Heartland express inc (HTLD)
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'11Dec'10Sep'10Jun'10Mar'10
OPERATING ACTIVITIES
Net income

13,238

12,787

20,501

22,361

17,318

22,440

19,055

17,804

13,378

38,605

7,915

14,617

14,036

13,114

12,527

16,368

14,377

17,015

15,113

23,317

17,611

21,545

22,738

26,472

14,079

15,842

15,866

19,140

19,734

14,292

12,433

18,228

16,588

17,122

15,398

22,533

14,879

15,379

18,297

16,653

11,887

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

26,761

29,931

25,704

22,846

22,451

25,243

25,343

24,960

25,783

29,526

28,814

22,625

22,940

26,757

27,271

25,847

25,705

29,795

28,678

27,138

26,237

29,833

28,017

26,930

24,849

22,040

15,283

17,094

15,232

15,140

14,415

14,161

14,105

16,450

15,066

13,829

12,531

15,708

15,139

15,379

15,723

Deferred income taxes

-7,541

391

-669

-1,906

-2,515

5,513

-3,901

817

-5,184

30,286

-1,976

-1,136

-53

-1,095

338

-1,437

6,778

-13,187

2,506

539

1,524

-23,725

-5,239

-6,387

-3,716

-4,937

-615

-1,532

-3,178

-3,315

4,565

1,447

3,054

-1,200

-4,010

-5,992

-3,541

1,372

558

2,295

4,215

Stock-based compensation

936

495

291

995

284

165

55

196

123

171

59

168

113

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of stock-based compensation, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

116

76

77

587

209

328

427

287

446

142

285

261

378

184

268

354

379

369

729

902

150

0

0

0

-

-

-

-

Loss (gain) on disposal of property and equipment

-229

7,363

12,595

7,542

3,841

9,553

7,156

5,385

2,869

6,829

7,470

6,300

6,075

1,932

1,473

4,512

1,288

7,790

7,401

9,668

10,181

6,384

11,257

13,860

2,043

8,971

4,476

8,645

11,178

5,676

1,673

3,546

4,214

9,804

6,799

11,662

3,868

2,833

7,951

2,026

507

Changes in certain working capital items:
Trade receivables

6,096

-3,792

-7,572

364

4,324

-6,565

-2,963

-3,088

-2,722

-6,461

-5,778

-2,377

-623

-4,860

-5,305

-1,488

-2,512

-3,510

-5,941

-3,284

-3,290

-10,201

-923

-3,007

6,765

-9,391

-1,490

-2,145

5,192

-4,201

931

-294

5,921

-221

-2,468

277

4,991

-3,519

2,546

760

4,471

Prepaid expenses and other current assets

-470

110

-1,767

752

396

-840

-2,474

1,420

667

-6,774

558

2,005

3,351

-2,826

-1,883

1,358

-1,666

-964

-1,969

107

-1,475

184

-1,412

578

1,659

-3,343

-1,085

1,472

2,052

-3,577

-3,405

-151

1,445

-1,673

-1,376

2,279

7,229

-734

-671

662

491

Accounts payable, accrued liabilities, and accrued expenses

-55

-1,222

-6,809

-2,569

-158

-7,844

-7,095

-4,967

-6,106

-13,672

-5,571

-5,836

-1,814

-12,354

-4,405

-903

6,599

-6,799

560

-364

6,805

-14,166

2,128

-4,177

-2,802

-7,912

-3,054

-149

1,393

-1,304

-104

83

2,278

-1,535

-1,267

-4,084

5,934

-5,162

1,385

3,060

2,326

Accrued income taxes

-2,967

-926

603

-974

1,920

5,553

-614

4,035

-5,321

1,573

-4,561

-8,048

5,574

1,103

1,453

-16,457

12,530

-2,566

-1,445

2,532

11,690

-21,580

1,527

1,693

2,353

-1,206

-4,133

-8,034

6,985

744

486

-13,345

9,123

1,709

-137

-6,215

3,145

-276

538

-10,129

8,463

Net cash provided by operating activities

40,057

36,993

37,703

35,907

35,769

37,896

38,926

37,494

32,227

32,323

26,382

18,734

32,099

35,585

42,299

21,987

55,910

47,525

41,237

46,020

55,690

43,436

50,869

46,159

31,989

38,042

22,860

21,879

28,454

34,668

23,835

15,308

28,362

27,186

30,115

17,837

23,942

25,697

24,975

19,220

28,715

INVESTING ACTIVITIES
Proceeds from sale of property and equipment

2,409

26,592

27,598

24,999

13,753

45,842

20,551

38,233

26,126

69,532

29,091

27,413

21,542

19,974

10,562

22,961

3,783

59,719

31,724

31,802

25,547

26,830

35,004

24,592

4,840

35,562

16,347

22,952

17,452

11,735

2,793

6,470

8,186

23,633

18,492

22,226

8,667

6,010

6,210

7,770

1,659

Purchases of property and equipment, net of trades

42,092

43,232

54,065

32,274

34,209

41,750

40,590

54,918

32,018

79,231

54,670

32,596

17,617

16,109

27,626

39,488

2,865

105,565

46,985

59,481

5,222

83,885

48,704

50,824

21,560

43,350

14,689

38,924

38,232

41,451

11,328

10,052

3,980

34,983

30,532

37,312

23,430

14,996

-605

0

160

Change in designated fund for equipment purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

