Rush enterprises inc \tx\ (RUSHA)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

141,583

139,062

172,129

40,582

66,053

79,957

49,217

62,455

55,213

31,282

5,884

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

175,484

185,122

157,951

157,627

144,935

126,452

93,486

73,289

56,934

45,920

40,698

Gain on sale of property and equipment, net

-102

297

-105

1,755

-544

151

5

176

418

36

160

Loss on impairment of assets

-

-

-

8,247

0

0

-

-

-

-

-

Gain on disposition of equipment centers

-

-

-

-

-

-

-

-

-

10,091

-

Stock-based compensation expense related to employee stock options and employee stock purchases

19,005

18,059

15,606

12,875

12,384

11,343

8,645

7,332

5,683

4,468

3,664

Provision for deferred income tax expense

22,989

5,997

-62,203

8,331

31,645

25,229

22,081

28,164

28,680

10,215

-2,980

Excess tax expense from stock-based compensation

-

-

-

-294

-337

5,207

2,566

1,668

1,628

885

-191

Acquired research and development

-

-

-

-

-

2,000

0

-

-

-

-

Change in accounts receivable, net

-19,831

7,746

29,424

-1,673

-11,921

67,664

10,358

-14,184

49,986

217

-16,405

Change in inventories

-81,722

255,040

147,453

-291,773

-18,664

151,911

67,217

-32,579

268,178

48,548

-104,450

Change in prepaid expenses and other, net

10,237

-1,907

3,383

-24,155

3,690

13,215

1,789

-558

-1,999

10,252

281

Change in trade accounts payable

2,241

18,490

8,964

-22,411

-4,154

24,180

38,105

-29

24,366

15,331

-9,103

(Payments) draws on floor plan notes payable – trade, net

-26,579

76,646

19,355

3,989

-17,005

44,870

13,044

34,504

-

-

-

Change in customer deposits

6,512

8,833

8,932

-4,020

-22,371

-13,802

29,139

-25,347

35,297

-

-

Change in accrued expenses

-12,757

24,331

12,158

-190

-12,013

26,856

1,706

-6,509

30,669

29,246

-8,473

Other, net

1,376

0

0

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

421,272

215,364

152,737

521,170

227,250

88,937

173,488

219,336

-81,369

66,433

150,295

Cash flows from investing activities:
Acquisition of property and equipment

293,493

238,260

209,917

196,965

367,790

260,820

191,584

170,951

148,543

84,303

50,485

Proceeds from the sale of property and equipment

2,310

6,325

3,968

12,494

3,319

249

633

1,249

10,692

305

481

Business acquisitions

10,168

0

2,180

681

69,013

157,626

72,725

104,571

94,630

39,268

-

Purchase of equity method investment and call option

22,499

0

0

-

-

-

-

-

-

-

-

Proceeds from the sale of available for sale securities

0

6,375

325

450

275

150

0

-

-

-

-

Proceeds from disposition of equipment centers

-

-

-

-

-

-

-

-

-

26,234

-

Other

-3,394

1,683

-1,241

4,708

3,025

-1,631

5,992

24

-655

-325

-246

Net cash used in investing activities

-320,456

-227,243

-206,563

-189,410

-436,234

-416,416

-269,668

-274,297

-231,826

-96,707

-49,758

Cash flows from financing activities:
(Payments) draws on floor plan notes payable – non-trade, net

-104

167,812

112,261

-211,802

31,568

207,458

46,085

-20,677

282,883

43,724

-93,446

Proceeds from long-term debt

210,043

156,751

152,563

121,188

218,026

214,622

171,166

144,639

144,457

66,614

50,417

Proceeds from line of credit

135,000

0

0

-

-

-

-

-

-

-

-

Principal payments on long-term debt

183,538

167,106

145,038

164,940

154,685

112,828

88,048

73,151

68,299

55,575

50,591

Principal payments on finance lease obligations

8,331

12,429

12,449

23,479

14,506

12,531

13,511

11,584

14,048

7,595

4,693

Payments on line of credit

135,000

0

0

-

-

-

-

-

-

-

-

Proceeds from issuance of shares relating to employee stock options and employee stock purchases

8,244

3,926

23,327

8,260

3,766

11,962

9,327

5,064

5,518

2,281

827

Payments of cash dividends

18,317

9,332

0

-

-

-

-

-

-

-

-

Excess tax expense from stock-based compensation

-

-

-

-294

-337

5,207

2,566

1,668

1,628

885

-191

Common stock repurchased

58,188

120,558

33,800

43,514

1,464

12,253

12,873

-

-

-

-

Debt issuance costs

731

0

523

-

0

-

-

-

145

179

176

Net cash provided by (used in) financing activities

-50,922

19,064

96,341

-314,581

82,368

301,637

114,712

45,959

351,994

50,155

-97,853

Net decrease in cash and cash equivalents

49,894

7,185

42,515

17,179

-126,616

-25,842

18,532

-9,002

38,799

19,881

2,684

Supplemental disclosure of cash flow information:
Interest

57,373

42,752

34,149

37,904

35,356

29,539

24,195

23,275

15,237

13,264

14,298

Income taxes paid (refunded), net

42,440

28,674

31,323

-10,939

16,126

29,795

9,314

7,122

2,032

7,544

2,392

Noncash investing and financing activities:
Common stock issued related to business acquisition

-

-

-

-

-

2,000

0

-

-

-

-

Note receivable related to disposition of equipment centers

-

-

-

-

-

-

-

-

-

4,453

-

Assets acquired under finance leases

44,904

4,914

15,205

24,207

41,021

24,314

9,005

15,892

17,400

15,353

24,317

Common stock repurchased

99

0

0

-

-

-

-

-

-

-

-

Guaranty agreement

5,025

0

0

-

-

-

-

-

-

-

-