Landstar system inc (LSTR)
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

205,298

227,703

245,955

259,648

261,040

255,213

251,596

227,068

202,086

176,996

151,887

145,745

140,549

137,350

135,631

138,701

146,858

147,689

148,325

145,732

141,186

138,809

159,875

152,366

146,867

146,009

120,430

124,285

129,714

129,781

128,497

125,554

119,297

113,007

104,192

95,570

90,182

86,582

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,087

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization of operating property and intangible assets

44,657

44,468

44,095

44,154

43,889

43,570

43,119

42,495

41,623

40,560

39,648

38,534

37,292

35,796

33,958

32,127

30,521

29,102

28,409

28,310

27,826

27,575

27,343

27,437

27,997

27,667

25,480

25,372

24,911

25,213

25,045

24,522

24,246

23,905

25,696

25,603

25,411

24,804

0

0

0

Non-cash interest charges

253

253

253

253

253

253

254

252

252

253

252

253

248

238

229

221

217

218

218

218

219

218

219

219

218

219

218

218

219

218

218

218

217

218

219

218

219

219

0

0

0

Provisions for losses on trade and other accounts receivable

11,803

9,831

8,997

7,312

6,830

7,415

7,156

8,135

8,317

7,439

7,302

6,385

6,098

5,735

5,299

5,497

6,682

5,890

6,159

6,009

5,288

5,315

5,133

4,840

3,655

3,755

3,895

4,621

4,792

4,886

6,754

6,594

7,323

7,626

4,685

4,344

4,115

3,916

0

0

0

Gains on sales/disposals of operating property

998

1,016

1,142

1,210

1,003

979

899

1,061

1,163

774

1,156

2,417

3,066

3,477

3,159

1,799

983

216

466

1,585

2,191

2,143

2,374

1,729

2,769

3,352

3,020

3,166

3,244

2,815

2,749

2,388

550

274

-235

-988

-1,101

-1,058

0

0

0

Deferred income taxes, net

-3,485

-4,767

-1,807

-1,590

-4,951

-2,115

8,864

13,212

17,079

17,031

3,305

-2,051

-2,937

-6,328

-14,760

-10,976

-8,589

-6,792

-9,737

-5,989

-8,407

-5,434

3,376

67

-1,349

-4,700

-2,768

-3,431

-393

-4,261

-20,499

-20,687

-16,270

-10,071

5,272

2,297

1,348

-525

0

0

0

Stock-based compensation

2,929

4,236

9,723

13,522

16,484

18,256

17,064

13,586

10,437

7,721

3,689

2,918

2,641

2,747

4,704

5,748

6,358

6,925

7,518

7,241

7,300

6,797

4,996

4,718

4,457

4,911

5,669

5,955

6,242

6,149

5,842

5,725

5,332

5,012

4,985

4,874

4,789

4,769

0

0

0

Changes in operating assets and liabilities:
Decrease in trade and other accounts receivable

