ArcBest Corporation (ARCB) financial statements (2022 and earlier)

Company profile

Business Address 8401 MCCLURE DRIVE
FORT SMITH, AR 72916
State of Incorp. DE
Fiscal Year End December 31
SIC 4213 - Trucking, Except Local (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments125369318297177171227
Cash and cash equivalents77304202190121114165
Short-term investments4865117107565762
Restricted cash and investments     11
Receivables595335301316299274243
Prepaid expense40383025222221
Deferred tax assets  4038
Other current assets64591244
Other undisclosed current assets101192121018
Total current assets:776758664649522522552
Noncurrent Assets
Operating lease, right-of-use asset10711568
Property, plant and equipment696679684631591533483
Intangible assets, net (including goodwill)427143147177182189173
Goodwill300888810810810996
Intangible assets, net (excluding goodwill)127555969738177
Deferred income tax assets568
Other noncurrent assets1027780746466 
Other undisclosed noncurrent assets   76 55
Total noncurrent assets:1,3371,021987890843788711
TOTAL ASSETS:2,1131,7791,6511,5391,3661,3101,263
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities629418367397341323320
Accounts payable311171134144129133131
Accrued liabilities306247229243211190189
Employee-related liabilities  49   
Taxes payable120020 0
Deferred revenue  1
Debt51675754626445
Other undisclosed current liabilities232120    
Total current liabilities:703507444451403387365
Noncurrent Liabilities
Long-term debt and lease obligation, including:175217266238207180168
Operating lease, liability899852
Other undisclosed long-term debt and lease obligation86119214238207180168
Liabilities, other than long-term debt2171291257655144142
Deferred tax liabilities, net  9178
Deferred income tax liabilities657266
Liability, pension and other postretirement and postemployment benefits17192032403651
Other liabilities136383945161713
Total noncurrent liabilities:392346392314262324310
Total liabilities:1,095853836765665711674
Stockholders' equity
Stockholders' equity attributable to parent929829763718651599589
Common stock0000000
Treasury stock, value(194)(111)(105)(95)(86)(80)(71)
Additional paid in capital318342334326319315310
Accumulated other comprehensive income (loss)410(14)(21)(23)(27)
Retained earnings801596533501438387377
Total stockholders' equity:929829763718651599589
Other undisclosed liabilities and equity8998525649  
TOTAL LIABILITIES AND EQUITY:2,1131,7791,6511,5391,3661,3101,263

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,9802,9402,9883,0942,8262,7002,667
Revenue, net2,8262,7002,667
Cost of revenue(3,545)(2,706)(2,763)(2,814)(1,233)(1,158)(1,143)
Gross profit:4352342252801,5941,5421,524
Operating expenses(154)(136)(162)(171)(1,540)(1,513)(1,449)
Operating income:2819864109542975
Nonoperating income (expense)56(1)(15)442
Investment income, nonoperating1464121
Other nonoperating income (expense)42(7)(19)330
Interest and debt expense(9)(12)(11)(9)(6)(5)(4)
Income from continuing operations before income taxes:277925184522873
Income tax expense (benefit)(64)(21)(11)(17)8(10)(28)
Net income attributable to parent:214714067601945
Other undisclosed net loss available to common stockholders, basic  (0)(0)(0)(0)(0)
Net income available to common stockholders, basic:214714067591944
Other undisclosed net income available to common stockholders, diluted  00000
Net income available to common stockholders, diluted:214714067591944

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:214714067601945
Other comprehensive income (loss)(1)(0)(2)(0)(0)(1)3
Comprehensive income:213713867601748
Other undisclosed comprehensive income (loss), net of tax, attributable to parent31171035(7)
Comprehensive income, net of tax, attributable to parent:216725477632341

Statements sources

The financial statements are based on the company's filings with the 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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