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
Uncategorized
- Pay vs Performance Disclosure
- Insider Trading Arrangements

Accrued Liabilities

Accrued Liabilities

3 Months Ended

Mar. 31, 2024

Accrued Liabilities.

Accrued Liabilities

12. ACCRUED LIABILITIES

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


	As of
	March 31, 2024		December 31, 2023
Accrued liabilities:
Salaries, wages, and bonus/commissions	$	53,145	$	67,471
Income tax payable		46,554		389
Insurance liabilities		31,197		29,920
Sales and property taxes		15,986		17,002
Deferred revenue		15,716		18,365
Customer rebates		12,177		17,326
Interest payable on long-term debt		3,357		12,139
Other		23,270		24,605
Total accrued liabilities	$	201,402	$	187,217

See Note 3 – Revenue Recognition for discussion of our deferred revenue balances. Accrued income taxes payable increased significantly compared to December 31, 2023 due to timing of tax payments, which typically occur later in the year.