824

-3,875

3,875

-12,488

6,747

-12,464

18,205

-5,824

5,824

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturity, calls and sales of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,225

50

9,800

25

-

-

-

25

13,900

2,575

6,225

15,425

28,900

23,875

21,250

5,200

Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,011

110,900

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in other assets

-51

16

17

-3

-4

-147

-103

-24

-436

-428

-17

678

0

10

87

-191

94

247

187

-24

-1,658

-1,692

404

-41

90

630

206

-42

31

700

107

-154

51

92

257

1,477

-8

-438

143

458

54

Net cash used in investing activities

-39,632

-16,456

-88,611

-7,272

-20,452

4,239

-19,936

-16,661

-5,456

-8,364

-113,197

-5,861

3,925

4,679

-17,975

-12,461

-3,051

-33,605

-22,195

-15,191

3,778

-49,539

-19,928

-26,191

-19,821

-108,093

1,502

-6,130

-20,786

-29,391

-8,642

27,872

4,180

2,458

-9,722

-10,338

670

19,760

30,548

11,153

6,645

FINANCING ACTIVITIES
Payments of cash dividends

1,628

1,641

3,282

0

1,640

1,639

1,639

1,644

1,667

1,667

1,666

1,667

1,667

1,667

1,667

1,666

1,666

1,688

3,495

1,759

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares withheld for employee taxes related to stock-based compensation

239

117

94

214

107

32

57

27

97

0

80

55

63

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Lines of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,100

0

0

3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,600

-

22,000

19,000

16,000

147,942

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

12,278

0

0

0

0

1

4,164

19,629

1,293

0

0

0

0

0

0

0

14,678

43,166

30,858

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-14,145

-55,219

-43,263

-214

-1,747

-1,672

-5,860

-21,300

-3,057

-1,667

-25,049

-1,722

-1,730

-1,667

-1,667

-1,666

-16,344

-44,853

-34,353

-3,524

-24,600

83

-23,760

-20,757

-13,000

-76,401

-1,701

-1,701

0

-98,180

-13,191

-4,753

0

-30,996

-30,688

-1,814

0

-94,316

-1,815

-1,813

0

Net (decrease) increase in cash, cash equivalents and restricted cash

-13,720

-34,682

-94,171

28,421

13,570

40,463

13,130

-467

23,714

22,292

-111,864

11,151

34,294

38,597

22,657

7,860

36,515

-30,933

-15,311

27,305

34,868

-6,020

7,181

-789

-832

-146,452

22,661

14,048

7,668

-92,903

2,002

38,427

32,542

-1,352

-10,295

5,685

24,612

-48,859

53,708

28,560

35,360

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest Paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

40

67

111

143

163

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid (received) during the period for income taxes, net of refunds

-109

6,044

5,642

6,967

235

7,858

3,376

1,552

46

156

7,730

14,035

-12

5,758

6,395

23,163

221

139

13,760

10,310

492

10,527

6,710

6,065

421

7,025

13,775

16,867

434

6,530

11,503

23,479

1,264

6,987

6,034

10,586

545

11,052

11,130

18,220

100

Noncash investing and financing activities:
Fair value of revenue equipment traded

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58

0

137

3,198

2,138

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchased property and equipment in accounts payable

8,554

-4,086

-7,556

5,809

7,309

-15,033

16,466

-26,844

27,355

-3,613

5,837

-2,243

3,406

-2,464

-6,807

9,334

0

-9,739

5,274

-14,482

20,164

-21,639

-6,537

18,264

10,142

-7,860

18,837

-18,538

18,752

-418

214

-84

986

-4,204

1,149

1,380

3,358

-2,852

3,954

-2

90

Sold revenue equipment in other current assets

2,000

-5,483

4,317

-2,163

4,611

-12,117

10,300

-6,146

11,746

-5,444

2,409

1,302

2,602

-

-

1,609

892

-12,488

10,890

-5,284

6,882

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Common stock dividends declared in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1,759

-

-1

1

1,758

-

-1

0

1,701

-

-20

-1

1,736

-

-24

0

1,814

-

90,688

0

1,814