Forward Air Corporation
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides exped…
Integrated Freight & Logistics
US, Greeneville [HQ]
Cash Flow Statements
15 Sheets · Starting from 2023In Million USD. Margins, Growth Rates In %
| Metric | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Cash Flow (OCF) | 50.00 | 53.00 | 76.00 | 68.00 | 90.00 | 91.00 | 85.00 | 130.00 | 103.00 | 152.00 | 161.00 | 84.00 | 120.00 | 259.00 | 181.00 | |
| Operating Cash (Net) | 50.00 | 53.00 | 76.00 | 68.00 | 90.00 | 91.00 | 85.00 | 130.00 | 103.00 | 152.00 | 161.00 | 84.00 | 120.00 | 259.00 | 181.00 | |
| Accounts Receivable | - - | -8.00 | -9.00 | -6.00 | 1.00 | -12.00 | 5.00 | -9.00 | -31.00 | -12.00 | 2.00 | -25.00 | -52.00 | -19.00 | 25.00 | |
| Accounts Payable | 8.00 | 3.00 | 3.00 | -3.00 | 2.00 | - - | -17.00 | -1.00 | 8.00 | 12.00 | 8.00 | 23.00 | 17.00 | 12.00 | 36.00 | |
|
Working Capital
|
- - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Change | 8.00 | -6.00 | -3.00 | -15.00 | 3.00 | -4.00 | -28.00 | 9.00 | -26.00 | -3.00 | 8.00 | -12.00 | -51.00 | -11.00 | 92.00 | |
| Other WC | 77.00 | 118.00 | 105.00 | -3.00 | - - | 8.00 | -14.00 | 20.00 | -3.00 | -1.00 | 6.00 | 13.00 | -16.00 | -4.00 | 30.00 | |
| Investing Activities | ||||||||||||||||
| Used Cash (Net) | -20.00 | -13.00 | -19.00 | -20.00 | -78.00 | -127.00 | -100.00 | -52.00 | -59.00 | -55.00 | -66.00 | -82.00 | -88.00 | -104.00 | 174.00 | |
| Capital Expenditure | -20.00 | -15.00 | -21.00 | -21.00 | -35.00 | -39.00 | -40.00 | -42.00 | -38.00 | -42.00 | -30.00 | -20.00 | -39.00 | -40.00 | -30.00 | |
| Purchases of Investments | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Sale/Maturity of Investment | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Property, Plant, Equipment (P&PE) | -20.00 | -15.00 | -21.00 | -21.00 | -35.00 | -39.00 | -40.00 | -42.00 | -38.00 | -42.00 | -30.00 | -20.00 | -39.00 | -40.00 | -30.00 | |
| Acquisitions (Net) | - - | - - | - - | - - | -45.00 | -90.00 | -61.00 | -11.00 | -23.00 | -19.00 | -39.00 | -63.00 | -59.00 | -66.00 | -52.00 | |
| Other Investing Activities | - - | 1.00 | 1.00 | - - | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 6.00 | 3.00 | 1.00 | 10.00 | 2.00 | 258.00 | |
| Financing Activities | ||||||||||||||||
| Used Cash (Net) | -10.00 | -7.00 | -72.00 | -5.00 | -3.00 | -49.00 | -7.00 | -102.00 | -48.00 | -75.00 | -56.00 | -26.00 | -34.00 | -146.00 | -1,550.00 | |
| Debt Repayment | -1.00 | - - | -50.00 | - - | -20.00 | -9.00 | -101.00 | -55.00 | -42.00 | - - | - - | -43.00 | -42.00 | -55.00 | -1,672.00 | |
| Dividends Paid | -8.00 | -8.00 | -8.00 | -9.00 | -12.00 | -14.00 | -14.00 | -15.00 | -18.00 | -18.00 | -20.00 | -20.00 | -22.00 | -25.00 | -24.00 | |
|
Common Stock
|
- - | - - | 26 | 15 | - - | 41 | 20 | 40 | 49 | 66 | 80 | 53 | 53 | 62 | 94 | |
| Issued | - - | - - | - - | 15.00 | - - | - - | - - | - - | - - | - - | 24.00 | 4.00 | 4.00 | - - | - - | |
| Repurchased | - - | - - | -26.00 | - - | - - | -41.00 | -19.00 | -39.00 | -48.00 | -66.00 | -56.00 | -48.00 | -48.00 | -62.00 | -93.00 | |
| Other Financing Activities | - - | - - | 11.00 | - - | 35.00 | 15.00 | 142.00 | 8.00 | 60.00 | 9.00 | -3.00 | - - | -9.00 | -2.00 | -4.00 | |
| Cash Balances | ||||||||||||||||
| Begin of Period | 22.00 | 42.00 | 74.00 | 58.00 | 112.00 | 127.00 | 41.00 | 33.00 | 8.00 | 3.00 | 25.00 | 64.00 | 40.00 | 37.00 | 45.00 | |
| End of Period | 42.00 | 74.00 | 58.00 | 112.00 | 127.00 | 41.00 | 33.00 | 8.00 | 3.00 | 25.00 | 64.00 | 40.00 | 37.00 | 45.00 | 161.00 | |
| Change | 19.00 | 32.00 | -15.00 | 53.00 | 15.00 | -85.00 | -8.00 | -24.00 | -4.00 | 21.00 | 39.00 | -24.00 | -2.00 | 8.00 | 115.00 | |
| Non-Cash Balances | ||||||||||||||||
| Depreciation and Amortization | 19.00 | 20.00 | 20.00 | 21.00 | 23.00 | 31.00 | 37.00 | 38.00 | 41.00 | 42.00 | 42.00 | 37.00 | 39.00 | 47.00 | 57.00 | |
| Stock Based Compensation | 6.00 | 6.00 | 5.00 | 6.00 | 6.00 | 6.00 | 7.00 | 8.00 | 8.00 | 10.00 | 11.00 | 11.00 | 10.00 | 10.00 | 11.00 | |
| Other | 9.00 | - - | 1.00 | 2.00 | -1.00 | - - | - - | 43.00 | 6.00 | 3.00 | 5.00 | -5.00 | 3.00 | 10.00 | -13.00 | |
| Highlighted metrics | ||||||||||||||||
| Free Cash Flow (FCF) | 29.00 | 38.00 | 55.00 | 47.00 | 55.00 | 52.00 | 45.00 | 88.00 | 65.00 | 110.00 | 130.00 | 63.00 | 81.00 | 218.00 | 150.00 | |
| Cash Conversion Cycle (CCC) | 25.00 | 26.00 | 32.00 | 38.00 | 31.00 | 32.00 | 31.00 | 35.00 | 37.00 | 31.00 | 29.00 | 38.00 | 34.00 | 26.00 | 29.00 | |
| Invested Capital | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
|
Other Operating Inflows/Outflows
|
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| Forex Effect on Cash | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | -1,790.00 |