Heartland Express Inc. (HTLD) Financial Statements (2024 and earlier)

Company Profile

Business Address 901 HEARTLAND WAY
NORTH LIBERTY, IA 52317
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 4213 - Trucking, Except Local (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,12349,462157,742113,85276,684161,448
Cash and cash equivalents28,12349,462157,742113,85276,684161,448
Receivables112,897142,95856,90755,57757,07649,125
Prepaid expense10,65011,2939,1688,2419,1079,378
Other current assets17,60226,0699,40615,3428,94712,551
Total current assets:169,272229,782233,223193,012151,814232,502
Noncurrent Assets
Operating lease, right-of-use asset17,44220,954   
Property, plant and equipment885,351973,258487,915539,280526,287403,120
Intangible assets, net (including goodwill)421,134424,376190,650193,041195,431146,904
Goodwill322,597320,675168,295168,295168,295132,410
Intangible assets, net (excluding goodwill)98,537103,70122,35524,74627,13614,494
Deferred income tax assets1,4941,224 8,1646,006
Other noncurrent assets14,95319,89416,75417,67919,39319,152
Other undisclosed noncurrent assets      4,535
Total noncurrent assets:1,340,3741,439,706695,319758,164747,117573,711
TOTAL ASSETS:1,509,6461,669,488928,542951,176898,931806,213
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:37,77762,71220,53812,75111,06010,552
Taxes payable 1,475  
Employee-related liabilities21,41122,42224,71222,558
Accrued liabilities28,49230,972   9,449
Other undisclosed accounts payable and accrued liabilities9,28531,740(873)(11,146)(13,652)(21,455)
Debt9,30313,946    
Self insurance reserve21,50718,49015,67715,83717,58422,130
Other undisclosed current liabilities54,88961,60935,37942,45434,76332,007
Total current liabilities:123,476156,75771,59471,04263,40764,689
Noncurrent Liabilities
Long-term debt and lease obligation290,696399,062    
Long-term debt, excluding current maturities290,696399,062    
Finance lease, liability     
Liabilities, other than long-term debt41,09350,67639,87551,79657,167125,552
Accounts payable and accrued liabilities6,2706,4665,4915,8015,9565,577
Deferred tax liabilities, net71,041
Operating lease, liability8,1838,953   
Self insurance reserve26,64035,25734,38445,99551,21148,934
Other undisclosed noncurrent liabilities189,121207,51689,971104,00493,698 
Total noncurrent liabilities:520,910657,254129,846155,800150,865125,552
Total liabilities:644,386814,011201,440226,842214,272190,241
Equity
Equity, attributable to parent865,260855,477727,102724,334684,659615,972
Common stock907907907907907907
Treasury stock, value(200,268)(201,236)(202,321)(171,873)(147,055)(148,651)
Additional paid in capital4,5274,1654,1414,3304,1413,454
Retained earnings1,060,0941,051,641924,375890,970826,666760,262
Total equity:865,260855,477727,102724,334684,659615,972
TOTAL LIABILITIES AND EQUITY:1,509,6461,669,488928,542951,176898,931806,213

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,207,458967,996607,284645,262596,815610,803
Cost of revenue(1,118,822)(808,192)(512,165)(533,983)(503,935)(514,634)
Cost of goods and services sold(353,176)(291,518)(159,987)(156,213)(162,765)(177,382)
Gross profit:88,636159,80495,119111,27992,88096,169
Operating expenses(46,251)28,55410,288(17,860)1,395(6,382)
Operating income:42,385188,358105,40793,41994,27589,787
Nonoperating income
(Investment Income, Nonoperating)
1,6551,2886408423,9552,130
Interest and debt expense(24,187)(8,555)  (1,052) 
Income (loss) from continuing operations before income taxes:19,853181,091106,04794,26197,17891,917
Income tax expense (benefit)(5,078)(47,507)(26,770)(23,455)(24,211)(19,240)
Income (loss) from continuing operations:14,775133,58479,27770,80672,96772,677
Income before gain (loss) on sale of properties:79,27770,80672,96772,677
Net income (loss) available to common stockholders, diluted:14,775133,58479,27770,80672,96772,677

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):14,775133,58479,27770,80672,96772,677
Comprehensive income (loss), net of tax, attributable to parent:14,775133,58479,27770,80672,96772,677

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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