P.A.M. Transportation Services Inc. (PTSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 297 WEST HENRI DE TONTI BLVD
TONTITOWN, AR 72770
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 thousands)

12/31/2023
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 investments115,81557,93328,27829,83927,83126,888
Cash and cash equivalents74,08718,509337318282224
Short-term investments41,72839,42427,94129,52127,54926,664
Receivables146,652129,22383,72666,05769,04063,582
Inventory, net of allowances, customer advances and progress billings2,5701,4561,3451,3271,4611,660
Inventory2,5701,4561,3451,3271,4611,660
Prepaid expense15,72910,96210,1728,66910,39310,112
Total current assets:280,766199,574123,521105,892108,725102,242
Noncurrent Assets
Property, plant and equipment463,595384,179450,825387,275354,587286,944
Other noncurrent assets4,8013,6284,2464,8422,7542,999
Total noncurrent assets:468,396387,807455,071392,117357,341289,943
TOTAL ASSETS:749,162587,381578,592498,009466,066392,185
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities83,15061,85972,70357,20743,49937,254
Taxes payable4,364    
Accounts payable48,91743,38146,10216,59720,00219,645
Accrued liabilities34,23314,11426,60140,61023,49717,609
Debt58,81549,54457,77667,63763,90873,641
Other undisclosed current liabilities    1  
Total current liabilities:141,965111,403130,479124,845107,407110,895
Noncurrent Liabilities
Long-term debt and lease obligation205,466172,733228,330174,187157,31598,995
Long-term debt, excluding current maturities205,466172,733228,330174,187157,31598,995
Liabilities, other than long-term debt101,54887,13569,80265,00361,89754,691
Deferred tax liabilities, net61,89754,691
Deferred income tax liabilities101,44586,71568,88363,522
Other liabilities1034209191,481  
Other undisclosed noncurrent liabilities    (1)  
Total noncurrent liabilities:307,014259,868298,132239,189219,212153,686
Total liabilities:448,979371,271428,611364,034326,619264,581
Equity
Equity, attributable to parent, including:300,183216,110149,981133,975139,447127,604
Common stock223234117117116115
Treasury stock, value(4,000)(169,946)(159,118)(156,837)(142,552)(129,183)
Additional paid in capital40,47284,47284,14883,68882,77681,559
Accumulated other comprehensive income      7,444
Retained earnings263,488301,350224,834207,007199,107167,669
Other undisclosed equity, attributable to parent  00(0)  
Total equity:300,183216,110149,981133,975139,447127,604
TOTAL LIABILITIES AND EQUITY:749,162587,381578,592498,009466,066392,185

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues946,862707,120486,825514,177533,261437,838
Revenue, net437,838
Cost of revenue(790,095)(586,930)(441,570)(462,516)(472,872)(298,617)
Cost of goods and services sold(166,005)(102,228)(84,275)(98,420)(93,130)(79,505)
Gross profit:156,767120,19045,25551,66160,389139,221
Operating expenses(32,999)(19,985)(11,332)(39,114)(18,787)(126,541)
Operating income:123,768100,20533,92312,54741,60212,680
Nonoperating income (expense)3,16810,339(1,699)6,222(4,016)5,853
Investment income, nonoperating1,5391,4481,2661,3091,1715,734
Interest and debt expense(7,929)(8,039)(8,815)(8,654)(6,245)(3,902)
Income from continuing operations before income taxes:119,007102,50523,40910,11531,34114,631
Income tax expense (benefit)(28,335)(25,989)(5,582)(2,215)(7,347)24,268
Income from continuing operations:90,67276,51617,8277,90023,99438,899
Income before gain (loss) on sale of properties:76,51617,8277,90023,99438,899
Net income available to common stockholders, diluted:90,67276,51617,8277,90023,99438,899

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:90,67276,51617,8277,90023,99438,899
Comprehensive income:90,67276,51617,8277,90023,99438,899
Other undisclosed comprehensive loss, net of tax, attributable to parent      (32)
Comprehensive income, net of tax, attributable to parent:90,67276,51617,8277,90023,99438,867

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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