← COVENANT LOGISTICS GROUP, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $16.8m |
$55.4m
+229.31%
|
$42.5m
-23.33%
|
$8.5m
-80.06%
|
($42.7m)
-603.93%
|
$60.7m
+242.17%
|
$108.7m
+78.96%
|
$55.2m
-49.18%
|
$35.9m
-34.96%
|
$7.2m
-79.85%
|
— | |
| Depreciation and amortization | $71.6m | $72.4m | $75.9m | $80.5m | $65.5m | $53.9m | $57.5m | $69.9m | $86.5m | $92.7m | $94.6m | |
| Depreciation, Depletion and Amortization, Nonproduction | $71.6m | $72.4m | $75.9m | $80.5m | $65.5m | $53.9m | $57.5m | $69.9m | $86.5m | $92.7m | $94.6m | |
| Amortization of Debt Issuance Costs | $293k | $242k | $148k | $147k | $154k | $0 | — | — | — | — | — | |
| Amortization of Intangible Assets | $200k | $0 | $1.5m | $2.9m | $5.1m | $4.0m | $4.3m | $7.5m | $9.5m | $10.8m | — | |
| Depreciation | $71.4m | $72.4m | $74.4m | $77.6m | $60.4m | $49.8m | $53.2m | $62.4m | $77.0m | $81.9m | $81.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $57.5m | $69.9m | $86.5m | $92.7m | $94.6m | |
| Deferred Income Tax Expense (Benefit) | ($922k) | ($23.0m) | $13.8m | $3.5m | ($15.1m) | $18.4m | $14.0m | $18.7m | $4.5m | $2.8m | $7.0m | |
| Deferred Income Tax | — | — | — | — | — | — | $13.4m | $16.5m | $3.3m | $2.4m | $7.0m | |
| Deferred Tax | — | — | — | — | — | — | $13.4m | $16.5m | $3.3m | $2.4m | $7.0m | |
| Share-based Payment Arrangement, Noncash Expense | $1.2m | — | — | — | — | — | — | $7.1m | $3.7m | $3.6m | $2.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $1.1m | $785k | $242k | $1.1m | $297k | $1.3m | $1.6m | $4.8m | $871k | $1.4m | — | |
| Share-based Payment Arrangement, Expense | — | — | $4.8m | — | — | — | — | — | — | — | $2.8m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | — | $10.7m | $17.2m | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | $3.5m | — | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | $0 | — | $0 | $0 | $17.2m | $17.2m | |
| Income (Loss) from Equity Method Investments | $3.0m | $3.4m | $7.7m | $7.0m | $3.9m | $14.8m | $25.2m | $21.4m | $14.7m | $14.7m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($10.5m) | ($11.6m) | ($11.0m) | ($8.1m) | ($10.5m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $23.5m | ($39.5m) | $2.9m | $1.4m | ($26.4m) | |
| Change In Receivables | — | — | — | — | — | — | $39.5m | ($22.4m) | $2.7m | ($9.7m) | ($11.8m) | |
| Increase (Decrease) in Inventories | ($24k) | $252k | ($168k) | $143k | ($1.1m) | $204k | $193k | $317k | $800k | $678k | ($1.3m) | |
| Change In Inventory | — | — | — | — | — | — | ($193k) | ($317k) | ($800k) | ($678k) | ($1.3m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($11.9m) | ($12.7m) | $4.0m | $15.1m | ($9.4m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($5.7m) | ($3.5m) | $8.4m | $5.8m | $692k | |
| Net Cash Provided by (Used in) Operating Activities | $102.4m |
$82.9m
-19.11%
|
$124.8m
+50.63%
|
$64.0m
-48.69%
|
$63.0m
-1.55%
|
$73.2m
+16.15%
|
$159.2m
+117.47%
|
$84.8m
-46.72%
|
$122.9m
+44.85%
|
$113.6m
-7.52%
|
$85.0m
-25.19%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $207k | — | — | — | $7.7m | $3.8m | $40.3m | $12.6m | ($1.6m) | ($337k) | ($13.5m) | |
