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

61,243

61,071

61,060

59,730

58,242

55,027

104,364

96,962

92,401

90,284

33,513

34,095

33,485

33,464

33,951

33,924

33,750

35,745

35,924

35,166

34,735

29,834

28,166

28,491

28,232

30,147

30,565

29,106

29,023

27,267

27,211

27,026

25,636

24,285

0

0

0

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

98,021

95,137

92,600

90,582

89,313

88,585

87,525

86,439

85,552

85,120

85,115

84,719

83,781

82,445

81,059

79,600

77,543

75,323

73,223

71,145

69,699

68,243

66,810

65,805

65,159

64,476

63,945

63,234

62,057

60,904

60,287

59,508

58,550

57,531

0

0

0

Tires in service amortization

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of revenue equipment

8,687

8,680

7,375

6,651

7,581

7,244

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

6,373

6,250

6,192

5,302

5,034

4,769

4,557

3,800

0

0

0

Deferred income taxes

16,994

16,045

4,758

4,737

5,120

5,351

-42,150

-44,205

-49,594

-47,228

5,236

6,852

13,226

13,490

25,349

16,938

16,094

14,720

12,834

11,883

10,652

9,422

-4,187

3,324

3,815

4,303

5,794

5,341

4,486

4,822

5,756

5,413

9,119

10,076

0

0

0

Excess tax benefits from share-based payment arrangement exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

450

453

269

115

0

0

0

-

-

-

-

336

282

566

506

142

0

0

0

Share-based payment arrangement compensation expense

1,680

1,800

2,593

3,092

3,345

3,300

2,486

1,780

1,472

1,300

1,058

945

742

883

956

1,216

1,421

1,404

1,390

1,166

983

921

942

1,044

1,078

1,084

1,040

1,085

1,194

1,225

1,466

1,545

1,359

1,349

0

0

0

Equity in loss from affiliate

-104

-155

-84

94

254

493

433

324

60

-271

-668

-957

-1,032

-1,018

-733

-478

-266

-296

-391

-427

50

246

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distribution from affiliate

-

-

-

-

-

-

-

-

-

400

0

0

400

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adoption of accounting standard

-

-

-

-

-

485

485

485

485

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefits from share-based payment arrangement exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

46

-133

-223

26

373

469

473

287

159

0

0

0

-

-

-

-

409

350

350

269

164

0

0

0

Income before income taxes attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84

