USA Truck, Inc. (USAK) Financial Statements (2024 and earlier)

Company Profile

Business Address 3200 INDUSTRIAL PARK ROAD
VAN BUREN, AR 72956
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)

6/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   9798971122
Cash and cash equivalents   9798971122
Restricted cash and investments 1,352325    
Receivables 100,16663,98449,85356,00355,13855,127
Inventory, net of allowances, customer advances and progress billings 1,387975769722458413
Inventory 1,387975769722458413
Contract with customer, asset, after allowance for credit loss 1,6001,1009001,100
Disposal group, including discontinued operation  2,6352,5422,6111124,661
Other undisclosed current assets 8,50310,52212,36311,2288,81213,173
Total current assets: 113,00879,54166,52472,65364,59173,496
Noncurrent Assets
Operating lease, right-of-use asset 22,89828,15411,775
Property, plant and equipment 206,947219,155248,669225,385187,816220,283
Intangible assets, net (including goodwill) 19,04620,33621,68422,763  
Goodwill 5,2315,2315,2314,926  
Intangible assets, net (excluding goodwill) 13,81515,10516,45317,837  
Other noncurrent assets 2,1363,0462,0581,0031,4481,189
Total noncurrent assets: 251,027270,691284,186249,151189,264221,472
TOTAL ASSETS: 364,035350,232350,710321,804253,855294,968
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 46,38437,84335,93931,43033,44026,312
Accounts payable 36,37827,04529,42122,45324,33218,779
Accrued liabilities 10,00610,7986,5188,9779,1087,533
Debt 25,16418,44642,99421,72717,04420,685
Self insurance reserve 8,9739,84612,46615,85213,55210,665
Other undisclosed current liabilities 6,6796,838    
Total current liabilities: 87,20072,97391,39969,00964,03657,662
Noncurrent Liabilities
Long-term debt and lease obligation 136,273157,524147,558138,76090,441131,733
Long-term debt, excluding current maturities 63,35581,35283,34985,30061,22596,600
Capital lease obligations53,46029,21635,133
Finance lease, liability 56,27454,48258,397
Liabilities, other than long-term debt 29,13735,03433,54233,56532,89047,110
Deferred revenue and credits480652
Accounts payable and accrued liabilities 3424,817    
Deferred gain on sale of property   8084
Deferred tax liabilities, net23,51821,13637,900
Deferred income tax liabilities 21,91423,41424,017
Operating lease, liability 16,64421,6905,812
Self insurance reserve 6,8816,8039,4459,96311,2748,558
Total noncurrent liabilities: 165,410192,558181,100172,325123,331178,843
Total liabilities: 252,610265,531272,499241,334187,367236,505
Equity
Equity, attributable to parent 111,42584,70178,21180,47066,48858,463
Common stock 123120120120121122
Treasury stock, value (55,733)(54,626)(58,916)(63,747)(67,760)(67,872)
Additional paid in capital 63,75260,69263,23866,43368,66768,041
Retained earnings 103,28378,51573,76977,66465,46058,172
Total equity: 111,42584,70178,21180,47066,48858,463
TOTAL LIABILITIES AND EQUITY: 364,035350,232350,710321,804253,855294,968

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

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 710,387551,138522,631534,060446,533429,099
Cost of revenue (620,488)(479,813)(465,593)(470,796)(283,448)(265,773)
Cost of goods and services sold (65,952)(56,451)(73,601)(85,061)(242,274)(221,239)
Gross profit: 89,89971,32557,03863,264163,085163,326
Operating expenses (52,580)(58,467)(54,723)(42,045)(165,153)(170,842)
Operating income (loss): 37,31912,8582,31521,219(2,068)(7,516)
Nonoperating expense
(Other Nonoperating expense)
 (334)(298)(572)(992)(387)(524)
Interest and debt expense (3,929)(5,605)(6,597)(3,649)(3,808)(3,178)
Income (loss) from continuing operations before income taxes: 33,0566,955(4,854)16,578(6,263)(11,218)
Income tax expense (benefit)  (2,209)156(4,374)13,7603,519
Income (loss) from continuing operations: 33,0564,746(4,698)12,2047,497(7,699)
Income (loss) before gain (loss) on sale of properties:33,0564,746(4,698)12,2047,497(7,699)
Other undisclosed net loss (8,288)     
Net income (loss) available to common stockholders, diluted: 24,7684,746(4,698)12,2047,497(7,699)

Comprehensive Income ($ in thousands)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 24,7684,746(4,698)12,2047,497(7,699)
Comprehensive income (loss), net of tax, attributable to parent: 24,7684,746(4,698)12,2047,497(7,699)

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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