Covenant Logistics Group, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $7.2M | $35.9M | $55.2M | $108.7M | $60.7M | $-42.7M | $8.5M | $42.5M |
| Depreciation & Amortization | $92.7M | $86.5M | $69.9M | $57.5M | $53.9M | $65.5M | $80.5M | $75.8M |
| Depreciation | $81.9M | $77.0M | $62.4M | $53.2M | $49.8M | $60.4M | $77.6M | $74.4M |
| Amortization | $10.8M | $9.5M | $7.5M | $4.3M | $4.0M | $5.1M | $2.9M | $1.5M |
| Stock-Based Compensation | $3.6M | $3.7M | $7.1M | $6.6M | $9.1M | — | — | — |
| Net Cash from Operating Activities | $113.6M | $122.9M | $84.8M | $159.2M | $73.2M | $63.0M | $64.0M | $124.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $147.6M | $153.0M | $217.6M | $100.5M | $35.3M | $94.0M | $138.3M | $75.1M |
| Business Acquisitions | $27.1M | $4.6M | $107.9M | $38.5M | $0 | $0 | $0 | $105.9M |
| Net Cash from Investing Activities | $-140.1M | $-107.7M | $-235.9M | $-86.2M | $10.3M | $138.0M | $-93.0M | $-120.9M |
| Financing Activities | ||||||||
| Dividends Paid | $7.2M | $5.8M | $5.8M | $4.3M | $0 | — | — | — |
| Stock Repurchases | $36.6M | $0 | $25.4M | $84.7M | $10.3M | $17.5M | $0 | $0 |
| Net Cash from Financing Activities | $-4.3M | $18.1M | $84.7M | $-12.8M | $-83.6M | $-236.3M | $49.5M | $3.9M |
| Net Change in Cash | $-30.7M | $33.3M | $-66.4M | $60.3M | $5.0K | $-35.2M | $20.5M | $7.8M |
| Free Cash Flow | $-33.9M | $-30.1M | $-132.8M | $58.8M | $37.9M | $-31.0M | $-74.2M | $49.7M |