Legence Corp. (LGN) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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Legence Corp. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Accounts payable → operating reconciliation: $79,153,000.00Stock-based compensation → operating reconciliation: $59,826,000.00Amortization of intangible assets → operating reconciliation: $33,400,000.00Goodwill impairment → operating reconciliation: $21,586,000.00Long-lived asset impairment → operating reconciliation: $19,491,000.00Accrued compensation and benefits → operating reconciliation: $18,672,000.00Compensation expense - Performance Interests → operating reconciliation: $11,791,000.00Depreciation of property and equipment → operating reconciliation: $10,790,000.00Accrued and other current liabilities → operating reconciliation: $7,764,000.00Operating lease right-of-use asset lease expense → operating reconciliation: $7,536,000.00Other long-term assets and liabilities → operating reconciliation: $1,034,000.00Other → operating reconciliation: $724,000.00Amortization of debt issuance costs and discounts → operating reconciliation: $434,000.00operating reconciliation → Net cash from operating activities: $74,382,000.00operating reconciliation → Net loss: $34,564,000.00operating reconciliation → Accounts receivable, net: $91,853,000.00operating reconciliation → Contract assets: $27,985,000.00operating reconciliation → Contract liabilities: $27,720,000.00operating reconciliation → Deferred taxes: $7,326,000.00operating reconciliation → Operating lease liabilities, current and long-term: $6,898,000.00operating reconciliation → Prepaid expenses and other current assets: $1,385,000.00operating reconciliation → Equity in earnings of joint venture: $88,000.00Proceeds from sale of property and equipment → investing reconciliation: $87,000.00Consideration paid for acquisitions, net of cash acquired → investing reconciliation: $37,000.00investing reconciliation → Purchases of property and equipment: $24,045,000.00Net cash used in financing activities → financing reconciliation: $3,101,000.00Remaining financing cash flows, net (calculated) → financing reconciliation: $2,323,000.00financing reconciliation → Term loan payments: $2,489,000.00financing reconciliation → Finance lease payments: $1,567,000.00financing reconciliation → Notes payable payments: $1,368,000.00Net cash used in investing activities → investing reconciliation: $23,921,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations → Cash sources and uses: $244,620,000.00Net cash from operating activities → Cash sources and uses: $74,382,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $291,980,000.00Cash sources and uses → Net cash used in investing activities: $23,921,000.00Cash sources and uses → Net cash used in financing activities: $3,101,000.00Net loss: -$34,564,000.00Net loss−$34.56 MLong-lived asset impairment: $19,491,000.00Long-lived asset impairment+$19.49 MGoodwill impairment: $21,586,000.00Goodwill impairment+$21.59 MAmortization of intangible assets: $33,400,000.00Intangible amortization+$33.40 MDepreciation of property and equipment: $10,790,000.00Depreciation expense+$10.79 MAmortization of debt issuance costs and discounts: $434,000.00Debt cost amortization+$434.00 KStock-based compensation: $59,826,000.00Stock-based compensation+$59.83 MCompensation expense - Performance Interests: $11,791,000.00Performance interest expense+$11.79 MDeferred taxes: -$7,326,000.00Deferred income taxes−$7.33 MEquity in earnings of joint venture: -$88,000.00Equity-method results−$88.00 KOperating lease right-of-use asset lease expense: $7,536,000.00Operating lease amortization+$7.54 MOther: $724,000.00Other non-cash items+$724.00 KAccounts receivable, net: -$91,853,000.00Accounts receivable−$91.85 MContract assets: -$27,985,000.00Contract assets−$27.99 MPrepaid expenses and other current assets: -$1,385,000.00Prepaid & other assets−$1.39 MAccounts payable: $79,153,000.00Trade payables+$79.15 MAccrued compensation and benefits: $18,672,000.00Accrued compensation+$18.67 MAccrued and other current liabilities: $7,764,000.00Accrued & other liabilities+$7.76 MContract liabilities: -$27,720,000.00Deferred revenue−$27.72 MOperating lease liabilities, current and long-term: -$6,898,000.00Operating lease liabilities−$6.90 MOther long-term assets and liabilities: $1,034,000.00Other working capital, net+$1.03 MNet cash from operating activities: $74,382,000.00Operating cash+$74.38 Moperating reconciliation: $272,201,000.00Term loan borrowings (including $15,000 and $2,495 in 2026 and 2025, respectively, from related parties): $0.00Term loan payments: -$2,489,000.00Secured debt repaid−$2.49 MRevolver borrowings: $0.00Revolver