Landstar System Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 25, 2021	Dec '20 Dec 26, 2020
Net Income	137.26	195.95	264.39	430.91	381.52	192.11
Depreciation & Amortization	48.62	56.74	58.15	57.45	49.61	45.86
Stock-Based Compensation	5.11	3.44	4.28	12.4	27.54	4.64
Other Adjustments	19.97	9.94	2.01	4.27	0.55	10.89
Change in Receivables	-24.77	37.83	222.9	219.19	-362.23	-285.17
Changes in Accounts Payable	6.05	-12.36	-131.39	-76.76	224.13	108.09
Changes in Other Operating Activities	-9.05	-4.98	-26.7	-24.81	-44.37	134.31
Operating Cash Flow	213.29	286.56	393.65	622.66	276.74	210.72
Operating Cash Flow Growth	-32.35%	-27.20%	-36.78%	125.00%	31.33%	-31.55%
Capital Expenditures	-14.42	-31	-25.69	-26.01	-23.26	-30.63
Sale of Property, Plant & Equipment	9.88	9.75	8.29	5.24	2.97	7.76
Purchases of Investments	-146.11	-101.31	-101.64	-45.2	-84.99	-25.55
Proceeds from Sale of Investments	151.69	112.07	112.56	41.2	31.94	22.63
Payments for Business Acquisitions	-	-	-	-	-	-2.77
Other Investing Activities	-	-	-	-	-	0.13
Investing Cash Flow	1.04	-10.5	-6.48	-24.77	-73.34	-28.42
Issuance of Common Stock	-	-	0.03	0.07	0.16	0.73
Repurchase of Common Stock	-146.87	-85.33	-63.1	-296.41	-125.06	-119.29
Net Common Stock Issued (Repurchased)	-146.87	-85.33	-63.08	-296.34	-124.9	-118.56
Common Dividends Paid	-123.82	-120.48	-117.13	-115.67	-111.96	-109.5
Other Financing Activities	-36.09	-31.54	-67.77	-63.67	3.92	-23.97
Financing Cash Flow	-306.77	-237.34	-247.97	-475.68	-232.95	-252.03
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.4	-4.75	2.26	-2.2	-0.23	-0.43
Net Cash Flow	-92.84	33.98	141.46	120.01	-29.78	-70.16
Free Cash Flow	198.88	255.56	367.96	596.65	253.48	180.09
Free Cash Flow Growth	-22.18%	-30.55%	-38.33%	135.39%	40.75%	-37.56%
FCF Margin	4.15%	5.29%	6.93%	8.02%	3.88%	4.35%
Free Cash Flow Per Share	5.68	7.19	10.24	16.29	6.63	4.67
Levered Free Cash Flow	168.46	204.35	138.77	360.79	587.63	449.74
Unlevered Free Cash Flow	168.3	200.18	135.77	363.54	590.65	452.79

SEC Filings: 10-K · 10-Q