Daseke, inc. (DSKE)
CashFlow / TTM
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

-315,400

-307,400

-309,100

-33,600

-13,700

-5,200

53,702

51,552

33,946

27,000

0

0

0

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,510

0

0

0

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

119,500

132,200

139,900

138,600

128,300

114,400

102,691

87,931

78,627

70,200

64,635

62,098

61,028

61,499

0

0

0

-

-

-

Amortization of intangible assets

11,800

14,300

16,900

16,800

19,100

16,700

14,251

11,916

7,158

6,700

6,108

5,838

5,914

6,001

0

0

0

-

-

-

Amortization of deferred financing fees

3,900

3,500

3,100

3,000

2,900

2,900

2,670

2,407

2,189

1,800

1,743

1,577

1,385

1,347

0

0

0

-

-

-

Non-cash operating lease expense

23,500

27,200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of deferred financing fees

-

-

-

-

-

-

-

-

-

3,900

0

0

0

-

-

-

-

-

-

-

Stock-based compensation expense

3,700

3,800

3,800

3,700

3,700

3,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-61,700

-59,800

-64,100

-6,200

-21,200

-19,800

-64,651

-68,181

-50,829

-53,400

0

0

0

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

Bad debt expense

4,500

3,700

0

0

0

-

-

-

-

200

0

0

0

-

-

-

0

-

-

-

Non-cash interest expense

-

-

-

-

-

-

-

-

-

100

365

636

904

1,078

0

0

0

-

-

-

Gain on disposition of property and equipment

6,000

5,200

3,800

3,700

3,400

3,200

1,687

1,143

715

700

787

926

382

116

0

0

0

-

-

-

Gain on disposition of building

-

-

-

-

-

800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Deferred gain recognized on sales-type leases

-

-

-

-

-

2,400

2,607

2,461

1,744

1,400

1,012

748

744

751

0

0

0

-

-

-

Impairment

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Accounts receivable

-18,400

-8,200

-800

23,600

26,000

33,200

44,233

26,489

18,189

15,300

12,751

9,294

3,414

-8,660

0

0

0

-

-

-

Drivers’ advances and other receivables

0

2,600

0

0

0

-

-

-

-

-500

-416

-237

-659

405

0

0

0

-

-

-

Payments received on sales-type leases

-

-

-

-

-

-14,700

-12,526

-10,224

-7,901

-5,800

-4,651

-3,947

-3,748

-3,653

0

0

0

-

-

-

Prepaid and other current assets

7,700

1,800

-3,000

-1,900

0

4,200

12,561

10,133

5,840

3,400

0

0

0

-

-

-

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

Accounts payable

-7,100

-1,800

-1,500

-7,600

-3,100

-8,900

-8,524

-703

-716

300

1,296

-2,011

-760

-1,034

0

0

0

-

-

-

Accrued expenses and other liabilities

-16,900

-23,700

7,200

10,500

12,200

15,700

9,022

386

4,046

1,600

-2,204

-2,860

-5,370

-9,858

0

0

0

-

-

-

Decrease (Increase) in prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Increase in accounts payable, accrued liabilities and accrued franchise taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Increase in Trust income retained in Trust Account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash provided by operating activities

107,400

114,100

147,900

131,200

127,500

105,300

65,829

60,970

58,293

45,800

44,078

44,031

52,043

66,415

49,093

36,036

15,901

0

0

0

Cash flows from investing activities
Purchases of property and equipment

22,600

22,000

25,000

47,400

62,700

66,400

63,035

44,094

25,906

19,800

16,530

9,145

4,811

4,108

0

0

0

-

-

-

Proceeds from sale of property and equipment

39,000

37,800

34,600

31,100

25,000

26,300

16,048

14,548

10,245

5,800

6,734

4,879

4,764

5,906

0

0

0

-

-

-

Net cash provided by investing activities

16,400

15,800

9,700

-68,900

-169,400

-171,800

-367,454

-347,875

-295,461

-293,800

-100,929

-44,837

-47

1,798

0

0

0

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

Advances on line of credit

1,393,300

1,357,000

1,307,000

1,272,300

1,203,300

1,101,200

986,196

879,617

802,967

754,600

717,586

699,450

708,072

702,846

0

0

0

-

-

-

Repayments on line of credit

1,393,300

1,355,300

1,322,700

1,272,300

1,210,500

1,105,800

970,539

879,661

795,809

756,900

728,382

704,404

721,208

706,724

0

0

0

-

-

-

Principal payments on long-term debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt

-

-

-

-

-

-

0

0

31,500

-

245,148

254,399

276,906

72,987

0

0

0

-

-

-

Proceeds from Term Loan Facility

-

-

-

-

-

-

-

216,400

255,900

500,000

0

0

0

-

-

-

-

-

-

-

Proceeds from note payable and advances - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred financing fees

-

-

-

-

-

-

-

-

-

19,200

14,512

15,667

16,297

1,889

0

0

0

-

-

-

Pay off of subordinated debt

-

-

-

-

-

-

-

-

-

66,700

0

0

0

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

84,400

83,916

147,923

147,923

127,900

0

0

0

-

-

-

-

0

0

0

Repurchase of common stock

-

-

-

-

-

-

-

-

-

36,200

0

0

0

-

-

-

-

-

-

-

Series A convertible preferred stock dividends

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

Payment of deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in financing activities

-79,100

-79,600

-96,700

-78,300

-79,100

20,900

207,280

324,231

381,414

335,100

164,622

37,620

-20,220

-69,404

-50,506

163,225

185,783

0

0

0

Effect of exchange rates on cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

45,100

49,700

61,500

-15,000

-120,300

-44,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

31,776

-

-132

1,872

3,891

0

0

0

Supplemental disclosure of cash flow information
Cash paid for interest

45,900

46,700

47,300

46,100

44,800

42,700

38,784

30,972

31,430

28,700

0

0

0

-

-

-

-

-

-

-

Cash paid for income taxes

0

-

-

-

-

2,400

2,271

1,964

977

1,100

0

0

0

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

33,467

0

0

0

-

-

-

Property and equipment sold for notes receivable

-

400

800

900

900

800

588

730

935

600

1,272

805

953

452

0

0

0

-

-

-

Property and equipment transferred to sales-type lease

-

-

-

-

-

9,400

8,458

6,158

6,701

7,100

7,089

16,295

9,561

6,240

0

0

0

-

-

-

Sales-type lease returns to property and equipment

-

-

-

-

-

-

-

-

-

800

0

0

0

-

-

-

-

-

-

-

Sales-type lease assets sold for notes receivable

-

-

-

-

-

57,600

53,112

43,800

31,529

28,400

23,813

20,535

20,982

20,934

0

0

0

-

-

-

Sales-type lease returns to sales-type lease assets

-

-

-

-

-

32,900

29,905

28,243

25,009

19,700

18,553

17,029

17,148

16,784

0

0

0

-

-

-

Right-of-use assets acquired

50,200

39,200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Series A
Convertible preferred stock dividends

-

-

-

-

-

4,900

0

0

0

-

-

-

-

-

-

-

-

-

-

-