Heartland Express, Inc. (HTLD) Financial Statements (2023 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 millions)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 49 | 158 | 114 | 77 | 161 | 75 | 129 | ||
| Cash and cash equivalents | 49 | 158 | 114 | 77 | 161 | 75 | 129 | ||
| Receivables | 143 | 57 | 56 | 57 | 49 | 71 | 52 | ||
| Prepaid expense | 11 | 9 | 8 | 9 | 9 | 11 | 8 | ||
| Other current assets | 26 | 9 | 15 | 9 | 13 | 14 | 14 | ||
| Total current assets: | 230 | 233 | 193 | 152 | 233 | 171 | 202 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 21 | ✕ | ✕ | ✕ | |||||
| Property, plant and equipment | 973 | 488 | 539 | 526 | 403 | 443 | 408 | ||
| Intangible assets, net (including goodwill) | 424 | 191 | 193 | 195 | 147 | 149 | 112 | ||
| Goodwill | 321 | 168 | 168 | 168 | 132 | 132 | 100 | ||
| Intangible assets, net (excluding goodwill) | 104 | 22 | 25 | 27 | 14 | 17 | 12 | ||
| Deferred income tax assets | 1 | 8 | 6 | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 20 | 17 | 18 | 19 | 19 | 24 | 12 | ||
| Other undisclosed noncurrent assets | 5 | 2 | 4 | ||||||
| Total noncurrent assets: | 1,440 | 695 | 758 | 747 | 574 | 618 | 536 | ||
| TOTAL ASSETS: | 1,669 | 929 | 951 | 899 | 806 | 789 | 738 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 63 | 21 | 13 | 11 | 11 | 14 | 12 | ||
| Taxes payable | ✕ | 1 | |||||||
| Employee-related liabilities | ✕ | 21 | 22 | 25 | 23 | 27 | 23 | ||
| Accrued liabilities | 31 | 9 | 13 | 11 | |||||
| Other undisclosed accounts payable and accrued liabilities | 32 | (1) | (11) | (14) | (21) | (25) | (22) | ||
| Debt | 14 | ||||||||
| Self insurance reserve | 18 | 16 | 16 | 18 | 22 | 21 | 19 | ||
| Due to related parties | 0 | 0 | |||||||
| Other undisclosed current liabilities | 62 | 35 | 42 | 35 | 32 | 39 | 34 | ||
| Total current liabilities: | 157 | 72 | 71 | 63 | 65 | 75 | 66 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 399 | ||||||||
| Long-term debt, excluding current maturities | 399 | ||||||||
| Liabilities, other than long-term debt | 51 | 40 | 52 | 57 | 126 | 139 | 167 | ||
| Accounts payable and accrued liabilities | 6 | 5 | 6 | 6 | 6 | 8 | 12 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 71 | 65 | 95 | ||
| Operating lease, liability | 9 | ✕ | ✕ | ✕ | |||||
| Self insurance reserve | 35 | 34 | 46 | 51 | 49 | 66 | 60 | ||
| Other undisclosed noncurrent liabilities | 208 | 90 | 104 | 94 | |||||
| Total noncurrent liabilities: | 657 | 130 | 156 | 151 | 126 | 139 | 167 | ||
| Total liabilities: | 814 | 201 | 227 | 214 | 190 | 214 | 232 | ||
| Equity | |||||||||
| Equity, attributable to parent | 855 | 727 | 724 | 685 | 616 | 575 | 506 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (201) | (202) | (172) | (147) | (149) | (124) | (124) | ||
| Additional paid in capital | 4 | 4 | 4 | 4 | 3 | 4 | 3 | ||
| Retained earnings | 1,052 | 924 | 891 | 827 | 760 | 694 | 626 | ||
| Total equity: | 855 | 727 | 724 | 685 | 616 | 575 | 506 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,669 | 929 | 951 | 899 | 806 | 789 | 738 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 968 | 607 | 645 | 597 | 611 | 607 | 613 | |
| Cost of revenue | (808) | (512) | (534) | (504) | (515) | (295) | (286) | |
| Cost of goods and services sold | (292) | (160) | (156) | (163) | (177) | (175) | (162) | |
| Gross profit: | 160 | 95 | 111 | 93 | 96 | 312 | 327 | |
| Operating expenses | 29 | 10 | (18) | 1 | (6) | (249) | (241) | |
| Operating income: | 188 | 105 | 93 | 94 | 90 | 64 | 86 | |
| Nonoperating income (Investment Income, Nonoperating) | 1 | 1 | 1 | 4 | 2 | 1 | 0 | |
| Interest and debt expense | (9) | (1) | (0) | |||||
| Income from continuing operations before income taxes: | 181 | 106 | 94 | 97 | 92 | 64 | 86 | |
| Income tax expense (benefit) | (48) | (27) | (23) | (24) | (19) | 11 | (30) | |
| Income from continuing operations: | 134 | 79 | 71 | 73 | 73 | 75 | 56 | |
| Income before gain (loss) on sale of properties: | ✕ | 79 | 71 | 73 | 73 | 75 | 56 | |
| Net income available to common stockholders, diluted: | 134 | 79 | 71 | 73 | 73 | 75 | 56 | |
Comprehensive Income ($ in millions)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 134 | 79 | 71 | 73 | 73 | 75 | 56 | |
| Comprehensive income, net of tax, attributable to parent: | 134 | 79 | 71 | 73 | 73 | 75 | 56 | |
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.