TopBuild Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 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, 2023

Accrued Liabilities.

Accrued Liabilities

12. ACCRUED LIABILITIES

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


	As of
	March 31, 2023		December 31, 2022
Accrued liabilities:
Salaries, wages, and bonus/commissions	$	52,742	$	75,901
Income taxes payable		40,740		2,134
Insurance liabilities		28,199		28,870
Customer rebates		11,169		21,561
Deferred revenue		20,738		21,940
Sales and property taxes		15,850		15,757
Interest payable on long-term debt		3,193		12,146
Other		20,716		21,061
Total accrued liabilities	$	193,347	$	199,370

See Note 3 – Revenue Recognition for discussion of our deferred revenue balances. Accrued income taxes payable increased compared to December 31, 2022, due to the timing of tax payments, which typically occur later in the year.