HUNT J B TRANSPORT SERVICES INC JBHT Cash Flow

Hunt j b transport services inc (JBHT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net earnings
104,834	144,676	118,410	133,633	119,601	88,681	131,110	151,652	118,142	385,307	100,385	97,869	102,702	117,556	109,425	105,011	100,098	116,745	115,139	103,419	91,932	110,306	102,415	93,407	68,664	91,864	89,473	87,696	73,349	83,977	78,241	80,452	67,684	72,565	68,650	65,696	50,095	57,853	52,170	52,112	37,482
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization
130,095	128,417	126,804	123,994	119,930	114,086	108,801	107,423	105,583	102,320	95,960	93,049	92,189	91,793	91,001	90,364	88,352	88,374	86,201	83,660	81,378	78,387	75,416	71,726	68,967	66,076	64,291	62,283	60,730	59,046	57,773	56,227	56,120	55,631	54,404	52,551	51,357	50,094	49,808	49,148	48,012
Noncash lease expense
11,411	10,786	10,501	9,746	8,484	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
18,063	11,170	13,850	14,733	13,571	10,185	11,183	13,965	12,036	7,338	7,843	11,940	11,170	10,452	7,258	11,943	10,972	10,218	6,313	10,568	10,129	9,211	7,308	8,842	9,972	8,752	5,625	8,840	9,137	7,736	5,590	8,288	8,101	9,003	5,205	7,129	5,504	6,416	4,195	5,593	5,193
Loss on sale of revenue equipment and other
-1,472	-3,972	-4,043	-2,790	-2,252	-3,666	-1,982	-3,644	-2,815	-1,654	-2,323	-1,684	-1,709	-3,133	-1,327	-1,000	-30	24	1,404	-951	804	929	303	2,419	2,691	709	3,183	135	1,307	5,138	1,934	15,482	-5,709	4,101	16,137	-1,765	-4,364	1,526	-218	-832	-2,200
Deferred income taxes
15,470	54,973	-31,957	7,571	25,030	125,033	-34,438	7,584	3,412	-204,963	-6,444	-39,285	1,928	59,566	-11,506	-12,903	15,257	85,822	5,888	-33,377	22,094	89,658	7,357	-12,385	-5,287	32,278	19,271	-7,871	4,398	15,649	18,267	-1,581	-11,540	-159,688	28,928	24,883	-11,834	36,704	-821	-7,299	11,517
Trade accounts receivable
-33,549	-40,731	10,933	37,597	-58,109	-43,940	76,016	118,719	-19,864	52,679	109,678	41,609	-37,855	2,590	42,701	48,960	26,743	-25,614	6,157	34,069	-22,623	-30,440	3,678	32,509	66,592	-16,395	5,271	50,310	63,322	-38,241	32,175	96,825	-36,227	-13,155	163,015	-37,833	-51,735	19,934	-7,452	-22,009	-31,321
Other assets
60,029	21,331	-39,759	-31,018	54,421	10,780	-31,340	-22,496	49,189	-11,232	-10,956	-12,211	-35,063	87,420	-16,818	-11,347	-22,154	62,084	-20,627	-9,286	-5,678	71,856	-3,685	-17,182	-8,259	41,144	-6,884	-15,172	4,166	25,661	-8,058	-8,625	-4,152	30,632	-56,200	11,005	13,265	-34,104	5,383	18,148	1,147
Trade accounts payable
-5,392	-149,905	31,563	47,340	-14,325	20,780	43,541	44,366	-10,650	-14,783	86,751	40,170	-26,901	3,991	45,560	-29,901	41,168	-19,044	9,943	15,959	1,742	-23,786	-7,788	11,820	35,038	-25,866	-60,077	-10,773	108,246	-63,274	27,947	-1,637	52,061	-26,494	1,618	22,301	58,754	-29,166	21,735	19,599	-10,285
Income taxes payable or receivable
23,066	-48,528	55,044	22,718	12,213	-113,997	18,534	18,958	35,434	-53,892	-3,020	-23,694	35,064	-12,556	1,471	30,238	41,803	-72,095	2,077	42,190	30,883	-79,791	0	-35,264	42,764	-3,261	0	35,259	-37,379	27,320	4,882	-69,955	49,621	35,343	-86,144	1,077	40,679	-29,558	-367	-1,875	10,367
