LANDSTAR SYSTEM, INC.
Cash Flow Statement
| Line Item | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 | Sep 2023 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $39.4M | $19.4M | $41.9M | $29.8M | $50.0M | $52.6M | $47.1M | $61.7M |
| Depreciation & Amortization | $10.6M | $11.5M | $12.1M | $12.2M | $15.4M | $14.5M | $14.1M | $14.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $2.5M | $1.6M | $1.6M | $2.0M | $-43.0K | $1.9M | $1.7M | $1.1M |
| Net Cash from Operating Activities | $78.2M | $89.3M | $7.1M | $55.7M | $83.1M | $48.1M | $94.2M | $112.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.8M | $3.3M | $2.5M | $1.9M | $7.5M | $7.5M | $9.3M | $2.8M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-5.8M | — | — | $1.1M | — | — | $-3.6M | — |
| Financing Activities | ||||||||
| Dividends Paid | $81.7M | — | — | $83.3M | — | — | $83.2M | — |
| Stock Repurchases | $22.4M | — | — | $60.4M | — | — | $0 | — |
| Net Cash from Financing Activities | $-114.9M | — | — | $-154.6M | — | — | $-103.4M | — |
| Net Change in Cash | $-43.4M | — | — | $-97.6M | — | — | $-13.4M | — |
| Free Cash Flow | $72.4M | $86.0M | $4.7M | $53.8M | $75.6M | $40.6M | $84.9M | $109.3M |