Landstar System, Inc. (LSTR) quarterly cash flow statement — complete operating, investing & financing history
Landstar System, Inc. (LSTR) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -50.4M | 78.21M | 72.71M | 89.33M | 7.14M | 55.7M | 61.12M | 83.1M | 48.13M | 94.21M | 89.86M | 112.05M | 52.7M | 139.03M | 185.2M | 226.73M | 114.69M | 94.97M | 59.75M | 79.81M |
| Operating CF Margin % | -3.52% | 6.68% | 6.19% | 7.41% | 0.59% | 4.82% | 5.04% | 6.82% | 3.92% | 8.02% | 7.44% | 8.67% | 3.83% | 9.68% | 11.05% | 12.48% | 5.8% | 4.82% | 3.07% | 4.6% |
| Operating CF Growth % | -806.09% | 40.42% | 18.96% | 7.51% | -85.17% | -40.88% | -31.98% | -25.84% | -8.66% | -32.24% | -51.48% | -50.58% | -54.05% | 46.41% | 209.95% | 184.07% | 70.45% | 35.88% | 148.58% | 721.75% |
| Net Income | 48.95M | 39.44M | 23.94M | 19.36M | 41.89M | 29.81M | 46.19M | 50.03M | 52.62M | 47.1M | 57.99M | 61.65M | 66.56M | 78.19M | 93.3M | 100.22M | 112.56M | 124.84M | 113.31M | 98.67M |
| Depreciation & Amortization | 10.41M | 10.56M | 10.5M | 11.51M | 12.15M | 12.23M | 12.74M | 15.37M | 14.49M | 14.14M | 13.65M | 14.36M | 14.94M | 15.2M | 14.83M | 14.58M | 14.29M | 13.76M | 13.08M | 12.29M |
| Stock-Based Compensation | 2.93M | 2.49M | 755K | 1.59M | 1.62M | 2.04M | -138K | -43K | 1.89M | 1.72M | 12K | 1.14M | 1.27M | 1.85M | 0 | 3.6M | 3.81M | 2M | 8.82M | 7.82M |
| Deferred Taxes | 7.42M | 0 | -3.24M | 11.79M | -6.05M | 146K | -2.63M | -6.11M | 3.01M | -1.26M | -2.11M | -4.42M | -1.94M | 758K | -2.76M | -8.6M | 4.67M | 1.32M | -8.74M | -1.29M |
| Other Non-Cash Items | 2.71M | 88K | 5.26M | 33.28M | 2.96M | 5.69M | 4.74M | 3.63M | 4.75M | 3.67M | 2.86M | 2.35M | 2.39M | 2.13M | 4.2M | 1.98M | 2.8M | 2.57M | 1.38M | 2.11M |
| Working Capital Changes | -122.83M | 25.64M | 35.49M | 11.8M | -45.44M | 5.79M | 81K | 20.21M | -28.63M | 28.83M | 17.46M | 36.97M | -30.53M | 40.91M | 75.64M | 114.95M | -23.44M | -49.52M | -68.1M | -39.79M |
| Change in Receivables | -176.44M | -17.6M | 26.23M | 10.22M | -17.87M | -27.07M | 9.96M | 16.21M | -7.21M | 18.87M | 77.24M | 41.81M | 36.07M | 67.78M | 193.02M | 108.4M | 11.31M | -93.54M | -137.73M | -169.27M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 72.13M | 27.09M | -33.19M | 904K | 12.26M | 5.97M | -13.08M | -4.83M | 17.27M | -11.71M | -68.74M | -13.97M | -11.62M | -37.07M | -116.68M | -26.48M | 44.2M | 22.21M | 56.24M | 66.67M |
| Cash from Investing | -2.36M | -5.8M | -2.68M | 1.1M | -1.92M | 1.15M | 717K | -739K | -6.83M | -3.64M | -4.93M | -1.6M | -4.29M | 4.34M | 1.58M | -14.28M | -8.1M | -3.97M | -4.7M | -9.96M |
| Capital Expenditures | -2.9M | -5.81M | -2.21M | -3.29M | -2.48M | -1.9M | -6.74M | -7.48M | -7.5M | -9.28M | -10.29M | -2.76M | -6.4M | -6.23M | -4.91M | -13.63M | -3.86M | -3.61M | -4.7M | -9.56M |
