Landstar System, Inc. (LSTR) Financial Statements (2024 and earlier)
Company Profile
Business Address |
13410 SUTTON PARK DRIVE SOUTH JACKSONVILLE, FL 32224 |
State of Incorp. | DE |
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)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 394 | 251 | 291 | 352 | 240 | 291 | |||
Cash and cash equivalents | 340 | 216 | 249 | 320 | 200 | 242 | |||
Short-term investments | 54 | 36 | 41 | 33 | 40 | 49 | |||
Receivables | 968 | 1,154 | 764 | 589 | 692 | 631 | |||
Other current assets | 22 | 16 | 19 | 21 | 16 | 14 | |||
Other undisclosed current assets | 56 | 101 | 135 | 36 | 24 | 24 | |||
Total current assets: | 1,439 | 1,523 | 1,208 | 998 | 971 | 961 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 315 | 317 | 297 | 286 | 284 | 276 | |||
Intangible assets, net (including goodwill) | 41 | 41 | 41 | 39 | 38 | 39 | |||
Goodwill | 41 | 41 | 41 | 39 | 38 | 39 | |||
Other noncurrent assets | 136 | 164 | 108 | 105 | 87 | 76 | |||
Total noncurrent assets: | 492 | 523 | 446 | 430 | 409 | 391 | |||
TOTAL ASSETS: | 1,932 | 2,045 | 1,654 | 1,428 | 1,381 | 1,352 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 599 | 680 | 457 | 361 | 344 | 378 | |||
Interest and dividends payable | ✕ | ✕ | 75 | 77 | 79 | 63 | |||
Employee-related liabilities | ✕ | ✕ | 10 | 29 | 30 | ||||
Accounts payable | 527 | 604 | 381 | 272 | 314 | 285 | |||
Accrued liabilities | 72 | ||||||||
Debt | 129 | 153 | 110 | 97 | 99 | 84 | |||
Self insurance reserve | 51 | 47 | 150 | 45 | 40 | 39 | |||
Other liabilities | 99 | 131 | 89 | 51 | 53 | 47 | |||
Total current liabilities: | 878 | 1,010 | 806 | 553 | 536 | 549 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 67 | 75 | 65 | 70 | 85 | 83 | |||
Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 85 | 83 | ||
Finance lease, liability | 67 | 75 | 65 | 70 | ✕ | ✕ | |||
Liabilities, other than long-term debt | 60 | 50 | 39 | 34 | 30 | 30 | |||
Operating lease, liability | 1 | ✕ | ✕ | ||||||
Self insurance reserve | 58 | 50 | 39 | 34 | 30 | 30 | |||
Other undisclosed noncurrent liabilities | 40 | 49 | 52 | 50 | 40 | 37 | |||
Total noncurrent liabilities: | 167 | 173 | 156 | 153 | 156 | 150 | |||
Total liabilities: | 1,045 | 1,183 | 962 | 706 | 691 | 699 | |||
Equity | |||||||||
Equity, attributable to parent | 887 | 862 | 692 | 721 | 687 | 651 | |||
Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
Treasury stock, value | (1,993) | (1,706) | (1,582) | (1,465) | (1,376) | (1,168) | |||
Additional paid in capital | 258 | 255 | 229 | 226 | 227 | 210 | |||
Accumulated other comprehensive loss | (15) | (5) | (2) | (2) | (6) | (3) | |||
Retained earnings | 2,636 | 2,317 | 2,046 | 1,962 | 1,841 | 1,611 | |||
Equity, attributable to noncontrolling interest | 2 | 3 | |||||||
Total equity: | 887 | 862 | 692 | 721 | 689 | 654 | |||
TOTAL LIABILITIES AND EQUITY: | 1,932 | 2,045 | 1,654 | 1,428 | 1,381 | 1,352 |
Income Statement (P&L) ($ in millions)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Revenues | 7,437 | 6,538 | 4,133 | 4,085 | 4,615 | 3,646 | ||
Cost of revenue | (6,545) | (5,727) | (3,637) | (3,550) | (4,024) | (3,165) | ||
Gross profit: | 892 | 810 | 496 | 535 | 592 | 481 | ||
Operating expenses | (324) | (307) | (247) | (241) | (264) | (240) | ||
Other undisclosed operating income | 3 | 3 | 3 | 5 | 4 | 2 | ||
Operating income: | 571 | 506 | 253 | 299 | 332 | 244 | ||
Interest and debt expense | (4) | (4) | (4) | (3) | (3) | (3) | ||
Income from continuing operations before equity method investments, income taxes: | 567 | 502 | 249 | 296 | 328 | 241 | ||
Other undisclosed income from continuing operations before income taxes | ||||||||
Income from continuing operations before income taxes: | 567 | 502 | 249 | 296 | 328 | 241 | ||
Income tax expense | (137) | (120) | (57) | (68) | (73) | (64) | ||
Income from continuing operations: | 431 | 382 | 192 | 228 | 255 | 177 | ||
Income before gain (loss) on sale of properties: | ✕ | ✕ | 382 | 192 | 228 | 255 | 177 | |
Net income: | 431 | 382 | 192 | 228 | 255 | 177 | ||
Net income attributable to noncontrolling interest | 0 | 0 | 0 | |||||
Net income available to common stockholders, diluted: | 431 | 382 | 192 | 228 | 255 | 177 |
Comprehensive Income ($ in millions)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Net income: | 431 | 382 | 192 | 228 | 255 | 177 | ||
Other comprehensive income (loss) | (10) | (3) | 0 | |||||
Comprehensive income: | 421 | 378 | 192 | 228 | 255 | 177 | ||
Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | 0 | 0 | |||||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 4 | (3) | (0) | |||||
Comprehensive income, net of tax, attributable to parent: | 421 | 378 | 192 | 231 | 253 | 177 |
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.