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

68,887

72,967

82,620

81,174

76,617

72,677

88,842

77,702

74,515

75,173

49,682

54,294

56,045

56,386

60,287

62,873

69,822

73,056

77,586

85,211

88,366

84,834

79,131

72,259

64,927

70,582

69,032

65,599

64,687

61,541

64,371

67,336

71,641

69,932

68,189

71,088

65,208

62,216

0

0

0

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

105,242

100,932

96,244

95,883

97,997

101,329

105,612

109,083

106,748

103,905

101,136

99,593

102,815

105,580

108,618

110,025

111,316

111,848

111,886

111,225

111,017

109,629

101,836

89,102

79,266

69,649

62,749

61,881

58,948

57,821

59,131

59,782

59,450

57,876

57,134

57,207

58,757

61,949

0

0

0

Deferred income taxes

-9,725

-4,699

423

-2,809

-86

-2,755

22,018

23,943

21,990

27,121

-4,260

-1,946

-2,247

4,584

-7,508

-5,340

-3,364

-8,618

-19,156

-26,901

-33,827

-39,067

-20,279

-15,655

-10,800

-10,262

-8,640

-3,460

-481

5,751

7,866

-709

-8,148

-14,743

-12,171

-7,603

684

8,440

0

0

0

Stock-based compensation

2,717

2,065

1,735

1,499

700

539

545

549

521

511

340

281

113

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of stock-based compensation, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

