Knight-Swift Transportation (KNX) 8-K Other Events

Exhibit 99.32

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS (UNAUDITED) (a)

FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011

(IN THOUSANDS)

	Year Ended December 31, 2012									Year Ended December 31, 2011
	Swift Transportation Company			Central Refrigerated Transportation, Inc.			Total (recast)			Swift Transportation Company			Central Refrigerated Transportation, Inc.			Total (recast)
Net cash provided by operating activities	$	406,556		$	40,562		$	447,118		$	323,897		$	16,287		$	340,184
Cash flows from investing activities:
Decrease in restricted cash		20,046			—			20,046			12,844			—			12,844
Change in restricted investments		(22,275	)		—			(22,275	)		—			—			—
Funding of note receivable		(7,500	)		—			(7,500	)		—			—			—
Proceeds from sale of property and equipment		118,618			24,066			142,684			67,108			10,363			77,471
Capital expenditures		(293,216	)		(20,926	)		(314,142	)		(239,575	)		(10,320	)		(249,895	)
Payments received on notes receivable		5,948			—			5,948			7,334			—			7,334
Expenditures on assets held for sale		(12,040	)		—			(12,040	)		(8,965	)		—			(8,965	)
Payments received on assets held for sale		12,778			—			12,778			11,018			—			11,018
Payments received on equipment sales receivables		5,642			—			5,642			—			—			—
Other investing activities		(500	)		230			(270	)		—			275			275
Net cash used in investing activities		(172,499	)		3,370			(169,129	)		(150,236	)		318			(149,918	)
Cash flows from financing activities:
Proceeds from issuance of Class A common stock, net		—			—			—			62,994			—			62,994
Repayment of long-term debt and capital leases		(286,601	)		(25,334	)		(311,935	)		(206,692	)		(17,577	)		(224,269	)
Proceeds from long-term debt		10,000			1,304			11,304			—			7,263			7,263
Payment of deferred loan costs		(9,023	)		—			(9,023	)		(3,914	)		—			(3,914	)
Net borrowings (repayments) on revolving line of credit		—			(6,506	)		(6,506	)		—			9,037			9,037
Borrowings under accounts receivable securitization		255,000			—			255,000			263,000			—			263,000
Repayment of accounts receivable securitization		(231,000	)		—			(231,000	)		(254,500	)		—			(254,500	)
Issuance of stockholders’ loan receivable		—			—			—			—			(12,000	)		(12,000	)
Distribution to stockholders’		—			(13,605	)		(13,605	)		—			(4,964	)		(4,964	)
Other financing activities		(921	)		209			(712	)		41			—			41
Net cash used in financing activities		(262,545	)		(43,932	)		(306,477	)		(139,071	)		(18,241	)		(157,312	)
Net (decrease) increase in cash and cash equivalents		(28,488	)		—			(28,488	)		34,590			(1,636	)		32,954
Cash and cash equivalents at beginning of period		82,084			—			82,084			47,494			1,636			49,130
Cash and cash equivalents at end of period	$	53,596		$	—		$	53,596		$	82,084		$	—		$	82,084

(a) On August 6, 2013, Swift Transportation Company (the “Company” or “Swift”) entered into a Stock Purchase Agreement with the shareholders of Central Refrigerated Transportation, Inc. (“Central”), pursuant to which the Company acquired all of the outstanding capital stock of Central (the “Acquisition”) in a cash transaction valued at $225 million. Mr. Jerry Moyes, the Chief Executive Officer and controlling stockholder of Swift, was the majority shareholder of Central. Given Mr. Moyes’ majority ownership in both Swift and Central, the Acquisition is accounted for as a combination of entities under common control similar to the pooling of interest method. Under common control accounting, the historical results of Central have been combined with Swift’s. The above Condensed Consolidating Statement of Cash Flows for the years ended December 31, 2012 and 2011 reflects the combination of the entities as if the Acquisition was effective on January 1, 2011.