ARCBEST CORPORATION ARCB Cash Flow

Arcbest corporation (ARCB)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES
Net income
36,999	39,985	60,833	85,339	62,196	67,262	88,531	62,543	77,087	59,726	24,742	22,894	17,348	18,652	22,056	28,270	38,006	44,854	54,410	54,874	52,115	46,177	41,979	36,343	24,013	15,811	-2,464	-9,928	-2,965	-7,732	1,601	7,348	958	6,333	1,813	-11,037	-23,837	-32,421	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
110,722	108,099	105,776	104,427	104,171	104,114	103,418	101,607	99,624	98,530	98,598	98,233	98,908	98,814	97,531	95,323	92,120	89,040	86,399	84,960	83,544	81,870	80,389	79,841	81,475	84,215	87,160	89,437	88,323	85,493	82,313	77,741	75,144	73,742	71,995	71,440	71,004	71,565	0	0	0
Amortization of intangibles
4,220	4,367	4,492	4,506	4,515	4,521	4,528	4,531	4,536	4,538	4,584	4,524	4,388	4,239	3,982	3,770	3,841	4,002	4,189	4,433	4,457	4,352	4,286	4,224	4,174	4,174	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Pension settlement expense
-7,238	-8,505	-19,457	-13,474	-13,627	-12,925	-2,115	-2,540	-2,853	-4,156	-4,606	-4,466	-4,286	-3,229	-2,991	-2,950	-2,983	-3,202	-3,668	-3,711	-4,023	-6,595	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Share-based compensation expense
9,646	9,523	9,496	9,728	8,601	8,413	8,073	6,903	7,097	6,958	6,507	6,987	7,610	7,588	7,837	7,996	8,091	8,029	7,979	7,563	7,077	6,998	7,277	6,677	5,759	5,494	4,936	5,211	5,929	6,068	6,045	6,093	6,446	6,450	6,615	7,231	5,821	5,690	0	0	0
Provision for losses on accounts receivable
2,494	1,223	1,231	1,888	2,003	2,336	5,313	4,097	4,084	4,081	1,561	2,278	2,003	1,643	844	789	768	998	1,236	1,537	2,170	1,942	2,054	1,785	1,180	2,065	1,868	2,107	2,218	1,524	1,603	2,001	2,371	2,394	2,520	1,687	924	868	0	0	0
Change in deferred income taxes
3,180	5,411	12,274	17,814	4,037	1,872	-12,362	-23,718	-8,765	-10,213	1,169	-1,326	113	9,522	38,496	32,529	20,140	16,435	4,239	4,491	9,692	4,692	-12,006	-6,964	-5,104	-10,367	-12,334	-7,600	-14,814	-10,359	6,063	1,105	5,361	3,056	-11,537	-9,826	-13,095	-11,457	0	0	0
Gain on sale of property and equipment
7,334	5,247	1,255	1,362	-119	59	6	-171	-317	75	1,011	1,261	3,637	3,335	3,115	3,662	2,226	2,225	2,555	2,261	1,557	1,461	264	11	155	153	639	610	662	735	1,008	2,003	2,550	2,360	2,773	1,782	778	981	0	0	0
Changes in operating assets and liabilities:
Receivables
-13,663	-13,720	-27,949	-9,508	9,363	23,554	31,285	29,778	33,193	19,588	41,934	42,608	30,033	23,809	274	-16,578	-12,781	-2,310	593	8,564	8,526	26,892	28,867	32,471	33,582	24,200	7,049	5,224	8,519	-508	14,779	1,196	-9,248	6,067	20,860	37,110	47,320	32,211	0	0	0
Prepaid expenses
2,425	4,756	4,266	8,704	6,161	2,988	-986	-4,878	-2,523	64	2,538	3,136	2,569	1,393	883	2,135	1,947	-362	1,012	1,580	414	1,888	1,961	1,689	2,791	1,670	867	-344	116	-305	-691	578	886	1,105	436	419	123	-144	0	0	0
Other assets
-4,576	1,365	3,751	9,157	7,214	4,341	3,125	-887	-1,858	4,231	6,632	4,169	4,758	4,355	3,070	2,581	2,320	-1,090	-2,475	-2,756	-3,055	-889	539	2,200	1,761	1,015	5	-1,116	-93	-961	3,696	1,356	563	635	-243	2,005	1,593	1,568	0	0	0