114

175

420

497

566

823

831

807

0

0

0

Changes in other current operating items:
Receivables

14,105

13,638

1,446

2,075

911

8,131

11,012

18,019

14,280

5,974

2,798

547

3,962

-8,518

-919

-8,688

-2,516

-7,968

-4,212

-3,828

-1,995

14,913

2,578

10,409

4,376

6,478

4,756

4,371

7,409

7,795

6,044

10,779

-4,346

-1,247

0

0

0

Prepaid expenses and other

512

524

-240

-152

-180

114

2,553

2,241

2,084

503

-452

513

273

1,173

912

1,210

1,661

1,274

2,322

1,963

1,802

1,586

733

113

-100

25

-197

44

-569

64

492

-36

-590

2,020

0

0

0

Accounts payable

3,778

5,259

1,409

-796

7,469

1,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance and claims accruals

5,043

3,626

5,352

5,333

3,967

1,926

98

3,763

4,832

6,737

7,436

4,411

3,477

3,205

2,929

3,755

2,273

2,237

1,073

-1,367

-15

-406

-65

983

1,259

566

0

0

0

-

-

-

-

-

-

-

0

Accrued and other current liabilities

-4,590

-7,088

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other current liabilities

-

-

-

-

-

-

-

-

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

0

0

0

-

0

0

0

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,298

1,558

5,234

-441

2,095

0

0

0

-

-

-

-

Net cash provided by operating activities

159,032

153,180

158,136

156,757

165,069

150,623

139,266

124,034

107,387

121,879

124,241

118,870

116,410

133,801

131,518

137,045

130,573

128,670

125,010

113,052

107,625

81,971

81,721

82,072

94,701

89,187

88,599

93,337

87,754

85,539

88,251

83,762

77,994

86,206

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,924

0

0

0

-

-

-

-

-

-

-

-

Other

39

25

12

22

31

15

37

36

36

43

43

43

42

42

42

40

41

39

40

42

42

37

35

35

135

35

34

34

-66

34

36

36

-222

-102

0

0

0

Net cash used for investing activities

-167,125

-137,229

-108,506

-86,271

-80,614

-101,270

-100,145

-107,530

-101,748

-95,318

-112,463

-104,577

-108,699

-97,290

-90,397

-121,424

-127,872

-125,081

-126,929

-92,408

-103,984

-118,606

-105,197

-89,839

-83,021

-74,722

-75,237

-87,227

-86,027

-88,115

-101,805

-91,696

-58,577

-48,271

0

0

0

Cash flows used for financing activities:
Dividends on common stock

42,700

42,100

41,800

6,100

5,735

5,500

5,501

5,465

4,948

4,400

3,815

3,265

3,258

3,252

3,260

3,286

3,316

3,342

3,353

3,348

3,342

3,339

3,336

3,331

3,050

2,769

19,071

18,793

18,791

18,679

1,985

1,873

1,760

1,758

0

0

0

Borrowings under credit facility and long-term debt

-

-

-

-

-

-

-

-

-

40,831

80,375

134,459

174,278

179,687

177,599

204,508

164,689

141,908

0

0

0

-

-

-

-

82,697

0

0

0

-

-

-

-

37,632

0

0

0

Repayment of borrowings under credit facility and long-term debt

-

-

-

-

-

-

-

-

-

48,717

88,924

138,835

174,278

209,668

195,330

200,132

164,689

128,414

0

0

0

-

-

-

-

85,423

0

0

0

-

-

-

-

56,978

0

0

0

Repurchase and retirement of common stock

0

-

-

-

0

-

-

-

-

-

-

-

-

7,513

23,688

23,688

23,688

16,175

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock from share-based payment arrangement exercises

2,382

1,620

1,460

847

944

938

1,023

1,056

761

1,090

1,870

3,245

3,503

4,416

4,635

3,241

4,045

3,490

2,522

2,551

1,817

1,214

1,899

1,913

1,474

1,126

634

531

449

968

616

890

783

137

0

0

0

Change in checks issued in excess of cash balances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-745

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-1,066

0

0

0

Excess tax benefits from share-based payment arrangement exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

450

453

269

115

0

0

0

-

-

-

-

336

282

282

208

142

0

0

0

Employee taxes paid in exchange for shares withheld

437

784

784

784

784

104

104

104

104

47

47

47

47

127

127

127

127

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84

-23

22

103

123

746

583

425

529

0

0

0

Net cash used for financing activities

-41,297

-41,253

-44,889

-9,697

-9,327

-8,381

-4,541

-4,559

-4,306

-11,258

-10,794

-4,443

198

-36,457

-41,091

-19,912

-23,245

-3,278

1,877

-17,101

-1,256

23,108

22,591

8,088

-1,406

-4,288

-17,417

-10,724

-18,324

-14,772

-1,833

-1,820

-1,820

-22,420

0

0

0

Net change in cash and cash equivalents

-49,390

-25,302

4,741

60,789

75,128

40,972

34,580

11,945

1,333

15,303

984

9,850

7,909

54

30

-4,291

-20,544

311

-42

3,543

2,385

-13,527

-885

321

10,274

10,177

-4,055

-4,614

-16,597

-17,348

-15,387

-9,754

17,597

15,515

0

0

0

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

6,326

249

9,147

10,604

-11,067

-3,604

-539

-7,505

9,795

-1,559

-8,014

1,135

5,536

4,511

1,897

-20,825

-2,348

2,853

2,000

21,400

-2,127

-3,973

4,486

1,921

-5,748

6,644

-2,106

-2,597

-4,273

-6,203

-1,499

6,443

15,890

1,499

0

0

0

Operating lease assets and liabilities acquired

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of cash flow information:
Income taxes

3,571

4,953

11,168

12,821

10,445

9,526

6,129

7,311

14,528

14,355

13,657

11,554

7,255

31

3,977

5,930

7,332

2,121

2,314

7,561

12,274

26,766

23,176

20,201

14,840

16,190

15,128

12,323

11,854

8,836

10,641

9,602

6,637

-2,559

0

0

0

Interest

41

52

53

53

53

50

146

142

135

151

81

116

151

214

290

326

311

252

201

185

183

179

142

114

119

97

0

0

0

-

-

-

-

36

0

0

0

Revenue Equipment [Member]
Revenue equipment additions

215,607

184,680

157,460

136,619

136,623

161,160

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from equipment dispositions

52,780

51,025

53,347

54,187

60,042

67,262

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from buildings and land, office equipment and other dispositions

52,780

51,025

53,347

54,187

60,042

67,262

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

5,433

4,723

4,386

3,822

4,007

7,362

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-