Hub group, inc. (HUBG)
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
Cash flows from operating activities:
Net income

13,236

27,955

26,105

29,217

23,894

48,911

114,611

22,051

16,167

99,943

15,334

9,542

10,334

18,244

17,924

20,672

17,965

22,374

19,832

18,467

10,276

16,356

4,491

18,676

12,035

16,536

18,600

18,610

15,364

18,844

18,495

16,952

13,662

17,014

16,276

14,390

10,498

12,509

12,617

9,630

8,702

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

30,576

30,168

29,690

28,646

28,383

24,726

20,933

19,652

18,599

18,642

18,243

12,766

12,522

12,047

11,239

10,787

10,639

10,380

9,136

8,795

8,731

8,215

7,385

7,001

6,779

5,823

5,525

4,858

5,096

5,275

5,296

5,488

5,516

5,396

4,652

3,663

2,629

2,494

2,133

1,993

1,952

Deferred taxes

-696

5,324

-2,873

2,063

-6,335

-5,510

-22,222

-7,053

-4,714

61,334

-12,270

-2,434

-5,279

-532

-5,492

-5,394

-2,383

-10,621

-3,268

-896

-1,593

-16,213

-2,731

-3,566

-1,991

-5,493

-4,397

-3,879

-2,669

-1,093

-3,261

-1,080

-3,352

-26,010

4,456

1,467

1,266

-16,870

2,681

1,243

3,401

Compensation expense related to share-based compensation plans

4,097

3,852

3,747

3,754

4,933

3,990

2,508

3,481

3,501

2,471

2,430

2,363

2,609

2,161

2,073

2,064

2,181

1,990

1,733

2,076

2,034

2,020

2,047

2,048

2,143

2,029

1,881

1,875

1,882

1,713

1,597

1,592

1,637

1,113

1,242

1,208

1,225

856

898

891

931

Loss (gain) on sale of assets

-121

-568

-213

691

835

-451

1,368

-25

115

-81

-53

-355

48

191

127

172

83

-

-

-

-

26

10

4

6

-178

58

73

214

-66

-90

49

-1

1

8

-5

13

-39

-27

44

-63

Donated equipment

240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

209

656

-162

30

41

7

20

13

-

-

-

-

2

3

5

3

-68

14

0

83

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Restricted investments

-4,409

1,173

-544

895

1,841

-3,281

2,528

842

-916

115

781

972

1,436

314

572

568

-1,685

553

-1,684

393

-98

315

-331

1,089

117

1,612

1,383

360

181

689

1,093

-396

1,509

1,086

-1,405

336

707

900

1,227

-477

188

Accounts receivable, net

9,480

8,268

14,089

-22,183

-32,906

-12,663

14,390

41,391

-11,643

47,327

63,688

28,360

-54,600

25,305

49,498

34,158

-21,332

-29,833

-17,947

14,281

-2,874

-20,481

8,448

9,183

31,471

-32,019

11,881

33,665

11,893

-34,988

27,534

15,840

14,043

-12,228

-5,468

39,332

23,411

-19,861

13,938

26,721

25,784

Prepaid taxes

50

-4,608

4,200

869

-447

446

-5,098

-6,867

47

-45

8,487

3,181

171

-1,675

-1,368

3,003

-26

-996

-295

-8,727

-4,557

8,739

5,629

251

-86

-196

456

18

30

0

-864

854

-2,243

2,264

2

4

-173

166

-224

221

-461

Prepaid expenses and other current assets

-9,054

-2,148

14,633

-3,372

-12,560

2,188

9,497

-3,241

-6,694

4,484

7,552

-1,698

-2,795

145

1,441

-1,276

-1,409

1,959

4,472

-6,276

3,246

-5,483

5,041

1,466

597

2,293

-573

2,644

-2,227

-351

-1,416

5,534

-2,205

-547

-1,701

5,714

-1,738

284

-583

2,725

-2,659

Other assets

477

421

1,016

1,530

819

9,601

297

-3

-1,866

-3,561

852

3,026

-373

391

-400

-161

-400

749

272

114

-330

475

971

-236

837

-121

683

-26

146

226

-96

-144

-445

439

-101

-274

-31

-789

-29

561

-41

Accounts payable

19,657

74,867

-51,409

-24,002

-14,389

-2,549

-1,808

29,343

-19,465

7,578

51,152

13,482

-13,175

-1,371

12,340

19,319

5,421

-47,044

6,176

1,718

13,414

-17,911

16,525

-7,530

29,286

-28,006

24,956

14,455

16,230

-30,948

28,509

1,500

8,377

-6,221

-1,763

-1,150

32,229

-26,870

3,380

9,855

26,457

Accrued expenses

-28,551

-2,530

17,028

15,503

-30,123

12,524

26,095

15,770

-10,913

10,248

4,834

7,977

-25,990

16,206

7,063

-514

-13,517

12,168

-606

3,210

5,733

-2,214

1,699

-246

1,128

406

5,010

-879

-2,801

-6,138

9,658

-763

22

-9,892

4,436

9,005

-560

-1,220

3,558

3,484

-545

Non-current liabilities

-2,875

-645

-1,412

-795

1,982

-8,234

1,976

2,768

-386

8,766

1,051

356

12

517

970

730

481

863

-2,279

-174

-1,052

818

3

1,302

-1,839

1,724

1,046

316

-198

732

1,010

-810

1,010

645

-1,744

993

407

1,063

1,288

-566

125

Net cash provided by operating activities

40,653

125,805

-6,559

71,830

63,433

70,058

43,157

64,450

33,174

