Patriot transportation holding, inc. (PATI)
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'13
Cash flows from operating activities:
Net income (loss)

-401

-464

194

396

289

884

629

1,086

-188

3,592

201

456

260

912

2,088

1,379

863

1,375

1,585

1,003

-351

1,102

769

1,409

279

740

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

2,253

2,376

2,101

2,130

2,126

2,117

2,243

2,301

2,416

2,509

2,514

2,541

2,587

2,651

2,537

2,435

2,354

2,403

2,382

2,321

2,399

2,383

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,148

Deferred income taxes

-

-

-

-

-

-

-155

-321

-608

-3,021

150

-259

-477

152

1,515

300

-331

661

414

163

-1,759

592

-123

-153

-243

58

Gain on asset dispositions

328

122

204

-115

633

923

356

188

335

164

164

117

204

117

1,818

96

272

36

720

20

634

184

274

395

-107

16

Stock-based compensation

395

59

58

57

419

56

55

56

423

55

52

52

586

118

161

74

374

136

65

65

402

85

43

46

396

84

Net changes in operating assets and liabilities:
Accounts receivable

-624

-294

-884

-918

706

-182

664

108

345

-893

1,482

-284

-381

-218

-1,297

355

1,493

-890

-390

63

427

163

-1,157

-395

-407

2,194

BP claim settlement receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,687

-

-

-

0

-

-

-

-

Inventory of parts and supplies

38

-42

5

37

17

-5

16

-30

0

54

-8

34

-24

42

37

6

-5

-7

-140

68

-35

-8

-8

46

-14

-10

Prepaid expenses

-1,429

-297

-

-77

100

-631

-

301

-359

312

-

-34

219

-492

-

-277

83

-573

-

-260

-155

-454

-

-209

-446

-376

Other assets

15

2

108

297

0

-5

102

0

-4

-34

-5

-3

-4

-2

-126

-2

0

-4

94

26

28

0

-5

1

69

-65

Accounts payable and accrued liabilities

537

-1,319

-935

201

-541

564

1,493

397

-257

-2,123

2,937

297

735

-4,514

3,026

-776

1,467

-4,165

1,276

916

1,024

-738

-902

379

-475

-489

Income taxes payable and receivable

330

-196

-173

46

136

248

-749

106

498

114

-102

49

-329

127

-406

-563

886

-63

-321

-475

562

-10

129

366

-726

187

Operating lease assets and liabilities, net

-275

-296

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term insurance liabilities and other long-term liabilities

10

9

1,132

-3

-2

-3

10

-2

-1

3

12

-3

11

-23

-509

-41

-331

-14

-278

-134

2

5

851

-186

59

4

Net cash provided by operating activities

4,067

678

2,012

3,670

981

3,766

1,224

3,056

1,966

1,526

4,022

3,303

3,359

-24

7,115

2,630

5,126

84

4,122

3,942

3,454

3,534

2,867

4,550

2,398

1,005

Cash flows from investing activities:
Purchase of property and equipment

1,994

2,285

1,973

2,901

3,041

1,661

2,387

457

690

1,122

2,495

902

1,410

1,525

6,072

2,119

2,863

449

3,976

2,133

1,333

2,463

1,155

2,732

410

5,334

Business acquisition

0

1,000

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,023

Purchase of Treasury bills

-

-

-

-

-

-

17,235

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of Treasury bills

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of property, plant and equipment

706

514

599

274

943

1,432

744

245

786

307

355

140

240

221

2,306

110

673

66

792

20

781

270

492

340

431

173

Net cash used in investing activities

-1,288

-2,771

7,126

563

-2,098

-229

-18,878

-212

96

-815

-2,140

-762

-1,170

-1,304

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,009

-2,190

-383

-

-2,113

-552

-2,193

-663

-2,392

21

-15,184

Cash flows from financing activities:
Decrease in bank overdrafts

0

0

0

0

0

-625

625

0

0

0

-

-

-

-

0

0

-324

-449

449

-215

131

-525

685

161

-683

522

Debt issue costs

0

0

-

0

0

9

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowing on revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

170

13,366

10,147

11,694

10,127

11,825

0

3,383

5,443

14,702

Payments on revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

648

12,888

11,577

13,443

13,499

12,556

2,946

5,000

7,339

961

Excess tax benefits from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

0

-116

270

76

103

246

0

-

-

-

-

Net distributions to FRP prior to spin-off

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-16

-85

-

-602

160

-84

Net cash used in financing activities

-10,557

0

75

0

0

-634

623

126

0

0

0

0

0

0

17

0

-918

299

-938

-1,829

-2,902

-1,341

-2,304

-2,058

-2,419

14,179

Net (decrease) increase in cash and cash equivalents

-7,778

-2,093

-

-

-1,117

2,903

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

2,970

2,062

711

-

2,541

2,189

-1,328

3,366

621

2,018

0

0

0

0

0

-100

100

0

0