Landstar System, Inc.
Cash Flow Statement
| Line Item | Mar 2024 | Dec 2023 | Sep 2023 | Jul 2023 | Apr 2023 | Dec 2022 | Sep 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $47.1M | $58.0M | $61.7M | $66.6M | $78.2M | $93.3M | $100.2M | $112.6M |
| Depreciation & Amortization | $14.1M | $13.7M | $14.4M | $14.9M | $15.2M | $14.8M | $14.6M | $14.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $1.7M | $12.0K | $1.1M | $1.3M | $1.9M | $3.0M | $3.6M | $3.8M |
| Net Cash from Operating Activities | $94.2M | $89.9M | $112.1M | $52.7M | $139.0M | $186.3M | $226.7M | $114.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $9.3M | $10.3M | $2.8M | $6.4M | $6.2M | $4.9M | $13.6M | $3.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-3.6M | $-4.9M | $-1.6M | $-4.3M | $4.3M | $1.6M | $-14.3M | $-8.1M |
| Financing Activities | ||||||||
| Dividends Paid | $83.2M | $11.8M | $11.9M | $10.8M | $82.7M | $10.8M | $10.9M | $9.3M |
| Stock Repurchases | $0 | $38.5M | $0 | $0 | $15.4M | $0 | $73.4M | $103.3M |
| Net Cash from Financing Activities | $-103.4M | $-45.2M | $-30.4M | $-30.0M | $-142.5M | $-25.5M | $-111.5M | $-174.8M |
| Net Change in Cash | $-13.4M | $41.4M | $79.1M | $19.5M | $1.4M | $161.8M | $99.6M | $-69.2M |
| Free Cash Flow | $84.9M | $79.6M | $109.3M | $46.3M | $132.8M | $181.4M | $213.1M | $110.8M |