U.S. Xpress Enterprises, Inc. (USX) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
4080 JENKINS ROAD CHATTANOOGA, TN 37421 |
| State of Incorp. | NV |
| 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)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 2 | 6 | 6 | 6 | 10 | |||
| Cash and cash equivalent | 2 | 6 | 6 | 6 | 10 | |||
| Receivables | 240 | 250 | 209 | 199 | 211 | |||
| Prepaid expense | 14 | 14 | 14 | 11 | 11 | |||
| Asset, held-for-sale, not part of disposal group | 26 | 12 | 12 | 18 | 33 | |||
| Other current assets | 47 | 32 | 16 | 16 | 13 | |||
| Other undisclosed current assets | 8 | 10 | 9 | 7 | 7 | |||
| Total current assets: | 337 | 323 | 266 | 257 | 286 | |||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 7 | 7 | 7 | ✕ | ||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 492 | 519 | ||||||
| Long-term investments and receivables | 1 | 13 | ||||||
| Long-term investments | 1 | 13 | ||||||
| Other noncurrent assets | 461 | 427 | 411 | 392 | 106 | |||
| Other undisclosed noncurrent assets | 575 | 501 | 495 | |||||
| Total noncurrent assets: | 1,044 | 947 | 913 | 883 | 625 | |||
| TOTAL ASSETS: | 1,381 | 1,270 | 1,180 | 1,140 | 910 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 147 | 172 | 124 | 93 | 89 | |||
| Employee-related liabilities | ✕ | ✕ | 45 | 40 | 24 | 25 | ||
| Accounts payable | 111 | 127 | 84 | 69 | 64 | |||
| Accrued liabilities | 35 | |||||||
| Debt | 128 | 92 | 104 | 151 | 113 | |||
| Disposal group, including discontinued operation | 7 | |||||||
| Self insurance reserve | 73 | 44 | 48 | 52 | 47 | |||
| Other liabilities | 13 | 6 | 6 | 9 | 8 | |||
| Other undisclosed current liabilities | 105 | 88 | 78 | |||||
| Total current liabilities: | 467 | 403 | 359 | 305 | 264 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 360 | 290 | 464 | 521 | 311 | |||
| Long-term debt, excluding current maturities | 354 | 283 | 252 | 308 | 311 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 14 | ||
| Finance lease, liability | 6 | 7 | 3 | 7 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | (205) | (14) | ||||||
| Liabilities, other than long-term debt | 313 | 94 | 95 | 83 | 96 | |||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 20 | ||
| Deferred income tax liabilities | 9 | 24 | 25 | 21 | ✕ | |||
| Disposal group, including discontinued operation, liabilities | 8 | |||||||
| Other liabilities | 23 | 14 | 15 | 5 | 8 | |||
| Operating lease, liability | 231 | 205 | 209 | 206 | ✕ | |||
| Self insurance reserve | 51 | 55 | 55 | 57 | 60 | |||
| Other undisclosed noncurrent liabilities | 205 | |||||||
| Total noncurrent liabilities: | 673 | 589 | 559 | 604 | 408 | |||
| Total liabilities: | 1,139 | 992 | 919 | 909 | 672 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | 239 | 277 | 259 | 230 | 235 | |||
| Additional paid in capital | 274 | 268 | 261 | 251 | 252 | |||
| Retained earnings (accumulated deficit) | (36) | 8 | (2) | (21) | (17) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 0 | 0 | 0 | |||
| Equity, attributable to noncontrolling interest | 3 | 2 | 1 | 1 | 3 | |||
| Total equity: | 242 | 278 | 261 | 231 | 238 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,381 | 1,270 | 1,180 | 1,140 | 910 | |||
Income Statement (P&L) ($ in millions)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 2,161 | 1,949 | 1,742 | 1,707 | 1,805 | ||
| Cost of revenue | (2,112) | (1,868) | (1,631) | (1,592) | (1,640) | ||
| Cost of product and service sold | (666) | (441) | (381) | (420) | (454) | ||
| Gross profit: | 49 | 80 | 111 | 115 | 165 | ||
| Operating expenses | (76) | (62) | (68) | (89) | (86) | ||
| Operating income (loss): | (27) | 18 | 44 | 26 | 79 | ||
| Nonoperating income (expense) | (30) | 7 | (21) | (29) | (45) | ||
| Other nonoperating income (expense) | (11) | 8 | (2) | (0) | (0) | ||
| Interest and debt expense | (0) | (8) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (57) | 25 | 23 | (3) | 26 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (14) | 0 | 8 | ||||
| Income (loss) from continuing operations before income taxes: | (57) | 12 | 23 | (3) | 34 | ||
| Income tax expense (benefit) | 14 | (0) | (5) | (0) | (8) | ||
| Income (loss) from continuing operations: | (42) | 11 | 18 | (3) | 26 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 11 | 18 | (3) | 26 | ||
| Net income (loss): | (42) | 11 | 18 | (3) | 26 | ||
| Net income (loss) attributable to noncontrolling interest | (2) | (0) | 1 | (1) | (1) | ||
| Net income (loss) available to common stockholders, basic: | (44) | 11 | 19 | (4) | 25 | ||
| Dilutive securities, effect on basic earnings per share | (2) | 0 | 0 | ||||
| Other undisclosed net income (loss) available to common stockholders, diluted | 2 | 0 | (1) | ||||
| Net income (loss) available to common stockholders, diluted: | (44) | 11 | 18 | (4) | 25 | ||
Comprehensive Income ($ in millions)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (42) | 11 | 18 | (3) | 26 | ||
| Comprehensive income (loss): | (42) | 11 | 18 | (3) | 26 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (2) | (0) | 1 | (1) | (1) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (44) | 11 | 19 | (4) | 25 | ||
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.