Knight-swift transportation holdings inc. (KNX)
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
Net income

287,778

310,178

394,548

425,911

438,100

420,649

716,565

614,420

541,051

485,425

60,036

53,802

78,439

95,238

66,148

104,464

112,522

118,457

183,566

197,443

186,687

161,152

147,959

127,754

137,435

155,422

164,808

180,371

164,191

140,087

134,412

119,846

105,730

102,747

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, equipment, and intangibles

473,023

462,958

453,782

444,542

437,347

430,089

421,131

358,859

281,795

207,105

134,858

35,167

74,687

116,160

704

125,320

121,047

111,023

256,795

244,312

238,688

237,936

238,153

242,038

244,127

242,822

241,304

246,620

240,141

235,764

246,609

234,402

235,968

236,356

0

0

0

Gain (Loss) on Disposition of Property Plant Equipment

24,154

32,935

37,287

39,691

40,926

36,236

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs and other

-

-

-

-

-

-

-

-

-

-

-

-

-351

-

-5,574

-4,561

-2,255

0

8,187

10,558

10,498

10,407

9,934

10,456

8,534

7,247

6,384

4,868

7,613

10,645

14,310

17,942

20,750

22,607

0

0

0

Gain on sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

3,168

-

823

11,471

17,411

15,346

23,426

26,221

23,976

23,236

30,456

24,511

21,785

21,574

17,016

17,093

15,141

16,674

15,238

11,786

9,099

6,817

0

0

0

Earn-out on sold investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Impairments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

1,480

3,788

3,788

2,308

0

0

0

-

-

-

-

9,366

0

0

0

-

-

-

-

Deferred income taxes

-55,664

-30,731

-47,526

-65,430

-63,189

-62,469

248,072

304,544

318,816

305,584

8,668

-29,211

-12,836

-5,454

-34,293

-15,929

-10,713

-21,532

45,206

42,154

5,576

3,980

4,475

40,021

79,931

102,290

84,451

70,384

65,882

45,753

42,510

45,580

41,127

49,265

0

0

0

Non-cash lease expense

117,345

120,769

97,307

59,501

27,626

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other adjustments to reconcile net income to net cash provided by operating activities

-40,983

-24,156

-128

-2,995

-2,207

-4,617

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reduction of allowance for doubtful accounts and notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

2,054

-

-3,395

-3,498

-1,787

1,359

6,151

4,852

3,965

2,844

2,539

1,303

2,326

1,370

710

1,635

675

977

1,312

635

-304

-357

0

0

0

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,175

3,901

4,355

3,824

3,730

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash loss on debt extinguishment and write-offs of deferred financing costs and original issue discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,994

-12,757

-10,399

-3,409

-5,540

-5,540

-5,996

-6,323

-22,219

0

0

0

-

-

-

-

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

4,043

-

5,520

7,670

6,946

7,012

6,122

5,926

5,818

5,396

5,072

5,500

5,101

4,645

4,040

3,663

4,228

4,890

5,792

4,983

5,844

7,001

0

0

0

Income from investment in Transportation Resource Partners

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-537

-346

-1,234

-1,115

-1,007

0

0

0

-

-

-

-

Transportation Resource Partners impairment

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income effect of mark-to-market adjustment of interest rate swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-437

-242

-155

77

680

584

805

0

0

0

-

-

-

-

-

-

-

-

Interest on Central stockholders' loan receivable, pre-acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

0

0

0

-

-

-

-

-

-

-

-

Increase (decrease) in cash resulting from changes in:
Trade receivables

-2,476

-70,106

-101,686

-32,096

-30,702

9,375

59,618

54,330

40,769

48,454

16,993

2,443

11,384

11,099

15,195

7,078

-822

-10,266

286

-3,707

2,014

63,407

35,467

28,933

31,610

16,613

-5,061

22,871

24,308

17,534

39,598

25,574

32,580

55,159

0

0

0

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories and supplies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-1,643

