Covenant Logistics Group
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Covenant Logistics Group generated cash of $84,841,000, which is less than the previous year. Cash used in financing activities reached the amount of $84,709,000 last year. Net change in cash is therefore -$66,371,000.
Cash Flow
| 2014 | 73.74M | -84.59M | 22.91M |
|---|---|---|---|
| 2015 | 85.47M | -147.67M | 45.35M |
| 2016 | 102.43M | -47.28M | -51.88M |
| 2017 | 82.85M | -62.05M | -13.19M |
| 2018 | 124.8M | -120.89M | 3.86M |
| 2019 | 64.03M | -93.02M | 49.46M |
| 2020 | 63.04M | 138.04M | -236.27M |
| 2021 | 73.21M | 10.34M | -83.55M |
| 2022 | 159.23M | -86.20M | -12.76M |
| 2023 | 84.84M | -235.92M | 84.70M |
CVLG Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 68.66M | 8.41M | 8.40M | 43.59M | 23.12M | 15.35M | 7.75M | 4.49M | 21.33M | 9.26M |
Operating activities | ||||||||||
Net income | 54.62M | 108.68M | 60.73M | -42.71M | 8.47M | 42.50M | 55.43M | 16.83M | 42.08M | 17.80M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 69.94M | 57.51M | 53.88M | 65.48M | 80.52M | 75.85M | 72.42M | 71.64M | 62.01M | 49.04M |
Stock-based compensation expense | 7.1M | 6.58M | 9.05M | 2.27M | 819K | 0 | 1.20M | 1.37M | 1.49M | 1.38M |
| Deferred income tax benefit | 7.1M | 6.58M | 9.05M | 2.27M | 819K | 0 | 1.20M | 1.37M | 1.49M | 1.38M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | 39.46M | -36.54M | -60.84M | -6.70M | -27.19M | -23.67M | 21.20M | -28.12M | -16.99M |
Inventories | 0 | -193K | -204K | 1.09M | -143K | 168K | -252K | 24K | 398K | 316K |
Accounts payable | -9.19M | -6.21M | 16.34M | 19.83M | -16.06M | 19.23M | -3.42M | -5.11M | -10.56M | 5.55M |
Cash generated by operating activities | 84.84M | 159.23M | 73.21M | 63.04M | 64.03M | 124.8M | 82.85M | 102.43M | 85.47M | 73.74M |
Investing activities | ||||||||||
Purchases Of Investments | -2.20M | -241K | -13K | 1.44M | -1.36M | -1.49M | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -217.60M | -100.46M | -35.28M | -94.04M | -138.27M | -75.14M | -110.80M | -112.79M | -181.96M | -163.67M |
Acquisitions Net | -16.11M | -38.50M | -13K | 108.37M | 46.60M | -105.94M | 48.74M | 65.50M | 0 | 307K |
Cash generated by investing activities | -235.92M | -86.20M | 10.34M | 138.04M | -93.02M | -120.89M | -62.05M | -47.28M | -147.67M | -84.59M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32K | 0 | 62.98M |
Payments for dividends | -5.78M | -4.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Repurchases of common stock | -25.43M | -84.72M | -10.34M | -17.48M | -1.11M | -242K | -785K | -1.14M | -4.99M | -832K |
Repayments of term debt | 129.66M | 77.46M | -716.75M | -1.63B | 50.57M | -1.69B | -12.24M | -1.13B | 51.78M | -153.06M |
Cash used in financing activities | 84.70M | -12.76M | -83.55M | -236.27M | 49.46M | 3.86M | -13.19M | -51.88M | 45.35M | 22.91M |
Net Change In Cash | -66.37M | 60.25M | 5K | -35.18M | 20.46M | 7.77M | 7.60M | 3.26M | -16.84M | 12.06M |
Cash at end of period | 2.29M | 68.66M | 8.41M | 8.40M | 43.59M | 23.12M | 15.35M | 7.75M | 4.49M | 21.33M |
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