atayan, AMCON’s Chairman and Chief Executive Officer. He further noted, “We continue to actively seek strategic acquisition opportunities for operators who want to align with our customer focused approach philosophy and further the legacy of their enterprises.”
The wholesale distribution segment reported revenues of $2.8 billion and operating income of $23.0 million for fiscal 2025 and the retail health food segment reported revenues of $44.5 million and operating income of $0.1 million for fiscal 2025.
“AMCON’s proprietary technology suite of services, combined with our integrated state of the art advertising, design, print and electronic display programs are designed to provide our customers a competitive edge,” said Andrew C. Plummer, AMCON’s President and Chief Operating Officer. Mr. Plummer continued, “Our management team works closely to create unique solutions as we deploy these capabilities across our entire organization.”
“We engage in a relentless daily focus on managing the Company’s balance sheet and maximizing our liquidity position. At September 30, 2025, our shareholders’ equity was $113.1 million,” said Charles J. Schmaderer, AMCON’s Chief Financial Officer. Mr. Schmaderer also added, “We are presently in the process of integrating our recent acquisitions in order to optimize our customers’ growth initiatives in the various regions we serve.”
AMCON, and its subsidiaries Team Sledd, LLC and Henry’s Foods, Inc., is a leading Convenience and Foodservice Distributor of consumer products, including beverages, candy, tobacco, groceries, foodservice, frozen and refrigerated foods, automotive supplies and health and beauty care products serving thirty-four (34) states from fourteen (14) distribution centers in Colorado, Idaho, Illinois, Indiana, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee and West Virginia. Through its Healthy Edge Retail Group, AMCON operates fifteen (15) health and natural product retail stores in the Midwest and Florida.
This news release contains forward-looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. A number of factors could affect the future results of the Company and could cause those results to differ materially from those expressed in the Company's forward-looking statements including, without limitation, availability of sufficient cash resources to conduct its business and meet its capital expenditures needs and the other factors described under Item 1.A. of the Company’s Annual Report on Form 10-K. Moreover, past financial performance should not be considered a reliable indicator of future performance. Accordingly, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to all such forward-looking statements.
Visit AMCON Distributing Company's web site at: www.amcon.com
AMCON Distributing Company and Subsidiaries CONSOLIDATED BALANCE SHEETS | ||||||||
September | September | |||||||
2025 | 2024 | |||||||
ASSETS | ||||||||
Current assets: | ||||||||
Cash | $ | 744,613 | $ | 672,788 | ||||
Accounts receivable, less allowance for credit losses of $2.4 million at September 2025 and $2.3 million at September 2024 | 73,192,069 | 70,653,907 | ||||||
Inventories, net | 153,276,545 | 144,254,843 | ||||||
Income taxes receivable | 140,986 | 718,645 | ||||||
Prepaid expenses and other current assets | 12,150,645 | 12,765,088 | ||||||
Total current assets | 239,504,858 | 229,065,271 | ||||||
Property and equipment, net | 107,844,655 | 106,049,061 | ||||||
Operating lease right-of-use assets, net | 30,488,841 | 25,514,731 | ||||||
Goodwill | 5,778,325 | 5,778,325 | ||||||
Other intangible assets, net | 4,240,359 | 4,747,234 | ||||||
Other assets | 3,231,488 | 2,952,688 | ||||||
Total assets | $ | 391,088,526 | $ | 374,107,310 | ||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
Current liabilities: | ||||||||
Accounts payable | $ | 69,532,355 | $ | 54,498,225 | ||||
Accrued expenses | 15,459,406 | 15,802,727 | ||||||
Accrued wages, salaries and bonuses | 6,745,698 | 8,989,355 | ||||||
Current operating lease liabilities | 7,862,117 | 7,036,751 | ||||||
Current maturities of long-term debt | 5,471,310 | 5,202,443 | ||||||
