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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46,25055,50649,46264,824171,879187,085
Cash and cash equivalents46,25055,50649,46264,824171,879187,085
Receivables122,398126,170142,958163,05295,71261,583
Prepaid expense11,44010,86211,29310,1038,57010,043
Other current assets18,67719,77426,06928,17719,9559,776
Total current assets:198,765212,312229,782266,156296,116268,487
Noncurrent Assets
Operating lease, right-of-use asset14,48217,57720,95424,35628,796 
Property, plant and equipment927,124938,406973,258968,044510,807471,979
Intangible assets, net (including goodwill)421,775423,085424,376420,100258,030190,053
Goodwill320,675320,675320,675316,799208,800168,295
Intangible assets, net (excluding goodwill)101,100102,410103,701103,30149,23021,758
Deferred income tax assets1,5631,4881,2241,987  
Other noncurrent assets32,95619,64219,89420,94319,45416,594
Total noncurrent assets:1,397,9001,400,1981,439,7061,435,430817,087678,626
TOTAL ASSETS:1,596,6651,612,5101,669,4881,701,5861,113,203947,113
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:61,04747,49262,71259,44928,80420,278
Taxes payable3,24613,3353,452
Employee-related liabilities32,06427,77824,171
Accrued liabilities30,26341,15730,972   
Other undisclosed accounts payable and accrued liabilities30,7846,33531,74024,139(12,309)(7,345)
Debt23,27724,63113,94627,6739,848 
Self insurance reserve17,41317,63518,49016,02815,85915,248
Other undisclosed current liabilities46,20856,80661,60956,66871,84142,017
Total current liabilities:147,945146,564156,757159,818126,35277,543
Noncurrent Liabilities
Long-term debt and lease obligation352,315370,085399,062481,32450,300 
Long-term debt, excluding current maturities336,177352,645399,062447,3748,623 
Finance lease, liability16,13817,440 22,33327,199 
Liabilities, other than long-term debt45,19147,56150,67642,86841,38738,815
Accounts payable and accrued liabilities6,1836,5696,4666,4036,4615,313
Operating lease, liability5,0466,6928,95311,61714,478 
Self insurance reserve33,96234,30035,25736,46534,92633,502
Other undisclosed noncurrent liabilities178,277181,681207,516176,68777,26288,227
Total noncurrent liabilities:575,783599,327657,254700,879168,949127,042
Total liabilities:723,728745,891814,011860,697295,301204,585
Equity
Equity, attributable to parent872,937866,619855,477840,889817,902742,528
Common stock907907907907907907
Treasury stock, value(200,731)(201,157)(201,236)(202,056)(202,094)(202,155)
Additional paid in capital3,8984,1974,1654,3054,1914,205
Retained earnings1,068,8631,062,6721,051,6411,037,7331,014,898939,571
Total equity:872,937866,619855,477840,889817,902742,528
TOTAL LIABILITIES AND EQUITY:1,596,6651,612,5101,669,4881,701,5861,113,203947,113

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues306,169330,916354,923273,976187,821151,275
Cost of revenue(281,914)(299,634)(288,428)(233,797)(158,412)(127,788)
Cost of goods and services sold(68,436)(76,949)(128,664)(70,425)(52,863)(39,564)
Gross profit:24,25531,28266,49540,17929,40923,487
Operating expenses(8,025)(8,392)(40,329)(5,437)75,646(1,092)
Operating income (loss):16,23022,89026,16634,742105,05522,395
Nonoperating income
(Investment Income, Nonoperating)
592484345537260146
Interest and debt expense(6,111)(6,075)(6,035)(2,345)(174) 
Income (loss) from continuing operations before income taxes:10,71117,29920,47632,934105,14122,541
Income tax expense (benefit)(2,940)(4,687)(4,987)(8,519)(28,235)(5,766)
Income (loss) from continuing operations:7,77112,61215,48924,41576,90616,775
Income before gain (loss) on sale of properties:24,41576,90616,775
Net income (loss) available to common stockholders, diluted:7,77112,61215,48924,41576,90616,775

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):7,77112,61215,48924,41576,90616,775
Comprehensive income (loss), net of tax, attributable to parent:7,77112,61215,48924,41576,90616,775

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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