Marten transport ltd (MRTN)
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'11
Cash flows provided by operating activities:
Net income

13,718

15,748

16,587

15,190

13,546

15,737

15,257

13,702

10,331

65,074

7,855

9,141

8,214

8,303

8,437

8,531

8,193

8,790

8,410

8,357

10,188

8,969

7,652

7,926

5,287

7,301

7,977

7,667

7,202

7,719

6,518

7,584

5,446

7,663

6,333

6,194

4,095

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

25,427

24,842

24,290

23,462

22,543

22,305

22,272

22,193

21,815

21,245

21,186

21,306

21,383

21,240

20,790

20,368

20,047

19,854

19,331

18,311

17,827

17,754

17,253

16,865

16,371

16,321

16,248

16,219

15,688

15,790

15,537

15,042

14,535

15,173

14,758

14,084

13,516

Tires in service amortization

1,706

-

-

-

1,660

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of revenue equipment

1,555

3,343

2,559

1,230

1,548

2,038

1,835

2,160

1,211

-

-

-

-

-

-

-

-

-

0

0

3,712

-

-

-

-

-

1,472

1,237

2,415

1,249

1,349

1,179

1,525

981

1,084

967

768

Deferred income taxes

1,768

9,568

3,876

1,782

819

-1,719

3,855

2,165

1,050

-49,220

1,800

-3,224

3,416

3,244

3,416

3,150

3,680

15,103

-4,995

2,306

2,306

13,217

-5,946

1,075

1,076

-392

1,565

1,566

1,564

1,099

1,112

711

1,900

2,033

769

4,417

2,857

Excess tax benefits from share-based payment arrangement exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

269

159

18

7

85

5

-

-

-

-

54

0

67

215

0

284

7

-149

Share-based payment arrangement compensation expense

246

405

393

636

366

1,198

892

889

321

384

186

581

149

142

73

378

290

215

333

583

273

201

109

400

211

222

211

434

217

178

256

543

248

419

335

357

238

Equity in loss from affiliate

0

-11

-76

-17

-51

60

102

143

188

0

-7

-121

-143

-397

-296

-196

-129

-112

-41

16

-159

-207

-77

493

37

-

-

-

-

-

-

-

-

-

-

-

-

Distribution from affiliate

-

-

-

-

-

-

-

-

-

0

0

0

400

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adoption of accounting standard

-

-

-

-

-

0

0

0

485

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefits from share-based payment arrangement exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

101

93

21

-169

-78

3

270

178

18

7

84

50

-

-

-

-

59

0

78

272

0

0

-3

167

Income before income taxes attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

84

30

61

245

161

99

318

253

137

Changes in other current operating items:
Receivables

782

12,220

-1,380

2,483

315

28

-751

1,319

7,535

2,909

6,256

-2,420

-771

-267

4,005

995

-13,251

7,332

-3,764

7,167

-18,703

11,088

-3,380

9,000

-1,795

-1,247

4,451

2,967

307

-2,969

4,066

6,005

693

-4,720

8,801

-9,120

3,792

Prepaid expenses and other

-930

1,872

-1,148

718

-918

1,108

-1,060

690

-624

3,547

-1,372

533

-2,205

2,592

-407

293

-1,305

2,331

-109

744

-1,692

3,379

-468

583

-1,908

2,526

-1,088

370

-1,783

2,304

-847

-243

-1,150

2,732

-1,375

-797

1,460

Accounts payable

617

3,490

1,682

-2,011

2,098

-360

-523

6,254

-3,571

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance and claims accruals

2,695

1,082

-260

1,526

1,278

2,808

-279

160

-763

980

3,386

1,229

1,142

1,679

361

295

870

1,403

1,187

-1,187

834

239

-1,253

165

443

580

-205

441

-250

-

-

-

-

-

-

-

-496

Accrued and other current liabilities

-1,290

-4,621

-602

1,923

-3,788

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other current liabilities

-

-

-

-

-

-

-

-

1,824

-

1,862

-1,624

954

-

-2,424

-3,862

8,903

-

3,362

-43

6,034

-

-2,633

-1,889

1,072

-

-

-

-

-

2,948

4,630

-2,464

-

-4,838

2,061

3,142

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,046

-2,763

4,083

-1,572

1,810

913

-1,592

964

-

-

-

-

Net cash provided by operating activities

43,480

33,570

46,101

35,881

37,628

38,526

44,722

44,193

23,182

27,169

29,490

27,546

37,674

29,531

24,119

25,086

55,065

27,248

29,646

18,614

53,162

23,588

17,688

13,187

27,508

23,338

18,039

25,816

21,994

22,750

22,777

20,233

19,779

25,462

18,288

14,465

27,991

Cash flows used for investing activities:
Decrease in cash and cash equivalents resulting from change to equity method of accounting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,924

