Quality Distribution Inc (QLTY) Financial Statements (2024 and earlier)

Company Profile

Business Address 4041 PARK OAKS BOULEVARD
TAMPA, FL 33610
State of Incorp. FL
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)

6/30/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,3581,9572,704
Cash and cash equivalents 1,3581,9572,704
Receivables 150,136120,932113,906
Prepaid expense 14,11813,401
Other current assets 10,3749,919
Prepaid expense and other current assets24,345
Other undisclosed current assets 15,98720,70916,609
Total current assets: 191,973166,918157,564
Noncurrent Assets
Property, plant and equipment 156,249170,114190,342
Intangible assets, net (including goodwill) 50,28449,104141,948
Goodwill 34,89632,955104,294
Intangible assets, net (excluding goodwill) 15,38816,14937,654
Disposal group, including discontinued operation, noncurrent assets 2,040
Other noncurrent assets 8,2958,583
Prepaid expense and other noncurrent assets12,036
Assets held-for-sale, long lived1,129 
Deferred tax assets, net 18,94231,40111,713
Total noncurrent assets: 235,810260,331356,039
TOTAL ASSETS: 427,783427,249513,603
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 57,54442,11449,046
Interest and dividends payable 3,512  
Taxes payable 1,0711,2861,191
Employee-related liabilities 7,389  
Accounts payable 12,95510,2489,966
Accrued liabilities 32,61730,58037,889
Debt 7,73312,2809,831
Accrued environmental loss contingencies 4,3893,8182,739
Other undisclosed current liabilities 7,28919,94418,378
Total current liabilities: 76,95578,15679,994
Noncurrent Liabilities
Long-term debt and lease obligation 348,262372,725410,975
Long-term debt, excluding current maturities 348,080369,730408,850
Capital lease obligations 1822,9952,125
Liabilities, other than long-term debt 56,67656,51166,557
Deferred tax liabilities, net 32,90934,63934,977
Accrued environmental loss contingencies 3,8304,4796,302
Other liabilities 19,93717,39325,278
Other undisclosed noncurrent liabilities (22,416)(23,892)(25,483)
Total noncurrent liabilities: 382,522405,344452,049
Total liabilities: 459,477483,500532,043
Equity
Equity, attributable to parent, including: (31,694)(56,251)(18,440)
Common stock 450,625441,877437,192
Treasury stock, value (11,860)(10,557)(5,849)
Accumulated other comprehensive loss (31,005)(27,477)(31,752)
Accumulated deficit (249,865)(270,505)(228,467)
Warrants and rights outstanding   25
Other undisclosed equity, attributable to parent (189,589)(189,589)(189,589)
Total equity: (31,694)(56,251)(18,440)
TOTAL LIABILITIES AND EQUITY: 427,783427,249513,603

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

6/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues 991,758929,810842,118
Revenue, net 876,062842,186755,656
Cost of revenue
(Cost of Goods and Services Sold)
 (796,262)(727,392)(656,848)
Gross profit: 195,496202,418185,270
Operating expenses (940,528)(972,574)(792,975)
Other operating income, net  2,450988
Other undisclosed operating income 796,262724,942655,860
Operating income (loss): 51,230(42,764)49,143
Nonoperating income 3,8856,7352,864
Other nonoperating income 1447,2562,864
Interest and debt expense (26,596)(521) 
Other undisclosed loss from continuing operations before equity method investments, income taxes   (29,258)
Income (loss) from continuing operations before equity method investments, income taxes: 28,519(36,550)22,749
Other undisclosed loss from continuing operations before income taxes (1,470)(29,771) 
Income (loss) from continuing operations before income taxes: 27,049(66,321)22,749
Income tax expense (benefit) (6,409)24,28327,327
Income (loss) from continuing operations: 20,640(42,038)50,076
Income (loss) before gain (loss) on sale of properties: 20,640(42,038)50,076
Net income (loss) available to common stockholders, diluted: 20,640(42,038)50,076

Comprehensive Income ($ in thousands)

6/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net income (loss): 20,640(42,038)50,076
Comprehensive income (loss): 20,640(42,038)50,076
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (3,528)4,275(371)
Comprehensive income (loss), net of tax, attributable to parent: 17,112(37,763)49,705

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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