Claims accruals
-7,938	-15,978	-5,532	1,703	-920	-3,463	12,893	-393	12,543	17,120	3,572	7,239	-2,910	5,502	-11,386	8,388	3,020	3,572	2,226	-773	2,477	9,306	6,192	4,174	8,826	6,398	5,214	6,759	2,408	-752	4,213	2,050	-433	4,704	813	3,301	904	4,839	2,666	2,111	4,480
Accrued payroll and other accrued expenses
-15,438	1,769	-20,618	-1,729	-38,783	32,107	-360	16,439	11,628	7,710	-3,546	-1,760	-2,236	-19,247	2,558	2,715	8,785	-750	2,570	180	-12,589	9,468	-5,240	17,382	-8,875	16,580	-4,570	10,410	-20,093	24,465	-4,338	11,301	-29,254	13,261	-1,616	22,745	-16,042	13,303	-5,692	7,279	12,283
Net cash provided by operating activities
249,163	160,752	330,934	355,920	250,741	310,238	248,570	267,415	261,618	226,604	185,102	157,814	285,633	170,180	209,825	169,242	304,896	176,348	243,423	197,994	255,543	160,414	185,364	141,956	159,045	163,123	117,657	86,812	206,759	130,705	156,760	114,307	146,272	147,483	180,536	171,090	136,583	97,841	121,407	122,155	86,675
Cash flows from investing activities:
Additions to property and equipment
166,814	131,744	167,240	297,473	257,658	319,553	264,353	205,636	206,108	198,710	151,558	77,885	98,775	139,517	147,406	194,721	156,786	163,348	180,093	201,523	180,158	208,745	161,811	239,749	198,264	120,867	134,070	112,957	125,537	109,896	114,850	102,029	112,719	136,359	125,569	107,443	132,911	87,293	44,388	61,161	69,607
Net proceeds from sale of equipment
38,078	30,154	55,964	34,288	45,512	19,045	33,507	30,550	27,063	3,033	1,812	3,800	7,768	13,015	46,610	51,221	42,328	37,572	48,679	43,621	38,814	28,260	35,438	45,109	40,052	11,987	12,138	16,323	10,479	19,254	6,693	14,931	28,937	14,756	12,266	8,826	20,565	6,721	2,973	4,889	21,934
Business acquisition
0	17,422	-311	0	98,543	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other assets
-28	34	32	30	15	10	-15	994	299	247	177	-3	3,467	115	10	5	2	1	-2	97	20,000	-	-	-	-	2	34	-11	12	-455	394	-8	-16	10	-264	-98	12	35	-3	-16	68
Net cash used in investing activities
-128,708	-119,046	-110,997	-263,215	-310,704	-300,518	-230,831	-176,080	-179,344	-195,173	-287,553	-74,082	-94,474	-126,617	-100,806	-143,505	-114,460	-125,777	-131,412	-157,999	-161,344	-180,477	-126,361	-194,631	-158,212	-108,882	-121,966	-96,623	-115,070	-90,187	-108,551	-87,090	-83,766	-121,613	-113,039	-98,519	-112,358	-80,607	-41,412	-56,256	-47,741
Cash flows from financing activities:
Proceeds from issuances of long-term debt
0	0	0	0	700,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	499,642	-	-	-	-	-	-	-	-	0	0	0	200,000	-	-	-	0
Payments on long-term debt
0	0	0	0	250,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	100,000	150,000	0	50,000	0	50,000	-	-	-	-	0	0	0	200,000	-	-	-	0
Proceeds from revolving lines of credit and other
220,607	508	256,007	603,881	730,618	797,253	986,134	734,292	687,036	607,264	861,664	580,363	666,864	628,263	410,477	362,958	313,729	534,471	598,699	537,868	439,762	711,306	511,666	471,275	397,946	561,001	525,767	544,342	302,643	431,143	455,179	385,259	334,093	361,013	324,436	203,738	208,470	7,567	338,938	476,877	235,423
