Echo global logistics, inc. (ECHO)
CashFlow / TTM
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

8,416

14,846

20,342

24,882

27,493

28,723

35,137

28,145

20,222

12,623

-3,691

-3,720

-1,544

1,590

6,296

7,392

4,780

7,845

10,760

12,759

17,685

16,787

14,872

13,777

13,655

14,202

14,782

12,706

11,986

12,321

12,532

13,626

13,118

12,048

0

0

0

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

-5,921

-4,783

-7,286

-7,279

-7,209

-7,124

5,181

5,855

5,378

4,166

-5,371

-5,045

-3,030

-4,149

4,459

3,084

-2,056

5

-2,258

-1,749

791

-729

-831

-989

-536

-632

2,504

1,201

1,398

1,198

-1,155

385

-218

-5

0

0

0

Noncash stock compensation expense

11,996

10,194

9,960

9,782

9,580

9,289

9,000

8,678

8,882

9,022

9,088

9,105

10,472

13,134

15,971

18,628

17,449

14,023

10,265

6,496

4,988

4,405

4,053

3,885

3,575

3,338

3,223

3,054

2,825

2,726

2,684

2,378

2,065

1,343

0

0

0

Noncash interest expense

6,842

7,345

8,477

9,068

8,981

9,077

8,422

8,302

8,182

8,065

7,949

7,835

7,724

7,614

7,505

7,355

6,730

4,867

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in contingent consideration due to seller

