Roadrunner transportation systems, inc. (RRTS)
CashFlow / TTM
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

-340,937

-325,137

-268,947

-168,953

-165,597

-130,486

-98,978

-94,886

-91,186

-106,722

-416,287

-381,163

-360,320

-317,933

3,390

16,700

25,620

15,211

27,919

32,116

32,710

47,733

46,550

45,752

45,920

47,309

43,951

40,181

37,530

0

0

0

-

-

0

0

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

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

59,754

61,554

55,715

50,041

43,547

38,458

38,130

38,264

38,880

39,825

40,261

40,712

40,720

39,546

38,333

36,472

33,911

32,172

30,369

28,199

26,321

22,949

20,718

19,075

17,624

0

0

0

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,666

8,284

6,976

5,628

0

0

0

Loss on disposal of property and equipment

-1,115

-1,875

-1,595

-3,114

-3,212

-2,424

-3,117

-1,615

-1,637

-10,936

-4,872

-3,805

-4,144

5,979

636

-1,505

-1,300

-1,957

-2,045

-540

-209

1,126

1,034

1,513

1,404

925

1,212

725

954

680

556

513

362

0

0

0

Share-based compensation

12,676

8,270

5,559

2,862

1,786

1,978

1,860

2,146

2,233

2,226

2,374

2,293

2,232

2,109

2,005

2,253

2,500

2,549

2,753

2,570

2,255

2,098

1,922

1,730

1,503

1,321

1,044

776

659

611

567

532

524

0

0

0

Change in fair value of preferred stock

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of preferred stock issuance costs

0

0

59

62

1,120

1,120

1,061

17,170

16,112

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from debt restructuring

-2,270

-2,270

-2,270

-2,270

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to contingent purchase obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,931

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debts

4,093

4,136

1,940

2,001

3,479

5,392

6,393

6,965

5,964

5,148

5,278

4,821

5,127

3,216

4,201

4,371

4,816

11,811

10,813

7,997

9,653

4,983

4,246

6,500

3,724

1,281

1,077

954

1,083

1,340

955

1,179

1,186

0

0

0

Excess tax benefit on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,174

1,266

3,283

1,441

9,504

5,663

3,266

4,297

0

0

0

-

-

-

-

-

-

-

-

Deferred tax benefit

-3,014

-2,915

-7,809

-11,207

-10,624

-25,914

-16,706

-20,785

-27,066

-6,735

-57,712

-49,521

-43,441

-46,199

1,755

2,514

2,754

-708

599

33

2,467

8,232

8,477

8,285

5,877

12,005

10,135

9,042

10,145

12,926

9,031

14,061

14,491

0

0

0

Impairment charges

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in:
Accounts receivable

-35,629

-57,291

-47,641

-60,399

-43,902

2,914

30,744

116,795

70,171

9,619

26,196

-12,867

18,020

19,961

-41,927

-23,254

-19,041

-9,589

33,840

24,647

43,628

57,506

39,140

35,070

28,803

12,386

19,484

15,829

6,276

15,130

12,115

14,990

14,656

0

0

0

Income tax receivable

-1,049

-8,013

-10,568

-10,012

-9,935

-25,975

-23,377

-23,111

-26,017

8,174

12,322

15,918

20,103

6,536

5,015

6,140

7,020

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-56,586

-8,462

2,276

10,356

26,052

13,739

-2,709

5,183

753

-6,321

1,332

-6,184

-8,152

-295

-1,344

2,606

6,028

3,057

100

7,116

5,035

20,501

13,733

8,625

7,767

-3,260

-3,211

2,325

8,550

6,972

9,373

6,725

5,521

0

0

0

Accounts payable

-28,703

-32,673

-18,318

-34,744

-12,291

21,891

25,991

75,711

28,960

-25,915

-5,239

-13,284

32,901

47,038

8,965

7,687

-11,929

-9,970

10,399

6,624

14,921

19,047

-4,498

-6,724

445

-7,086

-2,618

-2,371

-5,587

-931

4,245

8,370

8,356

0

0

0

Accrued expenses and other liabilities

-68,081

-22,772

-20,479

-6,342

5,187

129

14,556

15,259

20,596

23,407

19,688

21,427

11,675

7,165

-8,342

-2,891

7,355

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-15,789

-8,730

-1,197

-2,435

3,107

2,258

-3,944

-2,353

0

0

0

Net cash (used in) provided by operating activities

-97,075

-35,164

-13,046

1,870

5,594

2,436

-7,101

-48,126

-45,552

-61,472

-45,961

-1,990

28,854

70,819

86,378

81,243

69,389

58,601

52,193

55,986

37,228

27,196

19,548

17,310

33,644

42,425

41,961

41,338

36,723

37,805

35,467

34,348

33,164

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

230,818

232,015

171,689

201,533

100,648

130,168

97,279

82,991

88,977

63,542

123,424

117,448

131,290

0

0

0

Capital expenditures

27,745

28,960

27,147

28,349

25,495

20,227

18,630

16,286

14,517

12,629

14,220

15,456

17,573

26,704

34,680

41,099

49,984

50,855

47,447

45,724

41,975

35,544

31,481

31,161

29,367

27,493

26,677

21,270

15,140

18,396

14,619

12,165

10,105

0

0

0

Proceeds from sale of property and equipment

3,859

4,745

3,735

3,511

2,780

2,263

2,593

3,143

3,636

3,655

3,868

7,297

6,980

6,779

9,164

5,769

6,078

8,486

6,104

5,894

6,951

7,636

7,027

6,380

5,121

521

869

504

510

1,798

1,353

1,179

865

0

0

0

Net cash provided by (used in) investing activities

60,905

-24,215

-23,412

-24,838

-22,715

-17,964

72,475

75,369

77,631

79,538

-9,352

-7,159

-9,593

-19,326

-58,194

-68,095

-76,671

-73,525

-171,438

-169,591

-265,842

-259,923

-196,143

-226,314

-124,894

-157,140

-123,087

-103,757

-103,607

-80,140

-136,690

-128,434

-140,530

0

0

0

Cash flows from financing activities:
Borrowings under revolving credit facilities