Payments on revolving lines of credit and other
220,100	0	333,600	525,300	1,045,100	728,900	916,400	742,200	750,400	606,500	714,801	594,700	696,500	571,900	414,267	359,801	378,397	509,222	598,411	525,762	505,071	616,328	539,658	347,685	607,078	546,739	454,553	464,285	345,600	390,690	437,700	406,539	383,304	377,524	220,772	236,800	165,600	46	555,845	402,129	260,400
Purchase of treasury stock
75,193	49,977	35,946	189,734	0	-	-	-	-	0	0	50,052	129,761	75,000	74,760	0	100,000	50,048	177,870	28,003	6,354	-	-	-	-	-	-	-	-	-	-	-	-	0	161,075	29,977	55,354	75,642	43,442	131,808	0
Stock repurchased for payroll taxes
3,627	4,639	10,332	-966	2,520	1,540	18,875	-951	99	-	-	-	276	28	17,638	354	621	587	23,308	450	505	630	22,269	421	99	-1	17,391	527	46	-	-	-	-	-	-	-	-	-	-	-	-
Stock option exercises and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	1,300	42	477	1,308	130	1,063	254	2,459	4,344	267	631	2,564	5,802	406	14,914	-8,747	3,855	1,218	9,147	-2,597	3,867	1,048	1,503	2,322	2,584	393
Tax benefit of stock options exercised and restricted shares issued
-	-	-	-	-	-	-	-	-	-	-	-	-	512	6,252	233	47	-1,569	12,748	638	1,060	-1,000	12,208	5,117	320	-1,687	15,638	6,933	1,066	1,802	9,376	6,776	2,136	2,092	4,767	7,998	705	3,237	4,566	3,486	865
Dividends paid
28,688	27,730	27,809	28,006	28,272	26,209	26,202	26,242	26,341	25,242	25,243	25,275	25,602	24,513	24,879	24,788	24,810	24,069	24,350	24,477	24,468	23,437	23,420	23,297	23,450	-	-	-	-	34,106	16,545	16,394	16,386	15,192	15,658	15,641	15,752	14,805	14,852	14,982	15,271
Net cash provided by/(used in) financing activities
-107,001	-81,838	-151,680	-138,193	104,726	-9,707	-25,343	-83,226	-89,804	-24,526	102,884	-88,719	-185,275	-42,667	-114,815	-20,452	-190,010	-50,547	-112,055	-40,056	-94,513	20,165	-59,014	-65,667	117,548	-54,378	4,354	9,987	-91,531	-40,588	-48,437	-27,043	-62,243	-28,167	-70,899	-66,815	-26,483	-78,143	-19,149	-65,972	-38,990
Net change in cash and cash equivalents
13,454	-40,132	68,257	-45,488	44,763	13	-7,604	8,109	-7,530	6,905	433	-4,987	5,884	896	-5,796	5,285	426	24	-44	-61	-314	102	-11	-118,342	118,381	-137	45	176	158	-70	-228	174	263	-2,297	-3,402	5,756	-2,258	-60,909	60,846	-73	-56
Supplemental disclosure of cash flow information:
Interest
21,673	4,610	22,065	5,683	14,363	8,422	12,452	7,258	11,769	4,144	10,164	4,916	9,561	3,186	8,759	4,058	8,797	1,955	11,855	649	12,786	1,050	13,329	3,504	8,802	1,208	10,819	1,849	10,846	708	12,038	1,798	12,526	694	12,264	1,575	16,200	360	12,096	879	12,213
Income taxes
1,173	37,943	17,944	13,631	2,163	2,488	53,572	25,928	1,834	3,470	64,595	120,636	2,082	24,831	69,764	45,993	3,046	59,472	49,016	53,178	1,638	56,839	42,263	90,190	3,663	30,564	20,330	89,027	2,047	32,450	25,121	73,329	1,196	2,367	5,884	6,673	1,453	20,630	29,267	38,102	718
Noncash investing activities
Accruals for equipment received
22,395	-1,429	-20,986	-1,719	49,639	18,547	-25,802	14,091	42,554	30,042	-12,268	9,373	25,879	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-