| CapEx % of Revenue | 0.2% | 0.5% | 0.19% | 0.27% | 0.2% | 0.16% | 0.56% | 0.61% | 0.61% | 0.79% | 0.85% | 0.21% | 0.46% | 0.43% | 0.29% | 0.75% | 0.2% | 0.18% | 0.24% | 0.55% |
| Acquisitions | 1.68M | 1.17M | 527K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.57M | 0 | 0 | 0 | 0 | 609K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 708K | 1.41M | 4.28M | 3.48M | 2.83M | 1.85M | 1.58M | 1.66M | 2.05M | 2.94M | 1.65M | 0 | 311K | 1.72M | 643K | 924K | 0 |
| Cash from Financing | -5.62M | -114.94M | -49.67M | -73.25M | -65.62M | -154.6M | -13.29M | -51.17M | -69.48M | -103.4M | -45.17M | -30.36M | -29.97M | -142.47M | -24.41M | -111.45M | -174.77M | -163.97M | -65.58M | -24.86M |
| Debt Issued (Net) | 9.73M | -9.78M | 621K | -18.44M | -9.76M | -10.01M | -8.15M | -15.58M | -984K | -7.24M | 5.14M | -9.33M | -9.28M | -36.17M | -14.72M | -25.94M | -62.13M | 40.2M | 16.39M | 11.03M |
| Equity Issued (Net) | -1.76M | -22.39M | -36.63M | -40.93M | -41.94M | -60.36M | -2.7M | -22.18M | -56.52M | -3.06M | -38.49M | -24K | -926K | -15.43M | 12K | -73.35M | -103.3M | -109.33M | -72.49M | -26.34M |
| Dividends Paid | -13.57M | -81.73M | -13.66M | -13.86M | -13.92M | -83.32M | -12.72M | -12.75M | -11.78M | -83.23M | -11.83M | -11.86M | -10.78M | -82.66M | -10.78M | -10.93M | -9.26M | -84.71M | -9.5M | -9.56M |
| Share Repurchases | -1.76M | -22.39M | -36.63M | -40.93M | -41.94M | -60.36M | -2.7M | -22.18M | -56.52M | -3.06M | -38.49M | -24K | -926K | -15.43M | 0 | -73.35M | -103.3M | -109.33M | -72.49M | -26.39M |
| Other Financing | -17K | -1.04M | 0 | -17K | -7K | -909K | 10.29M | -668K | -200K | -9.87M | 1K | -9.15M | -8.98M | -8.21M | 1.08M | -1.24M | -86K | -10.13M | 26K | -1K |
| Net Change in Cash | -58.91M | -43.44M | 21.5M | 15.95M | -58.18M | -97.6M | 46.19M | 30.77M | -29.61M | -13.37M | 41.38M | 79.13M | 19.54M | 1.41M | 165.83M | 99.58M | -69.19M | -72.16M | -10.99M | 44.16M |
| Free Cash Flow | -53.3M | 72.4M | 70.51M | 86.04M | 4.66M | 53.8M | 54.38M | 75.62M | 40.64M | 84.93M | 79.57M | 109.29M | 46.3M | 132.8M | 180.29M | 213.1M | 110.83M | 91.36M | 55.05M | 70.25M |
| FCF Margin % | -3.72% | 6.18% | 6% | 7.14% | 0.38% | 4.65% | 4.48% | 6.21% | 3.31% | 7.23% | 6.59% | 8.46% | 3.36% | 9.24% | 10.76% | 11.73% | 5.61% | 4.63% | 2.83% | 4.05% |
| FCF Growth % | -1244.54% | 34.58% | 29.65% | 13.79% | -88.54% | -36.66% | -31.66% | -30.81% | -12.23% | -36.05% | -55.87% | -48.71% | -58.22% | 45.37% | 227.5% | 203.33% | 77.72% | 38.81% | 192.24% | 441.25% |
| FCF per Share | -1.57 | 2.13 | 2.06 | 2.49 | 0.13 | 1.53 | 1.54 | 2.13 | 1.14 | 2.38 | 2.22 | 3.04 | 1.29 | 3.69 | 5.02 | 5.87 | 3.00 | 2.44 | 1.45 | 1.84 |
| FCF Conversion (FCF/Net Income) | -1.03x | 1.98x | 3.04x | 4.61x | 0.17x | 1.87x | 1.32x | 1.66x | 0.91x | 2.00x | 1.55x | 1.82x | 0.79x | 1.78x | 1.98x | 2.26x | 1.02x | 0.76x | 0.53x | 0.81x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |