BrightView Holdings, Inc.
For the period ended Dec 31, 2024. Filed Feb 5, 2025.
View on SEC.govAbout this filing
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.
Dec 31, 2024 · Filed Feb 5, 2025
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
| Three Months Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net (loss) | $(10.4) | $(16.4) |
| Adjustments to reconcile net (loss) to net cash provided by operating activities: | ||
| Depreciation | 30.4 | 25.6 |
| Amortization of intangible assets | 8.1 | 10.1 |
| Amortization of financing costs and original issue discount | 0.5 | 0.7 |
| Deferred taxes | (4.2) | (6.7) |
| Equity-based compensation | 4.5 | 5.1 |
| Realized gain on hedges | (1.6) | (2.9) |
| Other non-cash activities | 1.4 | 1.9 |
| Change in operating assets and liabilities: | ||
| Accounts receivable | 20.7 | 21.0 |
| Unbilled and deferred revenue | 68.7 | 58.4 |
| Other operating assets | (9.9) | (9.9) |
| Accounts payable and other operating liabilities | (47.7) | (60.7) |
| Net cash provided by operating activities | 60.5 | 26.2 |
| Cash flows from investing activities: | ||
| Purchase of property and equipment | (58.7) | (10.1) |
| Proceeds from sale of property and equipment | 2.6 | 1.2 |
| Other investing activities | 0.8 | 0.3 |
| Net cash (used) by investing activities | (55.3) | (8.6) |
| Cash flows from financing activities: | ||
| Repayments of finance lease obligations | (10.7) | (7.5) |
| Repayments of receivables financing agreement | (8.4) | (9.5) |
| Proceeds from receivables financing agreement, net of issuance costs | 1.6 | 0.5 |
| Debt issuance and prepayment costs | — | (0.4) |
| Series A preferred stock dividend | (9.0) | — |
| Proceeds from issuance of common stock, net of share issuance costs | 1.5 | 0.2 |
| Repurchase of common stock and distributions | (5.1) | (2.5) |
| Contingent business acquisition payments | (0.2) | (1.0) |
| Decrease in book overdrafts | (17.0) | — |
| Other financing activities | — | 0.1 |
| Net cash (used) by financing activities | (47.3) | (20.1) |
| Net change in cash and cash equivalents | (42.1) | (2.5) |
| Cash and cash equivalents, beginning of period | 140.4 | 67.0 |
| Cash and cash equivalents, end of period | $98.3 | $64.5 |
| Supplemental Cash Flow Information: | ||
| Cash paid (received) for income taxes, net | $0.1 | $(0.2) |
| Cash paid for interest | $15.3 | $18.0 |
| Non-cash Series A Preferred Stock dividends | $— | $8.9 |
| Accrual for property and equipment | $26.3 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.