Echo global logistics, inc. (ECHO)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities
Net (loss) income

-2,933

1,439

4,843

5,067

3,497

6,935

9,383

7,678

4,727

13,349

2,391

-245

-2,872

-2,965

2,362

1,930

262

1,740

3,458

-681

3,327

4,655

5,457

4,244

2,429

2,741

4,362

4,122

2,976

3,320

2,286

3,402

3,311

3,531

3,379

2,895

2,241

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Deferred income taxes

1,038

-7,153

-418

612

2,176

-9,656

-411

682

2,261

2,649

263

205

1,049

-6,888

589

2,219

-69

1,719

-785

-2,921

1,992

-543

-276

-381

471

-645

-433

72

374

2,491

-1,737

269

174

137

-195

-334

387

Noncash stock compensation expense

4,608

2,432

2,532

2,424

2,806

2,198

2,354

2,222

2,515

1,909

2,032

2,426

2,655

1,975

2,048

3,793

5,316

4,812

4,706

2,613

1,891

1,053

938

1,105

1,308

702

769

794

1,071

586

600

565

973

544

294

252

251

Noncash interest expense

1,491

1,583

1,560

2,208

1,994

2,715

2,151

2,121

2,090

2,060

2,031

2,001

1,973

1,944

1,917

1,889

1,862

1,836

1,766

1,264

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in contingent consideration due to seller

