Industrials - Integrated Freight & Logistics - NASDAQ - US
$ 34.52
-4.3 %
$ 1 B
Market Cap
-1.18
P/E
CASH FLOW STATEMENT
181 M
OPERATING CASH FLOW
175 M
INVESTING CASH FLOW
1.55 B
FINANCING CASH FLOW
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Forward Air Corporation
| Net Income | 42.6 M |
| Depreciation & Amortization | 57.4 M |
| Capital Expenditures | -30.7 M |
| Stock-Based Compensation | 11.5 M |
| Change in Working Capital | 92.5 M |
| Others | 17 M |
| Free Cash Flow | 151 M |
Cash Flow
Millions
| Dec-2023 | Dec-2022 | Dec-2021 | Dec-2020 | Dec-2019 | Dec-2018 | Dec-2017 | Dec-2016 | Dec-2015 | Dec-2014 | Dec-2013 | Dec-2012 | Dec-2011 | Dec-2010 | Dec-2009 | Feb-2009 | Feb-2008 | Dec-2006 | Dec-2005 | Dec-2004 | Dec-2003 | Dec-2002 | Dec-2001 | Dec-2000 | Dec-1999 | Dec-1998 | Dec-1997 | Dec-1996 | Dec-1995 | Dec-1994 | Dec-1993 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| OPERATING CASH FLOW | |||||||||||||||||||||||||||||||
| Net Income | 42.6 | 193.2 | 116.1 | 52.8 | 87.1 | 92.1 | 87.3 | 27.7 | 55.6 | 61.2 | 54.5 | 52.7 | 47.2 | 32.0 | 9.9 | 42.5 | 44.9 | 48.9 | 44.9 | 34.4 | 25.9 | 21.8 | 19.9 | 23.4 | 16.0 | 8.1 | 8.6 | 4.0 | 4.5 | 4.0 | 2.2 |
| Depreciation & Amortization | 57.4 | 47.4 | 39.6 | 37.1 | 42.1 | 42.2 | 41.1 | 38.2 | 37.2 | 31.1 | 23.6 | 21.0 | 21.0 | 20.4 | 19.7 | 16.6 | 10.8 | 8.9 | 8.9 | 6.8 | 7.3 | 7.5 | 8.4 | 5.8 | 5.0 | 4.3 | 11.2 | 10.5 | (8.7) | (6.4) | (3.4) |
| Deferred Income Tax | (8.9) | 7.7 | 1.4 | 1.3 | 6.8 | 8.1 | (12.5) | 3.5 | 14.5 | (3.0) | 4.9 | 2.0 | 4.4 | 1.4 | (4.1) | 1.2 | 0.6 | (0.1) | 48 K | 1.5 | (1.3) | 60 K | 0.2 | 2.8 | 1.4 | 1.9 | 2.6 | 1.7 | 2.8 | 1.8 | 0.8 |
| Stock Based Compensation | 11.5 | 10.7 | 10.5 | 11.0 | 11.9 | 10.5 | 8.1 | 8.3 | 7.5 | 6.7 | 6.2 | 6.0 | 6.0 | 6.3 | 6.8 | 6.3 | 3.7 | 1.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Operating Activities | (13.7) | 10.9 | 3.9 | (5.1) | 5.2 | 3.1 | 6.2 | 43.3 | (0.8) | 0.2 | (1.8) | 2.1 | 1.7 | 0.8 | 9.9 | 4.1 | 4.8 | (0.1) | 1.4 | 2.0 | 0.5 | (0.1) | (1.0) | 1.7 | 1.5 | 3.3 | 0.9 | 0.1 | 17.5 | 12.8 | 6.9 |
| Change in Working Capital | 92.5 | (11.4) | (51.6) | (12.4) | 8.4 | (3.5) | (26.8) | 9.3 | (28.3) | (4.5) | 3.6 | (15.3) | (3.3) | (7.0) | 8.0 | (11.8) | 1.5 | (6.4) | (4.0) | (7.3) | (1.5) | (2.0) | 5.6 | 94 K | (3.9) | (15.6) | (1.8) | (3.9) | (0.2) | (3.2) | (4.7) |
| Cash From Operations | 181.4 | 259.1 | 120.3 | 84.1 | 161.5 | 152.6 | 103.4 | 130.3 | 85.7 | 91.7 | 90.8 | 68.6 | 77.0 | 54.0 | 50.2 | 59.1 | 62.4 | 52.5 | 51.2 | 37.4 | 32.7 | 30.0 | 35.5 | 33.8 | 20.1 | 1.9 | 22.6 | 12.5 | 15.8 | 9.2 | 1.7 |
| INVESTING CASH FLOW | |||||||||||||||||||||||||||||||