38,075

24,007

15,434

47,704

23,456

6,575

22,150

50,292

38,866

52,379

35,123

45,329

39,906

26,994

13,060

18,581

35,516

47,524

6,375

28,002

25,129

41,651

3,302

22,835

28,672

36,220

-15,531

25,505

10,391

12,253

-3,265

18,275

Cash flows from investing activities:
Proceeds from sale of equipment

497

953

1,408

3,865

3,799

6,940

2,801

718

516

2,275

696

1,229

1,127

488

425

556

592

1,387

786

110

26

192

101

234

85

49

430

624

734

252

176

591

52

94

102

146

68

117

151

713

7

Purchases of property and equipment

25,467

39,231

26,904

11,655

17,057

60,944

69,586

47,082

22,179

34,605

10,343

22,968

6,625

47,526

34,666

20,324

4,893

42,091

17,235

8,659

15,057

43,290

29,438

13,408

33,035

44,838

26,877

29,746

9,456

22,211

13,628

4,030

17,013

19,628

20,101

10,401

4,880

12,254

11,311

1,404

647

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

125

125

150

150

2,125

-7,852

90,854

55

-

-

-

-

Proceeds from the disposition of discontinued operations

-

0

0

0

19,439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-24,970

-38,278

-25,496

-8,524

6,181

-302,660

161,201

-46,364

-21,663

-32,330

-175,580

-21,739

-5,498

-47,038

-34,241

-19,768

-4,301

-40,704

-16,449

-8,549

-15,031

-43,098

-29,337

-13,174

-32,950

-44,789

-26,447

-29,122

-8,722

-22,084

-13,577

-3,589

-17,111

-21,659

-12,147

-101,109

-4,867

-12,307

-11,160

-691

-640

Cash flows from financing activities:
Proceeds from issuance of debt

121,444

19,937

18,222

7,879

10,456

53,337

60,648

41,378

16,783

-

-

-

-

-

-

-

-

33,066

12,828

7,068

11,480

41,816

23,907

0

25,361

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

24,373

26,506

27,823

25,544

25,780

26,095

23,290

49,751

34,300

19,948

36,803

11,336

11,782

9,693

8,894

8,048

8,132

6,381

5,898

5,385

5,553

3,053

1,663

1,411

1,124

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

1

-1

42

23

1

29

16

8

52

2

24

28

4

2

12

Stock withheld for payments of withholding taxes

3,769

1,109

129

168

2,578

8

245

121

3,896

2

117

136

3,157

5

105

171

2,208

14

25

123

2,754

11

33

128

3,023

13

36

116

2,469

12

30

105

1,665

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15,000

42,632

42,368

0

15,404

0

13,419

-

-

-

-

12,888

0

0

903

-

-

-

-

-

-

-

1,447

1,248

11,457

9,446

2,919

Finance lease payments

747

748

741

725

740

708

698

788

695

699

702

672

727

669

668

654

643

651

640

638

605

817

413

603

616

596

590

583

560

757

590

561

546

-

-

-

-

-

-

-

-

Excess tax benefits from share based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

160

571

-225

-134

29

77

47

42

218

206

124

104

26

133

79

98

80

-49

418

74

-35

485

44

540

236

44

21

133

Net cash provided by (used in) financing activities

92,555

-8,426

-28,187

-25,840

-18,642

26,526

36,415

-9,282

-22,108

4,289

18,438

4,005

-15,666

15,848

-1,270

-38,456

-53,485

26,049

-9,062

969

-10,809

20,129

22,004

-2,018

20,702

-13,910

-928

8,499

-3,792

-11,874

-668

-219

-2,121

-581

316

16

-883

-984

-11,409

-9,423

-2,774

Effect of exchange rate changes on cash and cash equivalents

-87

0

7

-5

-5

4

-19

19

-30

-35

-46

39

56

-57

-19

-32

1

-9

-101

-24

3

-

-

-

-

-

-

-

3

4

-6

-4

1

7

-16

0

4

1

3

-1

12

Net increase in cash and cash equivalents

108,151

79,101

-60,235

37,461

50,967

-206,072

240,754

8,823

-10,627

9,999

-133,181

-2,261

26,596

-7,791

-28,955

-36,106

-7,493

24,202

26,767

27,519

19,492

16,942

19,663

-2,133

6,333

-23,186

20,150

-14,251

15,491

-8,825

27,400

-510

3,604

6,439

24,373

-116,624

19,759

-2,899

-10,313

-13,380

14,873

Supplemental disclosures of cash paid for:
Interest

2,563

2,826

2,858

2,829

2,749

2,937

2,558

1,867

2,315

2,129

1,857

1,023

1,153

1,029

874

517

1,245

750

694

744

789

496

298

358

380

314

306

270

311

283

291

293

333

303

155

52

31

16

12

12

14

Income taxes

355

7,372

11,417

21,309

191

10,847

2,007

558

194

269

2,137

10,480

263

6,407

4,427

16,813

5,586

521

5,851

424

194

120

9,300

9,992

777

5,356

7,632

13,302

3,438

8,352

7,730

12,084

472

6,845

4,255

6,194

1,335

6,094

5,633

4,182

122