Forward Air Corporation
Cash Flow Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-645.4M | $-61.7M | $101.7M | $9.3M | $20.0M | $36.4M | $42.9M | $52.1M |
| Depreciation & Amortization | $48.6M | $31.8M | $17.6M | $14.2M | $13.2M | $12.4M | $7.6M | $12.3M |
| Depreciation | — | — | — | $11.0M | $10.0M | $9.2M | — | $8.1M |
| Amortization | $33.7M | $18.1M | $2.6M | $4.5M | $4.5M | $4.5M | $97.0K | $4.2M |
| Stock-Based Compensation | $3.6M | $1.6M | $2.9M | $2.8M | $2.9M | $2.9M | $1.9M | $2.7M |
| Net Cash from Operating Activities | $-45.2M | $-51.7M | $39.8M | $29.9M | $63.6M | $66.0M | $53.3M | $84.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $14.4M | $5.0M | $7.6M | $5.8M | $10.8M | $6.5M | $13.9M | $6.7M |
| Business Acquisitions | $0 | $1.57B | $0 | $0 | $136.0K | $56.6M | $25.7M | $0 |
| Net Cash from Investing Activities | $-14.0M | $-1.57B | — | $-5.7M | $-9.6M | $-61.5M | — | $-6.1M |
| Financing Activities | ||||||||
| Dividends Paid | $0 | $0 | $6.2M | $6.2M | $6.3M | $6.3M | $6.4M | $6.5M |
| Stock Repurchases | $0 | $0 | $0 | $14.0M | $29.3M | $50.5M | $15.0M | $30.0M |
| Net Cash from Financing Activities | $-4.2M | $-158.7M | — | $-23.6M | $-67.8M | $-18.2M | — | $-78.5M |
| Net Change in Cash | $-67.6M | $-1.78B | $1.93B | $562.0K | $-13.7M | $-13.8M | $-1.0M | $-540.0K |
| Free Cash Flow | $-59.6M | $-56.7M | $32.2M | $24.0M | $52.8M | $59.5M | $39.5M | $77.3M |