RADIANT LOGISTICS INC
For the period ended Jun 30, 2024. Filed Sep 12, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Sep 12, 2024
RLGT$9.47+3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year Ended June 30, | ||
|---|---|---|
| (In thousands) | 2024 | 2023 |
| OPERATING ACTIVITIES: | ||
| Net income | $8,197 | $21,241 |
| ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES | ||
| Share-based compensation | 2,611 | 2,503 |
| Amortization of intangible assets | 10,461 | 15,290 |
| Depreciation and amortization of property, technology, and equipment | 7,634 | 7,410 |
| Deferred income tax benefit | (2,135) | (3,493) |
| Amortization of debt issuance costs | 484 | 510 |
| Change in fair value of contingent consideration | (450) | (646) |
| Change in fair value of interest rate swap contracts | 1,197 | (383) |
| Other | (305) | 589 |
| CHANGES IN OPERATING ASSETS AND LIABILITIES: | ||
| Accounts receivable | 9,435 | 97,804 |
| Contract assets | (1,454) | 16,122 |
| Income taxes | (3,517) | (3,661) |
| Prepaid expenses, deposits, and other assets | 4,120 | 2,311 |
| Operating lease right-of-use assets | 11,270 | 10,938 |
| Accounts payable | (10,790) | (53,910) |
| Operating partner commissions payable | (5,168) | (371) |
| Accrued expenses and other liabilities | 77 | (2,732) |
| Operating lease liabilities | (10,939) | (9,127) |
| Payments of contingent consideration | (3,473) | (2,500) |
| Net cash provided by operating activities | 17,255 | 97,895 |
| INVESTING ACTIVITIES: | ||
| Payments to acquire businesses | (6,812) | (3,250) |
| Purchases of property, technology, and equipment | (8,595) | (7,565) |
| Proceeds from sale of property, technology, and equipment | 246 | 103 |
| Net cash used for investing activities | (15,161) | (10,712) |
| FINANCING ACTIVITIES: | ||
| Proceeds from revolving credit facility | — | 67,500 |
| Repayments of revolving credit facility | — | (130,025) |
| Payments of debt issuance costs | (119) | (904) |
| Repayments of notes payable and finance lease liabilities | (4,759) | (4,982) |
| Repurchases of common stock | (4,099) | (11,063) |
| Payment of contingent consideration | (250) | — |
| Distributions to non-controlling interest | (591) | (600) |
| Proceeds from exercise of stock options | 7 | 343 |
| Payments of employee tax withholdings related to restricted stock units and stock options | (371) | (476) |
| Net cash used for financing activities | (10,182) | (80,207) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (100) | 1,019 |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | (8,188) | 7,995 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF YEAR | 33,062 | 25,067 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF YEAR | $24,874 | $33,062 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH: | ||
| Cash and cash equivalents | $24,874 | $32,456 |
| Restricted cash | — | 606 |
| Total cash, cash equivalents, and restricted cash | $24,874 | $33,062 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Income taxes paid | $6,979 | $13,637 |
| Interest paid | $506 | $2,887 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.