Heartland Express, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-52.5M | $-29.7M | $14.8M | $133.6M | $79.3M | $70.8M | $73.0M | $72.7M |
| Depreciation & Amortization | $159.2M | $181.5M | $199.0M | $133.0M | $104.2M | $110.4M | $100.9M | $101.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $5.0M | $5.0M | $5.2M | $3.7M | $2.4M | $2.4M | $2.7M | $2.5M |
| Stock-Based Compensation | $2.2M | $1.0M | $1.6M | $1.4M | $1.1M | $2.1M | $2.1M | $500.0K |
| Net Cash from Operating Activities | $89.3M | $144.3M | $165.3M | $194.7M | $123.4M | $178.9M | $146.4M | $146.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $156.2M | $109.5M | $208.6M | $160.6M | $132.6M | $204.3M | $163.8M | $169.3M |
| Business Acquisitions | — | $0 | $0 | $675.9M | $0 | $0 | $61.9M | $0 |
| Net Cash from Investing Activities | $-26.0M | $-46.5M | $-67.9M | $-663.3M | $-2.6M | $-111.0M | $-132.8M | $-37.8M |
| Financing Activities | ||||||||
| Dividends Paid | $6.2M | $6.3M | $6.3M | $6.3M | $45.9M | $6.5M | $6.6M | $6.6M |
| Stock Repurchases | $10.4M | $7.3M | $0 | $0 | $32.0M | $25.7M | $0 | $25.1M |
| Net Cash from Financing Activities | $-58.2M | $-112.7M | $-120.7M | $359.3M | $-78.1M | $-32.7M | $-100.4M | $-31.9M |
| Net Change in Cash | $5.2M | $-14.9M | $-23.3M | $-109.3M | $42.6M | $35.1M | $-86.9M | $76.8M |
| Free Cash Flow | $-66.9M | $34.8M | $-43.3M | $34.1M | $-9.2M | $-25.5M | $-17.4M | $-22.7M |