Daseke, inc. (DSKE)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15
Cash flows from operating activities
Net loss

-17,300

-18,400

-273,300

-6,400

-9,300

-20,100

2,200

13,500

-800

38,802

50

-4,106

-7,746

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,240

-206

-64

0

Adjustments to reconcile net loss to net cash provided by operating activities
Depreciation

24,500

25,100

34,100

35,800

37,200

32,800

32,800

25,500

23,300

21,091

18,040

16,196

14,873

15,526

15,503

15,126

15,344

-

-

-

Amortization of intangible assets

1,800

1,900

4,200

3,900

4,300

4,500

4,100

6,200

1,900

2,051

1,765

1,442

1,442

1,459

1,495

1,518

1,529

-

-

-

Amortization of deferred financing fees

1,100

1,100

900

800

700

700

800

700

700

470

537

482

311

413

371

290

273

-

-

-

Non-cash operating lease expense

2,900

7,500

6,400

6,700

6,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of deferred financing fees

-

-

-

-

-

-

-

-

-

17

0

0

3,883

-

-

-

-

-

-

-

Stock-based compensation expense

900

900

1,000

900

1,000

900

900

900

900

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-3,800

600

-57,800

-700

-1,900

-3,700

100

-15,700

-500

-48,551

-3,430

1,652

-3,071

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

408

406

-1,059

-

-

-

Bad debt expense

900

1,000

2,200

400

100

-

-

-

-

-147

126

176

45

-

-

-

71

-

-

-

Non-cash interest expense

-

-

-

-

-

-

-

-

-

8

0

0

92

273

271

268

266

-

-

-

Gain on disposition of property and equipment

1,200

3,100

1,000

700

400

1,700

900

400

200

187

356

-28

185

274

495

-572

-81

-

-

-

Gain on disposition of building

-

-

-

-

-

0

0

0

800

-

-

-

-

-

-

-

-

-

-

-

Deferred gain recognized on sales-type leases

-

-

-

-

-

400

600

900

500

607

454

183

156

219

190

179

163

-

-

-

Impairment

13,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Accounts receivable

-1,300

-31,700

1,600

13,000

8,900

-24,300

26,000

15,400

16,100

-13,267

8,256

7,100

13,211

-15,816

4,799

1,220

1,137

-

-

-

Drivers’ advances and other receivables

200

200

700

-1,100

2,800

-

-

-

-

47

-445

119

-221

131

-266

-303

843

-

-

-

Payments received on sales-type leases

-

-

-

-

-

-4,200

-4,000

-3,500

-3,000

-2,026

-1,698

-1,177

-899

-877

-994

-978

-804

-

-

-

Prepaid and other current assets

4,000

-500

2,100

2,100

-1,900

-5,300

3,200

4,000

2,300

3,061

772

-293

-140

-

-

-

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-34

-745

-2,745

-

-

-

Accounts payable

2,200

-3,600

400

-6,100

7,500

-3,300

-5,700

-1,600

1,700

-2,924

2,121

-1,613

2,716

-1,928

-1,186

-362

2,442

-

-

-

Accrued expenses and other liabilities

7,200

-28,100

6,100

-2,100

400

2,800

9,400

-400

3,900

-3,878

764

3,260

1,454

-7,682

108

750

-3,034

-

-

-

Decrease (Increase) in prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21

71

0

Increase in accounts payable, accrued liabilities and accrued franchise taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91

106

0

Increase in Trust income retained in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

79

-134

0

Net cash provided by operating activities

29,700

24,700

34,500

18,500

36,400

58,500

17,800

14,800

14,200

19,029

12,941

12,123

1,707

17,307

12,894

20,135

16,079

-15

-163

0

Cash flows from investing activities
Purchases of property and equipment

4,500

4,600

5,300

8,200

3,900

7,600

27,700

23,500

7,600

4,235

8,759

5,312

1,494

965

1,374

978

791

-

-

-

Proceeds from sale of property and equipment

5,800

14,000

7,300

11,900

4,600

10,800

3,800

5,800

5,900

548

2,300

1,497

1,455

1,482

445

1,382

2,597

-

-

-

Net cash provided by investing activities

1,300

9,400

2,000

3,700

700

3,300

-76,600

-96,800

-1,700

-192,354

-57,021

-44,386

-39

517

-929

404

1,806

-

-

-

Cash flows from financing activities:
Checks outstanding in excess of bank balances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,198