30

507

53

200

290

260

50

50

50

401

304

260

105

-10

50

-0

-152

55

-18

260

-95

55

799

1,081

224

-343

30

-344

758

-573

-2

118

327

-493

127

10

108

Change in contingent consideration due from seller

-

-

-

-

-

-

-

-

-

0

0

65

14

26

0

-32

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

0

0

-14

1

-409

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

9,792

9,532

9,594

9,793

9,468

9,470

9,229

9,034

8,905

8,589

8,125

7,976

8,038

8,467

8,543

7,598

7,529

7,570

7,448

5,251

3,873

3,815

3,693

3,410

2,956

2,696

2,660

2,612

2,595

2,658

2,264

2,186

2,029

2,177

2,174

2,030

1,948

Change in assets:
Accounts receivable

48,384

-27,795

-6,896

-13,269

-2,509

-47,633

-11,210

47,573

23,970

13,960

28,089

35,010

1,244

-14,494

17,261

19,672

12,570

-30,044

1,367

10,773

5,395

-17,902

6,486

16,242

19,192

-5,157

2,481

6,349

7,280

-9,788

348

11,047

-56

3,182

3,714

8,088

8,901

Income taxes (payable) receivable

-425

-2,546

687

-1,038

3,366

-1,732

3,529

854

-109

5,729

165

-356

-2,680

-3,596

-2,571

-1,869

-497

-2,501

1,208

2,330

-2,500

-3,288

-196

2,036

817

-2,109

2,388

-322

-589

-1,453

1,629

-1,577

1,335

-109

-117

-38

-495

Prepaid expenses and other assets

-885

314

1,286

1,541

-2,441

1,360

-275

3,020

387

-5,182

4,335

80

-673

5,112

1,125

-297

-413

579

-658

1,178

-648

2,614

-571

775

-417

2,281

-1,215

-365

-648

-17

-1,200

-556

-536

-1,148

-1,460

-177

-827

Change in liabilities:
Accounts payable

49,417

-23,343

-9,028

920

2,865

-36,292

-16,000

40,975

22,542

-4,745

21,614

30,293

10,894

-10,295

12,539

16,739

12,417

-25,755

-4,261

23,397

12,365

-18,015

1,263

7,706

20,505

-6,439

1,120

3,191

6,841

-5,392

-1,899

5,932

-3,403

2,424

2,961

2,607

7,160

Accrued expenses and other liabilities

-5,852

-3,265

1,660

-4,786

-6,237

-3,184

6,558

3,974

-565

-5,329

11,343

3,842

-4,467

-2,068

14,615

6,097

-162

-891

5,315

5,674

-6,676

832

2,910

5,998

253

2,319

1,181

543

-1,152

-190

908

1,054

-261

120

283

529

-784

Payments of contingent consideration in excess of costs over estimated earnings

0

0

0

0

1,097

0

0

0

375

0

-245

0

245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

9,668

16,234

17,092

27,130

24,076

31,236

28,329

16,996

17,684

7,501

16,090

11,260

13,865

4,624

21,706

19,055

14,349

18,039

18,129

25,238

9,428

5,313

8,675

8,181

10,191

3,061

10,813

4,685

6,243

9,742

7,396

1,223

4,425

6,804

6,399

19

2,525

Investing activities
Purchases of property and equipment

5,101

5,072

5,688

6,784

6,382

4,601

6,269

5,619

7,612

5,984

5,196

5,504

4,045

9,639

24,420

8,516

4,311

4,737

3,427

3,788

2,790

2,754

4,007

4,075

4,316

2,299

2,663

2,070

2,205

2,026

2,545

2,098

2,189

1,474

1,651

1,468

1,778

Payments for acquisitions, net of cash acquired

0

0

0

0

33

0

6,720

0

0

-

-

-

-

-

-

-

-

-142

0

384,668

5,869

0

720

19,262

13,785

0

0

0

1,958

12,823

2,644

957

0

2,152

1,706

0

1,113

Net cash used in investing activities

-5,101

-5,072

-5,689

-6,783

-6,415

-4,601

-12,989

-6,619

-7,612

-5,984

-5,196

-5,504

-4,045

-9,639

-24,420

-8,516

-4,311

-4,595

-3,427

-388,456

-8,660

-2,754

-4,728

-23,338

-18,101

-2,299

-2,663

-2,070

-4,163

-14,849

-5,189

-3,055

-2,189

-3,627

-3,258

-1,568

-2,891

Financing activities
Payments of contingent consideration due to seller

0

0

953

0

253

0

0

550

0

0

245

320

130

0

187

0

2,086

0

0

280

2,665

1,585

1,750

280

1,244

1,585

1,750

280

0

2,287

1,445

280

1,157

305

520

280

200

Tax benefit of stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

427

937

12

283

538

296

266

1,121

1,197

161

10

126

4

37

102

315

731

-73

357

76

1

15

89

47

Proceeds from exercise of stock options

381

0

0

0

37

41

628

2,322

1,239

1,027

374

126

12

402

701

18

34

40

150

93

773

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Employee tax withholdings related to net share settlements of equity-based awards

1,541

49

55

49

1,978

223

82

96

2,222

241

22

288

1,242

189

51

2,744

1,882

289

8

47

1,576

244

18

1

852

24

73

0

734

0

5

186

0

-

-

-

-

Purchases of treasury stock

10,349

2,906

0

15,737

10,371

9,497

0

0

0

0

9,818

10,000

851

13,188

4,589

11,979

19,390

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of Convertible Notes

88,961

0

0

26,132

7,783

37,217

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowing on ABL facility

100,000

-

10,000

15,000

0

-

0

0

12,000

-

24,000

25,000

7,000

-

-

-

-

0

0

5,000

29,782

0

0

5,000

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of amounts borrowed on ABL facility

-

-

-

-

-

-

0

0

12,000

-

24,000

25,000

7,000

-

-

-

-

0

0

5,000

29,782

0

0

5,000

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowing on ABL facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

6,000

5,000

0

35,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of amounts borrowed on ABL facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

6,000

5,000

30,000

5,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of common stock, net of underwriting discounts and commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-17

17

-

91

381

648

296

187

1,116

117

7

18

194

577

Payment to former owners of One Stop Logistics

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,725

13,782

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Long-term Capital Lease Obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8

8

7

19

42

52

60

64

38

80

79

Net cash used in financing activities

-470

-2,954

-1,009

-41,918

-20,348

-46,896

546

1,677

-984

787

-9,712

-9,981

-2,211

-12,549

-3,189

-13,942

-23,041

289

-29,561

403,685

-16,130

-118

-1,210

-120

-1,953

-1,595

-1,702

195

221

-1,278

-1,379

954

-1,024

-360

-523

-76

345

Increase (Decrease) in cash and cash equivalents

4,097

8,207

10,396

-21,573

-2,686

-20,262

15,887

12,053

9,088

2,303

1,181

-4,224

7,609

-17,564

-5,903

-3,404

-13,003

13,734

-14,859

40,466

-15,361

2,440

2,736

-15,277

-9,863

-834

6,447

2,811

2,301

-6,386

827

-877

1,210

2,816

2,617

-1,625

-19

Supplemental disclosure of cash flow information
Cash paid during the period for interest

1,156

2,258

268

2,606

298

3,121

191

3,075

207

3,151

255

3,098

216

3,119

206

3,586

0

3,010

274

2,127

37

38

40

26

0

0

0

0

0

1

1

2

3

2

6

5

6

Cash paid during the year for income taxes

-

-

-

-

-

-

-

-

-

0

0

157

102

291

1,143

1,228

436

1,205

1

542

1,324

4,149

3,713

956

81

3,160

682

2,686

1,662

2,946

1,633

3,123

335

1,587

2,393

1,985

1,372

Cash received during the period for income taxes refunded

0

15

0

0

3,348

60

0

0

129

6,659

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability for purchases of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of due to seller obligation at acquisition date

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,500

0

0

0

880

0

0

0

0

-

-

-

-

740

2,353

0

1,515

Liability for purchases of treasury stock not yet settled

0

-

-

-

257

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-