Old Dominion Freight Line Inc. (ODFL) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 OLD DOMINION WAY
THOMASVILLE, NC 27360
State of Incorp. VA
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments434236717732404190
Cash and cash equivalents434186463401404190
Short-term investments  49254330  
Receivables615605599454408468
Other undisclosed current assets949368575548
Total current assets:1,1439341,3841,243867706
Noncurrent Assets
Property, plant and equipment4,0953,6873,2162,9142,9692,755
Intangible assets, net (including goodwill)     1919
Goodwill     1919
Other noncurrent assets27421822221214065
Total noncurrent assets:4,3693,9053,4383,1263,1292,839
TOTAL ASSETS:5,5124,8394,8224,3693,9963,545
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities182446402311309303
Employee-related liabilities288258191193198
Accounts payable11310683697079
Accrued liabilities705262524626
Debt2020    
Self insurance reserve636362535453
Other undisclosed current liabilities279  93 
Total current liabilities:545530464373366357
Noncurrent Liabilities
Long-term debt and lease obligation, including:60801001004545
Other undisclosed long-term debt and lease obligation6080100100(11)45
Liabilities, other than long-term debt650576578570400463
Deferred compensation liability, classified     71 
Deferred tax liabilities, net248
Deferred income tax liabilities363311249220 
Other liabilities287265329350242215
Operating lease, liability     56
Self insurance reserve     87 
Other undisclosed noncurrent liabilities     104 
Total noncurrent liabilities:710656678670549508
Total liabilities:1,2551,1861,1421,043915865
Equity
Equity, attributable to parent, including:4,2583,6533,6803,3263,0812,680
Additional paid in capital243245174226222142
Retained earnings4,0043,3973,4943,0882,8502,530
Other undisclosed equity, attributable to parent1111121288
Total equity:4,2583,6533,6803,3263,0812,680
TOTAL LIABILITIES AND EQUITY:5,5124,8394,8224,3693,9963,545

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues5,8666,2605,2564,0154,1094,044
Cost of revenue(3,460)(3,505)(3,236)(2,685)(2,725)(2,690)
Gross profit:2,4072,7552,0211,3301,3841,354
Operating expenses(766)(914)(629)(423)(565)(537)
Operating income:1,6411,8411,392907819817
Nonoperating income (expense)71(3)(6)5(2)
Investment income, nonoperating1351273
Other nonoperating expense(5)(3)(2)(5)(1)(4)
Interest and debt expense(0)(2)(2)(3)(0)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes    300
Income from continuing operations before equity method investments, income taxes:1,6471,8401,387901824816
Other undisclosed income from continuing operations before income taxes022   
Income from continuing operations before income taxes:1,6481,8411,388901824816
Income tax expense(408)(464)(354)(229)(208)(210)
Income from continuing operations:1,2401,3771,034673616606
Income before gain (loss) on sale of properties:1,034673616606
Net income available to common stockholders, diluted:1,2401,3771,034673616606

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:1,2401,3771,034673616606
Comprehensive income, net of tax, attributable to parent:1,2401,3771,034673616606

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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