633,441

1,175,983

1,219,229

1,200,229

695,751

88,246

201,037

216,126

264,405

331,240

233,747

288,738

292,124

227,514

208,790

202,753

183,852

196,036

295,013

269,094

383,074

360,779

258,269

277,185

130,441

110,765

102,207

100,707

141,115

163,266

146,399

118,734

124,081

0

0

0

Payments under revolving credit facilities

597,660

1,149,244

1,234,899

1,234,899

708,256

107,155

54,000

267,542

290,068

318,103

357,247

219,785

262,573

257,614

325,290

314,253

275,703

284,117

199,877

171,040

170,089

147,699

135,405

134,239

108,426

105,159

105,147

110,707

141,115

141,507

135,459

148,336

144,581

0

0

0

Term borrowings

52,592

52,592

52,592

52,218

557

704

57,484

57,484

56,927

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term payments

52,395

43,521

46,950

52,533

19,082

16,285

12,915

280,496

278,819

282,569

288,750

18,500

18,500

18,500

11,250

10,000

8,750

7,500

10,000

9,687

9,375

9,062

8,750

10,813

12,875

14,938

17,000

16,250

15,500

0

0

0

-

-

-

0

Debt issuance costs

2,250

2,402

2,378

2,378

373

0

3,830

3,830

4,672

4,851

1,036

1,713

871

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

2,220

1,437

3,903

4,233

4,183

0

0

0

Payments of Stock Issuance Costs

-

-

-

-

-

-

-

-

16,112

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of preferred stocks and warrants

0

0

0

17,499

34,999

34,999

34,999

558,000

540,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock issuance costs

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock payments

402,884

402,884

402,884

402,884

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of debt extinguishment costs

-

-

0

693

-

-

0

0

-

-

-

-

-

-

-

-

3,317

3,317

3,317

6,710

4,804

0

0

0

-

-

-

-

-

-

-

-

2,553

0

0

0

Payments of contingent earnouts

-

-

0

693

-

-

0

0

-

-

-

-

-

-

-

-

3,317

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from Issuance of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

859

1,265

1,611

869

0

0

0

Proceeds from issuance of common stock

450,000

450,000

450,000

450,000

0

0

0

0

-

-

-

-

-

-

-

-

3,786

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issuance costs

10,514

10,514

10,514

10,514

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net of issuance costs

450,000

450,000

450,000

450,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of restricted stock units, net of taxes paid

1,767

183

188

14

81

90

100

119

239

257

341

334

303

276

245

254

929

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on insurance premium financing

19,072

18,102

22,090

18,084

12,133

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Issuance of Common Stock, net of issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of mandatory redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

0

0

0

-

-

-

0

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,174

1,266

1,221

1,441

1,974

5,663

5,328

4,297

0

0

0

-

-

-

-

-

-

-

-

Payments of finance lease obligation

-

-

13,236

8,860

5,450

3,384

2,529

3,605

3,677

3,864

4,576

4,857

5,100

5,179

4,358

2,522

1,738

1,035

505

309

228

216

210

204

199

63

58

53

157

280

375

467

448

0

0

0

Net cash provided by financing activities

29,768

55,185

5,716

6,811

2,598

8,481

-59,402

-45,287

-35,890

-4,064

78,880

41,094

2,322

-56,805

-28,034

-17,688

4,403

10,634

116,853

115,471

233,985

236,636

179,513

202,382

84,780

121,150

84,769

77,678

75,477

42,310

101,586

94,468

109,685

0

0

0

Net increase (decrease) in cash and cash equivalents

-

-

-

-16,157

-

-

-

-18,044

-3,811

14,002

23,567

31,945

21,583

-5,312

150

-4,540

-2,879

-4,290

-2,392

1,866

5,371

3,909

2,918

-6,622

-6,470

6,435

3,643

15,259

8,593

-25

363

382

2,319

0

0

0

Supplemental cash flow information:
Cash paid for interest

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

16,571

16,725

15,463

14,823

13,436

11,351

9,627

8,076

6,866

6,475

6,533

7,236

7,828

8,214

8,402

6,525

4,989

3,517

0

0

0

Cash paid for income taxes, net

-

-

-

0

-

-

0

0

-

0

0

0

-

-

-

19,621

20,812

27,284

23,997

22,378

21,802

14,927

15,851

19,277

19,119

23,744

23,766

14,110

13,961

9,445

941

1,101

1,127

0

0

0

Non-cash capital leases and other obligations to acquire assets

-

0

0

74,125

-

0

0

7,469

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash contingent earnout

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,288

13,678

19,149

17,469

17,733

0

0

0

-

-

-

-

Capital expenditures, not yet paid

2,294

970

3,442

1,590

628

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-