Roadrunner transportation systems, inc. (RRTS)
CashFlow / Quarterly
Dec'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 from operating activities:
Net Income (Loss) Attributable to Parent

-74,238

-97,751

-141,949

-26,999

-58,438

-41,561

-41,955

-23,643

-23,327

-10,053

-37,863

-19,943

-38,863

-319,618

-2,739

900

3,524

1,705

10,571

9,820

-6,885

14,413

14,768

10,414

8,138

13,230

13,970

10,582

9,527

9,872

10,200

7,931

-

-

7,431

4,400

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,872

10,200

7,931

-

-

-

-

Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization

13,389

15,645

14,964

15,756

15,189

9,806

9,290

9,262

10,100

9,478

9,424

9,878

11,045

9,914

9,875

9,886

9,871

8,701

8,014

7,325

8,132

6,898

5,844

5,447

4,760

4,667

4,201

3,996

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,054

2,446

2,272

1,894

1,672

1,138

924

Loss on disposal of property and equipment

-599

-161

-318

-37

-1,359

119

-1,837

-135

-571

-574

-335

-157

-9,870

5,490

732

-496

253

147

-1,409

-291

-404

59

96

40

931

-33

575

-69

452

254

88

160

178

130

45

9

Share-based compensation

4,800

3,208

3,069

1,599

394

497

372

523

586

379

658

610

579

527

577

549

456

423

825

796

505

627

642

481

348

451

450

254

166

174

182

137

118

130

147

129

Change in fair value of preferred stock

-

0

0

0

-

-32,788

-31,606

-6,057

-

-1,788

-8,928

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of preferred stock issuance costs

0

0

0

0

0

59

3

1,058

0

0

16,112

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from debt restructuring

0

0

0

-2,270

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to contingent purchase obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,740

0

53

-244

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debts

1,161

2,441

510

-19

1,204

245

571

1,459

3,117

1,246

1,143

458

2,301

1,376

686

764

390

2,361

856

1,209

7,385

1,363

-1,960

2,865

2,715

626

294

89

272

422

171

218

529

37

395

225

Excess tax benefit on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

380

811

-1

76

2,397

-1,031

8,062

-3,765

0

0

-

-

-

-

-

-

-

-

Deferred tax benefit

-1,682

-603

-714

-15

-1,583

-5,497

-4,112

568

-16,873

3,711

-8,191

-5,713

3,458

-47,266

0

367

700

688

759

607

-2,762

1,995

193

3,041

3,003

2,240

1

633

9,131

370

-1,092

1,736

11,912

-3,525

3,938

2,166

Impairment charges

-

-

-

778

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in:
Accounts receivable

12,316

-17,050

-29,667

-1,228

-9,346

-7,400

-42,425

15,269

37,470

20,430

43,626

-31,355

-23,082

37,007

4,563

-468

-21,141

-24,881

23,236

3,745

-11,689

18,548

14,043

22,726

2,189

182

9,973

16,459

-14,228

7,280

6,318

6,906

-5,374

4,265

9,193

6,572

Income tax receivable

586

-91

-814

-730

-6,378

-2,646

-258

-653

-22,418

-48

8

-3,559

11,773

4,100

3,604

626

-1,794

2,579

4,729

1,506

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-35,826

9,916

-17,797

-12,879

12,298

20,654

-9,717

2,817

-15

4,206

-1,825

-1,613

-7,089

11,859

-9,341

-3,581

768

10,810

-5,391

-159

-2,203

7,853

1,625

-2,240

13,263

1,085

-3,483

-3,098

2,236

1,134

2,053

3,127

658

3,535

-595

1,923

Accounts payable

4,132

-2,956

-17,068

-12,811

162

11,399

-33,494

9,642

34,344

15,499

16,226

-37,109

-20,531

36,175

8,181

9,076

-6,394

-1,898

6,903

-10,540

-4,435

18,471

3,128

-2,243

-309

-5,074

902

4,926

-7,840

-606

1,149

1,710

-3,184

4,570

5,274

1,696

Accrued expenses and other liabilities

-36,984

-379

-21,363

-9,355

8,325

1,914

-7,226

2,174

3,267

16,341

-6,523

7,511

6,078

12,622

-4,784

-2,241

1,568

-2,885

667

8,005

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,183

4,380

-5,840

-

-4,741

-4,095

1,754

-8,707

2,318

3,438

516

-3,165

1,469

-2,764

2,107

Net cash (used in) provided by operating activities

-54,334

-23,195

-5,624

-13,922

7,577

-1,077

9,292

-10,198

4,419

-10,614

-31,733

-7,624

-11,501

4,897

12,238

23,220

30,464

20,456

7,103

11,366

19,676

14,048

10,896

-7,392

9,644

6,400

8,658

8,942

18,425

5,936

8,035

4,327

19,507

3,598

6,916

3,143

Cash flows from investing activities:
Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,208

131,216

-247

101,057

-11

70,890

29,597

172

29,509

38,001

15,309

6,158

4,074

97,883

9,333

20,000

Capital expenditures

7,358

7,344

4,490

8,553

8,573

5,531

5,692

5,699

3,305

3,934

3,348

3,930

1,417

5,525

4,584

6,047

10,548

13,501

11,003

14,932

11,419

10,093

9,280

11,183

4,988

6,030

8,960

9,389

3,114

5,214

3,553

3,259

6,370

1,437

1,099

1,199

Proceeds from sale of property and equipment

578

1,399

1,114

768

1,464

389

890

37

947

719

1,440

530

966

932

4,869

213

765

3,317

1,474

522

3,173

935

1,264

1,579

3,858

326

617

320

-742

674

252

326

546

229

78

12

Net cash provided by (used in) investing activities

78,011

-5,945

-3,376

-7,785

-7,109

-5,142

-4,802

-5,662

-2,358

85,297

-1,908

-3,400

-451

-3,593

285

-5,834

-10,184

-42,461

-9,616

-14,410

-7,038

-140,374

-7,769

-110,661

-1,119

-76,594

-37,940

-9,241

-33,365

-42,541

-18,610

-9,091

-9,898

-99,091

-10,354

-21,187

Cash flows from financing activities:
Borrowings under revolving credit facilities

