Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Builders FirstSource Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net income	2,749,369)	1,725,416)	313,537)	221,809)	205,191)
Depreciation and amortization	497,140)	547,352)	116,566)	100,038)	97,906)
Amortization of debt discount, premium and issuance costs	4,837)	3,869)	3,508)	3,880)	4,642)
(Gain) loss on extinguishment of debt	27,387)	3,027)	6,700)	8,189)	(3,170)
Deferred income taxes	(92,461)	(34,573)	16,614)	50,994)	51,823)
Stock-based compensation expense	31,337)	31,486)	17,022)	12,239)	14,420)
Bad debt expense	38,921)	20,451)	4,720)	—)	—)
Net gain on sales of assets and asset impairments	(1,965)	(32,421)	(1,067)	(949)	(1,393)
Receivables	381,223)	(474,362)	(251,632)	45,687)	(9,221)
Inventories	271,889)	(282,165)	(220,101)	44,202)	(5,425)
Contract assets	24,051)	(103,326)	(12,631)	(2,898)	—)
Other current assets	15,173)	(33,489)	(19,743)	4,674)	(10,356)
Other assets and liabilities	15,189)	(1,155)	50,370)	1,611)	5,637)
Accounts payable	(314,004)	191,885)	160,947)	4,070)	(89,392)
Accrued liabilities	(15,766)	91,419)	55,361)	7,004)	22,168)
Contract liabilities	(33,089)	90,135)	19,896)	3,496)	—)
Changes in assets and liabilities, net of assets acquired and liabilities assumed	344,666)	(521,058)	(217,533)	107,846)	(86,589)
Adjustments to reconcile net income to net cash provided by operating activities	849,862)	18,133)	(53,470)	282,237)	77,639)
Net cash provided by operating activities	3,599,231)	1,743,549)	260,067)	504,046)	282,830)
Cash used for acquisitions, net of cash acquired	(628,014)	(1,206,471)	(32,643)	(92,855)	—)
Proceeds from divestiture of business	—)	76,162)	—)	—)	—)
Purchases of property, plant and equipment	(340,152)	(227,891)	(112,082)	(112,870)	(101,411)
Proceeds from sale of property, plant and equipment	10,687)	13,560)	8,500)	6,545)	4,753)
Net cash used in investing activities	(957,479)	(1,344,640)	(136,225)	(199,180)	(96,658)
Borrowings under revolving credit facility	5,881,000)	3,125,000)	891,000)	1,040,000)	1,662,000)
Repayments under revolving credit facility	(6,205,000)	(2,612,000)	(843,000)	(1,192,000)	(1,833,000)
Proceeds from long-term debt and other loans	1,001,500)	1,000,000)	895,625)	478,375)	3,818)
Repayments of long-term debt and other loans	(616,222)	(554,677)	(618,542)	(610,834)	(65,312)
Payments of debt extinguishment costs	(20,672)	(4,950)	(22,686)	(2,301)	(134)
Payments of loan costs	(16,797)	(19,450)	(13,800)	(8,618)	—)
Exercise of stock options	589)	726)	1,424)	4,873)	3,945)
Repurchase of common stock	(2,628,308)	(1,714,761)	(4,153)	(10,392)	(4,895)
Net cash provided by (used in) financing activities	(2,603,910)	(780,112)	285,868)	(300,897)	(233,578)
Net change in cash and cash equivalents	37,842)	(381,203)	409,710)	3,969)	(47,406)
Cash and cash equivalents at beginning of period	42,603)	423,806)	14,096)	10,127)	57,533)
Cash and cash equivalents at end of period	80,445)	42,603)	423,806)	14,096)	10,127)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Builders FirstSource Inc. net cash provided by operating activities increased from 2020 to 2021 and from 2021 to 2022.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Builders FirstSource Inc. net cash used in investing activities decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Builders FirstSource Inc. net cash provided by (used in) financing activities decreased from 2020 to 2021 and from 2021 to 2022.

Builders FirstSource Inc. (NYSE:BLDR)

Cash Flow Statement