Income taxes
-1,458	-8,720	-1,389	1,103	5,918	12,169	-1,649	5,422	999	-2,144	8,833	10,956	15,242	6,236	-20,630	-25,486	-16,703	-8,918	-7,658	-1,892	-10,788	-11,972	11,581	10,531	6,406	8,468	8,560	2,271	-711	2,630	-8,295	-2,671	1,991	-776	11,328	1,828	26,228	21,016	0	0	0
Operating right-of-use assets and lease liabilities, net
-550	-728	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Multiemployer pension fund withdrawal liability
-591	-584	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued expenses, and other liabilities
-11,130	-27,039	-11,015	5,085	17,198	52,020	43,787	42,300	23,061	10,393	14,392	5,424	-13,784	-11,335	-26,866	-26,116	-4,995	-10,048	-7,638	10,761	3,640	32,464	35,843	20,438	14,512	8,571	17,504	17,022	7,363	3,610	3,801	-5,917	13,511	18,695	17,984	20,317	8,193	5,464	0	0	0
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
196,864	170,364	219,781	216,254	220,201	255,347	229,123	220,153	181,929	151,915	118,969	109,506	101,361	111,940	118,899	128,225	150,539	149,131	145,139	160,789	148,488	143,766	145,454	123,215	99,928	93,504	102,677	98,294	79,443	84,534	76,682	81,892	112,083	100,852	76,692	40,191	25,608	26,287	0	0	0
INVESTING ACTIVITIES
Purchases of property, plant and equipment, net of financings
82,150	90,955	74,516	61,138	52,358	43,992	60,653	63,421	60,685	65,781	66,874	69,312	67,187	68,271	70,555	70,302	75,236	78,425	65,371	54,118	43,375	35,483	37,047	33,301	31,583	26,369	18,433	27,515	38,330	37,278	53,023	52,862	53,029	53,227	39,227	26,789	11,916	11,422	0	0	0
Proceeds from sale of property and equipment
17,143	13,490	6,087	5,980	4,245	4,256	3,611	3,602	3,637	4,279	5,093	5,305	8,061	8,804	9,820	10,199	8,097	6,639	6,342	6,377	5,159	4,928	3,038	2,005	2,098	2,194	3,128	5,135	5,924	6,397	6,510	6,384	7,765	7,062	8,164	6,573	4,682	5,879	0	0	0
Purchases of short-term investments
189,892	129,709	147,121	125,816	117,875	108,495	90,306	93,242	71,646	73,459	67,914	56,938	59,878	69,400	0	0	0	-	-	-	-	-	-	-	-	39,605	38,380	40,407	45,275	55,858	70,496	69,611	68,173	59,718	42,036	49,879	48,874	65,171	0	0	0
Proceeds from sale of short-term investments
127,621	120,409	99,550	77,383	57,451	58,698	71,740	79,424	73,962	73,842	70,120	66,817	72,452	74,167	0	0	0	-	-	-	-	-	-	-	-	32,718	57,425	57,089	60,485	60,730	53,838	60,425	65,240	64,995	56,744	75,953	80,458	119,744	0	0	0
Business acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,813	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalization of internally developed software
12,162	11,476	11,186	9,635	10,589	10,097	10,026	11,514	9,564	9,840	10,037	9,697	10,244	10,472	10,017	9,511	9,093	8,512	8,557	8,658	8,626	8,418	7,725	7,477	7,457	7,668	7,798	7,833	7,690	7,218	6,939	6,547	5,886	5,295	4,825	4,245	4,212	4,355	0	0	0
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,416	0	0	0
NET CASH USED IN INVESTING ACTIVITIES
-139,440	-98,241	-127,186	-108,546	-114,446	-94,950	-80,434	-82,661	-61,806	-68,469	-64,837	-86,022	-78,796	-87,172	-109,875	-104,000	-124,312	-125,643	-98,455	-79,366	-64,637	-51,598	-59,620	-47,572	-47,163	-42,876	-7,450	-16,923	-204,925	-213,266	-250,903	-243,004	-54,083	-46,183	-21,180	1,613	20,138	44,675	0	0	0
