TopBuild Corp. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Accounting Policies (Policies)
Notes Tables
Notes Details

Accrued Liabilities

Accrued Liabilities

3 Months Ended

Mar. 31, 2025

Accrued Liabilities.

Accrued Liabilities

13. ACCRUED LIABILITIES

The following table sets forth the components of accrued liabilities, in thousands:


	As of
	March 31, 2025		December 31, 2024
Accrued liabilities:
Salaries, wages, and bonus/commissions	$	52,685	$	64,713
Income tax payable		33,978		3,240
Short-term portion of insurance reserves		31,086		31,013
Deferred revenue		16,997		18,651
Sales and property taxes		14,284		13,884
Excise taxes		11,600		9,444
Customer rebates		6,560		17,898
Interest payable on long-term debt		3,516		12,307
Other		22,893		20,636
Total accrued liabilities	$	193,599	$	191,786

See Note 3 – Revenue Recognition for discussion of our deferred revenue balances. Accrued income taxes payable increased compared to December 31, 2024, due to the timing of tax payments, which typically occur later in the year.