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Landstar System Inc. (LSTR) Financial Statements (2026 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)
| 3/31/2026 MRQ | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 452 | 567 | 541 | 394 | 251 | 291 | |||
| Cash and cash equivalent | 397 | 515 | 481 | 340 | 216 | 249 | |||
| Short-term investments | 56 | 52 | 60 | 54 | 36 | 41 | |||
| Receivables | 670 | 684 | 744 | 968 | 1,154 | 764 | |||
| Disposal group, including discontinued operation | 12 | ||||||||
| Other current assets | 29 | 22 | 25 | 22 | 16 | 19 | |||
| Other undisclosed current assets | 53 | 47 | 43 | 56 | 101 | 135 | |||
| Total current assets: | 1,216 | 1,320 | 1,353 | 1,439 | 1,523 | 1,208 | |||
| Noncurrent Assets | |||||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 261 | 311 | 284 | 315 | 317 | 297 | |||
| Intangible asset, including goodwill, after accumulated amortization | 34 | 41 | 42 | 41 | 41 | 41 | |||
| Goodwill | 34 | 41 | 42 | 41 | 41 | 41 | |||
| Other noncurrent assets | 124 | 141 | 123 | 136 | 164 | 108 | |||
| Total noncurrent assets: | 420 | 493 | 449 | 492 | 523 | 446 | |||
| TOTAL ASSETS: | 1,636 | 1,813 | 1,802 | 1,932 | 2,045 | 1,654 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 438 | 454 | 467 | 599 | 680 | 457 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | ✕ | 75 | 77 | ||
| Accounts payable | 370 | 384 | 396 | 527 | 604 | 381 | |||
| Accrued liabilities | 68 | 71 | 71 | 72 | |||||
| Debt | 85 | 94 | 89 | 129 | 153 | 110 | |||
| Self insurance reserve | 87 | 41 | 42 | 51 | 47 | 150 | |||
| Other liabilities | 79 | 84 | 77 | 99 | 131 | 89 | |||
| Other undisclosed current liabilities | 7 | ||||||||
| Total current liabilities: | 696 | 673 | 675 | 878 | 1,010 | 806 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 48 | 69 | 43 | 67 | 75 | 65 | |||
| Finance lease, liability | 48 | 69 | 43 | 67 | 75 | 65 | |||
| Liabilities, other than long-term debt | 63 | 63 | 60 | 60 | 50 | 39 | |||
| Operating lease, liability | 0 | 1 | 1 | 1 | |||||
| Self insurance reserve | 63 | 63 | 59 | 58 | 50 | 39 | |||
| Other undisclosed noncurrent liabilities | 33 | 35 | 40 | 40 | 49 | 52 | |||
| Total noncurrent liabilities: | 144 | 168 | 143 | 167 | 173 | 156 | |||
| Total liabilities: | 840 | 841 | 818 | 1,045 | 1,183 | 962 | |||
| Equity | |||||||||
| Equity, attributable to parent | 796 | 972 | 984 | 887 | 862 | 692 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (2,313) | (2,131) | (2,048) | (1,993) | (1,706) | (1,582) | |||
| Additional paid in capital | 261 | 255 | 255 | 258 | 255 | 229 | |||
| Accumulated other comprehensive loss | (6) | (12) | (7) | (15) | (5) | (2) | |||
| Retained earnings | 2,853 | 2,860 | 2,784 | 2,636 | 2,317 | 2,046 | |||
| Total equity: | 796 | 972 | 984 | 887 | 862 | 692 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,636 | 1,813 | 1,802 | 1,932 | 2,045 | 1,654 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2026 TTM | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,744 | 4,819 | 5,303 | 7,437 | 6,538 | 4,133 | ||
| Cost of revenue | (4,235) | (4,252) | (4,645) | (6,545) | (5,727) | (3,637) | ||
| Gross profit: | 509 | 567 | 658 | 892 | 810 | 496 | ||
| Operating expenses | (371) | (333) | (324) | (324) | (307) | (247) | ||
| Other undisclosed operating income | 14 | 15 | 10 | 3 | 3 | 3 | ||
| Operating income: | 152 | 249 | 344 | 571 | 506 | 253 | ||
| Interest and debt expense | (4) | (3) | (3) | (4) | (4) | (4) | ||
| Income from continuing operations before equity method investments, income taxes: | 147 | 246 | 342 | 567 | 502 | 249 | ||
| Other undisclosed income from continuing operations before income taxes | 3 | 8 | 7 | |||||
| Income from continuing operations before income taxes: | 151 | 254 | 348 | 567 | 502 | 249 | ||
| Income tax expense | (36) | (58) | (84) | (137) | (120) | (57) | ||
| Income from continuing operations: | 115 | 196 | 264 | 431 | 382 | 192 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | 382 | 192 | |
| Net income available to common stockholders, diluted: | 115 | 196 | 264 | 431 | 382 | 192 | ||
Comprehensive Income ($ in millions)
| 3/31/2026 TTM | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 115 | 196 | 264 | 431 | 382 | 192 | ||
| Other comprehensive income (loss) | 6 | (5) | 8 | (10) | (3) | 0 | ||
| Comprehensive income: | 121 | 191 | 273 | 421 | 378 | 192 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive income, net of tax, attributable to parent: | 121 | 191 | 273 | 421 | 378 | 192 | ||
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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