FINANCING ACTIVITIES
Borrowings under credit facilities
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under accounts receivable securitization program
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term debt
58,319	58,938	65,066	67,550	69,919	71,260	66,629	67,670	68,185	68,924	67,885	64,323	58,433	52,202	45,256	39,085	34,625	100,813	104,552	108,467	109,929	40,440	39,425	37,695	39,986	43,176	62,169	62,706	57,880	53,000	27,776	21,365	18,688	16,056	13,796	12,060	10,091	8,077	0	0	0
Net change in book overdrafts
-11,067	-2,722	-3,333	-1,248	310	262	-4,766	-912	-2,093	-502	1,947	-160	-57	-4,171	-2,165	-1,124	753	3,843	2,361	-2,638	-918	2,486	4,269	1,539	3,271	-37	-1,384	346	957	-7,190	-1,605	-496	-2,372	7,811	2,747	5,723	3,913	-8,918	0	0	0
Net change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,756	7,897	19,125	23,640	43,035	42,525	30,656	22,148	-1,032	-1,569	159	-965	-804	0	0	0
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	875	0	0	0	-	-	-	-	-	-	-	-	1,487	1,472	1,615	83	174	0	0	0	-	-	-	-
Payment of common stock dividends
8,168	8,187	8,213	8,230	8,238	8,244	8,233	8,236	8,256	8,264	8,276	8,287	8,296	8,318	8,346	7,850	7,341	6,837	6,384	5,629	4,867	4,102	3,273	3,255	3,245	3,233	3,225	3,227	3,229	3,219	3,209	3,200	3,189	3,180	3,169	3,157	3,137	3,126	0	0	0
Purchases of treasury stock
9,609	9,110	15,318	14,374	11,866	9,404	0	0	0	-	-	-	-	9,510	10,355	11,899	12,908	12,765	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for tax withheld on share-based compensation
1,343	1,291	3,253	3,232	2,093	2,135	278	665	2,995	3,270	3,347	3,062	1,829	1,682	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
156,342	-60,400	-86,193	-85,284	-92,008	-90,983	-80,287	-80,754	-78,686	-77,916	-76,455	-74,112	-75,523	-75,883	-70,699	-64,430	-57,462	-15,559	-14,420	-18,557	-13,557	-40,480	-34,063	-35,046	-32,108	-35,976	-58,957	-46,436	62,037	78,139	108,463	99,896	-6,268	-15,952	-17,919	-7,427	-8,208	-7,716	0	0	0
Proceeds from the exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,136	0	0	0	-	-	-	-	-	-	-	-	763	2,126	2,076	2,234	1,828	0	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
213,766	11,723	6,402	22,424	13,747	69,414	68,402	56,738	41,437	5,530	-22,323	-50,628	-52,958	-51,115	-61,675	-40,205	-31,235	7,929	32,264	62,866	70,294	51,688	51,771	40,597	20,657	14,652	36,270	34,935	-63,445	-50,593	-65,758	-61,216	51,732	38,717	37,593	34,377	37,538	63,246	0	0	0
NONCASH INVESTING ACTIVITIES
Equipment and other financings
-	-	-	-	-	94,016	94,138	59,984	83,597	84,170	83,289	86,191	82,113	83,366	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accruals for equipment received
-2,605	234	21,318	13,560	4,802	2,807	1,321	7,204	2,177	1,734	-8,143	-7,038	-7,649	397	2,989	2,390	9,071	748	-1,554	3,031	989	928	9,692	6,925	253	324	531	-6,847	-1,586	301	-4,805	2,396	253	338	0	0	0	-	-	-	-
Lease liabilities arising from obtaining right-of-use assets
24,987	32,761	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-