Rush Enterprises, Inc. (RUSHA) Financial Statements (2024 and earlier)

Company Profile

Business Address 555 IH 35 SOUTH
NEW BRAUNFELS, TX 78130
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 55 - Automotive Dealers And Gasoline Service Stations (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 investments192226201220217210
Cash and cash equivalents192226201220217210
Receivables237230221221232187
Inventory, net of allowances, customer advances and progress billings1,6371,4991,4291,3521,2741,111
Inventory1,6371,4991,4291,3521,2741,111
Other undisclosed current assets221917172016
Total current assets:2,0881,9741,8681,8091,7431,524
Noncurrent Assets
Operating lease, right-of-use asset10510010310410666
Property, plant and equipment1,4411,4051,3691,3521,3481,266
Intangible assets, net (including goodwill)417416 416418370
Goodwill417416 416418370
Other noncurrent assets757566625496
Other undisclosed noncurrent assets   416   
Total noncurrent assets:2,0391,9961,9531,9331,9271,798
TOTAL ASSETS:4,1263,9703,8213,7433,6693,322
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities344350335349332316
Accounts payable187200172186176171
Accrued liabilities158149163163157145
Deferred revenue102100116917472
Debt353229282627
Other undisclosed current liabilities1,1401,031948951867714
Total current liabilities:1,6211,5131,4291,4191,3001,129
Noncurrent Liabilities
Long-term debt and lease obligation348363369479576479
Long-term debt, excluding current maturities245262275307402338
Finance lease, liability10210093838286
Liabilities, other than long-term debt271264260168164169
Deferred income tax liabilities155155152148145141
Other liabilities242319192028
Operating lease, liability918689909255
Total noncurrent liabilities:618627629647741648
Total liabilities:2,2392,1402,0582,0672,0401,777
Equity
Equity, attributable to parent1,8681,8111,7441,6571,6111,545
Common stock111111
Treasury stock, value(197)(156)(131)(124)(91)(52)
Additional paid in capital522513501495488482
Accumulated other comprehensive income (loss)(2)(4)(4)(6)01
Retained earnings1,5441,4571,3781,2921,2131,113
Equity, attributable to noncontrolling interest1919191918 
Total equity:1,8871,8301,7631,6761,6291,545
TOTAL LIABILITIES AND EQUITY:4,1263,9703,8213,7433,6693,322

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
Revenues2,0031,9121,8831,8641,7911,563
Cost of revenue(1,589)(1,513)(1,497)(1,483)(1,417)(1,218)
Other undisclosed gross profit   0   
Gross profit:414399386381374345
Operating expenses(271)(271)(250)(254)(239)(238)
Operating income:143128137127135107
Nonoperating income (expense)(0)20(0)814
Interest and debt expense(12)(11)(9)(6) (1)
Income from continuing operations before equity method investments, income taxes:131119128121143120
Other undisclosed income (loss) from continuing operations before income taxes   1 (3) 
Income from continuing operations before income taxes:131119128121140120
Income tax expense(32)(28)(30)(30)(30)(28)
Income from continuing operations:9991989111192
Income before gain (loss) on sale of properties:9111192
Net income:9991989111192
Net income (loss) attributable to noncontrolling interest(0)(0)0(0)(0) 
Net income available to common stockholders, diluted:9890989011092

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:9991989111192
Other comprehensive income      0
Other undisclosed comprehensive income (loss)206(6)(1) 
Comprehensive income:100911058511093
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)0(0)(0) 
Other undisclosed comprehensive loss, net of tax, attributable to parent (0)     
Comprehensive income, net of tax, attributable to parent:100911058510993

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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