Usa truck inc. (USAK)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities:
Net (loss) income

-4,698

12,204

-

-

-

-

-

-

-10,777

-3,308

-7,177

Net income

-

-

7,497

-7,699

11,069

6,285

-9,993

-17,671

-

-

-

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

37,193

28,324

28,463

29,954

37,480

44,071

44,947

45,058

49,263

49,754

50,152

Provision for doubtful accounts

-145

480

311

515

127

782

187

153

59

241

313

Deferred income tax, net

-499

-2,382

16,639

55

-2,876

-5,279

5,325

9,589

-4,957

38

8,265

Share-based compensation

1,714

1,164

459

976

1,093

366

216

131

-

-

-

Excess tax benefit from exercise of stock options and vesting of restricted stock

-

-

-

-

-

-

-

-

-6

-

-

Excess tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

-

-8

-

Stock-based compensation

-

-

-

-

-

-

-

-

16

236

567

Gain on disposal of assets, net

-

-

-

-

-

-

-

2,151

-

-

-

Reversal of previously recorded restructuring, impairment and other costs

-

-

0

0

-750

0

0

-

-

-

-

Change in vacation policy

-

-

-

-

-1,383

0

-

-

-

-

-

Loss (gain) on disposal of assets, net

495

2,361

773

1,116

7,547

1,107

1,648

-

-

-

-

Impairment of assets held for sale

800

0

-

-

-

-

-

-

-

-

-

Reversal of restructuring, impairment and other costs

0

639

-

-

-

-

-

-

-

-

-

Asset impairment

-

-

0

3,909

0

0

-

-

-

-

-

Other

-83

205

171

47

-232

38

250

-161

-

-

-

Changes in operating assets and liabilities:
Gain on disposal of assets, net

-

-

-

-

-

-

-

-

3,615

320

7

Deferred gain

-

-

-

-

-

-

-

-

6

-

-

Accounts and other receivables

-7,761

-2,771

-2,323

-1,949

-11,540

7,531

1,752

9,792

9,017

362

-10,041

Inventories and prepaid expenses

-4,818

426

-117

979

-409

-

-

-

-

-

-

Inventories, prepaid expenses and other current assets

-

-

-

-

-

-892

-2,537

-1,098

332

-5,493

-3,549

Accounts payable and accrued liabilities

186

-3,447

8,526

-5,945

2,539

1,417

-3,783

4,416

2,456

7,366

508

Insurance and claims accruals

-3,184

571

-

-

-

-

-

-

-

-

-

Insurance and claims accruals

-

-

5,603

509

1,689

1,462

10,757

3,722

578

-623

-6,180

Other long-term assets and liabilities

1,055

-445

259

-216

749

0

0

-

-

-

-

Net cash provided by operating activities

43,463

41,263

35,457

22,187

60,125

-

35,893

-

23,662

48,245

32,851

Investing activities:
Acquisition of Davis Transfer Company (net of cash)

305

51,440

-

-

-

-

-

-

-

-

-

Capital expenditures

34,675

15,019

-

-

-

-

-

-

-

-

-

Payments to Acquire Businesses, Gross

-

-

0

0

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

51,878

-

15,536

-

-

-

Capital expenditures

-

-

13,976

59,751

66,186

56,536

12,924

22,014

44,449

43,236

37,325

Proceeds from sale of property and equipment

10,183

10,349

13,875

25,849

38,774

16,923

15,757

17,651

23,070

13,678

13,335

Proceeds from operating sale leaseback

0

5,323

10,980

0

7,975

0

0

-

-

-

-

Net cash used in investing activities

-24,797

-50,787

10,879

-33,902

-19,437

-

-

-

-21,410

-29,509

-24,095

Change in other assets, net

-

-

-

-

-

-20

-38

-15

31

-49

105

Net cash provided by (used in) investing activities

-

-

-

-

-

-39,593

2,871

-4,348

-

-

-

Financing activities:
Borrowings under long-term debt

85,600

84,254

29,991

73,009

140,738

74,168

78,478

276,556

121,988

61,183

66,502

Payments on long-term debt

102,110

59,859

65,633

42,866

141,456

67,353

98,222

263,811

103,088

58,001

52,984

Principal payments on financing lease obligations

14,016

-

-

-

-

-

-

-

-

-

-

Principal payments on financing lease obligations

-

14,180

11,811

9,969

27,121

18,073

17,230

23,136

20,578

17,378

22,965

Proceeds from obligation under finance lease

12,795

0

-

-

-

-

-

-

-

-

-

Payments on obligation under finance lease

1,013

0

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

538

0

-

-

-

-

-

-

-

-

-

Principal payments on note payable

-

-

-

-

896

1,494

1,715

1,820

1,465

1,350

1,622

Net change in bank drafts payable

-198

363

-1,398

240

-926

639

-1,805

-

-

-

-

Net change in bank drafts payable

-

-

-

-

-

-

-

106

811

-1,445

1,178

Excess tax benefit from exercise of stock options

-

-

0

-135

721

0

0

-

-

-

-

Proceeds from capital sale leaseback

-

-

2,520

19,927

6,308

0

0

-

-

-

-

Purchase of common stock

-

-

0

28,412

17,932

-

-

-

-

-

-

Issuance of treasury stock

-

-

-58

57

0

0

0

-

-

-

-

Net payments for tax withholdings for vested stock-based awards

78

136

-2

101

242

-19

-2

-

-

-

-

Proceeds from issuance of treasury stock

-

-

-

-

-

0

-

-

-

-

-

Excess tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

6

-

-

Excess tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

-

8

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

7

176

391

Net cash (used in) provided by financing activities

-

-

-

-

-

-12,094

-40,492

-12,105

-

-

-

Net cash provided by financing activities

-19,558

10,442

-46,387

11,750

-40,806

-

-

-

-2,319

-16,807

-9,500

Decrease in cash

-892

918

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-51

35

-118

191

-1,728

-917

-67

1,929

-744

Supplemental disclosure of cash flow information:
Interest

6,357

3,719

3,862

3,382

2,084

-

-

-

-

-

-

Interest

-

-

-

-

-

3,359

3,802

4,274

3,423

3,331

3,013

Income taxes

1,232

3,651

175

716

9,808

3,003

477

165

-

-

2,082

Supplemental disclosure of non-cash investing:
Sales of revenue equipment included in accounts receivable

0

1,851

0

0

-

-

-

-

-

-

-

Liability incurred for notes payable

-

-

-

-

-

1,367

1,387

1,801

1,826

1,344

1,352

Long term note receivable on facility sale

-

-

-

-

-

-

-

-

-

2,050

-

Purchase of revenue equipment included in accounts payable

3,019

0

-

-

-

-

-

-

-

-

-

Liability incurred for finance leases on revenue equipment

32,440

42,788

2,565,000

29,642,000

-

-

-

-

-

-

-

Capitalized lease obligations

-

-

-

-

-

0

-

27,757

21,235

10,135

15,704