856

949

1,201

1,551

1,251

1,488

1,302

1,160

1,134

1,066

1,108

1,091

1,184

1,185

1,370

1,831

2,379

2,150

1,781

1,052

150

0

0

0

-

-

-

-

Loss (gain) on disposal of property and equipment

27,271

31,341

33,531

28,092

25,935

24,963

22,239

22,553

23,468

26,674

21,777

15,780

13,992

9,205

15,063

20,991

26,147

35,040

33,634

37,490

41,682

33,544

36,131

29,350

24,135

33,270

29,975

27,172

22,073

15,109

19,237

24,363

32,479

32,133

25,162

26,314

16,678

13,317

0

0

0

Changes in certain working capital items:
Trade receivables

-4,904

-6,676

-9,449

-4,840

-8,292

-15,338

-15,234

-18,049

-17,338

-15,239

-13,638

-13,165

-12,276

-14,165

-12,815

-13,451

-15,247

-16,025

-22,716

-17,698

-17,421

-7,366

-6,556

-7,123

-6,261

-7,834

-2,644

-223

1,628

2,357

6,337

2,938

3,509

2,579

-719

4,295

4,778

4,258

0

0

0

Prepaid expenses and other current assets

-1,375

-509

-1,459

-2,166

-1,498

-1,227

-7,161

-4,129

-3,544

-860

3,088

647

0

-5,017

-3,155

-3,241

-4,492

-4,301

-3,153

-2,596

-2,125

1,009

-2,518

-2,191

-1,297

-904

-1,138

-3,458

-5,081

-5,688

-3,784

-1,755

675

6,459

7,398

8,103

6,486

-252

0

0

0

Accounts payable, accrued liabilities, and accrued expenses

-10,655

-10,758

-17,380

-17,666

-20,064

-26,012

-31,840

-30,316

-31,185

-26,893

-25,575

-24,409

-19,476

-11,063

-5,508

-543

-4

202

-7,165

-5,597

-9,410

-19,017

-12,763

-17,945

-13,917

-9,722

-3,114

-164

68

953

722

-441

-4,608

-952

-4,579

-1,927

5,217

1,609

0

0

0

Accrued income taxes

-4,264

623

7,102

5,885

10,894

3,653

-327

-4,274

-16,357

-5,462

-5,932

82

-8,327

-1,371

-5,040

-7,938

11,051

10,211

-8,803

-5,831

-6,670

-16,007

4,367

-1,293

-11,020

-6,388

-4,438

181

-5,130

-2,992

-2,027

-2,650

4,480

-1,498

-3,483

-2,808

-6,722

-1,404

0

0

0

Net cash provided by operating activities

150,660

146,372

147,275

148,498

150,085

146,543

140,970

128,426

109,666

109,538

112,800

128,717

131,970

155,781

167,721

166,659

190,692

190,472

186,383

196,015

196,154

172,453

167,059

139,050

114,770

111,235

107,861

108,836

102,265

102,173

94,691

100,971

103,500

99,080

97,591

92,451

93,834

98,607

0

0

0

INVESTING ACTIVITIES
Proceeds from sale of property and equipment

81,598

92,942

112,192

105,145

118,379

130,752

154,442

162,982

152,162

147,578

98,020

79,491

75,039

57,280

97,025

118,187

127,028

148,792

115,903

119,183

111,973

91,266

99,998

81,341

79,701

92,313

68,486

54,932

38,450

29,184

41,082

56,781

72,537

73,018

55,395

43,113

28,657

21,649

0

0

0

Purchases of property and equipment, net of trades

171,663

163,780

162,298

148,823

171,467

169,276

206,757

220,837

198,515

184,114

120,992

93,948

100,840

86,088

175,544

194,903

214,896

217,253

195,573

197,292

188,635

204,973

164,438

130,423

118,523

135,195

133,296

129,935

101,063

66,811

60,343

79,547

106,807

126,257

106,270

75,133

37,821

14,551

0

0

0

Change in designated fund for equipment purchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,664

-5,741

-14,330

0

6,664

5,741

18,205

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturity, calls and sales of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,100

0

0

0

-

-

-

22,725

38,125

53,125

74,425

89,450

79,225

0

0

0

Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,011

113,911

113,911

113,911

110,900

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in other assets

-21

26

-137

-257

-278

-710

-991

-905

-203

233

671

775

-94

0

237

337

504

-1,248

-3,187

-2,970

-2,987

-1,239

1,083

885

884

825

895

796

684

704

96

246

1,877

1,818

1,288

1,174

155

217

0

0

0

Net cash used in investing activities

-151,971

-132,791

-112,096

-43,421

-52,810

-37,814

-50,417

-143,678

-132,878

-123,497

-110,454

-15,232

-21,832

-28,808

-67,092

-71,312

-74,042

-67,213

-83,147

-80,880

-91,880

-115,479

-174,033

-152,603

-132,542

-133,507

-54,805

-64,949

-30,947

-5,981

25,868

24,788

-13,422

-16,932

370

40,640

62,131

68,106

0

0

0

FINANCING ACTIVITIES
Payments of cash dividends

6,551

6,563

6,561

4,918

6,562

6,589

6,617

6,644

6,667

6,667

6,667

6,668

6,667

6,666

6,687

8,515

8,608

6,942

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares withheld for employee taxes related to stock-based compensation

664

532

447

410

223

213

181

204

232

198

198

118

63

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Lines of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

204,942

182,942

163,942

147,942

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

12,278

0

1

4,165

23,794

25,087

25,086

20,922

1,293

0

0

0

0

14,678

57,844

88,702

88,702

74,024

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-112,841

-100,443

-46,896

-9,493

-30,579

-31,889

-31,884

-51,073

-31,495

-30,168

-30,168

-6,786

-6,730

-21,344

-64,530

-97,216

-99,074

-107,330

-62,394

-51,801

-69,034

-57,434

-133,918

-111,859

-92,803

-79,803

-101,582

-113,072

-116,124

-116,124

-48,940

-66,437

-63,498

-63,498

-126,818

-97,945

-97,944

-97,944

0

0

0

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

-114,152

-86,862

-11,717

95,584

66,696

76,840

58,669

-66,325

-54,707

-44,127

-27,822

106,699

103,408

105,629

36,099

-1,869

17,576

15,929

40,842

63,334

35,240

-460

-140,892

-125,412

-110,575

-102,075

-48,526

-69,185

-44,806

-19,932

71,619

59,322

26,580

18,650

-28,857

35,146

58,021

68,769

0

0

0

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest Paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

107

218

361

484

421

310

167

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

18,544

18,888

20,702

18,436

13,021

12,832

5,130

9,484

21,967

21,909

27,511

26,176

35,304

35,537

29,918

37,283

24,430

24,701

35,089

28,039

23,794

23,723

20,221

27,286

38,088

38,101

37,606

35,334

41,946

42,776

43,233

37,764

24,871

24,152

28,217

33,313

40,947

40,502

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,393

5,473

5,473

5,336

2,138

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchased property and equipment in accounts payable

2,721

1,476

-9,471

14,551

-18,102

1,944

13,364

2,735

27,336

3,387

4,536

-8,108

3,469

63

-7,212

4,869

-18,947

1,217

-10,683

-22,494

10,252

230

14,009

39,383

2,581

11,191

18,633

10

18,464

698

-3,088

-2,153

-689

1,683

3,035

5,840

4,458

1,190

0

0

0

Sold revenue equipment in other current assets

-1,329

1,282

-5,352

631

-3,352

3,783

10,456

2,565

10,013

869

0

0

0

-

-

903

-5,990

0

12,488

1,598

6,882

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0