-2,131

297

562

2,590

3,440

137

912

-2,154

-2,049

-6,362

-1,484

1,620

328

11,142

7,991

0

0

0

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

5,145

-

-1,949

5,607

8,460

-103

7,106

-8,034

-16,145

-17,802

-35,644

-12,451

-7,662

12,013

5,893

-249

-450

1,643

12,070

-10,705

-3,910

-2,884

0

0

0

Income tax receivable

11,233

10,069

1,288

5,401

-25,442

-48,171

1,385

11,170

16,992

39,122

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

1,573

-

7,272

3,225

354

1,236

-15,314

-12,740

-13,324

-14,745

-5,334

-7,658

-5,139

-6,296

-10,872

-11,457

-7,784

-3,879

4,260

12,622

21,790

16,553

0

0

0

Accounts payable

19,715

-13,180

-15,329

-28,685

-7,662

-18,033

-35,971

-42,421

-38,231

-29,890

-2,528

-28,181

-13,418

3,788

-17,010

18,917

15,269

-8,543

-11,175

-9,972

-4,458

29,285

16,622

12,842

-108

4,758

13,621

36,144

20,090

6,951

11,816

-22,310

-9,674

6,543

0

0

0

Accrued liabilities and claims accrual

-108,362

-919

-19,676

-25,014

-16,262

-14,367

6,595

20,502

49,962

35,820

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

-119,748

-121,737

-97,677

-59,745

-27,403

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities

13,610

-3,950

-14,956

-8,042

-18,593

-8,805

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

751,485

839,594

913,744

868,877

916,565

881,977

766,891

577,588

465,970

322,590

188,429

120,720

177,145

243,776

40,234

201,532

209,723

205,765

460,190

460,501

447,781

395,781

410,454

411,341

438,859

473,504

518,399

526,914

487,748

447,118

407,545

383,821

350,481

340,184

0

0

0

Cash flows from investing activities:
Increase in cash and cash equivalents restricted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,795

-18,802

-13,938

18

6,942

11,494

14,680

-5,212

1,135

10,121

1,545

-845

-4,456

-14,474

-15,539

-20,046

-19,742

-39,126

-24,072

-12,844

0

0

0

Proceeds from maturities of held-to-maturity investments

18,730

22,695

25,040

21,697

29,753

26,970

28,520

28,948

16,262

10,730

2,835

-13,289

-6,386

0

-23,965

-7,686

-7,804

0

28,225

31,116

34,473

29,783

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of held-to-maturity investments

16,032

14,302

14,633

10,549

19,305

22,156

26,811

28,347

16,315

10,893

3,015

-12,997

-6,429

0

-22,710

-1,828

-1,587

0

26,472

23,991

27,273

28,921

52,015

43,831

31,347

28,756

5,959

12,343

18,262

22,275

0

0

0

-

-

-

-

Funding of note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,500

0

0

0

-

-

-

-

Proceeds from sale of property and equipment, including assets held for sale

237,235

260,140

253,332

230,611

233,059

225,821

203,837

168,833

126,712

82,731

45,113

7,206

36,766

65,595

45,673

96,898

93,147

72,246

92,893

102,595

117,962

133,020

160,018

148,985

133,260

119,158

112,163

132,705

123,152

142,684

136,935

118,354

105,449

77,471

0

0

0

Payments to Acquire Property, Plant, and Equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