Current mandatorily redeemable non-controlling interest | 7,020,895 | 1,703,604 | ||||||
Total current liabilities | 112,091,781 | 93,233,105 | ||||||
Credit facilities | 126,804,775 | 121,272,004 | ||||||
Deferred income tax liability, net | 4,048,070 | 4,374,316 | ||||||
Long-term operating lease liabilities | 22,845,456 | 18,770,001 | ||||||
Long-term debt, less current maturities | 11,033,949 | 16,562,908 | ||||||
Mandatorily redeemable non-controlling interest, less current portion | — | 6,507,896 | ||||||
Other long-term liabilities | 1,193,081 | 1,657,295 | ||||||
Shareholders’ equity: | ||||||||
Preferred stock, $.01 par value, 1,000,000 shares authorized | — | — | ||||||
Common stock, $.01 par value, 3,000,000 shares authorized, 635,609 shares outstanding at September 2025 and 630,362 shares outstanding at September 2024 | 9,799 | 9,648 | ||||||
Additional paid-in capital | 36,991,031 | 34,439,735 | ||||||
Retained earnings | 108,475,842 | 108,552,565 | ||||||
Treasury stock at cost | (32,405,258 | ) | (31,272,163 | ) | ||||
Total shareholders’ equity | 113,071,414 | 111,729,785 | ||||||
Total liabilities and shareholders’ equity | $ | 391,088,526 | $ | 374,107,310 |
AMCON Distributing Company and Subsidiaries CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||
Fiscal Years Ended September | ||||||||
2025 | 2024 | |||||||
Sales (including excise taxes of $561.9 million and $569.5 million, respectively) | $ | 2,816,688,287 | $ | 2,710,981,108 | ||||
Cost of sales | 2,628,458,039 | 2,528,626,652 | ||||||
Gross profit | 188,230,248 | 182,354,456 | ||||||
Selling, general and administrative expenses | 165,839,583 | 154,878,763 | ||||||
Depreciation and amortization | 9,835,200 | 9,495,179 | ||||||
175,674,783 | 164,373,942 | |||||||
Operating income | 12,555,465 | 17,980,514 | ||||||
Other expense (income): | ||||||||
Interest expense | 10,443,571 | 10,413,228 | ||||||
Change in fair value of mandatorily redeemable non-controlling interest | 877,409 | 1,040,968 | ||||||
Other (income), net | (329,254 | ) | (936,171 | ) | ||||
10,991,726 | 10,518,025 | |||||||
Income from operations before income taxes | 1,563,739 | 7,462,489 | ||||||
Income tax expense | 995,000 | 3,126,000 | ||||||
Net income available to common shareholders | $ | 568,739 | $ | 4,336,489 | ||||
Basic earnings per share available to common shareholders | $ | 0.93 | $ | 7.24 | ||||
Diluted earnings per share available to common shareholders | $ | 0.92 | $ | 7.15 | ||||
Basic weighted average shares outstanding | 613,188 | 599,020 | ||||||
Diluted weighted average shares outstanding | 616,486 | 606,782 | ||||||
Dividends paid per common share | $ | 1.00 | $ | 1.00 |
AMCON Distributing Company and Subsidiaries CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY | ||||||||||||||||||||||||||
Additional | ||||||||||||||||||||||||||
Common Stock | Treasury Stock | Paid-in | Retained | |||||||||||||||||||||||
Shares | Amount | Shares | Amount | Capital | Earnings | Total | ||||||||||||||||||||
Balance, October 1, 2023 | 943,272 | $ | 9,431 | (334,583 | ) | $ | (31,272,163 | ) | $ | 30,585,388 | $ | 104,846,438 | $ | 104,169,094 | ||||||||||||
Dividends on common stock, $1.00 per share | — | — | — | — | — | (630,362 | ) | (630,362 | ) | |||||||||||||||||
Compensation expense and issuance of stock in connection with equity-based awards | 21,673 | 217 | — | — | 3,854,347 | — | 3,854,564 | |||||||||||||||||||
Net income available to common shareholders | — | — | — | — | — | 4,336,489 | 4,336,489 | |||||||||||||||||||
Balance, September 30, 2024 | 964,945 | $ | 9,648 | (334,583 | ) | $ | (31,272,163 | ) | $ | 34,439,735 | $ | 108,552,565 | $ | 111,729,785 | ||||||||||||
Dividends on common stock, $1.00 per share | — | — | — | — | — | (645,462 | ) | (645,462 | ) | |||||||||||||||||
Compensation expense and issuance of stock in connection with equity-based awards | 15,100 | 151 | — | — | 2,551,296 | — | 2,551,447 | |||||||||||||||||||
Repurchase of common stock | — | — | (9,853 | ) | (1,133,095 | ) | — | — | (1,133,095 | ) | ||||||||||||||||
Net income available to common shareholders | — | — | — | — | — | 568,739 | 568,739 | |||||||||||||||||||