payments: -$0.00Notes payable payments: -$1,368,000.00Notes payable repaid−$1.37 MFinance lease payments: -$1,567,000.00Finance lease payments−$1.57 MPayments for deferred offering costs: -$0.00Remaining financing cash flows, net (calculated): $2,323,000.00Remaining financing (calculated)+$2.32 MNet cash used in financing activities: -$3,101,000.00. Cash required to fund net payments.Financing cash−$3.10 Mfinancing reconciliation: $5,424,000.00Purchases of property and equipment: -$24,045,000.00PP&E purchases−$24.05 MConsideration paid for acquisitions, net of cash acquired: $37,000.00Acquisitions, net of cash+$37.00 KProceeds from sale of property and equipment: $87,000.00PP&E sales+$87.00 KNet cash used in investing activities: -$23,921,000.00. Cash required to fund net payments.Investing cash−$23.92 Minvesting reconciliation: $24,045,000.00Cash sources and uses: $319,002,000.00Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $244,620,000.00Beginning cash$244.62 MEnding cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations: $291,980,000.00Ending cash$291.98 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsNet loss −$34.56M + net operating adjustments $108.95M = operating cash +$74.38MFree cash flow$50.34 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change+$47.36 MEnding cash − beginning cash
Chart details

Legence Corp. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
244,620,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Operating activities
74,382,000 US dollars. Net cash provided.
Net loss
negative 34,564,000 US dollars
Long-lived asset impairment
19,491,000 US dollars
Goodwill impairment
21,586,000 US dollars
Amortization of intangible assets
33,400,000 US dollars
Depreciation of property and equipment
10,790,000 US dollars
Amortization of debt issuance costs and discounts
434,000 US dollars
Stock-based compensation
59,826,000 US dollars
Compensation expense - Performance Interests
11,791,000 US dollars
Deferred taxes
negative 7,326,000 US dollars
Equity in earnings of joint venture
negative 88,000 US dollars
Operating lease right-of-use asset lease expense
7,536,000 US dollars
Other
724,000 US dollars
Accounts receivable, net
negative 91,853,000 US dollars
Contract assets
negative 27,985,000 US dollars
Prepaid expenses and other current assets
negative 1,385,000 US dollars
Accounts payable
79,153,000 US dollars
Accrued compensation and benefits
18,672,000 US dollars
Accrued and other current liabilities
7,764,000 US dollars
Contract liabilities
negative 27,720,000 US dollars
Operating lease liabilities, current and long-term
negative 6,898,000 US dollars
Other long-term assets and liabilities
1,034,000 US dollars
Investing activities
negative 23,921,000 US dollars. Net cash used.
Purchases of property and equipment
negative 24,045,000 US dollars
Consideration paid for acquisitions, net of cash acquired
37,000 US dollars
Proceeds from sale of property and equipment
87,000 US dollars
Financing activities
negative 3,101,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the financing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Debt issuance costs), so Other cannot be separated for this quarter. It may combine inflows and outflows.
Term loan borrowings (including $15,000 and $2,495 in 2026 and 2025, respectively, from related parties)
0 US dollars
Term loan payments
negative 2,489,000 US dollars
Revolver borrowings
0 US dollars
Revolver payments
0 US dollars
Notes payable payments
negative 1,368,000 US dollars
Finance lease payments
negative 1,567,000 US dollars
Payments for deferred offering costs
0 US dollars
Remaining financing cash flows, net (calculated)
2,323,000 US dollars
Operating adjustment reconciliation
272,201,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing displayed reconciliation
5,424,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
investing gross reconciliation
24,045,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
291,980,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash, including disposal groups and discontinued operations
Cash sources and uses
319,002,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
47,360,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
74,382,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
24,045,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
50,337,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$34.56M + net operating adjustments $108.95M = operating cash +$74.38M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 74,382,000 US dollars minus 24,045,000 US dollars equals 50,337,000 US dollars.
Legence Corp. (LGN) FY2026 Q2 Statement of Cash Flows Sankey chart
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