BrightView Holdings Inc
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
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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.
Jun 30, 2024 · Filed Jul 31, 2024
BV$11.43-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Nine Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $40.8 | $(24.1) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation | 79.8 | 80.9 |
| Amortization of intangible assets | 27.4 | 33.7 |
| Amortization of financing costs and original issue discount | 2.0 | 2.7 |
| Loss on debt extinguishment | 0.6 | — |
| Deferred taxes | (10.1) | (23.0) |
| Equity-based compensation | 15.1 | 15.7 |
| Realized gain on hedges | (8.5) | (6.9) |
| Gain on divestiture | (44.0) | — |
| Other non-cash activities | (6.0) | 0.1 |
| Change in operating assets and liabilities: | ||
| Accounts receivable | (9.9) | (53.3) |
| Unbilled and deferred revenue | 47.1 | 11.0 |
| Other operating assets | 21.4 | 17.3 |
| Accounts payable and other operating liabilities | (3.6) | 35.2 |
| Net cash provided by operating activities | 152.1 | 89.3 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (46.0) | (57.9) |
| Proceeds from sale of property and equipment | 14.1 | 6.8 |
| Business acquisitions, net of cash acquired | — | (13.8) |
| Proceeds from divestiture | 51.6 | — |
| Other investing activities | 3.2 | 1.9 |
| Net cash provided (used) by investing activities | 22.9 | (63.0) |
| Cash flows from financing activities: | ||
| Repayments of finance lease obligations | (26.4) | (20.9) |
| Repayments of term loan | — | (9.0) |
| Repayments of receivables financing agreement | (82.2) | (448.0) |
| Repayments of revolving credit facility | — | (33.5) |
| Proceeds from receivables financing agreement, net of issuance costs | 0.5 | 460.0 |
| Proceeds from revolving credit facility | — | 33.5 |
| Debt issuance and prepayment costs | (2.4) | — |
| Series A preferred stock dividend | (8.9) | — |
| Proceeds from issuance of common stock, net of share issuance costs | 1.3 | 1.0 |
| Repurchase of common stock and distributions | (3.1) | (1.3) |
| Contingent business acquisition payments | (4.7) | (18.5) |
| Other financing activities | (0.2) | (0.1) |
| Net cash (used) by financing activities | (126.1) | (36.8) |
| Net change in cash and cash equivalents | 48.9 | (10.5) |
| Cash and cash equivalents, beginning of period | 67.0 | 20.1 |
| Cash and cash equivalents, end of period | $115.9 | $9.6 |
| Supplemental Cash Flow Information: | ||
| Cash paid (received) for income taxes, net | $14.8 | $(18.4) |
| Cash paid for interest | $61.9 | $62.9 |
| Non-cash Series A Preferred Stock dividends | $8.9 | $— |
| Accrual for property and equipment | $21.3 | $— |
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