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| Central Freight Lines, Inc. |
| 5601 West Waco Drive, Waco, TX 76702-2638 * (254) 772-2120 |
| Business Description | Central Freight Lines, Inc. is a non-union, regional, less-than-truckload motor carrier. As a less-than-truckload, or LTL, carrier, we transport multiple shipments for multiple customers in each trailer. We pick up, transport, and deliver the freight on strict schedules to provide the next day and second day service required by our many time-sensitive customers. |
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Filing Information Not yet | ||||
| To Trade As | CFLI (NASNTL) | Industry | Transportation (SIC 4213) | |
| Type of Stock Offered | Class A Common Shares | Filing Date | 05/06/1999 | |
| Domestic Shares Filed | 5,000,000 | Filing Price | - - | |
| Foreign Shares Filed | 0 | Offering Amount | $75,000,000 | |
| Company Shares | 4,000,000 | Est. Expenses | - - | |
| Selling Shrhldrs Shares | 1,000,000 | Post-IPO Shares | - - | |
| Employees | 4050 | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Schroder Wertheim & Company, Incorporated | Lead Manager | (212) 492-6900 |
| ABN AMRO Bank | Co-manager | |
| BT Alex Brown | Co-manager | (410) 727-1700 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1997 | 12/31/1998 | 03/28/1998 | 03/27/1999 | |||
| Revenues | - | - | - | 111.869 | 259.941 | 57.379 | 64.075 |
| Income from Oper. | - | - | - | 5.685 | 18.500 | 3.924 | 4.640 |
| Net Income | - | - | - | 2.375 | 9.551 | 1.784 | 3.783 |
| E.P.S | - | - | - | 0.210 | 0.870 | 0.160 | 0.340 |
| Revenue Growth (%) | - | - | - | 132.362 | 11.67 | ||
| Net Income Growth (%) | - | - | - | 302.15 | 112.05 | ||
| Oper. Profit Margin (%) | - | - | - | 5.08 | 7.12 | 7.24 | 6.84 |
| Net Profit Margin (%) | - | - | - | 2.12 | 3.67 | 5.90 | 3.11 |
| Cash Flow - Oper. | 26.26 | 1.07 | 5.67 | ||||
| Cash Flow - Inv. | -25.98 | -6.31 | -14.23 | ||||
| Cash Flow - Fin. | -0.24 | 5.31 | 8.95 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/27/1999 | Financial Ratios | ||||
| Total Assets | 133.14 | Current Assets | 36.37 | Current Ratio | 0.92 |
| Total Liab. | 105.88 | Current Liab. | 39.50 | Debt Ratio | 79.53% |
| Total Equity | 27.25 | Working Cap. | -3.14 | Debt to Equity Ratio | 3.89 |
| Cash | 1.21 | Return on Assets | 2.84% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to retire long-term debt, purchase new tractors and trailers and for general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Scudder Law Firm |
| Bank's Law Firm | Akin, Gump, Strauss, Hauer & Feld |
| Registrar/Transfer Agent | UMB Bank N.A. MO |
| Auditor | KPMG LLC |
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