Covenant Logistics Group, Inc. (CVLG)

Covenant Logistics Group Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	35.92	55.23	108.68	60.73
Depreciation & Amortization	86.53	69.94	57.51	53.88
Loss (Gain) From Sale of Assets	1.63	-12.59	-40.32	-3.8
Loss (Gain) From Sale of Investments	-0.04	-0.02	-0.04	0.05
Loss (Gain) on Equity Investments	-11.04	-11.58	-10.49	-9.88
Stock-Based Compensation	3.69	7.1	6.59	9.06
Provision & Write-off of Bad Debts	-0.02	-0.26	0.37	1.34
Other Operating Activities	4.48	18.7	13.97	18.35
Change in Accounts Receivable	2.75	-22.42	39.47	-36.54
Change in Inventory	-0.8	-0.32	-0.19	-0.2
Change in Accounts Payable	-4.41	-9.19	-6.22	12.93
Change in Other Net Operating Assets	5.4	-7.54	-9.56	-32.36
Operating Cash Flow	122.89	84.84	159.23	73.22
Operating Cash Flow Growth	44.85%	-46.72%	117.47%	16.14%
Capital Expenditures	-152.96	-217.61	-100.47	-35.29
Sale of Property, Plant & Equipment	50.44	91.82	53	44.13
Cash Acquisitions	-4.56	-107.93	-38.5	-
Investment in Securities	-0.6	-2.2	-0.24	1.5
Investing Cash Flow	-107.68	-235.92	-86.21	10.34
Long-Term Debt Issued	176.81	293.93	155.38	644.87
Total Debt Issued	176.81	293.93	155.38	644.87
Short-Term Debt Repaid	-	-	-0.22	-1.22
Long-Term Debt Repaid	-146.77	-164.27	-77.7	-715.54
Total Debt Repaid	-146.77	-164.27	-77.91	-716.75
Net Debt Issued (Repaid)	30.04	129.66	77.46	-71.88
Issuance of Common Stock	1.76	0.24	0.38	-
Repurchase of Common Stock	-0.87	-30.22	-86.33	-11.68
Common Dividends Paid	-5.8	-5.78	-4.29	-
Other Financing Activities	-7.02	-9.19	-	-
Financing Cash Flow	18.11	84.71	-12.77	-83.56
Net Cash Flow	33.33	-66.37	60.25	0.01
Free Cash Flow	-30.07	-132.77	58.76	37.93
Free Cash Flow Growth	-	-	54.91%	-
Free Cash Flow Margin	-2.66%	-12.03%	4.83%	3.63%
Free Cash Flow Per Share	-1.08	-4.80	1.89	1.11
Cash Interest Paid	5.67	5.32	3.31	2.76
Cash Income Tax Paid	7.27	4.19	16.65	10.24
Levered Free Cash Flow	-30.44	-148.25	37.42	36.02
Unlevered Free Cash Flow	-21.95	-143.27	39.35	37.77
Change in Working Capital	2.93	-39.46	23.49	-56.18

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q