Landstar System Inc cash flow statement
In fiscal 2025, Landstar System Inc's operations generated $225m of cash; it spent $9.9m on capital projects, leaving free cash flow of $215m. It returned $125m in dividends and $180m through buybacks.
Cash flow statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 145 | 109 | 118 | 126 | 153 | 102 | 216 | 190 | 139 | 298 | 308 | 211 | 277 | 623 | 394 | 287 | 225 | 171 |
| Depreciation and amortisation | 24 | 25 | 24 | 25 | 28 | 28 | 29 | 36 | 41 | 44 | 44 | 46 | 50 | 57 | 58 | 57 | 46 | 41 |
| Stock-based pay | 5 | 5 | 5 | 6 | 5 | 7 | 7 | 3 | 8 | 18 | 4 | 5 | 28 | 12 | 4 | 3 | 6 | 9 |
| Capital spending | 3 | 28 | 4 | 5 | 6 | 11 | 5 | 23 | 16 | 10 | 19 | 31 | 23 | 26 | 26 | 31 | 10 | 14 |
| Free cash flow | 142 | 81 | 114 | 120 | 146 | 91 | 211 | 168 | 123 | 288 | 288 | 180 | 253 | 597 | 368 | 256 | 215 | 158 |
| Free cash flow after stock pay | 137 | 76 | 109 | 114 | 141 | 85 | 204 | 165 | 116 | 270 | 284 | 175 | 226 | 584 | 364 | 252 | 209 | 148 |
| Dividends paid | 9 | 9 | 10 | 34 | — | 28 | 58 | 14 | 16 | 89 | 28 | 110 | 112 | 116 | 117 | 120 | 125 | 124 |
| Share buybacks | 56 | 103 | 50 | 26 | 59 | 56 | 161 | 51 | 0 | 208 | 89 | 116 | 123 | 286 | 54 | 81 | 180 | 102 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 61 | 56 | 7 | 89 | 73 | 78 | −50 | 71 |
| Depreciation and amortisation | 13 | 12 | 12 | 12 | 11 | 11 | 10 | 10 |
| Stock-based pay | −0 | 2 | 2 | 2 | 1 | 2 | 3 | 3 |
| Capital spending | 7 | 2 | 2 | 3 | 2 | 6 | 3 | 3 |
| Free cash flow | 54 | 54 | 5 | 86 | 71 | 72 | −53 | 68 |
| Free cash flow after stock pay | 55 | 52 | 3 | 84 | 70 | 70 | −56 | 65 |
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