Business Overview
APPENDIX
Non-GAAP Reconciliation-Adjusted EBITDA¹
Non-GAAP Reconciliation-Free Cash Flow¹
($M)
FY2017
FY2022
FY2023
4Q22
4Q23
($M)
FY2017
FY2022
FY2023
4Q22
4Q23
Net income
$390
$458
$239
$110
$27
Net cash provided by
$461
$856
$680
$278
$194
operating activities
Provision for (benefit from)
(127)
146
68
30
0
Purchases of
income taxes
(389)
(535)
(660)
(214)
(159)
transportation equipment
Interest expense - net
17
7
7
1
3
Purchases of other
(33)
(53)
(42)
(15)
(8)
Depreciation and
property and equipment
279
350
383
92
amortization
32
101
Proceeds from sale of
70
126
129
25
22
Other expense (income) -
property and equipment
(1)
(10)
(17)
2
0
net
Net capital
Litigation and audit
(352)
(462)
(574)
(203)
(145)
assessments
62
expenditures
62
3
.
Free cash flow
$109
$395
$106
$75
$48
Duplicate chassis costs
15
WSL contingent
(14)
consideration adjustment
Non-GAAP Reconciliation-Adjusted Diluted Earnings per Share¹
Acquisition-related costs
0
1
0
Property gain - net
(51)
Amortization of intangible
assets8
Sale of business
Adjusted EBITDA
4Q22
4Q23
Diluted earnings per share
$2.56
$1.34
$0.62
$0.15
3
1
Non-GAAP adjustments, tax
0.08
0.03
0.03
0.01
effected
5
5
Adjusted diluted earnings per
$2.64
$1.37
$0.64
$0.16
share
$561
$967
$685
$240
$133
FY2022
FY2023
1.
Table may not sum due to rounding
29
29
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