Schneider National Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
SNDR$29.05+0.4%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
Consolidated Statements of Cash Flows (Unaudited)
(in millions)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities: | ||
| Net income | $18.5 | $98.0 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 102.8 | 91.8 |
| Gains on sales of property and equipment—net | (1.8) | (12.3) |
| Proceeds from lease receipts | 15.8 | 19.3 |
| Deferred income taxes | (8.3) | 18.7 |
| Long-term incentive and share-based compensation expense | 1.2 | 4.8 |
| (Gains) losses on investments in equity securities—net | 0.1 | (17.6) |
| Other noncash items—net | 0.3 | — |
| Changes in operating assets and liabilities: | ||
| Receivables | 16.3 | 52.5 |
| Other assets | (48.0) | (51.3) |
| Payables | (7.0) | (13.7) |
| Claims reserves and receivables—net | 8.4 | 0.8 |
| Other liabilities | (0.7) | (7.9) |
| Net cash provided by operating activities | 97.6 | 183.1 |
| Investing Activities: | ||
| Purchases of transportation equipment | (123.3) | (143.1) |
| Purchases of other property and equipment | (12.0) | (12.5) |
| Proceeds from sale of property and equipment | 23.4 | 34.7 |
| Proceeds from sale of off-lease inventory | 11.6 | 7.1 |
| Purchases of lease equipment | (1.7) | (20.9) |
| Proceeds from marketable securities | — | 2.0 |
| Purchases of marketable securities | — | (8.8) |
| Investments in equity securities and equity method investment | (0.1) | (5.0) |
| Investment in note receivable | — | (10.0) |
| Net cash used in investing activities | (102.1) | (156.5) |
| Financing Activities: | ||
| Proceeds under revolving credit agreements | 30.0 | — |
| Payments under revolving credit agreements | (25.0) | — |
| Payments of debt and finance lease obligations | (1.1) | (0.8) |
| Dividends paid | (16.5) | (15.7) |
| Repurchases of common stock | (13.0) | — |
| Other financing activities | (5.0) | (6.0) |
| Net cash used in financing activities | (30.6) | (22.5) |
| Net increase (decrease) in cash and cash equivalents | (35.1) | 4.1 |
| Cash and Cash Equivalents: | ||
| Beginning of period | 102.4 | 385.7 |
| End of period | $67.3 | $389.8 |
| Additional Cash Flow Information: | ||
| Noncash investing and financing activity: | ||
| Transportation and lease equipment purchases in accounts payable | $49.0 | $80.1 |
| Dividends declared but not yet paid | 17.1 | 16.8 |
| Sale of assets in exchange for notes receivable | 1.5 | — |
| Cash paid during the period for: | ||
| Interest | 4.8 | 3.2 |
| Income taxes—net of refunds | 0.5 | 1.8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.