OLD DOMINION FREIGHT LINE, INC. (ODFL) FY2024 YTD Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-09-30

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OLD DOMINION FREIGHT LINE, INC. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $922,929,000.00Depreciation and amortization → Operating adjustments reconciliation: $255,768,000.00Changes in operating assets and liabilities, net → Operating adjustments reconciliation: $47,631,000.00Other, net → Operating adjustments reconciliation: $21,530,000.00Deferred income taxes → Operating adjustments reconciliation: $12,226,000.00Operating adjustments reconciliation → Net cash from operating activities: $335,295,000.00Operating adjustments reconciliation → Gain on disposal of property and equipment: $1,860,000.00Proceeds from maturities of short-term investments → investing reconciliation: $30,000,000.00Proceeds from sale of property and equipment → investing reconciliation: $16,150,000.00investing reconciliation → Purchase of property and equipment: $600,399,000.00investing reconciliation → Purchase of short-term investments: $30,000,000.00Net cash used in financing activities → financing reconciliation: $1,033,611,000.00financing reconciliation → Payments for share repurchases: $784,772,000.00financing reconciliation → Dividends paid: $168,206,000.00financing reconciliation → Forward contract for accelerated share repurchases: $40,000,000.00financing reconciliation → Other financing activities, net: $20,633,000.00financing reconciliation → Principal payments under debt agreements: $20,000,000.00Net cash used in investing activities → investing reconciliation: $584,249,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $433,799,000.00Net cash from operating activities → Cash sources and uses: $1,258,224,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $74,163,000.00Cash sources and uses → Net cash used in investing activities: $584,249,000.00Cash sources and uses → Net cash used in financing activities: $1,033,611,000.00Net income: $922,929,000.00Net income+$922.93 MDepreciation and amortization: $255,768,000.00Depreciation and amortization+$255.77 MGain on disposal of property and equipment: -$1,860,000.00PP&E disposal gain & loss−$1.86 MOther, net: $21,530,000.00Other operating, net+$21.53 MChanges in operating assets and liabilities, net: $47,631,000.00Operating capital, net+$47.63 MDeferred income taxes: $12,226,000.00Deferred income taxes+$12.23 MNet cash from operating activities: $1,258,224,000.00Operating cash+$1.26 BOperating adjustments reconciliation: $337,155,000.00Forward contract for accelerated share repurchases: -$40,000,000.00Forward contract for accelerated share repurchases−$40.00 MPrincipal payments under debt agreements: -$20,000,000.00Long-term debt repaid−$20.00 MDividends paid: -$168,206,000.00Dividends paid−$168.21 MPayments for share repurchases: -$784,772,000.00Common stock repurchases−$784.77 MOther financing activities, net: -$20,633,000.00Other financing, net−$20.63 MNet cash used in financing activities: -$1,033,611,000.00. Cash required to fund net payments.Financing cash−$1.03 Bfinancing reconciliation: $1,033,611,000.00Purchase of property and equipment: -$600,399,000.00Capital expenditures−$600.40 MProceeds from sale of property and equipment: $16,150,000.00PP&E sales+$16.15 MPurchase of short-term investments: -$30,000,000.00Short-term investment purchases−$30.00 MProceeds from maturities of short-term investments: $30,000,000.00Short-term investment maturities+$30.00 MNet cash used in investing activities: -$584,249,000.00. Cash required to fund net payments.Investing cash−$584.25 Minvesting reconciliation: $630,399,000.00Cash sources and uses: $1,692,023,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $433,799,000.00Beginning cash$433.80 MEnding cash: Cash, cash equivalents, and restricted cash: $74,163,000.00Ending cash$74.16 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$657.83 MOperating cash − cash spent on productive assetsCash flow / Net income1.36×Operating cash flow ÷ net incomeNet cash change−$359.64 MEnding cash − beginning cash
Chart details

OLD DOMINION FREIGHT LINE, INC. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
433,799,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,258,224,000 US dollars. Net cash provided.
Net income
922,929,000 US dollars
Depreciation and amortization
255,768,000 US dollars
Gain on disposal of property and equipment
negative 1,860,000 US dollars
Other, net
21,530,000 US dollars
Changes in operating assets and liabilities, net
47,631,000 US dollars
Deferred income taxes
12,226,000 US dollars
Investing activities
negative 584,249,000 US dollars. Net cash used.
Purchase of property and equipment
negative 600,399,000 US dollars
Proceeds from sale of property and equipment
16,150,000 US dollars
Purchase of short-term investments
negative 30,000,000 US dollars
Proceeds from maturities of short-term investments
30,000,000 US dollars
Financing activities
negative 1,033,611,000 US dollars. Net cash used.
Forward contract for accelerated share repurchases
negative 40,000,000 US dollars
Principal payments under debt agreements
negative 20,000,000 US dollars
Dividends paid
negative 168,206,000 US dollars
Payments for share repurchases
negative 784,772,000 US dollars
Other financing activities, net
negative 20,633,000 US dollars
Operating adjustment reconciliation
337,155,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,033,611,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
630,399,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Sep 30, 2024
74,163,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
1,692,023,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 359,636,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.36×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
1,258,224,000 US dollars. Operating cash flow used in the free cash flow calculation.
cash spent on productive assets
600,399,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
657,825,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $335.30M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash spent on productive assets equals free cash flow: 1,258,224,000 US dollars minus 600,399,000 US dollars equals 657,825,000 US dollars.
OLD DOMINION FREIGHT LINE, INC. (ODFL) FY2024 YTD Q3 Statement of Cash Flows Sankey chart
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