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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments394251291352240291
Cash and cash equivalents340216249320200242
Short-term investments543641334049
Receivables9681,154764589692631
Other current assets221619211614
Other undisclosed current assets56101135362424
Total current assets:1,4391,5231,208998971961
Noncurrent Assets
Property, plant and equipment315317297286284276
Intangible assets, net (including goodwill)414141393839
Goodwill414141393839
Other noncurrent assets1361641081058776
Total noncurrent assets:492523446430409391
TOTAL ASSETS:1,9322,0451,6541,4281,3811,352
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities599680457361344378
Interest and dividends payable757779 63
Employee-related liabilities  102930
Accounts payable527604381272314285
Accrued liabilities 72     
Debt129153110979984
Self insurance reserve5147150454039
Other liabilities9913189515347
Total current liabilities:8781,010806553536549
Noncurrent Liabilities
Long-term debt and lease obligation677565708583
Capital lease obligations8583
Finance lease, liability67756570
Liabilities, other than long-term debt605039343030
Operating lease, liability1   
Self insurance reserve585039343030
Other undisclosed noncurrent liabilities404952504037
Total noncurrent liabilities:167173156153156150
Total liabilities:1,0451,183962706691699
Equity
Equity, attributable to parent887862692721687651
Common stock111111
Treasury stock, value(1,993)(1,706)(1,582)(1,465)(1,376)(1,168)
Additional paid in capital258255229226227210
Accumulated other comprehensive loss(15)(5)(2)(2)(6)(3)
Retained earnings2,6362,3172,0461,9621,8411,611
Equity, attributable to noncontrolling interest     23
Total equity:887862692721689654
TOTAL LIABILITIES AND EQUITY:1,9322,0451,6541,4281,3811,352

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
Revenues7,4376,5384,1334,0854,6153,646
Cost of revenue(6,545)(5,727)(3,637)(3,550)(4,024)(3,165)
Gross profit:892810496535592481
Operating expenses(324)(307)(247)(241)(264)(240)
Other undisclosed operating income333542
Operating income:571506253299332244
Interest and debt expense(4)(4)(4)(3)(3)(3)
Income from continuing operations before equity method investments, income taxes:567502249296328241
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:567502249296328241
Income tax expense(137)(120)(57)(68)(73)(64)
Income from continuing operations:431382192228255177
Income before gain (loss) on sale of properties:382192228255177
Net income:431382192228255177
Net income attributable to noncontrolling interest    000
Net income available to common stockholders, diluted:431382192228255177

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:431382192228255177
Other comprehensive income (loss)(10)(3)0   
Comprehensive income:421378192228255177
Comprehensive income, net of tax, attributable to noncontrolling interest    000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   4(3)(0)
Comprehensive income, net of tax, attributable to parent:421378192231253177

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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