0

-881

-

-

-

Advances on line of credit

351,000

376,200

341,600

324,500

314,700

326,200

306,900

255,500

212,600

211,196

200,321

178,850

164,233

174,182

182,185

187,472

159,007

-

-

-

Repayments on line of credit

352,700

374,500

341,600

324,500

314,700

341,900

291,200

262,700

210,000

206,639

200,322

178,848

171,091

178,121

176,344

195,652

156,607

-

-

-

Principal payments on long-term debt

17,100

-

-

-

19,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt

-

-

-

-

-

-

15,800

12,800

12,400

-

7,230

4,181

220,406

13,331

16,481

26,688

16,487

-

-

-

Proceeds from Term Loan Facility

-

-

-

-

-

-

-

0

5,900

150,000

60,500

39,500

250,000

-

-

-

-

-

-

-

Proceeds from note payable and advances - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

113

125

Deferred financing fees

-

-

-

-

-

-

-

-

-

4,789

145

37

14,229

101

1,300

667

-179

-

-

-

Pay off of subordinated debt

-

-

-

-

-

-

-

-

-

-15

0

0

66,715

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

200

-400

0

84,600

-284

63,607

0

64,577

-

-

-

-

0

0

25

Repurchase of common stock

-

-

-

-

-

-

-

-

-

32

0

0

36,168

-

-

-

-

-

-

-

Series A convertible preferred stock dividends

1,200

-

-

-

1,200

-

-

-

-

-

-

-

-

-

-

1,210

1,209

-

-

-

Payment of deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149

Net cash used in financing activities

-20,000

-17,700

-20,300

-21,100

-20,500

-34,800

-1,900

-21,900

79,500

151,580

115,051

35,283

33,186

-18,898

-11,951

-22,557

-15,998

0

201,780

1

Effect of exchange rates on cash and cash equivalents

800

-

-

-

-200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

11,800

16,100

15,900

1,300

16,400

27,900

-60,600

-104,000

92,000

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

34,854

-

14

-2,018

1,887

-15

2,018

1

Supplemental disclosure of cash flow information
Cash paid for interest

10,900

11,100

12,200

11,700

11,700

11,700

11,000

10,400

9,600

7,784

3,188

10,858

6,870

-

-

-

-

-

-

-

Cash paid for income taxes

200

-

-

-

-

600

500

1,200

100

471

193

213

223

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,562

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

-

-

-

Noncash investing and financing activities
Property and equipment acquired with debt or capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

950

9,620

15,195

7,702

-

-

-

Property and equipment sold for notes receivable

-

0

100

-100

400

400

200

-100

300

188

342

105

-35

860

-125

253

-536

-

-

-

Property and equipment transferred to sales-type lease

-

-

-

-

-

1,000

4,500

2,600

1,300

58

2,200

3,143

1,699

47

11,406

-3,591

-1,622

-

-

-

Sales-type lease returns to property and equipment

-

-

-

-

-

-

-

-

-

76

79

0

645

-

-

-

-

-

-

-

Sales-type lease assets sold for notes receivable

-

-

-

-

-

11,400

18,100

18,900

9,200

6,912

8,788

6,629

6,071

2,325

5,510

7,076

6,023

-

-

-

Sales-type lease returns to sales-type lease assets

-

-

-

-

-

8,900

8,500

6,700

8,800

5,905

6,838

3,466

3,491

4,758

5,314

3,585

3,127

-

-

-

Right-of-use assets acquired

19,100

5,700

7,800

17,600

8,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

Series A
Convertible preferred stock dividends

-

-

-

-

-

1,200

1,200

1,300

1,200

-

-

-

-

-

-

-

-

-

-

-