| Payments to Acquire Property, Plant, and Equipment | $112.8m | $110.8m | $75.1m | $138.3m | $94.0m | $35.3m | $100.5m | $217.6m | $153.0m | $147.6m | ($122.9m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($808k) | ($4.0m) | ($298k) | $2.8m | $7.7m | $3.8m | $40.3m | $12.6m | ($1.6m) | $2.6m | ($13.5m) | |
| Gain (Loss) on Investments | ($1.5m) | ($2.0m) | ($2.0m) | ($1.2m) | ($1.5m) | ($4.9m) | ($14.7m) | ($9.8m) | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $105.9m | — | $0 | — | $38.5m | $107.9m | $4.6m | $27.1m | $0 | |
| Net Cash Provided by (Used in) Investing Activities | — | ($62.1m) | ($120.9m) | ($93.0m) | $138.0m | $10.3m | ($86.2m) | ($235.9m) | ($107.7m) | ($140.1m) | ($87.3m) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $155.4m | $293.9m | $176.8m | $210.5m | $272.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $155.4m | $293.9m | $176.8m | $210.5m | $272.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($77.7m) | ($164.3m) | ($146.8m) | ($164.7m) | ($249.3m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $77.5m | $129.7m | $30.0m | $45.8m | $21.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $77.7m | $129.7m | $30.0m | $45.8m | $22.7m | |
| Net Short Term Debt Issuance | — | — | — | — | — | ($1.2m) | ($216k) | $0 | $0 | — | $532k | |
| Repayment Of Debt | — | — | — | — | — | — | ($77.7m) | ($164.3m) | ($146.8m) | ($164.7m) | ($249.3m) | |
| Short Term Debt Payments | — | — | — | — | — | ($696.7m) | ($216k) | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | $17.5m | $10.3m | $84.7m | $25.4m | $0 | $36.6m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($4.3m) | ($5.8m) | ($5.8m) | ($7.2m) | ($7.0m) | |
| Common Stock Payments | — | — | — | — | — | — | ($84.7m) | ($25.4m) | $0 | ($36.6m) | ($1.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($84.7m) | ($25.4m) | $0 | ($36.6m) | ($1.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($84.7m) | ($25.4m) | $0 | ($36.6m) | ($1.0m) | |
| Dividends paid | — | — | — | — | — | — | $4.3m | $5.8m | $5.8m | $7.2m | ($7.0m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($4.3m) | ($5.8m) | ($5.8m) | ($7.2m) | ($7.0m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($1.6m) | ($14.0m) | ($7.9m) | ($6.7m) | ($8.7m) | |
| Net Cash Provided by (Used in) Financing Activities | ($51.9m) |
($13.2m)
+74.57%
|
$3.9m
+129.32%
|
$49.5m
+1178.75%
|
($236.3m)
-577.68%
|
($83.6m)
+64.63%
|
($12.8m)
+84.72%
|
$84.7m
+763.40%
|
$18.1m
-78.62%
|
($4.3m)
-123.53%
|
$4.8m
+211.92%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | ($35.2m) | $5k | $60.3m | ($66.4m) | $33.3m | ($30.7m) | $2.6m | |
| Beginning Cash Position | — | — | — | — | — | — | $8.4m | $68.7m | $2.3m | $35.6m | $143k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $8.5m | $8.3m | $8.6m | $11.0m | $7.4m | $2.8m | $3.3m | $5.3m | $5.7m | $13.1m | — | |
| Income Taxes Paid, Net | — | ($2.2m) | ($5.4m) | $752k | $870k | $10.2m | $16.7m | $4.2m | $7.3m | $4.7m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | ($40.4m) | $3.4m | — | — | — | — | — | |
| Goodwill | $0 | $0 | $41.6m | $42.5m | $42.5m | $42.5m | $58.2m | $75.7m | $78.9m | $80.5m | $17.2m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | ($14.1m) | $58.2m | $107.9m | $54.6m | $35.3m | $4.4m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | ($28.6m) | $2.5m | $750k | $600k | $600k | $2.8m | — | |
