Forward Air
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 Forward Air generated cash of $181,388,000, which is less than the previous year. Cash used in financing activities reached the amount of $1,550,025,000 last year. Net change in cash is therefore $1,906,251,000.
Cash Flow
| 2014 | 91.66M | -127.71M | -49.88M |
|---|---|---|---|
| 2015 | 85.72M | -100.91M | 7.07M |
| 2016 | 130.35M | -52.39M | -102.75M |
| 2017 | 103.36M | -59.18M | -48.79M |
| 2018 | 152.55M | -55.46M | -75.32M |
| 2019 | 161.47M | -66.37M | -56.01M |
| 2020 | 84.11M | -82.70M | -26.45M |
| 2021 | 120.26M | -88.31M | -34.88M |
| 2022 | 259.09M | -104.46M | -146.12M |
| 2023 | 181.38M | 174.83M | 1.55B |
FWRD Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 45.82M | 37.31M | 40.25M | 64.74M | 25.65M | 3.89M | 8.51M | 33.31M | 41.42M | 127.36M |
Operating activities | ||||||||||
Net income | 42.80M | 193.19M | 116.09M | 52.76M | 87.09M | 92.05M | 87.32M | 27.67M | 55.57M | 61.16M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 57.40M | 47.38M | 39.55M | 37.12M | 42.10M | 42.18M | 41.05M | 38.21M | 37.15M | 31.13M |
Stock-based compensation expense | 11.49M | 10.66M | 10.5M | 11.03M | 11.90M | 10.54M | 8.10M | 8.33M | 7.48M | 6.68M |
| Deferred income tax benefit | 11.49M | 10.66M | 10.5M | 11.03M | 11.90M | 10.54M | 8.10M | 8.33M | 7.48M | 6.68M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 25.14M | -19.12M | -52.68M | -25.74M | 2.05M | -12.17M | -31.30M | -9.71M | 5.40M | -12.19M |
Inventories | 0 | 0 | 0 | -23.85M | -8.7M | -2.56M | -1.20M | 283K | -1.37M | -280K |
Accounts payable | 36.66M | 12.57M | 17.17M | 23.85M | 8.7M | 12.53M | 8.94M | -1.41M | -17.51M | -199K |
Cash generated by operating activities | 181.38M | 259.09M | 120.26M | 84.11M | 161.47M | 152.55M | 103.36M | 130.35M | 85.72M | 91.66M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments In Property Plant And Equipment | -30.72M | -40.72M | -39.10M | -20.26M | -30.66M | -42.29M | -38.26M | -42.18M | -40.49M | -39.48M |
Acquisitions Net | -52.96M | -66.10M | -59.86M | -63.65M | -39M | -19.98M | -23.14M | -11.8M | -61.87M | -90.17M |
Cash generated by investing activities | 174.83M | -104.46M | -88.31M | -82.70M | -66.37M | -55.46M | -59.18M | -52.39M | -100.91M | -127.71M |
Financing activities | ||||||||||
Common Stock Issued | 800K | 0 | 4.61M | 4.90M | 4.66M | 479K | 0 | 442K | 0 | 0 |
Payments for dividends | -24.99M | -25.86M | -22.97M | -20.86M | -20.49M | -18.42M | -18.05M | -15.52M | -14.82M | -14.79M |
Repurchases of common stock | -93.81M | -62.77M | -48.98M | -48.75M | -56.20M | -66.12M | -48.98M | -39.98M | -19.99M | -41.05M |
Repayments of term debt | 1.67B | -55.10M | -42.09M | -43.55M | 0 | -302K | 12.21M | -55.76M | 23.64M | -9.73M |
Cash used in financing activities | 1.55B | -146.12M | -34.88M | -26.45M | -56.01M | -75.32M | -48.79M | -102.75M | 7.07M | -49.88M |
Net Change In Cash | 1.90B | 8.50M | -2.93M | -24.49M | 39.09M | 21.76M | -4.61M | -24.80M | -8.11M | -85.93M |
Cash at end of period | 1.95B | 45.82M | 37.31M | 40.25M | 64.74M | 25.65M | 3.89M | 8.51M | 33.31M | 41.42M |
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