Balance, September 30, 2025 | 980,045 | $ | 9,799 | (344,436 | ) | $ | (32,405,258 | ) | $ | 36,991,031 | $ | 108,475,842 | $ | 113,071,414 |
AMCON Distributing Company and Subsidiaries CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||
September | September | |||||||
2025 | 2024 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net income available to common shareholders | $ | 568,739 | $ | 4,336,489 | ||||
Adjustments to reconcile net income available to common shareholders to net cash flows from (used in) operating activities: | ||||||||
Depreciation | 9,328,325 | 8,957,478 | ||||||
Amortization | 506,875 | 537,701 | ||||||
(Gain) loss on sales of property and equipment | (90,237 | ) | (177,467 | ) | ||||
Equity-based compensation | 2,551,447 | 2,489,781 | ||||||
Deferred income taxes | (326,246 | ) | (543,644 | ) | ||||
Provision for credit losses | 53,549 | (64,705 | ) | |||||
Inventory allowance | (320,305 | ) | 62,349 | |||||
Change in fair value of contingent consideration | (1,453,452 | ) | (124,992 | ) | ||||
Change in fair value of mandatorily redeemable non-controlling interest | 877,409 | 1,040,968 | ||||||
Changes in assets and liabilities, net of effects of business combinations: | ||||||||
Accounts receivable | (2,579,336 | ) | 5,900,380 | |||||
Inventories | (5,703,098 | ) | 29,003,285 | |||||
Prepaid and other current assets | 616,232 | 2,227,044 | ||||||
Other assets | (278,800 | ) | (38,193 | ) | ||||
Accounts payable | 16,009,694 | 11,397,485 | ||||||
Accrued expenses and accrued wages, salaries and bonuses | (1,949,997 | ) | 1,221,322 | |||||
Other long-term liabilities | 278,968 | 511,231 | ||||||
Income taxes payable and receivable | 577,659 | 1,135,839 | ||||||
Net cash flows from (used in) operating activities | 18,667,426 | 67,872,351 | ||||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Purchase of property and equipment | (9,003,396 | ) | (20,429,805 | ) | ||||
Proceeds from sales of property and equipment | 113,214 | 416,546 | ||||||
Acquisition of Arrowrock Supply | (6,131,527 | ) | — | |||||
Acquisition of Burklund | — | (15,464,397 | ) | |||||
Acquisition of Richmond Master | — | (6,631,039 | ) | |||||
Net cash flows from (used in) investing activities | (15,021,709 | ) | (42,108,695 | ) | ||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Borrowings under revolving credit facilities | 2,588,656,781 | 2,517,192,464 | ||||||
Repayments under revolving credit facilities | (2,583,124,010 | ) | (2,536,358,449 | ) | ||||
Principal payments on long-term debt | (5,260,092 | ) | (3,765,153 | ) | ||||
Repurchase of common stock | (1,133,095 | ) | — | |||||
Dividends on common stock | (645,462 | ) | (630,362 | ) | ||||
Redemption and distributions to non-controlling interest | (2,068,014 | ) | (2,320,299 | ) | ||||
Net cash flows from (used in) financing activities | (3,573,892 | ) | (25,881,799 | ) | ||||
Net change in cash | 71,825 | (118,143 | ) | |||||
Cash, beginning of period | 672,788 | 790,931 | ||||||
Cash, end of period | $ | 744,613 | $ | 672,788 | ||||
Supplemental disclosure of cash flow information: | ||||||||
Cash paid during the period for interest, net of amounts capitalized | $ | 10,522,689 | $ | 9,985,313 | ||||
Cash paid during the period for income taxes, net of refunds | 724,088 | 2,520,127 | ||||||
Supplemental disclosure of non-cash information: | ||||||||
Equipment acquisitions classified in accounts payable | $ | 41,384 | $ | 1,016,948 | ||||
Purchase of property financed with promissory note | — | 8,000,000 | ||||||
Portion of Burklund acquisition financed with promissory note | — | 3,900,000 | ||||||
Portion of Burklund acquisition financed with contingent consideration | — | 1,578,444 | ||||||
Issuance of common stock in connection with the vesting of
| — | 1,296,372 |
View source version on businesswire.com: https://www.businesswire.com/news/home/20251107907814/en/
Ämnen i artikeln
Försvarsboomen
.jpg&w=3840&q=75)
Analyser
.jpg&w=3840&q=75)
Försvarsboomen
Mest läst
Analyser
Senaste nytt
Marknadsöversikt
OMX Stockholm 30
1 DAG %
0,00%
Senast
2 725,35
1 mån
Loading market data...