-

-

-

-

-

-

-

-

Other

39

0

0

0

25

-13

10

9

9

9

9

9

16

9

9

8

16

9

7

9

14

10

9

9

9

8

9

109

-91

7

9

9

9

9

9

-249

129

Net cash used for investing activities

-36,632

-41,151

-51,900

-37,442

-6,736

-12,428

-29,665

-31,785

-27,392

-11,303

-37,050

-26,003

-20,962

-28,448

-29,164

-30,125

-9,553

-21,555

-60,191

-36,573

-6,762

-23,403

-25,670

-48,149

-21,384

-9,994

-10,312

-41,331

-13,085

-10,509

-22,302

-40,131

-15,173

-24,199

-12,193

-7,012

-4,867

Cash flows used for financing activities:
Dividends on common stock

2,200

1,700

37,100

1,700

1,600

1,400

1,400

1,335

1,365

1,401

1,364

818

817

816

814

811

811

824

840

841

837

835

835

835

834

832

830

554

553

17,134

552

552

441

440

440

439

439

Borrowings under credit facility and long-term debt

-

-

-

-

-

-

-

-

-

10,015

0

0

30,816

49,559

54,084

39,819

36,225

47,471

80,993

0

13,444

-

-

-

-

5,151

40,600

34,297

2,649

-

-

-

-

2,250

0

53

35,329

Repayment of borrowings under credit facility and long-term debt

-

-

-

-

-

-

-

-

-

10,015

0

0

38,702

50,222

49,911

35,443

74,092

35,884

54,713

0

37,817

-

-

-

-

5,972

47,166

26,910

5,375

-

-

-

-

2,250

0

53

54,675

Repurchase and retirement of common stock

597

-

-

-

0

-

-

-

-

-

-

-

-

0

0

0

7,513

16,175

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock from share-based payment arrangement exercises

1,054

203

659

466

292

43

46

563

286

128

79

268

615

908

1,454

526

1,528

1,127

60

1,330

973

159

89

596

370

844

103

157

22

352

0

75

541

0

274

-32

-105

Change in checks issued in excess of cash balances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-687

687

0

-745

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-1,066

Excess tax benefits from share-based payment arrangement exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

269

159

18

7

85

5

-

-

-

-

54

0

67

215

0

0

-7

149

Employee taxes paid in exchange for shares withheld

437

0

0

0

784

0

0

0

104

0

0

0

47

0

0

0

127

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

84

-107

45

81

104

516

-118

-77

208

Net cash used for financing activities

-2,173

-1,438

-36,513

-1,173

-2,129

-5,074

-1,321

-803

-1,183

-1,234

-1,339

-550

-8,135

-770

5,012

4,091

-44,790

-5,404

26,191

758

-24,823

-249

7,213

16,603

-459

-766

-7,290

7,109

-3,341

-13,895

-597

-491

211

-956

-584

-491

-20,389

Net change in cash and cash equivalents

4,675

-9,019

-42,312

-2,734

28,763

21,024

13,736

11,605

-5,393

14,632

-8,899

993

8,577

313

-33

-948

722

289

-4,354

-17,201

21,577

-64

-769

-18,359

5,665

12,578

437

-8,406

5,568

-1,654

-122

-20,389

4,817

307

5,511

6,962

2,735

Supplemental non-cash disclosure:
Change in property and equipment not yet paid

11,107

-10,278

-891

6,388

5,030

-1,380

566

-15,283

12,493

1,685

-6,400

2,017

1,139

-4,770

2,749

6,418

114

-7,384

-19,973

24,895

5,315

-8,237

-573

1,368

3,469

222

-3,138

-6,301

15,861

-8,528

-3,629

-7,977

13,931

-3,824

4,313

1,470

-460

Operating lease assets and liabilities acquired

88

-

-

-

1,135

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of cash flow information:
Income taxes

0

506

304

2,761

1,382

6,721

1,957

385

463

3,324

3,139

7,602

290

2,626

1,036

3,303

-6,934

6,572

2,989

4,705

-12,145

6,765

8,236

9,418

2,347

3,175

5,261

4,057

3,697

2,113

2,456

3,588

679

3,918

1,417

623

-8,517

Interest

0

13

16

12

11

14

16

12

8

110

12

5

24

40

47

40

87

116

83

25

28

65

67

23

24

28

39

28

2

-

-

-

-

4

0

3

29

Revenue Equipment [Member]
Revenue equipment additions

44,086

57,524

66,372

47,625

13,159

30,304

45,531

47,629

37,696

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from equipment dispositions

9,459

16,500

15,646

11,175

7,704

18,822

16,486

17,030

14,924

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from buildings and land, office equipment and other dispositions

9,459

16,500

15,646

11,175

7,704

18,822

16,486

17,030

14,924

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buildings And Land Office Equipment And Other [Member]
Revenue equipment additions

1,966

1,301

1,174

992

1,256

964

610

1,177

4,611

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-