92,463

17,500

19,000

504,478

635,005

60,746

0

0

27,500

173,537

15,089

48,279

94,335

76,044

70,080

51,665

29,725

57,320

64,043

32,764

41,909

156,297

38,124

146,744

19,614

53,787

57,040

0

-62

45,229

55,540

40,408

22,089

28,362

27,875

45,755

Payments under revolving credit facilities

71,017

0

0

526,643

622,601

85,655

0

0

21,500

32,500

213,542

22,526

49,535

71,644

76,080

65,314

44,576

139,320

65,043

26,764

52,990

55,080

36,206

25,813

30,600

42,786

35,040

0

27,333

42,774

40,600

30,408

27,725

36,726

53,477

26,653

Term borrowings

0

0

374

52,218

0

0

0

557

147

56,780

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term payments

11,671

1,010

836

38,878

2,797

4,439

6,419

5,427

0

1,069

274,000

3,750

3,750

7,250

3,750

3,750

3,750

0

2,500

2,500

2,500

2,500

2,187

2,188

2,187

2,188

4,250

4,250

4,250

4,250

3,500

3,500

-

-

-

0

Debt issuance costs

221

24

0

2,005

373

0

0

0

0

3,830

0

842

179

15

677

0

-

-

-

-

-

-

-

-

-

-

-

-

846

1,247

77

50

63

3,713

407

0

Payments of Stock Issuance Costs

-

-

-

-

-

-

-

-

0

0

16,112

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of preferred stocks and warrants

0

0

0

0

0

0

17,499

17,500

0

0

540,500

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock issuance costs

-

0

0

0

-

59

3

1,058

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock payments

0

0

0

402,884

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of debt extinguishment costs

-

-

0

693

-

-

0

0

-

-

-

-

-

-

-

-

0

0

1,411

1,906

0

0

4,804

0

-

-

-

-

-

-

-

-

-659

1,500

0

1,712

Payments of contingent earnouts

-

-

0

693

-

-

0

0

-

-

-

-

-

-

-

-

0

0

1,411

1,906

-

-

-

-

-

-

-

-

-

-

-

-

-

1,500

0

1,712

Proceeds from Issuance of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,328

8,820

-

-298

98

1,023

36

108

444

281

Proceeds from issuance of common stock

0

0

0

450,000

0

0

0

0

-

-

-

-

-

-

-

-

0

-225

1,833

2,178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issuance costs

0

0

0

10,514

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net of issuance costs

0

0

0

450,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of restricted stock units, net of taxes paid

1,584

0

175

8

0

5

1

75

9

15

20

195

27

99

13

164

0

68

22

839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on insurance premium financing

6,851

2,264

4,006

5,951

5,881

6,252

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Common Stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

324

2,403

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of mandatory redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,000

-

-

-

0

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

380

811

-1

76

335

1,031

532

3,765

0

0

-

-

-

-

-

-

-

-

Payments of finance lease obligation

-

-

5,073

3,980

2,665

1,518

697

570

599

663

1,773

642

786

1,375

2,054

885

865

554

218

101

162

24

22

20

150

18

16

15

14

13

11

119

137

108

103

100

Net cash provided by financing activities

-24,725

30,069

9,284

15,140

692

-19,400

10,379

10,927

6,575

-87,283

24,494

20,324

38,401

-4,339

-13,292

-18,448

-20,726

24,432

-2,946

3,643

-14,495

130,651

-4,328

122,157

-11,844

73,528

18,541

4,555

24,526

37,147

11,450

2,354

-8,641

96,423

4,332

17,571

Net increase (decrease) in cash and cash equivalents

-

-

-

-6,567

-

-

-

-4,933

8,636

-12,600

-9,147

9,300

26,449

-3,035

-769

-1,062

-446

2,427

-5,459

599

-1,857

4,325

-1,201

4,104

-3,319

3,334

-10,741

4,256

9,586

542

875

-2,410

968

930

894

-473

Supplemental cash flow information:
Cash paid for interest

-

-

4,558

3,567

-

-

2,812

2,154

-

-

4,044

5,683

-

-

-

3,734

4,894

3,934

4,009

3,888

3,632

3,294

2,622

1,803

1,908

1,743

1,412

1,412

1,966

2,446

2,004

1,798

2,154

569

468

326

Cash paid for income taxes, net

-

-

-

-698

-

-

706

-562

-

211

575

-3,001

-

-

-

-79

571

11,132

7,997

1,112

7,043

7,845

6,378

536

168

8,769

9,804

378

4,793

8,791

148

229

277

287

308

255

Non-cash capital leases and other obligations to acquire assets

-

3,286

25,028

27,428

-

12,782

10,175

276

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash contingent earnout

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,390

1,900

5,348

430

6,000

7,371

3,668

694

-

-

-

-

Capital expenditures, not yet paid

75

-595

1,852

962

-1,249

1,877

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,018

-

-

596

0

-

-

-

-

-

-

-

-