Knight-Swift Transportation Holdings Inc. (KNX) Financial Statements (2024 and earlier)

Company Profile

Business Address 2200 SOUTH 75TH AVENUE
PHOENIX, AZ 85043
State of Incorp.
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)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1982611751688277
Cash and cash equivalents1972611571608277
Short-term investments 2 199  
Restricted cash and investments1868739414774
Receivables909912584540628634
Prepaid expense1089172626759
Disposal group, including discontinued operation41830424025
Other current assets3826212830 
Other undisclosed current assets1329291355
Total current assets:1,4941,414923890907923
Noncurrent Assets
Operating lease, right-of-use asset192148113169
Property, plant and equipment3,8353,5552,9932,8512,6132,384
Long-term investments and receivables      11
Accounts and financing receivable, after allowance for credit loss      11
Intangible assets, net (including goodwill)5,2965,3464,3124,2984,3404,329
Goodwill3,5193,5152,9232,9192,9192,888
Intangible assets, net (excluding goodwill)1,7771,8311,3891,3791,4211,441
Other noncurrent assets135192126735236
Total noncurrent assets:9,4589,2417,5457,3927,0056,760
TOTAL ASSETS:10,95210,6568,4688,2827,9127,683
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities302500305345338365
Interest and dividends payable    0
Employee-related liabilities146115716858
Accounts payable22122510199118120
Accrued liabilities8212989175152186
Debt71262533785949
Due to related parties000   
Other undisclosed current liabilities520313482270218196
Total current liabilities:8941,075840993615610
Noncurrent Liabilities
Long-term debt and lease obligation1,4121,661717433436492
Long-term debt, excluding current maturities1,0681,298509279365365
Capital lease obligations71127
Finance lease, liability34425613857
Liabilities, other than long-term debt1,2731,0981,039983225233
Accounts payable and accrued liabilities202211175197201206
Deferred income tax liabilities908875816772
Liability, pension and other postretirement and postemployment benefits11    
Other liabilities121248142326
Operating lease, liability1501087096
Other undisclosed noncurrent liabilities418278 2051,1741,109
Total noncurrent liabilities:3,1023,0371,7561,6201,8351,834
Total liabilities:3,9964,1122,5962,6132,4492,443
Equity
Equity, attributable to parent, including:6,9456,5335,8705,6665,4615,238
Additional paid in capital4,3924,3514,3014,2694,2424,219
Accumulated other comprehensive loss(2)(1)    
Retained earnings2,5542,1811,5671,3951,2171,017
Other undisclosed equity, attributable to parent222222
Equity, attributable to noncontrolling interest10102223
Total equity:6,9556,5435,8725,6685,4635,240
TOTAL LIABILITIES AND EQUITY:10,95210,6568,4688,2827,9127,683

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues7,4295,9984,6744,8445,3442,425
Revenue, net2,425
Cost of revenue(5,628)(4,429)(4,097)(88)(215)(41)
Cost of goods and services sold(1,886)(920)(697)(88)(215)(41)
Gross profit:1,8001,5695774,7555,1292,385
Operating expenses(708)(604)(12)(4,417)(4,775)(2,225)
Other undisclosed operating income    8821541
Operating income:1,092966564427569201
Nonoperating income (expense)(71)9(4)(13)(17)(7)
Investment income, nonoperating512431
Other nonoperating income (expense)(26)291112101
Interest and debt expense(51)(21)(17)(29)(30)(9)
Other undisclosed income from continuing operations before equity method investments, income taxes   1729309
Income from continuing operations before equity method investments, income taxes:970953560414552194
Other undisclosed income from continuing operations before income taxes5121    
Income from continuing operations before income taxes:1,021975560414552194
Income tax expense (benefit)(249)(231)(150)(104)(131)292
Income from continuing operations:771744411310421485
Income before gain (loss) on sale of properties:744411310421485
Net income:771744411310421485
Net income (loss) attributable to noncontrolling interest0(0)(1)(1)(1)(1)
Net income available to common stockholders, diluted:771743410309419484

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:771744411310421485
Other comprehensive income (loss)(2)(1)    
Comprehensive income:769743411310421485
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)(1)(1)(1)(1)
Other undisclosed comprehensive income, net of tax, attributable to parent     11
Comprehensive income, net of tax, attributable to parent:769743410309421485

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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