Heartland Express, Inc.
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 | $-3.5M | $-15.1M | $5.1M | $-10.7M | $7.8M | $12.6M | $15.5M | $24.4M |
| Depreciation & Amortization | $46.1M | $46.5M | $51.1M | $51.1M | $48.3M | $48.5M | $50.6M | $34.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.3M | $1.5M | $1.0M |
| Stock-Based Compensation | $400.0K | $300.0K | $700.0K | $500.0K | $200.0K | $200.0K | $800.0K | $200.0K |
| Net Cash from Operating Activities | $40.0M | $31.0M | $40.8M | $27.2M | $30.8M | $66.4M | $82.2M | $54.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $10.5M | $4.7M | $31.7M | $68.8M | $65.9M | $42.1M | $68.8M | $41.3M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-4.6M | $2.0M | $14.0M | $-48.1M | $-21.0M | $-12.8M | $-41.8M | $-578.7M |
| Financing Activities | ||||||||
| Dividends Paid | $1.6M | $0 | — | — | — | — | $3.1M | $1.6M |
| Stock Repurchases | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Financing Activities | $-35.7M | $-36.7M | $-47.4M | $-6.8M | $-19.1M | $-47.4M | $-55.7M | $417.7M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $29.4M | $26.3M | $9.1M | $-41.6M | $-35.1M | $24.3M | $13.4M | $12.8M |