| Income Tax Expense (Benefit) | $10.4m | ($32.1m) | $15.5m | $3.5m | ($2.8m) | $21.0m | $34.9m | $17.6m | $10.6m | $1.2m | — | |
| Operating Expenses | $638.2m | $676.9m | $826.5m | — | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | — | — | $24.1m | $34.4m | — | $18.7m | $21.6m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | ($2.8m) | $1.1m | ($15k) | ($655k) | — | — | — | — | — | — | |
| Payments of Financing Costs | $108k | $160k | $10k | — | $0 | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $32k | — | — | — | — | — | $384k | $236k | $1.8m | $399k | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $885.5m | $894.5m | $838.6m | $1.0b | $1.2b | $1.1b | $1.1b | $1.2b | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($12.8m) | $84.7m | $18.1m | ($4.3m) | $4.8m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($86.2m) | ($235.9m) | ($107.7m) | ($140.1m) | ($87.3m) | |
| Change In Account Payable | — | — | — | — | — | — | ($6.2m) | ($9.2m) | ($4.4m) | $9.3m | ($9.4m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $60.3m | ($66.4m) | $33.3m | ($30.7m) | — | |
| Change In Payable | — | — | — | — | — | — | ($6.2m) | ($9.2m) | ($4.4m) | $9.3m | ($9.4m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($3.8m) | ($4.0m) | ($3.0m) | ($3.4m) | ($4.5m) | |
| Changes In Cash | — | — | — | — | — | — | $60.3m | ($66.4m) | $33.3m | ($30.7m) | $2.5m | |
| End Cash Position | — | — | — | — | — | — | $68.7m | $2.3m | $35.6m | $4.9m | $2.6m | |
| Financing Cash Flow | — | — | — | — | — | — | ($12.8m) |
$84.7m
+763.40%
|
$18.1m
-78.62%
|
($4.3m)
-123.53%
|
$4.8m
+211.92%
|
|
| Free Cash Flow | — | — | — | — | — | — | $58.8m | ($132.8m) | ($30.1m) | ($33.9m) | ($37.9m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($39k) | ($16k) | ($40k) | ($12k) | ($12k) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($40.3m) | ($12.6m) | $1.6m | ($2.6m) | ($3.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($86.2m) | ($235.9m) | ($107.7m) | ($140.1m) | ($87.3m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($38.5m) | ($107.9m) | ($4.6m) | ($27.1m) | $0 | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($241k) | ($2.2m) | ($597k) | ($956k) | ($838k) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($47.5m) | ($125.8m) | ($102.5m) | ($112.1m) | ($59.4m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($50.9m) | ($24.2m) | ($9.4m) | ($10.7m) | ($13.5m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $384k | $236k | $1.8m | $399k | $536k | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $367k | ($258k) | ($23k) | ($157k) | ($437k) | |
| Purchase Of Business | — | — | — | — | — | — | ($38.5m) | ($107.9m) | ($4.6m) | ($27.1m) | $0 | |
| Purchase Of Investment | — | — | — | — | — | ($13k) | ($241k) | ($2.2m) | — | — | — | |
| Purchase Of PPE | $112.8m | $110.8m | $75.1m | $138.3m | $94.0m | $35.3m | ($100.5m) | ($217.6m) | ($153.0m) | ($147.6m) | ($122.9m) | |
| Sale Of Investment | — | — | — | — | — | $1.5m | $0 | $0 | — | — | $0 | |
| Sale Of PPE | — | — | — | — | — | — | $53.0m | $91.8m | $50.4m | $35.5m | $63.5m | |
| Stock Based Compensation | — | — | — | — | — | — | $6.6m | $7.1m | $3.7m | $3.6m | $2.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.