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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments55232236376421541
Cash and cash equivalents55208186217196262
Short-term investments  2549159224279
Receivables569580605654701681
Other undisclosed current assets1078593828758
Total current assets:7318979341,1111,2091,281
Noncurrent Assets
Property, plant and equipment4,0013,8413,6873,4923,3793,225
Other noncurrent assets247219218209206216
Total noncurrent assets:4,2484,0603,9053,7003,5853,442
TOTAL ASSETS:4,9794,9574,8394,8114,7944,723
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities172184446508493432
Employee-related liabilities288294264223
Accounts payable97120106120136118
Accrued liabilities766552949391
Debt2020202020 
Self insurance reserve616263666563
Other undisclosed current liabilities250303 455083
Total current liabilities:503570530639628579
Noncurrent Liabilities
Long-term debt and lease obligation, including:6080808080100
Other undisclosed long-term debt and lease obligation6080808080100
Liabilities, other than long-term debt584561576534530541
Deferred income tax liabilities311311311268249249
Other liabilities273251265266281292
Total noncurrent liabilities:644641656614610641
Total liabilities:1,1471,2111,1861,2531,2381,219
Equity
Equity, attributable to parent, including:3,8323,7463,6533,5583,5563,503
Additional paid in capital239240245241237133
Retained earnings3,5823,4953,3973,3063,3083,359
Other undisclosed equity, attributable to parent111111111111
Total equity:3,8323,7463,6533,5583,5563,503
TOTAL LIABILITIES AND EQUITY:4,9794,9574,8394,8114,7944,723

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,4131,4421,4921,6041,6671,497
Cost of revenue(856)(871)(790)(890)(922)(902)
Gross profit:557571702713745596
Operating expenses(165)(188)(272)(217)(237)(190)
Operating income:392383430496509406
Nonoperating income (expense)012(0)(0)(1)
Investment income, nonoperating233100
Other nonoperating expense(2)(2)(1)(0)(1)(1)
Interest and debt expense(0)(0)(0)(1)(0)(0)
Income from continuing operations before equity method investments, income taxes:392384432495508405
Other undisclosed income from continuing operations before income taxes000100
Income from continuing operations before income taxes:392384432496508405
Income tax expense(100)(99)(108)(119)(132)(105)
Income from continuing operations:292285324377376300
Income before gain (loss) on sale of properties:377376300
Net income available to common stockholders, diluted:292285324377376300

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:292285324377376300
Comprehensive income, net of tax, attributable to parent:292285324377376300

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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