-

-

-

-

-

755,997

798,004

572,092

426,640

387,191

120,493

121,147

137,163

154,596

86,830

123,925

194,104

221,660

355,711

337,595

307,914

305,966

292,394

289,019

316,534

318,271

330,098

347,360

331,691

314,142

302,883

269,839

254,607

249,895

0

0

0

Payments to Acquire Other Property, Plant, and Equipment

12,174

16,093

19,411

18,786

28,119

30,322

26,259

21,050

8,027

1,553

720

-12,503

-6,960

0

-19,777

1,042

4,647

0

20,930

13,523

4,845

4,053

3,873

18,792

19,103

18,415

23,547

11,431

11,154

12,040

8,807

6,201

7,599

8,965

0

0

0

Proceeds from notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

1,311

-

-10

1,204

841

1,779

4,859

6,791

5,993

5,481

4,852

4,020

4,387

3,868

4,366

4,820

5,002

5,948

6,573

6,752

7,667

7,334

0

0

0

Payments received on assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

18,215

-

13,256

16,022

24,872

25,326

26,210

44,316

33,927

53,486

48,806

25,211

32,846

12,778

13,266

15,126

8,725

11,018

0

0

0

Payments received on equipment sale receivables

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

293

-5

251

368

552

1,191

1,323

1,450

1,328

790

772

5,642

0

0

0

-

-

-

-

Proceeds from Equity Method Investment, Distribution, Return of Capital

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash proceeds from Transportation Resource Partners

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash and equivalents invested in acquisitions

48,696

1,885

1,885

0

124

101,693

101,693

9,733

9,609

-91,960

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other cash flows from investing activities

10,002

4,284

1,444

2,278

-8,685

-10,085

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

270

0

0

0

-

-

-

-

Net cash used in investing activities

-664,567

-583,706

-648,217

-638,610

-581,362

-647,292

-708,039

-420,482

-309,295

-204,263

23,900

-123,260

-104,129

-101,060

-22,796

3,706

-84,271

-138,335

-270,529

-230,084

-171,161

-139,750

-109,525

-268,694

-311,217

-311,720

-336,077

-192,904

-183,566

-169,129

-155,535

-113,523

-129,638

-149,918

0

0

0

Cash flows from financing activities:
Proceeds from issuance of Class A common stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62,994

0

0

0

Repayment of finance leases and long-term debt

121,749

115,642

96,283

66,200

45,937

46,630

88,314

520,524

512,237

503,153

454,148

-112,528

-50,535

0

-954,561

63,751

31,241

0

1,407,101

566,019

1,197,396

1,224,628

808,986

813,572

185,619

236,388

278,072

270,704

338,707

311,935

268,232

307,830

213,027

224,269

0

0

0

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,134,504

454,504

904,504

900,000

449,999

452,739

7,067

26,267

0

0

0

-

-

-

-

-

-

-

-

Borrowings (repayments) on revolving line of credit, net

234,000

84,000

55,000

150,000

5,000

70,000

150,000

120,000

37,000

107,000

33,000

3,000

-94,000

-94,000

-225,400

-80,400

34,600

-22,400

118,000

-99,000

0

40,000

20,000

89,156

-9,938

14,469

0

0

0

-

-

-

-

-

-

-

-

Borrowings under accounts receivable securitization

125,000

150,000

185,000

145,000

95,000

70,000

0

0

0

-

-

-

-

0

-65,000

75,000

-10,000

0

84,000

49,000

129,000

119,000

104,000

199,000

128,000

184,000

224,000

161,000

222,000

255,000

310,000

351,000

330,000

263,000

0

0

0

Repayment of accounts receivable securitization

120,000

185,000

215,000

215,000

200,000

135,000

105,000

105,000

25,000

0

0

0

0

-

-

-

-

-

149,000

104,000

94,000

49,000

49,000

45,000

73,000

124,000

168,000

199,000

181,000

231,000

286,000

324,000

303,000

254,500

0

0

0

Issuance of Central stockholders' loan receivable, pre-acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,000

0

0

0

-

-

-

-

-

-

-

-

Distribution to Central stockholders, pre-acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,499

0

0

0

-

-

-

-

-

-

-

-

Payment of deferred loan costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,183

2,183

2,197

4,348

9,023

0

0

0

-

-

-

-

Proceeds from common stock issued

13,623

13,307

11,799

7,976

12,027

13,547

16,126

18,099

15,850

13,483

13,593

15,825

13,871

13,188

11,584

8,296

8,662

9,930

12,684

12,108

11,869

12,604

11,110

13,574

14,484

13,945

0

0

0

-

-

-

-

-

-

-

-

Share withholding for taxes due on equity awards

-

-

-

-

-

-

-

-

-

-

-

-

2,927

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of the Company's common stock

121,522

86,892

0

0

0

-

-

-

-

-

-

-

-

39,873

85,218

135,345

90,345

45,345

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

44,717

41,425

41,667

41,991

42,459

42,770

42,972

37,259

31,346

25,454

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash distribution to noncontrolling interest holder

