← FORWARD AIR CORP
| 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 | $27.7m |
$87.3m
+215.58%
|
$92.1m
+5.42%
|
$87.1m
-5.38%
|
$23.7m
-72.75%
|
$105.9m
+346.04%
|
$193.2m
+82.50%
|
$167.4m
-13.38%
|
($817.0m)
-588.18%
|
($107.8m)
+86.81%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | — | — | — | ($837.1m) | — | — | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | ($1.1b) | ($141.7m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | ($314.3m) | ($33.9m) | — | |
| Depreciation, Depletion and Amortization | $38.2m | $41.1m | $42.2m | $42.1m | $37.1m | $39.6m | $47.4m | $57.4m | $144.0m | $152.6m | $155.3m | |
| Amortization of Intangible Assets | $10.1m | $10.2m | $9.1m | $11.2m | $13.5m | $14.3m | $16.0m | $16.0m | $85.9m | $92.4m | — | |
| Capitalized Computer Software, Amortization | $1.7m | $1.8m | $1.9m | $1.9m | $2.1m | $2.4m | $2.6m | $2.9m | $3.4m | — | — | |
| Depreciation | $28.1m | $30.9m | $33.0m | $30.9m | $37.1m | $39.6m | $47.4m | $57.4m | $144.0m | $152.6m | $155.3m | |
| Deferred Income Tax Expense (Benefit) | $3.5m | ($12.5m) | $8.1m | $6.8m | $772k | $1.4m | $7.7m | ($8.9m) | ($133.5m) | ($10.9m) | ($9.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $8.3m | $8.1m | $10.5m | $11.9m | $11.0m | $10.9m | $11.4m | $11.5m | $10.2m | $13.4m | $9.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | $1.9m | $3.0m | $3.5m | $3.1m | $3.3m | $4.3m | $1.4m | $1.1m | — | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | $9.1m | $9.9m | $10.6m | $9.1m | $11.6m | $9.8m | |
| Goodwill and Intangible Asset Impairment | $42.4m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $25.7m | — | — | — | — | — | — | — | $1.0b | $0 | $263.8m | |
| Impairment of Intangible Assets, Finite-lived | $16.5m | $16.5m | $16.5m | $16.5m | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($1.6m) | ($1.2m) | ($1.8m) | ($2.7m) | ($4.6m) | ($4.3m) | ($5.1m) | ($31.6m) | ($186.9m) | ($183.6m) | — | |
| Other Nonoperating Income (Expense) | $4k | ($11k) | ($2k) | ($1k) | ($3k) | $0 | $0 | — | $1.2m | $3.0m | — | |
| Net Cash Provided by (Used in) Operating Activities | $130.3m |
$103.4m
-20.70%
|
$152.6m
+47.59%
|
$159.0m
+4.24%
|
$96.1m
-39.56%
|
$124.9m
+29.96%
|
$259.1m
+107.44%
|
$199.2m
-23.11%
|
($69.0m)
-134.64%
|
$44.4m
+164.31%
|
$70.8m
+59.61%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | ($291k) | ($1.3m) | $171k | ($1.1m) | $2.4m | $2.6m | $2.4m | $3.7m | $5.1m | $2.2m | $448k | |
| Payments to Acquire Property, Plant, and Equipment | $42.2m | $38.3m | $42.3m | $28.2m | $20.3m | $39.1m | $40.7m | $30.7m | $37.1m | $29.1m | ($22.6m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $11.8m | $23.1m | $20.0m | $39.0m | $63.7m | $59.9m | $66.1m | $56.7m | $1.6b | $0 | ($11.0m) | |
| Payments for (Proceeds from) Other Investing Activities | $336k | $223k | $242k | $0 | — | — | — | — | $444k | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($52.4m) | ($59.2m) | ($55.5m) | ($63.9m) | ($81.5m) | ($96.3m) | ($104.5m) | ($83.7m) | ($1.6b) | ($26.9m) | ($10.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Proceeds from Issuance of Long-term Debt | $0 | $0 | — | — | — | $0 | $0 | $1.8b | $0 | $0 | $160.0m | |
| Payments for Repurchase of Common Stock | $40.0m | $49.0m | $66.1m | $56.2m | $45.2m | $49.0m | $62.8m | $93.8m | $0 | $0 | — | |
| Proceeds from Issuance of Common Stock | — | — | — | $614k | $664k | $911k | $783k | $800k | $753k | $846k | — | |
| Dividends paid | $15.5m | $18.1m | $18.4m | $20.5m | $20.9m | $23.0m | $25.9m | $25.0m | $0 | $0 | $0 | |
| Net Cash Provided by (Used in) Financing Activities | ($102.8m) |
($48.8m)
+52.52%
|
($75.3m)
-54.38%
|
($56.0m)
+25.64%
|
($39.1m)
+30.20%
|
($31.5m)
+19.42%
|
($146.1m)
-363.85%
|
$1.8b
+1325.50%
|
($163.8m)
-109.15%
|
($17.5m)
+89.30%
|
($16.0m)
+8.54%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | ($2.9m) | $8.5m | $1.9b | ($1.8b) | $730k | $139.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $37.3m | $45.8m | $2.0b | $105.3m | $106.0m | $139.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $0 | $0 | $1.0m | $791k | ($10k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | $4.2m | $5.4m | $11.9m | $164.0m | $166.7m | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $872k | — | |
| Additional Financial Items | ||||||||||||
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | $455k | $33k | ($379k) | $496k | $294k | $0 | $0 | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | — | — | $1.1m | ($5.9m) | — | |
| Goodwill | $184.7m | $191.7m | $199.1m | $221.1m | $245.0m | $266.8m | $306.2m | $278.7m | $522.7m | $522.7m | $263.8m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | $82.3m | $52.8m | $116.1m | $193.2m | $42.8m | ($1.1b) | ($141.7m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | $82.3m | $52.8m | $116.1m | $193.2m | $42.8m | ($1.1b) | ($141.7m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | $82.3m | $52.8m | $116.1m | $193.2m | $42.8m | ($1.1b) | $0 | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | $82.3m | ($29.0m) | ($10.2m) | $0 | $124.5m | ($6.4m) | ($141.7m) | — | |
| Income Tax Expense (Benefit) | $30.7m | $20.1m | $28.2m | $29.0m | $16.6m | $38.9m | $67.6m | $13.8m | ($125.0m) | ($5.5m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $189.2m | $180.7m | — | |
| Operating Costs and Expenses | — | — | — | — | — | $833.1m | $906.5m | $586.2m | $1.3b | $1.2b | — | |
| Operating Lease, Expense | — | — | — | — | — | $79.6m | $97.1m | $87.4m | $182.2m | $204.0m | — | |
| Proceeds from Stock Options Exercised | $8.1m | $7.3m | $3.9m | $4.0m | $4.2m | $3.7m | $206k | $0 | $0 | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.