790

1,050

803

800

650

410

551

805

1,015

1,070

658

404

144

-113

-47

-116

145

201

201

1,019

1,840

2,160

1,761

992

-433

101

-128

-161

301

-129

-49

79

-27

-246

0

0

0

Change in contingent consideration due from seller

-

-

-

-

-

-

-

-

-

79

105

106

9

-5

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-13

-422

-422

-408

-409

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

38,711

38,387

38,325

37,960

37,201

36,638

35,757

34,653

33,595

32,728

32,606

33,024

32,646

32,138

31,241

30,146

27,798

24,142

20,388

16,633

14,793

13,876

12,756

11,723

10,925

10,564

10,527

10,131

9,705

9,139

8,657

8,567

8,411

8,329

0

0

0

Change in assets:
Accounts receivable

424

-50,469

-70,307

-74,621

-13,779

12,700

74,293

113,592

101,029

78,303

49,848

39,021

23,683

35,010

19,459

3,565

-5,333

-12,508

-366

4,752

10,222

24,018

36,763

32,759

22,866

10,955

6,323

4,190

8,888

1,550

14,521

17,887

14,928

23,887

0

0

0

Income taxes (payable) receivable

-3,322

469

1,283

4,125

6,017

2,542

10,003

6,639

5,429

2,858

-6,467

-9,203

-10,716

-8,534

-7,439

-3,660

539

-1,464

-2,250

-3,655

-3,949

-631

547

3,132

773

-633

22

-736

-1,992

-67

1,276

-469

1,069

-761

0

0

0

Prepaid expenses and other assets

2,256

700

1,746

185

1,664

4,492

-2,050

2,560

-380

-1,440

8,854

5,645

5,268

5,528

994

-789

685

450

2,485

2,573

2,170

2,401

2,068

1,425

284

53

-2,245

-2,231

-2,422

-2,310

-3,442

-3,702

-3,323

-3,613

0

0

0

Change in liabilities:
Accounts payable

17,966

-28,586

-41,535

-48,507

-8,452

11,225

42,772

80,386

69,704

58,056

52,505

43,431

29,877

31,401

15,940

-860

5,797

5,745

13,486

19,011

3,320

11,460

23,036

22,893

18,378

4,713

5,760

2,740

5,480

-4,763

3,053

7,915

4,590

15,153

0

0

0

Accrued expenses and other liabilities

-12,243

-12,628

-12,547

-7,649

1,111

6,783

4,638

9,423

9,291

5,389

8,649

11,921

14,176

18,481

19,658

10,357

9,935

3,421

5,146

2,740

3,064

9,994

11,480

9,752

4,298

2,891

381

108

619

1,510

1,820

1,196

671

149

0

0

0

Payments of contingent consideration in excess of costs over estimated earnings

0

1,097

1,097

1,097

1,097

375

375

130

130

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

70,124

84,532

99,534

110,771

100,637

94,245

70,510

58,271

52,535

48,716

45,839

51,455

59,251

59,736

73,151

69,574

75,757

70,836

58,109

48,655

31,599

32,362

30,110

32,247

28,751

24,803

31,484

28,067

24,606

22,787

19,850

18,853

17,649

15,749

0

0

0

Investing activities
Purchases of property and equipment

22,645

23,926

23,455

24,036

22,871

24,101

25,484

24,411

24,296

20,729

24,384

43,609

46,621

46,888

41,986

20,993

16,265

14,744

12,761

13,341

13,629

15,155

14,700

13,355

11,350

9,238

8,965

8,847

8,875

8,860

8,307

7,413

6,783

6,372

0

0

0

Payments for acquisitions, net of cash acquired

0

33

33

6,753

6,753

6,720

0

0

0

-

-

-

-

-

-

-

-

390,395

390,538

391,258

25,852

33,768

33,768

33,048

13,785

1,958

14,781

17,426

18,383

16,425

5,754

4,817

3,859

4,972

0

0

0

Net cash used in investing activities

-22,645

-23,959

-23,488

-30,788

-30,624

-31,821

-33,204

-25,411

-24,296

-20,729

-24,384

-43,609

-46,621

-46,888

-41,843

-20,850

-400,791

-405,139

-403,299

-404,599

-39,482

-48,923

-48,469

-46,403

-25,135

-11,197

-23,747

-26,273

-27,259

-25,285

-14,062

-12,130

-10,643

-11,344

0

0

0

Financing activities
Payments of contingent consideration due to seller

953

1,206

1,206

253

803

550

550

795

565

695

695

637

317

2,274

2,273

2,086

2,366

2,945

4,530

6,280

6,280

4,859

4,859

4,859

4,859

3,615

4,317

4,012

4,012

5,170

3,187

2,262

2,262

1,305

0

0

0

Tax benefit of stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

1,661

1,772

1,130

1,384

2,222

2,881

2,746

2,490

1,495

303

179

271

460

1,187

1,075

1,331

1,092

361

451

183

154

0

0

0

Proceeds from exercise of stock options

381

37

78

706

3,028

4,230

5,216

4,962

2,766

1,539

914

1,241

1,134

1,157

795

244

318

1,057

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,694

2,131

2,305

2,332

2,379

2,623

2,641

2,581

2,773

1,793

1,741

1,771

4,228

4,869

4,968

4,925

2,228

1,922

1,877

1,887

1,840

1,116

896

951

950

832

808

741

928

193

0

0

0

-

-

-

-

Purchases of treasury stock

28,992

29,014

35,605

35,605

19,868

9,497

0

9,818

19,818

20,669

33,857

28,629

30,609

49,149

35,960

31,370

19,390

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of Convertible Notes

115,093

33,915

71,132

71,132

45,000

37,217

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowing on ABL facility

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

34,782

34,782

34,782

34,782

5,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of amounts borrowed on ABL facility

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

34,782

34,782

34,782

34,782

5,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowing on ABL facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,000

46,000

40,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of amounts borrowed on ABL facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,000

46,000

40,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

1,418

1,513

2,248

1,717

1,427

1,259

336

797

0

0

0

Payment to former owners of One Stop Logistics

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,507

17,507

17,507

13,782

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Long-term Capital Lease Obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

43

77

121

175

220

216

244

262

0

0

0

Net cash used in financing activities

-46,351

-66,229

-110,171

-108,616

-65,021

-45,657

2,026

-8,232

-19,890

-21,117

-34,453

-27,931

-31,893

-52,724

-39,884

-66,256

351,371

358,283

357,875

386,225

-17,579

-3,403

-4,880

-5,372

-5,055

-2,880

-2,564

-2,241

-1,483

-2,729

-1,810

-955

-1,985

-615

0

0

0

Increase (Decrease) in cash and cash equivalents

1,127

-5,656

-34,125

-28,634

4,992

16,766

39,331

24,625

8,348

6,869

-12,998

-20,083

-19,263

-39,876

-8,576

-17,532

26,338

23,980

12,686

30,281

-25,462

-19,964

-23,238

-19,527

-1,439

10,725

5,172

-447

-4,136

-5,226

3,977

5,767

5,019

3,789

0

0

0

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

6,288

5,430

6,293

6,216

6,685

6,594

6,624

6,688

6,711

6,720

6,688

6,640

7,129

6,913

6,804

6,871

5,412

5,450

2,478

2,244

143

105

67

26

0

1

2

4

6

9

11

15

18

21

0

0

0

Cash paid during the year for income taxes

-

-

-

-

-

-

-

-

-

259

550

1,693

2,765

3,100

4,014

2,872

2,186

3,074

6,018

9,730

10,144

8,901

7,911

4,880

6,610

8,191

7,977

8,928

9,365

8,038

6,679

7,439

6,300

7,337

0

0

0

Cash received during the period for income taxes refunded

15

3,363

3,408

3,408

3,408

189

6,788

6,788

6,788

6,659

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability for purchases of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of due to seller obligation at acquisition date

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,500

1,500

1,500

1,500

880

880

880

880

0

0

0

0

-

-

-

-

4,610

0

0

0

Liability for purchases of treasury stock not yet settled

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-