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,175

3,901

4,355

3,824

3,730

2,599

2,526

775

187

0

0

0

-

-

-

-

-

-

-

-

Other cash flows from financing activities

-3,372

-2,984

-3,740

-4,270

-4,014

-5,271

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-743

0

0

0

-

-

-

-

Net cash used in financing activities

-38,737

-184,636

-271,101

-290,695

-359,701

-255,442

-118,170

-78,974

-66,437

24,000

-16,514

72,484

-71,661

-143,004

20,808

-151,590

-62,297

-75,805

-206,251

-250,294

-253,982

-210,077

-282,062

-112,629

-120,290

-156,202

-174,214

-326,015

-313,120

-306,477

-250,502

-281,075

-196,344

-157,312

0

0

0

Net decrease in cash, restricted cash, and equivalents

48,181

71,252

-5,574

-60,428

-24,498

-20,757

-59,318

78,132

90,238

142,327

195,815

69,944

1,355

-288

38,246

53,648

63,155

-8,375

-16,590

-19,877

22,638

45,954

18,867

30,018

7,352

5,582

8,108

7,995

-8,938

-28,488

1,508

-10,777

24,499

32,954

0

0

0

Repayments of Short-term Debt

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosures of cash flow information:
Cash paid (received) during the period for:
Interest

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

0

15,733

-

3,083

-14,834

-7,056

941

-35,435

-8,625

-4,794

1,037

66,786

65,585

91,399

89,341

95,214

103,746

100,177

103,238

107,598

106,155

109,298

121,940

132,420

137,078

143,592

123,426

0

0

0

Income taxes

82,062

78,658

77,346

75,148

17,136

16,106

17,254

48,891

51,521

51,817

61,938

4,333

16,665

18,467

-4,503

45,272

65,031

65,594

100,610

111,542

80,820

82,776

59,524

37,663

21,180

20,625

23,570

20,496

23,098

22,410

21,864

12,596

11,337

9,959

0

0

0

Non-cash investing activities and financing activities
Non-cash investing and financing transactions:
Equipment acquired included in accounts payable

-2,740

6,748

7,389

29,268

58,899

11,931

43,697

40,719

14,601

8,361

13,740

256

3,390

3,619

-1,114

-981

-54,970

4,251

7,253

24,906

35,778

35,831

8,720

-604

34,872

7,710

34,420

26,091

28,196

14,361

13,731

12,927

11,403

2,373

0

0

0

Notes receivable from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,089

10,286

8,042

8,247

7,784

4,372

1,301

1,389

4,283

0

0

0

Equipment sales receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-5

1,197

5,957

0

-585

-165

-6,335

288

1,434

809

5,967

1,252

-3,323

-150

2,666

705

4,166

4,101

5,356

5,500

0

0

0

Financing provided to independent contractors for equipment sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,473

9

787

6,525

4,964

3,967

5,431

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash investing and financing activities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for new operating lease liabilities

3,624

9,803

9,285

8,643

7,883

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment obtained in exchange for financing lease liabilities reclassified from operating lease liabilities

68,638

56,352

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer from property and equipment to assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment obtained in exchange for new capital lease obligations (under ASC Topic 840)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

180,167

149,359

111,569

101,581

64,351

63,026

71,286

85,094

85,094

79,033

35,162

38,453

97,106

78,184

75,752

59,358

0

0

0

Net dividends accrued for restricted stock units

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued deferred loan costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-228

-242

-45

0

0

0

0

-

-

-

-

Insurance premium notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,198

0

0

0

-

-

-

-

-

-

-

-

Financing provided to independent contractors for equipment sold [Member]
Other non-cash investing and financing activities

4,737

5,288

1,440

1,862

2,857

1,742

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers from property and equipment to assets held for sale [Member]
Other non-cash investing and financing activities

126,524

137,391

158,901

149,892

137,185

133,434

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warehousing Co [Member]
Right-of-use assets obtained in exchange for new operating lease liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-