Landstar System, Inc.
Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company operates through two segments: Transportation Logistics, and Insurance.
Integrated Freight & Logistics
US, Jacksonville [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) | 144.00 | 108.00 | 118.00 | 125.00 | 162.00 | 101.00 | 216.00 | 190.00 | 138.00 | 297.00 | 307.00 | 210.00 | 276.00 | 622.00 | 264.00 | |
| Operating Cash (Net) | 144.00 | 108.00 | 118.00 | 125.00 | 162.00 | 101.00 | 216.00 | 190.00 | 138.00 | 297.00 | 307.00 | 210.00 | 276.00 | 622.00 | 264.00 | |
| Accounts Receivable | 32.00 | -38.00 | -98.00 | 7.00 | -28.00 | -60.00 | 5.00 | 5.00 | 5.00 | 7.00 | 9.00 | 9.00 | -362.00 | 12.00 | 12.00 | |
| Accounts Payable | -1.00 | 16.00 | 26.00 | 25.00 | 8.00 | 62.00 | 3.00 | -9.00 | 68.00 | 22.00 | -42.00 | 108.00 | 224.00 | -76.00 | -76.00 | |
|
Working Capital
|
- - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| Change | 35.00 | -13.00 | -43.00 | -44.00 | 5.00 | -80.00 | 19.00 | 5.00 | -76.00 | -27.00 | 17.00 | -42.00 | -182.00 | 117.00 | 199.00 | |
| Other WC | 4.00 | 8.00 | 28.00 | -17.00 | -3.00 | -142.00 | -4.00 | 11.00 | 16.00 | 1.00 | 59.00 | -150.00 | -406.00 | 182.00 | 263.00 | |
| Investing Activities | ||||||||||||||||
| Used Cash (Net) | -22.00 | -50.00 | 8.00 | -21.00 | 65.00 | -4.00 | -8.00 | -14.00 | -22.00 | -8.00 | -18.00 | -28.00 | -73.00 | -24.00 | -24.00 | |
| Capital Expenditure | -2.00 | -27.00 | -4.00 | -7.00 | -6.00 | -10.00 | -4.00 | -22.00 | -15.00 | -9.00 | -19.00 | -30.00 | -23.00 | -26.00 | -25.00 | |
| Purchases of Investments | -49.00 | -65.00 | -58.00 | -56.00 | -50.00 | -36.00 | -44.00 | -43.00 | -58.00 | -54.00 | -65.00 | -25.00 | -84.00 | -45.00 | -45.00 | |
| Sale/Maturity of Investment | 15.00 | 40.00 | 67.00 | 33.00 | 38.00 | 34.00 | 38.00 | 41.00 | 56.00 | 51.00 | 62.00 | 22.00 | 31.00 | 41.00 | 41.00 | |
| Property, Plant, Equipment (P&PE) | -2.00 | -27.00 | -4.00 | -7.00 | -6.00 | -10.00 | -4.00 | -22.00 | -15.00 | -9.00 | -19.00 | -30.00 | -23.00 | -26.00 | -25.00 | |
| Acquisitions (Net) | -14.00 | - - | - - | - - | 74.00 | - - | - - | 10.00 | -8.00 | 4.00 | 3.00 | -2.00 | 2.00 | 5.00 | 8.00 | |
| Other Investing Activities | 28.00 | 1.00 | 4.00 | 9.00 | 9.00 | 7.00 | 1.00 | 10.00 | 4.00 | 4.00 | - - | 7.00 | -50.00 | -4.00 | -3.00 | |
| Financing Activities | ||||||||||||||||
| Used Cash (Net) | -135.00 | -99.00 | -90.00 | -111.00 | -121.00 | -112.00 | -254.00 | -112.00 | -54.00 | -330.00 | -170.00 | -252.00 | -232.00 | -475.00 | -475.00 | |
| Debt Repayment | -113.00 | -26.00 | -33.00 | -121.00 | -61.00 | -37.00 | -36.00 | -47.00 | -46.00 | -43.00 | -46.00 | -43.00 | -37.00 | -62.00 | -39.00 | |
| Dividends Paid | -8.00 | -9.00 | -9.00 | -33.00 | - - | -27.00 | -57.00 | -14.00 | -15.00 | -88.00 | -27.00 | -109.00 | -111.00 | -115.00 | -117.00 | |
|
Common Stock
|
96 | 140 | 62 | 94 | 59 | 67 | 163 | 53 | 110 | 222 | 89 | 137 | 125 | 286 | 286 | |
| Issued | 41.00 | 37.00 | 11.00 | 69.00 | - - | 10.00 | 2.00 | - - | 59.00 | 14.00 | 1.00 | 21.00 | - - | - - | - - | |
| Repurchased | -55.00 | -102.00 | -50.00 | -25.00 | -59.00 | -56.00 | -161.00 | -53.00 | -50.00 | -208.00 | -88.00 | -115.00 | -125.00 | -285.00 | -285.00 | |
| Other Financing Activities | 1.00 | 1.00 | -8.00 | - - | - - | -1.00 | -1.00 | 3.00 | - - | -4.00 | -9.00 | -4.00 | 41.00 | -11.00 | -34.00 | |
| Cash Balances | ||||||||||||||||
| Begin of Period | 98.00 | 85.00 | 44.00 | 80.00 | 74.00 | 180.00 | 163.00 | 114.00 | 178.00 | 242.00 | 199.00 | 319.00 | 249.00 | 219.00 | 339.00 | |
| End of Period | 85.00 | 44.00 | 80.00 | 74.00 | 180.00 | 163.00 | 114.00 | 178.00 | 242.00 | 199.00 | 319.00 | 249.00 | 219.00 | 339.00 | 264.00 | |
| Change | -13.00 | -41.00 | 36.00 | -6.00 | 106.00 | -16.00 | -49.00 | 64.00 | 63.00 | -42.00 | 119.00 | -70.00 | -29.00 | 120.00 | -75.00 | |
| Non-Cash Balances | ||||||||||||||||
| Depreciation and Amortization | 23.00 | 24.00 | 25.00 | 27.00 | 27.00 | 27.00 | 29.00 | 35.00 | 40.00 | 43.00 | 44.00 | 45.00 | 49.00 | 57.00 | 58.00 | |
| Stock Based Compensation | 4.00 | 4.00 | 5.00 | 6.00 | 4.00 | 6.00 | 6.00 | 2.00 | 7.00 | 18.00 | 4.00 | 4.00 | 27.00 | 12.00 | 4.00 | |
| Other | 8.00 | 5.00 | 7.00 | 2.00 | 9.00 | 3.00 | 5.00 | 2.00 | 6.00 | 6.00 | 9.00 | 9.00 | 4.00 | 9.00 | -264.00 | |
| Highlighted metrics | ||||||||||||||||
| Free Cash Flow (FCF) | 142.00 | 81.00 | 113.00 | 118.00 | 155.00 | 91.00 | 211.00 | 167.00 | 123.00 | 288.00 | 288.00 | 180.00 | 253.00 | 596.00 | 238.00 | |
| Cash Conversion Cycle (CCC) | 23.00 | 23.00 | 29.00 | 31.00 | 36.00 | 28.00 | 24.00 | 26.00 | 32.00 | 27.00 | 27.00 | 40.00 | 31.00 | 20.00 | 19.00 | |
| Invested Capital | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
|
Other Operating Inflows/Outflows
|
||||||||||||||||
| Forex Effect on Cash | - - | - - | - - | - - | - - | -1.00 | -2.00 | - - | 1.00 | -1.00 | 1.00 | - - | - - | -2.00 | -2.00 |