Schneider National Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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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.
Sep 30, 2024 · Filed Nov 6, 2024
SNDR$29.05+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows (Unaudited)
(in millions)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating Activities: | ||
| Net income | $84.4 | $211.1 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 307.2 | 281.8 |
| Gains on sales of property and equipment—net | (2.8) | (29.2) |
| Proceeds from lease receipts | 46.3 | 57.7 |
| Deferred income taxes | (27.0) | 51.7 |
| Long-term incentive and share-based compensation expense | 9.3 | 13.4 |
| Losses (gains) on investments in equity securities—net | 0.2 | (20.5) |
| Other noncash items—net | 1.7 | 0.8 |
| Changes in operating assets and liabilities: | ||
| Receivables | 71.0 | (5.0) |
| Other assets | (22.7) | (39.9) |
| Claims reserves and receivables—net | 24.3 | 0.4 |
| Payables | (42.7) | (24.5) |
| Other liabilities | 37.4 | (11.7) |
| Net cash provided by operating activities | 486.6 | 486.1 |
| Investing Activities: | ||
| Purchases of transportation equipment | (328.1) | (500.6) |
| Purchases of other property and equipment | (27.8) | (33.9) |
| Proceeds from sale of property and equipment | 81.3 | 106.2 |
| Proceeds from sale of off-lease inventory | 27.5 | 24.1 |
| Purchases of lease equipment | (45.5) | (95.0) |
| Proceeds from government grants | 2.2 | — |
| Proceeds from marketable securities | 7.8 | 5.2 |
| Purchases of marketable securities | (1.9) | (16.2) |
| Investments in equity securities and equity method investment | (0.1) | (17.1) |
| Investments in notes receivable | (2.5) | (10.0) |
| Acquisition of business, net of cash acquired | — | (239.5) |
| Net cash used in investing activities | (287.1) | (776.8) |
| Financing Activities: | ||
| Proceeds under revolving credit agreements | 65.0 | 166.0 |
| Payments under revolving credit agreements | (100.0) | (75.0) |
| Proceeds from long-term debt | — | 50.0 |
| Payments of debt and finance lease obligations | (3.4) | (72.8) |
| Dividends paid | (49.9) | (47.7) |
| Repurchases of common stock | (29.5) | (51.0) |
| Other financing activities | (5.1) | (6.0) |
| Net cash used in financing activities | (122.9) | (36.5) |
| Net increase (decrease) in cash and cash equivalents | 76.6 | (327.2) |
| Cash and Cash Equivalents: | ||
| Beginning of period | 102.4 | 385.7 |
| End of period | $179.0 | $58.5 |
| Additional Cash Flow Information: | ||
|---|---|---|
| Noncash investing and financing activity: | ||
| Transportation and lease equipment purchases in accounts payable | $18.7 | $40.3 |
| Dividends declared but not yet paid | 17.3 | 17.0 |
| Sale of assets in exchange for notes receivable | 1.5 | — |
| Noncash equity method investment | — | 3.3 |
| Cash paid (refunded) during the period for: | ||
| Interest | 12.3 | 7.8 |
| Income taxes—net of refunds | (1.9) | 65.1 |
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