← LANDSTAR SYSTEM 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 | $137.3m |
$177.1m
+28.93%
|
$255.3m
+44.15%
|
$227.7m
-10.80%
|
$192.1m
-15.64%
|
$381.5m
+98.60%
|
$430.9m
+12.95%
|
$264.4m
-38.64%
|
$195.9m
-25.89%
|
$115.0m
-41.31%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $177.0m | $255.2m | $227.7m | $192.1m | $381.5m | $430.9m | $264.4m | $195.9m | $115.0m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($92k) | ($68k) | ($17k) | — | $0 | — | — | — | — | — | |
| Depreciation and amortization | $35.8m | $40.6m | $43.6m | $44.5m | $45.9m | $49.6m | $57.5m | $58.2m | $56.7m | $46.4m | $43.0m | |
| Depreciation, Depletion and Amortization, Nonproduction | $35.8m | $40.6m | $43.6m | $44.5m | $45.9m | $49.6m | $57.5m | $58.2m | $56.7m | $46.4m | $43.0m | |
| Amortization of Deferred Charges | $238k | $253k | $253k | — | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs | — | — | — | $253k | $334k | $447k | $355k | $263k | $263k | $264k | — | |
| Deferred Income Tax Expense (Benefit) | $6.3m | ($17.0m) | $2.1m | $4.8m | $1.1m | ($3.8m) | ($5.4m) | ($7.7m) | ($7.0m) | $2.6m | $16.2m | |
| Share-based Payment Arrangement, Noncash Expense | $2.7m | $7.7m | $18.3m | $4.2m | $4.6m | $27.5m | $12.4m | $4.3m | $3.4m | $6.0m | $7.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $3.0m | $881k | $3.9m | $8.5m | $3.3m | $2.3m | $10.4m | $9.2m | $3.9m | $933k | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | $0 | $2.6m | $0 | $0 | $0 | $0 | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Payable | ($9.6m) | $68.9m | $22.5m | ($42.1m) | $108.1m | $224.1m | ($76.8m) | ($131.4m) | ($12.4m) | ($14.1m) | $66.9m | |
| Increase (Decrease) in Other Operating Assets | ($9.3m) | $2.0m | $3.0m | $11.4m | $4.7m | ($4.4m) | $5.9m | $2.5m | $16.1m | $11.3m | — | |
| Net Cash Provided by (Used in) Operating Activities | $190.2m |
$139.0m
-26.95%
|
$297.9m
+114.37%
|
$307.8m
+3.34%
|
$210.7m
-31.55%
|
$276.7m
+31.33%
|
$622.7m
+125.00%
|
$393.6m
-36.78%
|
$286.6m
-27.20%
|
$224.9m
-21.52%
|
$189.9m
-15.58%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $3.5m | $774k | $979k | $1.0m | $2.6m | $1.8m | $2.9m | $4.6m | $1.6m | $1.8m | ($786k) | |
| Payments to Acquire Property, Plant, and Equipment | $22.6m | $15.6m | $9.7m | $19.4m | $30.6m | $23.3m | $26.0m | $25.7m | $31.0m | $9.9m | ($14.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $8.5m | — | — | — | — | — | — | — | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | ($14.2m) | ($22.1m) | ($8.2m) | ($18.6m) | ($28.4m) | ($73.3m) | ($24.8m) | ($6.5m) | ($10.5m) | ($2.4m) | ($9.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $50.5m | $0 | $208.1m | $88.6m | $116.0m | $122.7m | $286.0m | $53.9m | $81.4m | $179.9m | — | |
| Dividends paid | $14.3m | $15.9m | $88.9m | $27.9m | $109.5m | $112.0m | $115.7m | $117.1m | $120.5m | $124.8m | ($122.8m) | |
| Dividends Payable, Current | — | $63.0m | — | $78.9m | $76.8m | $75.4m | $71.9m | $71.4m | $70.6m | $68.1m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($112.1m) |
($54.4m)
+51.46%
|
($330.7m)
-507.91%
|
($170.6m)
+48.42%
|
($252.0m)
-47.76%
|
($232.9m)
+7.57%
|
($475.7m)
-104.20%
|
($248.0m)
+47.87%
|
($237.3m)
+4.29%
|
($343.1m)
-44.58%
|
($243.5m)
+29.05%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $376k | $1.0m | ($1.7m) | $119.8m | ($70.2m) | ($29.8m) | $120.0m | $141.5m | $34.0m | ($118.3m) | $295.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $219.6m | $339.6m | $481.0m | $515.0m | $396.7m | $295.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Income Taxes Paid, Net | ($3.0m) | ($881k) | ($3.9m) | ($8.5m) | ($3.3m) | ($2.3m) | ($10.4m) | ($9.2m) | ($3.9m) | $51.5m | — | |
| Additional Financial Items | ||||||||||||
| Goodwill | $31.1m | $39.1m | $38.2m | $38.5m | $40.9m | $40.8m | $41.2m | $42.3m | $40.9m | $34.0m | $32.2m | |
| Income Tax Expense (Benefit) | $82.1m | $63.8m | $73.2m | $68.1m | $56.9m | $120.2m | $136.5m | $83.7m | $58.4m | $35.6m | — | |
| Proceeds from Stock Options Exercised | $2.3m | $3.2m | $1.4m | $1.1m | $725k | $160k | $68k | $28k | $0 | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.