| Capital Expenditures | (30.7) | (40.7) | (39.1) | (20.3) | (30.7) | (42.3) | (38.3) | (42.2) | (40.5) | (39.5) | (35.4) | (21.4) | (21.2) | (15.1) | (20.8) | (26.7) | (47.0) | (15.5) | (22.1) | (11.2) | (2.9) | (3.9) | (4.8) | (16.5) | (7.4) | (11.8) | (19.1) | (8.8) | (24.7) | (36.5) | (21.4) |
| Other Items | 205.6 | (63.7) | (49.2) | (62.4) | (35.7) | (13.2) | (20.9) | (10.2) | (60.4) | (88.2) | (43.5) | 0.6 | 1.5 | 1.3 | 0.6 | (29.5) | 13.0 | 16.2 | 25.2 | (40.2) | 17.6 | 3.5 | (26.2) | (10.3) | (6.0) | (5.2) | 39 K | 2.7 | 3.2 | 4.7 | (2.5) |
| Cash From Investing Activities | 174.8 | (104.5) | (88.3) | (82.7) | (66.4) | (55.5) | (59.2) | (52.4) | (100.9) | (127.7) | (78.9) | (20.7) | (19.7) | (13.9) | (20.2) | (56.2) | (34.1) | 0.8 | 3.1 | (51.4) | 14.7 | (0.4) | (31.0) | (26.9) | (13.4) | (17.0) | (19.0) | (6.0) | (21.5) | (31.8) | (23.9) |
| FINANCING CASH FLOW | |||||||||||||||||||||||||||||||
| Common Stock Repurchased | (93.8) | (62.8) | (49.0) | (45.2) | (56.2) | (66.1) | (49.0) | (40.0) | (20.0) | (40.0) | (0.4) | 0.3 | (26.1) | 0 | 0 | 0 | (55.1) | (41.7) | (54.1) | (9.6) | 0 | (12.5) | 0 | 0 | 0 | 0 | 0 | (1.8) | 0 | 0 | 0 |
| Total Debt Repaid | 1 672.5 | (55.1) | 42.6 | 43.6 | 0 | 6.7 | 12.2 | (55.8) | 23.6 | (9.7) | (20.4) | (0.6) | (50.6) | (0.9) | (1.5) | 18.4 | 29.5 | (1.5) | 1.5 | 30 K | (0.5) | (4.4) | (2.8) | (0.2) | (20.7) | 12.2 | (1.4) | (1.2) | 8.3 | 18.9 | 4.8 |
| Dividends Paid | (25.0) | (25.9) | (23.0) | (20.9) | (20.5) | (18.4) | (18.1) | (15.5) | (14.8) | (14.8) | (12.1) | (9.9) | (8.2) | (8.1) | (8.1) | (8.1) | (8.3) | (8.7) | (7.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (3.0) |
| Other Financing Activities | (3.7) | (2.4) | (5.5) | (3.9) | 16.0 | 2.5 | 6.0 | 8.5 | 18.2 | 14.6 | 36.1 | 16.0 | 11.9 | 0.2 | (0.6) | 3.7 | 2.0 | 2.0 | 75 K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100 K | 0 |
| Cash From Financing Activities | 1 550.0 | (146.1) | (34.9) | (26.5) | (56.0) | (75.3) | (48.8) | (102.8) | 7.1 | (49.9) | 3.3 | 5.5 | (73.0) | (7.6) | (10.0) | 14.3 | (31.6) | (45.4) | (54.1) | (2.3) | 2.4 | (15.2) | (0.7) | 2.6 | (1.2) | 14.6 | (2.9) | (10.3) | 8.6 | 19.3 | 26.4 |
| CHANGE IN CASH | |||||||||||||||||||||||||||||||
| Net Change In Cash | 1 906.3 | 8.5 | (2.9) | (24.5) | 39.1 | 21.8 | (4.6) | (24.8) | (8.1) | (85.9) | 15.2 | 53.4 | (15.7) | 32.5 | 19.9 | 17.2 | (3.3) | 7.9 | 0.3 | (16.3) | 49.9 | 14.3 | 3.8 | 9.6 | 5.5 | (0.4) | 0.7 | (3.8) | 8.6 | 19.3 | 26.4 |
| FREE CASH FLOW | |||||||||||||||||||||||||||||||
| Free Cash Flow | 150.7 | 218.4 | 81.2 | 63.8 | 130.8 | 110.3 | 65.1 | 88.2 | 45.2 | 52.2 | 55.4 | 47.2 | 55.7 | 38.8 | 29.3 | 32.4 | 15.4 | 37.0 | 29.2 | 26.2 | 29.9 | 26.0 | 30.7 | 17.3 | 12.7 | (9.9) | 3.5 | 3.8 | (8.9) | (27.3) | (19.7) |