-18,279

-81,415

-87,973

-81,052

-24,185

57,419

152,516

206,969

194,761

181,235

146,694

86,424

57,648

6,233

-48,408

-76,840

-58,616

-20,713

18,171

-5,402

-11,110

60,454

31,312

104,694

86,133

28,584

-11,813

-34,448

1,707

35,140

43,830

70,934

67,494

95,349

103,469

54,381

60,688

38,206

0

0

0

Decrease in other assets

3,637

11,395

14,312

9,233

5,044

2,962

3,074

5,845

-2,519

1,966

3,193

421

659

-9,298

3,187

5,712

2,610

1,177

789

-8,142

-3,730

9,046

1,609

10,533

3,955

1,214

88

-893

-270

-2,547

1,424

2,790

482

-1,930

-1,882

-582

1,859

1,752

0

0

0

Increase (decrease) in accounts payable

-1,006

-42,138

-28,286

-26,199

-9,299

22,527

37,690

80,191

75,156

68,859

68,766

35,469

26,652

-9,598

-6,879

-29,336

-24,180

3,632

2,311

21,472

25,130

62,281

46,042

46,342

26,795

8,881

-28,082

-27,516

5,849

13,018

27,738

24,167

720

21,583

33,781

15,777

27,199

16,267

0

0

0

Increase (decrease) in other liabilities

-9,606

-17,786

-10,954

-1,460

4,782

8,367

12,350

14,281

8,537

22,085

18,704

12,511

11,921

288

-365

2,314

12,526

1,222

4,681

-528

-20,156

-2,468

-10,075

-11,467

757

-3,308

-10,005

-11,182

232

-6,857

-20,021

-3,123

-8,866

-4,537

15,019

5,695

4,993

11,200

0

0

0

Increase (decrease) in insurance claims

14,183

7,502

10,301

-481

247

1,545

7,028

13,272

13,093

16,056

15,309

10,302

13,187

11,770

9,836

3,563

-3,804

-4,768

-10,576

-56,116

-70,379

-70,449

-60,532

13,801

30,419

30,048

19,182

-6,524

-10,293

-17,715

-12,051

18,738

22,922

32,435

39,732

10,791

5,529

-624

0

0

0

NET CASH PROVIDED BY OPERATING ACTIVITIES

285,640

307,840

354,410

368,948

347,315

297,901

210,904

172,193

149,017

138,963

151,209

164,906

180,152

190,242

239,235

239,140

238,790

216,022

177,356

170,286

137,470

101,869

99,949

86,109

113,599

152,645

142,339

145,657

153,134

120,331

133,054

145,506

117,471

114,163

124,869

105,978

101,253

108,758

0

0

0

INVESTING ACTIVITIES
Net changes in other short-term investments

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-1,730

0

0

0

Sales and maturities of investments

45,146

62,922

73,784

74,522

64,617

51,576

47,784

41,355

45,985

56,442

54,132

51,827

54,314

41,795

39,719

45,482

38,669

38,684

39,219

30,527

30,794

34,701

30,539

35,311

40,633

38,777

45,404

44,047

36,818

33,028

22,417

35,629

52,216

67,174

73,688

66,873

56,975

39,187

0

0

0

Purchases of investments

48,045

65,922

76,574

77,200

67,349

54,041

50,377

43,797

48,225

58,504

56,014

53,512

56,017

43,529

41,425

48,563

44,321

44,238

44,799

34,718

32,522

36,473

32,442

37,263

42,519

50,613

57,232

55,821

53,835

56,897

44,395

55,205

63,977

58,413

63,232

57,543

80,193

65,818

0

0

0

Purchases of operating property

20,639

19,416

17,621

14,850

10,509

9,747

14,111

13,079

14,422

15,586

13,612

20,318

26,795

22,645

18,839

10,709

3,182

4,804

5,206

12,235

12,257

10,539

10,704

4,983

5,383

6,373

5,760

5,150

6,084

5,388

4,592

3,777

2,842

3,624

5,491

5,650

7,074

27,505

0

0

0

Proceeds from sales of operating property

3,942

3,991

4,097

4,298

3,863

4,018

3,980

4,178

4,652

4,032

5,184

8,214

9,604

10,212

8,740

5,195

3,302

1,685

2,872

6,336

7,845

7,465

7,209

5,295

8,044

9,711

9,395

10,306

10,600

9,730

10,919

9,906

5,158

4,385

3,201

2,074

1,931

1,686

0

0

0

NET CASH USED BY INVESTING ACTIVITIES

-19,596

-18,556

-16,314

-13,230

-9,378

-8,194

-12,985

-19,803

-20,470

-22,076

-18,509

-13,789

-18,894

-14,167

-11,805

-8,595

-5,532

-8,673

-2,935

-6,865

-2,891

-4,846

68,219

69,640

72,031

66,007

