Landstar System Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021
Net Income	195.95	264.39	430.91	381.52
Depreciation & Amortization	56.74	58.15	57.45	49.61
Loss (Gain) From Sale of Assets	-1.6	-4.57	-2.94	-1.83
Stock-Based Compensation	3.44	4.28	12.4	27.54
Provision & Write-off of Bad Debts	18.27	14.03	12.22	5.72
Other Operating Activities	-6.73	-7.45	-5.01	-3.34
Change in Accounts Receivable	37.83	222.9	219.19	-362.23
Change in Accounts Payable	-12.36	-131.39	-76.76	224.13
Change in Other Net Operating Assets	-4.98	-26.7	-24.81	-44.37
Operating Cash Flow	286.56	393.65	622.66	276.74
Operating Cash Flow Growth	-27.20%	-36.78%	125.00%	31.33%
Capital Expenditures	-31	-25.69	-26.01	-23.26
Sale of Property, Plant & Equipment	9.75	8.29	5.24	2.97
Investment in Securities	10.75	10.92	-4	-53.05
Investing Cash Flow	-10.5	-6.48	-24.77	-73.34
Short-Term Debt Issued	-	-	-	41.73
Total Debt Issued	-	-	-	41.73
Short-Term Debt Repaid	-0.51	-31.41	-23.53	-
Long-Term Debt Repaid	-31.03	-36.35	-39.06	-37.64
Total Debt Repaid	-31.54	-67.77	-62.59	-37.64
Net Debt Issued (Repaid)	-31.54	-67.77	-62.59	4.09
Issuance of Common Stock	-	0.03	0.07	0.16
Repurchase of Common Stock	-85.33	-63.1	-296.41	-125.06
Common Dividends Paid	-49.84	-45.7	-115.67	-111.96
Other Financing Activities	-	-	-1.08	-0.17
Financing Cash Flow	-237.34	-247.97	-475.68	-232.95
Foreign Exchange Rate Adjustments	-4.75	2.26	-2.2	-0.23
Net Cash Flow	33.98	141.46	120.01	-29.78
Free Cash Flow	255.56	367.96	596.65	253.48
Free Cash Flow Growth	-30.55%	-38.33%	135.39%	40.75%
Free Cash Flow Margin	5.29%	6.93%	8.02%	3.88%
Free Cash Flow Per Share	7.19	10.24	16.29	6.63
Cash Interest Paid	0.81	3.6	4.15	3.72
Cash Income Tax Paid	47.53	92.7	158.72	104.84
Levered Free Cash Flow	235.23	319.6	514.48	173.11
Unlevered Free Cash Flow	235.23	319.6	516.74	175.6
Change in Working Capital	20.5	64.81	117.62	-182.48

Source: S&P Global Market Intelligence. Standard template. Financial Sources.