Landstar System, Inc. (LSTR) financial statements (2020 and earlier)

Company profile

Business Address 13410 SUTTON PARK DRIVE SOUTH
JACKSONVILLE, FL 32224
State of Incorp. DE
Fiscal Year End December 31
SIC 4213 - Trucking, Except Local (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments35224029124516337215
Cash and cash equivalents320200242179115 180
Short-term investments33404967493735
Receivables589692631463463493379
Other current assets21161410182415
Other undisclosed current assets362424191817974
Total current assets:998971961737663732682
Noncurrent Assets
Property, plant and equipment286284276273226202177
Intangible assets, net (including goodwill)39383931313131
Goodwill39383931313131
Other noncurrent assets105877655787980
Total noncurrent assets:430409391359335312288
TOTAL ASSETS:1,4281,3811,3521,0979981,044971
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities361344378219224265158
Accounts payable272314285219224220158
Employee-related liabilities102930    
Interest and dividends payable79 63  45 
Debt97998481787055
Self insurance reserve45403926202492
Other liabilities51534753485270
Total current liabilities:553536549380370410376
Noncurrent Liabilities
Long-term debt and lease obligation, including:70858393827674
Finance lease, liability70
Capital lease obligations85839382  
Other undisclosed long-term debt and lease obligation     7674
Liabilities, other than long-term debt34303027216967
Other liabilities     4742
Self insurance reserve34303027212224
Other undisclosed noncurrent liabilities504037    
Total noncurrent liabilities:153156150120103146141
Total liabilities:706691699500473556516
Stockholders' equity
Stockholders' equity attributable to parent721687651543466488454
Common stock1111111
Treasury stock, value(1,465)(1,376)(1,168)(1,167)(1,117)(956)(899)
Additional paid in capital226227210199196189180
Accumulated other comprehensive loss(2)(6)(3)(3)(3)(1)(0)
Retained earnings1,9621,8411,6111,5131,3901,2551,173
Stockholders' equity attributable to noncontrolling interest 23    
Total stockholders' equity:721689654543466488454
Other undisclosed liabilities and equity   5459  
TOTAL LIABILITIES AND EQUITY:1,4281,3811,3521,0979981,044971

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4,0854,6153,6463,1683,3213,1852,665
Cost of revenue(3,550)(4,024)(3,165)(2,737)(2,870)(2,755)(2,308)
Gross profit:535592481430451430356
Operating expenses(241)(264)(240)(209)(210)(207)(181)
Other undisclosed operating income5422111
Operating income:299332244223242224177
Interest and debt expense(3)(3)(3)(4)(3)(3)(3)
Income from continuing operations before income taxes:296328241219239221173
Income tax expense(68)(73)(64)(82)(91)(82)(64)
Income from continuing operations:228255177137148139109
Income from discontinued operations      37
Net income:228255177137148139146
Net income attributable to noncontrolling interest000    
Net income available to common stockholders, diluted:228255177137148139146

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:228255177137148139146
Other comprehensive income (loss)   0(2)(1)(1)
Comprehensive income:228255177138145138145
Comprehensive income, net of tax, attributable to noncontrolling interest000    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent4(3)(0)    
Comprehensive income, net of tax, attributable to parent:231253177138145138145

Statements sources

The financial statements are based on the company's filings with the 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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