-12,284

-6,618

-12,501

-19,527

-15,651

-13,447

-9,445

9,522

9,747

5,754

-25,394

-50,720

0

0

0

FINANCING ACTIVITIES
Decrease in cash overdraft

-5,517

-1,461

4,866

-1,745

5,199

13,097

5,906

11,220

6,947

5,991

6,128

3,790

-700

642

-1,941

-1,362

1,663

980

-2,566

4,515

7,231

6,849

10,213

4,564

-1,791

2,617

-4,297

-1,031

622

-339

3,568

-2,365

-746

938

564

-3,946

116

-4,042

0

0

0

Dividends paid

107,545

27,891

27,246

26,694

26,254

88,918

86,460

83,875

81,461

15,938

15,499

15,094

14,706

14,332

13,987

13,684

13,372

57,882

57,601

57,245

56,871

27,606

0

0

0

-

-

-

-

33,981

10,532

10,352

10,163

9,983

9,826

9,683

9,554

9,422

0

0

0

Proceeds from exercises of stock options

1,312

1,056

667

739

775

1,435

2,049

2,260

2,445

3,183

3,420

3,391

3,941

2,329

1,823

1,825

1,135

1,459

1,862

2,183

3,056

3,760

3,044

2,549

1,845

2,323

2,326

2,113

2,247

4,383

4,679

4,625

4,702

1,025

789

707

1,571

1,660

0

0

0

Taxes paid in lieu of shares issued related to stock-based compensation plans

3,527

8,456

8,451

9,564

9,157

3,938

4,446

3,328

3,246

881

1,699

1,718

1,855

3,043

1,764

1,832

1,683

2,225

3,798

4,400

4,460

4,041

2,418

1,857

1,783

1,766

1,767

1,634

1,632

3,023

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

1,386

362

432

334

671

1,825

2,347

2,481

2,500

1,333

766

599

349

255

117

142

751

278

325

362

-683

-98

301

1,390

1,580

0

0

0

Borrowings on revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,000

0

0

0

Purchases of common stock

191,563

88,578

191,177

172,328

219,556

208,087

0

0

0

-

-

-

-

50,516

104,454

103,002

140,080

161,152

107,214

84,635

50,641

56,393

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

102,736

0

0

0

Principal payments on finance lease obligations

43,563

44,635

44,761

44,173

43,446

43,283

43,752

45,102

46,175

46,751

48,007

48,908

48,585

47,492

44,695

41,409

38,617

36,520

36,277

35,418

33,772

37,416

45,883

50,324

54,783

61,774

49,100

61,998

115,125

121,278

131,850

112,113

53,228

33,245

23,936

25,044

25,704

26,273

0

0

0

Purchase of noncontrolling interest

-

600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,000

0

0

0

-

-

-

-

Payment of contingent consideration

-

-

-

-

-

985

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from discontinued operations:
Operating activities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,368

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,369

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,831

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH USED BY FINANCING ACTIVITIES

-350,403

-170,565

-266,702

-254,365

-293,039

-330,679

-233,176

-225,298

-123,983

-54,396

-54,614

-82,509

-102,004

-112,074

-165,704

-159,032

-190,620

-254,669

-203,769

-172,653

-132,976

-112,347

-127,469

-134,929

-171,102

-117,747

-126,455

-147,934

-110,979

-119,313

-110,048

-109,940

-102,649

-90,500

-120,562

-117,607

-113,410

-99,233

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-3,042

1,060

-934

218

-878

-1,708

-510

-553

573

1,028

850

124

-70

376

180

-569

-1,241

-2,104

-2,344

-1,475

-882

-1,034

-652

-465

-925

-718

-498

-203

-186

243

17

-448

-173

-171

280

338

288

182

0

0

0

(Decrease) increase in cash and cash equivalents

-87,401

119,779

70,460

101,571

44,020

-42,680

-35,767

-73,461

5,137

63,519

78,936

68,732

59,184

64,377

61,906

70,944

41,397

-49,424

-31,692

-10,707

721

-16,358

43,039

25,659

23,384

106,018

17,591

3,079

37,168

-6,616

10,552

24,851

8,384

36,194

14,334

-5,537

-37,263

-41,013

0

0

0